In addition, the same document shows that in instances where your open positions are liquidated, and your trading account reaches a negative balance, you are liable for all losses and must immediately make a payment. The company does not guarantee the execution of your pending orders at the price specified and as such, stop loss orders are not guaranteed and will be filled at the next best available market price. It is noted that slippage can occur also during stop loss, take profit and other types of orders. The orders will be executed at the next available market price. The company informs that this is a normal market practice during the period of low liquidity or high volatility. In the Order Execution Policy file, it is also written that slippage may occur when trading financial instruments, which means that at the time that an order is presented for execution, the specific price requested by the client may not be available therefore, the order will be executed close to or several pips away from the client’s requested price. transmits orders on the external market – its execution venues using the Straight Through Processing model (STP), transferring the risk and avoiding the main conflict of interest. The Company will not be the counterparty in a CFD. We have found in the Client Agreement document that in relation to all individual CFD trading the company will receive the client orders and transmit them for execution to a third party which will be the execution venue and counterparty in the CFD. The margin call will be triggered at the 50% margin level and the stop out will be triggered at the 30% margin level. The leverage for currency pairs is 1:500, which is an extremely high value, leading to greater risk. Clients can start trading by investing a minimum of USD100. The minimum value for the EUR/USD pair is 3 pips. The spread is not fixed and can widen beyond the typical values. Trading conditions are equal for all groups of traders, regardless of the deposited amount. There are no different types of live trading accounts. This means that your money is not guaranteed by any authority and if the company is unable to meet its obligations, you will probably not get your money back. Moreover, the Client Agreement document informs that the company may deposit client money in overnight deposits and will be allowed to keep any interest. About customer money security, the company just says that it has an excellent team of risk management experts who have implemented strong risk management policies at every stage of the business model Alpho operates in.
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The FAQ section of the website says that Alpho is a limited liability company incorporated and licensed under the laws of the Financial Service Authority of Seychelles (FSA) to carry out certain categories of financial investment business as permitted under license number SD013. It is particularly important for you to know whether and where the company is regulated.
You can open a live account with as low as USD100. The spread of the EUR/USD pair starts from 3 pips, the company claims. Customers can trade more than 250 currency pairs, indices, commodities, and shares through one of the latest versions of the MetaTrading terminal – MetaTrader 5 (MT5) with floating spreads. Alpho is a registered brand of Gulf Brokers Ltd., which is regulated by the Seychelles Financial Services Authority of Seychelles (FSA).
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