BrokersView has reviewed that ApaxMarket is an Unregulated Forex Broker ApaxMarket claims it is a trustable broker with 5 years of experience while presenting no details of its regulation on the website. Lacking regulation is a distinctive characteristic of an unlicensed broker, as legit brokers always display their credentials and licenses in a prominent place. Besides, when we checked its domain, we found it was created on 8 May 2021. So where are its 5 years of experience from? It is a red flag here. What's more, this broker claims it is located in the United Kingdom. As per the United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the UK financial regulator - FCA. However, we did not find any match results to ApaxMarket in FCA. So ApaxMarket is not regulated by any regulators. Investors' money in this broker is unsafe and cannot be protected by any law. Therefore, it is a scam.
ApaxMarket
VisitRisk Level - High
ApaxMarket
Risk Level - High
Scam Evidence & Warnings
Is ApaxMarket safe and regulated by credible authority? ApaxMarket is not regulated and should be avoided at all events. ApaxMarket claims it is a trustable broker with 5 years of experience without presenting any regulatory information. Lacking regulation is a distinctive characteristic of an unlicensed broker, as licensed brokers always display their credentials and licenses in a prominent place. Besides, the domain check result of this broker shows that it was created on 8 May 2021. So where are its 5 years of experience from? It is a red flag here.Moreover, this broker claims it is located in the United Kingdom. As per the United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the UK financial regulator - FCA. However, we did not find any matching results from the FCA registry. So ApaxMarket is not overseen by any regulator. That means investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.We would recommend traders stay away from ApaxMarket and any other unregulated brokers, since they are not subject to necessary laws and principles of operation, resulting in a high risk to trade with them. View Source
WeConnectFX Support
Try asking
Welcome to WeConnectFX Support
I can help with account setup, profile changes, navigation, support contact, and general platform questions.