ApolloHouse

ApolloHouse offers traders to invest in their own future and promises to provide all conditions for achieving financial goals. Clients are offered the most advanced trading platform, the highest level of security, and qualified support. However, those who believe in such a miracle will be greatly disappointed. This seemingly attractive project in reality is just another scam, where users are only expected to lose all their invested funds. Read more about this fraudulent company in our review.

Overview of ApolloHouse

When choosing a broker, traders need to consider many factors. The maximum amount of information for this is provided by the company on its official website. So, we started getting acquainted with this brokerage firm from its pages.

Broker History

ApolloHouse’s history is so rich that the broker didn’t even find a couple of facts worthy of attention to be published on the official website. Yes, don’t be surprised, even on “About Us” page, the company got away with telling the story of a lucky trader. Moreover, there’s not even a mention of the platform’s creation time in the texts.

Of course, no one can force a broker to use such a simple and effective opportunity to strengthen its reputation. However, in most cases, only scammers don’t mention their history. The reason is simple — they don’t have a long history, and a short lifespan suggests that there won’t be one. We still don’t have enough data to assert that ApolloHouse was also created by scammers. Meanwhile, the fact is quite indicative, and we will take it into account.

Apollohouse.co Website

It should be said that getting acquainted with the broker’s official website didn’t impress us. On the “Home” page, you can still see attempts at some design, albeit due to huge images, not always successful.

On the other pages, there’s not even a hint of design. A user will see arrays of text on them, which look at least boring.

This, of course, could be tolerated if at least the content of these texts were useful. Well, no. The informational value of practically all pages is close to zero. For example:

• On “Webtrader” page, instead of describing a program and its characteristics, the broker placed a short list of only 6 items. They are supposed to convince the trader of the terminal’s exclusivity.
• In “Account Types” section, besides the table with tariff plans, a client will find several pages with descriptions of asset groups. They contain discussions on how to become a master in trading with the corresponding instrument. However, the broker decided not to publish more useful materials, such as contract specifications.
• The palm of precedence should be given to “Blog” section of the main menu. Content managers decided that the name itself was enough and did not create a single post in it.

In the same spirit, we can practically talk about all the pages of the website. The conclusion is not difficult to make: project creators have no idea what to talk about on such resources. It turns out the purpose of its placement on the network is a place for two buttons, “Open Account” and “Login”. Other tasks, such as attracting clients, ApolloHouse will solve with other methods.

Registration Process and Personal Account

The registration form for a new client looks somewhat unusual. The broker divided it into 2 parts, placing each on a separate page.

On the first page, you need to provide:

• First and last name.
• Login password.
• Account currency (select from the list).

On the second page, you need to specify:

• Full postal address.
• Phone number.
• Email address.

Additionally, a new client must confirm agreement with the Terms & Conditions text.

We still don’t understand why the broker decided to split the form into 2 pages when it could easily fit on one. Perhaps the broker was trying to give a dignified appearance to the registration process, which takes no more than two minutes. Or maybe the creators of ApolloHouse wanted the account opening process to look like that of a serious licensed broker.

However, the latter intention was not successful. Unlike legal companies, here:

• Client profiling is not conducted.
• Contact details are not verified.
• The list of documents for review does not include Privacy Policy and Risk Disclosure.

Based solely on these signs, we can confidently say that we are dealing with a scam project. And this is before even seeing the personal account.

Nevertheless, everything here is standard. A template widely used by scammers is employed, providing the broker with the minimum necessary functionality for account management and trading.

Upon logging into the personal account, layout problems immediately catch the eye. Because of them, it’s necessary to adjust the page scale to access some menu items. However, the list of functions looks quite satisfactory and includes:

• Profile and security settings editing, document submission for verification.
• Account replenishment and withdrawal request placement.
• Viewing trading and financial transaction history.
• Contacting support.

There’s one strange item in the list — Trading Platform Accounts. All trading accounts are listed here, and each has a Reminder button. What it reminds us about and where the message is sent remained unclear to us.

Familiar problems are also present. For example, the security of client funds is ensured only by changing the password. The broker did not implement even 2FA on this page of ApolloHouse, nor did it include most of the functions listed in the options for different account types.

Trading Platform

ApolloHouse describes its trading terminal as the most modern software, providing users with maximum capabilities. However, the first acquaintance with the platform reveals many of its shortcomings.

The most noticeable ones include:

• Poor organization of the market overview (list of trading instruments). It’s organized in such a way that finding the necessary ticker takes quite a bit of time. For example, when trading on news, traders may not have time. However, user customization of this list is not provided, and the search and favorite addition systems do not solve the problem.
• Limited number of technical analysis graphical tools. There are only 5 of them, the most common ones, but many traders find this insufficient. This means they will have to adjust their own trading systems, risking profit loss or losses.
• Lack of capabilities for creating trading robots or indicators on their own. It’s also impossible to connect and use third-party developers’ modules.

Traders may tolerate all of the above, although they rate the platform quite low. However, the software has a much more significant drawback. It concerns the server administrator’s ability to intervene in the quote flow and change it. In this case, hoping for fair trading with ApolloHouse is simply ridiculous.

Contacts

This page will delight traders with more texts describing how cool ApolloHouse is. Along with them, there’s a feedback form and contact information.

Here are published:

• Email address: support@apollohouse.co.
• Phone number: +447488886763.
• Postal address: 40 Furnival St, London EC1N 2LE, United Kingdom.

Somewhere between them, there’s a mention of Live chat on WhatsApp, but apparently, the company representatives are presenting the desired as real since there is no link to it. Similarly, there are no links to any social media channels or groups. Obviously, this method of attracting clients is not considered by scammers either. Accordingly, platform owners decided not to spend time and money on it.

Analysis of Services Offered by ApolloHouse

To make an informed decision about collaborating with a broker, traders need more specific information about the service conditions. Let’s see what the company offers its clients.

Funding and Withdrawal

Searching for mentions of non-trading operations on the ApolloHouse website is useless. Here, there is not only a lack of information about money transfers, but even a list of available payment methods is absent. We had to search for this information in the personal account.

The deposit page was disappointing. The broker tells the client that they can use bank transfers or cards, but there are no controls on the page. Only the email address at the bottom hints that one should not waste time and should write to support.

Scammers blatantly show they are not willing to publish their details and intend to remain anonymous. We are sure that the support response will suggest sending funds to a cryptocurrency wallet or a drop card. From our point of view, this is the most obvious sign of a scam broker.

However, on the withdrawal request page, ApolloHouse is in full swing. It offers to receive money via bank transfer, card, cryptocurrency wallet, or electronic payment system wallets. We think they could have included the option to receive gold bars or pay with galactic credits here, as nobody actually intends to pay money to clients.

ApolloHouse Trading Conditions

Transparent trading conditions are one of the signs of an honest broker. However, as you may have guessed, this does not apply to ApolloHouse. On its website, the only thing you can find is the minimum deposit amount for different types of accounts.

The broker offers a total of 5 tariff plans:

• Bronze. Minimum deposit $1,000.
• Silver. Minimum deposit $10,000.
• Gold. Minimum deposit $100,000.
• Premium. Minimum deposit $250,000.
• Platinum. Minimum deposit $1,000,000.

Important characteristics such as leverage, spreads, and swaps, as well as levels of pending orders, seem to be unheard of by the platform’s specialists. Instead, they are ready to offer numerous options that may help learn something about trading or earn without exerting one’s own efforts. Experienced traders know that such wonders do not exist. However, market newcomers are willing to open and replenish accounts in hopes of greater and faster profits. The result, of course, is dismal — all the invested money ends up in the pockets of scammers.

The list of tariff plans is supplemented by two options for VIP clients. However, they are only available by invitation from the company for those who have a balance of over $100,001 and $500,001. The broker did not disclose details.

Is ApolloHouse Trustworthy and Reliable?

We no longer doubt. This company was created by scammers. The remaining task was to gather the final evidence by analyzing the legal information about it.

Assessing Legitimacy

The data published by the broker claims that its office is located in the United Kingdom. Since there are no other geographical details about ApolloHouse, we can assume that it is registered in the UK. We can verify this fact using data from the Companies House registry.

A search did not yield any direct matches. There’s an almost identically named company, APOLLO HOUSE LTD, registered in 2019. However, it’s involved in real estate and has no relation to brokerage services.

Thus, we conclude that ApolloHouse does not have a legitimately registered entity. Consequently, the broker does not have a license. It operates solely online, providing services illegally. Are there still those willing to deposit funds here?

Established Track Record

It’s time to revisit the company’s creation date. Since the broker did not share such information with us, we had to resort to the help of a WHOIS service. Here, we find the domain registration date, which accurately reflects the platform’s existence on the internet.

The domain apollohouse.co was created on January 23, 2024. This means that the broker has only existed for a month and a half. It turns out that even the sole date in the copyright footer of the pages is inaccurate. Quite an epic achievement for a scam platform, isn’t it?

Implications for Traders

ApolloHouse is a scam broker that has brilliantly succeeded in proving that it was created by scammers. Everything has been used:

• Lack of registration and license.
• Deposits only through customer support.
• Posting of unreliable information.
• Completely hidden trading conditions.

The arguments turned out to be so compelling that we strongly recommend traders to forget about the existence of this platform forever.

Strengths and Weaknesses