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From my perspective as a trader who prioritizes both regulation and operational history, AP CAPITAL appears to present a mix of reassuring elements and some cautionary gaps. The most significant point in its favor is regulation: AP CAPITAL is authorized by the Securities and Futures Commission (SFC) of Hong Kong, and holds a license for dealing in futures contracts. In my experience, SFC regulation is generally regarded as rigorous, giving me more confidence in the firm’s legal standing and oversight. However, when evaluating legitimacy, I don’t only look at regulation. Transparency is just as important, and for me, this is where AP CAPITAL falls short. There’s limited information available about its trading conditions—such as leverage, spreads, platforms, and minimum deposit requirements—which is unusual for a firm operating for over a decade. I also notice the lack of a demo account and minimal choices for contacting customer support, which make it harder for new or cautious traders like myself to properly test or communicate with the broker before committing capital. The firm is active in several asset classes, including forex, commodities, and equities, which typically appeals to experienced traders. Yet, for me, the “suspicious scope of business” label raises red flags, as it suggests regulatory or operational uncertainties that haven’t been clarified. Ultimately, while AP CAPITAL checks the regulatory box, the lack of transparency and limited user-facing services means I would be cautious and would not fully commit funds without further independent verification.