APX Prime-Overview of Minimum Deposit, Leverage, Spreads

General Information

APX Prime is an unregulated forex broker headquartered in Saint Vincent and the Grenadines, offering a range of market instruments, including forex currency pairs, CFDs on gold, silver, stock indexes, oil, other commodities, and cryptocurrencies.

Pros and Cons

Market Instruments

1. Forex Currency Pairs: APX Prime provides access to over 35 forex currency pairs. Forex trading involves the buying and selling of currency pairs, allowing traders to speculate on the relative value fluctuations between different currencies.

2. Contracts for Difference (CFDs) on Gold: APX Prime offers CFDs on gold, allowing traders to speculate on the price movements of this precious metal without physically owning it. CFDs on gold provide exposure to price fluctuations and the opportunity to profit from both rising and falling gold prices.

3. Contracts for Difference (CFDs) on Silver: APX Prime enables trading CFDs on silver, providing traders with the ability to speculate on the price movements of silver without owning the physical asset. CFDs on silver offer an alternative investment option and potential opportunities for profit in response to silver price changes.

4. Contracts for Difference (CFDs) on Stock Indexes: APX Prime allows traders to engage in CFD trading on various stock indexes. Trading CFDs on stock indexes enables investors to speculate on the performance of a basket of stocks that represent a particular market or industry.

5. Contracts for Difference (CFDs) on Oil: APX Prime facilitates trading CFDs on oil, enabling traders to speculate on the price movements of oil without owning the underlying commodity. CFDs on oil offer exposure to the oil market and the opportunity to profit from changes in oil prices.

6. Contracts for Difference (CFDs) on Other Commodities: APX Prime provides the opportunity to trade CFDs on other commodities, which may include agricultural products, metals, or energy resources. CFDs on other commodities offer traders the ability to profit from price movements in these markets without physically owning the commodities.

7. Cryptocurrencies: APX Prime offers trading in cryptocurrencies. Cryptocurrencies are digital assets that use cryptography for secure financial transactions. The availability of cryptocurrencies allows traders to speculate on their price movements and potentially benefit from market volatility.

Account Types

APX Prime offers three types of trading accounts: CENTS, STANDARD, and ECN. Each account type has its own set of features and specifications.

CENTS

The CENTS account offered by APX Prime is characterized by a variable spread and a minimum spread starting from 1.7 pips. Traders can trade with a minimum volume of 0.01 lot and have the opportunity to place orders of up to 150 lots. The leverage available for this account type is up to 1:1000.The CENTS account supports 28 currency pairs for trading and does not charge any commission. Additionally, traders have the option for swap-free trading, and the margin call and stop-out levels are set at 60% and 30%, respectively. The CENTS account requires a minimum deposit of $10.

STANDARD

The STANDARD account provided by APX Prime features a variable spread with a minimum spread starting from 1.3 pips. Traders can trade with a minimum volume of 0.01 lot and place orders of up to 50 lots. The leverage available for this account type is up to 1:2000. With the STANDARD account, traders can access 35 different currency pairs for trading. Similar to the CENTS account, there is no commission charged for trades, and traders can also opt for swap-free trading. The margin call and stop-out levels for the STANDARD account are set at 60% and 30%, respectively. The minimum deposit required to open a STANDARD account is $15.

ECN

APX Prime offers an ECN account that provides traders with a variable spread starting from 0 pips. Traders can trade with a minimum volume of 0.01 lot and have the ability to place orders of up to 50 lots. The leverage available for the ECN account is up to 1:500. The ECN account supports trading in 35 different currency pairs. Unlike the previous two account types, the ECN account charges a commission of $8 per trade. Swap-free trading is also available for those who prefer it. The margin call and stop-out levels for the ECN account are set at 60% and 30%, respectively. Traders interested in opening an ECN account with APX Prime should note that a minimum deposit of $300 is required.

Leverage

APX Prime offers a maximum leverage ratio of up to 1:2000 to its clients. APX Prime says that it offers low spreads starting from 0.1 pips.

Trading Platform Available

APX Prime offers the MetaTrader 4 (MT4) trading platform to its clients. The MT4 platform is widely recognized and used by traders worldwide. It is accessible on desktop computers, web browsers, and mobile terminals for both Android and iOS devices.

Deposit & Withdrawal

APX Prime provides clients with several options for depositing and withdrawing funds. They accept deposits and withdrawals via FasaPay, Local Bank Transfers, PerfectMoney, and WebMoney. The minimum deposit requirement is $10.

For depositing funds, clients can choose Local Bank Transfer. This method ensures secure and instant funding of their trading accounts. Additionally, FasaPay, Perfect Money, Coinbase, and WebMoney are available options. These payment methods offer convenience and ease of use for depositing funds into the trading account. Each option has its own fee structure, with minimum deposits ranging from 0 to 10 USD and instant processing times.

When it comes to withdrawing funds, APX Prime offers various options as well. Clients can use Local Bank Transfer, FasaPay, Perfect Money, Coinbase, or WebMoney. Withdrawals via Local Bank Transfer may incur no fees and have a minimum withdrawal amount of 15 USD, with a processing time ranging between 3 and 24 hours. FasaPay, Perfect Money, Coinbase, and WebMoney withdrawals have no fees associated with them, a minimum withdrawal amount of 15 USD, and instant processing times. Match 2 Pay is another option for withdrawals, with a 1% fee and a minimum withdrawal amount of 20 USD, and the processing time ranges between 3 and 24 hours.

Trading Tools

APX Prime offers an economic calendar to its clients. An economic calendar is a tool that provides information about upcoming economic events, such as key economic indicators, government reports, and central bank announcements. Traders can use this calendar to stay informed about important events that may impact the financial markets.

Customer Support

APX Prime's customer support can be contacted via email at support@apxprime.com.

Conclusion

In conclusion, APX Prime, an unregulated broker based in Saint Vincent and the Grenadines, presents certain advantages and disadvantages. On the positive side, APX Prime offers a variety of market instruments, including forex currency pairs, CFDs on gold, silver, stock indexes, oil, other commodities, and cryptocurrencies. They provide multiple account types, such as CENTS, STANDARD, and ECN, with varying features and specifications. Additionally, APX Prime offers the widely recognized MetaTrader 4 (MT4) trading platform, which supports versatile functionality and mobile trading capabilities.

FAQs

What financial instruments can I trade with APX Prime?

APX Prime offers a variety of trading instruments, including over 35 forex currency pairs, CFDs on gold, silver, stock indexes, oil, other commodities, and cryptocurrencies.

What are the account types available at APX Prime?

APX Prime offers three types of trading accounts: CENTS, STANDARD, and ECN. Each account type has its own features, such as varying spreads, leverage ratios, and minimum deposit requirements.

What are the minimum deposit and withdrawal options at APX Prime?

The minimum deposit requirement at APX Prime is $10. They accept deposits and withdrawals via FasaPay, Local Bank Transfers, PerfectMoney, and WebMoney.

Which trading platform does APX Prime provide?

APX Prime offers the MetaTrader 4 (MT4) trading platform, which is accessible on desktop, web, and mobile terminals for Android and iOS devices.