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Review: ApxPrimeOptions LTD – A Dubious Online Trading Platform
Are you considering ApxPrimeOptions LTD for your online trading needs? In this review, we’ll dive into the key aspects of this company, such as regulation and compliance, customer reviews, products and services, location, and customer service, to help you make an informed decision about whether or not to invest with them.
Regulation and Compliance:
One of the foremost factors when evaluating an online trading platform is its regulatory status. ApxPrimeOptions LTD claims to be regulated by prestigious entities like the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC) in Cyprus, and the Australian Securities and Investments Commission (ASIC) in Australia. However, our investigation reveals that ApxPrimeOptions LTD is not registered with any of these reputable regulatory bodies. In fact, the FCA has explicitly issued a warning against ApxPrimeOptions LTD, labeling it a “clone firm” that dupes customers by impersonating a genuine FCA-regulated entity. This suggests that ApxPrimeOptions LTD is operating unlawfully and without any oversight.
A valuable method for assessing the credibility of an online trading platform is through customer reviews. ApxPrimeOptions LTD showcases testimonials from purportedly satisfied customers on its website. However, these testimonials lack independent verification and are highly likely to be fabricated. Furthermore, negative reviews and complaints about ApxPrimeOptions LTD can be found on various websites and forums, including Trustpilot, Forex Peace Army, and Scamwatch. Customers have reported issues like difficulties in withdrawing funds, aggressive sales tactics, subpar customer service, misleading promises, and account manipulation.
Products and Services:
ApxPrimeOptions LTD advertises a range of products and services for online trading, such as access to multiple markets and instruments, advanced trading tools, educational resources, bonuses and promotions, and professional account managers. Unfortunately, these claims are unsubstantiated and lack supporting evidence. The company doesn’t disclose important details about its trading platforms, fees, commissions, spreads, leverage, margin requirements, or withdrawal policies. Their educational resources are rudimentary and don’t stay current with industry trends. Bonuses and promotions come with onerous terms and conditions, making it nearly impossible for customers to withdraw their funds or profits. The so-called account managers appear more like sales agents, pressuring customers to deposit more money or upgrade their accounts without the requisite trading expertise.
ApxPrimeOptions LTD asserts that it has headquarters in Johns Creek, GA, United States, but this address doesn’t correspond to any registered business entity. Additionally, their claimed offices in London, Sydney, and Nicosia appear to be virtual offices or shared spaces not genuinely affiliated with the company. There is no concrete physical presence or representation in any of these locations, and their phone numbers and email addresses often prove unreliable and unresponsive.
ApxPrimeOptions LTD touts a dedicated and professional 24/7 customer service team available through phone, email, live chat, or social media. Regrettably, this claim falls far short of reality. Many customers have reported their inability to reach the company’s representatives or receive assistance. Complaints and queries are left unanswered or receive unprofessional and evasive responses. ApxPrimeOptions LTD’s customer service is inconsistent, unhelpful, and frequently unresponsive.
After a thorough examination of ApxPrimeOptions LTD’s regulatory compliance, customer feedback offered products and services, claimed locations, and customer service performance, it is evident that ApxPrimeOptions LTD is a deceitful and fraudulent enterprise that should be avoided at all costs. The absence of regulatory oversight, coupled with fabricated information and a history of unethical practices, underscores the untrustworthiness of this company. Customers are advised to steer clear of ApxPrimeOptions LTD and promptly report any contact from them to the relevant authorities.