Alphafx Markets Trading Platform
This broker claims support for the MT4 trading platform and MT5 trading platform. Maximum leverage is 1:500
High leverage is a double-edged sword. Traders can make huge profits if they trade in the right places, but it also means that trader could lose a lot if that happens in the opposite. Broker leverages are limited by regulatory bodies. This Capped leverage is not available to unregulated brokers. If you come across a broker with leverage exceeding 1:3, we recommend that you exercise caution, especially if this is your first time in the market.
Alphafx Markets Account Types
This section of the review will explore different account types that a broker may have. We examine the account and its deposit and leverage. This gives you a better idea of how a broker might operate.
We checked and found that the broker offers four types of accounts
Alphafx Markets Deposit & Withdrawal Methods
Because the ultimate goal of trading is to make a profit, withdrawals and deposits are the most important transactions. This section will examine these options to ensure everything is in order.
We couldn’t find any identifiable method this broker used to execute transactions.
Keep in mind that bonus promotions may also have withdrawal restrictions. To be eligible for withdrawal, some brokers are fraudulent and require traders to trade at a certain volume. This is done to prevent traders from withdrawing.
Are Alphafx Markets licensed?
Another important aspect is licensing. We can trust that regulated brokers will not do anything fraudulent. This part of the review begins with checking the name attached to the broker. We then run this name through different regulatory bodies to determine if it regulates brokerages.
We had to verify the broker’s license status by checking several regulatory agencies. We checked the ASIC in Australia, the FCA in the UK and CySEC in Cyprus. We didn’t find any license information for this broker at the end of our search.
Find out if a regulatory body has licensed a broker. Traders should verify regulatory bodies like the FCA in the UK and ASIC in Australia. CySEC is Cyprus. BaFin is Germany. CONSOB italy.
To compare and contrast their services, take a look at our Yeti EA Reviews. Our Fxalg EA and FxPriemere reviews are also available.
Trade with TOP-RATED BROKERS instead
Licensed in the UK (FCA), Dubai (DFSA), St Vincent and the Grenadines and Cyprus(Cysec), Cayman Islands
Worldwide Acceptance of Traders
Minimum Trade Deposit $100
Licensed in the UK (FCA), Australia (ASIC), Belarus (1NBRB), and Canada (2IROC).
Worldwide Acceptance of Traders
Minimum Trade Deposit $100
Licenced in Australia (ASIC) & Cyprus (Cysec).
Worldwide Acceptance of Traders
Minimum Trade Deposit $100WordPress Pricing Table Plugin
Conclusion
We found many claims made by this broker were either unverifiable or false. We are unable to confirm their location. There is also a lack transparency when depositing funds as well as a confusing and unexplained withdrawal process. We do not recommend that you invest with this broker. Any attempts to do so will result in the loss of your funds.
