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APX Prime

Saint Vincent and the Grenadines|2-5 years|
Regulated in United States|Suspicious Regulatory License|MT4/5 full license|Global Business|United States Common Financial Service License Unauthorized|Suspicious Overrun|High potential risk|

https://apxprime.com

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

Full License

5
Server Name
APXCapital-Live MT4
Server Location United Kingdom

Contact

https://apxprime.com
First Floor, First Saint Vincent Bank Ltd. Building, James Street, Kingstown, St. Vincent and the Grenadines
https://www.facebook.com/apxprime.my/
https://twitter.com/apx_prime

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

APX Prime Limited

Company Abbreviation

APX Prime

Platform registered country and region

Saint Vincent and the Grenadines

Company website
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Warning: Low score, please stay away! 3
Previous Detection : 2024-03-29
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • United StatesNFA (license number: 0557158) The regulatory status is abnormal, the official regulatory status is Unauthorized. Please be aware of the risk!

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APX Prime · Company Summary

Aspect Information
Registered Country/Area Saint Vincent and the Grenadines
Founded year 2-5 years
Company Name APX Prime
Minimum Deposit $10
Maximum Leverage Up to 1:2000
Spreads Starting from 0.1 pips
Trading Platforms MetaTrader 4 (MT4)
Tradable assets Over 35 forex currency pairs, CFDs on gold, silver, stock indexes, oil, other commodities, and cryptocurrencies
Account Types CENTS, STANDARD, ECN
Demo Account Available
Customer Support Email: support@apxprime.com
Payment Methods FasaPay, Local Bank Transfers, PerfectMoney, WebMoney
Educational Tools Economic calendar

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.

basic-info

Pros and Cons

APX Prime has both pros and cons that traders should consider before deciding to engage with this broker. 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. This diversity allows traders to explore different investment opportunities. Additionally, the broker provides three types of trading accounts with varying features and specifications, catering to the individual preferences of traders. The availability of the widely recognized MetaTrader 4 (MT4) trading platform also offers convenience and versatility for traders.

However, there are notable drawbacks to consider. The spreads and commissions offered by APX Prime are not transparently disclosed, limiting traders' ability to assess the cost of trading accurately. Furthermore, the absence of dedicated customer support channels and limited information available on the broker's website may make it challenging for traders to seek assistance when needed.

Pros Cons
  • Three types of trading accounts
  • Non-transparent spreads and commissions
  • Availability of the MetaTrader 4 (MT4) trading platform
  • Limited customer support
  • Multiple deposit and withdrawal options
  • Limited educational resources
  • Leverage of up to 1:2000
  • Lack of detailed information on company background
  • Mobile trading capability
  • Absence of negative balance protection
  • Economic calendar for market event information
  • Limited research and analysis tools
  • Variety of market instruments
  • Incomplete disclosure of trading conditions

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.

Pros Cons
Access to a wide range of forex currency pairs Market volatility and currency fluctuations
Opportunity to speculate on gold price movements Potential risks associated with CFD trading
Ability to trade CFDs on silver and benefit from price changes Lack of ownership of physical assets in CFD trading
Trading CFDs on stock indexes for diversified investments Exposure to market risks and index performance
Speculating on oil price movements without owning the commodity Dependence on oil market dynamics and price fluctuations
Trading CFDs on other commodities for market exposure Price volatility and market uncertainty
Availability of cryptocurrency trading for potential gains Cryptocurrency market volatility and regulatory risks

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. Traders can access the account through the MT4 platform, which offers a range of features and tools. 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. The account can be accessed through the MT4 platform, offering a variety of trading tools and functionalities. 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. Traders can access this account type through the MT4 platform, which offers a range of features and tools for advanced trading. 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.

account-types
Pros Cons
Multiple account types to suit different needs Minimum deposit requirement for ECN account
No commission charges for CENTS and STANDARD accounts Commission charges for ECN account
Variety of currency pairs for trading Higher minimum deposit for ECN account
Option for swap-free trading Potential higher spreads for CENTS account

To open an account with APX Prime, please follow the steps provided below:

1. Visit the APX Prime website at https://secure.apxprime.com.

2. Look for the “Open new account” button or a similar option on the website.

open-account

3. Click on the “Open new account” button to proceed.

4. Fill in all the required details in the registration form provided. This may include personal information such as your name, email address, contact details, and other relevant information.

5. Once you have filled in all the necessary details, click on the “Sign Up” or similar button to submit your registration.

open-account

6. Check your email inbox for a verification email from APX Prime. It is important to verify your email address to complete the registration process.

7. If you do not see the verification email in your inbox, kindly check your spam or junk mail folder as it might have been filtered there.

8. Locate the verification email and click on the provided verification link to confirm your email address.

9. After successfully verifying your email address, your account registration with APX Prime should be complete.

Leverage

APX Prime offers a maximum leverage ratio of up to 1:2000 to its clients. It is important to note that leverage can amplify both profits and losses in trading. While high leverage may potentially lead to significant gains, it also carries substantial risks. Inexperienced traders are cautioned against using excessively high leverage as it can result in substantial losses if not managed properly. Traders should carefully consider their risk tolerance and trading strategies before utilizing high leverage ratios.

Spreads

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.

Versatile Functionality:

The MT4 platform provided by APX Prime offers a range of features to assist traders in their activities. It supports nine different time frames, allowing users to analyze price movements over various intervals. Additionally, the platform provides access to numerous technical indicators, enabling traders to conduct detailed market analysis.

Convenient Trading:

With the MT4 platform, traders can execute trades with ease through its one-click trading feature. This functionality streamlines the process of placing trades and can be particularly useful in fast-moving markets. Moreover, the platform offers the option to automate trading strategies using Expert Advisors (EAs), allowing for automated execution based on pre-defined rules.

Mobile Trading Capability:

APX Prime facilitates trading on the go through the MT4 Mobile platform. Traders can access their accounts and engage in trading activities anytime and anywhere using compatible mobile devices. The MT4 Mobile platform is available for both Android and iOS.

In summary, APX Prime provides its clients with the widely recognized MetaTrader 4 (MT4) trading platform. This platform offers versatile functionality, including multiple time frames and technical indicators for comprehensive market analysis. Traders can execute trades conveniently with one-click trading and have the option to automate their strategies using Expert Advisors (EAs). Additionally, the availability of the MT4 Mobile platform enables traders to engage in trading activities on compatible mobile devices.

Pros Cons
Widely recognized MetaTrader 4 (MT4) platform Limited customization options
Accessible on desktop, web, and mobile devices No alternative trading platforms offered
Versatile functionality with multiple time frames Potential reliance on third-party plugins for added tools
Extensive range of technical indicators Steeper learning curve for beginners
One-click trading for quick execution Limited integration with other trading tools or platforms
Option to automate trading strategies using EAs Limited selection of advanced order types
Mobile trading capability Potential for technical glitches or platform downtime

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.

deposit-withdrawal

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.

deposit-withdrawal
Pros Cons
Multiple deposit options, including Local Bank Transfer and electronic wallets (FasaPay, PerfectMoney, Coinbase, WebMoney) Withdrawals via Local Bank Transfer may incur fees
Minimum deposit requirement of $10 Match 2 Pay withdrawals have a 1% fee
User-friendly payment methods Minimum withdrawal amounts vary for different methods
No fees for certain withdrawal options (FasaPay, PerfectMoney, Coinbase, WebMoney) Withdrawal processing times can range 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. By having access to an economic calendar, traders can plan their strategies and make informed trading decisions based on the anticipated market volatility and potential opportunities arising from these events.

trading-tools

Customer Support

APX Prime's customer support can be contacted via email at support@apxprime.com. They operate during regular business hours, Monday to Friday from 9 am to 5 pm. However, it is worth noting that APX Prime does not provide alternative contact methods such as telephone numbers, which are commonly offered by many other brokers. This limited availability of direct contact options may be a drawback for traders who prefer immediate assistance or have urgent inquiries. The company's physical address is located at First Floor, First Saint Vincent Bank Ltd. Building, James Street, Kingstown, St. Vincent and the Grenadines.

trading-tools

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

Q: What financial instruments can I trade with APX Prime?

A: 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.

Q: What are the account types available at APX Prime?

A: 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.

Q: What is the maximum leverage offered by APX Prime?

A: APX Prime offers a maximum leverage ratio of up to 1:2000. It is important to note that high leverage can magnify both profits and losses, so caution should be exercised when using it.

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

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

Q: Which trading platform does APX Prime provide?

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

Q: Does APX Prime provide any trading tools?

A: APX Prime offers an economic calendar to its clients. This tool provides information about upcoming economic events that may impact the financial markets, allowing traders to plan their strategies accordingly.

News

WikiFX Broker Assessment Series | Is APX Prime Reliable?

ExposureWikiFX Broker Assessment Series | Is APX Prime Reliable?

2024-01-12 17:30

Have you ever heard about a broker named APX Prime? WikiFX made a comprehension review on this broker to help you better understand the truth, we will analyze the reliability of this broker from specific information, regulation, exposure, etc. And it would help if you never missed it.

WikiFX
2024-01-12 17:30
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WikiFX Broker Assessment Series | Is APX Prime Reliable?

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FX1496336957
more than one year
APX Prime has been a game changer for my trading journey. They offer incredible conditions for all account types and I appreciate the high leverage options up to 1:2000. Whether you're a novice or experienced trader, they have an account option that suits your needs - I started with the 'Cents' and worked my way up to the 'ECN' account. They really are transparent and honest, and their customer service is unparalleled - offering support in my local language was a pleasant surprise! Trading strategies are accepted across the board, which really opens up opportunities to experiment and find what works best for you. It's clear to me that APX Prime is more than just a trading platform, they're a dependable partner for your brokerage needs. Five out of five stars from me!
2024-03-07 12:24
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0
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Dany4219
6-12months
SCAM Alert! APX Prime disappeared after I requested a withdrawal. When they thought I was a new client, they responded promptly. Once I showed them my registered email and trading account, they stopped responding. My withdrawal was first requested in March. APX Prime demanded different kinds of documents, which I provided. And now APX Prime is still asking for something impossible and refusing my withdrawal. APX Prime even blacklisted me.
2023-09-01 15:07
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0
0
FX3871439384
6-12months
Server are stable duirng high impact news. withdrawal also fast and legit.
2023-05-10 13:05
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0
0
Bull802
more than one year
Money Games Broker. Please stay away from this broker if you love your money
2023-02-05 13:56
1
0
0
Ayu442
more than one year
Deposits and withdrawals are fast, there are CT facilities that can manage their own risk management, can help spread the CT link to get results from the CT Master..
2022-12-31 08:14
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0
0
志强
more than one year
APX Prime seems to have banned me from their website...I don't understand. I see that this company does not have any regulatory licenses, so be on high alert!
2022-12-16 17:22
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