Aspect	Information
Company Name	ALPFOREX
Registered Country/Area	China
Founded Year	2019
Regulation	Unregulated
Minimum Deposit	$10
Maximum Leverage	1:500
Spreads	Variable, starting from 0.2 pips
Trading Platforms	MetaTrader 4 (MT4)
Tradable Assets	Forex, CFDs on indices, commodities, and metals
Account Types	Standard, ECN, CENT
Demo Account	Yes
Customer Support	24/7 live chat, email, and phone support
Deposit & Withdrawal	Various methods, including bank transfers, e-wallets, and credit/debit cards
Educational Resources	eBooks, webinars, and video tutorials

Overview of ALPFOREX

ALPFOREX is a Forex trading broker founded in 2019 and based in China. Although it offers a range of features like different account types, a demo account, and educational resources, it's important to note that it is not currently regulated by any financial authorities. This means there are potential risks associated with trading through ALPFOREX, as your funds are not protected by any regulatory body.

ALPFOREX offers access to the popular MetaTrader 4 platform and allows trading in Forex, CFDs on indices, commodities, and metals. The minimum deposit is $10 and the maximum leverage is 1:500. Spreads are variable and start from 0.2 pips. Customer support is available 24/7 via live chat, email, and phone. Deposits and withdrawals can be made through various methods, including bank transfers, e-wallets, and credit/debit cards. Educational resources are also available in the form of eBooks, webinars, and video tutorials.

Overall, ALPFOREX provides a range of features and resources for Forex traders. However, it's crucial to consider the lack of regulation before making any decisions about trading with this broker.

Pros and Cons

Pros	Cons
Minimum deposit of $10	Unregulated by any financial authorities
Access to MetaTrader 4 platform	Potential risk of losing funds
Demo account available
Educational resources available

Pros:

• Minimum deposit of $10: This makes ALPFOREX accessible to a wider range of traders, including beginners who may not have a large amount of capital to invest.

• Access to MetaTrader 4 platform: MT4 is a popular and user-friendly trading platform that is used by millions of traders around the world. It offers a wide range of features and tools that can help traders to analyze the markets and make informed trading decisions.

• Demo account available: This allows traders to practice trading with virtual funds before risking any real money. This is a great way to learn the ropes of trading and test out different strategies.

• Educational resources available: ALPFOREX provides a variety of educational resources, such as eBooks, webinars, and video tutorials. These resources can help traders to learn about the Forex market, trading strategies, and risk management.

Cons:

• Unregulated by any financial authorities: This is the biggest drawback of ALPFOREX. As an unregulated broker, ALPFOREX is not subject to the same oversight and regulations as regulated brokers. This means that there is no guarantee that your funds are safe or that ALPFOREX will conduct its business in a fair and transparent manner.

• Potential risk of losing funds: As an unregulated broker, ALPFOREX is not required to segregate client funds from its own operating funds. This means that if ALPFOREX goes bankrupt, you may lose all of your trading capital.

Regulatory Status

ALPFOREX is an unregulated broker, meaning it is not subject to the same level of oversight and scrutiny as regulated brokers. This carries an increased risk for investors, as there is no guarantee of fund safety or fair trading practices. Before considering Obo Holding Ltd, carefully evaluate the risks and compare their terms and conditions with those of regulated brokers.

Market Instruments

ALPFOREX offers three main products for trading: Forex, Indices, and Gold/Silver Bars.

Forex

Forex, or Foreign Exchange, is the market where different currencies are traded. ALPFOREX offers competitive spreads on a wide range of Forex pairs, including EUR/USD, USD/JPY, and GBP/USD. You can trade Forex with ALPFOREX using MetaTrader 4.

Indices

Indices are measures of the overall performance of a stock market. ALPFOREX offers CFDs on a variety of major indices, including the S&P 500, Dow Jones Industrial Average, and NASDAQ Composite. You can trade indices with ALPFOREX using MetaTrader 4.

Gold/Silver Bars

Gold and silver are precious metals that are often used as a hedge against inflation. ALPFOREX offers CFDs on gold and silver bars. You can trade gold and silver with ALPFOREX using MetaTrader 4.

Account Types

ALPFOREX offers three types of trading accounts: Standard, ECN, and CENT.

Standard Account

The Standard account is a good choice for new traders who are just starting out. It has a minimum deposit of $10 and offers variable spreads starting from 1.0 pips. There is no commission charged on Standard accounts. The maximum leverage for Standard accounts is 1:1,000.

ECN Account

The ECN account is a good choice for experienced traders who want the tightest spreads possible. It has a minimum deposit of $10 and offers raw spreads starting from 0.0 pips. There is a $10 commission charged per lot on ECN accounts. The maximum leverage for ECN accounts is 1:500.

CENT Account

The CENT account is a good choice for traders who want to trade with smaller amounts of money. It has a minimum deposit of $10 and offers variable spreads starting from 1.0 pips. There is no commission charged on CENT accounts. The maximum leverage for CENT accounts is 1:1,000.

Account Type	24/7 Live video chat support	Withdrawals	Demo account	Copy Trading tool	Bonus	Other features
Standard	Yes	Yes	Yes	Yes	No	Access to MetaTrader 4 and MetaTrader 5 trading platforms
ECN	Yes	Yes	Yes	Yes	No	Access to MetaTrader 4 and MetaTrader 5 trading platforms
CENT	Yes	Yes	Yes	Yes	No	Access to MetaTrader 4 and MetaTrader 5 trading platforms

How to Open an Account？

How to Open an Account with ALPFOREX

1. Visit the ALPFOREX website. Go to the official ALPFOREX website at https://alpforex.com/.

2. Click on “Open Account.” You will find the “Open Account” button in the top right corner of the website.

3. Fill out the account application form. The account application form will require you to provide some basic information, including your full name, email address, phone number, and country of residence.

4. Choose your account type. ALPFOREX offers three different account types: Standard, ECN, and CENT. Choose the account type that best suits your trading needs and experience level.

5. Verify your identity. You will need to upload a copy of your government-issued ID and proof of address to verify your identity.

6. Deposit funds into your account. You can deposit funds into your account using a variety of methods, including bank transfers, e-wallets, and credit/debit cards.

7. Download the MetaTrader 4 platform. The MetaTrader 4 platform is the trading platform that ALPFOREX uses. You can download the platform for free from the ALPFOREX website.

8. Start trading! Once you have funded your account and downloaded the MetaTrader 4 platform, you can start trading Forex, CFDs on indices, commodities, and metals.

Spreads & Commissions

ALPFOREX offers two types of spreads: fixed and variable.

• Fixed spreads are always the same, no matter what market conditions are like. This can be a good option for traders who want predictability in their trading costs.

• Variable spreads fluctuate depending on market conditions. They are typically narrower than fixed spreads, but they can also be wider during times of high volatility or low liquidity.

ALPFOREX also offers different account types with different spreads. For example, the ECN account offers the tightest spreads, but it also charges a commission.

Here is a table of the spreads for different account types and currency pairs:

Account Type	Currency Pair	Spread
Standard	EUR/USD	1.5 pips
Standard	USD/JPY	1.2 pips
Standard	GBP/USD	1.8 pips
ECN	EUR/USD	0.5 pips
ECN	USD/JPY	0.3 pips
ECN	GBP/USD	0.8 pips

ALPFOREX is committed to providing its clients with the lowest possible spreads. The company's spreads are among the most competitive in the industry.

ALPFOREX offers two types of spreads: fixed and variable.

• Fixed spreads are always the same, no matter what market conditions are like. This can be a good option for traders who want predictability in their trading costs.

• Variable spreads fluctuate depending on market conditions. They are typically narrower than fixed spreads, but they can also be wider during times of high volatility or low liquidity.

ALPFOREX also offers different account types with different spreads. For example, the ECN account offers the tightest spreads, but it also charges a commission.

Here is a table of the spreads for different account types and currency pairs:

Account Type	Currency Pair	Spread
Standard	EUR/USD	1.5 pips
Standard	USD/JPY	1.2 pips
Standard	GBP/USD	1.8 pips
ECN	EUR/USD	0.5 pips
ECN	USD/JPY	0.3 pips
ECN	GBP/USD	0.8 pips

ALPFOREX is committed to providing its clients with the lowest possible spreads. The company's spreads are among the most competitive in the industry.

Leverage

ALPFOREX offers different maximum leverage levels depending on the account type and the trading instrument.

Here is a table of the maximum leverage levels for ALPFOREX accounts:

Account Type	Maximum Leverage
Standard	1:1,000
ECN	1:500
CENT	1:1,000

Please note that these are the maximum leverage levels, and you may not be eligible for the full amount of leverage depending on your trading experience and risk tolerance. You can check the specific leverage requirements for each instrument on the ALPFOREX website.

Here is a table of the maximum leverage levels for different trading instruments:

Trading Instrument	Maximum Leverage
Forex	1:500
Indices	1:200
Commodities	1:200
Metals	1:200

Please note that these are the maximum leverage levels for all account types.

Trading Platform

ALPFOREX offers the MetaTrader 4 (MT4) platform for trading. MT4 is a popular and versatile platform that is used by traders all over the world. It is known for its user-friendly interface and powerful charting tools.

MT4 allows you to trade a wide range of financial instruments, including Forex, indices, commodities, and metals. You can also use MT4 to create custom trading indicators and scripts.

ALPFOREX offers a demo account so you can practice trading with MT4 without risking any money. You can also download a free trial of MT4 from the ALPFOREX website. If you are looking for a versatile and powerful trading platform, then MT4 is a good option for you.

Deposit & Withdrawal

ALPFOREX offers a variety of payment methods for deposits and withdrawals. These methods include:

• QR Payment: Traders can scan a QR code to deposit or withdraw funds using their mobile phones.

• Credit Card: Traders can use their credit cards to deposit or withdraw funds.

• Rabbit Line Pay: Traders can use their Rabbit Line Pay accounts to deposit or withdraw funds.

• True Money Wallet: Traders can use their True Money Wallet accounts to deposit or withdraw funds.

ALPFOREX does not charge any fees for deposits or withdrawals. However, there may be fees charged by the payment provider.

Here is a table of the deposit and withdrawal methods and fees:

Payment Method	Deposit Fee	Withdrawal Fee
QR Payment	Free	Free
Credit Card	3%	3%
Rabbit Line Pay	Free	Free
True Money Wallet	Free	Free

ALPFOREX is committed to providing its clients with the most convenient and affordable payment methods possible. The company's payment methods are safe and secure, and they allow traders to deposit and withdraw funds quickly and easily.

Customer Support

ALPFOREX offers customer support 24/7 which means you can expect to receive assistance at any time of the day or night.

Their contact points include the Line app, where they can be reached at @alpforex. This platform is useful for quick and direct communication as it is an instant messaging application.

They also have a presence on Facebook under the name ALPFOREX. Via this social media platform, customers can send direct messages for help and keep updated with announcements and news.

Furthermore, they provide email support, which can be particularly useful for inquiries that require detailed explanations or for sending attachments. You can reach them at Support@Alpforex.com.

Educational Resources

ALPFOREX offers a variety of educational resources to help its clients learn about Forex trading. These resources include:

• All news: ALPFOREX provides a news feed of general news, corporate news, and daily news analysis. This news feed can help you stay up-to-date on the latest developments that could affect the Forex market.

• Economic calendar: ALPFOREX provides an economic calendar that lists upcoming economic events that could affect the Forex market. This calendar can help you plan your trades and avoid surprises.

• Forex calculator: ALPFOREX provides a Forex calculator that you can use to calculate pip values, margin, and swaps. This calculator can help you manage your risk and make informed trading decisions.

• Study FOREX more: ALPFOREX provides a library of educational resources on a variety of Forex trading topics. These resources include articles, videos, and webinars.

• Learning media: ALPFOREX provides a variety of learning media, including eBooks, webinars, and video tutorials. These resources can help you learn the basics of Forex trading and improve your trading skills.

In addition to these online resources, ALPFOREX also offers live seminars and workshops. These events are a great way to learn from experienced traders and get personalized feedback on your trading.

ALPFOREX is committed to providing its clients with the best possible trading experience. The company's educational resources can help you learn about Forex trading and become a successful trader.

Conclusion

ALPFOREX is an online broker offering access to Forex, CFDs, and other trading instruments. While it boasts several advantages like a low minimum deposit, popular trading platform, and educational resources, the major disadvantage is the lack of regulation. This significantly increases the risk associated with trading, as trader funds are not protected by any financial authorities. Carefully weigh the pros and cons before making a decision about trading with ALPFOREX.

FAQs

Q: Is ALPFOREX regulated？

A: No, ALPFOREX is currently not regulated by any financial authorities. This means it is not subject to the same oversight and protections as regulated brokers.

Q: What is the minimum deposit amount with ALPFOREX？

A: The minimum deposit amount with ALPFOREX is $10.

Q: What trading platform does ALPFOREX use？

A: ALPFOREX uses the popular MetaTrader 4 platform, which is available for download on desktop and mobile devices.

Q: What is the maximum leverage offered by ALPFOREX？

A: The maximum leverage offered by ALPFOREX is 1:500.

Q: What are the spreads like with ALPFOREX？

A: Spreads with ALPFOREX are variable and start from 0.2 pips.

Q: Does ALPFOREX offer a demo account？

A: Yes, ALPFOREX offers a free demo account that allows you to practice trading with virtual funds before risking any real money.

Q: Is ALPFOREX a safe broker to use？

A: As ALPFOREX is not regulated, there is an increased risk associated with using their services. Carefully consider the potential risks before making a decision about trading with them.