ApuroFX offers three types of live trading accounts with roughly the same trading conditions, except the minimum deposit. According to the broker’s site, clients can choose their leverage when opening an account. There is also a free demo account and a dedicated automated trading account.
The broker’s tradable portfolio consists of forex pairs and CFDs on oil, gold and silver.
ApuroFX says it offers VPS and a MasterCard co-branded credit card.
The company. Security of funds
Company Country Regulation
Apuro Holdings Limited Hong Kong? None
ApuroFX has been around for quite a while, obviously targeting clients in China and Hong Kong, Japan and South Korea. There is no information about the physical location of the owning company, nor about regulation. The broker has been in the watchdogs’ sights at least since 2015, when the Japanese regulator warned that it is illegally targeting Japanese residents. Then, in March 2017 two more watchdogs issued warning – Sweden’s Finans Inspektionen and Hong Kong’s SFC, which said the Hong Kong address the broker provides is that of a secretarial firm and its true location is not known.
Even without those warnings, ApuroFX seems rather dubious, but the fact that there is not much information about the company and no regulation, strongly suggests the broker is most likely a scam and should be avoided at all costs.
Though the regulation does not guarantee no risk in trading, dealing with properly regulated brokers is less risky, at least in terms of rules and client protection. Some regulators, like UK’s FCA and the Australian Securities and Investment Commission (ASIC), are better than others and have very good reputation, so we recommend dealing with brokers under their supervision.
ApuroFX provides the popular MetaTrader 4 (MT4) as a trading platform. This is no surprise, considering that MT4 is liked both by traders and brokers for its ease of use, analysis and charting tools, multiple functions, support of third-party add-ons, automated trading and Expert Advisors and stability. MT4 allows hedging, development of own trading strategies and money management accounts.
The broker accepts payments through bank transfer and credit and debit cards. There are also the options to make a deposit through the online payment systems PayPal, WebMoney and Rackspace and the wire service Western Union.
ApuroFX Review Conclusion
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