“Reach Your Financial Goals with Confidence” — this is the call to action by ApolloHouse to begin collaborative work among all traders. Well, let’s see if this broker can truly offer something valuable or if it’s just another scam, sprinkling loud words and representing nothing substantial. Find all the answers in our review.
- ApolloHouse General Information
- Registration and Client Portal Review
- ApolloHouse Trading Conditions
- Account Types Review
- Trading Platform
- ApolloHouse — Deposit and Withdrawal of Funds
- Verification
- Additional Options
- Is ApolloHouse a Scam?
- Legal Information and License
- Apollohouse.co Domain Info
- Contacts Review
- Pros and Cons
- Frequently Asked Questions (FAQ)
ApolloHouse General Information
Website | https://www.apollohouse.co/ |
Phone Number | +447488886763 |
support@apollohouse.co | |
Address | 40 Furnival St, London EC1N 2LE, United Kingdom |
License | — |
Minimum Deposit | $1,000 |
Assets | CFDs |
Leverage | — |
Trading Platform | WebTrader |
Registration and Client Portal Review
The official website of ApolloHouse doesn’t seem too inspiring. We can’t shake off the impression that the creators simply lacked the motivation to come up with something new and intriguing. Thus, they opted for a generic template that fails to leave a lasting impression. The menu is standard, the design lacks any notable features, and essentially, it’s just the old stock photos of charts that serve as the main embellishment of the official website. There’s also an abundance of meaningless text regarding the broker’s advantages, whereas it would have been better to provide more information about the company itself.
The registration form at ApolloHouse initially appears quite simple. In fact, you only need to fill in a few lines with your name, surname, and contact details. Well, that’s just the first impression. The form has a continuation. On the second page, the broker will also ask you to provide full residential address details, including the ZIP code. Once you complete all the required fields, access to your account will be immediately granted without sending any verification code to your phone or email.
The absence of email and phone number confirmations is detrimental. Firstly, it compromises security by allowing unauthorized access to user accounts, as anyone with access to the login credentials can potentially gain entry without additional verification steps. Secondly, it undermines the reliability and trustworthiness of the platform, as users may question the seriousness of the service provider in safeguarding their accounts and personal information
The Client Portal at ApolloHouse is rather underwhelming, offering only the most basic and essential functions. It lacks any standout features or innovations, presenting users with a bare-bones experience. The portal provides minimal functionality, with limited options for account management and trading activities. It fails to impress and falls short of expectations, offering little beyond the fundamental necessities for users to interact with the platform.
ApolloHouse Trading Conditions
It’s time for us to start studying the broker’s trading services in order to form an opinion about them and their offerings.
Account Types Review
ApolloHouse offers five types of trading accounts. However, they do not provide any demo accounts. Demo accounts are essential for new traders to gain confidence and experience before committing real funds to trading. Without access to a demo account, clients may face higher risks and potential losses when they start trading with real money.
The minimum deposit required for trading is quite high. It starts at $1,000 in the Bronze account. Clients in this account receive explanations about markets, the trading platform, risk management, and a personal manager. The next account is called Silver, which requires a minimum deposit of $10,000. Clients in this account gain access to trading signals. The Gold account is marketed as the choice of traders, but this claim is questionable. Statistics show that in countries where CFD trading is most popular, the initial deposit rarely exceeds $1,000. There’s no mention of $100 at all. In the Gold account, users are offered some advanced trading sessions.
The next accounts, Premium and Platinum, require deposits of $250,000 and $1 million, respectively. Clients in these accounts receive increased leverage, risk-free trades, and even expedited withdrawals. However, there is no information provided about commissions and spread sizes in any of the account types. Additionally, the specific leverage ratio is not disclosed.
ApolloHouse also has a closed VIP group, accessible once your deposit exceeds $100,000, and a CEO-managed group, requiring a minimum deposit of $500,000. In short, money seems to be the deciding factor on this platform. ApolloHouse has not provided any significant details about how trades are conducted and has not posted contract specifications or other essential information.
Trading Platform
The main functions of the web trader provided by ApolloHouse are limited. It lacks essential features and indicators necessary for effective trading. The platform offers only basic functionalities, with a minimal set of tools for analysis and decision-making. Traders may find it lacking in versatility and sophistication compared to more comprehensive trading platforms.
ApolloHouse — Deposit and Withdrawal of Funds
The information regarding deposit methods on the ApolloHouse website appears to be inconsistent. While the footer displays various logos, including payment systems like WebMoney, which operates primarily in the Baltic states, and Qiwi Wallet, which is primarily used in Russia, the personal account section lists different deposit methods: Visa, Mastercard, AMEX, or Diners Club for direct deposits, and Wire Transfer.
As for withdrawals, the available payment systems include Bitcoin, Skrill, credit cards, and bank transfers. This discrepancy may lead to confusion for users. Additionally, there is no information provided about withdrawal fees or processing times.
Verification
ApolloHouse offers a standard verification process for its users. Traders are required to submit identification documents, such as a passport or driver’s license, and proof of address, which could include a utility bill or bank statement. The broker’s verification team reviews the submitted documents to ensure they meet the required standards.
Upon successful verification, the user’s account is approved, granting access to the broker’s services and functionalities. Next, clients receive a notification confirming the completion of the verification process.
Overall, the verification process aims to establish the identity and address of the user in compliance with regulatory requirements and to ensure the security of the trading environment. However, ApolloHouse doesn’t mention terms for viewing your documents.
Additional Options
ApolloHouse actually offers a variety of services. However, the biggest downside of this broker is that all of these services come at a hefty price. Only clients with large deposits can access some of the premium services. Whether these services are really worth the money is a big question mark. The company provides trading signals, analytics, and even offers access to various events. However, pay attention to the fact that its entire team remains anonymous.
We don’t know for sure the level of qualification of its employees and whether they possess any professional credentials. Or is it all just a big scam to lure out as much money as possible, even for additional services.
Is ApolloHouse a Scam?
Now, we finally come to the most important question. We will now assess how much trust can be placed in this project.
Legal Information and License
ApolloHouse fails to disclose information about itself, which is essentially a violation of the law. We do not know the name of its managing company or where it is registered. Based on contact details, it appears that the firm is located in London. We checked the UK registry and found a company with a similar name, but it is involved in real estate, not brokerage services. Overall, ApolloHouse also does not provide any information about having licenses.
From this, we conclude that it is most likely a complete scam. In fact, this project has not bothered to officially register a company or obtain any documents authorizing it to provide brokerage services.
Apollohouse.co Domain Info
Another obvious sign of fraud is the relatively short duration of the operation. Despite its claims of exclusivity, ApolloHouse failed to convince us. We are confident that it is a typical newcomer that has been operating for only a few weeks. Our verification was aided by the Whois service. The domain of the official website was actually registered on January 23, 2024. This is indeed the real duration of operation for this broker.
Contacts Review
ApolloHouse offers to contact them via phone number and email. However, as we have already understood, their address is entirely fake because they are not registered in the UK.
Pros and Cons
- User-friendly interface.
- Variety of trading assets available.
- Lack of regulatory oversight.
- Poor customer support responsiveness.
- Limited educational resources for traders.
- Hidden charges.
- Inadequate transparency regarding company information.
Frequently Asked Questions (FAQ)
ApolloHouse offers a range of trading services, including access to various financial markets, trading signals, analytics, and events. However, it’s important to note that the company’s offerings come at a cost, and traders should carefully evaluate whether these services align with their trading goals and risk tolerance.
According to the trading conditions, the minimum deposit required to start trading with ApolloHouse is $1,000.
No, ApolloHouse is not safe. It appears to be a typical fake broker attempting to portray itself as legitimate. Traders should exercise caution and avoid engaging with this platform to protect their funds and personal information.
What reliability are we talking about?
The company ApolloHouse attempts to portray itself in a positive light by publishing false information on its website. If a person possesses even a basic level of critical thinking, they can easily understand that this information does not align with reality. For example, the domain of this company was registered in early 2024, and if you look at mentions of the broker online, you’ll uncover an even more grim picture. The first mentions of a broker with such a name in user search queries only appear in February 2024, meaning that nobody knew about the existence of such a broker before then. Working with a company that lies to its clients from the very beginning is extremely dangerous. There is a high probability of losing all your money and providing your personal data to scammers who may share it with unknown parties.
Moreover, they have no licenses whatsoever, and it’s unclear how they intend to provide services. Most likely, they operate on a standard dealing desk model. This means they would benefit if you were to engage in losing trades. Do you really want to collaborate with such a scam? I believe not.