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.
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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5-star
0%
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4-star
0%
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3-star
0%
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2-star
20%
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1-star
80%
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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
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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
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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 Cent account
- Micro lots are not available
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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.
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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.
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Trading Account Opening
We 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.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 /10This is one of the most accessible and hassle-free onboarding procedures on the market.
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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.
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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 /10 -
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 /10
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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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