This profile is currently being reviewed by the BestForex.io editorial team. Some information may be incomplete or subject to change.
Alpha FX Review
Alpha FX helps companies manage currency risk and make international payments. It was bought by the American payments group Corpay in October 2025.
Min Deposit
N/A
Spreads From
Not published
Max Leverage
Not applicable
Platforms
Alpha Group online platform, Cobase multi bank platform
Pros
- Directly authorised and regulated by the FCA in the United Kingdom
- Holds a separate FCA electronic money institution licence
- Now backed by Corpay, a large US listed payments company
- Has operated as a currency risk business since 2009 without a rebrand
Cons
- Built for companies and institutions, not everyday retail traders
- No public minimum deposit, spread, or leverage figures are listed
- Recently changed owners, so its long term path under Corpay is unclear
- Founder Morgan Tillbrook left the business before the Corpay takeover
Morgan Tillbrook founded Alpha FX in 2009 to help companies manage currency risk. The business grew into Alpha Group International, listed shares on the London Stock Exchange in 2017, and moved to the main market in 2024. In October 2025, the American payments company Corpay completed a takeover worth about 1.8 billion pounds.
Alpha FX is built for companies and institutions, not everyday retail traders. It offers currency hedging, forward contracts, international payments, and alternative banking services. There is no public minimum deposit or spread, since pricing depends on each corporate client's contract.
The main UK entity, Alpha FX Limited, is authorised by the FCA under reference number 770377 and also holds an electronic money institution licence, number 900849. A separate Malta entity, Alpha FX Europe Limited, serves clients in the European Union. Since the Corpay deal closed, Alpha FX now operates as part of a larger, US listed payments group.
Max Leverage
Not applicable
Spreads From
Not published
Platforms
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
