Alpho Review: The new era broker

Alpho offers commodities, indices and stocks trading. Fee-free withdrawals and deposits are definitely an advantage. Thanks to this, clients can easily move their inputs without worrying about any possible profit reduction.

This broker is relatively new, it was established in 2016 with its headquarters in Seychelles. It`s suitable for retail traders as well as institutional investors. Alpho a registered brand name of Gulf Brokers Ltd – FSA regulated company.

Alpho provides access to a broad array of instruments that can be traded on the advanced MetaTrader 5 platform. The maximum leverage is 1:500, to open a standard account, you need a deposit of 100$. This broker also offers a demo account to explore the broker’s offering. Open one single account and that grants full access to all the 886 instruments which are available to trade.

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Alpho Website Design

At first glance, newcomers in the stock market prefer simplicity. Key features of the website are muted colors, clear structure, simple layout and user-friendly environment.

Website Features

Alpho Trading Information

Investors can use mobile or desktop version using a modern Metatrader 5 platform. Another advantage of the website is demo account, yet this option could be more visible on the website. Thus, this benefit should be visually highlighted. Opening an account is possible after inserting some registration data. Then, the client receives an e-mail with log in information and has to verify it to activate the account.

The interface is functional, reliable but similarly to the website not sufficiently highlighted. However, visual aspects are rather a matter of personal taste. It’s worth to mention that Metatrader 5 is one of the fastest platforms. It is the fifth version of this popular trading platform. Clients can choose from two trading options. One-click trading is a really fast option, then the usual way of order setting requires button using.

More experienced traders can choose from more setting options (charts and so on). The simplicity of Metatrader 5 guarantees speed, yet the amount of provided information is limited.

Alpho, MetaTrader5, broker review

Alpho Instruments

Alpho offers advanced financial chart comparison tools, a demo account, financial market and investment analysis backed by research from top analysts, and the following tools:

  • Commodities
  • Shares
  • Forex
  • Indices
Alpho trading instruments, broker review, reliable broker

Regulations

Alpho is a trademark of Gulf Brokers Ltd as confirmed on the broker’s websites. Gulf Brokers Ltd is authorized and regulated by the Financial Services Authority of Seychelles (FSA). The Financial Services Authority of Seychelles is the regulator for non-bank financial services in Seychelles. You can read all the information about their rules on their website.

Demo account

As I mentioned before, it is possible to open a demo account with Alpha. It’s free, but I couldn’t find any information about when the demo account expires or how much virtual money you have available. After logging in, I received information about the demo account by email. I have a virtual deposit of $100,000 to learn how to trade. A demo account is free. I can also have full access to the MetaTrader 5 platform. The broker does not indicate whether the demo account will expire or whether it is available for an exact period.

Alpho-Fees

Broker Alpho also has monthly maintenance fees of $10 for all their current and new trading accounts and a monthly inactivity fee. They do not appear to charge any deposit or withdrawal fees, although a fee may be charged to merchants by selected payment processors. Therefore, transfer fees may apply. All these charges are available on their website for you to go through.

Alpho-Registration

You can connect from any position on the page, the button to connect is always visible. I just couldn’t find a way to connect to the demo account. I found a review on the Internet with a link to open a demo account, through which I connected. However, I wasted my time searching.

Alpho, broker review, registration

After filling in the information, I received an email that the login was successful and I should now go to “MyZone”. After clicking “Go to MyZone” another option appeared to choose whether I wanted a demo or live account. I immediately received two confirmation emails. One verification email with a clickable link and finally some information about “MyZone”. The second email contained a summary of my login information. I was ready to try the demo account, after logging in I was forced to log in again. After typing the password and name, I am in my demo account.

Website

The broker’s website is clear and has a fairly clean and modern design. In addition to English, five other translations are available, unfortunately Slovak and Czech are missing. Therefore, at least a basic knowledge of English is required to fully understand the site. The interface is functional and reliable. The design of the pages is simple, the colors are muted, all the buttons are functional. In Education you will find many articles that will explain how to trade or what the risks are. For example: “Mobile trading: high profits and high risks”, “Top 10 trading tips for beginners” and so on.

Alpho, education, website, education section, reliable broker

Alpho Media

Alpho Summary-Pros and Cons

alpho represents modern investment options – fast and simple. Alpho broker is the perfect choice if you’re looking for an easy, fast and reliable broker.Alpho is well experienced in offering Forex trading, CFD trading, Stock and Index trading, Cryptocurrency trading and Commodity trading. Alpho is regulated by the Financial Services Authority Seychelles (FSA SC). This means that Alpho is regulated by a jurisdiction that may hold the broker liable for its misconduct; or better yet play an arbitration role in case of larger disputes. Their website works great and their social networks are up to date. The level of the spread varies significantly between instruments, but this is quite common in this market.

Pros:

  • Regulated by the Financial Services Authority Seychelles (FSA SC)
  • MetaTrader 5 platform
  • A wide range of trading tools
  • deposit from 100 USD

Cons:

  • Not regulated by the FCA
  • No chatbot
  • Limited account types
  • Fees should be transparent and easy to find
Our Score

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