This profile is currently being reviewed by the BestForex.io editorial team. Some information may be incomplete or subject to change.
Alpha Broking Review
Alpha Broking was a small Australian forex broker. It is closed today. Trackers list it as out of business, and its old site now offers mortgage advice instead.
Min Deposit
N/A
Spreads From
Not applicable, broker is closed
Max Leverage
Not applicable, broker is closed
Platforms
MetaTrader 4 (historic), MetaTrader 5 (historic)
Pros
- Early reviewers on Myfxbook and Forex Peace Army praised its tight spreads
- Supported MetaTrader 4, MetaTrader 5, and NinjaTrader for algorithmic traders
- Covered a wide range of markets including forex, CFDs, futures, and options
- Offered a free demo account so new traders could try the platform first
Cons
- Alpha Broking is closed and does not accept new or existing clients today
- No confirmed license from any financial regulator could be found for this broker
- Its old domain now runs an unrelated mortgage broking business under the same name
- Only a handful of reviews exist, and all of them date from 2010 to 2012
- A 2012 user review said a demo signup got no reply and called it a data collector
Alpha Broking was a forex and CFD broker based in Melbourne, Australia. Its name was registered as an Australian trademark in 2009 by a firm called Alpha Equities and Futures Ltd. User reviews from 2010 to 2012 describe a broker offering forex, CFDs, futures, and options through MetaTrader 4, MetaTrader 5, and NinjaTrader.
The broker did not stay active for long. Forex Peace Army lists it as out of business, last updated in 2022, with no client reviews after 2012. One user in 2012 said a demo signup got no reply and called the site a data collector. No review site we checked could confirm a license from any financial regulator for this broker.
Today the same domain shows a different business. It now offers home loan and mortgage advice in Melbourne, with no stated link to the old forex firm. Nobody can open a live trading account with the original Alpha Broking anymore. Treat old links or ads using this name as outdated, and never send funds to a site claiming to be this broker.
Max Leverage
Not applicable, broker is closed
Spreads From
Not applicable, broker is closed
Platforms
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
