Alpha FX Review 2024

Alpha FX only accept professional traders.
Please see the list of similar brokers or the Best Brokers List for alternatives.
Contributor Image
Written By
Contributor Image
Written By
William Berg
William contributes to several investment websites, leveraging his experience as a consultant for IPOs in the Nordic market and background providing localization for forex trading software. William has worked as a writer and fact-checker for a long row of financial publications.
Contributor Image
Fact Checked By
Contributor Image
Fact Checked By
Tobias Robinson
Tobias is a partner at, director of a UK limited company and active trader. He has over 25 years of experience in the financial industry and contributed via CySec to the regulatory response to digital options and CFD trading in Europe. Toby’s expertise and dedication to financial education make him a trusted voice in the industry, including a BBC investigation into digital options.

2.5 / 5
Alpha FX is #35 in our broker rankings.
Forex, Options

Alpha FX Review

Alpha FX, or Alpha Forex, is a currency trading and global payment specialist based in the UK, offering advanced access to the forex market. This Alpha FX review will outline the broker’s products and features, discuss its trading conditions and explore the advantages and disadvantages of opening an account.

Alpha FX Headlines

The Alpha FX Group is a UK based public company listed on the FTSE AIM 100 stock market. Founded in 2010, the broker has rapidly expanded, growing from its London base to acquire offices in Toronto and Amsterdam, all while retaining a small team of around 100 employees.

The forex and payment management services offered by Alpha FX are used by many well-known corporate and institutional investors. The broker focuses on fewer, higher-value clients rather than marketing to lots of traders with smaller equities, with only 750 total clients across over 30 countries.

Alpha FX Ltd is regulated in the UK as a matched principal broker, holding four UK regulatory licences with the FCA. Alpha Forex is also registered within Canada by the regulatory body FINTRAC.

Trading Platform

Alpha FX clients have access to the broker’s own trading platform. The software tool is bespoke and developed in-house to efficiently and easily provide advanced forex trading support and payment services.



Alpha FX differs from many other forex platforms in that it offers bespoke solutions for trading large amounts between currencies. The broker offers an FX Risk Management product from which customers can choose between strategies provided by dedicated forex analysts or an execution-only service.

Alpha FX does not engage with the crypto and stock markets but it does offer spot, options and forwards trading on 88 forex pairs.

International Payments

Alpha FX also caters to the needs of international businesses for a platform to send and receive fast, low-cost, international payments:

Spreads & Commissions

Alpha FX does not disclose any trading costs and fees as each client is dealt with on an individual basis, with services based on their specific trading needs. Upon application, a representative will be able to offer values for spreads and commissions, case-by-case.

That being said, example buy and sell prices are provided on the broker’s website, suggesting spreads of several pips for major currency pairs, which isn’t very competitive.


The leverage capabilities provided by this broker when trading forex are not publicly available and must be ascertained during the application process.

Mobile App

Alpha FX Group Ltd. does not offer a mobile application for on-the-go trading and account management. You may find an app for a company of a similar name but it is not affiliated with this broker.

Payment Methods

Alpha FX does not present its supported payment methods for deposits and withdrawals. However, being a firm with a focus on international payment capabilities, the broker will likely support transactions in a wide range of currencies.

Regulation & Licensing

Alpha Forex is a reputable international forex broker and payment management provider, listed publicly on the FTSE AIM 100.

Alpha FX Limited holds four licences for trading within the UK and is fully registered with the FCA. The broker is also registered with FINTRAC in Canada.

In Europe, Alpha FX Europe Limited is authorised and regulated by the Malta Financial Services Authority.

Additional Features

Alpha FX differs from the majority of forex trading solutions in that it provides dedicated analysts to each client. This allows the broker to work with customers and carefully balance individual hedging requirements, dependent on the desired risk level. This broker provides a far more managed experience than most common forex trading platforms that market towards retail investors.



Trading Hours

Alpha FX follows standard trading hours, with the forex markets open 24/5, Monday through Friday. However, the broker’s consulting staff and customer support are only available during regular office hours.

Customer Support

The team at Alpha Forex is contactable via email and telephone or are available to meet in person at the broker’s offices. The UK brokerage team can be contacted via:

Alpha FX does not have any active social media accounts on Instagram, Facebook or Twitter, though it does have a LinkedIn profile.Alpha FX review 2021, fees, currencies and more


Alpha FX uses appropriate security measures to protect client data from being lost or accessed by unauthorised parties. Access to its trading and communication platform is behind a secure portal protected by username and password.

Moreover, the broker’s regulation by the FCA, FSA and FINTRA dictates that it must provide negative balance protection, limit leverage rates to 1:30, segregate client funds from the company’s own and meet several cybersecurity standards. Additionally, all UK clients will be protected by the Financial Services Compensation Scheme (FSCS).

Alpha FX Verdict

Alpha FX offers a large-scale forex trading and payment collection service tailored to corporate and institutional clients. The broker handpicks its clients based on available funds and targeted trading volumes and frequencies, which may limit its accessibility to some retail traders. However, the security and regulation of Alpha FX are reputable and anyone looking to open an account can enquire using the box below.


Does Alpha FX Offer A Demo Account?

Alpha FX is an institutional-grade broker with a careful policy for selecting clients based on trade volume and frequency. Therefore, the broker does not provide a free demo account to trial its services.

Where Is Alpha FX Based?

The main office of Alpha FX is in London but the company also has offices in Malta for EU trading and Vancouver for Canadian clients.

Does Alpha FX Have A Mobile App?

There is currently no mobile trading app for Alpha FX clients. Orders and accounts can be managed through its secure, browser-based portal.

Who Does Alpha FX Work With?

The firm partners with a small number of high-value clients and has a rigorous selection process. Alpha FX works with well-known companies like ASOS, Holland & Barrett and Halfords, as well as several institutional firms.

What Currencies Does Alpha FX Trade?

Alpha FX supports trading in 88 currency pairs from all over the globe, including GBP, EUR, USD and CHF.

Top 3 Alternatives to Alpha FX

Compare Alpha FX with the top 3 similar brokers that accept traders from your location.

  1. Interactive Brokers – Interactive Brokers (IBKR) is a premier brokerage, providing access to 150 markets in 33 countries, along with a suite of comprehensive investment services. With over 40 years of experience, this Nasdaq-listed firm adheres to stringent regulations by the SEC, FCA, CIRO, and SFC, amongst others, and is one of the most trusted brokers for trading around the globe.

  2. IG – Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand-US offers spread betting, CFD and forex trading across an almost unrivalled selection of 17,000+ markets, with a range of user-friendly platforms and investing apps. For 50 years, IG has maintained its position as an industry leader, excelling in all key areas for traders.

  3. – Founded in 1999, is now part of StoneX, a financial services organization serving over one million customers worldwide. Regulated in the US, UK, EU, Australia and beyond, the broker offers thousands of markets, not just forex, and provides excellent pricing on cutting-edge platforms.

Alpha FX Comparison Table

Compare Alpha FX With Similar Brokers
Alpha FX Interactive Brokers IG
Rating 2.5 4.3 4.4 4.5
Markets Forex, Options Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting Forex, Stocks, Futures, Futures Options
Demo Account No Yes Yes Yes
Minimum Deposit $0 $0 $0 $100
Minimum Trade N/A $100 0.01 Lots 0.01 Lots
Bonus Active Trader Program With A 15% Reduction In Costs
Education No Yes Yes Yes
Platforms Own Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, eSignal, TradingCentral Web, ProRealTime, L2 Dealer, MT4, AutoChartist, TradingCentral MT4, MT5, TradingView, eSignal, AutoChartist, TradingCentral
Leverage 1:50 1:30 (Retail), 1:250 (Pro) 1:50
Payment Methods 6 6 8
Visit Visit Visit Visit Visit
Review Interactive Brokers

Compare Trading Instruments

Compare the markets and instruments offered by Alpha FX and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

Compare Alpha FX Trading Instruments
Alpha FX Interactive Brokers IG
CFD No Yes Yes No
Forex Yes Yes Yes Yes
Stocks No Yes Yes Yes
Commodities No Yes Yes Yes
Oil No No Yes Yes
Gold No Yes Yes Yes
Copper No No Yes No
Silver No No Yes Yes
Corn No No No No
Crypto No Yes Yes No
Futures No Yes Yes Yes
Options Yes Yes Yes Yes
ETFs No Yes Yes No
Bonds No Yes Yes No
Warrants No Yes Yes No
Spreadbetting No No Yes No
Volatility Index No No Yes No

Alpha FX vs Other Brokers

Compare Alpha FX with any other broker by selecting the other broker below.


Customer Reviews

There are no customer reviews of Alpha FX yet, will you be the first to help fellow traders decide if they should trade with Alpha FX or not?

Submit Your Own Review of Alpha FX

If you have experience trading with Alpha FX please share your personal review of the broker and what you think are strong and weak points. Thank you.