ALtex ALX Trade Broker Review

　　

Altex ALX Trade 2025 Review: Everything You Need to Know

　　Summary: The Altex ALX Trade review reveals a broker with significant red flags, including a lack of regulatory oversight and a dissolved status since 2013. Despite claims of high leverage and multiple account types, the broker's credibility is highly questionable, making it a risky choice for traders.

　　Note: It is essential to be aware that Altex ALX Trade operates under different entities in various regions, which can affect the regulatory landscape. This review aims to present a fair and accurate assessment based on the most reliable sources available.

　　

Rating Overview

Category	Rating (out of 10)
Account Conditions	2
Tools and Resources	3
Customer Service and Support	4
Trading Setup (or Experience)	3
Trustworthiness	1
User Experience	2

　　How We Rate Brokers: Ratings are based on a combination of user feedback, expert analysis, and factual information sourced from various reviews.

　　

Broker Overview

　　Altex ALX Trade, officially known as Altex ALX Trade Ltd, was established in 2005 and registered in the United Kingdom. However, it has been listed as dissolved since April 30, 2013, which raises serious concerns about its operational status. The broker purportedly offered trading services across various asset classes, including forex and cryptocurrencies, through platforms like MetaTrader 4 (MT4) or MetaTrader 5 (MT5). However, it operates without any valid regulatory oversight, which severely limits its credibility and trustworthiness.

　　

Detailed Breakdown

　　

Regulatory Regions

　　Altex ALX Trade is not regulated by any recognized financial authority, which is a significant red flag for potential investors. According to multiple sources, including WikiFX, the broker lacks a valid license and has a low regulatory score of 0.00. This absence of oversight means that traders have no protection for their funds, making it exceedingly risky to engage with this broker.

　　

Deposit/Withdrawal Currencies

　　The broker reportedly allows transactions in various currencies, but specific details about supported cryptocurrencies are scarce. The minimum deposit requirements are notably high, with reports indicating ranges from $10,000 to $50,000 depending on the account type. This high entry barrier limits accessibility for many retail traders.

　　

Minimum Deposit

　　Altex ALX Trade requires a minimum deposit of $10,000 for its ECN account, $20,000 for VIP accounts, and $50,000 for premium accounts. This is significantly higher than many licensed brokers, which often allow for minimum deposits as low as $100. Such high requirements may deter many potential traders from engaging with the platform.

　　

Bonuses/Promotions

　　Information on bonuses or promotions is limited, and while some reviews mention the possibility of bonuses, it is unclear what these entail or how they are structured. The lack of transparency regarding promotional offers is another factor that raises concerns about the broker's operations.

　　

Tradable Asset Classes

　　Altex ALX Trade claims to offer a variety of tradable assets, including forex pairs, cryptocurrencies, stocks, and commodities. However, the lack of a functioning website and dissolved status raises questions about the actual availability of these trading options. Many reviews suggest that the broker's offerings may not be as extensive as advertised.

　　

Costs (Spreads, Fees, Commissions)

　　There is limited information available regarding the specific costs associated with trading on Altex ALX Trade. However, the general consensus is that the broker's fees, if any, are not clearly outlined, leading to potential hidden costs that could impact trading profitability.

　　

Leverage

　　Altex ALX Trade advertises leverage options of up to 1:500 for certain account types. While high leverage can offer substantial profit opportunities, it also significantly increases the risk of loss, particularly for inexperienced traders. The use of high leverage without appropriate risk management can lead to rapid account depletion.

　　

Allowed Trading Platforms

　　The broker reportedly supports popular trading platforms such as MT4 and MT5. However, the absence of a functioning website limits the ability to verify this information, and users are advised to proceed with caution.

　　

Restricted Regions

　　Due to its unregulated status, Altex ALX Trade may not operate legally in several jurisdictions. Potential traders should be aware of the legal implications of engaging with an unlicensed broker, as this could lead to complications in fund recovery and regulatory protection.

　　

Available Customer Service Languages

　　Customer support for Altex ALX Trade appears to be primarily conducted in English, with contact available via email. However, the lack of direct contact options like phone support and the absence of a functioning website raise concerns about the reliability and responsiveness of their customer service.

　　

Repeat Rating Overview

Category	Rating (out of 10)
Account Conditions	2
Tools and Resources	3
Customer Service and Support	4
Trading Setup (or Experience)	3
Trustworthiness	1
User Experience	2

　　

Detailed Explanation of Ratings

• 　　Account Conditions (2/10): The high minimum deposit requirements and lack of flexibility in account types limit accessibility for many traders.

• 　　Tools and Resources (3/10): While the broker claims to offer various trading tools, the lack of a functioning website makes it difficult to verify these claims.

• 　　Customer Service and Support (4/10): Limited to email communication, and the absence of a direct phone line raises concerns about the responsiveness of support.

• 　　Trading Setup (or Experience) (3/10): The lack of transparency and operational status makes the trading experience uncertain and potentially risky.

• 　　Trustworthiness (1/10): With no regulatory oversight and a dissolved status, the trustworthiness of Altex ALX Trade is extremely low.

• 　　User Experience (2/10): User experiences are largely negative, with many sources warning against engaging with this broker.

　　In conclusion, the Altex ALX Trade review indicates that this broker poses significant risks for traders due to its unregulated status, high entry barriers, and dissolved status. Potential investors are strongly advised to consider these factors carefully before proceeding with any trading activities.