WikiFX Review: Is it ok to invest in Alpha Markets?

About Alpha Markets

Alpha Markets is a forex broker offering multiple assets to its clients. It was registered in Cyprus and has a trading experience of less than one year. The physical address of this broker is Naxou 1 Street 1st Floor, Office 103 Strovolos 2043 Nicosia, Cyprus. We do not know who own this firm and the fully background of it.

Regulation

Alpha is not a regulated broker. It does not hold a legitimate license. And WikiFX has given this broker a low rating of 1.01/10. Be aware of the risk.

Account Types

This broker offers clients three different types of accounts. They are Classic, RAW SPREAD, and Alpha100.

Leverage

This broker offers leverage of up to 1:500, which is considered high. Newbies and inexperienced traders should understand the potential risks.

Contact Information

This broker provides clients with email addresses and phone numbers, however, it does not mean you can get in touch with them.

Conclusion

As an unlicensed and unregulated brokerage firm, Alpha Markets may blow your account and take your money away without your permission. It is difficult for you to hold them accountable for your loss of money. The lack of significant information makes this broker more questionable. Therefore, we recommend you avoid brokers like Alpha Markets.

If you want to know more information about the reliability of certain brokers, you can open our website (https://www.WikiFX.com/en). Or you can download the WikiFX APP to find the most trusted broker for yourself.