Our ApolloFinances review will take a detailed look at the features and benefits offered by this broker, from the spreads and leverage available to the choice of account types on offer. Our aim with this review is to help you decide whether ApolloFinances is the best broker for you.
ApolloFinances is a multi-asset broker with a strong focus on forex and CFD trading. Founded in 2020 and based in the Marshall Islands, this broker offers more than 100 tradeable instruments across various asset classes, including forex, CFDs, stocks, indices, metals and energies. Leverage of up to 1:400 is available for premium account holders. The firm serves a worldwide audience but does not cater to clients in the US. Be aware that your country of residence may place restrictions on CFD trading. As an offshore broker, this firm may not be regulated by the governing bodies in your country. It is subject to local laws and regulations in the Marshall Islands, where it is headquartered.
The broker has a range of features that will appeal to both new and more experienced traders. It uses the world’s leading trading platform, MetaTrader 4 (MT4), which is available for desktop, web and mobile devices. There is a choice of four different account types with spreads as low as 0.1 pips and leverage of 1:400 on the premium Platinum account. Most account types come with a personal account manager. All accounts can access all tradeable instruments, MT4 trading and mobile trading.
ApolloFinances’ pricing varies according to the instrument and asset class being traded and the type of account you hold. Most trading is commission-free, with broker profits coming from the spreads. Spreads are floating and start at just 0.1 pips on the Platinum account. However, this account is aimed at advanced and professional, and you will need a very significant $50,000 deposit for it. The Gold account requires a deposit of $10,000 and offers spreads from 1.5 pips. The Silver account requires a deposit of $2,000 and offers spreads from 2.5 pips. The most basic account is the Bronze account, which is very accessible, with a minimum deposit of just $250. Spreads on this account start at 2.8 pips.
There are always a few ‘hidden extras’ when trading online, and ApolloFinances has a few of these. For example, there is a broker-levied withdrawal fee that applies to all withdrawals made by bank wire transfer. This is generally a $20 (USD) flat fee on withdrawals over $500. You may also be charged a USD 25-unit fee of the original currency in which the initial deposit was made if you make a withdrawal of less than $500. Please remember that these broker fees and charges are subject to change, sometimes at short notice, so it is possible that there will be other fees that apply to your trading account that are not mentioned in this ApolloFinances review.
ApolloFinances offers the award-winning MT4 platform, which comes with a variety of built-in trading tools and technical indicators, and the facility to integrate with a variety of third-party applications. The MT4 platform is known worldwide for its flexibility, convenience, and highly customisable interface, facilitating a wide variety of trading strategies, including automated and social trading. At this broker, you can access the MT4 trading platform in all its versions, which means that you can download it for desktop, on either PC or Mac; use the browser-based, web-enabled version of the platform on any compatible device; or download the mobile app available for both Android and iOS devices. MT4 trading allows users to incorporate various resources to help evaluate markets and manage trading activities, from integrated technical indicators to fundamental analysis tools, charting and drawing tools, and personalised trading alerts. The MT4 software is widely used and highly respected among forex and CFD traders worldwide. It comes with a well-designed, intuitive interface designed to be adapted to the specialised needs of individual traders.
Mobile Trading App
Mobile trading is becoming increasingly important and is a feature that online traders worldwide now look for in any new broker they are considering. Some traders trade on the go all day, every day, relying exclusively on mobile trading. Others simply need access to their investments from time to time when travelling. ApolloFinances is dedicated to providing customers with a comprehensive mobile trading experience. Mobile apps are available for iOS and Android devices. They are available to download free from the App Store and Google Play. (The mobile app tracking link is https://download.mql5.com/cdn/mobile/mt4/android?server=MGXConsaltGroup-Demo,MGXConsaltGroup-Live.) Customers will be happy to find that the mobile apps are highly intuitive and have almost all the same features as the main platform, including easy access to most technical analysis and charting tools, detailed real-time financial information, and price notifications. As always, some functions available with the full platform may be restricted when using the app. Significantly, ApolloFinances points out that its customers will not be able to access Expert Advisors, a function that is an important part of automated trading within the MT4 platform, so this is something to be aware of if you are mobile trading on a regular basis. Remember that this broker also offers web-enabled trading, which means that you can potentially trade directly from your browser, using any device, including smartphones and other mobile devices.
Many online brokers provide clients with market news, research, and analysis to help them with their trading activities. This is not an area of strength at this brokerage. There is no separate research or education portal on the website for prospective clients, for example. However, the broker does use the MT4 platform, which is an advantage when it comes to research. Once you have signed up at the broker and downloaded or accessed the MT4 platform, you will have access to various useful features via the platform in whatever version is convenient to you. As already mentioned, the MT4 platform is highly customisable. The client terminal allows you to create signals to alert you to events in the market. While MT4 is more known for its wide range of technical analysis tools rather than fundamental analysis, it does have an Economic Calendar, which can keep traders updated on important current and upcoming events that could impact your trading opportunities. It allows for instant delivery of events concerning 13 currencies and 18 countries, allowing clients to be alerted to changing market conditions and apply that knowledge to their daily trading strategies. MT4 now also enables clients to combine technical and fundamental analysis both when trading manually and in the development of trading robots.
ApolloFinances has a few different customer support options available for clients, including a dedicated support email and telephone line (+44 203 097 4723). There is also a handy web form that can be filled in online, where you can request that a member of the support staff contact you via email or telephone. Both new and existing clients can access all available customer support channels. Once you have signed up with either a Silver, Gold or Platinum account, you will be assigned your own personal account manager, who should be able to answer all your questions. One drawback that we noted is that the broker does not maintain active social media channels, which some traders find valuable as an extra point of contact, especially when there are problems with the website or platform. ApolloFinances also lacks a dedicated education section. However, the MT4 platform does provide excellent market insights and analysis, which most customers will appreciate. There is also a very convenient MT4 guide, which aims to answer queries that new users might have about the platform, such as how to alter or delete pending orders, how to change your time zone, and how to reset your MT4 password. We also noted that although there is not a dedicated education portal of the kind you will find at many online brokers, the firm does try to make a lot of general useful information available on its website. Each asset class gets a dedicated page explaining what it is, how trading in that asset class works, and what those trading CFDs in that asset class need to know, if relevant.
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