Aly Financia-Overview of Minimum Deposit, Leverage, Spreads

General Information

Registered in Hong Kong, Aly Financial is an online forex broker boasting to offers its clients access to various popular financial markets, such as Foreign Exchange, Crude Oil, Index, Gold and Silver, and more. The minimum deposit to invest with Aly Financial is $100, and with this brokerage platform, traders can use leverage up to 1:100. 24 X 7 customer support is said to be at hand to solve traders trading problems.

Is Aly Financial safe to trade with？

When it comes to regulation, Aly Financial makes us quite disappointed.

It has been verified that Aly Financial is not authorized or regulated by any regulatory authorities. Thats why its regulatory status on WikiFX is classified as “No License” and it only manages a score of 1.10 out of 10 overall.

Online trading on forex and leveraged instruments contains a high level of risk, and trading with an unregulated forex broker is taking a huge risk of losing your deposited funds. Before deciding on which forex broker to use, investors are advised to use WikiFX to check out forex brokers regulatory information.

Market Instruments

Aly Financial hypes that investors can get access to a massive financial markets. Different types of trading assets including Foreign Exchange, Precious Metals (Gold and Silver), Crude Oil, Index are all available through this brokerage platform.

Minimum Deposit

Investors are required to fund at least $100 to invest with Aly Financial, which sounds acceptable for most regular traders. although this is a reasonable investment requirement, investors are advised not to trade with this broker given the fact that it is an unregulated one.

Leverage

Aly Financial allows traders to use leverage of up to 1:100, which is much above the levels considered appropriate by many regulators to protect retail traders.

Bear in mind that high leverage is not necessarily always the good thing, as it can magnify gains as well as losses. It is important for traders to choose the proper amount that they feel most at ease.

Spreads & Commissions

Aly Financial boasts that it offers raw spreads on its homepage. However, this is probably a typically tactic used by most unregulated forex broker to attract investors, as it fails to provide further spreads details.

Trading Platform

Aly Financial offers its customers the leading MT5 trading platform. The MT5 trading platform comes with advanced trading capabilities, as well as excellent tools for technical and fundamental analysis. MT5 can also automate trading by using expert advisors and algorithms signals.

Customer Support

Aly Financial says it offers 24/7 customer support, and traders with any inquiries or trading platform can get in touch with Aly Financial through the following channels:

Telephone: services@alyfx.com

Email: +85276790182

RM 1608D,16/F,HO KING COMMERCIAL CENTRE, 2-16FA YUEN STREET,MONGKOK,KOWLOON HK

Risk Warning

There is a level of danger that comes with trading on the financial markets. As sophisticated instruments, foreign exchange, futures, CFDs, and other financial contracts are typically traded using margin, which significantly increases the inherent risks involved. You can use the leverage to your benefit or to your detriment. Therefore, you should consider carefully whether or not this sort of investment activity is right for you.

Please note the information contained in this article is for general information purposes only.