Overview of APX Capital
APX Capital, founded in 2023 and headquartered in Saint Lucia, provides a comprehensive platform for traders to engage in forex, metals, CFDs, and spot FX trading. Despite lacking regulatory oversight, the company offers diverse account types including Cent, Standard, and ECN, with competitive spreads starting from 0.1 pips and maximum leverage of up to 1:2000. Traders can access the widely-used MetaTrader 4 (MT4) platform for their trading needs. While APX Capital does not provide bonus offerings, it maintains customer support through telephone and email channels, aiming to cater to the needs of traders with varying experience levels and preferences.
Is APX Capital Legit？
APX Capital lacks regulation, signifying its operation without oversight from recognized financial regulatory authorities. Traders should proceed with caution and acknowledge the associated risks when contemplating trading with an unregulated broker like APX Capital. These risks include limited avenues for dispute resolution, potential concerns regarding fund safety and security, and a lack of transparency in the broker's business practices.
Pros and Cons
APX Capital offers a range of account types, including Cent, Standard, and ECN, accommodating diverse trading styles. Additionally, the competitive spreads starting from 0.1 pips make trading with APX Capital cost-effective. The high leverage of up to 1:2000 provides traders with the opportunity for potentially larger profits. However, the absence of regulatory oversight raises transparency concerns, and the limited education resources may hinder traders' learning and development. Furthermore, ECN accounts incurring an $8 commission per lot traded could increase trading costs for some users.
Trading Instruments
APX Capital offers a range of trading instruments including over-the-counter contracts for foreign currency, precious metals, contracts for difference (CFDs), and spot foreign exchange contracts (Spot FX).
Here is a comparison table of trading instruments offered by different brokers:
Account Types
APX Capital offers three main account types: Cent (minimum deposit from $10), Standard (minimum deposit from $15), and ECN (minimum deposit from $100). These accounts cater to different trading preferences and strategies, providing varying features and benefits to suit the needs of different traders.
Leverage
APX Capital offers high leverage options across its account types, with leverage ratios of up to 1:2000 available. The Cent account provides leverage up to 1:1000, the Standard account offers up to 1:2000, and the ECN account offers leverage up to 1:500.
Here is a comparison table of maximum leverage offered by different brokers:
Spreads and Commissions
The spreads start from as low as 0.1 pips. Additionally, there are no commissions for trading on Cent and Standard accounts. However, for ECN accounts, there is a commission of $8 per lot traded.
Trading Platforms
APX Capital offers MetaTrader 4 (MT4), a popular and free forex trading platform by MetaQuotes. MT4 provides robust tools for monitoring and managing forex accounts, including real-time market analysis. Traders can download MT4 for Windows, Android, iPhone iOS, and through APK download.
Customer Support
APX Capital provides customer support through telephone at +381 11 6906 507 and via email at info@apxcg.com. The company's operating address is Vladimira Popovica 38-40 Sprat:2 Business Park 19 Avenue Stan:Lok BG-N Beograd / Serbia. Additionally, they have an address at 1st Floor, The Sotheby Building, Rodney Bay, Gros-Islet, Saint Lucia P.O. Box 838, Castries, Saint Lucia.
Conclusion
In conclusion, APX Capital presents itself as a viable option for traders seeking diverse account types, competitive spreads, and high leverage opportunities. However, the absence of regulatory oversight raises transparency concerns, and the limited education resources may hinder traders' learning and development. Additionally, the commission charged on ECN accounts could increase trading costs for some users. Despite these drawbacks, APX Capital offers cost-effective trading options and the widely-used MetaTrader 4 platform, making it a consideration for traders looking for accessible trading opportunities.
FAQs
Q: What types of accounts does APX Capital offer？
A: APX Capital provides Cent, Standard, and ECN account options to suit various trading preferences.
Q: What are the minimum deposits required for each account type at APX Capital？
A: The minimum deposit for Cent accounts is $10, for Standard accounts is $15, and for ECN accounts is $100.
Q: How competitive are the spreads at APX Capital？
A: APX Capital offers competitive spreads starting from as low as 0.1 pips.
Q: Is there a commission charged on trading with APX Capital？
A: While there is no commission for Cent and Standard accounts, ECN accounts incur an $8 commission per lot traded.
Q: What customer support channels are available at APX Capital？
A: Customers can reach APX Capital's support team via telephone at +381 11 6906 507 or email at info@apxcg.com.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
