Alpho Review
Alpho is a relatively new broker, established in 2016 with its headquarters in Seychelles. It caters to both retail traders and institutional investors. Alpho operates under the registered brand name of Gulf Brokers Ltd, a company regulated by the Financial Services Authority (FSA). The broker offers a wide range of instruments available for trading on the advanced MetaTrader 5 platform.
With a maximum leverage of 1:500, traders can open a standard account with a minimum deposit of $100. Alpho also provides a demo account option, allowing users to explore the broker’s offerings. A single account grants access to all 886 available trading instruments.
What can you trade with Alpho?
Alpho provides a diverse range of trading opportunities, with access to 886 different financial instruments. These include major and minor currency pairs in Forex, a variety of commodities, global indices, and a broad selection of shares from international markets. This wide array of options allows traders to diversify their portfolios effectively.
Additionally, numerous reviews have praised Alpho for its rapid order execution, ensuring that trades are completed swiftly and efficiently. This feature is particularly beneficial for traders looking to capitalize on fast-moving market conditions.
Regulations
Alpho is a brand name of Gulf Brokers Ltd as confirmed on the broker’s website and Gulf Brokers Ltd is authorised and regulated by the Financial Services Authority of Seychelles (FSA). The Seychelles Financial Services Authority (FSA) is the regulator for non-bank financial services in Seychelles. You can read all about their regulations on their website.
Demo account
Alpho fees
Traders have to pay a minimum deposit fee. Commission-free trading is available, which takes a profit solely from the spread. Spreads start from 3 pips on the Euro Dollar, which is high compared to other brokers.
Alpho also has a monthly Maintenance Fee of USD 10 for all its current and new trading accounts, and a monthly inactivity fee. They don`t appear to charge deposit or withdrawal fees, although a fee may be charged by the trader’s selected payment processor. Also, conversion fees may apply. All these fees are available on their website for you to go through.
Registration process
After filling in the information, I received a message saying it’s been successful and now to go to “MyZone”. Until now, I had no idea there is such a thing. Anyway, after clicking “Go to MyZone” another option came up to choose whether I want a demo or live account.
Then another option to create a demo or live account.
I can see I got a virtual deposit of 100 000 USD to play with. The demo account is free of charge I can also have full access to the MetaTrader 5 platform. The broker does not indicate whether the demo account expires, or if it is available for a precise period.
Alpho trading platforms
They offer the MetaTrader 5 platform, the upgraded version of the widely acclaimed MetaTrader4.
Key features of MT5 include:
- – A flexible trading system
- – Advanced technical analysis tools
- – Integrated fundamental analysis
- – An enhanced strategy tester
- – A trading tab for one-click execution
- – Clearly marked entry and exit points
- – NDD/STP execution
- – Multi-currency and multi-language support
- – Availability on mobile platforms for trading on the go
Alpho website
The interface is functional and reliable. The design of the website is simple, colors are mute all buttons are functional. In the “Research option” I found that the “Blog” page had the same articles as “In Media”. Alpho does not provide any research on their website, except an Economic Calendar. 
Social networks
From their website, you can access Facebook, LinkedIn, Instagram and YouTube. They are active on Facebook, new posts come once or twice a month, so not too active. They usually post news, facts and some interactive posts, where they ask us questions. For example:
A summary of advantages and disadvantages
While there are some areas for improvement, Alpho offers several notable strengths. Finding information about the demo account could be made more intuitive, as I found the process a bit challenging. Additionally, the need to enter personal data multiple times during the demo account setup was less than ideal. On the positive side, Alpho offers commission-free trading, access to the advanced MetaTrader 5 platform, and a broad range of trading instruments. The availability of up to 1:500 leverage on certain asset classes is another significant advantage.
Pros:
- fast email response
- 1:500 leverage
- MetaTrader 5 platform
- wide variety of trading instruments
Cons:
- hard to find and activate a demo account
- no live chat
Pros / Cons
Our Score
This broker is relatively new, it was established in 2016 with its headquarters in Seychelles. It`s suitable for retail traders as well as institutional investors. Alpho a registered brand name of Gulf Brokers Ltd - FSA regulated company.