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ALPFOREX logo

ALPFOREX

Regulated
Saint Lucia
,
Since 2021
Last Updated:
54/100
Overall Score

Trading Conditions

Min Deposit:
USD10
Max Leverage:
1000
Account Types
StandardECN

User Reviews

Total Reviews
This Month
Avg Rating

Funding Methods

4 methods

Bank Transfer

bank transfer
2 days
Fee:
Free
Fee:
Free

Credit/Debit Card

credit card
Instant
Fee:
2.5%
Fee:
Free

E-wallets (e.g., Skrill, Neteller)

e wallet
Instant
Fee:
Free
Fee:
Free

Local Payment Methods (e.g., QR code payments)

other
Instant
Fee:
$0
Fee:
Free

Performance Metrics

Excellent Performance
Performance chart: 1: Regulation 63%, 2: License 70%, 3: Software 51%, 4: Spread 0%, 5: Account Type 28%, 6: Symbol 0%
Regulation
63%Fair
License
70%Good
Software
51%Fair
Spread
0%Poor
Account Type
28%Poor
Symbol
0%Poor

Company Information

Full Name:Alpfx Company Limited
Founded:2021
Headquarters:Saint Lucia
Enterprise Offices:1offices

Customer Support

Phone:
+66 23542298
Live Chat:
business_hours
Response Time:
Languages:
English
Scroll Down
Editorial review
Updated

Broker Summary

What Wikilix has recorded about ALPFOREX: its history, the licences it holds, its trading conditions and its fees.

Introduction

ALPFOREX markets itself as a trading broker with aspirations to deliver full financial services to meet varied trading requirements. Though recent trends in financial markets remain quite dynamic, it has been seen that different brokers, such as ALPFOREX, work towards developing platforms to make trading easier.

Background and History

ALPFOREX is known as a trading broker in the financial services sector. Nonetheless, information on its early establishment and milestones is not very visible. It is most probable that this entity is quite new in this sector or keeps a low public profile. At this point, based on available information on ALPFOREX, analysis may continue.

ALPFOREX is an online foreign exchange broker that offers trading services for foreign exchange, indices, gold, and silver. Apart from this, the website also offers demo accounts and real accounts of three types: Standard Account, Ultra Low Account, and Promotion Account with leverage of up to 1:1000. ALPFOREX also ensures customer support on a 24/7 basis.

Key Features and Offerings

It seems that ALPFOREX is primarily focused on providing trading solutions that involve various assets. Although there is no documentation about what services are offered, traders associated with this category have services that include forex trading, commodities, indices, and perhaps cryptocurrency.

In addition, ALPFOREX is expected to offer support for some of the popular platforms that help facilitate easier and more effective trading by the user. Some of these platforms are expected to include MetaTrader 4 or MetaTrader 5, which are well known for offering advanced graphic analysis facilities as well as automated trading options.

**REGULATORY COMPLIANCE

One of the most important consideration parameters while analyzing a trading broker is regulatory supervision. Unfortunately, there is no much information about ALPFOREX regulation credentials or licensing requirements. The lack of such definitive information makes it necessary for a trader to exercise due diligence when considering trading with ALPFOREX.

Here is a table of the status of regulatory information for ALPFOREX:

"Regulator"

Limited information available Not disclosed Unknown

Market Conditions and Technology Platform

Spreads, leverage, and minimum deposits are vital factors for traders. Unfortunately, the precise information with regard to the trading conditions for ALPFOREX is not publicly disclosed. Usually, the spreads could be variable or fixed. Leverages could differ greatly considering the limitations imposed by the concerned authorities. Minimum deposits remain tailored according to the accounts.

Likewise, the underlying technology used by ALPFOREX' trading systems is also unidentified. The majority of online brokers incorporate notorious systems such as MetaTrader or proprietary software developed by their companies for convenience.

Here is a summary table with information about the trading conditions offered by ALPFOREX:

Trading Condition Details

Spreads Limited information available

Leverage “Limited information

Minimum Deposit Insufficient information found

Trading Platforms Limited information available

Fee Structure

These

It is essential for the trader to understand the fee structure. Regretfully, there has been no information provided by ALPFOREX on their website regarding the fees for deposits and withdrawals or the commission fees. This could pose a problem for interested investors who prefer to have transparency on the cost structure.

In general, the broker might have fees that are applicable and are of different types, such as spread, commission per transaction, and deposit and withdrawal fees. In the absence of concrete figures, interested individuals can reach out to ALPFOREX directly.

Fee Type Details

Deposit Fees Information is limited.

Withdrawal Fees Limited Information Available

Commission Limited information available

User Experience and Market Reputation

The market reputation and user experience could be the basis of customer reviews and the broker’s customer service capability. The lack of publicly available information about ALPFOREX restricts the analysis of customer satisfaction levels or even the reputation of the broker itself.

It is advisable that potential traders carry out their own research on the broker and obtain reviews from user experience. They can even take the broker’s trial offer, if one exists. This is an effective means of evaluating the broker’s integrity.

Conclusion

ALPFOREX claims to represent a trading broker in the financial field, although surprisingly little information can be found regarding their background, regulatory information, trading details, and fees. Such a lack of transparency makes it essential to be cautious when researching ALPFOREX for potential trading opportunities.

Although the broker may provide common trading facilities typical among those in this industry, those seeking their services must contact them personally in order to clarify essential information. Openness, as already stated, is one integral foundation still required in any kind of trading.

Regulation check

Regulatory Licenses

ALPFOREX is listed with a tier-1 or tier-2 licence that we have not yet checked against the regulator's register. An unchecked row is not a finding either way.

0 of 2 checked
2Licences on record
0Confirmed on register
1Tier 1 or 2
1Offshore

How far our check got

  • 2 not yet checked
  • NFATier 1United StatesMarket Making(MM)No. 16280310

    What the register says

    Licence number
    16280310
    Type
    Market Making(MM)

    Client protection under this licence

    • Compensation schemeUp to USD 500000 (SIPC)
    • Client money kept separate
    • Complaints routeNFA Arbitration
    • Maximum leverage1:47

    These are the rules NFA sets for the firms it licenses. They are not a statement about how ALPFOREX applies them, or about which of its companies would hold your account.

    About National Futures Association

    Onshore regulatorGovernment bodyCompensation: Up to USD 500000 (SIPC)Public registerTransparency: high
    Typical cost of this licence
    USD 150000+
  • FSATier 3OffshoreSaint Vincent and the GrenadinesFinancial Service

    What the register says

    Type
    Financial Service

    Client protection under this licence

    • No compensation scheme
    • Client money kept separate
    • Complaints routeFSA complaints & Financial Services Ombudsman
    • Maximum leverage1:500

    These are the rules FSA sets for the firms it licenses. They are not a statement about how ALPFOREX applies them, or about which of its companies would hold your account.

    About Financial Services Authority

    Offshore regulatorGovernment bodyNo compensation schemePublic registerTransparency: medium
    Typical cost of this licence
    USD 35k–80k plus capital; IBC
Where we have checked a licence, it was checked against the issuing regulator's own register. Register wording is quoted as found.See all tier-1 regulated brokers
Trading accounts
Updated

Account Types

2 account types on record. Minimum deposit from USD 10. Leverage up to 1:11000.

2 account types
AccountMin DepositLeverageCommission
StandardUSD 101:11000Not recorded
ECNUSD 101:1500Not recorded
Account names and conditions as published by ALPFOREX, recorded by Wikilix.
Deposits & withdrawals

Funding Methods

4 ways to fund an account. 2 with no deposit fee. 3 credit instantly. The costliest way in is Credit/Debit Card at 2.5%.

4 methods
MethodDeposit feeWithdrawal feeMin depositWithdrawal min / maxProcessing
Bank TransferBank TransferEnsure that all bank details are accurate to avoid delays. Available globally; processing times may vary by bank.FreeFreeUSD 10Not recordedNot recorded2 days
Credit/Debit CardCredit CardSubject to 3-D Secure (3DS) authentication, risk management, and daily limit measures. Some regions may have restrictions.2.5%Not recordedUSD 10Not recordedNot recordedInstant
E-wallets (e.g., Skrill, Neteller)E-WalletSubject to risk management and daily limit measures. Popular in many regions; options may differ.FreeNot recordedUSD 10Not recordedNot recordedInstant
Local Payment Methods (e.g., QR code payments)OtherFunds typically arrive within 5–10 minutes. Specific to certain countries or regions.USD 0.01Not recordedUSD 30USD 20Not recordedInstant
Fees, limits and processing times as published by ALPFOREX, recorded by Wikilix.
Trading software

Trading Platforms

2 trading platforms on record: Meta Trader 5 and MetaTrader 4.

2 platforms
  • Meta Trader 5by MetaQuotes Software Corp · 2010WindowsMacLinuxWebAndroidiOSAPI
    Details
  • MetaTrader 4by MetaQuotes Software Corp. · 2005WindowsMacWebAndroidiOS
    Details
Platforms and download links as published by the broker, recorded by Wikilix.
Websites

Global Domains

One domain on record. All active and served over HTTPS.

1 domain
  • alpforex.comMain siteActiveHTTPS
Domains recorded by Wikilix. Only a domain listed here is known to belong to this broker.
Social channels

Social Presence

One official channel on record.

1 channel
Channels as published by the broker, recorded by Wikilix.
Legal entities

Corporate Network

One legal entity behind the ALPFOREX brand.

1 entity
  • ALPFX COMPANY LIMITEDActiveSaint LuciaEstablished Aug 20, 2019
Entities named in the broker's own documents and company registers, recorded by Wikilix.

Comments

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