APTS foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website http://en.aptsfx.com/, about the company's legal and temporary regulatory information, the company's address .
Apts, an online trading platform, was established approximately 2 to 5 years ago and is registered in Saint Vincent and the Grenadines. The broker operates as a private entity and primarily serves retail clients seeking opportunities in the financial markets. Over the years, Apts has aimed to provide a range of trading services, though its operational history has been marred by significant regulatory issues.
The company has faced challenges, notably regarding its regulatory status, as its licenses from the Australian Securities and Investments Commission (ASIC) have been revoked, and it remains unauthorized by the National Futures Association (NFA) in the United States. The lack of a functional website has further complicated its credibility, raising concerns among potential clients.
Apts broker's business model focuses on retail forex trading and may include other financial instruments, although details on specific services are limited due to the current inaccessibility of its official website. The broker has not demonstrated a reliable operational history, as indicated by the increasing number of complaints from users regarding withdrawal issues and transparency.
Apts operates without valid regulation, which is a significant concern for potential traders. The primary regulatory bodies associated with Apts include:
The ASIC license number was 001278812, while the NFA license number was 0527825. The revocation of these licenses raises alarms about the broker's legitimacy and adherence to industry standards.
Apts does not have a clear customer fund segregation policy, which poses risks to traders investments. There is also no indication of participation in investor compensation schemes, further exposing clients to potential losses. The broker's compliance with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations is unclear, as no detailed information is available regarding these measures.
Apts offers a limited range of trading products, primarily focusing on forex trading. The broker supports a variety of currency pairs, although the exact number of forex pairs available is unspecified. Apts may also provide Contracts for Difference (CFDs) on various asset classes, such as indices, commodities, stocks, and cryptocurrencies, but specific offerings are not detailed in the available information.
The broker's product update frequency and the introduction of new trading instruments remain ambiguous. Apts broker appears to cater primarily to retail traders, with no clear indication of services aimed at institutional clients or asset management services.
Apts supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, which are popular among retail traders for their user-friendly interface and robust trading capabilities. However, further information about proprietary platforms or additional trading technologies is lacking.
The broker's website is currently non-functional, which complicates verification of its platform features. There is no mention of a web-based trading platform or mobile applications for iOS and Android users. The execution model, whether it follows ECN, STP, or Market Making, is not specified, contributing to the uncertainty surrounding Apts' operational transparency.
The broker's technical infrastructure, including server locations, is also not disclosed, which is critical for assessing the reliability and speed of trade execution. Additionally, there is no information regarding API access or support for automated trading.
Apts offers standard trading accounts, but specific conditions such as minimum deposit requirements, spreads, and commissions are not detailed in the available data. Information regarding advanced account types, such as VIP or professional accounts, is also lacking.
There is no mention of special accounts, such as Islamic accounts or corporate accounts. The availability of demo accounts for practice trading is not confirmed, which may deter new traders from engaging with the platform.
Leverage options are unspecified, and the minimum trade sizes are not provided. Information regarding overnight fees and how they are applied is also absent, leaving potential clients without essential details for decision-making.
Apts supports various deposit methods, including bank transfers, credit cards, and electronic wallets, although exact payment options are not specified. The minimum deposit requirements for different account types are unclear, which could affect potential traders' ability to start trading.
Deposit processing times and any associated fees are not disclosed, contributing to a lack of transparency. Withdrawal methods and restrictions are also not specified, which raises concerns about the broker's reliability in handling clients' funds.
Withdrawal processing times and fee structures remain ambiguous, which could lead to frustration for users attempting to access their funds.
Apts offers customer support primarily through email communication, which may limit the responsiveness to client inquiries. The service hours and time zone coverage are not specified, potentially impacting the support experience for clients in different regions.
There is no indication of multi-language support, which could hinder access for non-English speaking clients. Educational resources, such as webinars, tutorials, and e-books, are not mentioned, limiting the training opportunities for new traders.
Market analysis services, including daily updates and research reports, are also absent, which may leave traders without essential information to guide their trading decisions. Trading tools, such as calculators and calendars, are not specified, further indicating a lack of comprehensive support for clients.
Apts primarily serves clients in regions where it is legally allowed to operate, but specific markets are not detailed. The broker's regional offices are not mentioned, contributing to the uncertainty surrounding its operational footprint.
There are indications that Apts does not accept clients from certain countries, but exact restrictions are not provided. Special limitations related to the broker's service offerings are also unclear, which could impact potential traders' ability to engage with the platform.
In summary, Apts broker presents a concerning case for potential traders. The lack of valid regulation, operational transparency, and comprehensive service offerings raises significant red flags. Traders are advised to exercise extreme caution and conduct thorough research before engaging with Apts, as the risks associated with trading through an unregulated broker can be substantial. Exploring alternatives among regulated brokers is recommended to ensure a safer and more secure trading experience.
FX6807100320
Hong Kong
A 20% margin was asked before a withdrawal. Give back my fund.
Exposure
2020-04-24
FX6807100320
Hong Kong
The platform asked for 20% of my fund as a margin, saying that my bank information was wrong. Then I was asked to pay again since I hadn’t add a remark. The platform is a rip-off in which the service was bad.
Exposure
2020-04-16
王先生1212
Hong Kong
The withdrawal applied 00:00 on April 30th, which should be received within 3 day, is still unavailable. The website is disabled.
Exposure
2020-05-17