Alpho Review 2024
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| Trade forex and CFDs with rich trading tools and real-time market data. | ||
Alpho is broker that gives traders access to Forex, CFDs, indices, shares, commodities. Interestingly, Alpho supports the MetaTrader 5 trading platform, but not the hugely popular MetaTrader 4 predecessor at this point.
In terms of features offered to traders, Alpho has Demo Accounts, Islamic Accounts and Auto Trading but is missing Social Trading and Signals.
Alpho is regulated, but not by the FCA here in the UK. While this is not necessarily an issue, very careful traders might want the extra safety of using an FCA-regulated broker.
Alpho Summary
Trade forex and CFDs with rich trading tools and real-time market data.
Alpho is #91 in our rankings of CFD brokers.
Ratings
| Bonus | None |
|---|---|
| Instruments | Forex, CFDs, indices, shares, commodities |
| Demo Account | ✓ Yes |
| Min. Deposit | $100 |
| Min. Trade | 0.01 Lots |
| Regulated By | FSA Seychelles |
| MetaTrader 4 | ✗ |
| MetaTrader 5 | ✓ |
| cTrader | ✗ |
| DMA Account | ✗ |
| ECN Account | ✗ |
| Mobile Apps | ✓ |
| Auto Trading | ✓ |
| Trade Signals | ✗ |
| Social Trading | ✗ |
| Copy Trading | ✗ |
| Islamic Account | ✓ |
| Commodities |
|
CFD Trading
Access a range of markets with online CFDs.
| Leverage | 1:500 |
|---|---|
| FTSE Spread | 5 |
| GBPUSD Spread | 3 |
| Oil Spread | 0.09 |
| Stocks Spread | Variable |
Forex Trading
Trade the most liquid & volatile forex pairs.
| GBPUSD Spread | 3 |
|---|---|
| EURUSD Spread | 3 |
| EURGBP Spread | 4 |
| Assets | 60+ |
Payment Methods
Alpho accepts the following payment methods:
FAQ
Is Alpho Safe?
In our review we gave Alpho a low trust score of 30%, which means that traders should try things out before they deposit any larger amounts. One of the main negative factors in this low score is that Alpho is not FCA regulated. Extra careful traders might want to find an alternative in our top list of UK brokers.
Does Alpho Accept PayPal?
No, Alpho does not accept PayPal payments. See our list of brokers that accept PayPal for alternatives.
Is Alpho Halal?
Yes, Alpho does offer an Islamic trading account and should thus be Halal to trade with.
What trading platforms does Alpho support?
Alpho only supports the MetaTrader 5 trading platform at this time.
Is Alpho Regulated in the UK?
No, Alpho is unfortunately not regulated by the FCA here in the UK. See our list of FCA regulated brokers for safer options
Is Alpho Regulated?
Yes, Alpho is regulated by FSA Seychelles.
The fact that Alpho is not regulated by our own FCA will be a concern to the most careful traders. See our list of FCA regulated brokers for safer options.
Top 3 Alpho Alternatives
These brokers are the most similar to Alpho:
- Swissquote - Swissquote is a Switzerland-based bank and broker that offers online trading and investing. The company has a high safety score and is listed on the Swiss stock exchange. The firm offers a huge range of products, from stocks, ETFs, bonds and futures to 400+ forex and CFD assets. Hundreds of thousands of traders have opened an account with the multi-regulated brokerage. Clients can get started in three easy steps while 24/7 customer support is available to assist new users.
- FP Markets - Established in 2005 in Australia, FP Markets is an ASIC- and CySEC-regulated broker boasting an extensive suite of tradable assets. Its Standard and Raw accounts cater to traders at every level, while it packs a punch in the tooling department, from the MetaTrader suite and intuitive TradingView to actionable trading ideas from Trading Central and AutoChartist.
- Admiral Markets - Admirals is a multi-regulated broker with an excellent range of leveraged instruments, including forex, stocks, indices, ETFs, commodities, cryptos and more. The broker supports the MetaTrader 4, MetaTrader 5 and TradingCentral platforms. With both spread betting and CFDs available and thousands of instruments, this broker provides more flexibility than most rivals.
Alpho Feature Comparison
| Alpho | Swissquote | FP Markets | Admiral Markets | |
|---|---|---|---|---|
| Rating | - | 4 | 4 | 3.6 |
| Markets | Forex, CFDs, indices, shares, commodities | Forex, CFDs, Indices, Stocks, ETFs, Bonds, Options, Futures, Cryptos (location dependent) | CFDs, Forex, Stocks, Indices, Commodities, Bonds, ETFs, Crypto | Forex, CFDs, indices, shares, commodities, cryptocurrencies, ETFs, bonds, spread betting |
| Minimum Deposit | $100 | $1000 | $40 | $100 |
| Minimum Trade | 0.01 Lots | 0.01 Lots | 0.01 Lots | 0.01 Lots |
| Demo Account | Yes | Yes | Yes | Yes |
| Regulators | FSA Seychelles | FCA, FINMA, DFSA, SFC, AFM | ASIC, CySEC, FSA, CMA | FCA, CySEC, ASIC, JSC, CMA, CIRO, AFM |
| Bonus | - | - | - | - |
| Education | No | No | Yes | Yes |
| Platforms | MT5 | MT4, MT5 | MT4, MT5, cTrader | MT4, MT5 |
| Leverage | 1:500 | 1:30 | 1:30 (UK), 1:500 (Global) | 1:30 (EU), 1:500 (Global) |
| Visit | ||||
| Review | Alpho Review |
Swissquote Review |
FP Markets Review |
Admiral Markets Review |
Trading Instruments Comparison
| Alpho | Swissquote | FP Markets | Admiral Markets | |
|---|---|---|---|---|
| CFD | Yes | Yes | Yes | Yes |
| Forex | Yes | Yes | Yes | Yes |
| Stocks | Yes | Yes | Yes | Yes |
| Crypto | No | No | Yes | Yes |
| Commodities | Yes | Yes | Yes | Yes |
| Oil | No | Yes | Yes | No |
| Gold | Yes | Yes | Yes | Yes |
| Copper | No | No | Yes | Yes |
| Silver | Yes | Yes | Yes | Yes |
| Corn | No | No | Yes | No |
| Futures | No | Yes | No | No |
| Options | No | Yes | No | No |
| ETFs | No | Yes | Yes | Yes |
| Bonds | No | Yes | Yes | Yes |
| Warrants | No | No | No | No |
| Spreadbetting | No | No | No | No |
| Volatility Index | No | No | Yes | Yes |
Alpho vs Other Brokers
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| Trade forex and CFDs with rich trading tools and real-time market data. | ||