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
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.
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:
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.
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.
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!
2024-07-12 18:22
