ApexWealth Review – Why To Avoid High Leverage On Cryptos?
ApexWealth Review – Why To Avoid High Leverage On Cryptos?

ApexWealth company presents itself as a firm with offices registered in Liverpool. Since 2024, they have been mainly offering services related to crypto trading. Whether we speak of leveraged trading, arbitrage, or managed accounts, they have it.

All in all, for such services the company should have proper authorization. But do they and can we trust this trading firm? Find out in this unbiased ApexWealth review.

Regulated by: No regulations
Is This Company Safe? No
Known Websites: Apexwealth.vip
Have Warnings from: FCA, CBR
Registered in: UK (allegedly)
Operating since: 2024
Trading Platforms: Proprietary platform
Maximum Leverage: 1:500
Minimum Deposit: $250
Deposit Bonus: Available up to 100%
Trading Assets: Crypto CFDs
Free Demo Account: No
How to  Withdraw from This Company? Withdrawing funds from a broker that is found on a warning list of FCA and CBR is most likely impossible. If you have your crypto stuck with this trading firm, contact our refund specialists and find out how to recover your money using the CipherTrace tool.

Legal info: Is ApexWealth Legit or a Scam?

Generally speaking, companies registered in the UK are mostly registered as LTDs. Thus, ApexWealth B.V. doesn’t seem to be registered there, especially not with the FCA. Nevertheless, the company mentions the anonymous Crypto Conduct Authority trying to make us believe their legitimacy. However, the moment you search for licenses of this trading firm, you can find irregularities.

In the first place because Financial Conduct Authority, the only regulatory institution in the UK, issued a warning against them. But who exposed this trading scam first is the Russian Central Bank. With this in mind, can you truly expect them to properly manage your crypto assets?

Who are ApexWealth’s Victims?

As can be seen, this trading brand was founded in April 2024 according to its domain age. After only one month of trading, they got exposed. But to be fair, that’s what you get when you primarily target traders from: 

  • United States
  • United Kingdom

But to learn more useful tips on how to recognize such companies, check our in-depth analysis of StoxInvest and EO Broker firms. Regardless of your residence country, if you have any trouble withdrawing funds from any broker, you can contact our team for advice. 

Also, without any ApexWealth reviews available, we invite you to share your experience in our comments section below.

Leverage, Commissions, Spreads, Fees and Taxes

Since ApexWealth broker offers mainly crypto investment options, their trading conditions are quite unlogical. Especially the leverage of up to 1:500. With highly volatile cryptos and missing negative balance protection, you can get in debt in the blink of an eye. The worst thing of all is that your crypto wallet is already connected to this scam firm. So, they can take anything without your consent.

In addition, all commissions and fees are hidden. In fact, the page about it doesn’t work. But after the mentioned warnings, you can only expect manipulation there. Honestly, the only thing you can believe this broker is that spreads truly start FROM 1.5 pips.

Bonuses

Another important detail with ApexWealth crypto trading company is a welcome bonus of up to 100%. Sadly, bonus terms are not disclosed anywhere. 

Yet, we wouldn’t be surprised if you face malicious clauses preventing you from withdrawing your funds. Primarily because of the minimum trading volume requirement that’s unknown currently.

ApexWealth Trading Features

Generally speaking, many crypto trading firms promote arbitrage as the safest form of crypto exchange. Indeed, that’s the fact. However, with ApexWealth trading firm it’s just a way to extort access to your crypto funds more easily.

Trading Platforms Available

As can be seen, the trading platform is not even disclosed. Consequently, you can only expect proprietary web-based software. We have learned from experience that unregulated brokers with such software never operate legitimately.

Besides all other manipulations, the company will use hidden access to the platforms’ back end to manipulate data visible to users. That’s why using trusted third-party solutions like cTrader can save you a ton of money.

Available Trading Assets

Important to realize is that without free access to the platform, you can’t explore all the available assets. But fairly, what can you expect from a company with a fully dysfunctional website? 

In any case, you can expect offers for: 

  • Bitcoin
  • Ethereum
  • Tron
  • Solana
  • Ripple, etc.

Account Types

Overall, the ApexWealth minimum deposit matches most of the trading firms with a $250 requirement. Thus, the problem is in other accounts that require more money and don’t give anything relevant in return. 

For instance, if you get the VIP plan, you can only expect more personal assistance, weekly sessions, and exclusive strategies. And the accounts require deposits of: 

  • Standard – $250
  • Silver – $10.000
  • Gold – $50.000
  • VIP – $250.000

Mobile Trading App

With such high deposit requirements, you would expect the company to have top-notch mobile apps. However, once you log in to your ApexWealth account, you’ll realize there are none. And yet, they advertise top-class crypto trading experience.

Demo Account

Another huge disadvantage is that ApexWealth login credentials don’t give you access to any demo accounts. Instead, you’ll be required to deposit at least $250 to get started with their services. 

Yet, when you see tier 1 licensed firms requiring only $10 to get started, there’s no reason to think about depositing here.

Education

Generally, the company advertises some sort of education with their analysts and Trading Central tools. However, such education from a scam broker can only lead to problems. That’s why trading with properly licensed firms can have a huge impact on proper trading education.

ApexWealth Withdrawal

One of the most concerning details of the ApexWealth scam broker is the withdrawal procedure. Firstly, they don’t reveal any details about it. Secondly, they most likely accept crypto payments only. Lastly, and most importantly, fees and processing time are mysterious.

Therefore, you can only expect non-sense excuses as to why withdrawals can’t be approved. But even if they approve it, you’ll have to pay undisclosed and most likely non-existent fees.

Customer Support

Even though the company provides users with a phone line (UK number), e-mail, and a web contact form you can’t rely much on it. 

After all, if they were supportive of its traders, they wouldn’t be on a warning list. Anyway, without operating hours disclosed, you can only hope for a quick response from them.

Key Information To Consider About ApexWealth

As can be seen, the whole services with this brokerage are related to crypto arbitrage features. These require you to connect your wallet to their suspicious platform and give them full access to your crypto assets. If you do so, we advise you to apply for a refund immediately.

But first, you’ll have to track down your crypto transfers. On the positive side, our experts with CipherTrace tool availability can help you along the way. Get in touch with us, book a free first consultation, and find out how to get your money back.

FAQ Section

What is ApexWealth?

ApexWealth is a crypto CFDs trading company offering extremely risky trading features with zero credibility and safety features.

Is ApexWealth Legit?

No. The company doesn’t have any top-tier regulations and also they are found on a warning list of the FCA and CBR.

Can I Withdraw My Money Out of My ApexWealth Account?

Considering all the hidden details and missing regulations, no. For recovery of your crypto, book a free consultation with our refund experts.

0 Comments

Leave a Reply

Please rate

Your email address will not be published. Required fields are marked *

Unfortunately, many users start reading reviews only after falling victim to scams. We sincerely hope that you are not one of them!
However, if you're here because you suspect that your investment isn't in a safe place, know that you have the right to claim funds back!

Report a Fraud Case & Claim a Refund from Scammers

Comment link copied