Apextradingpro is a Contract for Difference (CFD) broker with its official domain registered on March 15, 2023. The broker mainly provides investment services in various trading markets such as forex, cryptocurrencies, indices, stocks, energy, and commodities, but does not offer services to countries and regions where it may violate local laws or regulations.
Company Registration Information and Regulatory Status
According to the public information available on Apextradingpro’s official website (www.apextradingpro.com), the broker was established in 2016 and claims that its corporate entity is ASN, regulated by the Australian Securities and Investments Commission (ASIC). However, the broker does not disclose the registration details of the corporate entity or detailed regulatory information.
Upon verification, the Australian Securities and Investments Commission (ASIC) does not have any regulated company named "ASN" in its database.
Therefore, Apextradingpro (www.apextradingpro.com) is, in fact, an unregulated and fraudulent broker website.
Account Opening Process
To open an Apextradingpro trading account: Visit the broker’s official website, click on "Open Account" on the homepage or "SIGN UP" at the top right corner of the webpage to enter the account registration page. Fill in the required personal information such as name and email, set a login password and submit. Upon submission and account verification, the registration will be successful.
Trading Instruments:
Apextradingpro offers 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 currency fluctuations.
- Indices: Index trading allows speculation on the performance of the entire market or specific sectors without trading individual stocks. By exploring popular indices, one can find diverse trading opportunities and potentially enhance returns with high leverage.
- Commodities: Commodity trading covers key resources in global markets, allowing traders to buy and sell various raw materials including metals, energy, and agricultural products.
- Stocks: Stock trading enables investors to participate in the price movements of public companies, earning from price changes and dividends based on company performance, without actually holding the stocks.
- Cryptocurrencies: Cryptocurrency trading offers opportunities for digital currency enthusiasts to profit from highly volatile assets.
Trading Accounts
Apextradingpro’s official website does not disclose information about account types, spreads, trading leverage, margin call/stop-out levels, trading commissions, minimum/maximum trade sizes, maximum position/order sizes, or minimum price increments. The lack of these essential trading parameters can make risk assessment difficult and costs non-transparent.
Trading Platform
Apextradingpro provides a proprietary trading platform, claiming an average order execution speed of less than 7.12 milliseconds, with over comprehensive liquidity providers and more than 12,000 executed orders per second.
Deposits and Withdrawals
Apextradingpro does not facilitate deposits and withdrawals via credit/debit cards or bank transfers. It only supports cryptocurrencies for these transactions.
Conclusion:
Traderknows reminds investors that FXALimited is actually a scam broker website with no corporate entity and no regulation. Additionally, the website cannot facilitate proper account registration. 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.
