Alpha FX Review 2024 (Expert Review)
Alpha FX Review Summary
Alpha FX is a global payment and currency trading specialist that provides advanced access to the forex market. In this review, we will explore the various products and trading conditions offered by Alpha FX. With a strict selection process, Alpha FX works with a select group of high-value clients. Their service offers a range of tools for managing foreign exchange risks. Traders from all over the world can use the platform to trade on 88 different currency pairs. It also accepts clients from many countries. This makes it a top choice for those who are just starting out in forex trading. The broker also supports a range of popular payment methods and has a good reputation.
Alpha FX review
Alpha FX Platform Features
๐บ๏ธ Country of regulation | FCA, FINTRAC, FSA |
๐ฐ Trading fees | No |
๐ฐ Inactivity fee | No |
๐ฐ Withdrawal fee | No |
๐ฐ Minimum deposit | $300 |
๐ Time to open a Alpha FX account | 1-3 Days. *A Alpha FX demo account can be opened in a few minutes, but live Alpha FX trading account creation times will vary depending on how long it takes to process your Alpha FX KYC documents. |
๐ณ Wire Transfer | No |
๐ Depositing with electronic wallet | No |
๐ฑ Number of base currencies supported | 1 |
๐ฎ Demo account provided | No |
๐๏ธ Financial Instruments offered | Forex, Majors, Indices, Energies, Metals, Agriculturals, |
Alpha FX review
Alpha FX Financial Regulation
Alpha FX is regulated by FCA, FINTRAC, FSA.
Alpha FX review
Alpha FX Pros And Cons
Regardless of how you trade, there is always a risk to online trading, as well as some key advantages to using such a method. Below are some key pros and cons. The pros of using Alpha FX include a large choice of assets that are available to be traded 24/7; and a modern website and mobile app; video guides and chart reading tools to help you carry out fundamental and technical analysis; community features to help you learn from and integrate with other platform users. On the other hand, the cons of using Alpha FX can be that the spreads offered on trading cryptocurrencies (Availability subject to regulation) are relatively wide; no mutual funds available to invest in; high risk meaning it is not often a suitable platform for new traders.
Alpha FX review
Alpha FX Advantages
One of the main advantages of using Alpha FX is around the clock service and support as well as research offerings. Not only this, but Alpha FX has reduced transaction costs and fees that are often associated with traditional brokerage firms. This provides users of Alpha FX with greater flexibility and more control - time is of the essence when trading, and where traditional brokers require appointments just to initiate a trade, trading with Alpha FX makes the process a lot quicker. Finally, users have the ability to monitor their investments in real time. Alpha FX offers stock quotes and trade information, making it easy for users to view how their investments are doing.
- Alpha FX has been in business over 10 years.
- Alpha FX offers mobile trading applications.
Alpha FX review
Alpha FX Disadvantages
Although Alpha FX has a lot of good points Alpha FX does not offer the below.
- Alpha FX does not offer Stock Trading (See Alpha FX alternatives who offer Stock Trading here)
- Alpha FX does not offer Cryptocurrency Trading (See Alpha FX alternatives who offer Cryptocurrency Trading here)
- Alpha FX does not offer PayPal as a payment method (See Alpha FX alternatives who offer PayPal as a payment method here)
- Alpha FX does not offer Neteller as a payment method (See Alpha FX alternatives who Neteller as a payment method here)
- Alpha FX does not offer Skrill as a payment method (See Alpha FX alternatives who offer Skrill as a payment method here)
- Alpha FX does not offer Islamic Accounts (See Alpha FX alternatives who offer Islamic Accounts here)
- Alpha FX does not offer ECN trading (See Alpha FX alternatives who offer ECN trading here)
- Alpha FX does not offer Bitcoin Trading (See Alpha FX alternatives who offer Bitcoin trading here)
- Alpha FX does not offer the MetaTrader 4 platform (See Alpha FX alternatives who offer the MetaTrader 4 platform here)
- Alpha FX does not offer the MetaTrader 5 platform (See Alpha FX alternatives who offer the MetaTrader 5 platform here)
- Alpha FX does not offer the cTrader platform (See Alpha FX alternatives who offer the cTrader platform here)
- Alpha FX does not offer a Apple Mac desktop trading platform (See Alpha FX alternatives who offer an Apple Mac desktop trading platform here)
- Alpha FX does not offer Spread Betting (See Alpha FX alternatives who offer Spread Betting here)
- Alpha FX does not offer Hedging (See Alpha FX alternatives who offer Hedging here)
- Alpha FX does not offer Scalping (See Alpha FX alternatives who offer Scalping here)
- Alpha FX does not offer mobile trading applications (See Alpha FX alternatives who offer mobile trading apps here)
- Alpha FX has inactivity fees (See Alpha FX alternatives who do not have inactivity fees here)
Risk Warning: Your capital is at risk.
Alpha FX review
Things to understand when trading with Alpha FX
Trading with Alpha FX involves risk. You should only risk capital with Alpha FX that you can afford to lose. Understand your risk tolerance with Alpha FX, and have a trading strategy that Alpha FX is able to help you execute. Alpha FX is a very accessible trading platform but you must take the time to be able to effective use the trading tools and financial instruments Alpha FX give you access too.
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Alpha FX Trading Fees
Trading fees on Alpha FX are taken in the form of the spreads Alpha FX offers when buying and selling financial instruments like stocks, commodities, fiat currencies and indexes on Alpha FX. Alpha FX fees vary depending on the financial instruments traded and can include, Alpha FX overnight funding fees, spreads, margins and Alpha FX inactivity fees, currency conversion fees, and a spread for applying a guaranteed stop order. There may be some fees when transfering money to and from your Alpha FX account charged by your 3rd party payment provider if your Alpha FX base currency is different from your Alpha FX withdrawal method.
Name | Alpha FX | IC Markets | Roboforex |
Account Fees | No | No | |
Withdrawal Fees | No | No | Yes |
Deposit Fees | No | ||
Inactivity Fee | No | No | |
riskwarning | Try Now Your capital is at risk | Try Now Losses can exceed deposits | Try Now Losses can exceed deposits |
Alpha FX review
Alpha FX Financial Instrument Fees
Alpha FX fees for Forex, Majors, Indices, Energies, Metals, Agriculturals, are listed below.
Alpha FX review
Alpha FX Stock Trading Fees
The majority of Alpha FX trading fees, commission is either a flat fee per trade or calculated based on the number of traded shares. Several brokers do also offer zero-commission trading for stocks, ETFs, and options. A Alpha FX stock trading fee is a brokerage fee that is charged when you buy or sell stocks. A trader may also pay commission or a fee for buying and selling other investments, like options or exchange-traded funds.
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Alpha FX Forex Fees
Commission on Alpha FX Forex trading can either be a fixed fee (i.e., a fixed sum regardless of volume) or a relative fee: the higher the trading volume, the higher the commission. The amount of money that a trader is charged for Alpha FX Forex fees is based on their trade size. To calculate Alpha FX Forex fees, one would subtract the bid price from the ask price to find the spread. A Forex broker keeps this spread as their fee/commission.
Alpha FX review
Alpha FX Cryptocurrency Fees
Aside from the price of the cryptocurrency itself, each cryptocurrency exchange adds a fee for trading, when customers purchase and sell coins. Alpha FX cryptocurrency fees can vary, but most exchanges charge between 0.1% to 1% or more per trade. That means that if you've used $1,000 to invest in a certain crypto, the fee you will eventually pay for that transaction could be anywhere between $100 and $1,000. Alpha FX cryptocurrency fees include a fee for the Maker (which adds to the order book liquidity through limit orders) and Taker (which subtracts liquidity from an order book through market orders).
Alpha FX review
Alpha FX Non Trading Fees
Alpha FX non-trading fees include a variety of Alpha FX brokerage fees and charges that a trader will pay which are not related to buying and selling financial instruments using the Alpha FX trading platform. The most common non-trading fees include Alpha FX withdrawal fees, Alpha FX deposit fees and Alpha FX inactivity fees.
Alpha FX review
Alpha FX Deposit Fees
Alpha FX does charge deposit fees in some cases. When funding your Alpha FX account there may be some Alpha FX deposit fees which will vary depending on the payment method you use to deposit to your live Alpha FX trading account.
Alpha FX review
Alpha FX Inactivity Fees
Alpha FX does charge clients an inactivity fees for dormant Alpha FX trading accounts. A Alpha FX inactivity fee is a sum charged on Alpha FX brokerage accounts who have not met the minimum buying or selling amount of activity over a specific period. Brokers typically attempt to compensate for lack of commissions by charging inactivity fees.
Alpha FX review
Alpha FX Withdrawal Fees
Alpha FX does not charge withdrawal fees. Withdrawals fees vary between Alpha FX and Alpha FX alternatives depending on where you are located and how much money you are withdrawing.
Alpha FX review
Alpha FX Account Fees
Alpha FX does not charge account fees. Account fees charged differ between Alpha FX and other brokers. An account is a fee that Alpha FX and other brokers assesses on all accounts for the ability to keep an account on their platform.
Alpha FX review
Alpha FX Account Opening
The Alpha FX account registration process is simple, user-friendly, and quick. Within 1-3 Days most Alpha FX trading accounts are ready for live trades. Our Alpha FX account was validated in 1 day, but live Alpha FX trading account verification times will vary depending on the time it takes to process your KYC documents and Alpha FX trading account application. A Alpha FX demo account can be opened in a few minutes.
Alpha FX trading accounts are available in over 194 countries. Alpha FX is restricted in the following countries.
Apart from the restricted countries a Alpha FX trading account can be opened globally.
The Alpha FX trading platform is available for residents in US. Some financial instruments Alpha FX offer may be restricted in your country.
- Fast Alpha FX account opening.
- Alpha FX accounts can be opened and KYC can be verified digitally.
- Alpha FX minimum deposit is $300 USD / GBP / EURO.
- Alpha FX trading account verification may be held up for longer than a day if there is an issue with verifying your account.
Alpha FX review
Alpha FX Deposit And Withdrawal
Alpha FX Account Base Currencies
A base currency is the currency in which your account is denominated. In other words, it is the currency you use to trade. Base currencies are used for accounting purposes to refer to the currency in which an investor maintains their book of accounts. For foreign exchange market purposes, a base currency refers to the first currency in a currency pair and the second, the quote currency.
GBP, USD, EURO are supported by Alpha FX as account base currencies. However, in each country, only two or three account base currencies are accessible, usually the local currency plus USD. In the United Kingdom, for example, only GBP, EUR, and USD are accessible for UK traders.
Alpha FX offers the following account GBP, USD, EURO.
When trading make sure your Alpha FX trading account currency is the same currency as your withdrawal and deposit bank account otherwise there may be some additional currency conversion fees levied by your bank. Alpha FX has no control over the fees your bank may charge for currency conversions or withdrawals and deposits to from and to your bank account.
Name | Alpha FX | IC Markets | Roboforex |
Number Of Currencies | Yes | 10 | 4 |
Base Currencies | USD, GBP, EUR, CHF, JPY, SGD, AUD, CAD, HKD, NZD | USD, EUR, XAU | |
riskwarning | Try Now Your capital is at risk | Try Now Losses can exceed deposits | Try Now Losses can exceed deposits |
Alpha FX review
Alpha FX Deposit Fees and Deposit Methods
Investors can log in to their Alpha FX trading account, type in their credit card information and the funds required will be posted in a number of business days. Investors can also transfer funds into their Alpha FX trading accounts from an existing bank account or send the funds through a wire transfer or online check.
Alpha FX Deposit Fees
Making a deposit on your Alpha FX account is free.
Alpha FX Deposit Methods
There are several methods through which you can deposit money into your Alpha FX account. One can use a credit or debit card and Alpha FX accepts payments from credit and debit cards provided by MasterCard and Visa. You can use PayPal, funding your Alpha FX account using a personal PayPal account. One can also use bank wire or electronic bank transfer. If you have enough funds in your respective account, your bank account will be debited while the equal amount will be deposited into your Alpha FX account. Funding methods for Alpha FX include .
Alpha FX review
Alpha FX Withdrawal Fees and Withdrawal Methods
You can withdraw cash from your Alpha FX brokerage account if you have available funds. If you want to withdraw more than you have available as cash, you may need to close open Alpha FX positions before doing so. Remember that after you close your orders, you may have wait for the trade to settle before you can withdraw that money from your Alpha FX account.
Name | Alpha FX | IC Markets | Roboforex |
Funding Methods | Credit Cards, VISA, MasterCard, Debit Cards, Visa, MasterCard, Bank Transfer, PayPal, Neteller, Neteller VIP, Skrill, Poli, Cheque, BPAY, UnionPay, FasaPay, QIWI, RapidPay, Klarna, Electronic wallets (eWallets), Broker to Brokers, Thai Internet Banking, Vietnamese Internet Banking, | Credit cards, VISA, MasterCard, JCB, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, Skrill, Perfect Money, AdvCash, BPAY, China UnionPay, FasaPay, CashU, WeChat Pay, ecoPayZ, AstroPay, Sofort, Giropay, Poli, Wepay, iDEAL, Payoneer, | |
Withdrawal Fee | No | No | Yes |
Deposit Fee | Varies | No | |
riskwarning | Try Now Your capital is at risk | Try Now Losses can exceed deposits | Try Now Losses can exceed deposits |
Alpha FX Fees When Withdrawing Your Account Balance
Alpha FX do not charge withdrawal fees. Some withdrawal fees are out of the control of Alpha FX and may be due to 3rd party payment providers and your account base currency.
Alpha FX Withdrawal Methods
Log into your Alpha FX trading account, which is connected to your bank account. Go to the section that says โfundsโ or โaccountsโ and click on it. You will be given two choices: either to add funds or withdraw funds. Click 'withdraw funds' to start transferring money from your Alpha FX account to your bank account. To withdraw money from your Alpha FX account you can use credit or debit cards. Alpha FX processes withdrawals to credit and debit cards provided by MasterCard and Visa. One can also use PayPal, as Alpha FX processes withdrawals to PayPal accounts. Finally, you can also withdraw funds straight to your bank account via bank transfer.
Alpha FX review
Alpha FX Trading Platforms
As there are a number of tradable financial instruments available on the Alpha FX trading platform. Before investing in the Alpha FX platform, there are important factors to consider. Some platforms are designed for the more advanced trader, thus offering more research and analytical tools. The Alpha FX platform has a demo account and educational resources, but it may not be designed for new traders so focuses less on those educational features. Alpha FX offer support.
If you struggle with technology, you need to consider the level of support on Alpha FX is available. Another thing to consider is your financial goals. Make sure that a Alpha FX account fulfils these goals. Several platforms offer commission-free trading, but some require a minimum fee for opening an account.
There can also be additional fees, such as inactivity charges, withdrawals and transfers. Make sure that you have enough funds to trade via a Alpha FX account. Ensure that Alpha FX allows you to focus on the type of trading that you want to focus on.
Make sure Alpha FX is correct for your investment purposes. Markets change quickly, and you need to be able to execute an order instantly. on your platform. Before using Alpha FX, think about how easy it is to use for your personal needs. Does the Alpha FX platform offer real-time updates or delayed updates that are more informed? Remember to check if Alpha FX is well regulated, and what tradeable financial instruments Alpha FX has. Security is very important when it comes to trading with Alpha FX.
Alpha FX Web Trading Platform
A Alpha FX web trading platform is a piece of software that is used for trading. This includes opening, closing, and managing market positions through Alpha FX which acts as a financial intermediary. Alpha FX is a web trading platform through which Forex traders can open and close positions online, without downloading any software. Via a web browser, traders can follow Bid-Ask spreads, place Stop Loss and Take Profit orders, as well as track all past and current positions executed.
Mobile Trading Platform
Both Android and iOS devices are supported by the Alpha FX mobile trading platform.
Alpha FX Apple IOS Trading Platform
A Alpha FX iOS trading platform is the application software that enables investors and traders to place trades and monitor accounts through iOS apps on Apple devices, such as an iPhone.
Alpha FX Google Play Android Trading Platform
A Alpha FX Google Play trading platform is the application software that enables investors and traders to place trades and monitor accounts through Google Play apps on Android devices, such as an Android mobile smartphone.
Alpha FX review
Alpha FX Mobile Trading User Experience
Alpha FX mobile trading gives its users a platform to trade from anywhere in the world, as long as they have an internet or WiFi connection. The mobile trading app provides an ease of transacting while using a mobile device. This is because orders can be placed quickly and effortlessly. Alpha FX mobile trading refers to trading using a mobile phone.
Leading brokerages like Alpha FX offer mobile trading apps to their clients who are able to use them to trade and even monitor their entire Alpha FX portfolio. All an investor needs is a Web-enabled smartphone and a trading account with Alpha FX. Once you have download the Alpha FX trading app, you are ready to begin.
Alpha FX review
Alpha FX Desktop Computer Trading Platform
A Alpha FX computer trading platform is a software which one can use to research, place, monitor and edit trades on your desktop computer. You can choose from many platforms, including desktop platforms, trading apps, web-based platforms and third-party programs. The Alpha FX desktop computer trading platform is the software that enables investors and traders to place trades and monitor accounts through financial intermediaries. The Alpha FX desktop trading platform offers other features to its users, such as real-time quotes, charting tools, news feeds.
Alpha FX PC Trading Platform
One needs a computer with high performing hardware if their plan is to be a full time trader using Alpha FX. A trading computer with access to a Alpha FX PC trading platform is a superior, extremely fast computer which is designed and customized to maximize a traders ability to interface with markets and make decisions in real time. There are four key ingredients to a great Trading Computer: speed, reliability, multiple monitors, and post-sale service & support.
Alpha FX Apple Mac Trading Platform
Apple Macs and MacBooks can easily handle the most important requirements when using the Alpha FX trading platform. This includes the ability to have multiple browser tabs or trading apps open, a high quality display or monitor (high definition Retina displays with True Tone technology, adjusting and adapting to ambient lighting), an accurate trackpad or mouse, lightweight design, and long battery life. Macs are easy to set up, start up, use and even maintain. A Mac can go from cold boot to live trading using just a couple of mouse clicks and in well under a minute. Therefore, the Alpha FX trading platform is very user friendly on a Mac device.
Alpha FX review
Alpha FX Trading Look And Feel
The Alpha FX user interface (UI) is what Alpha FX traders will see and interact with first when trading with the Alpha FX trading platform. The Alpha FX is well designed. The goal of the Alpha FX trading UI is to make the Alpha FX user's experience intuitive. The Alpha FX application has good user experience and a good level of customer satisfaction.
Alpha FX Security
Alpha FX is a secure trading platform. Alpha FX offers traders security via 2 factor authentication, SSL encription when trading with Alpha FX. Alpha FX trading accounts are masked and encrypted using cutting-edge encryption and masking technology to secure your personal and financial information when trading with Alpha FX. Rate limitation on Alpha FX suspicious account activities is another layer of protection that is provided for Alpha FX trading accounts, for example multiple failed login attempts with Alpha FX. You have the option to further safeguard your account by using Alpha FX Two-Factor Authentication (2FA), which provides an extra layer of security.
The Alpha FX trading infrastructure is constantly watched and guarded by a trained team at Alpha FX In addition, Alpha FX never send sensitive information without first encrypting on the Alpha FX trading platform using transport layer security (TLS) and SSL.
Alpha FX review
Placing A Buy Or Sell Order On Alpha FX
Available Alpha FX order types. # market, limit, stop, stop limit, Good until end of day / canceled.
Alpha FX Market Order
A Alpha FX market order is an order to buy or sell a stock at the market's current best available price. A market order usually ensures an execution, but it does not guarantee a specified price. Market orders are optimal when the primary goal is to execute the trade immediately. Alpha FX market orders are executed by a broker or brokerage service on behalf of clients who wish to take advantage of the best price available on the current market. Alpha FX market orders are popular as they are a fast and reliable method of either entering or exiting a trade.
Alpha FX Limit Order
A Alpha FX limit order is an order to buy or sell a stock with a restriction on the maximum price to be paid or the minimum price to be received. If the order is subsequently filled, it will only be at the specified limit price or better. However, having said this, there is no assurance of execution.
Alpha FX Stop Order
A Alpha FX stop order, also referred to as a stop-loss order, is an order to buy or sell a stock once the price of the stock reaches a specified price, known as the stop price. When the stop price is reached, a stop order becomes a market order. A sell stop order is entered at a stop price below the current market price. If the stock reaches the stop price, the order becomes a market order and is filled at the next available market price.
Alpha FX Stop Limit Order
A Alpha FX stop-limit order is an order to buy or sell a stock that combines the features of a stop order and a limit order. Once the stop price is reached, a stop-limit order becomes a limit order that will be executed at a specified price (or better). The Alpha FX stop-limit order triggers a limit order when a stock price hits the stop level. A Alpha FX stop-limit order can be helpful when trading if you are unable to watch your trades all day.
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Alpha FX Alerts And Notifications
Price alerts and notifications can be established for executed orders, important news, and margin calls, for example. On the online platform, these notifications appear as pop-up messages. It would be preferable if you could set up email or SMS notifications as well.
Alpha FX review
Alpha FX Trading Platform Features
Online trading platforms like Alpha FX are used by traders to help them with every aspect of trading. Market analysis, price projections, and purchase timing are all key when trading live financial markets with Alpha FX. The Alpha FX trading platform provides traders with up to the second charts in order to enable them to execute transactions at the click of a button using Alpha FX.
Alpha FX Margin Trading
Alpha FX margin trading means borrowing money from the brokerage firm in order to carry out trades. When trading on margin, investors first deposit cash that then serves as collateral for the loan, and then pay ongoing interest payments on the money they borrow. In essence, Alpha FX margin trading is a facility under which one buys and sells stocks that they cannot afford. You are allowed to buy and sell stocks by paying a marginal amount of the actual value. This margin is paid either in cash or in shares as security. Your broker funds your margin trading transactions.
Alpha FX review
Alpha FX Account Types
Alpha FX Demo Account
Alpha FX offers demo accounts that gives traders the ability to purchase and sell Alpha FX financial instruments in a practice environment, using fake Alpha FX digital money and live market conditions and data. When you practise on a Alpha FX demo account, one of the many advantages you'll enjoy is the opportunity to get acquainted with the more technical parts of the Alpha FX platform. Alpha FX demo accounts allow you to experience and practice a variety of market charts, Alpha FX trading indicators, and trading strategies using Alpha FX.
Alpha FX Standard Account
Alpha FX offers a standard trading account, allowing Alpha FX traders to trade a wide range of financial instruments, with competitive spreads, using the feature rich Alpha FX trading platform.
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Alpha FX Tradable Financial Instruments
Alpha FX tradable financial instruments are the financial instruments that are specifically available to trade on the Alpha FX trading platform. This refers to the different types of financial markets you can trade with through Alpha FX. Sometimes called securities , they range from commodity futures to stocks and CFDs, to currencies and metals, and more on Alpha FX.
Name | Alpha FX | IC Markets | Roboforex |
CFD Trading | Yes | Yes | |
Stock Markets | No | 2100 | 53 |
ETFs | No | ||
Fractional Shares | No | Yes | |
Cryptocurrencies | Yes | No | |
riskwarning | Try Now Your capital is at risk | Try Now Losses can exceed deposits | Try Now Losses can exceed deposits |
Alpha FX review
Alpha FX Trading Stocks
Stock trading with Alpha FX is the act of purchasing and selling shares in a corporation listed on a stock exchange available for trading with Alpha FX; if you possess the stock on Alpha FX, you own a piece of the corporation and may be entitled to voting rights where applicable.
Stock trading on Alpha FX involves purchasing and selling stocks and share using Alpha FX periodically in order to time trades against the stock markets, with the aim of using Alpha FX to profit from your stock trading. Alpha FX stock traders look to profit from the short-term market developments by selling stocks for a profit or buying stocks at a cheap price on Alpha FX. Stock traders on Alpha FX conduct significant study, frequently dedicating several hours every day to market monitoring using Alpha FX trading tools.
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Alpha FX Trading ETFs
What Are ETFs
Alpha FX does not offer ETF trading. An ETF is a collection of assets whose shares are traded on a stock market. They blend the characteristics and potential benefits of stocks, mutual funds, and bonds. ETF shares, like individual stocks, are traded throughout the day at varying prices based on supply and demand.
What Are Fractional Shares
Alpha FX does not offer fractional share trading.
Investors can buy fractional shares of a stock, making it easier to diversify even with modest amounts of money. Investors can buy stock in fractional shares by specifying a dollar amount rather than the price of a whole share.
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Alpha FX Trading Cryptocurrencies
Alpha FX offers cryptocurrency trading.
Cryptocurrency trading can be conducted using Alpha FX to buy and sell the cryptocurrency financial instruments on Alpha FX. Cryptocurrency trading can also be done using a cryptocurency CFD Alpha FX trading account where allowed by financial regulators, to speculate on up or down price movements of a specific crypto asset using Alpha FX. A CFD is a high risk leveraged trade between the trader and the Alpha FX brokerage. No underlying assets are exchanged with a Alpha FX CFD contract, it is purely speculation on the crypto financial instruments price movements with Alpha FX. Alpha FX CFD trading on cryptocurrency assets is not allowed in the United Kingdom as set by the UKs financial regulator the FCA. Check to see if Alpha FX CFD cryptocurrency trading is allowed in your region and make sure you undertand the risks fully before trading.
The volatility of cryptocurrencies is the biggest source of risk when trading them with Alpha FX. They are high-risk and speculative, and you should be aware of the hazards before you begin trading high risk financial instruments with Alpha FX.
Cryptocurrency trading is not offered by Alpha FX, so you will need to find a Alpha FX alternative that allows you to buy and sell the underlying cryptocurrency assets. Alpha FX CFD trading on cryptocurrency assets is not allowed in the United Kingdom as set by the UKs financial regulator the FCA. Check to see if CFD cryptocurrency trading is allowed in your region with a Alpha FX alternative and make sure you undertand the risks fully before trading.
Alpha FX review
Alpha FX Forex Trading
Forex trading with Alpha FX is a method through which to invest money which involves trading one currency for another in a Forex currency pair with Alpha FX. The main aim of Alpha FX Forex trading is to successfully predict if the value of one currency will increase or decrease when compared to another. You can trade major, minor and exotic currency pairs with Alpha FX. As a Alpha FX Forex trader, one buys and sells currencies on a foreign exchange market. Their duties include performing research or analysis on a currency pair using a trading platform like Alpha FX. In general, Forex traders can either work for banks and hedge funds or trade independently using trading platforms like Alpha FX. Some traders use charts and indicators for Forex analysis, while others rely on news and economic data available on Alpha FX.
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Alpha FX Commodities Trading
Commodity trading is a type of trading available on Alpha FX where individuals or businesses buy and sell financial instruments using Alpha FX related to commodities, such as metals or oil.
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Alpha FX Options Trading
Alpha FX options trading is the trading of instruments that gives someone the right to buy or sell a specific security on a specific date at a specific price. If one decides to complete that purchase or sale, they are know to be exercising the option. Alpha FX option strategies are the simultaneous, often mixed, buying or selling of one or more options which differ in one or more of the options' variables.
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Alpha FX Futures Trading
Futures trading with Alpha FX is where derivative financial contracts obligate a buyer to purchase an asset or a seller to sell an asset at a predetermined future date and set price using Alpha FX to facilitate the trade. A Alpha FX futures contract allows an investor to speculate on the direction of a security, commodity, or financial instrument available on Alpha FX. Typically, futures contracts are traded on an exchange such as Alpha FX; one trader agrees to buy a given quantity of securities or a commodity, and take delivery on a certain date. The selling Alpha FX trader to the contract agrees to provide it.
Alpha FX review
Alpha FX Bonds Trading
Bonds trading on Alpha FX is a way of making profit from fluctuations in the value of corporate or government bonds. The government will pay a defined interest rate on an investment for the duration of the issued bond, and then give the original sum back at the end of the loan's term to the Alpha FX trader. Bonds can be bought and sold on Alpha FX after they are issued. While some bonds are traded publicly through Alpha FX, most trade over-the-counter between large broker-dealers like Alpha FX acting on their clients' or their own behalf. Yield is therefore based on the Alpha FX purchase price of the bond as well as the coupon.
Alpha FX CFD Trading
A contract for difference (CFD) allows traders to speculate on the future market movements of an underlying item without owning it or taking physical delivery of it. CFDs can be used to trade a variety of underlying assets, including stocks, commodities, and foreign exchange.
Name | Alpha FX | IC Markets | Roboforex |
Forex CFD | 61 | 35 | |
Index CFD | 25 | 30 | |
Stock CFD | 110 | 8400 | |
ETF CFD | 30 | 50 | |
Commodity CFD | 20 | 20 | |
Crypto CFD | Yes | No | |
riskwarning | Try Now Your capital is at risk | Try Now Losses can exceed deposits | Try Now Losses can exceed deposits |
Alpha FX review
Alpha FX Trading Research Tools
Taking advantage of Alpha FX trading research tools which are designed to help traders analyse potential investments using the Alpha FX trading platform. Some Alpha FX research tools include charts, technical analysis, and Alpha FX trading indicators.
Alpha FX Trading News
Traders can follow the markets and make wise investment decisions on Alpha FX by using the news to help form a strategy when it comes to choosing investments. A Alpha FX news trading strategy involves trading based on news and market expectations, both before and following news releases. Traders need to assess the news immediately after it is released and make a quick judgement on how to trade as a result.
Alpha FX Economic Calendar
An economic calendar is used by investors to monitor market-moving events, such as economic indicators and monetary policy decisions. Market-moving events, which are usually announced or released in a report, have a high probability of impacting the financial markets. A Alpha FX economic calendar is a resource that allows traders to learn about important economic information scheduled to be released throughout the major economies. Events may include indicators such as GDP, the consumer price index (CPI), and the Non-Farm Payroll (NFPs) report.
Alpha FX Fundamental Data On Financial Instruments & Companies
Fundamental research does not usually generate findings that have immediate applications in a practical level. Fundamental research aims to answer the questions of why, what or how and tend to contribute to the pool of fundamental knowledge in a research area. Alpha FX fundamental analysis research data looks at the price movement of a security and uses this data to attempt to predict future price movements. Fundamental analysis, on the other hand, looks at economic and financial factors that influence a business. Fundamental analysis therefore evaluates securities by attempting to measure their intrinsic value.
Alpha FX Charting
Technical analysis indicators such as MACD,RSI, Stochastics, OBV, and Fibonacci are vital for trading. The primary types of chart used by traders on Alpha FX are the Candlestick Chart, Line Chart, Point and Figure charts, and Renko Chart. Charts such as these are plotted either on an arithmetic or logarithmic scale and the analyst then goes with either one depending on the information acquired.
Alpha FX portfolios
Trading portfolios are useful when trading with Alpha FX.
A trading portfolio is made up of various investment vehicles. Distinct trading portfolios, each tailored toward a different investing strategy, might be owned by an investor.
A Alpha FX trading portfolio is a traders collection of investments, which may include a variety of Alpha FX financial instruments.
Alpha FX review
Alpha FX Payment Methods
A Alpha FX payment method is required to fund your Alpha FX trading account before placing a buy or sell order on a financial instrument.
When trading with Alpha FX, there are a variety of payment options accessible; different brokers support different deposit and withdrawal methods. Each trade payment option has its own set of benefits and cons in terms of costs, processing times, and limits. Some thing to be aware of is if your bank accounts base currency is different to the base currency of your trading account, your bank may add additional transfer fees that Alpha FX do not have any control over.
Name | Alpha FX | IC Markets | Roboforex |
Payment Methods | BPAY, Credit Card, FasaPay, Giropay, Mastercard, Neteller, PayPal, POLi, QIWI, Rapid Transfer, Skrill, UnionPay, Visa, Wire Transfer, Yandex Money | ADVcash, Alipay, Bitcoin Payments, Cashu, FasaPay, Giropay, iDeal, MoneyGram, Neteller, Perfect Money, POLi, QIWI, Rapid Transfer, SafeCharge, Skrill, Sofort, Trustly, Vietcombank Transfer, Visa, Webmoney, WeChat Pay, Wire Transfer, Yandex Money | |
riskwarning | Try Now Your capital is at risk | Try Now Losses can exceed deposits | Try Now Losses can exceed deposits |
Alpha FX review
Alpha FX Withdrawl Methods
When trading with Alpha FX at some point you will want to release your funds back to your bank account or other withdrawal method. Many modern trading platforms offer withdrawal of your trading account balance to digital wallets and direct bank transfers. Depending on your geo region certain withdrawal methods may be more convenient to you. Each withdrawal method has its own withdrawal time which you will have to check before withdrawing your Alpha FX account balance. Alpha FX may have minimum withdrawal limits that you will need to check before withdrawing.
You may be charged a currency conversion fee by your withdrawal method if you withdraw your Alpha FX account balance in a currency other than GBP, or whatever your withdrawal method account base currency is.
Alpha FX Withdrawals Times
The time it takes for your withdrawal to arrive is determined by the method you used to make it. It's important to remember that this is the payment method you used to fund your Alpha FX account.
Withdrawal requests can take up to three business days to be processed by Alpha FX.
You may anticipate to receive your money within three business days for bank transfers, credit/debit cards, and digital wallets.
If you're having a withdrawal transferred to your digital wallet account, your Alpha FX should arrive in less than 24 hours.
Alpha FX review
Alpha FX Customer Support
Customer support represents the resources within the Alpha FX company that provides technical assistance to its customers after they use the Alpha FX service. A customer may often need to seek out support when they are in need of help, so a customer support team must be easy to contact, available, and responsive.
Alpha FX offer customer support.
Alpha FX Email Support
Alpha FX offers email support.
Email support is a a convenient method of Alpha FX customer service but responses to support queries are not quick. You may have to wait between 1 - 3 days for a response from Alpha FX regarding your support request.
Alpha FX Livechat Support
Alpha FX offers livechat support.
Alpha FX live chat support is a way for customers to obtain help from Alpha FX through an instant messaging platform. It happens at a one-to-one level, often via the company's website. It can be a proactive chat pop-up, with a chat box appearing on the screen and asking if you need help. Clicking on it would then connect you to a live agent. Livechat is great if you require a reponse to your support request withing 15 minutes.
Alpha FX Telephone Support
Alpha FX does not provide Alpha FX clients phone Support. If you need to contact Alpha FX use one of the alternative available Alpha FX contact methods.
Alpha FX does not offer telephone support.Alpha FX Average Support Response times
Contact Method | Average Response Time |
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We tested the customer service response times of Alpha FX on Monday, November 25, 2024.
Alpha FX review
Alpha FX Educational Resources
Alpha FX educational resources are used throughout the Alpha FX learning environment to help and assist with customer's development and learning of trading on Alpha FX. They are designed to reinforce learning and in some cases allow people to put their knowledge to the test using Alpha FX trading tools. Educational resources like some of the resources available with Alpha FX are a good as part of a wider set of educational guides and information from else where online.
Some of the Alpha FX trading guides and information that we found useful included forex trading courses, market psychology webinars, platform tutorials, daily news.
Alpha FX Trading Platform Tutorials
Alpha FX offer a range of learning resources and tutorials and guides made available to registered Alpha FX users. The Alpha FX guides are usually broker down into indepth articles explaining varioius trading topics, quizes and video explainers which aim to educate Alpha FX users on basic trading principles.
Alpha FX Trading Videos
Alpha FX offer a selection of online trading videos.
Trading videos on Alpha FX help new and even more experienced investors gain insights into Alpha FX technical analysis tools and how the different financial markets work when trading on Alpha FX.
Alpha FX trading videos cover the basics of financial instruments like stocks, Forex, commodities, ETFs and cryptocurrencies. Some Alpha FX training videos help widen your trading knowledge. The more trading knowledge you have the better you will be able to mitigate and understand trading risks when using Alpha FX to trade live financial markets.
Alpha FX Webinars
Alpha FX offers access to online webinars. A webinar is an interactive online event in which a speaker (or a small group of speakers) delivers a presentation to a large audience of Alpha FX clients who participate by asking questions, replying to polls, and using other interactive technologies available on the Alpha FX trading platform.
Alpha FX review
Alpha FX Financial Regulation When Trading
Financial regulations on Alpha FX protect consumers' investments. Regulations prevent financial fraud and limit the risks that Alpha FX as a financial institution can take with their investors' money. Financial regulators oversee three main financial sectors: banking, financial markets, and consumers. A well-functioning financial system is vital for the economy, businesses and consumers. Alpha FX financial regulation is part of ensuring the safety and soundness of the financial system and protecting consumers.
Is Alpha FX Regulated?
Alpha FX is regulated by FCA, FINTRAC, FSA.
Alpha FX is licensed by financial regulators in certain jurisdictions. You can find out if brokers like Alpha FX are licensed in your country, if they have had run-ins with regulators, or received serious complaints from Alpha FX investors, directly with financial regulators in your country.
Alpha FX Regulatory Protection Limits
When registering with Alpha FX you must check with regulatory body your Alpha FX trading account falls under. Even though you are a resident of the UK for example your account may fall under regulatory rules outside the jurisdiction of the FCA. Check which company entity and regulation your Alpha FX account is over seen by. Alpha FX client funds are stored in segregated 3rd party bank account in accordance with Alpha FX financial regulators.
Client country | Investor protection amount | Regulator |
---|---|---|
United Kingdom | ยฃ85,000 | Financial Conduct Authority (FCA) |
EU Investor Compensation Scheme | max โฌ50,000 | Directive of The European Parliament and European Commission |
Other countries | 90% of your funds, max โฌ20,000 | Bulgarian Financial Supervision Commission (FSC) |
Alpha FX Trading Signals
Alpha FX offers trading signals to Alpha FX clients.Alpha FX trading signals are triggers to buy or sell a security based on a pre-determined set of criteria. Traders can create trading signals using a plethora of criteria: from simple ones, such as earnings reports and volume surge, to more complex signals that are derived using existing signals. A Alpha FX trading signal is an alert to traders to either enter or exit a position. Trading signals are based on specific times and prices and can be identified through technical or fundamental analysis. It is up to the Alpha FX trader to then decide whether or not to act on the signal.
Make sure you understand the risks of trading signals.
How does Alpha FX make money?
Because Alpha FX acts as an intermediary, Alpha FX gets compensated on buy and sell transactions of financial instruments. As a result, Alpha FX profit is determined by the volume and number of transactions. Alpha FX earns revenue to fund their Alpha FX platforms and wide range of trading services through market spreads.
Can you buy shares on Alpha FX?
Alpha FX does not provide customers with real company shares trading.
Does Alpha FX offer Cryptocurrency?
Alpha FX does not offer cryptocurrency trading. The offering of crypto CFDs was stopped by most trading platforms on November 27, 2020, as a result of the Financial Conduct Authority of the UKs restrictions on cryptocurrency. While buying and selling Bitcoin and other cryptocurrencies is still lawful, the UK financial regulator, the Financial Conduct Authority (FCA), has made trading cryptocurrencies illegal for UK residents. This is because the FCA considers crypto CFD trading to be a high-risk activity. You'll need to see if trading crypto CFDs are allowed in your country.
Alpha FX Lower fees, lower costs?
Alpha FX have reasonable trading fees and costs. Alpha FX do not charge a deposit fee. Alpha FX may charge a withdrawal fee. Some withdrawal fees are out of the control of Alpha FX and may be due to 3rd party payment providers and your account base currency.
What about the minimum deposit?
Alpha FX minimum deposit is $300 USD / GBP / EUR.
How to start your Alpha FX account?
You can sign up for a live or demo Alpha FX trading account by visiting Alpha FX and signing up. Enter your details, upload proof of ID, fund your account and you should be up and trading within a few hours. Open an Alpha FX account here.
How's the Alpha FX trading app?
Alpha FX allow traders to trade financial markets on Alpha FX does not currently offer trading through any mobile applications on iOS or Android. supported mobile devices.
You can tryout the Alpha FX trading app here. Your capital is at risk
Is the quality of Alpha FX customer service satisfactory?
Alpha FX have average customer support offering support through support options.
Is this broker good for new traders?
Alpha FX is a good trading platform for new traders as Alpha FX offer a good range of educational resources, good support options as well as a demo account.
How do you withdraw money from Alpha FX?
Alpha FX offer a good selection of withdrawal options. Once Alpha FX have confirmed and approved your withdrawal information, withdrawals are usually processed within 1 to 3 days.
Best Alpha FX Alternatives Reviews
If Alpha FX isnt quite what you are looking for you can check out some of the best Alpha FX alternatives below.
- IC Markets Review (read our in depth 2024 review)
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Best Alpha FX Alternatives In Detail
If you would like to see Alpha FX compared agains some of the best Alpha FX alternatives available right now you can do so by clicking on the links below.
- IC Markets Alternatives (read our in depth 2024 Alternatives for IC Markets)
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