Apex FX Trading has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
Do not use Apex FX Trading for anything serious. I used them since last summer for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Market news feed|Economic calendar|Easy to use platform|Clean UI
Cons: Website design could be more modern|No phone support on weekends
Customer support at Apex FX Trading seems to be run by people who have never used the platform. Every time I call with an issue, I end up explaining how their own system works before they can help me. It would be funny if my money was not involved.
Pros: High security standards|Quick verification
Cons: Some tools only available on higher tiers
Apex FX Trading offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Risk management tools|API access
Cons: No crypto staking
The onboarding at Apex FX Trading was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.
Pros: No hidden fees|Stable platform|Easy withdrawals|Regular platform improvements
Cons: Currency conversion fee exists|Research section could be deeper
I wanted to transfer my portfolio from another broker to Apex FX Trading. They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Automated trading options|Dividend tracking|Quick verification
Cons: Account statements could be more detailed|Email notifications too frequent
Do not believe the bonus offer from Apex FX Trading. The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited through a forum discussion and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Regular updates|API access|Good analytical tools
Cons: Withdrawal takes 1-2 business days|Currency conversion fee exists