Reported as a scam / unregulated
Why Apex500 is on the register
Apex500 shows that it has thousands of grateful clients and provides competitive trading conditions. However, when we checked its domain, the result shows the firm was newly created on 2021-11-5. How it can reach these figures in about 2 months? Thus, there is the highest possible level of caution for you when dealing with Apex500. Besides, we found Apex500 has no regulation license. What’s more, the broker shows that its headquarter is at Bockenheimer Landstraße 51, 60325 Frankfurt am Main, Germany. If you are a forex trader, no matter a fresh one or an experienced one, you must know the two basic essential things about trading with German reliable broker: 1)to operate in Germany, a broker needs to have a license; 2)the regulatory body that oversee the German markets is BaFin. It has rectified its operational procedures and is considered to be among the best regulatory agencies in the retail FX trading industry. After checking on the BaFin, we found out that there is no mentioning of Apex500 company there. That means Apex500 has neither registration nor regulation. Therefore, it is a scam broker.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.