AlphaFXC -Overview of Minimum Deposit, Spreads & Leverage

General Information

AlphaFXC is allegedly a crypto broker based in Dominica that provides its clients with a web-based trading platform, leverage up to 1:100, variable spreads on cryptocurrencies, as well as a choice of five different account types.

Market Instruments

AlphaFXC is a crypto broker and the only trading instrument available for trade is cryptocurrency.

Account Types

There are five live trading accounts offered by AlphaFXC, namely Basic, Silver, Gold, Platinum and VIP. Opening a Basic account requires the minimum initial deposit amount of $250, while the other four account types with the much higher minimum initial capital requirements of $2,500, $10,000, $75,000 and $150,000+ respectively.

Leverage

Traders holding different account types can experience quite different maximum leverage ratios. Clients on the Basic account can only experience the leverage of 1:50, while the other four accounts can enjoy the maximum leverage as high as 1:100. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Spreads & Commissions

Spreads and commissions are influenced by what type of accounts traders are holding. AlphaFXC reveals that the minimum spread in the Basic account is 2.4 pips with 5% commission, the Silver account enjoys 2.1 pips with 4% commission, the Gold account enjoys 1.8 pips with 3% commission, the Platinum account enjoys 0.6 pips with 2.5% commission, and the VIP account enjoys 2.2 pips with 1.5% commission.

Trading Platform Available

When it comes to trading platforms available, instead of the worlds most widely-used MetaTrader4 and MetaTrader5 platforms, AlphaFXC only gives traders a web-based platform. MT4 and MT5 are both packed with advanced tools such as Expert Advisors, many complex indicators, sophisticated charting tools and a marketplace featuring more than 10,000 apps. While this web-based trading platform is not equipped with these great features.

Deposit & Withdrawal

AlphaFXC only accepts payment methods via bank wire and Perfect Money. The minimum deposit amount is $250, while the minimum withdrawal is 100 UST. The broker says that all withdrawal requests will be subject to a 5% fee from the requested withdrawal amount.

Fees

AlphaFXC also takes an inactivity fee. If your trading account does not have trades for two months, it becomes dormant and will be charged an inactivity fee of 10% of the balance or 100 UST.

Customer Support

AlphaFXC‘s customer support can be reached through telephone: 442039894318, email: cs@alphafxc.com. Besides, you can also follow this broker on some social media platforms like Facebook and Twitter. However, this broker doesn’t disclose other more direct contact information like company address while most brokers offer.