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Score
United States
2-5 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
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Comparison
Expose
Exposure
Score
Regulatory Index0.00
Business Index6.08
Risk Management Index0.00
Software Index4.00
License Index0.00
No valid regulatory information, please be aware of the risk
Single Core
1G
40G
General Information & Regulation
ALIGNFXTRADERS is allegedly a forex and CFD broker registered in the United States that claims to provide its clients with various tradable financial instruments with leverage up to 1:1000 on the MT4 trading platform, as well as a choice of four different investment plans and 24/7 customer support service. Here is the home page of this brokers official site:
As for regulation, it has been verified that ALIGNFXTRADERS does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.13/10. Please be aware of the risk.
Market Instruments
ALIGNFXTRADERS advertises that it offers access to a wide range of global CFD instruments, including indices, forex, commodities, metals and bonds.
Investment Plans
ALIGNFXTRADERS claims to offer four types of investment plans, namely Starter Plan, Silver Plan, Gold Plan and Premium Plan, with minimum initial deposit requirements of $300, $1,000, $5,000 and $10,000 respectively. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less.
Leverage
The leverage offered by ALIGNFXTRADERS is capped at 1:1000. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Trading Platform Available
The platform available for trading at ALIGNFXTRADERS is the worlds leading MetaTrader4. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.
Deposit & Withdrawal
ALIGNFXTRADERS says to offer a variety of payment methods including credit/debit cards, e-Wallets, Bank Wire transfers and local payment solutions. The minimum initial deposit requirement is said to be $300.
Customer Support
ALIGNFXTRADERS‘ customer support can be reached by email: support@alignfxtraders.com, live chat or send messages online to get in touch. Company address: 3463 Anthony Avenue Abilene, TX 79605. However, this broker doesn’t disclose other more direct contact information like telephone numbers that most brokers offer.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
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