Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
APL Markets Pros & Cons
- MAM accounts for managers.
- Access to trading stock assets and cryptocurrencies.
- No regulation.
- Information on the website is of generic nature and does not fully disclose the broker’s fee schedule and trading conditions.
With APL Markets, every customer and money manager gets access to multiple assets through a sophisticated trading platform. Independent traders can freely operate on the MT4 platform, and money managers operate on tailored-made institutional platforms. APL Markets is regulated by the International Financial Services Commission of Belize (IFSC) that guarantees the company meets strict standards in accepting and managing customer funds and files regular reports to the regulatory body.
TU Expert Verdict
APL Markets carries a higher degree of risk. My review and user feedback point to noticeable performance issues and limitations. It may be appropriate only for experienced traders who fully understand the risks and are prepared for potential instability.
Top-5 Brokers Traders Prefer
APL Markets User Reviews
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria8 /10The trading and non-trading commissions of APL Markets have been analyzed and rated as having Low fees, with a fees score of 8/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and FOREX.com, to provide the most comprehensive information.
- Low Forex trading fees
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Complex fee structure
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of APL Markets with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, APL Markets’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
APL Markets Standard spreads APL Markets OANDA FOREX.com EUR/USD min, pips 0.1 0.1 0.7 EUR/USD max, pips 0.3 0.5 1.2 GPB/USD min, pips 0.2 0.1 0.9 GPB/USD max, pips 0.5 0.5 1.4 RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
APL Markets RAW/ECN spreads APL Markets OANDA FOREX.com Commission ($ per lot) The commission is the fee charged by the broker for trading one standard forex lot (100,000 units of the base currency). 3 3.5 5 EUR/USD avg spread 0.1 0.15 0.2 GBP/USD avg spread 0.15 0.2 0.4 Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with APL Markets. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
APL Markets Non-Trading Fees APL Markets OANDA FOREX.com Deposit fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. 0 0-15 0 Inactivity fee ($, per month) 0 0 15 -
Is APL Markets Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria4.7 /10APL Markets has a safety score of 4.7/10, which corresponds to a Low security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Is regulated
- Track record over 11 years
- Not tier-1 regulated
- No negative balance protection
APL Markets Regulators and Investor Protection Abbreviation Full Name Country of regulation Investor Protection Fund Regulation Level
FSC (Belize) Full Name Financial Services Commission of Belize Country of regulation Belize Investor Protection Fund No specific fund Regulation Level Tier-3 APL Markets Security Factors Foundation date 2015 Negative balance protection NoVerification (KYC) Yes -
Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.3 /10APL Markets offers the following account options: Demo, Standard, ECN/Raw spread.
However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.
- Standard account with balanced trading conditions
- Demo account
- Low minimum deposit
- No Swap Free account
- No Cent account
APL Markets account types vs top competitors APL Markets Trading.com Plus500 Standard YesYesYesECN/Raw spread YesNoNoDemo YesYesYesCent NoNoNoMicro NoNoNoSwap Free NoNoNoVIP NoNoNoManaged NoNoNo -
Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology4.5 /10APL Markets received a Low score for the efficiency and convenience of its deposit and withdrawal processes.
APL Markets offers limited payment options and accessibility, which may impact its competitiveness.
- Bank wire transfers available
- Minimum deposit below industry average
- Bank card deposits and withdrawals
- No withdrawal fee
- Limited deposit and withdrawal flexibility, leading to higher costs
- Only major base currencies available
- BTC payments not accepted
What are APL Markets deposit and withdrawal options?
APL Markets offers a limited selection of deposit and withdrawal methods, including Bank Card, Bank Wire. This limitation may restrict flexibility for users, making APL Markets less competitive for those seeking diverse payment options.
APL Markets Deposit and Withdrawal Methods vs Competitors APL Markets Trading.com Plus500 Bank Wire YesYesYesBank card YesYesYesPayPal NoNoYesWise NoNoNoBTC NoNoNoWhat are APL Markets base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. APL Markets supports the following base account currencies: USD.
What are APL Markets's minimum deposit and withdrawal amounts?
The minimum deposit on APL Markets is $1000, while the minimum withdrawal amount is $1. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact APL Markets’s support team.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria6 /10APL Markets offers a limited selection of trading assets compared to the market average. The platform supports 0 assets in total, including 60 Forex pairs.
- ETFs investing
- Commodity futures are available
- Indices trading
- Copy trading not available
- Limited asset selection
Supported markets vs top competitors
We have compared the range of assets and markets supported by APL Markets with its competitors, making it easier for you to find the perfect fit.
APL Markets Trading.com Plus500 Currency pairs 60 69 60 Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs. 69 2800 Stocks YesNoYesCommodity futures YesNoYesCrypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada. YesNoYesStock indices YesNoYesOptions YesNoYesInvestment options
We also explored the trading assets and products APL Markets offers for beginner traders and investors who prefer not to engage in active trading.
APL Markets Trading.com Plus500 Bonds NoNoNoETFs YesNoYesCopy trading NoNoNoPAMM investing NoNoNoManaged accounts NoNoNo -
Trading Account Opening
Score:We evaluated Trading Account Opening at APL Markets by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.8 /10We successfully registered an account with APL Markets in 6 minutes. The KYC verification was completed within 1 business day. The minimum deposit amount at APL Markets is $1000. This is one of the most accessible and hassle-free onboarding procedures on the market.
- Quick KYC verification (1 business day or less)
- Low minimum deposit requirement
- Fully online account opening process
- Account setup process may feel less convenient for beginners
APL Markets account opening APL Markets Trading.com Plus500 Online Registration YesYesYesMinimum deposit $1000 $50 $100 Mandatory KYC YesYesYesRegistration time (min) 6 20 KYC time (days) 1 2 3 Is APL Markets available in my country?
If you are a citizen of United States, the broker accepts clients from your country.
Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.
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Trading platforms & tools
Score:This section evaluates the quality and variety of trading platforms offered by the broker. It considers supported platforms, core features, device compatibility, and the availability of tools for automation, analysis, and different trading styles. Learn the assessment criteria7.7 /10APL Markets received a score of 7.7/10, reflecting an average offering in terms of trading platforms and tools. The broker covers essential functionality but may fall short in some advanced features or platform diversity compared to leading competitors.
- MetaTrader is available
- API access for automated trading
- One-click trading
- Trading bots (EAs) allowed
- No access to a proprietary platform
- No TradingView integration
- Strategy (EA) Builder is not available
Supported trading platforms
APL Markets supports the following trading platforms: MT4. This selection covers the basic needs of most retail traders. We also compared APL Markets’s platform availability with that of top competitors to assess its relative market position.
APL Markets Trading.com Plus500 MT4 YesNoNoMT5 NoYesNocTrader NoNoNoTradingView NoYesYesProprietary platform NoYesYesNinjaTrader NoNoNoWebTrader NoYesYesKey APL Markets’s trading platform features
We also evaluated whether APL Markets offers essential trading features that enhance user experience, accommodate various trading styles, and improve overall functionality.
Supported features 2FA YesAlerts YesTrading bots (EAs) YesOne-click trading YesScalping YesSupported indicators 80 Tradable assets NoAdditional trading tools
APL Markets offers several additional features designed to enhance the trading experience. These tools provide greater automation, deliver advanced market insights, and help improve trade execution.
APL Markets trading tools vs competitors APL Markets Trading.com Plus500 Trading Central Trading Central is a leading provider of investment research and financial market commentary. Integration with Trading Central offers traders advanced analytics, trading signals, and expert market insights, aiding in more informed decision-making. YesYesNoAPI YesNoNoFree VPS YesNoNoStrategy (EA) builder A Strategy or EA builder is a tool that allows traders to create and test their own automated trading strategies without requiring programming skills. NoNoNoAutochartist Autochartist is a market scanning tool that identifies trading opportunities by analyzing chart patterns and key price levels. NoNoNo -
Mobile Apps
Score:This section assesses the quality and functionality of the broker’s mobile trading apps. It takes into account app ratings, number of downloads, platform features such as two-factor authentication (2FA), mobile alerts, and technical indicators, ensuring traders can manage positions and monitor markets effectively from their smartphones. Learn the assessment criteria8 /10APL Markets supports mobile trading, offering dedicated apps for both iOS and Android. APL Markets received 8/10 in this section, reflecting strong user engagement and well-developed functionality. High ratings, solid download numbers, and the presence of advanced mobile features contributed to the high score.
- Indicators supported
- Supports mobile 2FA
- Strong Android user ratings, currently at 4.3/5
- Fewer charting tools
We compared APL Markets with two top competitors by mobile downloads, app ratings, 2FA support, indicators, and trading alerts.
APL Markets Trading.com Plus500 Total downloads The parameter reflects the combined number of installations from both the Apple App Store and Google Play. It serves as an approximate indicator of the broker’s mobile trading app popularity and user adoption across platforms. 1,000,000 50,000 10,000,000 App Store score App store scores reflect the average user ratings of the broker’s mobile applications on the Apple App Store and Google Play. These ratings indicate user satisfaction based on criteria such as usability, stability, performance, and overall experience. 4.6 4.8 4.7 Google Play score 4.3 4.7 4.4 Mob. 2FA YesYesYesMob. Indicators YesYesYesMob. Alerts YesYesYes -
Customer Support
Score:We evaluated Customer Support at APL Markets by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria3.9 /10The broker’s customer support shows noticeable weaknesses in responsiveness or communication quality. Delays in replies are common, and resolution may require repeated contact.
In TU testing, response speed was below expectations, and assistance was limited in depth. Traders who rely heavily on support may experience inconvenience.
Contacts Foundation date 2015 Registration address No. 5 Cork Street Belize City, Belize Official site apl-markets.com Contacts info@apl-markets.com +65 6491 9201
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FAQs
What commissions and fees does APL Markets charge for forex trading?
According to the review, APL Markets is rated as having low overall fees, with a fees score of 8/10. Standard accounts use floating spreads, with typical EUR/USD spreads between 0.1–0.3 pips and GBP/USD between 0.2–0.5 pips, while ECN/RAW accounts have an average EUR/USD spread of 0.1 pips and GBP/USD spread of 0.15 pips plus a $3 commission per lot.
What non-trading fees should traders expect at APL Markets?
The review states that APL Markets does not charge deposit fees, withdrawal fees, or inactivity fees. This means non-trading costs such as account maintenance or funding and withdrawal charges are reported as 0 in the provided fee table.
What types of trading accounts does APL Markets offer?
APL Markets provides Demo, Standard, and ECN/Raw spread accounts, with a low minimum deposit and tight spreads on the ECN account noted as advantages. The broker does not offer Cent, Micro, Swap Free, VIP, or Managed accounts, and micro lots are reported as not available.
What do user reviews and feedback say about APL Markets?
Based on available user reviews, APL Markets has a user satisfaction score of 2.4/10 from 5 reviews. The rating distribution is mostly negative, with 80% of reviews at 1 star and 20% at 2 stars, and no 3-, 4-, or 5-star reviews reported.
What trading platforms, tools, and mobile app features does APL Markets provide?
APL Markets supports MetaTrader 4 (MT4) with one-click trading, trading bots (EAs), scalping, alerts, and around 80 indicators, and it offers additional tools such as Trading Central, API access, and a free VPS. For mobile trading, the broker provides iOS and Android apps with 2FA, indicators, and alerts, and the review notes strong mobile ratings (4.6 on the App Store and 4.3 on Google Play) and about 1,000,000 total downloads, though mobile features are described as more limited than on desktop.
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