AppleAiBot is a new broker and they’re vouching for their platform by saying all the things that traders want to hear. The broker implies that if you use their platform, you’ll be giving yourself the “AppleAiBot advantage” which encompasses benefits such as low spreads, superior support and outstanding trading conditions. The self-proclaimed broker wants the community to appreciate their so-called intuitive web-based trading platform which they say will boost your trading accuracy and success.

When a new website appears online and makes bold claims which imply that they’re the best, investigations ensue to ascertain the truth of the matter. Is this broker really going to let us expand our portfolio while giving us an easy time? Is AppleAiBot giving direct access to the global financial markets or is this a market-maker who will be trading behind our backs and making it difficult to consistently profit from our trades?

This review will try to find out if AppleAiBot is serious about implementing what they profess on their website.

Information about AppleAiBot company

Broker website	https://appleaibot.com/
Company	Ai Bot Limited
Owner	Mattoru Devipriya
Telephone number	+41315087565 +41449746634
Email	support@appleaibot.com
Assets	Forex, Commodities, Stocks, Crypto and Indices
Platform	WebTrader terminal
License	⚠️None

A discussion about AppleAiBot broker website

On the AppleAiBot.com website, design is standard yet professional. The homepage slider is where we get a summary of this broker’s promises. You can’t fail to read the bold sentences as they are put right there before your eyes so that you can read and believe.

The account types page provides information about the various plans that traders can choose from if they wish to sign up. The menu section contains links to all the important pages of the broker’s website such as the FAQ, about, account types and so on.

The about page of this broker doesn’t tackle things in a manner that is consistent to how the company advertises themselves. Instead of AppleAiBot telling us who they are, where they started, their achievements and where they’re going, they focus on reassuring quality trading experience where traders of all skill levels are accommodated. It is just a one short paragraph occupying the space which should have been utilized to discuss the real issues.

Going into AppleAiBot client dashboard and trading platform respectively

They usher us into their platform by encouraging people to “step into the trading arena” immediately. There is a form next to these words and as usual, the broker requires names, email, phone number, country and password. After one minute of filling in the form and clicking submit, you will be greeted by a message on your screen, letting you know that the registration was successful.

The user dashboard is very minimalistic. Though it lacks the bells and whistles of a modern CFDs brokerage platform, it still gets the job done nonetheless. If you realize that your user profile is incorrect, you can edit it from this dashboard without having to contact the broker to authorize it.

The account summary section consists of a live account (which we just created) and a demo account which appears to be a dummy. In the real sense, the AppleAiBot platform doesn’t offer any practice accounts. This is obviously a disadvantage if you’re new to trading because lack of practice is the quickest way to lose your funds even before the broker can steal from you.

We’re happy to see various payments methods such as Card, Crypto and Sepa. However, somewhere in their terms and conditions clause, they state that withdrawals can take as long as 5 working days. At the moment we’ve not even verified if AppleAiBot is letting people cash out their profit. We’re also having a hard time believing that this broker has active clients on their platform since they’ve been offering trading services for less than a month now.

Having said this, submitting a withdrawal request is possible through the user dashboard and so is KYC verification. Despite all of the above, the link to the broker’s WebTrader terminal is still missing from the user dashboard. To get this link, you have to scroll downward and click it on the footer section of the website.

Now that we’re inside the WebTrader terminal, we can execute trades as long as we have sufficient margin. On the left side of the charting platform, we have access to myriads of technical tools for our analysis of the markets. It is also possible to switch between timeframes but in this example, we could only stretch it up to the 1 week timeframe. Other brokers let traders work with 1 month or yearly timeframes respectively.

One shortcoming is that if you are new to AppleAiBot WebTrader terminal, you will have to famble a bit before you can realize that it takes scrolling downwards in order to buy and sell the markets with this broker. This is far from being considered user-friendly. As usual, this platform will not accept third-party indicators or Expert Advisors. You will have to find an MT4/5 broker for this compatibility.

The account types of AppleAiBot broker

They are 5 and the broker has intelligently claimed that their $25,000 deposit plan is the “most popular” account type. We really doubt this statement. The broker highlights zero trading fees across all plans, account manager access with customized conseling if you go for an upgrade. Withdrawals are also delayed according to the size of your account. This is not a good thing.

We understand that AppleAiBot is also giving leverage according to the plan which you have signed up for. The higher the deposit, the higher the leverage (up to 1:500). Spreads are unreasonable in the basic account. Furthermore, copy trading is restricted to high plans only.

We’re surpised to see that the broker is also proclaiming to offer a savings feature. This has always been a grey area since CFDs brokers are generally not supposed to operate like financial institutions. This requires a license or authorization from a supervisory authority.

Legal status of the broker

This is where they fail the most. A CFDs broker operating without a license is borderline scam. We can’t gamble and especially AppleAiBot is asking for a whooping $5,000 to just trade their basic account. It’s a risk we’re not willing to take. So now that Apple Ai Bot broker is unlicensed, do you believe they’ll implement their promises to you? This is unlikely.

Website information

We have a very new website professing all the good things and even implying that they got the experience and track record to implement what they claim. We just think that AppleAiBot is too new to give you the kind of trading experience which they’re talking about. Where have they been all this time? Do they have a competent staff that can handle your problems while sustaining a trading environment where efficiency and safety is a priority? We doubt it, seeing that even their trading terminal did not leave up to our expectations.

The Pros and the Cons

Summary of this AppleAiBot broker review

We don’t have nice things to say in the conclusion because the WebTrader terminal is a turn off and the license status of this broker is a major problem to us and to the community. It’s going to take a matter of time before negative reviews of this broker can surface on the internet. It’s not unusual for traders to complain that an unlicensed broker has stolen their funds. While it’s still early to tell, these red flags should not be ignored. Therefore, in our conclusion, we state with confidence that this broker should be a NO to the trading community.

Let us know what you think about AppleAiBot in the comment section and if you have a company you want us to review, please don’t hesitate to shoot us an email.