If we were to believe the advertisements on this company’s website, we’d come to the conclusion that they are on the forefront of online brokerage business. The incredibly profitable prospects, coupled by low costs and great conditions turned out to be a honey trap for many newcomers.

Unfortunately, behind the shiny veneer lies a predator in wait. Our Apexnumber review will debunk these swindlers once for all, and show you how to recover your money.

Unknown to Regulators

In contrast to multiple claims about the Apexnumber trading scheme being regulated, there isn’t a single proof of it to be found online.

First off, the website states that the conduct is regulated by the Financial Services Authority of the United States, but no such entity exists. Regulatory duo of CFTC and NFA supervise financial services providers in this country and Apexnumber Ltd is not a member of the licensed firm’s list.

Next there are claims about affiliation with International Capital Markets Pty Ltd, regulated in Australia by ASIC. These are also non-confirmable. The firm also states that CySEC oversees their activities as Apexnumber (EU) Ltd, but the database contains no such entry. 

A couple of other claims are added and they pertain to offshore regulations. FSA from Seychelles also doesn’t monitor their brokerage activities, despite what is claimed by the cons. As you’re already guessing, the broker is not regulated anywhere!

How Fraudsters Operate

The apexnumber.com website was created in September 2023, which explains the lack of any Apexnumber reviews. The fraud is mostly directed towards citizens of these nations:

• United States
• United Kingdom
• Jamaica
• Australia

To make the ruse seem believable, the firm employs boiler room agents to work over the potential victims. Just like with Ibinex, these agents contact the marks directly, and use pressure tactics to make them invest.

Through the combination of remote access software like TeamViewer, fear of missed opportunities and straight up harassment, these unscrupulous people are capable of squeezing anyone for money. No matter the approach, the money ends up stolen in the end. It may still be recovered, so contact our legal team for help.

Trading Leverage and Costs

The Apexnumber leverage goes as high as 1:500, and is allegedly coupled with starting spreads of 0.0 pips on FX pairs for Raw account and 0.6 pips for Standard.

To further sweeten the deal, the company allegedly offers an algo trading bot called EQUINIX NY4, but requires a 40% of the profit split as compensation. No deposit or withdrawal fees are listed on the site.

Other costs include commissions charged per traded lot, and range from $0 on standard account to 3.5% for raw spread account. MT4 Raw Spread accounts are said to incur a commission of $0.035 per side and cTrader accounts incur a $3.9 per lot per side for the benchmark EUR/USD currency pair.

Lies About Features Availability

When website visitors attempt to examine the available trading tools and software, they will be asked to register an Apexnumber login first. However, even once that condition is met, nothing new is revealed to the customers. Available software, costs and account types are something entirely different than what is advertised. 

Misleading Software Offer

The site claims that Apexnumber MetaTrader 4 and 5 is available to anyone who signs up. To spice up the offer, the fraudster also claims to allow trading on cTrader desktop and web terminal.

Once we opened a new account and got to the trading room, only a simplistic web trader built on TradingView charts was accessible. This is actually the only Apexnumber app you can use to trade binary options, place orders using dubious copy trading strategies or even employ an automated trading tool. 

Delusive Instrument Groups

The information presented on the website is in total disparity compared to details found in the user dashboard.

Here, available assets for investing are:

• Indices – Nasdaq 100, Dax 30, Nikkei 225
• Commodities – Cotton, Coffee, Silver
• Bonds – T-Bond, Euro Bund, Euro BTP
• Forex – EUR/USD, USD/GBP, USD/JPY

Users can also buy crypto currencies via a basic terminal, which means the cons have enabled digital asset stealing, as well.

Convoluted Account Selection

There’s quite a bit of information mismatch when it comes to Apexnumber account types. The website states that the accounts should be divided into several categories, by spreads and by used platforms.

This is all complete hogwash, however, as when you actually create an account you’ll be greeted with the good ol’ tiered accounts. Here’s the price overview:

• Bronze – $1,000
• Silver – $10,000
• Diamond – $20,000
• VIP – $100,000
• Pearl – Unknown

These should allegedly yield benefits, but the company never discloses any actual differences. A demo is allegedly available on demand, but our request was never processed.

Withdrawals Not Allowed

The company accepts deposits via cryptocurrency transfers (BTC, ETH, BCH, ADA, USDT) and Western Union. This should immediately set off an alarm bell, as these methods allow for a great deal of anonymity, letting the fraudsters hide from the authorities.

Apexnumber withdrawal options are much the same, with the Western Union being replaced with bank wire transfers. Without any regulation or the Terms and Conditions document, however, the company is not obligated to allow any payouts. Similarly to how Moontradex works, these charlatans will just rip you off and call it a day.

Messages Ignored

Out of several communication channels available for reaching out to the client support office, none of them work. Here is what is allegedly enabled to use and appeal to the help desk:

• Email
• Online form
• Live chat
• Direct messages

All our attempts to get in touch with support agents ended the same way – our messages were left unanswered. The field on the support page where the phone number should be is left empty.

Got Scammed? We Can Help You!

This brokerage fails to provide any verifiable legal information. The situation on their site can only be described as alarming, with the entire platform being set up to take the money and give nothing back.

If you have become a victim of such predatory entities, contact our legal team. With our help, you can start a recovery procedure and get your money back. You may reach us at any time by using the live chat on our site, and our first consultation is absolutely free.

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