APME FX
Pros and Cons
Pros
- Regulated by Cyprus Securities and Exchange Commission (CySEC)
- Diverse range of trading instruments including options, futures, and swaps
- Utilizes the widely recognized MetaTrader 5 platform
- Access to multiple account types tailored for different traders
- Customer support available via phone and email
Cons
- Lack of transparency regarding payment methods
- Unclear company policies and procedures
- No educational resources for traders
- Limited customer support availability
- Potential withdrawal fees for accounts
Basic Information
User Reviews
APME FX Overview
APME FX is a forex broker operating under the full name APME FX TRADING EUROPE Ltd, and is based in Cyprus. With an operational history ranging from 5 to 10 years, APME FX is regulated by the Cyprus Securities and Exchange Commission (CySEC), holding a Forex Execution License (STP) with the license number 335/17. This regulatory framework provides a level of oversight that enhances the safety and reliability of the trading environment for its clients.
The broker offers a diverse range of financial instruments, including options, futures, swaps, and forwards, enabling traders to engage in various trading activities. APME FX utilizes the well-regarded MetaTrader 5 platform, which is known for its user-friendly interface and advanced trading tools. Customer support is accessible via phone and email, ensuring that traders can receive assistance as needed. While APME FX presents certain advantages like regulatory compliance and a robust trading platform, potential clients should be aware of transparency issues regarding payment methods and company policies that may affect their trading experience.
Is APME FX Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| Cyprus Securities and Exchange Commission (CySEC) | Cyprus | Forex Execution License (STP), regulated operations |
Is APME FX Regulated and How Are Client Funds Protected?
APME FX is regulated by the Cyprus Securities and Exchange Commission (CySEC) under License No. 335/17, ensuring that it operates within a legal and ethical framework. This regulation enhances the safety of the trading environment for clients, as it imposes strict compliance and financial reporting standards on the broker. Client funds are subject to various protection measures, including the requirement for segregation of client funds, which helps to safeguard traders’ capital. Additionally, regulatory oversight contributes to accountability and transparency in the broker’s operations, providing clients with a level of confidence in their trading activities. However, it is essential to note that while regulation offers a degree of protection, it does not eliminate all trading risks, and traders should always be vigilant.
Trading Products and Services
What Trading Instruments Does APME FX Offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | Major Pairs / Examples | Varies |
| Commodities | Gold, Oil | Varies |
| Indices | S&P 500, NASDAQ | Varies |
| Stocks | US, UK | Varies |
| Cryptocurrencies | BTC, ETH | Varies |
APME FX provides traders with a wide array of financial instruments that cater to various trading strategies and preferences. The broker’s offerings include Forex, commodities, indices, stocks, and cryptocurrencies, allowing traders to diversify their portfolios effectively. This diversity is particularly beneficial for different types of traders, from beginners seeking to understand market dynamics to seasoned professionals looking for sophisticated trading options. By offering multiple asset categories, APME FX supports flexible trading strategies that can adapt to changing market conditions, thus providing traders with the tools they need to navigate the financial landscape successfully.
Account Types and Trading Conditions
What Account Types and Fees Does APME FX Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Retail Account | Beginners and general traders | Standard trading conditions, access to all major instruments | Suitable for traders with varying capital levels |
| Professional Account | Experienced traders | Potentially higher leverage and lower spreads | Requires proof of trading experience and volume |
| Corporate Account | Corporate clients | Customized services and support | Requires corporate documentation and verification |
| Islamic Account | Traders requiring swap-free conditions | No overnight interest fees | Must meet specific eligibility requirements |
| Demo Account | All traders | Practice trading without risk | Available for a limited time to simulate real trading |
Account Opening Process
To open an account with APME FX, traders must complete several steps. Initially, they will be required to provide personal information such as name, address, and contact details. Following this, employment and financial information must be submitted to assess the trader’s profile. Identity verification is crucial, necessitating submission of identification documents, such as a government-issued ID and proof of address, to ensure compliance with regulatory standards. APME FX offers flexibility, allowing traders to upgrade their accounts, such as moving from a retail to a professional account, as their trading experience and needs evolve.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (Major Pairs) | Varies | $0 | Competitive spreads on major currency pairs |
| Forex (Minor Pairs) | Varies | $0 | Accessible trading on secondary currency pairs |
| CFDs (Stocks) | Varies | $0 | Varied spreads based on stock volatility |
| CFDs (Indices) | Varies | $0 | Offers exposure to popular market indices |
| CFDs (Commodities) | Varies | $0 | Includes major commodities like gold and oil |
| Cryptocurrencies | Varies | $0 | Allows trading on major cryptocurrencies |
Other Fees
APME FX may charge various fees that traders should be aware of. These may include deposit and withdrawal fees, which can vary based on the payment method used. Additionally, there may be inactivity fees for accounts that remain dormant for an extended period. Platform usage fees are generally not applicable, as APME FX provides access to the trading platform at no extra cost. Overnight interest, commonly referred to as swap rates, may apply for positions held overnight, and currency conversion fees could be incurred for transactions involving different currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does APME FX Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MetaTrader 5 | Windows, macOS, iOS, Android | Secure login (2FA), multiple order types, price alerts, technical indicators | Demo accounts, VPS |
| Web Version | Any device with internet access | Secure access, market search, one-click trading | None specified |
| Mobile App | iOS, Android | Convenient login, price alerts, push notifications | None specified |
APME FX offers the MetaTrader 5 platform, which is well-suited for advanced traders needing diverse tools and features. The web version provides flexibility for traders accessing their accounts from various devices, ensuring secure connections and efficient order placement. The mobile app enhances convenience, allowing traders to manage their accounts on the go with real-time alerts and market updates, supporting fast and secure trading experiences.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | 3–5 days | No platform fee | Min 50, Max 10k/day | EUR, USD |
| Credit/Debit Card | Instant | No platform fee | Min 50, Max 5k/day | EUR, USD |
| E-wallet (e.g., Skrill, Neteller) | Instant | No platform fee, but 1.5% charge | Min 50, Max 20k/day | EUR, USD |
Minimum Deposit
The minimum deposit requirement for opening an account with APME FX is set at 50. This minimum amount remains consistent across different payment methods and account types, ensuring accessibility for all traders.
How to Withdraw
To withdraw funds from your APME FX account, follow these steps:
- Log into your APME FX trading account.
- Navigate to the ‘Withdrawals’ section.
- Select your preferred withdrawal method.
- Enter the withdrawal amount.
- Submit your request for processing.
- Wait for confirmation and processing according to the selected payment method’s timeframe.
Customer Support
APME FX Customer Support Overview
Support Channels
APME FX offers various contact methods for customer support. Clients can reach out via email at info@apmefx.com for inquiries and assistance. Additionally, support is available through telephone at +357-25-054-734. Direct phone lines for order placements can be accessed at +357-25-054-739, and faxes can be sent to +357-22-266-678. APME FX also maintains a presence on social media platforms, providing further avenues for client contact.
Service Availability
The customer support team at APME FX is available to assist clients during business hours throughout the week. While the exact hours of operation are not specified, clients can expect support during typical trading hours. Multilingual support is not mentioned, so clients may want to inquire directly about language options when contacting support.
Frequently Asked Questions
Yes, APME FX is regulated by the Cyprus Securities and Exchange Commission (CySEC) under License No. 335/17. This regulation ensures that APME FX operates within a legal framework that imposes strict compliance and financial reporting standards. Client funds are safeguarded through segregation from company funds, enhancing the security of traders’ capital.
APME FX offers a diverse range of financial instruments, including options, futures, swaps, forwards, and various Forex pairs. This extensive offering enables traders to engage in multiple trading activities and devise flexible trading strategies.
Clients can reach APME FX’s customer support via email at info@apmefx.com or by telephone at +357-25-054-734. For order placements, a dedicated phone line is available at +357-25-054-739. Additionally, faxes can be sent to +357-22-266-678.
To open an account with APME FX, traders must provide personal information, including name and address, and submit identity verification documents. The process also involves submitting employment and financial information. APME FX allows flexibility for traders to upgrade their account types as their experience and needs evolve.
Related Forex Brokers
Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.