ApeX Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- ApeX Pro
- Only three cryptocurrencies are available for trading, staking is available (limited-time offer)
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- ApeX Pro
- Only three cryptocurrencies are available for trading, staking is available (limited-time offer)
Our Evaluation of ApeX
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
ApeX is a cryptocurrency exchange with higher-than-average risk and the TU Overall Score of 4.4 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by ApeX clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
ApeX is an exchange with a small choice of assets, no minimum deposit requirements and proprietary trading platform. Due to a limited choice of cryptocurrencies, this exchange is not for every trader, but will definitely be interesting to those interested in trading ETH, WBTC, iZi (Izumi Finance) with leverage.
Brief Look at ApeX
ApeX is a decentralized exchange launched in December 2021. The platform provides access to trading cryptocurrencies directly without intermediaries, including with leverage. APEX is the governance token of the exchange with a protocol that runs on the Ethereum blockchain through perpetual smart contracts. Clients of ApeX can earn passive income by holding the governance token in their internal wallet. The exchange offers Apex Pro, a proprietary web platform, and Android and iOS apps for trading and money management. All clients of ApeX – takers and makers – pay the same transaction fee.
- Any minimum investment amount;
- Low trading fees;
- Availability of leverage;
- Passive income by staking the governance token;
- Referral program with two types of rewards;
- It is not mandatory to register on the exchange; users only need to link their wallet to it;
- User-friendly trading platform with TradingView charts.
- Very limited choice of trading instruments;
- Staking, bonuses and competitions are available from time to time, not on regular basis;
- No live chat to contact technical support.
TU Expert Advice
Financial expert and analyst at Traders Union
ApeX is a decentralized exchange that provides access to trading certain cryptocurrencies. The exchange provides leverage that enables traders to increase their potential profit, although the choice of coins is rather limited. At the time of this review, ApeX was offering access to trading the following pairs: ETH/USD, ETH/WBTC, iZi/USD and WBTC/USD. Leverage on all of them was up to 1:20.
All payment and trading transactions are executed on Apex Pro, the exchange’s proprietary platform. The platform broadcasts TradingView charts, which is why traders who have worked with them should not have any issues understanding how the proprietary platform works. ApeX Pro is available in two versions: browser and mobile.
ApeX tries to make cryptocurrency trading accessible to any person regardless of their equity and experience of working with digital assets. The exchange promises transparency at all stages and continued expansion of services and products. For example, in 2022, ApeX added the Take-Profit and Stop-Loss orders, and also promised to open access to social trading by the end of Q1 2023.
- You are comfortable with decentralized finance (DeFi) as ApeX operates as a decentralized exchange (DEX), meaning it does not hold your funds, offering increased control and censorship resistance. This aligns with the principles of DeFi, providing users with more control over their assets and reducing the risk of centralized authority manipulation.
- You require no minimum investment amount, as ApeX does not impose any minimum investment requirements, making it accessible to users of all investment levels.
- You require a wide choice of trading instruments, as ApeX may not offer a diverse range of trading instruments compared to other exchanges.
- You prioritize platforms that offer regular incentives and rewards programs. In that case, ApeX may not be the ideal choice for you.
ApeX Summary
| 💻 Trading platform: | ApeX Pro |
|---|---|
| 📊 Accounts: | Standard |
| 💰 Account currency: | BTC, ETH |
| 💵 Replenishment / Withdrawal: | Cryptocurrency wallets |
| 🚀 Minimum deposit: | No requirements |
| ⚖️ Leverage: | up to 1:20 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | from 0 |
| 💱 Commission: | 0.1% |
| 🔧 Instruments: | Cryptocurrencies, bonds (soon) |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | Market, Limit |
| ⭐ Trading features: | Only three cryptocurrencies are available for trading, staking is available (limited-time offer) |
| 🎁 Contests and bonuses: | Periodically |
ApeX charges the same taker and maker fee. Traders can set market and limit orders. Users can link 8 wallets, including Metamask, Coinbase Wallet and Trust, to their account on ApeX, but the choice of currencies is limited to Bitcoin and Ethereum.
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Commissions and fees
| Account type | Commission (minimum value) | Withdrawal commission |
|---|---|---|
| Standard | From $1 | Yes |
TU experts also compared ApeX fees with the fees charged by other companies in order to ensure objectivity of assessment. The table below how ApeX conditions compare with those offered by competitors.
| Broker | Average commission | Level |
|---|---|---|
|
$1 | |
|
$6 | |
|
$20 |
Investment Options
Investment Programs, Available Markets, and Products of the Crypto Exchange
Passive income can be earned on the ApeX exchange by holding cryptocurrencies in your wallet. This solution is known as Staking. ApeX offers different staking options, but the reward is accrued exclusively for holding governance tokens of the exchange. Clients can also receive additional income for referring new clients to the exchange.
Extra income for holding APEX, esAPEX and veAPEX
Clients of the ApeX exchange that act as liquidity providers for certain pairs receive LP tokens esAPEX. After a 6-month holding period, they can be converted into the APEX cryptocurrency or locked for staking. Also esAPEX tokens are accrued as a reward for staking APEX. When an investor locks APEX or esAPEX coins in his/her wallet, he/she becomes the owner of veAPEX certificates. Their holders receive a 30% rebate for the trading fee on a weekly basis.
Two staking options are available:
With flexible conditions – allows to lock and unlock tokens at any time;
With a fixed staking period from 1 to 26 weeks.
The longer an investor stakes a token, the higher the yield. For example, if you choose the option with the fixed period of 26 weeks, the final reward doubles compared to the reward for staking tokens for 1 week.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
ApeX Partnership program
Under the referral program, traders can earn two types of rewards. The first one is 10% of the fees of each referral. And the second reward is a 3% cash back of derivatives trading fees.
Cash back for the fees is accrued only after you’ve referred at least 10 new clients. Compensation for fees is paid within one year after the 10th referred user registered.
User Satisfaction