Apex Global Markets claims to offer forex and CFD trading with competitive spreads. Multiple reports indicate withdrawal blocks, manipulated trading platforms, and clone-firm tactics. Risk level: High.
What has been reported
Victims report being contacted by phone or social media with promises of high forex returns. After depositing, the trading platform shows consistent profits but withdrawals are blocked with demands for additional fees. The platform may display cloned regulatory registration numbers from legitimate authorities.
How to verify a forex broker
Check the regulator's official website directly – never use contact details provided by the platform. Look for the exact company name and registration number. Verify the website URL matches the registered entity. Clone firms often copy real company details but operate from different web addresses.
Common forex scam patterns
Cold contact through social media or unsolicited calls. Pressure to deposit quickly with limited-time offers. Requests for remote access to your computer to "help" with trading. Withdrawal conditions that change after deposit. Demands for tax or fee payments before releasing funds.
What to do if affected
Stop all communication and do not send more money. Preserve trading records, platform screenshots, deposit receipts, and all correspondence. Contact your bank about the transactions. Report to the relevant financial regulator and law enforcement. Seek a free case review to understand your options.
General educational information, not legal or financial advice. Available remedies vary; no recovery is guaranteed.
Discuss your case