Apex500-Some important Details about This Broker

General Information

Registered in Germany, Apex500 is an online forex broker providing its clients access to a series of trading instruments. With the Apex500 platform, five trading instruments can be chosen, namely Bronze, Silver, Gold, Platinum and VIP. However, the minimum deposit to trade with this broker is absurdly high, reaching up to € 5000.

Apex500 does not hold any regulatory license to show it operates legally. Please be aware of the risk involved.

Market Instruments

With the Apex500 platform, four classes of trading instruments including Foreign Exchange, Metals, Oil and Indices can be traded.

Account Types

Apex500 provides five trading accounts to accommodate different traders varying trading needs: Bronze, Silver, Gold, Platinum, VIP accounts.

The minimum deposit required by Apex500 for each account is ridiculously high, with the Bronze account from € 5000, the Silver account from € 25,000, the Gold account from € 50,000, the Platinum account from € 100,000, the VIP account from 500,000.

Obviously, Apex50, as an unregulated forex broker just try to extract clients first deposits by asking for so high open-account capitals.

Please be aware of the risk involved, or just stay away from this forex broker.

How to open an account with Apex500？

Opening an account with Apex500 is a hassle-free process, with a few steps to follow:

1. Click the “CREATE ACCOUNT” link, and fill up some required details on the popping-up page, including your email address, full name, country, phone number, your preferable currencies, and more.

2. Upload your personal data for this company to verify some details.

3. Choose your preferable payment methods, fund your account and start to trade with this forex broker.

Leverage

Trading leverage varies depending on what trading accounts you are holding, ranging from 1:20 to 1:200. However, Apex500 allows its clients to use the maximum leverage up to 1:200, which is much higher than the levels regarded appropriate by many regulators, with the leverage for major forex up to 1:30 in Europe and Australia, and 1:50 in Canada and U.S.

Since leverage can magnify gains as well as losses, it is wise for beginners to choose the leverage ratio at no more than 1:10. We recommend that traders should trade with a smaller amount at first, until they get more trading experience.

Spreads & Commissions

Spreads and commissions are tied to what trading accounts you are holding on the Apex500 platform. Basically, the more account balance you hold, the more competitive spreads you can enjoy.

However, since this forex broker is an unregulated one, investors are strongly recommended to stay away from it no matter what spreads it offers.

Commissions charged are not disclosed yet.

Trading Platform

Apex500 does not provides its clients the industry-leading MT4 or MT5 trading platform, and

what it offers is an online trading platform allegedly equipped with a user-friendly interface, powerful charting tools, multiple technical indicators and more.

Customer Support

Apex500 hypes that it offers 24 x7 customer support to assist its clients with any trading-related problems. For any questions or concerns they may have about their accounts can reach out to Apex500 through the following methods:

Telephone: 4930408195790

Email: support@apex-500.com

Registered Company Address: Markt 20-21, 99817 Eisenach, Germany

Risk Warning

There is a level of danger that comes with trading on the financial markets. As sophisticated instruments, foreign exchange, futures, CFDs, and other financial contracts are typically traded using margin, which significantly increases the inherent risks involved. Therefore, you should consider carefully whether or not this sort of investment activity is right for you.

The information presented in this article is intended solely for reference purposes.