Apex Trade FX Spot – The alleged financial service provider Apex Trade FX Spot presents itself on its website https://apextradefxspot.com/ as an online broker. Investments in cryptocurrencies are possible here. If you have invested with Apex Trade FX Spot and there are problems with the payout, the lawyers of the Herfurtner law firm are available to help you in word and deed.
Apex Trade FX Spot – Reviews
Currently, there is an enormously high number of online trading platforms such as Apex Trade FX Spot. This means that investing in the unpredictable financial markets has never been as easy but also as uncertain as it is now. Especially because there are a lot of options, choosing a provider can be time-consuming and daunting. Especially if you want it to meet your personal investment needs. Have you already invested with Apex Trade FX Spot? Then the following points are relevant for you as an investor.
- Licensed online brokers, secure provider internet sites, fees and commissions, offering options and client reviews are just a few of the features you would need to include in your irrevocable decision.
- Entry to the international stock exchanges is becoming more convenient and affordable for investors through online investing.
- In online trading, one can apply a large amount of order types.
- A suitable address for investors who want to learn about share certificates, futures, binary options and cryptocurrencies is a website like this one.
The following information is general advice for investors – regardless of the platform in which you invest money.
Does Apex Trade FX Spot have a licence from the financial supervisory authority?
Both financial markets and investor protection benefit from codes of conduct and organisational responsibilities. Bond service providers and companies such as Apex Trade FX Spot must comply with a wide range of standards of conduct. The same applies to their employees. This is to prevent conflicts and related disadvantages for investors. This includes the obligation of the service provider to inform its corporate clients about the most important features of the transaction before sealing it.
This counts for the respective investor as well as for the value investment itself. According to this very idea, supplementary information is indispensable for clients who want to engage in highly speculative or risky transactions. Companies such as Apex Trade FX Spot have a duty of care towards their clients. This goes far beyond the provision of a product or service.
Does the service provider have an authorisation to distribute financial products? You should definitely check this. For this purpose, you can use the broker check directory of a financial supervisory authority and enter the brand name of the financial service provider in the search function.
Trial investments as a lure also conceivable with Apex Trade FX Spot?
Does Apex Trade FX Spot persuade you to try out investments with a smaller amount? You cannot find any information about the service provider because it is supposedly a new company with interesting business ideas? The probability is high that the investment tip is pure rip-off. After a short time, the service provider will tell you that your investment was an enormous success and ask you to increase your investment.
The success of your trial investment may tempt you to make further investments. Here are some examples of dubious investment tips:
- “Would you like to convert €1000 into €250,00.00?”
- “5-star stock with a profit share of 47.88%”
- “With the fully automatic share profit method you make 3500.00 EUR in a calendar month!”
- “With just 5 minutes of your life you can become a stock market billionaire.”
Anyone who guarantees too much, and that too unsolicited, is rarely trustworthy! So also check which promises and offers are made to you by the broker Apex Trade FX Spot.
Ponzi scheme: How it works
A pyramid scheme, or Ponzi scheme, is a type of capital fraud. In this, money is collected from new investors and then applied to pay out money to the original victimised individuals. The masterminds of Ponzi schemes not infrequently stress that they would invest your capital and earn enormous returns without putting your money at risk.
Nevertheless, in many Ponzi schemes, the fraudsters do not actually invest the money they receive. Instead, it is used to compensate people who previously paid in. This way, the perpetrators can keep some of the funds for themselves. So pay attention to the risk-reward ratio in all investments – including Apex Trade FX Spot. Ponzi schemes need a constant inflow of new assets to keep running, as they have low or no real profits.
Many of these schemes fail when it becomes onerous to attract fresh investors or when a considerable number of investors drop out. In the event that you want to invest money with a company like Apex Trade FX Spot, you should invariably act with caution. Among the pointers you should look out for are:
- Selling without a licence: investment professionals and firms must be licensed or registered, true to federal and state securities regulations. The most common Ponzi schemes involve unlicensed people or companies.
- Strategies that are not easy to identify. Keep your money out of the stock market unless you know enough about it.
- Risk-free profits with little or no volatility. Every investment contains some risk, and the riskier an investment is, the more likely it is to produce a high return.
- Is there a problem with the documentation? If your bank statement reveals errors, it may be an indicator that your assets are not being invested properly.
- Investments that are not registered with financial regulators. In the most common cases, Ponzi schemes are unregistered investments that are not controlled by government authorities such as Bafin.
Cybertrading – what makes it so risky
Classic investment fraud is carried out using well-known methods such as advertising, telephone canvassing or stock market letters. When it comes to conducting fraud, the old-fashioned method is quickly becoming obsolete in the online age. The new type of investment fraud could be described as “cybertrading”. Investment products are traded here fraudulently via the World Wide Web.
Fraudulent investments include financial products such as contracts for difference and virtual currencies. The services of Apex Trade FX Spot have also been used by other providers in a comparable manner to lure investors into the trap. Investors are increasingly enquiring about investment opportunities themselves on the internet. Thus, people rely on their own expertise or on the advice of others in blogs, forums and other online portals when making their decision.
The shift to increasingly different financial products has no long-term effect on the illegal activities related to the organisational structure. Since the mafia crime rings rely on already existing and widely recognised infrastructures, there is no need to switch to a new “business model”. No matter what kind of financial product is traded, the process of cybertrading is almost identical.
These investment products are penetratingly advertised on social media social media platforms such as Facebook or with affiliate marketing. In this context, it revolves almost exclusively around the presentation of enormously high profits. Determine the probability of earning high profits on Apex Trade FX Spot before investing capital.
Exit alternatives – which are difficult to identify
Make sure you know when and how much money is paid out. At best, avoid long-term contracts that cannot be terminated prematurely or where you would suffer immense economic losses. Only enter into long-term contracts without early termination options with providers like Apex Trade FX Spot whose credibility you have no doubts about.
Even if you have the chance to waive a contract at any time or to terminate it over an agreed period, you should be sceptical. Even when these points are given, you are still vulnerable to monetary damages. Make sure you know in detail how much capital you will recover if the investment goes wrong. The provision below applies to transactions in securities: Before the end of the contract period, find out what options are open to you to get rid of a share certificate.
It is often important to know whether there is a liquid market for offers such as those offered by Apex Trade FX Spot. It is possible to sell securities through a broker or a financial institution. All 3 options are permitted for placing a sell order. The actual selling process is therefore carried out via an exchange (e.g. Berlin, Stuttgart, Frankfurt, Tradegate or Xetra) (e.g. for penny stocks).
With order supplements, the execution of the order can be controlled in advance. The sale of the securities takes place at a time and place determined by you.
What to do in case of losses with Apex Trade FX Spot?
Precautions must be taken as soon as possible if the suspicion is confirmed that a service provider is not acting in accordance with the regulations and the risk exists that the online broker will refuse to pay out profits. In addition to a criminal complaint and a report to the financial supervisory authority, the online broker should also be held legally accountable if necessary.
This involves reviewing the contractually agreed claims against the financial service provider as well as any chances of compensation. In the case of money transactions, it is also essential to check whether financial institutions can be held responsible in the event of an error. Claims for compensation against financial institutions can arise, for example, in the case of money laundering or other illegal activities.
However, this needs to be reviewed depending on the context at hand. As soon as your broker delays payment, you should contact an experienced law firm immediately:
- Outline the facts of the case to our lawyers in an email
- Tell us how long the online broker has been delaying the payment
- Give us the names and contact details of all the people you have spoken to
We will provide you with a free initial assessment in relation to Apex Trade FX Spot. We will also let you know as soon as possible whether we believe you have a realistic chance of recovering your losses.