ANSWER Apoliex is a non-regulated broker we advise against trading with despite the seemingly attractive deals it offers.Apoliex claims to be operated by Apoliex Global Markets Ltd., a company registered with the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA) under registration number 26278. While it is true that matching records exist in the authority's registry, investors must bear in mind that the SVG FSA has explicitly announced that it neither issues forex licenses nor regulates entities involved in such activities. Therefore, what Apoliex offers for forex and derivatives trading remain unsupervised by the relevant regulatory body.Regarding your question, Apoliex is a non-regulated broker coming with significant risks including financial losses and identity theft because it operates in the absence of proper authorization and oversight. Therefore, we strongly suggest investors stay away from unregulated brokers like Apoliex and opt for fully regulated ones instead.
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