APG Prime highlights itself as a reputable forex broker that provides traders in international markets with a range of financial products, including shares, indices, precious metals, forex, and CFDs. The company also claims to be licensed by the U.S. National Futures Association (NFA). Nevertheless, it is clear from a careful examination that APG Prime is not regulated or approved by the NFA, which renders these assertions false. The purpose of this APG Prime review is to draw attention to the broker’s dishonest business methods and potential dangers to investors.
Website – https://apgprime.com/
Website Availability – Yes
Address – NA
Blacklisted Status – Not Recommended By Review Website Like Scam Help Center
Domain Age Information –
- Domain Name: apgprime.com
- Registry Domain ID: 2876709391_DOMAIN_COM-VRSN
- Registrar WHOIS Server: whois.godaddy.com
- Registrar URL: https://www.godaddy.com
- Updated Date: 2024-04-29T05:30:28Z
- Creation Date: 2024-04-29T05:30:27Z
- Registrar Registration Expiration Date: 2025-04-29T05:30:27Z
False Licensing and Misleading Information
The NFA license that APG Prime claims to have is one of the main red flags surrounding the company. An NFA license would indicate that the broker complies with stringent financial standards, as the NFA is a very respected regulatory authority. But APG Prime’s assertion is wholly untrue. After further inquiry, it was discovered that the ID given was phony and the company was not approved by the NFA.
Fraudulent brokers frequently employ this fictitious license claim as a means of gaining the confidence of prospective investors. It is a strong indication that APG Prime is not a trustworthy platform, and traders should exercise great caution when dealing with such firms.
Lack of Regulation and Investor Protection
Apart from the fraudulent NFA license, APG Prime is not subject to any official financial authority regulation. The broker is not overseen by any regulatory agency, which makes this lack of control a serious risk. Without regulation, investors’ money is greatly at risk and they are not shielded from dishonesty or fraud.
Unregulated brokers like APG Prime can manipulate trades, withhold withdrawals, or even disappear with clients’ money, leaving investors with no legal recourse. Since the company is not under any financial watchdog, it operates without transparency, accountability, or consumer protection.
Unsafe for Investors
Given the absence of proper regulation, entrusting APG Prime with your money is incredibly unsafe. There are no laws in place to protect your investments, and you risk losing your capital without any possibility of recovering it.
In conclusion, APG Prime is a fraudulent and unregulated broker that uses false claims of NFA licensing to lure in unsuspecting traders.
Final Conclusion- Is APG Prime a fraudulent or legit broker?
Investors are advised to exercise extreme caution and consider choosing forex trading platforms with proper regulatory licenses and a strong reputation in the trading community.
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