ApuroFX Review – is it scam or safe?

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

RATING: 1 / 0 REVIEWS

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

No news about ApuroFX. Check back later.

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Broker	Country	Regulation	Platform	Min Deposit	Review
	US	CFTC, NFA	MT4, Web, in-house	$50	Review Website
	US	NFA, CFTC	MT4	$250	Review Website
	Cyprus, UK, Mauritius	CySec, FCA, FSC	MT4, MT5, Web	$10	Review Website
	Australia	ASIC	MT4, MT5, IRESSTrader	$100	Review Website
	Cyprus, Australia	CySec, ASIC	MT4, MT5	$5	Review Website
	UK, Australia, South Africa	FCA, ASIC, FSCA	MT4, Trading Station, NinjaTrader	$50	Review Website
	UK, Cyprus, UAE, South Africa	FCA, CySEC, DFSA, FSB	MT4, MT5, FxPro Markets, cTrader	$100	Review Website
	Cyprus	CySEC	MT4, MT5, Web	$1	Review Website
	Belize	IFSC	MT4, MT5	$100	Review Website
	Cyprus, UK, South Africa, UAE	CySec, FCA, FSCA, DFSA	MT4, MT5, Web	$5	Review Website
	Cyprus, UK	CySEC, FCA	MT4, MT5	$1	Review Website
	UK	FCA	MT5	$5	Review Website
	UK	FCA	MT4, Web, MT4 for Mac	$100	Review Website
	Australia, UK	ASIC, FCA	MT4, MT5, cTrader	$200	Review Website
	UK, Cyprus, Dubai	FCA, CySEC, DFSA	MT4, MT5, Web, PrimeTrader	$100	Review Website

Traders` reviews for ApuroFX

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Price feed

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Platform

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Customer service

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