Home -
Alain Fx -

Score

2.05 /10
Danger

Alain Fx

United Arab Emirates

5-10 years

Suspicious Regulatory License

MT5 Full License

Regional Brokers

High potential risk

http://alainfx.com

Add brokers

Comparison

Expose

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index7.26

Risk Management Index0.00

Software Index7.40

License Index0.00

Open Account
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

open now

Broker Information

More

Company Name

Alains Market Solutions Limited

Company Abbreviation

Alain Fx

Platform registered country and region

United Arab Emirates

Company website

X

Facebook

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away!
Previous Detection : 2025-02-09
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Alain Fx · Company summary
Alain Fx Review Summary
Founded2015
Registered Country/RegionUnited Arab Emirates
RegulationUnregulated
Market InstrumentsForex pairs, indices, shares, options, commodities and CFDs
Demo Account✅
Leverage1:1-1:400
SpreadFrom 2.5 pips (Basic account)
Trading PlatformMetaTrader 5
Min Deposit$100
Customer SupportTel: +971 528002611
Email: support@alainfx.com
Twitter: https://twitter.com/Alain_fx
Facebook: https://www.facebook.com/alainforex
Physical Address: Unit 1207, 1 Lake Plaza, Plot NO PH2-T2, Jumeirah Lake Towers, Dubai
Regional RestrictionsUSA, Mauritius, Japan, Canada, Haiti, Iran, Suriname, the Democratic People's Republic of Korea, Puerto Rico, Brazil, the Occupied Area of Cyprus, Quebec, Iraq, Syria and Cuba

Alain FX is a British broker founded in 2015, offering forex pairs, indices, shares and options commodities and CFDs on the popular MetaTrader 5 platform.The company provides three types of accounts, with a minimum deposit set at $100 and leverage up to 1:400.

However, Alain FX has not obtained authorization from any financial regulatory authorities.

In addition, Alain FX does not provide services to residents of the USA, Mauritius, Japan, Canada, Haiti, Iran, Suriname, the Democratic People's Republic of Korea, Puerto Rico, Brazil, the Occupied Area of Cyprus, Quebec, Iraq, Syria and Cuba.

homepage

Pros and Cons

Pros Cons
Multiple trading choicesLack of regulation
Versatile trading accountsHigh spreads
Demo accountsRegional restrictions
Flexible leverage ratios
Commission-free
MT5 support
Multiple payment options
No fees for deposits and withdrawals

Is AlainFx Legit?

The company behind AlainFx, Alains Market Solutions Ltd., has not obtained authorization from the Financial Conduct Authority (FCA) of the United Kingdom or any other regulatory body, lacking legitimate oversight.

What Can I Trade on AlainFx?

AlainFx offers forex pairs, shares and options, commodities and contracts for difference (CFDs) on indices and precious metals. However, it is not advisable to trade any instruments through such an unregulated broker.

Forex pairs: USD / JPY, USD/CHF, USD / CAD, USD/ILS, USD/PLN, USD/CZK, USD/HKD, USD/SGD, USD/MXN and USD/SEK...

Shares and options: US Dollar / Japanese Yen, Australian Dollar / US Dollar, US Dollar / Swiss Franc, US Dollar / Canadian Dollar, WTI Crude Oil/US Dollar...

Commodities: WTI Crude Oil, Gasoil, Brent Crude, Heating Oil, Natural Gas, Wheat, Corn, Cotton...

Indices: US 500 (SPI), US 30 (DOW), US Tech (NDQ), UK 100 (FTS), Germany 30 (DAX), EU Stocks 50 (ESX)...

Tradable Instruments Supported
Forex ✔
CFDs✔
Commodities✔
Indices✔
Shares✔
Options✔
Cryptocurrencies❌
Bonds❌
ETFs❌
What Can I Trade on AlainFx?

Account Type

Apart from demo accounts, AlainFx also offers three types of live trading accounts: Basic Account, Economic Account, and Classic Account. The minimum deposit requirements for these accounts are $100, $500, and $10,000, respectively.

Account TypeMin Deposit
Basic$100
Economic$500
Classic$10,000
Account Type

Leverage

The maximum leverage for the Basic Account is set at 1:400, while for the Economic Account, it is relatively lower at 1:200, and for the Classic Account, it is 1:100.

Account TypeLeverage
Basic1:1-1:400
Economic1:1-1:200
Classic1:1-1:100

However, it is common knowledge that high leverage entails high risk, especially when trading with a broker lacking regulation.

Spread and Commission

Currency pairs spreads listed on the AlainFX seem a little bit wide, the spread on EUR/USD pair around 1.8 pips, EUR/GBP pair around 3 pips, all higher than sector standard.

Spreads also vary depending on various trading accounts, as follows:

Account TypeSpreadCommission
BasicFrom 2.5 pips❌
EconomicFrom 1.7 pips❌
ClassicFrom 0.9 pips❌

All account types are commission-free.

Trading Platform

AlainFx claims to provide the world-leading trading platform MT5, with desktop and mobile versions available. However, we still recommend choosing a regulated broker with legal trading permission from professional platforms like MT4/5 or cTrader.

Trading PlatformSupported Available Devices Suitable for
MT4❌/Beginners
MT5✔Desktop, mobileExperienced traders
Trading Platform

Deposit and withdrawal

AlainFx supports the following deposit/withdrawal methods: credit/debit card, wire transfer, Skrill, Neteller, and WebMoney.

It does not charge any commission for deposits & withdrawal, and it takes 3 to 7 days to withdraw funds.

Deposit and withdrawal

User Reviews

More

User comment

4

Comments

Write a review

Ms程
more than one year
I was having no luck with trading and learning the wrong content till I discovered Alain Fx. Their approach is direct and honest and will take your trading to the next level. Great skills learnt and great teachers of many different types of technical analysis to suit all types of traders.
I was having no luck with trading and learning the wrong content till I discovered Alain Fx. Their approach is direct and honest and will take your trading to the next level. Great skills learnt and great teachers of many different types of technical analysis to suit all types of traders.
Translate to English
2023-02-23 14:09
Reply
0
0
知足
more than one year
Siento que las condiciones comerciales que ofrece esta empresa son demasiado atractivas. Varios instrumentos comerciales, numerosos métodos de depósito y retiro, platforma MT5... La desventaja obvia puede ser que el spread es relativamente alto. Pero esta empresa no tiene ninguna información reglamentaria, por lo que creo que puede ser una estafa. No negociaré con eso Alain Fx.
Siento que las condiciones comerciales que ofrece esta empresa son demasiado atractivas. Varios instrumentos comerciales, numerosos métodos de depósito y retiro, platforma MT5... La desventaja obvia puede ser que el spread es relativamente alto. Pero esta empresa no tiene ninguna información reglamentaria, por lo que creo que puede ser una estafa. No negociaré con eso Alain Fx.
Translate to English
2022-12-06 10:31
Reply
0
0