Alpho Review 2024

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 #97 in our rankings of CFD brokers.

Ratings

30%
Trust
50%
Instruments
57%
Features
BonusNone
InstrumentsForex, CFDs, indices, shares, commodities
Demo Account ✓ Yes
Min. Deposit $100
Min. Trade0.01 Lots
Regulated ByFSA Seychelles
MetaTrader 4
MetaTrader 5
cTrader
DMA Account
ECN Account
Mobile Apps
Auto Trading
Trade Signals
Social Trading
Copy Trading
Islamic Account
Commodities
  • Gold
  • Silver

CFD Trading

Access a range of markets with online CFDs.

Leverage1:500
FTSE Spread5
GBPUSD Spread3
Oil Spread0.09
Stocks SpreadVariable

Forex Trading

Trade the most liquid & volatile forex pairs.

GBPUSD Spread3
EURUSD Spread3
EURGBP Spread4
Assets60+

Payment Methods

Alpho accepts the following payment methods:

Risk Warning – Your capital is at risk

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 alternatives

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.

Compare Alpho with Other Brokers

These brokers are the most similar to Alpho:

  1. FP Markets - FP Markets is an ASIC- and CySEC-regulated broker that offers forex and CFD trading on a broad range of assets through the MT4, MT5 and IRESS platforms. With trading available through standard and raw spread accounts on thousands of international stocks, forex, indices, commodities, cryptocurrencies, bonds and ETFs, this broker has some of the most comprehensive market coverage available. FP Markets also offers a full range of additional features, including educational resources and access to powerful software such as Autochartist.
  2. Admiral Markets - Admirals is an FCA- and ASIC-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.
  3. 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.

Alpho Feature Comparison

Alpho Compared With Similar Brokers
Alpho FP Markets Admiral Markets Swissquote
Rating - 4 3.5 4
Markets Forex, Stocks, Commodities Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities
Minimum Deposit $100 $100 $100 $1000
Minimum Trade 0.01 Lots 0.01 Lots 0.01 Lots 0.01 Lots
Demo Account Yes Yes Yes Yes
Regulators FSA Seychelles ASIC, CySEC, ESMA FCA, CySEC, ASIC, JSC FCA, FINMA, DFSA, SFC
Bonus - - - -
Education No Yes Yes No
Platforms MT5 MT4, MT5, cTrader MT4, MT5 MT4, MT5
Leverage 1:500 1:30 (UK), 1:500 (Global) 1:30 (EU), 1:500 (Global) 1:30
Visit
Review Alpho
Review
FP Markets
Review
Admiral Markets
Review
Swissquote
Review

Trading Instruments Comparison

Comparison of Alpho Trading Instruments
Alpho FP Markets Admiral Markets Swissquote
CFD Yes Yes Yes Yes
Forex Yes Yes Yes Yes
Stocks Yes Yes Yes Yes
Crypto No Yes Yes No
Commodities Yes Yes Yes Yes
Oil No Yes No Yes
Gold Yes Yes Yes Yes
Copper No Yes Yes No
Silver Yes Yes Yes Yes
Corn No Yes No No
Futures No Yes No Yes
Options No No No Yes
ETFs No Yes Yes Yes
Bonds No Yes Yes Yes
Warrants No No No No
Spreadbetting No No Yes No
Volatility Index No Yes Yes No

Alpho vs Other Brokers

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Trade forex and CFDs with rich trading tools and real-time market data.