ApexFutures

ApexFutures, operating through the domain apexfutures.com, is a futures and options brokerage firm registered in the United States. The company was founded in March 2019 and lists its address as 311 South Wacker Drive, Chicago, Illinois, Suite 2280, 60606. The broker presents itself as a division of Global Futures & Forex, Inc. (GFF Brokers), a claim repeated throughout its website.

Despite these claims of affiliation and regulation, FXCanary’s independent records show no regulators on file for ApexFutures. While the website asserts NFA membership and CFTC registration as an Introducing Broker, our cross-checks of official databases did not confirm this. Traders should approach such discrepancies with caution.

The broker’s website prominently states that it is a member of the National Futures Association (NFA) and registered with the Commodity Futures Trading Commission (CFTC) as an Introducing Broker. It further claims to employ a Series 3 licensed broker. However, FXCanary’s research has not verified these regulatory credentials. Our records indicate that no regulatory licenses are on file for ApexFutures, raising questions about the validity of these statements.

The firm’s address in Chicago, Illinois, places it in a jurisdiction where futures brokers are typically overseen by the CFTC and NFA. The lack of verifiable registration suggests that traders should independently verify the broker’s status before committing funds. ApexFutures’ designation as a division of GFF Brokers may offer some context, but GFF Brokers’ own regulatory standing should also be examined.

ApexFutures offers trading in futures and options on futures, covering a range of asset classes including indices, commodities, and currencies. The broker lists contracts on major exchanges such as CME, CBOT, COMEX, NYMEX, and ICE. Traders can access micro E-mini contracts like MES, MNQ, MYM, and M2K, as well as standard-sized futures.

The broker emphasizes low-cost trading, with commissions advertised at $0.99 per contract for micros and $1.99 for all others. It promotes low daytrade margins, free real-time market data, and a suite of free trading tools including charts, DOM, and advanced strategies. A minimum deposit of $3,000 is required for standard accounts, while micro accounts start at $500.

ApexFutures provides two primary trading platforms: a web-based proprietary platform and the StoneX Futures platform powered by CQG. The StoneX platform is available on Windows and Mac and includes features such as daily, weekly, and monthly charting (limited to three years), intraday charting, quotes, quote spreadsheet, and market watch. The broker states that both platforms are free with no additional transaction or platform costs.

These platforms cater to retail traders seeking a straightforward, cost-effective trading experience. The inclusion of web-based technology allows for trading without software downloads, though advanced features may be limited compared to professional terminals.

ApexFutures does not explicitly offer multiple account tiers beyond standard and micro accounts based on deposit size. The account opening process begins with an online registration form, after which a StoneX representative contacts the applicant to complete the application. Funding is handled via wire transfer to StoneX Financial Inc., the clearing firm. The broker provides detailed instructions for USD and EUR wires, including beneficiary bank details and account numbers.

The broker notes that it enforces strict anti-money laundering (AML) guidelines, including restrictions on multiple wire-outs from the same account. Traders must comply with these policies when making withdrawals.

ApexFutures is positioned as a discount futures broker aimed at cost-conscious retail traders and high-volume participants. Its low commissions and no minimum trade requirements appeal to active traders, while the low daytrade margins attract those seeking leveraged exposure. The broker’s free tools and platforms are designed to reduce trading costs.

However, the broker’s unverified regulatory status makes it unsuitable for risk-averse traders or those requiring strict oversight. The guarded scam risk score of 44/100 reflects the need for caution, especially given the conflicting information about registration.