Alpho Broker review (2021) Review

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. Alpho provides access to a broad array of instruments that can be traded on the advanced MetaTrader 5 platform. The maximum leverage is 1:500, to open a standard account, you need a deposit of 100$. This broker also offers a demo account to explore the broker’s offering. Open one single account and that grants full access to all the 886 instruments which are available to trade.

Alpho main info webpage

Alpho main webpage looks clear and understandable

Alpho homepage

 

What can you trade with Alpho?

 

Users can trade on 886 financial instruments like:
– Forex
– Commodities
– Indices
– Shares

I found out in many other reviews, that Alpho provides clients with the fastest execution of their orders.

 

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.

Licenses and regulations of Alpho

Very quick and very safe pages

Demo account

As I have mentioned earlier, it’s possible to open a demo account with Alpho. It is free of charge, but I couldn`t find any information about when the demo account expires.

 

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.

you are well informed about the fees by Alpho

Registration process

The “Join” button is simply everywhere on their website, but after a few minutes of surfing around on their website, I haven`t found the CTA button to open a demo account. On the internet, I found a review with a link to open a demo account. I already spent some time looking for it and then another few to fill the form in, although the form is quite short.

1 minute registration window for Alpho app

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.

By this time, I`m quite annoyed, but I now have a demo account. I received two confirmation email immediately. One verification email with a link to click on and finally some information about “MyZone”. The second email had a summary of my login details

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 provide the MetaTrader 5 platform, which is the updated version of the highly popular MetaTrader 4 platform.

MT5 features:

  • flexible trading system
  • professional technical analysis
  • fundamental analysis
  • advanced strategy tester
  • trading tab for one-click trading
  • highlighted entry and exit points
  • NDD/STP
  • multi-currency and language
  • available on mobile platforms

Alpho uses MetaTrader5

Alpho uses MetaTrader5 which you can use for free

Alpho MetaTrader 5 is very simple and easy to understand

Alpho website

Their website offers standard features. In the top panel you can choose from:

  • Instruments
  • Trading
  • Research
  • About
  • Education
  • Contact

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. And I`m not sure why this list is called “Research” anyway.

In Media pages are informative and blog site together

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

I was disappointed by the way I had to look for information about the demo account. I think that needs more highlighting. Then what was unsatisfying was how many times did I have to fill in my data to actually open a demo account. I`m missing some educational videos and webinars. The regulation isn`t as high as with other brokers. On the other hand, you have commission-free trading, the platform is MT5 and there is a wide variety of trading instruments. Also, 1:500 leverage is available on certain asset classes.

 

Cons:

  • hard to find and activate a demo account
  • lack of webinars and videos for learners
  • lax of regulation
  • no live chat

 

Pros:

  • fast email response
  • 1:500 leverage
  • MetaTrader 5 platform
  • wide variety of trading instruments

 

Pros / Cons
  • wide variety of trading instruments
  • MetaTrader 5 platform
  • 1:500 leverage
  • fast email response
  • hard to find and activate a demo account
  • lack of webinars and videos for learners
  • no live chat

 

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.