Alpho Review

Category: Reviews | Author: Trading Brokers | Date: December 26, 2023

Alpho is an online broker that offers trading in foreign exchange (forex), contracts for difference (CFDs), indices, shares, and commodities. Established in 2016, Alpho operates as a brand of Gulf Brokers Ltd., which is regulated by the Seychelles Financial Services Authority under license number SD013. In this review, we will look in-depth at Alpho to see if it is a suitable platform for traders. We will examine key factors such as regulation and safety, trading platforms, educational resources, available markets and instruments, account types, funding options, fees and commissions, and more. The goal is to provide an objective assessment of Alpho’s services and trading conditions to help you determine if this broker is a good fit for your needs. So whether you are a beginner seeking a trustworthy broker or an experienced trader evaluating new platforms, read on for the full scoop on Alpho in this transparent and unbiased review.

Pros & Cons

  • Provides a versatile and feature-rich MT5 trading platform
  • Regulated by the Seychelles Financial Services Authority for added trust and security
  • Offers a variety of financial instruments, including forex, indices, stocks, and commodities
  • Alpho offers high leverage, which can potentially increase the profitability of trades
  • Comprehensive educational resources are available, such as a trading academy, blogs, and videos
  • Some popular trading instruments, like precious metals and cryptocurrencies, are not offered
  • Limited availability for residents of certain jurisdictions
  • Alpho is not heavily regulated, which can potentially increase the risk for traders
  • Offshore broker

Summary

Alpho Review

Alpho Review

Alpho is a regulated broker that offers a variety of financial instruments for trading. It’s a brand of Gulf Brokers Ltd., a company regulated as a Securities Dealer by the Seychelles Financial Services Authority (FSA). This provides a level of trust and security for its clients.

The broker offers a wide range of markets for traders to explore, including popular currency pairs in the Forex market, indices, stocks, and commodities. This variety of financial instruments provides traders with plenty of opportunities to diversify their trading portfolios.

Alpho provides the popular MT5 trading platform, which is known for its advanced features and versatility. This platform allows traders to execute trades efficiently and includes advanced graphical and analytical tools for comprehensive market analysis. In terms of educational resources, Alpho offers a trading academy, blogs, and videos. These resources are designed to help both new and experienced traders enhance their trading knowledge and skills.

The broker also offers two types of trading accounts: a Forex and CFD account, and an Islamic account. The minimum deposit to open an account is $100, making it accessible for most regular traders. Overall, Alpho is a solid choice for traders looking for a regulated broker that offers a variety of trading opportunities, a user-friendly trading platform, and comprehensive educational resources.

AvaTrade Logo

Our #1 Broker 2023

AvaTrade is an award-winning and multi-regulated broker offering a great selection of trading instruments including Forex, Cryptos, Stocks and Commodities. You can trade on all of your devices via user-friendly platforms with excellent trading conditions and no commission fees.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

Regulation

When it comes to regulation, Alpho is a brand of Gulf Brokers Ltd., a limited liability company regulated as a Securities Dealer by the Seychelles Financial Services Authority (FSA) under license number SD013.

This means that Alpho operates under the oversight of a recognized financial authority, which is a positive sign for traders looking for a regulated broker. However, it’s worth noting that Alpho is not regulated by the Financial Conduct Authority (FCA) in the UK. While this doesn’t necessarily mean that Alpho is not a safe broker, some traders, especially those based in the UK, might prefer to use a broker that is regulated by the FCA for added security and peace of mind.

While Alpho is a regulated broker, its regulatory status may not meet the requirements of all traders, particularly those who prefer brokers regulated by certain authorities like the FCA. If you’re one of those traders, you might want to consider other options. Please see a list of regulated brokers for some alternative options.

Platforms & Tools

Alpho offers its clients the popular MetaTrader 5 (MT5) trading platform. MT5 is a widely used platform in the trading world, known for its advanced graphical and analytical tools, as well as its support for automated trading systems and copy trading. This platform allows traders to access a wide range of financial instruments, including Forex, cryptocurrencies, spot metals, energies, commodities, indices, bonds, and popular shares like Google, Apple, and Facebook.

MT5 Trading Platform

MT5 Trading Platform

MT5 is available for various devices, including desktop computers, smartphones, and tablets, making it convenient for traders to access their accounts and monitor their trades from anywhere. The platform also offers real-time execution of trades, ensuring that traders can capitalize on market opportunities as they arise. This platform caters to the needs of both beginner and experienced traders, offering a wide range of trading instruments and tools to help them succeed in the market.

Some of the key tools available on the MT5 platform include:

  • Real-time market data: MT5 offers real-time market data, allowing traders to make informed decisions based on the latest market movements.
  • Technical analysis tools: The platform provides a wide range of technical analysis tools, such as various chart types, timeframes, and indicators, to help traders analyze market trends and make better trading decisions.
  • Automated trading: MT5 supports the use of Expert Advisors (EAs), which are automated trading systems that can execute trades on behalf of the trader based on predefined strategies.
  • Copy trading: The platform also offers copy trading features, allowing traders to follow and copy the trades of successful traders, which can be a useful tool for beginners looking to learn from more experienced traders.
  • Multi-device compatibility: MT5 is available for various devices, including desktop computers, smartphones, and tablets, making it convenient for traders to access their accounts and monitor their trades from anywhere.

Education

Alpho provides a variety of educational resources to help both new and experienced traders enhance their trading knowledge and skills. Here’s a look at what they offer:

  • Trading Academy: Alpho’s Trading Academy is a comprehensive learning platform designed to educate traders about the basics of trading, advanced trading strategies, market analysis techniques, and more. It’s a great resource for beginners who are new to trading and want to learn the ropes before diving into live trading.
  • Blogs: Alpho’s blog section provides a wealth of information on various trading-related topics. These blogs cover a wide range of subjects, from market news and analysis to trading strategies and tips. They are a great resource for traders who want to stay updated on market trends and gain insights from experienced traders.
  • Videos: Alpho also offers educational videos that cover a wide range of topics. These videos are designed to provide visual and interactive learning experiences, making complex trading concepts easier to understand. They cover topics like how to use the trading platform, trading strategies, market analysis, and more.

These educational resources provided by Alpho can be very beneficial for traders of all experience levels. Whether you’re a beginner looking to learn the basics or an experienced trader looking to refine your strategies, these resources can provide valuable insights to help you navigate the trading world.

Markets

Alpho offers a wide range of financial instruments for traders to explore. Let’s take a closer look at what they have on offer:

  • Forex: Alpho provides access to the forex market, allowing traders to trade various currency pairs. This is a great option for those who want to take advantage of the 24/5 nature of the forex market.
  • Indices: If you’re interested in trading on the performance of a group of stocks, Alpho has got you covered with a selection of popular global indices.
  • Shares: Alpho also offers trading on individual company shares. This means you can trade on the performance of companies like Google, Apple, and Facebook, among others.
  • Commodities: For those interested in trading commodities, Alpho offers a selection of popular commodities. This includes things like oil, gold, and other commonly traded commodities.

Accounts

Alpho offers traders the following account types:

  • Forex and CFD Account: This is the standard trading account offered by Alpho. It allows traders to trade a wide range of financial instruments including popular currency pairs in the Forex market, indices, stocks, and commodities. The minimum deposit to open this account is $100, making it accessible for most regular traders.
  • Islamic Account: Alpho also offers an Islamic account, which is compliant with the Sharia law. This account type is specifically designed for traders of the Islamic faith who want to trade under their religious beliefs. It operates under the principle of no swap or interest on overnight positions, which is in line with the Islamic prohibition of usury.

Both account types are denominated in USD and offer maximum trading leverage of up to 1:500 for Forex instruments. This is relatively high and can provide traders with the potential for higher profits. However, it’s important to note that leveraged trading also carries a higher level of risk, especially for inexperienced traders.

Funding

When it comes to funding your trading account, Alpho keeps it simple. While the official Alpho website does not provide specific information about all the account funding methods, it does show the VISA/MasterCard credit card logo. This suggests that Alpho supports at least VISA and MasterCard for deposit and withdrawal. This means you can easily fund your account using your VISA or MasterCard credit card, which is a convenient option for many traders. However, it’s always a good idea to check with the broker for any additional funding methods they might support, as well as any potential fees associated with deposits and withdrawals.

Conclusion

In conclusion, Alpho is a regulated broker that offers a range of trading opportunities across various markets. With two types of accounts, a user-friendly trading platform, and a selection of funding methods, Alpho caters to a wide range of traders. Their educational resources, including a trading academy, blogs, and videos, provide valuable insights for both new and experienced traders.

However, it’s worth noting that while Alpho offers strong features, there are other brokers with longer track records that might be worth considering as alternative options. For additional choices, we encourage you to explore our trading broker reviews.

Alpho Logo

$100

Alpho is an experienced online broker that offers global market access to trade over 250 Forex & CFDs instruments. It is a licensed and regulated broker, authorized by the Financial Services Authority of Seychelles (FSA).

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.


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Trading Brokers
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