Today we’ll take a look at a firm that, contrary to its name, is neither a crypto mining firm nor is it an apex trading solution of any kind. Instead of the premium service they advertise, these cybercriminals only offer financial ruin.
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Stick with our Apex Bitcoin Mining review to learn how to recognize these schemes in the future and what you can do to recover your money from one.
| Regulated by: | Unregulated investment firm |
| Is This Company Safe? | No, never invest with unlicensed companies, especially if they’re also blacklisted! |
| Known Websites: | apexbitmining.com |
| Have Warnings from: | FCA, FI |
| Registered in: | Belize/UK/USA (alleged) |
| Operating since: | 2022 |
| Trading Platforms: | None |
| Maximum Leverage: | N/A |
| Minimum Deposit: | $200 |
| Deposit Bonus: | No |
| Trading Assets: | Cryptocurrencies |
| Free Demo Account: | No |
| How to Withdraw from This Company? | This company will not help you advance as a trader or enable you to earn heaps of money in no time. All this greedy bunch does is steal from their investors. Therefore, please contact us for legal support in fund recovery procedures. |
Peeling Back Layers of Lies and Deceit
The entire Apex Bitcoin Mining trading scheme revolves around a persona named Sabrina Alex. It’s important to remember that, in order to remain anonymous, these people always use fake names to hide their identity.
The fraudulent circle runs the con from so-called boiler rooms, better described as scam call centers. There, scam agents use online apps like Telegram to contact their victims directly, using strategies known as cold calling and spear phishing. These fraudsters have developed persuasion skills that leverage emotional reactions against their victims. If you believe you’ve invested funds with a shady company like this one or Quontic.vc, feel free to contact our experts.
Regulators Warn Against the Danger
While the rotten strategies employed by these con artists make their schemes sound lucrative, the reality is completely different. If you attempt to find out anything more about this company, you’ll hit a dead end.
Since the entity claims to operate out of Belize, we immediately searched the registers of their local regulatory body – FSC. As apparent, this business isn’t even registered with a jurisdictional authority. Aside from that, the site promotes an alleged license by the SEC (USA), which is not true, as search results prove.
Other supposed certificates are ridiculously obvious, sloppy photo edits, there’s no need to even double check them, especially with the recent FCA (UK) and FI (Estonia) warning.
Areas of Activity
Since 2022, the domain has managed to stay focused on particular areas and the victims they most often target. To this day, the highest number of victims has been detected in the following nations:
- United Kingdom
- Germany
- Australia
We have to warn you that the list isn’t definite and doesn’t mean anyone out of these zones is safe. If the con men can extort money from you, they won’t mind whatever country you come from. So far, there aren’t any Apex Bitcoin Mining reviews posted by clients.
That’s why you should contact us immediately, as soon as you start suspecting your money to be lost to financial swindlers.
Claims of Economy-Breaking Profits
The company pretends to be a successful investment firm and uses the idea of passive income based on investment plans to entrap victims. For them, investing means purchasing one from a range of subscription plans.
Some of these are allegedly supposed to yield unrealistically large profits in a record-breaking time frame. For others, the swindlers didn’t do their math right:
- Starters – $200, 7 days duration, ROI 7400% + $50 bonus
- Basic – $300, 7 days duration, ROI 29,900% + $50 bonus
- Silver – $1,000, 7 days duration, return of $2,000
- Premium – $10,000 for 7 days, ROI 350%
- Exclusive – $100,000 for 7 days, ROI 200%
In addition to this blatant ripoff, there is also a so-called Apex Bitcoin Mining crypto exchange. It is supposedly possible to exchange a variety of coins like BTC, ETH, XRP and LINK between each other or for USD. Of course, there isn’t a trading platform worth mentioning, only a single page with a chart pulled from TradingView.
Investing Without Costs?
As we’ve previously discussed, impossibly attractive investment plans promote huge returns in a matter of days. Now, you may wonder what are the fees and taxes you pay for such an astonishing service.
Unfortunately, all costs are hidden. Legal documentation usually has the purpose of informing clients of this aspect of trading, but the papers we found on this site are useless.
The swindlers only ever mention a crypto exchange fee of 2% per side and a withdrawal fee of 10%. These are exceedingly costly when compared to legitimate firms, and the lack of transparency always means hidden costs apply.
Undefined Withdrawal Policy
The Terms of Service document, as it is called, never outlines any withdrawal conditions whatsoever. The client dashboard makes an allowance for withdrawing through bank transfers, crypto transfers (BTC, LTC, ETH), and bank transfers.
Of course, no blockchain networks are ever mentioned, nor is there any sort of automatic transaction processing. Clients are expected to make a request through a web form and hope for the best. Deposits function in much the same way but will also ask you to secure your credit card information.
Boiler Room Support Service
All links to the company’s social media profiles are dead. There are other ways of getting in touch with the support office, however. We also found the live chat popup option, but no one will ever reply to your messages. You’ll get a notice about all support agents being busy, and you’ll be instructed to fill out an online form.
The online form, used for sending inquiries and getting replies sent to your email inbox, doesn’t function either. Apparently, the only functional way to approach site owners and the fake CEO is via the encrypted Telegram channel.
Recover Your Funds With Expert Help!
Online charlatans like Apex Bitcoin Mining scam or EuroDex will do their best to cover their tracks and disappear with your money. This is why it’s of great importance that you take action as soon as possible.
Our expert team has ample experience with cases just like this and is available to help you at any time. You may reach us via the live chat, and take advantage of a free first consultation.
