ApaxMarket is not regulated and should be avoided at all events. ApaxMarket claims it is a trustable broker with 5 years of experience without presenting any regulatory information. Lacking regulation is a distinctive characteristic of an unlicensed broker, as licensed brokers always display their credentials and licenses in a prominent place. Besides, the domain check result of this broker shows that it was created on 8 May 2021. So where are its 5 years of experience from? It is a red flag here.
Moreover, this broker claims it is located in the United Kingdom. As per the United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the UK financial regulator - FCA. However, we did not find any matching results from the FCA registry. So ApaxMarket is not overseen by any regulator. That means investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.
We would recommend traders stay away from ApaxMarket and any other unregulated brokers, since they are not subject to necessary laws and principles of operation, resulting in a high risk to trade with them.
