Apex IQ Trade is a Contract for Difference (CFD) broker with its domain registered on February 28, 2024. The broker primarily provides investment services in various trading markets, such as Forex, cryptocurrencies, indices, stocks, energy, and commodities. It does not offer services in countries or regions where such actions might violate local laws or regulations.
Company Registration and Regulatory Status
According to publicly available information on its official website, Apex IQ Trade (the-apexiq.com) claims that its copyright belongs to Apex IQ Trade LTD. The broker also asserts that it is regulated by the Financial Conduct Authority (FCA) in the UK and the Australian Securities and Investments Commission (ASIC).
However, after verification, no regulated company named "Apex IQ Trade" was found in the records of the FCA or ASIC.
Thus, Apex IQ Trade (the-apexiq.com) is essentially a fraudulent broker with no legitimate corporate entity or regulatory status.
Account Opening Process
To open a trading account with Apex IQ Trade: Go to their official website, click on the "Open Account" button on the homepage or the "SIGN UP" button located at the top right corner of the page. Fill in personal information such as your name and email address, set a login password, and submit. Once the account is verified, registration will be successful.
Trading Instruments:
Apex IQ Trade offers its clients a variety of trading products, including Forex, indices, commodities, stocks, and cryptocurrencies.
- Forex: Forex trading involves the exchange of different currencies, known for its high liquidity, allowing traders to profit from exchange rate fluctuations.
- Indices: Index trading enables speculation on the performance of an entire market or specific industry without trading individual stocks, offering diverse trading opportunities and potential profits through high leverage.
- Commodities: Commodity trading covers key global market resources, allowing traders to buy and sell raw materials such as metals, energy, and agricultural products.
- Stocks: Stock trading allows investors to participate in the price fluctuations of public companies, earning from price changes and dividends without actually holding the stocks.
- Cryptocurrencies: Cryptocurrency trading provides opportunities for digital currency enthusiasts to profit from highly volatile assets.
Investment Plans
Apex IQ Trade offers four different types of investment plans: Basic account, Classic account, Platinum account, and Forex Signal Subscription.
Basic account:
- Minimum deposit: $500
- Minimum expected profit: $4,500
- Maximum expected profit: $5,000
- Trader education*
- Risk management
- Tax-free spread trading profit
Classic account:
- Minimum deposit: $5,000
- Minimum expected profit: $45,000
- Maximum expected profit: $50,000
- Expert news and analysis
- Competitive spreads
- Advanced trading tools
- Tax-free spread trading profit
Platinum account:
- Minimum deposit: $10,000
- Minimum expected profit: $99,999
- Full suite of benefits
- Trader education*
- Advanced risk management
- Tax-free spread trading profit
Forex Signal Subscription:
- Professional Forex signals
- Up to 10 signals per day
- 95% success rate
- 24/7 support
- Advanced trading tools
- Bitcoin payment only
- Use with any broker
Trading Platform
Apex IQ Trade claims to provide its users with the MT4 trading platform, offering deep liquidity, leverage up to 1:500, and industry-best spreads. However, upon verification, no broker named Apex IQ Trade was found on the MT4 trading platform.
Deposits and Withdrawals
Apex IQ Trade claims on its homepage to support deposits and withdrawals via debit cards, wire transfers, e-checks, or check deposits. However, their FAQ page states that they do not offer multiple deposit methods, including credit/debit cards and bank wire transfers, and only support cryptocurrency transactions.
Conclusion:
Traderknows reminds investors that Apex IQ Trade is a scam broker that entices investors with high returns to deceive them. The website has no corporate entity and no regulation. It is recommended that investors choose brokers with transparent information, strong regulation, and good reputation for investment activities to avoid unnecessary financial losses.
Currently, this broker is marked as a "Scam" on Traderknows.
