Fair evaluation of Apex Crypt: review of trading conditions, reviews

Attention! The company is suspected of fraud

Fraudulent brokers often try to arrogate to themselves high ranks and connections with well-known financial institutions. Judging by the number of reviews from deceived customers, many beginners fall for this bait. They only understand that they have fallen into a scam when they are left with an empty wallet. In this review, we will talk about the Apex Crypt broker, which has all the signs of a “kitchen”. Despite the fact that the office has been operating since 2018, there are actually no reviews of cooperation with it. Why is that? We have already encountered this when we prepared previous reviews of fake brokers. Most likely, the authors of apexcrypt.com just clean up the negative reviews to hide the truth.

Company Information Apexcrypt LTD

When preparing a review of the Apex Crypto broker, we decided first of all to check the information about its parent company. The launch date of the project could not be found on the official website, and for some reason the “About Us” tab tells the story of the creation of Commonwealth Bank, which was established in 1911, its founders and main divisions. 

What is the connection between this institution and the forex broker from our review, we failed to catch. It seems that the scammers simply copied information from Wikipedia and posted it on their resource in order to hang noodles on the ears of potential victims. 

The legend of Apex Crypt is crumbling before our eyes when you start to study the information on the official website of this sharaga in more detail. It turns out that the office received a residence permit in an offshore jurisdiction (in the Marshall Islands). Trust Company Complex, Ajeltake road, Ajeltake Island, Majuro, Marshall Islands, MH96960 - this address is well known to us from the experience of writing previous reviews, as it is indicated by various pseudo-brokers (AzaForex Broker, Strade24, Infinitrade, CodexFx and other fake intermediaries, about which lots of negative reviews.

Nothing is known about the management of Apex Crypt. Rogues prefer to remain anonymous. Instead of their names, they indicate top managers of Commonwealth Bank. It is unlikely that the executives of one of Australia's largest financial institutions are aware of this. It is clear that when the deposit is drained, no one will compensate for the damage and return the capital.

Plus, during the preparation of the review, we found out that the sharashka office does not have any permissions for brokerage. Apex Crypt scammers were even too lazy to draw a registration certificate and a license in Photoshop in order to somehow win over traders. They are counting on newcomers who may not pay attention to the lack of permits.

As for contact information, the Apex Crypt pseudo-broker website lists the following communication channels:

• email address: [email protected];
•  phone number: +441420358246.

In addition, the web resource has a feedback form that charlatans have placed on virtually every page of apexcrypt.com. This was not done for the benefit of customers and the desire to help them in solving complex issues. When sending a message to Apex Crypt admins, you will have to provide contact information, which scammers will then use for personal purposes. The most innocuous are annoying calls from other black brokers and spam mailings. On thematic forums, we have repeatedly seen feedback from traders who have encountered this.

How to create an account on apexcrypt.com?

To open a trading account on "Apex Crypto" you need to register. The procedure is simple and involves filling out an electronic questionnaire, which requires you to specify:

• first and last name;
• E-mail address;
• password for further access to your personal account;
• date of birth;
• phone (you must first select the country of residence so that the number is recorded in the international format).

When writing the review, we saw reviews in which users complained about the leakage of personal information of Apex Crypt customers on the dark web. Most likely, this is the work of the authors of the scam project themselves, who decided to earn extra money by reselling the personal data of traders to other black brokers.

Detailed review of the user agreement "Apex Crypto"

Before registering on the Apex Crypt site, we recommend that you review the client agreement, as well as other documents. Based on the feedback of experienced traders, this will help to avoid many troubles.

We carefully studied the user agreement and selected several points that indicate fraud on the part of the company:

• clause 2.2 - Apex Crypt declares that it does not provide a "trust management" service and does not make recommendations regarding trading. This is a blatant lie! Immediately on the site it is indicated that the assistance of a personal manager is provided, and the broker is ready to take your funds under management. Most likely, Apex Crypt admins simply copied the document from other scammers and did not notice the oversight;

• clause 2.4 - the Apex Crypt broker nevertheless provides recommendations, but it is not going to bear responsibility for their consequences. The trader will have to take the blame for draining the deposit;

• paragraph 4.2 is a “subtle hint” that the Apex Crypt pseudo-broker is going to drive the trader into a debt hole. Bonuses will be imposed on him and then they will be forced to work out. If nothing happens, there will be a "mutual repayment of obligations";

• clause 10.2 - Apex Crypt fake broker makes clients completely powerless. The fake intermediary has the right to close transactions without notifying customers, deduct any amounts from the account, block the account;

• clause 13.2 - the "crown" of any fraudster. This is a complete removal of responsibility for losses caused to customers and lost profits.

When registering on the Apex Crypt site, the client must immediately understand the possible risks.

What does Apex Crypt offer: product overview, trading accounts

Apex Crypt's official website has a "Products" tab, which indicates that the firm specializes in:

• crypto funds;
• algorithmic trading;
• bonds;
• trust management.

Potential clients are promised high-quality training (video tutorials, electronic materials, etc.), analytical tools, professional advice, but in reality, all this turns out to be fake. The pseudo-broker is playing a dishonest game, and it forces traders to risk funds from the start, which is also confirmed by the reviews of ex-clients. There is no demo account on the platform, only trading accounts.

• "Start". The entry threshold is $250. Traders have access to 100 assets, training courses, and analytics. According to the regulations, withdrawal requests are processed within 5 days, however, in the reviews, customers note constant problems with withdrawing funds;
• "Standard". To open such an account, you will need 10 times more than for the previous one. At the same time, the difference is only in the presence of algorithmic signals and that the withdrawal request is promised to be processed within three days;
• "Optimal". Starting deposit - from 10,000 dollars. Of the features: access to analytics and trading paired with a professional trader, no commission when withdrawing funds, accelerated withdrawal (they promise to pay within two days);
• "Gold". The minimum deposit is $25,000. Of the features: 1 risk-free transaction, drawing up a business plan for half a year, ready-made trading solutions;
• VIP. To open such an account, you need to deposit a minimum of $50,000. It differs from the previous type of account in that analytics is provided daily, a business plan is designed for 12 months, there is a ready-made trading portfolio, individual investment models and 24/7 communication.

In those rare customer reviews that we managed to find, people write about distrust of the pseudo-broker's promises. In fact, the only available account in the line of proposed "Apex Crypt" is "Standard".

Apex Crypt ex-customer reviews

How did a charade like Apex Krypt manage to stay on the market for a couple of years? It's simple: the managers of this fraudulent company actively clean up negative reviews and do not let the truth get out. They do their best to keep their reputation at least neutral.

Reviews about this pseudo-broker can be counted on the fingers of one hand. There is nothing to praise him for, but the employees remove the negative. I managed to find only July posts:

Divorce scheme: how do they hang noodles on their ears in Apex Crypt?

"Apex Krypt" from the start fills up potential customers with empty promises. Those who take the bait are being promoted to invest. Believe me, the pseudo-broker recruits only experienced breeders into his team, who will easily find the "key" to each user.

Beginners will be offered free training and will be provided with the help of mentors. You should not trust the recommendations of "experienced specialists", since they have one goal - to rob customers as quickly as possible. To simplify their task as much as possible, scammers have developed an “author's” terminal. Judging by the reviews, this is a manipulated software that is under the complete control of scammers.

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Apex Crypt review summary

There are very few reviews about this office to give an independent assessment of cooperation with it. However, based on the results of the review, we came to an unequivocal opinion: Apex Krypt is another scam. The pseudo-intermediary has a false legend, no documents for brokerage activities and onerous conditions for cooperation. Investing funds here = 100% their loss.