WikiFX review: Are you trading forex at Appex Capital?

Before we jump to conclusions about Appex Capital, let's first take a look at their website.

As a forex broker registered in the United Kingdom and providing financial services and products there, we should check whether he is authorized and regulated by the FCA. The FCA, as the most authoritative authority in the UK, has the right to exercise prudence and supervision over all companies and individuals who provide, promote or sell financial services or products in the UK.

We can see from the screenshot that the search results are irrelevant company information, which makes it clear that Appex Capital is not regulated by the FCA.

Besides, Appex Capital also claims to have been founded in 2013, but queries show the opposite.

In fact, the domain was created in 2021, estabished no more than two years ago, and a query shows that the company has made 6 changes on 4 unique name servers in 1 year.

As a result, there is no denying the fact that Appex Capital is an unregulated anonymous website that is trying to deceive investors. It's not sensible to put your money in this broker!

In addition, Appex Capital only shows that it provides foreign exchange, stocks, cryptocurrency investment and real estate products and services, but there is no clear trading software. For example, the MT4 and MT5, both have gained a solid reputation for their stability and the sophisticated features they can provide, such as automated trading and analytical tools, many complex indicators, and thousands of third-party-developed apps found in the in-built marketplace. Broker Appex Capital can provide none of it, and WikiFX considers it dangerous as there are no guarantees that the platforms servers are secure at all!

Moreover, Appex Capital does not elaborate on trading conditions, nor regulatory information or other documents. There's no doubt that when investors want to choose a platform, it's more than just this information posted!

More importantly, Appex Capitalonly accepts deposits made in cryptocurrency. This is another clear sign of a scam – only a scam broker will ask you to deposit in Bitcoin/ Ethereum and would not offer any alternatives. The reason why scammers adore crypto so much is simple – such transactions are completely irreversible which makes getting a chargeback impossible for the client. That is why investing with a company like Appex Capital is not a good idea – you would not be able to retrieve your money or track it down.

Now let's search “Appex Capital” on WikiFX APP to find out more about this broker. WikiFX is an authoritative global inquiry platform providing basic information inquiry and regulatory license inquiry. WikiFX can evaluate the safety and reliability of more than 36,000 global forex brokers. WikiFX gives you a huge advantage while seeking the best forex brokers.

As you can see, based on information given on WikiFX (https://www.wikifx.com/en/dealer/1422438352.html), Broker Appex Capital has no valid regulatory license and the score is rather negative - only 1.12/10! WikiFX gives brokers a score from 0 to 10. The higher the score is, the more reliable the broker is.

In a nutshell, it's not wise to invest in Appex Capital. WikiFX reminds you that forex scam is everywhere, you'd better check the broker's information and user reviews on WikiFX before investing. You can also expose forex scams on WikiFX. WikiFX will do everything in its power to help you and expose scams, warn others not to be scammed. In addition, scam victims are advised to seek help directly from the local police or a lawyer.

WikiFX keeps track of developments, providing instant updates on individual traders and helping investors avoid unscrupulous brokers. If you want to know whether a broker is safe or not, be sure to open WikiFXs official website (https://www.WikiFX.com/en) or download the WikiFX APP through this link (https://www.wikifx.com/en/download.html) to evaluate the safety and reliability of this broker!