Score

1.58 /10
Danger

APJFX

United Kingdom

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

United Kingdom Investment Advisory License Revoked

Suspicious Overrun

High potential risk

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Comparison

Quantity 9

Exposure

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Score

Regulatory Index0.00

Business Index7.52

Risk Management Index0.00

Software Index4.00

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
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Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

Alpha Jet Financial Group Limited

Company Abbreviation

APJFX

Platform registered country and region

United Kingdom

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 5
Previous Detection : 2024-11-16
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!

WikiFX Verification

Pyramid scheme complaint
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    APJFX · Company summary

    APJFXBasic Information
    Company NameAPJFX
    HeadquartersUnited Kingdom
    RegulationsNot regulated
    Account TypesStandard spread account,Mini Spread Account,VIP Account,ECN Account
    Minimum Deposit$500
    Maximum Leverage1:400
    SpreadsFrom 0.7 pips
    Customer SupportEmail (cs@apjfx.com)

    Overview of APJFX

    APJFX, headquartered in the United Kingdom, is a trading platform offering four account types: Standard spread account, Mini Spread Account, VIP Account, and ECN Account. The company operates without regulatory oversight, providing a range of trading options to cater to different investor needs and preferences.

    Overview of APJFX

    Is APJFX Legit?

    APJFX operates without regulatory supervision. This means the company's activities are not monitored or controlled by any financial regulatory body. Traders should be aware that this lack of regulation may impact the level of protection and oversight typically associated with regulated financial entities.

    Is APJFX Legit?

    Pros and Cons

    APJFX offers multiple account types, providing options for different trading styles and preferences. However, the company's unregulated status poses potential risks to investors, as there's no external authority ensuring compliance with industry standards. Additionally, the reported lack of user support may be a concern for traders seeking assistance or guidance.

    ProsCons
    • Multiple account types
    • Unregulated trading activities that could put investors at risk
    • Lack of support for users

    Account Types

    APJFX offers four account types with varying minimum deposits. The Mini Spread Account has the lowest entry point at $500, followed by the Standard spread account at $5000. Both the VIP Account and ECN Account require a higher minimum deposit of $30000.

    Account TypeStandard spread accountMini Spread AccountVIP AccountECN Account
    Minimum Deposit$5000$500$30000$30000

    Leverage

    APJFX provides different leverage options across its account types. The Standard spread account and Mini Spread Account offer the highest leverage at 1:400, while the VIP Account and ECN Account have a more conservative maximum leverage of 1:100. These options allow traders to choose a leverage level that aligns with their risk tolerance and trading strategy.

    Account TypeStandard spread accountMini Spread AccountVIP AccountECN Account
    Maximum Leverage1:4001:4001:1001:100

    Spreads

    APJFX offers competitive spreads across its account types. The VIP Account provides the tightest spreads starting from 0.7 pips, followed by the Standard spread accountfrom 1.3 pips. The Mini Spread Account has spread from 2.0 pips. Notably, information on spreads for the ECN Account is not provided.

    Account TypeStandard spread accountMini Spread AccountVIP AccountECN Account
    SpreadsFrom 1.3 pipsFrom 2.0 pipsFrom 0.7 pips

    Customer Support

    For customer support, APJFX provides an email address (cs@apjfx.com). This contact option allows clients to reach out for assistance with their trading accounts or general inquiries about the platform's services.

    Conclusion

    In conclusion, APJFX offers a range of account types with varying deposit requirements, leverage options, and spreads. However, the lack of regulation and reported issues with user support warrant careful consideration by potential traders.

    FAQs

    1. What account types does APJFX offer?

    APJFX offers Standard spread, Mini Spread, VIP, and ECN Account types.

    1. What is the maximum leverage offered by APJFX?

    The maximum leverage varies by account type, ranging from 1:100 to 1:400.

    1. What is the minimum deposit required to open an account with APJFX?

    The minimum deposit ranges from $500 for the Mini Spread Account to $30,000 for the VIP and ECN Accounts.

    Review

    APJFX brings a mix of options to the table with its four account types. The spread of minimum deposits from $500 to $30,000 means there's something for different wallet sizes. The leverage options are pretty generous, especially on the Standard and Mini accounts. Spreads aren't too shabby either, particularly on the VIP account. But here's the kicker - they're playing in the wild west without any regulatory sheriff. Plus, the word on the street is that support might be a bit thin. It's a bit of a rollercoaster-could be thrilling for some, but maybe not for the faint-hearted.

    Risk Warning

    Trading online carries inherent risks, including the potential loss of your entire investment. It's essential to recognize that online trading may not be suitable for everyone, and individuals should carefully consider their risk tolerance before participating. Additionally, please be aware that the details provided in this review are subject to change as companies update their services and policies. Therefore, it's advisable to verify the most up-to-date information directly with the company before making any trading decisions. Ultimately, the responsibility for utilizing the information in this review lies solely with the reader.

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