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Alpho Review 2022

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Trading in leverage products carries a high level of risk and may not be suitable for all investors. Past performance of an investment is no guide to its performance in the future. Investments, or income from them, can go down as well as up. You may not necessarily get back the amount you invested. All opinions, news, analysis, prices or other information contained in our communication and on our website, are provided as general market commentary and do not constitute investment advice, nor a solicitation or recommendation to buy or sell any financial instruments or other financial products or services. Alpho does not offer its services to the residents of certain jurisdictions such as: Afghanistan, Cuba, Crimea, Israel, Sudan, North Korea, Ethiopia, Iran, Bosna and Herzegovina, Iraq, Lao People's Democratic Republic, Syria, Uganda, Vanuatu and Yemen.

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“Alpho was founded in 2016 and is regulated by the Financial Services Authority of Seychelles (FSA). The broker offers clients the ability to trade on 1,000+ financial CFD instruments covering Forex, Shares, Indices and Commodities from the globally renowned MetaTrader 5 platform for Web, Windows and MAC.”

Alpho was founded in 2016 and is a registered trademark name of Gulf Brokers Ltd, a limited liability company regulated by the Financial Services Authority of Seychelles (FSA). The broker offers clients the ability to trade on 1,000+ financial CFD instruments covering Forex, Shares, Indices and Commodities from the globally recognised MetaTrader 5 platform for Web, Windows and Mobile.

Users can access all markets through one account which has a minimum deposit of only $100, leverage up to 1:500 and spreads from 3 pips. Trading is also commission-free on Forex, Indices and Commodities but is commission-based with share trading. The broker also offers demo and Islamic (swap-free) accounts.

The research material and education material is quite limited overall but the content is high-quality and most suitable for beginners. Additionally, the broker offers multilingual customer support 24/5 via email, phone and contact form.

Pros: Cons:
  • FSA regulated.
  • 1,000+ financial CFD instruments
  • Up to 1:500 leverage
  • 24/5 customer support
  • MetaTrader 5 available
  • Limited education and research material.
  • No live chat.

 

About the Author

Jitan Solanki
After discovering techniques to trade pan-European and US equities, Jitan developed a love for a short to medium term trading on indices and commodities, and later on currencies.
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Alpho Main Features
☑️
Regulations
FSA(SC) (Seychelles)
🗺
Supported Languages
English, Spanish, Arabic, Russian, Vietnamese
💰
Products (CFD)
Currencies, Commodities, Indices, Stocks, Futures, Crypto
💵
Min Deposit
$100
💹
Max Leverage
1:500 (FSA(SC))
🖥
Trading Desk Type
STP
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unknownAlpho accepts clients from your country:
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Trading in leverage products carries a high level of risk and may not be suitable for all investors. Past performance of an investment is no guide to its performance in the future. Investments, or income from them, can go down as well as up. You may not necessarily get back the amount you invested. All opinions, news, analysis, prices or other information contained in our communication and on our website, are provided as general market commentary and do not constitute investment advice, nor a solicitation or recommendation to buy or sell any financial instruments or other financial products or services. Alpho does not offer its services to the residents of certain jurisdictions such as: Afghanistan, Cuba, Crimea, Israel, Sudan, North Korea, Ethiopia, Iran, Bosna and Herzegovina, Iraq, Lao People's Democratic Republic, Syria, Uganda, Vanuatu and Yemen.

Alpho Full Review

Alpho Video Review

Investor Protection & Regulations

“Alpho is a registered trademark name of Gulf Brokers Ltd, a limited liability company regulated as a Securities Dealer by the Financial Services Authority of Seychelles (FSA).”

Alpho is a registered trademark name of Gulf Brokers Ltd, a limited liability company regulated as a Securities Dealer by the Financial Services Authority of Seychelles (FSA), as shown on the regulator’s register as shown below:

The broker’s Client Agreement states the company shall take every possible measure to safeguard funds against the use of client funds for its own account but it does not mention funds are segregated. Additionally, there is no mention of negative balance protection.

Tradable Products

“Alpho offers clients the ability to trade on over 1,000+ financial CFD instruments covering Forex, Shares, Indices and Commodities.”

Alpho offers clients the ability to trade on over 1,000+ financial CFD instruments covering Forex, Shares, Indices and Commodities. Below is a list of just some of the available markets for trading:

Forex Indices
AUD/CAD US30
GBPUSD Australia 200
CAD/JPY Euro 50
EUR/DKK France 40
Shares Metals
Telsa Corn
Visa Gold
Alibaba Coffee
Adobe WTI

* Details regarding the available assets are taken from the Alpho website and are correct at the time of this review. You can find a more detailed list here.

Trading costs such as spreads and overnight funding (swap) rates vary depending on the account type opened and instrument being traded and are covered further down this review.

Account Opening

“Alpho offers a single live account that features 1,000+ financial CFD instruments, spreads from 3 pips, leverage up to 1:500 and a minimum deposit of only $100. Demo and Islamic (swap-free) accounts are also available.”

Alpho offers a single live account that features 1,000+ financial CFD instruments, spreads from 3 pips, leverage up to 1:500 and a minimum deposit of only $100. Demo and Islamic (swap-free) accounts are also available.

The main features of the Alpho Trading Account include:

  • Access 1,000+ markets across Forex, Shares, Indices and Commodities.
  • Account leverage of up to 1:500.
  • Spreads from 3 pips.
  • 0.5% (min 20 USD) commission when trading shares.
  • $0 fees on deposit & withdrawals.
  • $100 minimum deposit.
  • $100k free demo account.

Users can open a new account in just a few steps. After clicking the ‘Join’ button on the broker’s homepage, users will be guided through the following steps:

  1. Register: Name, email and phone number.
  2. Personal Information: Date of birth, place of birth, nationality and tax domicile.
  3. Address: Residency address and country.
  4. Income: Gross annual income, total net worth and source of income.
  5. Activation: Verify email address.
  6. Document Verification: Proof of identity (passport or driving licence) and proof of residence (utility bill or bank statement – not more than 3 months old).

The client portal is shown below:

The broker does not accept clients from the United States, Afghanistan, Cuba, Crimea, Israel, Sudan, North Korea, Ethiopia, Iran, Bosna and Herzegovina, Iraq, Lao People’s Democratic Republic, Syria, Uganda, Vanuatu, Yemen and EU residents.

Deposit & Withdrawals Options

“Alpho offers fee-free deposits and withdrawals via debit/credit cards and Perfect Money but even more options depending on geographical region.”

Alpho offers fee-free deposits and withdrawals via debit/credit cards and Perfect Money. The broker’s website does not state any processing times but deposits via debit/credit card and e-wallets such as Perfect Money are usually instant. Additionally, the client agreement only states that withdrawals are processed as soon as possible.

More options are available depending on your region. This includes Nganluong, PayGol, DragonPay, PayCenter, FX88 (Help2Pay), Secure Collect wires (Middle East and available for all International bank accounts), MyFatoorah, VirtualPay, Paymero (China, India and Indonesia and Crypto Processing), BPI Bank wires (Philippines), Fairplay, MPSA (China), iBanqueOne (Wire Solutions, Middle East Asia).

Clients can deposit and withdraw funds through the client portal.

Web & Desktop Trading Platforms

“Alpho offers users the ability to trade on the globally recognised MetaTrader 5 trading platform for Web, Windows and MAC.”

Alpho offers users the ability to trade on the globally recognised MetaTrader 5 trading platform for Web, Windows and MAC. The platform features are highlighted below:

Alpho WebTrader

  • Trade multiple asset classes.
  • Interactive charts.
  • One-click trading.
  • No download needed.

Alpho MetaTrader 5 Desktop

  • Advanced strategy tester.
  • 80+ technical indicators.
  • Expert Advisors.
  • Downloadable on MAC systems.

A screenshot of the Alpho MetaTrader 5 desktop platform is shown below and is covered in more detail in the video review:

Mobile Trading Platforms

“Alpho offers users the ability to access mobile trading on the go from the MetaTrader 5 mobile trading app for Android and iOS systems.”

Alpho offers users the ability to access mobile trading on the go from the MetaTrader 5 mobile trading app for Android and iOS systems. Both app download links can be found in the Google PlayStore or Apple AppStore.

The MetaTrader 5 mobile trading app provides a range of different features including:

  • Trade and manage your account on the go.
  • View real-time quotes.
  • One-click trading.
  • Multiple technical trading indicators.

The MetaTrader 5 mobile trading app is covered in more detail in the video review.

Trading Features

“Alpho does not offer any additional trading features other than what is already available through the MetaTrader 5 trading platform. However, users can take advantage of MetaTrader marketplace to download thousands of additional technical indicators, automated trading strategies and copy trading services.”

Alpho does not offer any additional trading features other than what is already available through the MetaTrader 5 trading platform. However, users can take advantage of the MetaTrader marketplace to download thousands of additional technical indicators, automated trading strategies and copy trading services.

Commissions & Spreads

“Alpho offers commission-free trading on Forex, Indices and Commodities but Share trading is commission-based. The broker also charges a 10 USD per month inactivity account fee.”

Alpho offers commission-free trading on Forex, Indices and Commodities but Share trading is commission-based. The table below shows the average spreads for various markets:

Market Average spread from
EURUSD 3 pips
US 500 2 pips
Coffee 0.8 pips
NatGas 0.025 pips

Share trading is commission-based and a minimum of 20 USD or 0.5% of the volume traded is charged.

For Non-Islamic accounts, overnight funding or ‘swap’ fees are charged on positions that remain open overnight (22:00) GMT. If positions are being held over the weekend a three-day ‘swap’ charge will be charged on Wednesdays.

The broker also charges a maintenance fee of 10 USD per month if there is no trading activity for at least one month or more.

Bonus & Promotions

“Currently, there are no bonus or promotions advertised on the broker’s website.”

Customer Support

“Alpho offers multilingual 24/5 customer support via email, phone and contact form. There is also a small FAQ section covering regulation and account-related questions.”

Alpho offers multilingual (English, Russian, Vietnamese, Arabic, Spanish) 24/5 customer support via email, phone and contact form. There is also a small FAQ section covering regulation and account-related questions.

After calling the customer support number several times, it just rang out with no agent picking up.

Contact Information:

  • Address: Suite C2, 2. Floor, Orion Mall, Palm Street, Victoria, Mahé, Seychelles.
  • Email: support@alpho.com
  • Phone: +44 203 966 0067
  • Social Media:

Research

“Alpho offers market research that includes Market News, Media Articles, a Blog, and an Economic Calendar. ”

Alpho offers market research that includes Market News, Media Articles, a Blog and an Economic Calendar. The main research available is explained below:

  • Market News: Includes the latest market news and stories to help keep users up-to-date with major market events.
  • Media: Alpho regularly writes articles that are shared with other media outlets. Topics vary but include important news stories and analysis of global events.
  • Blog: Alpho’s best analysts share their insights into global markets through a variety of topics that pivot around the financial markets.
  • Economic Calendar: Keep up to date with the latest economic events and data releases.

Overall, the research quality is high-quality and is regularly updated.

Trader Education

“Alpho only provides some trader education videos but the content is limited.”

Alpho provides limited education material. The education section only features four articles that explain how risk instruments work but they are comprehensive and well written.

Trading Experience

“Alpho provides clients access to over 1,000+ financial instruments across Forex, Shares, Indices and Commodities, all through the globally renowned MetaTrader 5 trading platform for Web, PC and MAC.

From our observations, Alpho provides clients with a simple trading offering that would be most suited for beginner traders. There is one live account available that features leverage up to 1:500, spreads from 3 pips and a minimum deposit of only $100.

Additionally, all clients can access 1,000+ financial CFD instruments across Forex, Shares, Indices and Commodities through the globally recognised MetaTrader 5 trading platform for Web, PC and MAC. The broker does not charge any deposit or withdrawal fees but the research and education material is quite limited, although the content is valuable and frequently updated.

FAQ

Is Alpho regulated?

Alpho is a registered trademark name of Gulf Brokers Ltd, a limited liability company regulated as a Securities Dealer by the Financial Services Authority of Seychelles (FSA).

Where is Alpho based?

Suite C2, 2. Floor, Orion Mall, Palm Street, Victoria, Mahé, Seychelles.

How does Alpho make money?

Alpho makes money mainly through spreads, commissions and swaps on certain asset classes.

How do I deposit in a Alpho account?

Funds can be deposited via debit/credit cards and Perfect Money.

What is the min. deposit for Alpho?

The minimum deposit is $100.

How do I withdraw money from Alpho?

Withdrawals can be made from the client portal via debit/credit cards and Perfect Money.

What is the max leverage in Alpho?

The max leverage available is 1:500.

How do I open an account with Alpho?

An account can be opened at the click of a button on the Alpho website and can be done in just a few steps.

Does Alpho use MetaTrader?

Yes, MetaTrader 5.

Conclusion

“Alpho was founded in 2016 is a registered trademark name of Gulf Brokers Ltd, a limited liability company regulated as a Securities Dealer by the Financial Services Authority of Seychelles (FSA). The broker offers clients the ability to trade on 1,000+ financial CFD instruments covering Forex, Shares, Indices and Commodities from the globally renowned MetaTrader 5 platform for Web, Windows and MAC.”

Alpho was founded in 2016 is a registered trademark name of Gulf Brokers Ltd, a limited liability company regulated as a Securities Dealer by the Financial Services Authority of Seychelles (FSA). The broker offers clients the ability to trade on 1,000+ financial CFD instruments covering Forex, Shares, Indices and Commodities from the globally recognised MetaTrader 5 platform for Web, Windows and Mobile.

Users can access all markets through one account which has a minimum deposit of only $100, leverage up to 1:500 and spreads from 3 pips. Trading is also commission-free on Forex, Indices and Commodities but is commission-based with share trading. The broker does also offer demo and Islamic (swap-free) accounts.

There are two options for deposits and withdrawals, debit/credit card and Perfect Money. However, deposits and withdrawals are fee-free.

The research material and education material is quite limited overall but the content is high-quality and most suitable for beginners. Additionally, the broker offers multilingual customer support 24/5 via email, phone and contact form.

  • 1,000+ financial CFD instruments
  • MetaTrader 5 available.
  • Minimum deposit only $100.
  • Maximum leverage of 1:500.
broker

Trading in leverage products carries a high level of risk and may not be suitable for all investors. Past performance of an investment is no guide to its performance in the future. Investments, or income from them, can go down as well as up. You may not necessarily get back the amount you invested. All opinions, news, analysis, prices or other information contained in our communication and on our website, are provided as general market commentary and do not constitute investment advice, nor a solicitation or recommendation to buy or sell any financial instruments or other financial products or services. Alpho does not offer its services to the residents of certain jurisdictions such as: Afghanistan, Cuba, Crimea, Israel, Sudan, North Korea, Ethiopia, Iran, Bosna and Herzegovina, Iraq, Lao People's Democratic Republic, Syria, Uganda, Vanuatu and Yemen.

See Alpho Full Information
Broker General Information
Trading Features
Other Details
Headquarters Country
Seychelles
Foundation Year
2016
Regulations
FSA(SC) (Seychelles)
Publicly Traded
No
Number Of Employees
0-50
Trading Desk Type
STP
Trading platforms
MT4, MT5
Restricted Countries
United States, Cuba, North Korea, Laos, Iran, Iraq, Afghanistan, Yemen, Uganda, Syria, Ethiopia, Vanuatu, Israel, Bosnia and Herzegovina, Sudan
Supported Languages
English, Spanish, Arabic, Russian, Vietnamese
Min Deposit
$100
Max Leverage
1:500 (FSA(SC))
Deposit Options
Wire Transfer, Credit Card, Skrill, Neteller, Ngan Luong, Standard Charted wires, Reddot, PayOp, PayCenter, PayGol, Union Pay, BPI Bank wires, FX88
Withdrawal Options
Wire Transfer, Credit Card, Skrill, Neteller, Ngan Luong, Standard Charted wires, Reddot, PayOp, PayCenter, PayGol, Union Pay, BPI Bank wires, FX88
Products (CFD)
Currencies, Commodities, Indices, Stocks, Futures, Crypto
Demo Account
Yes
Islamic Account
Yes
Segregated Account
Yes
Managed Account
No
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