Score
ALPFOREX
Saint Lucia|2-5 years| https://www.alpforex.com/?lang=en
Website
Rating Index
MT4/5 Identification
MT4/5 Identification
Full License
NetherlandsContact
Licenses
Licensed Institution：ALPFOREX LTD
License No.：20241839857
Single Core
1G
40G
1M*ADSL
- This broker exceeds the business scope regulated by United States NFA(license number: 20241839857)Common Business Registration Non-Forex License. Please be aware of the risk!
Basic information
Saint Lucia
2-5 years Regulated in United States Common Business Registration MT5 Full License Global Business Suspicious Overrun Medium potential riskAccount Information
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
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Website
alpforex.com
Website Domain Name
alpforex.com
Server IP
104.21.40.72
Company Summary
| ALPFOREXReview Summary | |
| Founded | 2021-03-01 |
| Registered Country/Region | Saint Lucia |
| Regulation | NFA |
| Market Instruments | Forex, Index, Gold, and Silver |
| Demo Account | ✅ |
| Leverage | Up to 1:1000 |
| Spread | Spread as low as 0(Ultra Low) |
| Trading Platform | MT5 |
| Min Deposit | $10 |
| Customer Support | Phone:+66 23542298 |
| Email:Support@Alpforex.com | |
| Line:@alpforex | |
| Social Media:Facebook: ALPFOREX | |
ALPFOREX Information
ALPFOREX is a foreign exchange broker that provides forex, index, gold, and silver trading products. In addition, it also has demo accounts and three real account types, including Standard, Ultra Low, and Promotion, with leverage up to 1:1000. ALPFOREX also provides 24/7 customer support.
Pros and Cons
| Pros | Cons |
| Regulated | Exceeded Status |
| $30 bonus | |
| Economic Calendar and EA available | |
| Demo and ECN account implement |
Is ALPFOREX Legit?
ALPFOREX is regulated in the United States and its regulatory status is exceeded. It is regulated by the NFA, and the license number is 16280310.
What Can I Trade on ALPFOREX?
Traders can trade forex, indices, and precious metals. The main products of precious metals are gold, silver, and crude oil.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Index | ✔ |
| Precious Metals (Crude, Gold, and Silver) | ✔ |
| Cryptocurrencies | ❌ |
| Shares | ❌ |
| ETFs | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
Account Type
ALPFOREX provides two account types of information: Standard and Ultra Low. Traders who meet the register conditions can enjoy a $30 bonus. Standard and Ultra Low are commission-free. In addition, the minimum spread of these two accounts is 1.0 pips, and the leverage is as high as 1: 1000. The following is a comparative analysis of Standard and Ultra Low:
| Account Type | Standard | Ultra Low |
| Starting spread (pips) | 3.3 | 1.0 |
| Commission (per lot) | $0.0 | $0.0 |
| Leverage | 1:1,000 | 1:500 |
| Minimum deposit | $10 | $1,000 |
ALPFOREX Fees
ALPFOREX offers an account spread of 1.0 pips. Standard and Ultra Low accounts are commission-free.
Leverage
ALPFOREX leverage is as high as 1:1000, and the risk is relatively high.
Trading Platform
ALPFOREX provides MT5 trading platform where traders can complete forex, index, and other market transactions through MT5. MT5 has more in-depth technical analysis functions and is more popular among traders than other trading platforms.
| Trading Platform | Supported | Available Devices |
| MT5 | ✔ | Windows, macOS, ios, Android |
Deposit and Withdrawal
The minimum deposit and minimum withdrawal amount are both $10. Traders on the ALPFOREX website can make payments through various channels such as OR Payment, Credit Card, Rabbit Line Pay, and True Money Wallet.
Customer Support Options
ALPFOREX provides four contact methods: phone, email, Line, and Facebook social media. It provides 24/7 customer service.
| Contact Options | Details |
| Phone | +66 23542298 |
| Support@Alpforex.com | |
| Line | @alpforex |
| Social Media | Facebook: ALPFOREX |
| Supported Language | Thai |
| Website Language | Thai |
| Physical Address | 135/22 Amornphan 205 Tower 2,Flr.9, Nothing Alley, Ratchadaphisek RD, Din Daeng, DinDaeng, Bangkok,10400(THAILAND) |
The Bottom Line
ALPFOREX provides trading platforms and trading tools, such as MT5, forex calculators, economic calendars, etc., to facilitate traders' trading and data analysis, however, its leverage is as high as 1:1000 and has not received supervision, which is detrimental to traders' trading risky.
FAQs
Is ALPFOREX safe?
No, unregulated.
What account types doesALPFOREX offer?
ALPFOREX provides two account types of information: Standard, and Ultra Low. In addition, there are demo accounts.
What fees does ALPFOREX have?
According to the comparison between Standard and Ultra Low accounts, the lowest spread between these two accounts starts at 1.0 pips. They commission-free.
Risk Warning
Any transaction is based on the estimated price difference to make profits, which will lead to certain risks, please be careful!
Keywords
- 2-5 years
- Regulated in United States
- Common Business Registration
- MT5 Full License
- Global Business
- Suspicious Overrun
- Medium potential risk
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葉葉
United States
ALPFOREX's website is all in Thai language. After I switched to English, a considerable part of the content is still in Thai, which caused trouble for me to obtain necessary information. I think if this company really wants to better serve foreign customers, it needs to make more efforts in this regard.
Neutral
2023-03-22
Edeward
United States
ALPFOREX is a top-rated broker! Their trading platforms are fast and reliable, and the leverage options they offer are generous. It's a great choice for traders looking to maximize their profits.
Positive
07-12
cola32132
United States
I'm not a full-time trader, but ALPFOREX makes it easy for me to dip in and out of the market when I see opportunities. The platform is straightforward, and I don't feel overwhelmed by complex features. The low minimum deposit for the Ultra Low account suits my occasional trading habits perfectly.
Positive
06-18
FX2338081506
Thailand
Impressed with the service and excellent care of knowledge
Positive
2023-03-22
FX1297358842
New Zealand
I've tried out several brokers and the only one that impressed me was ALPFOREX. They offer ECN accounts, very low minimum deposit requirement, high leverage, and great MT4 trading platform, support for lots of trading assets, and more importantly - they're honest.
Positive
2023-03-03