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ApuroFX Review – is it scam or safe?

ApuroFX Review  – is apuroforex.com scam or good forex broker?

RATING: 1 / 0 REVIEWS ApuroFX
ApuroFX is an offshore broker. Your money is not safe.

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Trading accounts and conditions

 

Account type Minimum deposit Minimum trade size Maximum leverage Average spreads
Micro $300 0.1 lot   2 pips
Mini $500 0.1 lot   2 pips
Standard $1000 0.1 lot   2 pips

 

ApuroFX offers three types of live trading accounts with roughly the same trading conditions, except the minimum deposit. According to the broker's site, clients can choose their leverage when opening an account. There is also a free demo account and a dedicated automated trading account.

 

The broker's tradable portfolio consists of forex pairs and CFDs on oil, gold and silver.

 

ApuroFX says it offers VPS and a MasterCard co-branded credit card.

 

 

The company. Security of funds

 

Company Country Regulation
Apuro Holdings Limited Hong Kong? None

 

ApuroFX has been around for quite a while, obviously targeting clients in China and Hong Kong, Japan and South Korea. There is no information about the physical location of the owning company, nor about regulation. The broker has been in the watchdogs' sights at least since 2015, when the Japanese regulator warned that it is illegally targeting Japanese residents. Then, in March 2017 two more watchdogs issued warning – Sweden's Finans Inspektionen and Hong Kong's SFC, which said the Hong Kong address the broker provides is that of a secretarial firm and its true location is not known.

 

Even without those warnings, ApuroFX seems rather dubious, but the fact that there is not much information about the company and no regulation, strongly suggests the broker is most likely a scam and should be avoided at all costs.

 

Though the regulation does not guarantee no risk in trading, dealing with properly regulated brokers is less risky, at least in terms of rules and client protection. Some regulators, like UK's FCA and the Australian Securities and Investment Commission (ASIC), are better than others and have very good reputation, so we recommend dealing with brokers under their supervision.

 

 

Trading platform

 

ApuroFX provides the popular MetaTrader 4 (MT4) as a trading platform. This is no surprise, considering that MT4 is liked both by traders and brokers for its ease of use, analysis and charting tools, multiple functions, support of third-party add-ons, automated trading and Expert Advisors and stability. MT4 allows hedging, development of own trading strategies and money management accounts.

 

 

Payment methods

 

The broker accepts payments through bank transfer and credit and debit cards. There are also the options to make a deposit through the online payment systems PayPal, WebMoney and Rackspace and the wire service Western Union.

 

 

Conclusion

 

ApuroFX is a very dubious forex broker and we advise our readers to avoid it. Its trading conditions are not that attractive to be worth the risk.

 

Pros Cons
  Unregulated
  Multiple warnings against it
  High deposit

 

 

Latest news about ApuroFX
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Traders` reviews for ApuroFX

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