APFX Forex broker specializes in providing foreign exchange trading services, the company's official website http://en.apfx.cloud/, the company's legitimate regulatory information United KingdomFCAAppointed Representative(AR),AustraliaASICInvestment Advisory License,United KingdomFCAAppointed Representative(AR), to enhance the security of the company's address 20-22 Wenlock Road London N1 7GU UNITED KINGDOM.
APFX Forex Broker
Basic information
United States
5-10 years Regulated in Australia Investment Advisory License Suspicious Scope of Business United Kingdom Appointed Representative(AR) Revoked Suspicious Overrun High potential riskCompany profile
Since APFXs official website is inaccessible for now, we could only piece together the rough picture of this broker through gathering some relevant information from other websites.
BasicGeneral Information
Established in 2019, APFX claims that it is an online trading platform providing forex and CFD related information. APFX is the trading name of AP FINANCIAL MARKETS LIMITED, a company registered in the United Kingdom under registration number 12206505.
It has been verified that APFX is not authorized or regulated by any regulatory authority, and thats why WikiFX has given this broker a very low score of 1.94/10. Please be aware of the risk, for trading with an unregulated forex broker is taking a huge risk of losing your money.
Account Types
Account information is not mentioned anywhere. And we even dont know what is the minimum deposit required.
Leverage
Trading leverage does not mention on this platform, but here is the leverage rule set by most regulators: the maximum leverage for major currencies up to 1:30 in Europe and Australia, and 1:50 in the United States and Canada.
Since leverage can amplify both gains and losses, it can result in devastating losses for investors who lack experience. If you're just starting out in the trading world, it's best to stick with the lower size, no more than a 1:10.
Trading Platform
To our surprise, APFX, this unregulated broker, boasts that it provides clients access to the industry leading MT5 trading platform. Although this is good news, investors should take extra vigilance given the fact that this broker is not subject to any regulation.
Customer Support
Poor customer service is provided, and only several email addresses are given for clients to get in touch with this broker: info@armfx.top, funding@armfx.top, funding@apfx.cloud.
Risk Warning
Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.
The information presented in this article is intended solely for reference purposes.
Pros & Cons
| Pros | Cons |
| MT5 provided (allegedly) | No regulation |
| Insufficient website information | |
| Poor customer support | |
| Lots of negative reviews |
Frequently Asked Questions
What items can I trade with on APFX？
APFX seems to provide forex trading, with other available markets not disclosed.
What is the minimum deposit required by APFX？
The minimum deposit required byAPFX is not disclosed.
What trading platform doesn APFX offer？
APFX boasts that it offers the industry leading MT5 trading platform.
Rating Index
APFX Similarly Rated Brokers
Latest Reviews
龍12361
Hong Kong
Can’t withdraw since July, 2020. And I can’t contact anyone in this platform now. I hope for a settlement.
Exposure
2020-11-19
动力无限
Hong Kong
Delay my withdrawals for over half a year. Don’t help me to handle it.
Exposure
2020-10-22
FX4208496392
Hong Kong
All kinds of strange reasons for not giving money. The withdrawals have been delayed all along, and now no one can be reached. Are you afraid of retribution for cheating others' hard-earned money? Don’t be fooled by other people anymore. Don’t be blinded by rhetoric and so-called high rewards. If you can find someone, stare at me. I’ve called the police.
Exposure
2021-01-16