ApolloFinances-Overview of Minimum Deposit, Leverage, Spreads

Since ApolloFinancess official website (https://apollofinances.com/) cannot be open at the moment, we could only piece together this brokerage firm by gathering some relevant information from some websites.

General Information

Established in 2020, ApolloFinances is a young offshore forex broker registered in the Marshall Islands, allegedly offering its clients access to a series of trading instruments through an advanced MT4 Trading platform.

Please note that it has been verified that ApolloFinances is not authorized or regulated by any regulatory authorities, and it got a low score of 1.26 (with the full mark up to 10 points) on WikiFX.

Market Instrument

ApolloFinances says investors can choose from more than 100 trading assets it offers, such as currency pairs, commodities (precious metals, gas, oil), indices, and energies.

Account Types

Four trading accounts are available with the ApolloFinances platform, which are categorized by the minimum initial deposit requirement for each account. To open a Bronze account, the most basic account, you need to fund at least $250 into your account, and Expert Advisors (EA) is available with this account. The Silver account, Gold account, and Platinum account require much higher initial deposit requirements, from $2,000, $10,000, and $50,000, respectively. The personal account manager is offered with these three accounts, and Free VPS is only applicable with the Platinum account.

Leverage

Trading leverage varies depending on trading accounts, and the maximum leverage offered by ApolloFinances is quite high, up to 1:400. Since ApolloFinances is an offshore brokerage under no regulation, it enjoys no restriction on leverage. Since leverage can amplify gains as well as losses, it is advisable that traders should choose the proper amount that they feel most at ease.

Spreads & Commissions

Spreads and commissions are determined by trading accounts you are holding. Basically, the more account balance you hold, the more competitive spreads you can enjoy, for example, with the Bronze account, the spread from 2.8 pips, the Silver account from 2.5 pips, the Gold account from 1.5 pips, and the Platinum account from 0.1 pips. Commission details are not disclosed.

Trading Platform

ApolloFinances offers its clients access to the leading MT4 trading platform. With the MT4 trading platform, you can get access to trade in the forex, CFDs, and futures markets. MT4 enables you to build and use automated trading strategies in addition to providing you with a broad range of resources. More than this, you can access a variety of industry-standard charts and analytical tools that offer powerful insights into how an asset or a financial market is performing.

Deposit & Withdrawal

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

Concerning withdrawal, ApolloFinances charges a $20 fee for wire transfer, and bank transfer withdrawal amount below $500 subject to a fee of 25-unit in the currency of the initial deposit.

Customer Support

Traders with any inquiries or any trading-related problems can get access to customer support through the following channels:

Email: support@apollo-finances.com

Phone Number: +442030974723

Company Address: Trust Company Complex, Ajeltake Road.

A Contact Form

Risk Warning

Trading derivatives and leveraged products carry a high level of risk, including the risk of losing substantially more than your initial investment. It is not suitable for everyone.

Please note that the information contained in this article is for general information purposes only.