New brokers are appearing more and more each day. Some continue operating, while others immediately turn out to be scams. In this Apollo LTD review, we will examine a firm that started operating only in 2024, yet boldly claims high reliability and the best service. Bold statements from a company showing signs of fraud — what could be worse?
Key Features
- Company Name: Apollo LTD
- Website: https://fxapollo.com/
- Available Contacts: [email protected], +447441929708
- Foundation: 2024
- Services: CFD Trading
- License: no
- Initial Deposit: $250
From Sign-Up to Payout
At first glance, the official website doesn’t resemble the typical ones we are used to seeing from most forex scammers. However, this doesn’t necessarily mean that Apollo LTD is a safe platform, as there are still some drawbacks.
On the site fxapollo.com, there is a lot of useless information, with only a small portion being relevant and specific. It gives the impression that the company’s management aimed to fill the portal with meaningless texts, making it harder for users to find important information.
Yes, the company provides the number of clients, talks about its conditions, and even mentions in the footer, in small print, that it operates in the UK under the supervision of the FCA. By the way, this information still needs to be verified, so don’t rush to believe it. However, how much time would it take to research and find these facts? Alright, we didn’t find any errors or bugs in the text. The website was decently worked on.
Let’s try to see how the personal cabinet and the platform are set up. To do that, we need to create an account. Registration with Apollo LTD is standard: enter your contact details, and name, and create a password. Then, without email verification, the account interface opens. It supports multiple languages, although the official website is only in English.
The functionality and interface of the personal cabinet are standard. Clients have access to basic functions, such as identity verification or deposit replenishment. The methods of money transfer are not entirely clear.
Specific methods are not listed, but the logos for Visa/Mastercard, Wiretransfer, and OkPay are displayed. However, something suggests that it may only be possible through cryptocurrencies.
Our Trading Experience With Apollo LTD
The broker offers trading on a standard WebTrader. There are no separate applications for download on Android/iOS, but judging by the screenshots, the platform can be accessed via a mobile browser. The browser version is significantly inferior to a standalone program both in functionality and optimization. This is undoubtedly a downside.
The terminal interface is very minimalistic. On the left, there is a list of assets, followed by a panel with parameters for future orders, and on the right, there is a chart taken from the popular service Tradingview. You won’t be able to connect with an advisor for auto-trading, nor can you copy other traders’ deals. Creating and uploading your own indicators for use is also not possible. In short, only the basic options are available.
This kind of terminal is not suitable for serious trading. Why can’t Apollo LTD connect to an alternative? Many platforms meet all the needs of forex traders.
The Reality Check
Next, we need to verify the legitimate status of Apollo LTD. What do we have? The company claims to operate in the United Kingdom under the supervision of the FCA, and as a crypto firm, which seems strange, as it is just a regular CFD broker. Moreover, the user agreement states that the broker operates under the laws of Saint Vincent and the Grenadines. Let’s see what’s really going on.
Under FCA number 470611, there is a company called Apollo Pension & Investment Advisers with the official website apolloifa.co.uk. You’d agree that this is a different organization, right? Even the website is different — fxapollo.com. It turns out the scammers are hiding behind someone else’s license. Do they really think traders won’t be able to check this?
It turns out there is no such company in the UK. There are many others with similar names, but our hero of Apollo LTD review is not listed in Companies House. Alright, what about the jurisdiction of Saint Vincent and the Grenadines? Also fake. The broker is not found in the SVGFSA registry.
This is why verifying all information is crucial. Scammers can tell all kinds of lies about licenses and offices worldwide, while in reality, they don’t even have a registered legal entity. Outrageous lies. The firm operates illegally, without oversight from regulators. So your money will be at risk, and no one will help you if the company refuses to return your deposit.
How Long Has Apollo LTD Been in the Game?
If a company doesn’t provide its founding date on its website, how can you find it? You need to check when the domain was registered and when the first reviews were published. fxapollo.com was registered at the beginning of 2024, and only after that did the first mentions of the firm start appearing online. So, in addition to the broker’s serious shortcomings, such as the lack of a license and fake credentials, we can add a very short operational history.
Extra Fraud Indicators
To be more certain that Apollo LTD is a scam, it’s worth paying attention to other factors as well. When we searched for reviews online, we found an interesting situation. The scammers are inflating positive reviews about themselves. There are several hundred of them, and most are positive. However, under no circumstances should such comments be trusted, because they are fake. This is a tactic used by scammers to promote themselves — it’s cheap and effective.
You should definitely check the contact details. If a company provides fake information, that’s definitely a reason to question whether it can be trusted. It turns out that the emails listed on the site are fake.
Even looking at the trading conditions, it’s clear this is a fraudulent company. A 1:200 leverage and huge deposit bonuses are typical scam tricks. First, they offer bonuses, which prevent the client from even requesting a withdrawal, and then they drain the user, leaving them without any money. And yes, hidden spreads and fees are also a good indicator that you’re dealing with an illegal platform.
Is Apollo LTD the Right Fit?
The broker only appears to be serious and suitable for trading. If you dig deeper, its fraudulent nature becomes apparent. Do you really want to trust your money to a company that hides behind someone else’s license and isn’t officially registered? Probably not. Apollo LTD is just another scam project, nothing more.
This is a very dirty company! Everything on the website is fake! The only guarantee these scammers can give is the impossibility of withdrawing your money. I want this site to be shut down. It has already deceived many people. There are no traders here who successfully trade and withdraw profits. The criminals won’t allow it. Stay away from fxapollo.com. That’s my advice to everyone!
If you don’t want to lose your money, under no circumstances should you invest in Apollo LTD. I made a serious mistake by trusting the scammers at their word. I transferred $9,000 to them in cryptocurrency because I thought it was a legitimate broker. The abundance of positive reviews influenced my decision. It was only later that I found out all the positive reviews were fake, just like the company itself, but by then it was too late. I gave them my last savings. I lost more than 50% because the platform was working against me. Half of my investment remains, but I can’t withdraw those funds. The scammers won’t return them. They don’t even provide a reason. However, I understand perfectly well that I was simply scammed out of $9,000.