Apex500 shows that it has thousands of grateful clients and provides competitive trading conditions. However, when we checked its domain, the result shows the firm was newly created on 2021-11-5. How it can reach these figures in about 2 months? Thus, there is the highest possible level of caution for you when dealing with Apex500.

Besides, we found Apex500 has no regulation license. What’s more, the broker shows that its headquarter is at Bockenheimer Landstraße 51, 60325 Frankfurt am Main, Germany. If you are a forex trader, no matter a fresh one or an experienced one, you must know the two basic essential things about trading with German reliable broker: 1)to operate in Germany, a broker needs to have a license; 2)the regulatory body that oversee the German markets is BaFin. It has rectified its operational procedures and is considered to be among the best regulatory agencies in the retail FX trading industry.

After checking on the BaFin, we found out that there is no mentioning of Apex500 company there. That means Apex500 has neither registration nor regulation. Therefore, it is a scam broker.

On 21 Feb 2023, the Federal Financial Supervisory Authority (BaFin) issued a warning that Apex500 does not hold authorisation under the KWG to conduct banking business or provide financial services. You may visit: https://www.bafin.de/SharedDocs/Veroeffentlichungen/EN/Verbrauchermitteilung/unerlaubte/2023/meldung_2023_02_17_Apex500_en.html

BrokersView found that the domain "https://apex-500.net/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.