APOLLO MONEY broker Accounts

apollo money Account Types & Opening Guide 2025: Complete Comparison and Registration Steps

apollo money Account Types Explained

Apollo Money offers various account types tailored to meet the needs of different traders, from beginners to seasoned professionals. Below is an overview of the available account types:

1. Standard Account

• Minimum Deposit Requirement: ₹5,000
• Spread/Commission Structure: Variable spreads starting from 2.0 pips
• Leverage Options: Up to 1:100
• Key Features:
• Access to a wide range of trading instruments
• Standard execution model
• Target User Profile: Beginners and casual traders
• Trading Instruments Available: Forex, commodities, indices

2. ECN Account

• Minimum Deposit Requirement: ₹10,000
• Spread/Commission Structure: Low spreads from 0.1 pips with a commission of ₹20 per lot
• Leverage Options: Up to 1:200
• Key Features:
• Direct market access
• Faster execution speeds
• Target User Profile: Advanced traders and scalpers
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies

3. Pro Account

• Minimum Deposit Requirement: ₹25,000
• Spread/Commission Structure: Spreads from 0.5 pips with a commission of ₹10 per lot
• Leverage Options: Up to 1:300
• Key Features:
• Enhanced trading conditions
• Professional trading tools
• Target User Profile: Professional traders and institutions
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies

4. Islamic Account

• Minimum Deposit Requirement: ₹5,000
• Spread/Commission Structure: Similar to Standard Account
• Leverage Options: Up to 1:100
• Key Features:
• Swap-free trading conditions
• Compliant with Sharia law
• Target User Profile: Muslim traders
• Trading Instruments Available: Forex, commodities, indices

5. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds)
• Spread/Commission Structure: Same as Standard Account
• Leverage Options: Up to 1:100
• Key Features:
• Practice trading with virtual funds
• Access to all trading instruments
• Target User Profile: Beginners and those testing strategies
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Account, Demo Account
• Intermediate: ECN Account
• Advanced: Pro Account
• Muslim Traders: Islamic Account

Detailed apollo money Account Features

Account Features Comparison

Advantages of Each Account Type

• Standard Account:

• No commission fees

• Suitable for beginners

• Access to educational resources

• ECN Account:

• Low spreads

• Direct market access

• Ideal for high-frequency trading

• Pro Account:

• Enhanced trading conditions

• Lower commission fees

• Suitable for professional traders

• Islamic Account:

• Compliant with Sharia law

• No swap fees

• Suitable for Muslim traders

• Demo Account:

• Risk-free trading environment

• Practice trading strategies

• Access to all trading instruments

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN

• Limited advanced features

• ECN Account:

• Requires a higher minimum deposit

• Commission fees apply

• Pro Account:

• Higher minimum deposit requirement

• May not be suitable for casual traders

• Islamic Account:

• Limited to Muslim traders

• Similar features to Standard Account

• Demo Account:

• No real money trading

• Limited time access

apollo money Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to residents of India and select other countries.
• Prohibited Countries: Specific countries may be restricted based on regulatory compliance.

Identity Verification Documents Needed

• Proof of Identity: Copy of PAN Card
• Proof of Address: Aadhar Card, Passport, Voter ID, or Utility Bill
• Bank Proof: Bank statement or cancelled cheque

KYC/AML Compliance Procedures

• All applicants must complete the Know Your Customer (KYC) process.
• Anti-Money Laundering (AML) checks are performed during the account opening process.

Verification Time Frames

• Account verification typically takes 1-3 business days, depending on the completeness of submitted documents.

Step-by-Step apollo money Account Opening Guide

Detailed Step-by-Step Registration Process

1. Visit Website: Go to the Apollo Money website.
2. Click Registration: Click on the "Open Account" button.
3. Personal Information Entry: Fill in personal details such as name, email, and phone number.
4. Choose Account Type: Select the desired account type from the available options.
5. Set Trading Preferences: Specify trading preferences and leverage options.
6. Document Upload: Upload required identity verification documents.
7. Account Verification: Wait for account verification, which may take 1-3 business days.
8. Fund Your Account: Deposit the minimum required amount to activate the account.
9. Start Trading: Begin trading once the account is funded.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, but mobile users may have a more streamlined experience.

Common Registration Issues and Solutions

• Issue: Document upload failures
• Solution: Ensure documents are clear and in the correct format.
• Issue: Delayed verification
• Solution: Contact customer support for assistance.

Average Account Approval Time

• The average time for account approval is 1-3 business days.

How to Upgrade/Downgrade Account Types

• Users can request to upgrade or downgrade their account type through customer support or their account management dashboard.

apollo money Demo Account Guide

Demo Account Features and Benefits

• The demo account allows users to practice trading with virtual funds.
• Access to all trading instruments available in live accounts.

How to Open a Demo Account

• Visit the Apollo Money website and select the option to open a demo account.
• Fill in the required information and create a demo account.

Demo Account Limitations

• The demo account is limited to virtual funds and does not allow real trading.

Virtual Balance Amount

• The demo account typically starts with a virtual balance of ₹1,000,000.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts require real money deposits.

Duration/Expiry of Demo Accounts

• Demo accounts usually remain active for 30 days, after which they may expire unless extended.

apollo money Islamic Account Details

Swap-Free/Islamic Account Availability

• Apollo Money offers an Islamic account that is compliant with Sharia law.

Eligibility Requirements

• The Islamic account is available to Muslim traders only.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, making them suitable for long-term holding.

How to Apply for Islamic Account

• Traders can select the Islamic account option during the registration process.

Restrictions or Special Conditions

• Islamic accounts may have similar features to standard accounts but must adhere to Islamic finance principles.

FAQs – apollo money Account Types & Opening

1. What account types does apollo money offer？

• Apollo Money offers Standard, ECN, Pro, Islamic, and Demo accounts.

1. What is the minimum deposit for each account type？

• Standard: ₹5,000, ECN: ₹10,000, Pro: ₹25,000, Islamic: ₹5,000, Demo: N/A.

1. How long does apollo money account verification take？

• Verification typically takes 1-3 business days.

1. Does apollo money offer demo accounts？

• Yes, Apollo Money offers a demo account for practice trading.

1. Can I have multiple account types with apollo money？

• Yes, users can open multiple account types.

1. Does apollo money offer Islamic/swap-free accounts？

• Yes, Apollo Money provides Islamic accounts compliant with Sharia law.

1. What documents do I need to open a apollo money account？

• Required documents include PAN Card, proof of address, and bank proof.

1. Can I change my account type after registration？

• Yes, users can request to upgrade or downgrade their account type.