Alpho Forex Broker

Alpho Forex Broker


Alpho is an online financial services provider that offers a wide range of products across different asset classes. This broker has a lot to offer, including MT5 as its main trading platform. This review will delve into Alpho’s key features, trading tools, and platforms.

alpho forex broker

Alpho Regulation and Security

Alpho is the trading brand of Gulf Broker Ltd, a company licensed to operate in Seychelles. It falls under the regulatory authority of the Financial Services Authority or FSA. This broker provides high-quality customer service, along with a safe and sophisticated trading platform fit for both retail and institutional traders. Alpho prioritizes trading in currencies, commodities, shares, and indices on the widely-popular MetaTrader5 platform.

Furthermore, Alpho, under the Gulf Brokers Ltd holds license number SD013 acquired from the FSA. While a regulatory status from an agency or independent organization can attest to the reliability of a broker, the FSA is not a highly-trusted regulator, which means that Alpho’s reputation and security may still be in question. A license from the FSA does not hold the same level of regulatory security as one acquired from more prestigious regulators like the FCA and the CySEC. 

While there are no substantial claims or complaints about the services provided by Alpho, a regulatory license from a more reputable organization will hold it more esteemable. It will also help the broker attract more clients. 

alpho forex broker

Alpho Platform Services

Alpho offers the MT5 as its main trading platform, which is an attractive option for many MetaTrader investors. Furthermore, this platform has proven that it is equipped with the right tools and features to be able to provide quality trading experience. 


MT5 is one of the two MetaTrader platforms widely used and praised by traders all around the world. It has a wide range of charting and drawing tools that allow traders to open positions and execute strategies of any complexity. The MT5 platform is fit for both casual and professional traders, since it gives clients access to both day trading and long term investing. The platform is easy to navigate because of its simple but intuitive interface. It also offers more than 80 technical indicators and tools, over 20 timeframes, an advanced strategy tester, a full set of order types, and an economic calendar. MT5 is compatible with Windows and macOS. 

MT5 Mobile App

The MT5 mobile app carries the same high-level features and services as its web counterpart. It is equipped with a high-performance interface that can be customized according to each trader’s preference. Much of the features provided on the desktop and website versions of the MT5 are also offered in the mobile app, including research tools like an economic calendar, charting capabilities, and trade history. This mobile platform is available for both Android and iPhone users. 

Alpho Trading Conditions

Knowing about the trading conditions of a broker is just as important as knowing what it has to offer on a surface level. In this part of the review, the spreads, commissions, leverage, and assets offered by the broker will be evaluated.


Alpho offers more than 60 currency pairs, 15 commodities, 14 stock indices, and a variety of global CFD stocks. Alpho also offers cryptocurrency trading but at a limited number. Still, the wide list of tradable assets offered by this broker are already a good indicator of good services.


Alpho offers average spreads that range from 3 pips for the EUR/USD pair and 5 pips for global indices like the Dow Jones. The high spreads offered by the broker may be a dealbreaker for many traders, considering that the average spreads offered in the industry usually begin at 1 pip. Some brokers offer spreads that go as low as 0 pip, therefore Alpho can be considered expensive. 

Commissions & Fees

Alpho provides commission-free trading on its accounts, allowing traders to maximize their gains. However, this broker charges a monthly maintenance fee of 10 USD for inactive accounts of at least one month. These charges are separate from standard swap rates. In this aspect, Alpho definitely charges more than other online providers. The industry standard is that brokers only charge a maintenance fee for inactive accounts of at least three months. 


Alpho offers a leverage level of 1:500 for currency pairs. This is comparably high to what other brokers have to offer. Furthermore, a high leverage can bring high potential gains, but it can also be damaging to novice traders. High leverages such as what Alpho provides bring a lot of risks, including massive losses. It is important to note, especially for beginners, that it is possible to lose more money than they began with. This is most especially true in trading with high leverage or margin. 

Alpho Conclusion

Alpho offers a good selection of assets to trade. This broker provides clients great access to globally-traded assets like currencies and CFD stocks. These are good enough conditions for the expert trader. However, this broker charges expensive fees and spreads, as well as a risky leverage. There are considerably more drawbacks to trading with Alpho than there are benefits to it. Overall, trading with this broker is most suitable only for high-volume expert traders and must be done with caution. 

Ann Kharchenko

Ann Kharchenko has 9 years of experience as a real estate agent. Now he is a successful broker and wants to share his knowledge with you. Let's read, ask questions and start trading! We are waiting for your questions on the e-mail: [email protected] My contact phone: 202-555-0169

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