What is AlphaFX24?
Broker overviewAlphaFX24 is an ECN / STP / Micro / Crypto / Demo forex broker founded in 2013 and based in Cyprus. It offers forex currencies, crypto, commodities, indices, stocks on AlphaFX24 for Android and Apple devices.
AlphaFX24 is regulated by AlphaFX24 is regulated by CySEC but the regulatory information is suspicious. Its listed office is Cyprus.
This review explains what you actually get: how safe the broker is, what trading costs look like, how deposits and withdrawals work, what the AlphaFX24 bonus offers, and who the broker suits best.
- ✓Regulated since 2013 by AlphaFX24 is regulated by CySEC but the regulatory information is suspicious, with segregated client funds.
- $Cost to start: $250 minimum deposit and spreads from 0.8 pips.
- ⚡Flexible trading: leverage up to 1:100, hedging, scalping and news trading allowed.
- %Bonus: This broker is not providing any welcome bonus, no no-deposit bonus.
Our short verdict
AlphaFX24 stands out for its AlphaFX24 is regulated by CySEC but the regulatory information is suspicious licence, AlphaFX24 for Android a… trading and flexible trading rules. The main thing to watch: higher $250 minimum deposit.
More about AlphaFX24
AlphaFX24 is an online trading broker that trades on Forex, CFDs, and Binary. This broker has a user-friendly UI which is very helpful for the traders and especially for the new traders. Besides the trades center, it also has an education center. AlphaFX24 is packed with exclusive training tools and it is geared to meet the needs of the investors at any level.
There are some trading conditions of this broker. This broker provides clients with a tight spread. The default leverage by this broker is 1:50. It may go higher or lower if the broker wants to change the leverage. There are multiple instruments and a range of expiries. This broker has Zero Margin. This broker gives high returns on successful binary trades. This broker keeps their client's money in segregated accounts on European registered banks. It is secured by SSL. There is only a single wallet for trading Forex, CFDs, and Binary. This helps a client to invest in any asset whenever they want.
Trading with AlphaFX24 is very simple. There are three easy steps if any client has an account with them. First of all, a client needs to pick a product. The second step is the client should choose an asset. The final step is to invest and trade. By trading, a client will make a profit. Again, the client may lose their money also, Trading is very risky and a client should trade at their own risk.
Is AlphaFX24 safe and regulated?
AlphaFX24 is supervised by 1 authority. Our listing shows these licences:
| Regulator | Region | What it means for you |
|---|---|---|
| AlphaFX24 is regulated by CySEC but the regulatory information is suspicious | — | Licence listed for this broker. |
Client money is held in segregated accounts, separate from the company's own funds. Before you sign up, check which AlphaFX24 company will hold your account, because protection levels can differ between regions.
AlphaFX24 account types and trading conditions
These are the main trading conditions listed for AlphaFX24. It offers mini, VIP, managed accounts.
| Feature | AlphaFX24 |
|---|---|
| Minimum deposit | $250 |
| Minimum spreads | 0.8 pips |
| Max leverage | 1:100 |
| Execution | ECN / STP / Micro / Crypto / Demo |
| VIP accounts | Yes |
| Mini accounts | Yes |
| Swap-free (Islamic) | No |
| Managed accounts | Yes |
| Free demo account | Yes |
| Strategies allowed | Hedging, scalping, news trading |
AlphaFX24 trading platforms
AlphaFX24 supports AlphaFX24 for Android and Apple devices.
Web and mobile trading
Web trading: Yes. Mobile trading: Yes. Markets available: Forex Currencies, Crypto, Commodities, Indices, Stocks. The website is available in English, Russian, and German.
AlphaFX24 deposit and withdrawal methods
AlphaFX24 accepts these deposit methods:
- Visa
- MasterCard
- Maestro
- Skrill. Neteller
- MoneyGram
- Western Union
- And WireTransfer
Withdrawals use the same methods as deposits.
Accounts can be held in USD, EUR. Choosing the currency you deposit in avoids conversion fees. Your account must be verified (ID and proof of address) before the first withdrawal.
AlphaFX24 bonus and promotions
These are the promotions listed for AlphaFX24:
Promotion offered by AlphaFX24. Check the broker's terms for trading volume and withdrawal conditions.
AlphaFX24's welcome offer for new clients. Check the broker's terms for trading volume and withdrawal conditions.
AlphaFX24 no deposit bonus: AlphaFX24 does not offer a no deposit bonus. See our up-to-date list of forex no deposit bonus offers. Every offer has volume and time conditions, so read the terms first.
AlphaFX24 pros and cons
Pros
- Regulated by AlphaFX24 is regulated by CySEC but the regulatory information is suspicious (since 2013)
- AlphaFX24 for Android a… trading
- Hedging and scalping allowed
- News trading allowed
- Mini, VIP, managed accounts
- Free demo account
- 7+ deposit methods, including e-wallets
Cons
- Higher $250 minimum deposit
- No Islamic (swap-free) accounts
- No no-deposit bonus
How to open an AlphaFX24 account
- RegisterClick "Visit Broker" and fill in your name, email, country and password.
- Verify your profileUpload a passport or ID card and a recent utility bill or bank statement.
- Choose an accountPick the account type, base currency and leverage that suit you.
- Fund and claim the bonusDeposit from $250 and opt in to the promotion if your region qualifies.
- Start tradingLog in to AlphaFX24 for Android a…. Practise first on a free demo account.
AlphaFX24 customer support and contact
These are the contact details we have on file for AlphaFX24:
AlphaFX24 review FAQ
Is AlphaFX24 a regulated broker?
What is the AlphaFX24 minimum deposit?
Does AlphaFX24 offer a no deposit bonus?
What is the maximum leverage at AlphaFX24?
Which platforms does AlphaFX24 support?
Is AlphaFX24 good for beginners?
Final verdict: should you trade with AlphaFX24?
AlphaFX24 scores 4.0 out of 5 in our review. Its strongest points are its AlphaFX24 is regulated by CySEC but the regulatory information is suspicious licence, AlphaFX24 for Android a… trading and flexible trading rules. Keep in mind: higher $250 minimum deposit; no Islamic (swap-free) accounts.
If your main goal is a free no-deposit bonus, AlphaFX24 is not the right fit. Compare it with other options on our best forex brokers page before deciding.