WikiFX Broker Assessment Series | Is Alpex Trading Reliable?

In this article, we'll look in-depth at Alpex Trading, examining its key features, fees, safety measures, deposit and withdrawal options, trading platform, and customer service.

About Alpex Trading

Alpex Trading, established in Saint Vincent and the Grenadines in 2023, offers a platform with various trading assets including stocks, currencies, commodities, and indices.

Is Alpex Trading legit？

Alpex Trading is not a regulated broker. Alpex Trading operates without authorization from the National Futures Association (NFA). Rendering it unauthorized for trading activities.

Account Types

Pro NDD Account

The Pro NDD account offered by Alpex Trading features a maximum leverage of 1:500, making it suitable for traders who seek higher leverage ratios to potentially amplify their trading positions. With a minimum deposit requirement of $100, this account type is more suitable for experienced traders or those with larger initial capital.

The minimum spread starts from 0, providing traders with competitive pricing on transactions. Additionally, the Pro NDD account charges a commission of 8 USD per lot for FX trades, which appeals to active traders who prioritize low-cost trading and are comfortable with paying commissions in exchange for tighter spreads and faster execution.

Standard NDD Account

The Standard NDD account offered by Alpex Trading also provides a maximum leverage of 1:500, similar to the Pro NDD account, offering flexibility in trading positions. However, with a significantly lower minimum deposit requirement of $10, this account type is more accessible to novice traders or those with limited initial capital.

While the minimum spread starts from 1, it remains competitive compared to other standard trading accounts in the market. Notably, the Standard NDD account does not charge any commission for FX trades, which is advantageous for traders who prefer to avoid commission fees and prioritize lower trading costs. Overall, the Standard NDD account accommodates a broad range of traders, from beginners to those seeking cost-effective trading solutions.

Leverage

This broker offers a maximum leverage ratio of 1:500 for both its Pro NDD and Standard NDD account types. This leverage ratio allows traders to control positions significantly larger than their initial investment, potentially amplifying both profits and losses.

Spreads & Commissions

Alpex Trading implements different fee structures for its Pro NDD and Standard NDD accounts.

The Pro NDD account imposes a minimum spread starting from 0, offering competitive pricing for traders seeking tight spreads.

Additionally, it charges a commission of 8 USD per lot for FX trades.

On the other hand, the Standard NDD account has a minimum spread starting from 1, slightly wider than the Pro NDD account. Notably, it doesn't impose any commission for FX trades, making it more cost-effective for traders who prefer to avoid commission fees.

Trading Platform

Alpex Trading offers a proprietary web-based trading platform designed in-house, providing users with convenient access to trading functionalities.

Deposit & Withdrawal

Alpex Trading offers a variety of payment methods. These methods typically include bank wire transfers, credit/debit cards, and popular e-wallet solutions.

Customer Support

Alpex Trading offers customer support through multiple channels, ensuring assistance for various queries.

Conclusion

Alpex Trading is not a regulated broker and WikiFX has given this broker a low score of 1.07/10. Therefore, we dont advise you to invest in this broker. If you want to find a better alternative, you can check the website of WikiFX.