AlphabetFX is an unlicensed Bulgarian Forex & CFD broker, that is owned & operated by Triple 15 Ltd. This broker is out of busines.
They are located at: 6th of September Street 1, Office 1 2nd, Ebene 1000 Sofia, Bulgaria. Customer support email is: [email protected], and their contact phone number is: +442080620564.
For withdrawal complaints about brokers, read this.
AlphabetFX Review
Our review of the new Forex broker AlphabetFX, shows that they launched their website in June 2017. They give investors the MetaTrader4 trading platform, which is available as both the desktop version, along with the web based or mobile versions. They offer many underlying assets for trading CFD’s including all the popular Major & Minor Forex Pairs, Market Indices, ETF, Stocks, and Commodities like Oil and Gold.
Leverage on all Forex pairs is as high as 200:1, and the spreads on EURUSD is 3 pips. Trading on leverage is very risky, and new traders should make sure they fully understand the risks associated with using margin. There are four account types available starting at a minimum deposit of $250.
WARNING! Don’t use an Expert Advisor trading software until you read this article.
Is AlphabetFX a Regulated Broker?
When the Scam Broker Investigator reviews a new Forex broker to determine if they are a scam or legitimate company, the first thing we look for is a valid brokers license. The main reason investors always use a licensed broker, is to be sure that your money is kept safe in segregated bank accounts.
Forex brokers in Bulgaria must be licensed by the Financial Supervision Commission. AlphabetFX is not a licensed broker.
Compare Licensed Brokers
Some of the many things to consider when you are comparing Forex brokers includes; Leverage, Spreads, Minimum Deposit / Withdrawals, Licensing and Regulatory oversight. There are many online investing scams you should watch out for, learn more.
ForTrade are the best brokers, because they are licensed and regulated by the British FCA & Australia’s ASIC, look here.
Try a Free Demo Account, on their awesome trading platform, signup here.
If you are an existing client of AlphabetFX, please share your trading experience with them, in the comments section below.