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Exceeded
Score
1.77 /10
Danger
APOLLO
Within 1 yearRegulated in United States
Common Business Registration
Suspicious Overrun
Medium potential risk
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Comparison
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Exposure
Time Machine
Website
Score
Regulatory Index1.25
Business Index3.27
Risk Management Index0.00
Software Index4.00
License Index1.25
Time Machine
Website
Licenses
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
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Warning: Low score, please stay away!
2
Previous Detection :
2024-10-01
- This broker exceeds the business scope regulated by United States NFA(license number: 16307010)Common Business Registration Non-Forex License. Please be aware of the risk!
- The current information shows that this broker does not have a trading software. Please be aware!
WikiFX Verification
APOLLO Information
APOLLO is a regulated brokerage company registered in the United States. This firm presents a swath of investment choices with its advanced ST5 trading platform. It provides five live trading accounts with leverage and swap-free options. However, you need to invest at least $10,000 to open a Shares account. And the phone support option is not available, which could be inconvenient for some investors. Furthermore, in comparison to some other brokerages, this firm offers limited asset classes.
Pros and Cons
| Pros | Cons |
| 1000+ tradable instruments | At least $10,000 to use a Shares account |
| Advanced trading platforms (ST5) | The phone support option is absent |
| Multiple account types | Limited asset classes compared to some other brokers |
| Leverage option available (1:1000) | No demo account is available |
| Swap-Free account available | |
| 24/7 customer support |
Is APOLLO Legit?
APOLLO is authorized and regulated by the National Futures Association (NFA) in the United States, with registration number 16307010. But its current status is “Exceeded”.
What Can I Trade on APOLLO?
When checking out online brokerages, it's important to look under the hood at how you can invest. APOLLO provides 1000+ instruments across 6 asset classes. Depending on your goals and risk tolerance, you can invest in:
- Forex: more than 50 currency pairs and the leverage is up to 1:1000
- Stocks: U.S. Stocks, UK stocks, and German stocks
- Commodities: sugar, wheat, and corn, etc
- Precious metals: gold, silver, palladium, and platinum, and the leverage is up to 1:1000
- Energies: oil and natural gas, etc
- Indices: 14+ global indices
A couple of things you won't see here are ETFs and bonds. APOLLO doesn't offer either one. You may see that as a disadvantage if you're interested in trading ETFs or bonds. But if your strategy revolves mostly around forex and CFD trading, it may not matter as much.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Stocks | ✔ |
| Commodities | ✔ |
| Precious Metals | ✔ |
| Energies | ✔ |
| Indices | ✔ |
| Cryptocurrencies | ❌ |
| Futures | ❌ |
| Bonds | ❌ |
| ETFs | ❌ |
| Mutual Funds | ❌ |
Account Types
APOLLO offers five types of trading accounts targeting different investment levels including Micro, Standard, Micro Ultra, Standard Ultra, and Shares accounts.
All account types have negative balance protection. Micro, Standard, Micro Ultra, and Standard Ultra accounts have no commission charged and require the same minimum deposit of only $5, and give the same leverage option, which is up to 1:1000. The Micro Ultra, and Standard Ultra accounts have tighter spreads than the other accounts, which is from 0.6 pips. The Shares account has a minimum deposit of $10,000 and a commission is charged. No leverage is offered on the Shares account.
| Feature | Micro Account | Standard Account | Ultra Low Account | Shares Account |
| Base Currency | USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, SGD, ZAR | USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, SGD, ZAR | EUR, USD, GBP, AUD, ZAR, SGD | USD |
| Contract Size | 1 Lot = 1,000 | 1 Lot = 100,000 | Standard Ultra: 1 Lot = 100,000 Micro Ultra: 1 Lot = 1,000 | 1 share |
| Leverage | Up to 1:1000** | Up to 1:1000** | Up to 1:1000** | No Leverage |
| Negative Balance Protection | ✓ | ✓ | ✓ | ✓ |
| Spread on All Majors | As Low as 1 Pip | As Low as 1 Pip | As Low as 0.6 Pips | As per the underlying exchange |
| Commission | X | X | X | ✓ |
| Maximum Open/Pending Orders per Client | 300 Positions | 300 Positions | 300 Positions | 50 Positions |
| Minimum Trade Volume | 0.1 Lots (ST5) | 0.01 Lots | Standard Ultra: 0.01 Lots Micro Ultra: 0.1 Lots | 1 Lot |
| Lot Restriction per Ticket | 100 Lots | 50 Lots | Standard Ultra: 50 Lots Micro Ultra: 100 Lots | Depending on each share |
| Hedging Allowed | ✓ | ✓ | ✓ | X |
| Swaps* | ✓ | ✓ | X | X |
| Islamic Account | Optional | Optional | Optional | ✓ |
| Minimum Deposit | 5$ | 5$ | 5$ | 10,000$ |
APOLLO Fees
Investment fees can dip into your returns, so keeping costs low might be a priority. With APOLLO, the fees depend on the account type you fall into.
No commission is charged for all account types except Share accounts. Micro Ultra and Standard Ultra accounts seem to be more appealing to investors since they offer tighter spreads and swap-free trades with zero commission fees.
If you're a beginning investor without a lot of money to invest in shares, APOLLO may not be your option. Because you need to invest at least $10,000 to open a Shares account. On the other hand, if you're focused on forex trading, you'll just be fine with this broker.
Trading Platform
APOLLO provides a popular trading platform, namely, ST5. This platform is easy to navigate. You can install it on Windows, MAC, IOS, and Android devices. It provides more than 50 technical indicators and intraday analysis tools. Besides, it supports more than 30 languages for customers around the world.
| Trading Platform | Supported | Available Devices | Suitable for |
| ST5 | ✔ | Windows, MAC, IOS, Android | Investors of all experience levels |
| MT4 | ❌ | ||
| MT5 | ❌ |
Customer Support Options
If there's something you need to do that you can't manage online or through the mobile app, you can try reaching out to APOLLO's 24/7 customer support. You can contact them by email (support@apollomarketsltd.com). There is no customer support phone number listed on the website and live chat isn't available. Some clients may find that a bit inconvenient.
| Contact Options | Details |
| Phone | ❌ |
| support@apollomarketsltd.com | |
| Support Ticket System | ❌ |
| Online Chat | ❌ |
| Social Media | ❌ |
| Supported Language | Multiple |
| Website Language | Multiple |
| Physical Address | 405 LEXINGTON AVENUE City: NEW YORK |
The Bottom Line
Whether APOLLO is a good fit for you may depend on where you are in your investing journey. It could be a good option if you're focused on forex trading since you'll have various options for account types and currency pairs. On the other hand, if you're interested in share trading and have limited funds to get started, you're better off finding another brokerage. Overall, it's important to look at how well it matches up your investment goals before making a commitment.
FAQs
Is APOLLO safe?
APOLLO is regulated by the National Futures Association (NFA) in the United States, with registration number 16307010. But its current status is “Exceeded”.
What is the minimum investment required for a beginner on this platform?
A beginning investor could invest as little as $5 to use a forex trading account. However, you need at least $10,000 to invest in shares.
Does APOLLO offer leveraged trading?
Yes, APOLLO provides a leverage option, which is up to 1:1000.
Risk Warning
Online trading involves considerable risk, so it may not be suitable for everyone.
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