Alpho
Alpho is an offshore CFD broker operated by Octrado Ltd and regulated by the Seychelles Financial Services Authority. The broker offers access to Forex, commodities, indices, shares and ETFs through MetaTrader 5, with high leverage and a simple account structure.
Min. Deposit
$100
Max Leverage
1:500
Est.
2015
Regulated by
FXJ Score
8.8
/ 10Execution Model
STP
How orders are processed
Segregated Funds
Yes
Client funds held separately
Negative Balance
Protected
You cannot lose more than you deposit
Scalping
Allowed
Short-term high-frequency trading
Pros
Regulated by Seychelles FSA under licence SD013
MetaTrader 5 available
WebTrader access available
Offers Forex, commodities, indices, shares and ETFs
More than 250 Forex and CFD instruments advertised
High leverage up to 1:500 on selected instruments
Islamic account available
24/5 customer support
Published instrument-level spread tables
Cons
Account currencies appear limited to USD
Maintenance fee of 10 USD may apply after only one month of inactivity
Typical Spreads
Varies by account type| Symbol | Category | Typical Spread | Min Spread |
|---|---|---|---|
| EUR/USD | Forex | 1.2 pips | 0.3 pips |
| GBP/USD | Forex | 1.0 pips | 0.4 pips |
| USD/JPY | Forex | 1.3 pips | 0.7 pips |
| S&P 500 | Index | 21 pips | 12 pips |
| XAU/USD | Commodity | 4.0 pips | 2.2 pips |
Typical Spread
1.2 pips
Min Spread
0.3 pips
Typical Spread
1.0 pips
Min Spread
0.4 pips
Typical Spread
1.3 pips
Min Spread
0.7 pips
Typical Spread
21 pips
Min Spread
12 pips
Typical Spread
4.0 pips
Min Spread
2.2 pips
Account Currencies
Deposit Methods
Withdrawal Methods
Account Types
Forex and CFD Account
Standard trading account for available Forex and CFD instruments on MetaTrader 5.
Swap Free Account
Swap-free trading may be available, but Alpho’s Client Agreement states that swap-free treatment applies for 30 calendar days only and may be disabled or replaced by a storage amount.
Platforms
Instruments
FX Junction Verdict
Alpho is a Seychelles‑based CFD broker operating as a brand of Octrado Ltd, which is regulated as a Securities Dealer by the Seychelles Financial Services Authority under licence SD013, giving traders an FSA‑supervised offshore environment with clear disclosure around its regulatory status. The broker focuses on MetaTrader 5, including web access and mobile apps, and advertises more than 250 forex and CFD instruments across currencies, commodities, indices, shares and ETFs, with high leverage up to 1:500 on selected instruments and an Islamic (swap‑free) account option for clients seeking Sharia‑compliant trading. Alpho publishes instrument‑level spread and margin tables for its share and CFD offering and provides 24/5 customer support, making it appealing to traders who are comfortable with Seychelles regulation and want a transparent, multi‑asset setup with detailed cost information at instrument level.