Note: For some unknown reason, we cannot open ApexCrypts official site (https://apexcrypt.net) while writing this introduction, therefore, we could only gather relevant information from the Internet to present a rough picture of this broker. Traders should be careful about this issue.
General Information & Regulation
ApexCrypt, a trading name of Apexcrypt LTD, is allegedly a forex broker registered in the Marshall Islands that claims to provide its clients with floating spreads from 0.9 pips on the web-based trading platform, as well as a choice of five different live account types.
As this brokerage's website cannot be accessed, we were unable to obtain further details about its trading assets, leverage, etc.
As for regulation, it has been verified that ApexCrypt does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.13/10. Please be aware of the risk.
Market Instruments
ApexCrypt advertises that it is a forex broker that mainly offers forex currency pairs and cryptocurrency trading. However, more specific information about tradable assets cannot be found on the Internet.
Account Types
ApexCrypt claims to offer five types of trading accounts - Standard, Silver, Optimal, Platinum and VIP, with minimum initial deposit requirements of $500, $1k, $5k, $25k and $50k respectively. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less.
Spreads & Commissions
ApexCrypt claims that different account types have different spreads and commissions. Specifically, spreads for the Standard account start from 2.2 pips, while for the Silver, Optimal, Platinum and VIP accounts, spreads from 1.9 pips, 1.6 pips, 1.3 pips and 0.9 pips separately. As for commissions, the account with the widest spread (Standard Account) is the only one with an additional commission – $0.5 per trade.
Trading Platform Available
The platform available for trading at ApexCrypt is web-based. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.
Deposit & Withdrawal.
The minimum initial deposit requirement at ApexCrypt is said to be as high as $500. However, the broker says nothing about the acceptable deposit and withdrawal methods.
Bonuses & Fees
ApexCrypt claims to offer some bonuses, however, the bonus can only be withdrawn when a required trading turnover is achieved. In any case, you should be very cautious if you receive a bonus. Bonuses aren't client funds, they're company funds, and fulfilling the heavy requirements that are usually attached to them can prove a very daunting and difficult task. Note that brokers are prohibited from using bonuses and promotions by all leading regulators.
The broker also charges a $50 inactivity fee after just 30 days of no trading activity.
Customer Support
ApexCrypts customer support can be reached by telephone: +441420573050, email: support@apexcrypt.com. Company address: Trust Company Complex, Ajeltake road, Ajeltake Island, Majuro, Marshall Islands.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
