APL Markets Review 2026

Logo APL Markets
Top Brokers Overview — United States
How we tested APL Markets

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

Chief Analytics Officer

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.

APL Markets provides access to trading Forex, stock CFDs, and a limited selection of cryptocurrencies through MetaTrader 4, with support for both Standard and ECN account types. The broker features institutional options for money managers, offers tight spreads on both account types, and provides tools such as Trading Central research, free VPS, and API access. Mobile apps for iOS and Android receive positive user ratings, and account registration can be completed online with a minimum deposit of $1,000.

However, a notable drawback is regulation is limited to Belize’s IFSC, which is recognized as a Tier-3 authority, and there is no negative balance protection or investor compensation scheme. The broker also lacks Cent and VIP accounts, supports only a restricted range of assets and payment options, and its customer support score is below industry averages. APL Markets may not be suitable for traders who prioritize strong regulatory supervision, a wide asset selection, or high-touch customer service.

Top-5 Brokers Traders Prefer

Trading.com USA
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Trading.com USA
6.9 /10
Regulation Tier-1
EUR/USD 0.9 pips
Plus500
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Plus500
6.7 /10
Regulation Tier-1
EUR/USD 0.5 pips
OANDA
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OANDA
6.6 /10
Regulation Tier-1
EUR/USD 0.1 pips
FOREX.com
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FOREX.com
6.5 /10
Regulation Tier-1
EUR/USD 0.7 pips
IG Markets
Logo IG Markets
IG Markets
6.4 /10
Regulation Tier-1
EUR/USD 0.6 pips

APL Markets User Reviews

Score:
The administration of the website shall not be liable for the accuracy of the reviews and does not have the technical ability to check the reviews for accuracy, as well as establish whether the authors of the reviews are indeed the customers of a specific company. To learn more about how the User Satisfaction score is calculated and how we apply the Customer Satisfaction Score (CSAT) methodology, please read the assessment criteria.
2.4 /10
5 total
  • 5-star
    0%
  • 4-star
    0%
  • 3-star
    0%
  • 2-star
    20%
  • 1-star
    80%
KnutMut
3 years ago

APL Markets gave me my money back. 3 weeks ago I ordered a withdrawal, today they wrote that the application was processed, but how much time has passed!!! I don't like this kind of service. So I take out the rest and leave. Can't recommend.

stzxioThup
4 years ago

Neither on the site nor in the documents did not find an intelligible description of the conditions. The spread size is also not specified, so I had to register and open a demo. The benefit of MT4 is provided, although everything is simple with this. The spreads on the demo are normal and differ little from the spreads of other brokers. The choice of assets is not bad, except that the crypt is not enough. To check the size of the swaps, I left about ten positions open for several days. No, I'll tell you, it's unprofitable to trade in APL Markets in the medium term. I also noticed that the broker does not offer affiliate programs to an ordinary trader, and the IB program does not interest me. There were no slippages, but I traded quite a bit. It never came to opening a real account.

Embun_sutrisno
5 years ago

This is a scammer's office that writes customized reviews on all fronts. All forums and sell ratings are littered with laudatory comments that there is nothing better than APL Markets. People, be prudent - don't give money to scammers.

  • 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 criteria
    8 /10

    The 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 criteria
    4.7 /10

    APL 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
    FSC (Belize)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
    No
    Verification (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 /10

    APL 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
    Yes
    Yes
    Yes
    ECN/Raw spread
    Yes
    No
    No
    Demo
    Yes
    Yes
    Yes
    Cent
    No
    No
    No
    Micro
    No
    No
    No
    Swap Free
    No
    No
    No
    VIP
    No
    No
    No
    Managed
    No
    No
    No
  • 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 methodology
    4.5 /10

    APL 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
    Yes
    Yes
    Yes
    Bank card
    Yes
    Yes
    Yes
    PayPal
    No
    No
    Yes
    Wise
    No
    No
    No
    BTC
    No
    No
    No

    What 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.

  • 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 criteria
    6 /10

    APL 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
    Yes
    No
    Yes
    Commodity futures
    Yes
    No
    Yes
    Crypto 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.
    Yes
    No
    Yes
    Stock indices
    Yes
    No
    Yes
    Options
    Yes
    No
    Yes

    Investment 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
    No
    No
    No
    ETFs
    Yes
    No
    Yes
    Copy trading
    No
    No
    No
    PAMM investing
    No
    No
    No
    Managed accounts
    No
    No
    No
  • 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 /10

    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. 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
    Yes
    Yes
    Yes
    Minimum deposit $1000 $50 $100
    Mandatory KYC
    Yes
    Yes
    Yes
    Registration 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.

  • 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 criteria
    7.7 /10

    APL 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
    Yes
    No
    No
    MT5
    No
    Yes
    No
    cTrader
    No
    No
    No
    TradingView
    No
    Yes
    Yes
    Proprietary platform
    No
    Yes
    Yes
    NinjaTrader
    No
    No
    No
    WebTrader
    No
    Yes
    Yes

    Key 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
    Yes
    Alerts
    Yes
    Trading bots (EAs)
    Yes
    One-click trading
    Yes
    Scalping
    Yes
    Supported indicators 80
    Tradable assets
    No

    Additional 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.
    Yes
    Yes
    No
    API
    Yes
    No
    No
    Free VPS
    Yes
    No
    No
    Strategy (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.
    No
    No
    No
    Autochartist Autochartist is a market scanning tool that identifies trading opportunities by analyzing chart patterns and key price levels.
    No
    No
    No
  • 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 criteria
    8 /10

    APL 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
    Yes
    Yes
    Yes
    Mob. Indicators
    Yes
    Yes
    Yes
    Mob. Alerts
    Yes
    Yes
    Yes
  • 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 criteria
    3.9 /10

    The 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

Best APL Markets Alternatives

Trading.com USA
Logo Trading.com USA
Trading.com USA
6.9 /10
Regulation Tier-1
EUR/USD 0.9 pips
Plus500
Logo Plus500
Plus500
6.7 /10
Regulation Tier-1
EUR/USD 0.5 pips
OANDA
Logo OANDA
OANDA
6.6 /10
Regulation Tier-1
EUR/USD 0.1 pips
FOREX.com
Logo FOREX.com
FOREX.com
6.5 /10
Regulation Tier-1
EUR/USD 0.7 pips
IG Markets
Logo IG Markets
IG Markets
6.4 /10
Regulation Tier-1
EUR/USD 0.6 pips

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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