AltitudeFX

What is AltitudeFX?

AltitudeFX is a CFD trading platform offering access to Forex, Commodities, Indices, and Stocks. For Forex trading specifically, it provides leverage of up to 1:500 and spreads starting from 0.0 pips.

Trading is supported through multiple platforms, including MetaTrader 5, AltitudeFX WebTrader, and a mobile application.

The minimum deposit required to start trading is $100. In terms of security, the platform incorporates features such as two-factor authentication and advanced data encryption to help safeguard client accounts.

Pros & Cons

Is AltitudeFX Legit?

AltitudeFX is regulated under the jurisdiction of Bermuda, overseen by the Bermuda Monetary Authority (BMA). Its regulatory status is categorized as “Exceeded” under the BMA's framework. The platform holds a Common Business Registration license (License No. 46046) issued by the Bermuda Monetary Authority, which outlines its compliance with local regulatory requirements for financial services operations in Bermuda.

Market Instruments

AltitudeFX offers access to over 100 tradable products across four main categories:

• Forex: Trade a range of global currency pairs, from major to minor.
• Commodities: Access markets like gold and oil for portfolio diversification.
• Indices: Trade major global indices including S&P 500 and NASDAQ.
• Stocks: Invest in leading global companies, from tech giants to blue-chip firms.
  

Account Types

All offer maximum leverage of 1:500, up to 200 open positions, and minimum trading size of 0.01 lots (micro lots), along with demo accounts and easy onboarding. Key differences:

• Popular & Classic: Spread starts from 1.0 pips, zero commission, but Popular has no minimum deposit (suitable for all traders), while Classic requires $100 (best for discretionary traders).
• Pro: Tighter spread from 0.0 pips but charges $7/lotcommission\ast \ast ,requires\ast \ast$2,000 minimum deposit, optimized for EAs and scalpers.
• Copy Trading: Spread starts from 1.0 pips, zero commission, with deposit requirements based on signal providers, designed for new traders.

Leverage

AltitudeFX offers flexible leverage options. This range of leverage options allows traders to enhance their market exposure while employing appropriate risk management strategies.

Forex trading provides the highest leverage at up to 1:500, allowing traders to control significant positions with a smaller capital investment.

Spreads & Commissions

AltitudeFXs fee structure primarily includes spreads and commissions, with variations across account types. For Forex trading, spreads start from 0.0 pips, while commissions are zero for most accounts—only the Pro account charges a $7.00 commission per standard lot. Additional costs may include overnight financing fees for positions held past market close, though specific rates depend on the instrument and leverage used. There are typically no hidden fees for deposits or withdrawals.

Trading Platforms

AltitudeFX satisfies diverse trading preferences through its range of platforms.

MetaTrader 5, commonly known as MT5, is a robust trading platform offered by AltitudeFX, renowned for its comprehensive suite of tools and features. MT5 is highly favored among traders for its advanced charting capabilities, technical analysis tools, and support for automated trading through Expert Advisors (EAs).

The Altitude FX WebTrader is a proprietary platform designed to offer seamless and convenient trading directly through web browsers, eliminating the need for any software downloads. This web-based platform features a user-friendly interface that facilitates easy navigation and quick trade execution.

The Altitude FX Mobile App is tailored for traders who require the ability to trade anytime and anywhere. This mobile app provides comprehensive trading functionality, including order execution, portfolio management, and interactive charting, all from a smartphone or tablet. You can download it from the Apple Store and Google Play.

Customer Service

AltitudeFX provides customer service through Telegram, a contact form on their website, and 24/7 availability.

Telegram: AltitudeFX provides customer support via Telegram, accessible at https://t.me/altitudesupport, allowing for real-time assistance.

Contact Form: The website includes a contact form for submitting queries, with the support team typically responding within a reasonable timeframe.