Rating Index
Pros
Offers a wide range of trading instruments including forex, commodities, indices, and cryptocurrencies.
Provides access to the popular MetaTrader 5 trading platform, known for its advanced features and tools.
High leverage options available (up to 1:500), which can be attractive for experienced traders seeking to maximize potential returns.
Cons
Lacks proper regulation, being registered only with the Seychelles Financial Services Authority, which raises concerns about the safety of client funds.
High spreads starting from 3 pips, which may not be competitive compared to other brokers.
Unfavorable terms regarding chargebacks, including significant fees and potential account closure, which can deter traders from using their services.
Alpho broker Accounts
Alpho Account Type
Alpho offers a streamlined approach to trading accounts, providing a single account type that grants access to over 886 trading instruments. This account is designed for various skill levels, allowing traders to engage in forex, commodities, shares, and indices. Key features of the Alpho account include:
- Leverage: Maximum leverage of up to 1:500, allowing traders to open larger positions with a smaller initial deposit.
- Trading Platform: Access to the popular MetaTrader 5 (MT5) platform, which offers advanced trading tools and features.
- Minimum Deposit: A minimum deposit requirement of $100 to start trading.
- Spreads: Typical spreads start from 3 pips on major currency pairs.
- Demo Account: A free demo account is available for traders to practice without risking real funds, although the expiration terms are not specified.
- Registration: Visit the Alpho website and click on the "Join" button. This will direct you to the registration portal.
- Provide Information: Fill out the registration form with your personal details, including your name, email address, and phone number.
- Email Verification: After submitting the form, you will receive a verification email. Click the link in the email to confirm your address.
- Account Type Selection: Choose between a live account or a demo account.
- Documentation: Prepare to provide proof of identity and proof of address, such as a government-issued ID and a utility bill.
- Account Activation: Complete the verification process. Once approved, you can start trading with your live account.
Alpho Broker Account Opening Process
Opening an account with Alpho is a straightforward process consisting of several steps:
For more information, visit Alpho's official website.
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Alpho accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .