Score

1.46 /10
Danger

Alpha FX

Saint Vincent and the Grenadines

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Comparison

Quantity 2

Exposure

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Score

Regulatory Index0.00

Business Index6.65

Risk Management Index0.00

Software Index4.00

License Index0.00

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Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

AlphaFx Markets limited

Company Abbreviation

Alpha FX

Platform registered country and region

Saint Vincent and the Grenadines

Company website

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Company summary

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Warning: Low score, please stay away!
Previous Detection : 2024-12-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Pyramid scheme complaint
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Alpha FX · Company summary

General Information & Regulation

Alpha FX, a trading name of AlphaFx Markets limited, is allegedly a suspicious regulated forex and shares broker incorporated in Hong Kong that claims to provide its clients with a wide variety of tradable financial instruments with flexible leverage up to 1:300 and variable spreads from 0.0 pips on the industry-standard MetaTrader5 trading platform, a choice of four different account types, as well as copy trade service and 24/7 customer support service.

Market Instruments

Alpha FX advertises that it offers a wide range of trading instruments in financial markets, including over 60 currency pairs, CFDs, spot metals and indices, and over 180 share CFDs.

Account Types

Apart from demo accounts, there are four live trading accounts offered by Alpha FX, namely Jessie ECN, Chris STP, Jordan ECN and Bernie STP, with the minimum initial deposit amount of $1,000, $500, $200 and $100 respectively.

Account

Leverage

Traders holding different account types can enjoy different maximum leverage ratios. Clients on the Jessie ECN and Jordan ECN accounts can experience leverage of 1:200, while the Chris STP and Bernie STP accounts can enjoy the maximum leverage of 1:300. Inexperienced traders are advised not to use too much leverage since leverage magnifies gains and losses.

Spreads & Commissions

Alpha FX claims that clients on different account types can enjoy different spreads and commissions. The Jessie ECN and Jordan ECN accounts can enjoy raw spreads, while the Chris STP account and Bernie STP accounts can experience spreads of 10 and 20 separately. As for commissions, the broker will charge the Jessie ECN and Jordan ECN accounts a commission of $8 and $15 respectively, while the Chris STP and Bernie STP accounts with no commission. Whats more, different trading assets are quipped with different spreads and commissions. For example, the spread for forex is as low as 0.2 pips, while CFD spread is from 0.4 pips. The stock commission is from $3, while the commission for commodities is as low as $1.25.

Spreads

Trading Platform Available

Platforms available for trading at Alpha FX are MT5 Windows, MT5 IOS – Mobile, MT5 Android – Mobile, MT5 Machintosh and Web Trade (see the below screenshot). In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.

Trading

Deposit & Withdrawal

From the logos shown at the foot of the home page on Alpha FXs official website, we found that this broker seems to accept numerous means of deposit and withdrawal choices, consisting of Skrill, PayPal, TransferWise, Visa, MasterCard and Bank Transfer. The minimum deposit requirement is said to be $250, however, the minimum initial capital to open an account is $100. There is no maximum limit.

Deposit

Bonuses

Alpha FX claims to offer a 100% bonus and its clients can get a bonus for 90 days, yet we cannot be sure if the bonus is available without any condition.

Customer Support

Alpha FXs customer support can be reached by telephone: +16503050125, email: support@alphaforexmarkets.com or send messages online to get in touch. Besides, you can also follow this broker on some social media platforms such as Twitter, Facebook, Instagram, YouTube, Skype, Telegram and LinkedIn. Corporate Office: Office 2204,22/F 299QRC, 287-299 Queens Road Central, Hong Kong.

News

NewsWIKIFX REPORT: Alpha FX says it can cut banking compliance delays for alternative funds

Alpha FX is looking to launch its alternative banking platform in the grand duchy. The firm has hired Nick Maton to head up its Luxembourg operations.

WikiFX
2022-06-29 16:29
WIKIFX REPORT: Alpha FX says it can cut banking compliance delays for alternative funds

NewsWIKIFX REPORT: Alpha FX Group reports 68% jump in revenue for 2021

Alpha FX Group plc (LON:AFX), a high-tech, high-touch provider of FX risk management, accounts and payments solutions to corporates and institutions internationally, today reported its audited Full Year Results for the financial year ended 31 December 2021.

WikiFX
2022-06-29 16:22
WIKIFX REPORT: Alpha FX Group reports 68% jump in revenue for 2021

NewsWIKIFX REPORT: IN BRIEF: Alpha FX shares lifted on nearly doubled profit in full year

Alpha FX Group PLC - London-based foreign exchange risk management and international payments

WikiFX
2022-06-29 16:16
WIKIFX REPORT: IN BRIEF: Alpha FX shares lifted on nearly doubled profit in full year

NewsWIKIFX REPORT: ALPHA FX STOCK RISES MORE THAN 10% FOLLOWING BLOWOUT EARNINGS

Foreign exchange service provider Alpha FX Group PLC (LON:AFX) announced its results for the financial year ending December 31, 2021, which showed solid performance in terms of revenue and earnings growth.

WikiFX
2022-06-29 16:04
WIKIFX REPORT: ALPHA FX STOCK RISES MORE THAN 10% FOLLOWING BLOWOUT EARNINGS

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李春波
more than one year
Lower trading fees and better pricing compared to brokers based in highly-regulated jurisdictions attracted me most. But, I did get a pleasant trading experience on the Alpha FX trading platform.
Lower trading fees and better pricing compared to brokers based in highly-regulated jurisdictions attracted me most. But, I did get a pleasant trading experience on the Alpha FX trading platform.
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2023-02-27 11:51
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Mr.nut
more than one year
They said they provided advanced mt5 trading platform. However, this mt5 cannot be downloaded at all. A big offshore liar. Don’t ever trade with it.
They said they provided advanced mt5 trading platform. However, this mt5 cannot be downloaded at all. A big offshore liar. Don’t ever trade with it.
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2022-12-06 17:21
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