First Thoughts on Apex Traders.

Apex Traders just began a “Silver” listing on the EmilyNews monitor.  They are a new company.  Their incorporation papers, that are available on their website, indicate that the company was incorporated on April 25.  They only went online on May 8, just a few days ago.  So, Apex Traders is just getting started.

In spite of this, the Apex Traders website claims that the company is involved with BOTH cryptocurrency mining as well as with cryptocurrency trading.  There are a number of online HYIPs that make this claim.  It is certainly possible.  However, I have pointed out in the past and will repeat it here that these are two very different activities.  Mining requires expertise in electronic hardware and engineering.  Trading is business and requires expertise in all the ins and outs of the varying values of cryptocurrencies and possibly in automated techniques of trading.  All of this is complicated by the fact that Apex Traders appears to be a “one man show.”  If you refer to the incorporation papers on the website, you will find that the company only has a single “director” and that this person is the sole share holder in the corporation.  Please see HYIP Insights #17 for more information on this.  Can one person possibly oversee such a complex organization?

Here is the statement from Apex Traders giving an overview of the company’s operations:

Apex Traders Investment Ltd is a United Kingdom based company which has specialty in crypto mining and trading with qualified and talented professionals to serve our users passive profitable income.

Cryptocurrency mining and trading is now one of the risky but profitable income source. But many people still don’t know the exact strategy or way to do mining or investing on Cryptocurrency. At Apex Traders Investment Limited is the platform where mining and trading has mixed together for general users. Team of apex has innovated the most intuitive methods of investment and opened the platform for global people to invest on cryptocurrency and earn risk free interest like as bank. This immersive system is well designed for easiest user experience with the most possible security.

Apex is specially focused on Bitcoin for its demand and volatility. Demand for cryptocurrencies, on the other hand, is determined by factors such as public adoption and public confidence on the value of the coin. Fortunately, as the public adoption of major coins such as Bitcoin expands in marketplaces and among vendors, the prevalence and demand of cryptocurrencies will definitely increase. So, this is the most profitable platform for us to make profit and share with our users.

Apex Traders offers three investment plans.  The first one returns your investment at the end of the plan while the second two return it as part of your earnings.  The terms of the plans are short to medium, ranging for 15 to 40 days long.  A quick look tells me that the interest rates are quite profitable for the investor but are not so high that they would be completely unsustainable in the long term.  But, this is only based on a quick look.  In fact, there appears to be something unusual going on with the interest rates that are offered.  With that as a “teaser,” I’ll stop for now.  When we review the program, we will take a very in-depth look at the pros and cons of the Apex Traders investment plans.  Please stand by…

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