ANSWER Appex Finance appears to be a potential scam.This forex broker purports to be managed by KwikFlow Group LLC, a company claiming to be registered under the number 2930LLC2023 by the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA). However, the registration number for KwikFlow Group LLC listed on the SVG FSA is 2929LLC2023, not 2930. This discrepancy casts doubt on its authenticity and credibility. Even if the registration were accurate, Appex Finance would still be unlicensed as a forex broker, given that the SVG FSA does not regulate forex trading brokerage activities.Moreover, the Belgian Financial Services and Markets Authority (FSMA) has included Appex Finance in its warning list, identifying it as a fraudulent trading platform operating in the Belgian market. This further underscores the significant risks involved.Given these circumstances, we strongly recommend avoiding Appex Finance to prevent potential fraud and identity theft, as there would be no legal recourse available. For a safer trading environment, consider choosing a fully regulated broker instead.
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