Alphafx Market Review
Alphafx Market is a forex broker that allows clients to trade over 100 financial instruments across different asset classes — forex, CFDs, precious metals, cryptocurrency, indices, futures, and more — through the MT5 trading platform. They also enable customers to plan their trades effectively using a range of useful trading tools, educational resources, and customer support. There are more than 10 account options to choose from with a required minimum deposit of $10.
Pros / Cons
- Advanced trading platform
- Educational resources
- Multiple trading account types
- Over 100 trading instruments
- Offshore regulation
- No MetaTrader 4 platforms
- Not the lowest commissions
- No USA traders
In this detailed Alphafx Market review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
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Alphafx Market Overview
Headquartered in London, United Kingdom, Alphafx Market is an ECN/STP broker that offers access to several financial markets. Trades are executed on the MetaTrader 5 (MT5) trading platform, which is available in desktop, web, and mobile versions. Traders benefit from a selection of competitive trading conditions, including multiple trading tools, over 10 account options, several payment methods, flexible leverage, ECN spreads, and more.
Alphafx Market Regulation
AlphaFx Markets Limited is licensed and regulated by the Financial service authority of Saint Vincent and the Grenadines with IBC license number 26001 BC 2020.
Alphafx Market Countries
The broker does not offer their services to residents of any country or jurisdiction where the use of such services would be contrary to local law or regulation.
Some Alphafx Market features and products mentioned within this Alphafx Market review may not be available to traders from certain countries because of legal restrictions.
Alphafx Market Platforms
Trades are carried out with the MT5 trading platform, which was launched in 2010 by MetaQuotes. MT5 is a robust and versatile trading platform that is designed for both basic and advanced traders alike. It is one of the most advanced multi-asset platforms for trading multiple financial markets. MT5 features flexible trading systems, algorithmic trading, multiple charting & analysis, and one-click trading. The platform is designed to operate on any device; hence, it is available in desktop, web, and mobile trading app versions.
Alphafx Market Trading Tools
The broker tries to provide traders with multiple trading tools to ensure a hitch-free trading experience.
Alphafx Market Education
Traders are also provided with a range of educational materials that are designed to improve their trading knowledge whilst keeping them in the know of the latest happenings in the financial markets. The materials include newsletters, tutorial videos, learning articles, trading guides, and more.
Alphafx Market Instruments
Alphafx Market offers the following trading assets: forex, CFDs, precious metals, cryptocurrency, indices, futures, and more.
Alphafx Market Accounts & Fees
The broker provides traders with a wide choice of trading account types: ECN Pro, ECN Super, ECN Standard, ECN Rookie, ECN Trader, Jessie, Jordan, Chris, Bernie, George, and DeCent Accounts. The accounts offer unique features to suit clients’ individual trading needs and objectives. Some of them include minimum deposit that starts from $10, ECN spreads, low commissions, leverage of up to 1:300, and more.
As broker fees can vary and change, there may be additional fees that are not listed in this Alphafx Market review. It is imperative to ensure that you check and understand all of the latest information before you open an Alphafx Market broker account for online trading.
Alphafx Market Support
The broker’s customer support team is always available via the following contact channels: telephone, email, Live Chat, feedback form, and social media — Facebook, Twitter, Instagram, and Skype.
Alphafx Market Deposit & Withdrawal
All account deposits and withdrawal requests can be processed using any of the following payment methods:
- Bank wire transfers
- Credit/Debit Cards: such as Visa, MasterCard, and Maestro
- Online Payment Processors, including PayPal, Neteller, and Skrill
The time taken to process transactions may vary depending on the payment method in use.
Alphafx Market Account Opening
To open an account, click on the ‘Open Trading Account’ button on the home page and fill in the account application form. Then, click on ‘Register’ to submit and await account approval.
It is imperative to ensure that when you are going through a broker application, you read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree with them.
Alphafx Market Summary
Overall, Alphafx Market is an online retail trading broker that offers an easy way to trade in the global financial markets using the MT5 platforms. Other features of the broker include multiple trading account types, trading tools, leverage of up to 1:400, ECN spreads, and more. Alphafx Market is regulated by the SVGFSA.
Trading of securities, forex, stock market, commodities, options, and futures may not be suitable for everyone and involves the risk of losing part or all of your money. Trading in the financial markets has large potential rewards, but also large potential risks. You must be aware of the risks and be willing to accept them to invest in the markets. Don’t invest and trade with money that you can’t afford to lose.