Overall Alpho can be described as low risk and has an overall rating of 7 out of 10. Alpho offers commission-free trading with a minimum deposit amount of $100/R1 600 and is regulated by FSA.
Alpho at a glance
| 🔍 Broker's Name | Alpho |
| 📍 Headquartered | Seychelles |
| 📅 Year Founded | 2016 |
| ⚖️ Regulating Authorities | FSA |
| 🌐 Countries not accepted for trade | Afghanistan, Cuba, Crimea, Israel, Sudan, North Korea, Ethiopia, Iran, Bosnia and Herzegovina, Iraq, Lao, People’s Democratic Republic, Syria, Uganda, Vanuatu, and Yemen. |
| ☪️ Islamic account (swap-free) | Yes |
| 👍 Demo Account | Yes |
| 📊 Institutional Accounts | Yes |
| 📊 Managed Accounts | Yes |
| 📈 Maximum Leverage | 1:500 |
| 💰 Minimum Deposit | $100/R1 600 |
| 💳 Deposit Options | · Credit Card · Neteller · Ngan Luong · Skrill · Union Pay · Wire Transfer |
| 💳 Withdrawal Options | · Credit Card · Neteller · Ngan Luong · Skrill · Union Pay · Wire Transfer |
| 💻 Platform Types | MetaTrader 5 |
| 📱 OS Compatibility | Windows, Linux, MacOS, Android, iOS |
| 📈 Tradable assets offered | · Commodities · Forex · Indices · Shares |
| 👨💼 Languages supported on Website | English, Tamil, Arabic, Vietnamese, Filipino and Indonesian. |
| 👥 Customer Support Languages | Multilingual |
| 📆 Customer Service Hours | 24/5 |
| 👉 Open account | 👉 Click Here |
Min Deposit
USD 100
Regulators
FSA
Trading Platform
MT5
Crypto
No
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Choose your quick section of our Alpho review below.
Alpho Review – 20 Key Point Quick Overview Revealed (2025):
Alpho Overview
According to research in South Africa, Alpho is a relatively new Forex broker established in 2016 and headquartered in the Seychelles and regulated in that country by the FSA.
Alpho Safety and Security
When traders evaluate brokers, regulation is one of the most crucial components that must be considered. Regulated brokers are required to comply with stringent rules and regulations set by regulatory entities and through this, client fund security can be ensured.
The activities of regulated brokers are also overseen by such entities to ensure that there is no fraud or foul play, and to ensure that traders are always protected against such activities.
Alpho is an offshore broker that is regulated by the Financial Services Authority of Seychelles (FSA). While this regulatory body is not as highly regarded as the FCA or CySEC, it nonetheless does provide for some important client protection measures.
The Seychelles Financial Services Authority (FSA) is the regulator for non-bank financial services in the Seychelles.
Established under the Financial Services Authority Act, 2013, the Authority is responsible for the licensing, supervision, and development of the non-bank financial services industry of the Seychelles.
Alpho Leverage
Leverage is a tool which is offered by numerous brokers to traders. With leverage, traders can open larger positions, allowing traders more exposures to the market in which they are trading despite their initial deposit.
However, as beneficial as leverage may be, it can also be detrimental when used incorrectly or abused. Leverage increases a trader’s chance of gains and thus, it also increases the risk of losses.
Traders are at risk of incurring losses which may exceed their initial deposit, leading to a negative balance on their trading account if the trader does not have the benefit of negative balance protection.
Leverage is expressed as a ratio, for instance 1:1, 1:50, 1:100, 1:500, and even up to 1:3000. Leverage and margin go together, with margin being the amount required from the trader at the start of the trade. This amount serves as collateral for any credit risks which may arise.
When traders apply leverage, the margin requirement is reduced, and the trader can open larger positions.
Alpho offers variable leverage on the different instruments which can be traded, but the maximum leverage ratio available is 1:500. This is significantly higher than the leverage offered by many brokers today, particularly those operating within the EEA, where leverage has been capped at 1:30.
Alpho Accounts
A Forex account is a trading account that traders hold with a specific broker with the purpose of trading financial instruments. Brokers may offer traders either with a variety of accounts, with each catering for varying levels of skill, knowledge, and experience, or a single account that can be used.
The number of accounts along with the features offered will vary from one broker to the next. For this reason, it is imperative that traders evaluate brokers and make use of the demo accounts offered to explore the broker’s offering.
With Alpho, traders can register for one single account type which grants full access to all the 886 instruments which are available to trade, the MetaTrader 5 platform, and the maximum leverage ratio of 1:500.
Demo Account
The broker offers beginner traders the option of opening a free demo account, which is especially useful to be able to test out the broker’s trading features before deciding to apply for a real account.
The demo account is funded with virtual currency and allows traders full access to the MetaTrader 5 platform. Unfortunately, the broker does not indicate whether the demo account expires, or if it is available for an indefinite period.
Islamic Account Option
Alpho offers traders of the Muslim faith the option of opening an Islamic Account, also referred to as a swap-free account. This allows Muslim traders to avoid interest accrued on positions held overnight, which is restricted by Sharia law.
As with the live and demo account, traders can apply for the Islamic Account after having registered with the broker.
Min Deposit
USD 100
Regulators
FSA
Trading Platform
MT5
Crypto
No
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Alpho Market instruments
With Alpho, users can trade on 886 financial instruments covering Forex, Commodities, Indices and Shares on the popular MetaTrader 5 trading platform.
Alpho Fees
Another crucial factor that traders must consider when evaluating a broker is the fees that they will incur. These fees relate to both trading and non-trading activities and actions.
Trading Fees
One of the first fees that traders will encounter concerns a minimum deposit fee which is paid after the trader has completed account registration. Next, traders must consider the spreads, commissions, and margin requirements. Commission-free trading is available from Alpho, which takes a profit solely from the spread.
Spreads are variable and will be determined by the instrument or market being traded. Spreads starting from 3 pips on the Euro Dollar, which is high compared to many other brokers in the industry, even others who do not charge commission. The full break down of the spread list for each instrument can be viewed directly on the broker’s website.
Non-trading fees
Where non-trading fees are considered, traders must consider fees relating to account inactivity, deposit and withdrawal fees, account management and maintenance fees, currency conversion fees, and others.
From 1st, 2019, Alpho introduced a monthly Maintenance Fee of USD 10 (or currency equivalent) for all its current and new trading accounts. The Maintenance Fee will be charged if there are no transactions (deposits, withdrawals, or trading activity) on your Trading Account for a period of at least one month or more.
The broker does not appear to charge deposit or withdrawal fees, although a fee may be charged by the trader’s selected payment processor, which is beyond the broker’s control. Depending on your deposit currency, conversion fees may apply. Traders will have to contact the customer support team in this regard.
Alpho Deposit and withdrawal
When evaluating brokers, the ease with which deposits and withdrawals can be made is another imperative factor to consider.
Alpho has a broad selection of accepted deposit methods, which consist of the following:
Neteller
Ngan Luong
Skrill
Union Pay
Wire Transfer
The minimum deposit required to open a live account is $100, which is low compared to most other brokers in the industry today.
Alpho Trading platforms
The trading platform is the software that traders use to execute their trades. Each broker reserves the right to offer their own preferred trading platform. Where some brokers offer a variety of third-party platforms, others prefer offering their own proprietary platforms, if they have one.
Alpho provides traders with access to the MetaTrader 5 platform, which is the updated version of the highly popular MetaTrader 4 platform.
In comparison with MetaTrader 4, MetaTrader 5 has been significantly improved. It contains more advanced graphs and analytical tools as well as more timeframes including 2 minutes and 8 hours. An economic calendar has also been added.
The email system now allows attachments to be sent and the possibility to trade exchange. Most importantly, MetaTrader 5 provides further ways of trading in terms of both investment instruments and trade methodologies.
MetaTrader 5 has more timeframes, allows more pending orders and more technical indicators. You can fully access all your trading through the web, while being able to monitor all aspects of markets from anywhere in the world.
Min Deposit
USD 100
Regulators
FSA
Trading Platform
MT5
Crypto
No
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
How to open an account
Opening an account with Alpho simply involves clicking on the “Join” button located on the homepage of the broker’s website.
At the registration portal, traders provide their name, email and telephone number and should read and accept the terms and conditions before being redirected to the client portal.
At the client portal, users can then decide whether they would like to open a live account or a demo account and set their withdrawal and deposit methods. However, true trading can only begin once their profile has been completed and the verification process is complete.
Alpho Customer support
Alpho provides multilingual customer support in English, Tamil, Arabic, Vietnamese, Filipino and Indonesian.
The customer support team can be contacted via telephone or email only, and the lack of a live support chat option might mean that pressing client queries take longer to be resolved.
Alpho Education
Alpho has a decent educational offering, in the form of a free online and chaptered guide available from the broker’s website. However, other resources, like webinars, are not available. Such tools, resources, and materials prove helpful especially for beginner traders who do not yet know how to navigate trading or the markets.
Alpho Research
Research tools help traders in their activities in addition to helping them hone their skills in making informed trading decisions. In terms of its research offering, Alpho provides updated market news, an economic calendar, and insightful videos on the latest market movements from around the globe.
Alpho Awards
Awards serve to instil confidence in a broker as it reflects the level of service the broker offers. Alpho does not list any awards on its website to date. However, this is common amongst many offshore brokers.
Alpho vs AAFX Trading vs 4XCUBE – A Comparison
| 🔎 Broker | 🥇 Alpho | 🥈 AAFX Trading | 🥉4XCUBE |
| 💰 Minimum Deposit | $100/R1 600 | $100/R1 600 | $5/R80 |
| 📝 Sign-Up Bonus | - | - | ☑️ Yes |
| ➕ Max. Leverage | 1:500 | 1:2000 | 1:400 |
| 💵 Currency Pairs | - | - | 48 |
| 🚀 Open an Account | 👉 Open Account | 👉 Open Account | 👉 Open Account |
Alpho Current Popularity Trend
As According to Google Trends, here is an overview of how frequently the search term – “Alpho ” is entered into Google’s search engine over a given period of time.
Alpho Pro and cons
| ✔️ Pros | ❌ Cons |
| Commission-free trading | Lax regulation |
| High leverage | Offshore broker |
| MetaTrader 5 available | |
| No deposit or withdrawal methods | |
| Wide variety of deposit methods | |
| Wide variety of trading instruments |
Min Deposit
USD 100
Regulators
FSA
Trading Platform
MT5
Crypto
No
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Conclusion
Advanced traders will enjoy access to the MetaTrader 5 platform and higher leverage of up to 1:500 which can be used to trade an impressive range of 886 instruments. However, all traders should keep in mind that Alpho is an offshore broker regulated by the FSA, which is not as stringent as some of the larger regulatory agencies in the Forex trading industry.
Alpho Risk Management
Alpho is a financial services company that specializes in alternative investments, including risk management. Risk management refers to the process of identifying, assessing, and managing potential risks that may impact an individual’s investments or financial goals.
Alpho may provide clients with a range of risk management tools and services, such as portfolio analysis, market analysis, and risk assessment, as well as personalized investment strategies to help manage and mitigate risk.
Alpho may also offer alternative investment products and strategies, such as private equity and real estate, that are designed to provide diversification and help reduce overall risk in a portfolio.
Disclaimer
Alpho warns potential customers that Forex and CFDs trading carries a substantial risk and may not be suitable for all investors.
Before deciding to trade with Alpho, potential traders are advised to carefully consider their investment objectives, financial situation, needs and level of experience before investing money they cannot afford to lose. Alpho warns that margin trading involves the potential for profit as well as the risk of loss.
Movements in the price of foreign exchange and commodities are very unpredictable, hence Alpho cannot guarantee a maximum loss that a trader may suffer, according to research in South Africa.
Frequently asked questions
How many instruments can I trade with Alpho?
With Alpho, users can trade on 886 financial instruments covering Forex, Commodities, Indices and Shares.
Does Alpho offer leverage?
Yes. The broker provides a maximum leverage of 1:500.
What spreads can I expect with Alpho?
Spreads starting from 3 pips on the Euro Dollar, which is high compared to many other brokers in the industry, even others who do not charge commission.
Is Alpho regulated?
Yes, Alpho is regulated by the FSA in the Seychelles.
Is Alpho a recommended forex trading broker for experts and beginners?
Yes. Alpho offers a good environment for both beginners and experts.
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