Apex Tecrypto Tactics – Can You Trust Them?
Stop! It’s a Scam! Your money is not safe if you are trading with this unregulated, off-shore broker.
Apex Tecrypto Tactics - DO NOT TRADE WITH THIS PROVIDER
2.4/10
$100
Minimum Depositupdated 2023
The details for opening trading accounts are not indicated on the broker’s website. In order to register with this broker, you only need to go to their sign-up page where you’ll be asked to enter your name, email address, phone number, and password. You’ll also be asked to accept their Terms and Conditions and confirm that you’re over 18 years of age. After this, the trading platform will be made available for you and you can start trading using their demo account.
Try these regulated brokers if you want to start trading cryptocurrencies
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.
Website URL: https://apextecryptotactics.com
Founded: 2022
Regulations: Unregulated
Languages: English
Deposit Methods: Cryptocurrencies
Minimum Deposit: $100
Free Demo Account: Not Provided
Number of Assets: 35
Types of Assets: Commodities, Cryptocurrencies, Foreign Currencies, Stocks
Trading Accounts and Conditions
Apex Tecrypto Tactics does not offer their clients trading accounts. Instead, clients are offered investment plans:
- Silver Plan: The minimum investment requirement is $100. You are promised a 15% total profit. The maximum deposit is $19,999. You get a 10% Referral bonus.
- Gold Plan: The minimum investment requirement is $20,000. You are promised a 30% total profit. The maximum deposit is $44,999. You get a 10% referral bonus.
- Diamond Plan: The minimum investment requirement is $45,000. You are promised a 45% total profit. The maximum deposit is $1,000,000. You get a 10% referral bonus.
- Fixed Plan: This is a 30-day plan with a promise of a 360% profit. The minimum deposit is $50,000 and the maximum is $1 million. There is a 10% referral bonus.
No trading conditions are mentioned.
Apex Tecrypto Tactics – Advantages
There are no advantages to trading with Apex Tecrypto Tactics.
Apex Tecrypto Tactics – Disadvantages
Here is the list of reasons why it would be dangerous to trust Apex Tecrypto Tactics:
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Lack of Regulation
The first sign that Apex Tecrypto Tactics is a dangerous entity is their lack of regulation.
Legitimate brokers provide all corporate details – their company name, their contact details, location and, most importantly, their registration number and the name of the authority that regulates them.
With Apex Tecrypto Tactics, we get none of this information. We do not know the name of the company that runs this brokerage. We are given a UK address and telephone number. But that telephone number belongs to a company called Bitnox. And, critically, there is absolutely no information about their registration and license.
We checked the Financial Conduct Authority’s website; the FCA is the UK’s financial regulator and anyone can visit their website and get information about brokers regulated by them. We checked the FCA’s website and found that Apex Tecrypto Tactics is not registered with them. And since this broker did not mention any other regulator, we can safely assume that this broker is not regulated and is operating illegally. And this makes this broker a scammer.
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.
The company was created as a combined effort of financial professionals and experts in web-commerce with the goal of perfecting the online experience for retail traders.
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Warning by FCA
The FCA, one of the most respected and stringent financial regulators in the world, has, of course, caught Apex Tecrypto Tactics’ scam. The regulator has issued a stern warning against this broker.
The FCA has warned all traders that this broker is operating in the UK illegally and that they are most probably scammers. The authority also states that if traders do business with this broker, then they will lose all protection from the FCA.
Such a warning needs to be taken seriously.
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Issues with Trading Platform
When you deal with a real broker, they will splash information about their trading platform everywhere on their website. This is because the trading platform is a broker’s mainstay. Without their trading platform, they have nothing to offer. Besides the publicity, legitimate brokers also offer their prospective clients the chance to try out their platform by allowing them to use a free demo account. Traders get a chance to check out that broker’s platform and also test their trading conditions.
With Apex Tecrypto Tactics, there is no mention of a trading platform anywhere on their website. We have no idea what kind of a trading platform they offer. Additionally, not only is there no demo account, but this broker demands that you deposit money in your account before you are allowed to see their trading platform. This means that until you pay this broker, you do not get to see their trading account. And this clearly tells us that this broker is a scammer; no legitimate broker would do something like this.
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No Trading Conditions
The partner to the trading platform is a broker’s trading conditions. One is useless without the other, however, each needs to be discussed separately.
Legitimate brokers will clearly outline their trading conditions – you know what you can expect from them. You will know the cost of a trade (spreads plus commissions), you will know the risk levels offered (leverage), you will know how the orders are executed and how long each order will take to execute and so on.
With scammers, this information is usually not provided – as in the case of Apex Tecrypto Tactics. We know nothing about their trading conditions. The only piece of information we are given is their minimum investment requirement.
This lack of information is a clear indication of this broker’s scam.
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Profits Promised
Apex Tecrypto Tactics does not offer their clients the expected trading account types. Instead, this broker offers us Investment Plans where the broker guarantees us a total profit on our investments. This is a huge red flag and immediately tells us that this broker is a scammer.
There is no broker that can promise profits since the markets themselves are so volatile that losses are more frequent than gains. Therefore, regulated brokers are required by the authorities to publish how many of their clients have lost money on the market. This figure is usually presented in percentages and it ranges from 75% to 85% – a substantial amount.
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Payment Issues
The only way that you can make payments is using digital currencies, which is another warning sign that we are dealing with a scammer. Crypto payments are naturally anonymous and permanent. So, if you are dealing with a trusted party, there is nothing to worry about. However, if you are dealing with a new broker or an untrusted one such as Apex Tecrypto Tactics, then it is dangerous. If you are scammed, there is no way that you can ever get your money back. And this is why cryptos as a sole payment option is an indication of a scam.
Conclusion
Apex Tecrypto Tactics is a scammer.
Apex Tecrypto Tactics
Pros
- None
Cons
- Lack of Regulation
- Warning by FCA
- Issues with Trading Platform
- No Trading Conditions
- Profits Promised
Do not trade with unregulated brokers that will steal your funds - try these regulated brokers:
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.
The company was created as a combined effort of financial professionals and experts in web-commerce with the goal of perfecting the online experience for retail traders.
eToro is a multi-asset platform which offers CFD and non CFD products. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.