Apollo Capital Review: Is this a Scam Crypto Fund
An alleged Australian Crypto Investment firm, Apollo Capital (Apollocap.io) review, is here. Investors should not confuse this platform with Apollo Global Management. The theme and ideas are the same, but the team behind Apollo Cap is not. Due to the numerous complaints and requests from investors, we had to conduct an investigation. The entire study took around three weeks to complete. What we found out regarding this platform should be shared with investors. We believe we must protect all online investors from shoddy investment platforms.
About Apollo Capital
Their homepage is well-designed; we have to give them that. One of the problems with their website is navigation. The user interface is not that engaging since there is no adequate information on the platform. They fail to give users the entire history of the platform, which is a huge problem. A genuine investment platform should be open about their background and history. The only information we have is images of their team members whose profile is not confirmed.
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Apollo Capital is not clear on who they are, and this poses a lot of questions. Although they have an about us page, it does not clearly define the platform. After landing on their about us page, a few details emerged. The platform does not spell out its investment portfolio. They should give full information on how their Crypto investment plans work. Although the platform looks legit, they should be upfront on the services they provide. Data is crucial when it comes to online investment.
Awards
The platform claims to have won the Crypto Fund Research award 2019. They have a banner of the award, but we could not find the full details of the award ceremony. From our experience, a good platform will have a video presentation of the award. For all we know, this could be a copied banner from another source. We don’t want to trash the platform, but, they should do a better job with the execution. The award should also come with pictures of one of their team receiving it.
Business owner
On their homepage, they claim that a team of world-class traders operates the platform. They go ahead and state that these traders are experienced in fund management. The areas the team boasts include Crypto analysis and venture capital. There is no proof of this as a majority of Crypto investment firms do use this claim. They all want to claim to help investors make money for Crypto investment. The team behind this platform claims to have over 25 years of Crypto assets experience.
If they have over 25 years of Crypto investment, they should by now have the most popular Crypto investment platform. If it was 25 years ago, Bitcoin or Crypto assets were not discovered by that time. Henrik Anderson is the team’s CEO, while Tim Johnston is the managing director. Mr. Henrik appeared on the website Cryptoinvestmentsummit.com as a guest speaker. He has also been spotted at the APAC Blockchain conference. And this helps prove that this is a real person and not a made-up character.
Comments from users
There has been no customer rating or review of this platform despite their 25 years claim. And this is odd considering the time they claim to be in the Crypto investment world. Even in their Venture capital platform, there is no customer review. And this points to the fact that this is a new Crypto investment platform. Henrik and his team have built a Crypto investment platform and are trying to get a few investors to sign up. With no reviews, investors will be hesitant to sign up with the platform.
Domain details
After looking at their domain history, it is now clear that the platform is barely three years old. A domain checker reveals that the website went live on 11th November 2017. They have made three unique IP changes over the last three years. And this means that the website could have changed ownership. It also means that the site could have been used to sell another Crypto asset. The inaccuracy of the site implies that they are not reputable and don’t have a robust online presence.
Features of Apollo Capital
Users will have to pay a performance fee of 20 percent, which is subject to the high-water mark. The program has a minimum term of three years. It means that once you deposit funds, investors will be locked out for three years. They will have to wait and see whether the platform has made any profit. Since its inception, there have been no posts from satisfied clients. And this could point to a platform that is a disgrace to the trading community. The platform is out of touch with the reality of Crypto investment.
License and Registration of Apollo Capital
Apollo Capital is operating under Non-Correlated Capital Pty Limited. They claim to be based in Melbourne Australia and have a license from AFSL. The Australian Financial Services License has this company license number as 499882. There is no proof that the company has any links with the Crypto investment platform we are reviewing. Their main website noncorrelatedcapital.com does not mention having a sister company. And this is worrying news to investors.
It could mean that Apollo Capital is using another platform’s license number as their own. Non-Correlated Capital Pty Limited is only licensed to offer foreign exchange contracts. No licensing regulator gives them the right to trade Crypto. That information means that this platform does not guarantee the security of funds. Once users deposit funds with this platform, there is are money-back guarantee features. And this is where investors end up losing funds with such a platform.
Depository requirement
Apollo Capital required a deposit of $50,000, which is the minimum acceptable price. After depositing this amount, users are locked out for three years. With this price, it means their Crypto fund is out of reach for a majority of investors. Even if an investor can afford such an amount, users would want to see some proof of concept. A smaller amount would suffice to help prove the platform’s capabilities. The problem is that their Crypto fund does not provide this option.
Performance and trading results
Their performance page is not convincing, and no sane investor would consider such results. From the look of things, this is just a table showing different results. The only way to believe the results is if a third party could audit and verify these results. Without actual verification, they remain to be random numbers with a projected profit income. For those who can’t afford the asking price, they remain locked out of this platform. Remember, there is no customer feedback or reviews with this platform.
Scam or Legit Apollo Capital
Apollo Capital is a Crypto investment platform with no precise details of its proof of concept. They remain to be another crypto investment platform with no actual results. Without real interaction with clients, it becomes a risk to deposit $50,000 with them. There are no security guarantees once the deposit is made. The platform also fails to give users assurance that their deposit is covered by insurance. Once the platform goes under, there is no way or recovering the funds.
Bottom line
There comes a time that reality must be pointed to investors. And this time is now when it comes to Crypto investments. The best alternative to such platforms is using expert-backed products. With high risk being involved with this product, a lot leaves to be desired.
Stay safe and use honest and genuine Crypto robots tested by the trading community.Â
Luca Riolo
March 6, 2020 @ 11:52 pm
Ho molte cose da dire su Apollo Capital … dato che ho il sentore che sia una società poco trasparente… ci sono dentro attualmente ma con mille perplessità … contattatemi
Mr R J De Aroujo
November 19, 2021 @ 9:50 pm
This company is a scam!! People losing their money and they don’t pay.
ALAN
November 25, 2021 @ 4:20 pm
plusieurs amis ont reussi a retirer de l argent, mais en petite quantité, genre 2000$ ,une autre amie attends toujours depuis plusieurs semaine pour un retrait de 155 000$, ils ont toujours de nouvelles excuses pour ne pas payer!