AlphoReview SummaryFounded2006Registered Country/RegionSeychellesRegulationFCA (Offshore)Market InstrumentsForex, Shares, Commodities, IndicesDemo Account/LeverageUp to 1:500Spread3 pipsTrading PlatformMT5Min Deposit/Customer Support24/5 supportTel: +44 20 3808 8926, +44 203 885 9350Email: support@alpho.comSocial media: Facebook, Instagram, YouTube, LinkedinAddress: Alpho, Room 5, Second Floor, Olivier Maradan Building, Victoria, Mahé, Seychelles Founded in 2006, Alpho is an offshore regulated broker registered in Seychelles. It provides various trading assets, like forex, shares, commodities and indices. Besides, it also offers the most popular trading platform MT5.Pros and ConsPros Cons Various trading assetsOffshore regulationPopular trading platform MT5Wide spreadsNo info on minimum depositIs Alpho Legit? Alpho operates under offshore regulation, specifically overseen by the Seychelles Financial Services Authority (FSA). While this regulatory framework provides a structured environment for operations, it is important to note that offshore regulation typically offers a different level of oversight compared to onshore or more stringent regulatory bodies.Regulated Country Regulated Authority Current StatusRegulated Entity License TypeLicensed NumberThe Seychelles Financial Services Authority (FCA)Offshore regulatedGULF BROKERS LTDRetail Forex LicenseSD013What Can I Trade on Alpho?Tradable Instruments Supported Forex✔Shares✔Commodities✔Indices✔Cryptocurrencies ❌Bonds❌Options ❌ETFs❌How to Open an Account? Opening an account with Alpho is a straightforward process, consisting of four clear steps:Registration: Begin by visiting the Alpho website and accessing the registration page. Complete the registration form by entering your first name, last name, email address, and phone number. Ensure the accuracy of the information provided as it will be used for account verification and communication purposes.Account Verification: Upon submitting the registration form, Alpho will send a verification email to the email address provided during registration. Check your inbox and click on the verification link to confirm your email address. Additionally, ensure that the phone number provided is accurate, as Alpho may send an SMS verification code for account activation.Account Activation: After successful verification of your email address and phone number, proceed to activate your account. Follow the instructions provided in the verification email or SMS to activate your account securely. You may also have the option to input a promo code if applicable.Legal Documents Consent: Before finalizing the account creation process, review and consent to the legal documents presented by Alpho. These documents typically include terms of service, privacy policy, and risk disclosure statements. By expressing your consent to these documents, you acknowledge and agree to abide by the terms outlined by Alpho.Leverage In respect to trading leverage, the maximum trading leverage for Forex instruments is up to 1:500. This is relatively high and clients should be aware that leveraged trading can carry considerable risk to inexperienced traders.Spread and Commission The spreads of Alpho varies by the assets. For commodities, the typical spread ranges from 0.02 pips. For forex, the typical spread ranges from 3 pips. For indices, typical spreads range from 2 pips. Additionally, trading shares needs a commission fee of 0.3% (min 20 USD) out of volume.Trading PlatformTrading PlatformSupported Available Devices Suitable for MT5✔IOS, Android, Windows and WebExperienced tradersMT4❌/Beginners