“Alpho was founded in 2016 and is regulated by the Financial Services Authority of Seychelles (FSA). The broker offers clients the ability to trade on 1,000+ financial CFD instruments covering Forex, Shares, Indices and Commodities from the globally renowned MetaTrader 5 platform for Web, Windows and MAC.”
Alpho was founded in 2016 and is a registered trademark name of Gulf Brokers Ltd, a limited liability company regulated by the Financial Services Authority of Seychelles (FSA). The broker offers clients the ability to trade on 1,000+ financial CFD instruments covering Forex, Shares, Indices and Commodities from the globally recognised MetaTrader 5 platform for Web, Windows and Mobile.
Users can access all markets through one account which has a minimum deposit of only $100, leverage up to 1:500 and spreads from 3 pips. Trading is also commission-free on Forex, Indices and Commodities but is commission-based with share trading. The broker also offers demo and Islamic (swap-free) accounts.
The research material and education material is quite limited overall but the content is high-quality and most suitable for beginners. Additionally, the broker offers multilingual customer support 24/5 via email, phone and contact form.
Pros: | Cons: |
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☑️ Regulations | FSA Seychelles (Seychelles) |
🗺 Supported Languages | Arabic, English, Russian, Spanish, Vietnamese |
💰 Products | Currencies, Stocks, Crypto, Indices, Commodities, Futures |
💵 Min Deposit | $100 |
💹 Max Leverage | 1:500 (FSA Seychelles) |
🖥 Trading Desk Type | STP |
📊 Trading Platforms | MT4, MT5 |
💳 Deposit Options | BPI Bank wires, Credit Card, FX88, Neteller, Ngan Luong, PayCenter, PayGol, PayOp, Reddot, Secure Collect wires, Skrill, Union Pay, Wire Transfer |
💳 Withdrawal Options | BPI Bank wires, Credit Card, FX88, Neteller, Ngan Luong, PayCenter, PayGol, PayOp, Reddot, Secure Collect wires, Skrill, Union Pay, Wire Transfer |
🤴 Demo Account | Yes |
🗓 Foundation Year | 2016 |
🌎 Headquarters Country | Seychelles |
“Alpho is a registered trademark name of Gulf Brokers Ltd, a limited liability company regulated as a Securities Dealer by the Financial Services Authority of Seychelles (FSA).”
Alpho is a registered trademark name of Gulf Brokers Ltd, a limited liability company regulated as a Securities Dealer by the Financial Services Authority of Seychelles (FSA), as shown on the regulator’s register as shown below:
The broker’s Client Agreement states the company shall take every possible measure to safeguard funds against the use of client funds for its own account but it does not mention funds are segregated. Additionally, there is no mention of negative balance protection.
“Alpho offers clients the ability to trade on over 1,000+ financial CFD instruments covering Forex, Shares, Indices and Commodities.”
Alpho offers clients the ability to trade on over 1,000+ financial CFD instruments covering Forex, Shares, Indices and Commodities. Below is a list of just some of the available markets for trading:
Forex | Indices |
AUD/CAD | US30 |
GBPUSD | Australia 200 |
CAD/JPY | Euro 50 |
EUR/DKK | France 40 |
Shares | Metals |
Telsa | Corn |
Visa | Gold |
Alibaba | Coffee |
Adobe | WTI |
* Details regarding the available assets are taken from the Alpho website and are correct at the time of this review. You can find a more detailed list here.
Trading costs such as spreads and overnight funding (swap) rates vary depending on the account type opened and instrument being traded and are covered further down this review.
“Alpho offers a single live account that features 1,000+ financial CFD instruments, spreads from 3 pips, leverage up to 1:500 and a minimum deposit of only $100. Demo and Islamic (swap-free) accounts are also available.”
Alpho offers a single live account that features 1,000+ financial CFD instruments, spreads from 3 pips, leverage up to 1:500 and a minimum deposit of only $100. Demo and Islamic (swap-free) accounts are also available.
The main features of the Alpho Trading Account include:
Users can open a new account in just a few steps. After clicking the ‘Join’ button on the broker’s homepage, users will be guided through the following steps:
The client portal is shown below:
The broker does not accept clients from the United States, Afghanistan, Cuba, Crimea, Israel, Sudan, North Korea, Ethiopia, Iran, Bosna and Herzegovina, Iraq, Lao People’s Democratic Republic, Syria, Uganda, Vanuatu, Yemen and EU residents.
“Alpho offers fee-free deposits and withdrawals via debit/credit cards and Perfect Money but even more options depending on geographical region.”
Alpho offers fee-free deposits and withdrawals via debit/credit cards and Perfect Money. The broker’s website does not state any processing times but deposits via debit/credit card and e-wallets such as Perfect Money are usually instant. Additionally, the client agreement only states that withdrawals are processed as soon as possible.
More options are available depending on your region. This includes Nganluong, PayGol, DragonPay, PayCenter, FX88 (Help2Pay), Secure Collect wires (Middle East and available for all International bank accounts), MyFatoorah, VirtualPay, Paymero (China, India and Indonesia and Crypto Processing), BPI Bank wires (Philippines), Fairplay, MPSA (China), iBanqueOne (Wire Solutions, Middle East Asia).
Clients can deposit and withdraw funds through the client portal.
“Alpho offers users the ability to trade on the globally recognised MetaTrader 5 trading platform for Web, Windows and MAC.”
Alpho offers users the ability to trade on the globally recognised MetaTrader 5 trading platform for Web, Windows and MAC. The platform features are highlighted below:
Alpho WebTrader
Alpho MetaTrader 5 Desktop
A screenshot of the Alpho MetaTrader 5 desktop platform is shown below and is covered in more detail in the video review:
“Alpho offers users the ability to access mobile trading on the go from the MetaTrader 5 mobile trading app for Android and iOS systems.”
Alpho offers users the ability to access mobile trading on the go from the MetaTrader 5 mobile trading app for Android and iOS systems. Both app download links can be found in the Google PlayStore or Apple AppStore.
The MetaTrader 5 mobile trading app provides a range of different features including:
The MetaTrader 5 mobile trading app is covered in more detail in the video review.
“Alpho does not offer any additional trading features other than what is already available through the MetaTrader 5 trading platform. However, users can take advantage of MetaTrader marketplace to download thousands of additional technical indicators, automated trading strategies and copy trading services.”
Alpho does not offer any additional trading features other than what is already available through the MetaTrader 5 trading platform. However, users can take advantage of the MetaTrader marketplace to download thousands of additional technical indicators, automated trading strategies and copy trading services.
“Alpho offers commission-free trading on Forex, Indices and Commodities but Share trading is commission-based. The broker also charges a 10 USD per month inactivity account fee.”
Alpho offers commission-free trading on Forex, Indices and Commodities but Share trading is commission-based. The table below shows the average spreads for various markets:
Market | Average spread from |
EURUSD | 3 pips |
US 500 | 2 pips |
Coffee | 0.8 pips |
NatGas | 0.025 pips |
Share trading is commission-based and a minimum of 20 USD or 0.5% of the volume traded is charged.
For Non-Islamic accounts, overnight funding or ‘swap’ fees are charged on positions that remain open overnight (22:00) GMT. If positions are being held over the weekend a three-day ‘swap’ charge will be charged on Wednesdays.
The broker also charges a maintenance fee of 10 USD per month if there is no trading activity for at least one month or more.
“Currently, there are no bonus or promotions advertised on the broker’s website.”
“Alpho offers multilingual 24/5 customer support via email, phone and contact form. There is also a small FAQ section covering regulation and account-related questions.”
Alpho offers multilingual (English, Russian, Vietnamese, Arabic, Spanish) 24/5 customer support via email, phone and contact form. There is also a small FAQ section covering regulation and account-related questions.
After calling the customer support number several times, it just rang out with no agent picking up.
Contact Information:
“Alpho offers market research that includes Market News, Media Articles, a Blog, and an Economic Calendar. ”
Alpho offers market research that includes Market News, Media Articles, a Blog and an Economic Calendar. The main research available is explained below:
Overall, the research quality is high-quality and is regularly updated.
“Alpho only provides some trader education videos but the content is limited.”
Alpho provides limited education material. The education section only features four articles that explain how risk instruments work but they are comprehensive and well written.
“Alpho provides clients access to over 1,000+ financial instruments across Forex, Shares, Indices and Commodities, all through the globally renowned MetaTrader 5 trading platform for Web, PC and MAC.
From our observations, Alpho provides clients with a simple trading offering that would be most suited for beginner traders. There is one live account available that features leverage up to 1:500, spreads from 3 pips and a minimum deposit of only $100.
Additionally, all clients can access 1,000+ financial CFD instruments across Forex, Shares, Indices and Commodities through the globally recognised MetaTrader 5 trading platform for Web, PC and MAC. The broker does not charge any deposit or withdrawal fees but the research and education material is quite limited, although the content is valuable and frequently updated.
Is Alpho regulated?
Alpho is a registered trademark name of Gulf Brokers Ltd, a limited liability company regulated as a Securities Dealer by the Financial Services Authority of Seychelles (FSA).
Where is Alpho based?
Suite C2, 2. Floor, Orion Mall, Palm Street, Victoria, Mahé, Seychelles.
How does Alpho make money?
Alpho makes money mainly through spreads, commissions and swaps on certain asset classes.
How do I deposit in a Alpho account?
Funds can be deposited via debit/credit cards and Perfect Money.
What is the min. deposit for Alpho?
The minimum deposit is $100.
How do I withdraw money from Alpho?
Withdrawals can be made from the client portal via debit/credit cards and Perfect Money.
What is the max leverage in Alpho?
The max leverage available is 1:500.
How do I open an account with Alpho?
An account can be opened at the click of a button on the Alpho website and can be done in just a few steps.
Does Alpho use MetaTrader?
Yes, MetaTrader 5.
“Alpho was founded in 2016 is a registered trademark name of Gulf Brokers Ltd, a limited liability company regulated as a Securities Dealer by the Financial Services Authority of Seychelles (FSA). The broker offers clients the ability to trade on 1,000+ financial CFD instruments covering Forex, Shares, Indices and Commodities from the globally renowned MetaTrader 5 platform for Web, Windows and MAC.”
Alpho was founded in 2016 is a registered trademark name of Gulf Brokers Ltd, a limited liability company regulated as a Securities Dealer by the Financial Services Authority of Seychelles (FSA). The broker offers clients the ability to trade on 1,000+ financial CFD instruments covering Forex, Shares, Indices and Commodities from the globally recognised MetaTrader 5 platform for Web, Windows and Mobile.
Users can access all markets through one account which has a minimum deposit of only $100, leverage up to 1:500 and spreads from 3 pips. Trading is also commission-free on Forex, Indices and Commodities but is commission-based with share trading. The broker does also offer demo and Islamic (swap-free) accounts.
There are two options for deposits and withdrawals, debit/credit card and Perfect Money. However, deposits and withdrawals are fee-free.
The research material and education material is quite limited overall but the content is high-quality and most suitable for beginners. Additionally, the broker offers multilingual customer support 24/5 via email, phone and contact form.
Headquarters Country | Seychelles |
Foundation Year | 2016 |
Regulations | FSA Seychelles (Seychelles) |
Publicly Traded | No |
Number Of Employees | 0-50 |
Trading Desk Type | STP |
Trading Platforms | MT4, MT5 |
Restricted Countries | Afghanistan, Bosnia and Herzegovina, Cuba, Ethiopia, North Korea, Laos, Iran, Iraq, Israel, Sudan, Syria, Uganda, Vanuatu, Yemen, United States |
Supported Languages | Arabic, English, Russian, Spanish, Vietnamese |
Min Deposit | $100 |
Max Leverage | 1:500 (FSA Seychelles) |
Deposit Options | BPI Bank wires, Credit Card, FX88, Neteller, Ngan Luong, PayCenter, PayGol, PayOp, Reddot, Secure Collect wires, Skrill, Union Pay, Wire Transfer |
Withdrawal Options | BPI Bank wires, Credit Card, FX88, Neteller, Ngan Luong, PayCenter, PayGol, PayOp, Reddot, Secure Collect wires, Skrill, Union Pay, Wire Transfer |
Products | Currencies, Stocks, Crypto, Indices, Commodities, Futures |
Demo Account | Yes |
OCO Orders | No |
Offers Hedging | Yes |
Automated Trading | Yes |
API Trading | No |
Guaranteed Stop Loss | No |
Guaranteed Limit Orders | No |
Guaranteed Fills / Liquidity | No |
Economic calendar | Yes |
Trading From Chart | Yes |
One-Click Trading | Yes |
Expert Advisor | Yes |
Social Trading | Yes |
Autochartist | No |
Trading Signals | Yes |
Platform Languages | Arabic, Bengali, Bulgarian, Chinese, Croatian, Czech, Danish, Dutch, English, Estonian, Finnish, French, Georgian, German, Greek, Hebrew, Hindi, Hungarian, Indonesian, Italian, Japanese, Korean, Latvian, Lithuanian, Malaysian, Polish, Portuguese, Punjabi, Romanian, Russian, Serbian, Slovak, Slovenian, Spanish, Swedish, Thai, Turkish, Ukrainian, Urdu, Vietnamese |
24 Hours Support | Yes |
Support During Weekends | No |
Live Chat | No |
Daily Market Commentary | Yes |
News (Top-Tier Sources) | Yes |
Webinars | No |
Deposit Fee | No |
Withdrawal Fee | No |
Inactivity Fee | No |
Jitan Solanki is a professional trader, market analyst, and educator. He day trades major currency and index markets and focuses on swing trading US equities and commodities. A qualified Market Technician, Jitan also works with trader education and brokerage companies on various projects. These include market analysis, live trading events, and broker reviews. As an experienced trader and educator, Jitan brings all his qualities in action when reviewing and recommending brokers.
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