Score

1.45 /10
Danger

ApolloFinances

Marshall Islands

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Score

Regulatory Index0.00

Business Index6.56

Risk Management Index0.00

Software Index4.00

License Index0.00

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Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

MGX Consalt Group LTD

Company Abbreviation

ApolloFinances

Platform registered country and region

Marshall Islands

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-12-26
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

ApolloFinances · Company summary

Note: The official website - https://apollofinances.com/ is inaccessible, so the relevant information is incomplete. We will do our best to collect some information about it.

ApolloFinancesReview Summary
Founded2020
Registered Country/RegionMarshall Islands
RegulationNo regulation
Market InstrumentsCurrency pairs, indices, metals, energies, shares and futures
Demo Account/
LeverageUp to 1:400
SpreadFrom 2.8 pips (Bronze account)
Trading PlatformMT4
Min Deposit$250
Customer SupportContact form
Tel: +441133283109
Email: support@apollo-finances.com
Company address: Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands, MH 96960

Founded in 2020, ApolloFinances is an unregulated brokerage registered in the Marshall Islands that offers currency pairs, indices, metals, energies, shares and futures with leverage up to 1:400 and spread from 2.8 pips on the Bronze account. The available trading platform is MT4 and the minimum deposit requirement is $250.

Pros and Cons

ProsCons
Diverse trading productsInaccessible website
Multiple account typesNo regulation
Flexible leverageWide spreads
MT4 supportHigh minimum deposit
No deposit feesWithdrawal fee charged

Is ApolloFinances Legit?

No, ApolloFinances hasn't been regulated by any trusted financial institution. Please be aware of the risk!

No license

What Can I Trade on ApolloFinances?

Tradable InstrumentsSupported
Currency Pairs
Indices
Metals
Energies
Shares
Futures
Cryptocurrencies
Bonds
Options
ETFs

Account Type

Account TypeMin Deposit
BRONZE$200
SILVER$2,000
GOLD$10,000
PLATINUM$50,000
Account comparison

Leverage

Account TypeMax Leverage
BRONZE1:200
SILVER1:300
GOLD1:400
PLATINUM1:500

Spread

Account TypeSpread
BRONZEFrom 2.8 pips
SILVERFrom 2.5 pips
GOLDFrom 1.5 pips
PLATINUMFrom 0.1 pips

Trading Platform

Trading PlatformSupported Available Devices Suitable for
MT4Desktop, web, mobileBeginners
MT5/Experienced traders

Deposit and Withdrawal

No deposit fees are charged. And you can deposit via Credit Cards, as well as a series of e-wallets.

A standard fee of $20 will be charged for bank wire withdrawals and a fee of 500 units of the original currency of the initial deposit will be charged for bank wire transfers of less than $25.

User Reviews

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User comment

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Comments

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静心11773
more than one year
Haven't come across a Broker with such an amazing personalized customer service. No matter what problems I met during my trading process, customer support staff would promptly come to help me. I was also impressed by its low fees, even lower than some big brokerage firms. Therefore, I would sincerely recommend this broker to your guys, especially for beginners and for those who is looking for low trading cost.
Haven't come across a Broker with such an amazing personalized customer service. No matter what problems I met during my trading process, customer support staff would promptly come to help me. I was also impressed by its low fees, even lower than some big brokerage firms. Therefore, I would sincerely recommend this broker to your guys, especially for beginners and for those who is looking for low trading cost.
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2023-03-23 10:07
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Jerry
more than one year
ApolloFinances, a typical offshore broker, featuring “three highs”, high spreads, high leverage, high minimum deposit. Yes, all they want is your loss and money, and this is where their income come from.
ApolloFinances, a typical offshore broker, featuring “three highs”, high spreads, high leverage, high minimum deposit. Yes, all they want is your loss and money, and this is where their income come from.
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2023-02-16 09:24
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