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Alpho Review
Alpho is a CFD broker brand of Octrado Ltd, licensed by the Seychelles FSA. It offers MetaTrader 5, high leverage, and only light regulatory oversight.
Min Deposit
$100
Spreads From
3 pips on major currency pairs
Max Leverage
1:500
Platforms
MetaTrader 5, Alpho WebTrader
Pros
- Holds a Seychelles FSA Securities Dealer license, number SD013
- Offers the widely used MetaTrader 5 platform on desktop, web, and mobile
- Free Islamic account with no overnight swap charges for Muslim traders
- Wide instrument range across forex, indices, commodities, and CFD stocks
- Low entry point with a minimum deposit of about 100 dollars
Cons
- Seychelles FSA gives lighter oversight than the FCA, CySEC, or ASIC
- Independent review sites report complaints about slow withdrawals
- No live chat support, only phone and email five days a week
- High leverage up to 1:500 can turn small price moves into big losses
Alpho is an online CFD broker that began in 2016 under the name Gulf Brokers Ltd. Today the brand belongs to Octrado Ltd, a company based in Providence, Mahe, Seychelles. Octrado Ltd holds the same Seychelles FSA license that Gulf Brokers used before, so the license history goes back almost ten years.
The broker offers forex, indices, commodities, and CFD stocks through MetaTrader 5. The minimum deposit is about 100 dollars. Spreads on major currency pairs start near 3 pips, and leverage can reach 1:500. An Islamic account removes overnight swap fees. Support runs by phone and email five days a week, with no live chat.
The Seychelles FSA allows fast licensing but gives lighter oversight than the FCA or CySEC. Several independent broker review sites report complaints about slow withdrawals and repeated identity document requests. Alpho blocks residents of countries including Iran, Syria, Sudan, and North Korea.
Min. Deposit
USD 100
Max Leverage
1:500
Spreads From
3 pips on major currency pairs
Platforms
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
