ALtex ALX Trade

Note: For some unknown reason, we cannot open ALtex ALX Trades official site (https://altex.uk/) while writing this introduction, therefore, we could only gather relevant information from the Internet to present a rough picture of this broker. Traders should be careful about this issue.

General Information & Regulation

ALtex ALX Trade, a trading name of Altex ALX Trade LTD, is allegedly a financial company registered in the United Kingdom that claims to provide its clients with flexible leverage up to 1:500, as well as a choice of four different live account types.

As this brokerage's website cannot be accessed, we were unable to obtain further details about its trading assets, spreads, trading platforms, minimum deposit, etc.

As for regulation, it has been verified that ALtex ALX Trade does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and it receives a relatively low score of 1.16/10. Please be aware of the risk.

Account Types

ALtex ALX Trade claims to offer four types of trading accounts, namely Live, ECN, VIP and Premium. The minimum initial deposit amount is extremely high-$10k for the ECN account, while $20k for the VIP account and $50k for the Premium account. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less.

Leverage

Traders holding different account types can enjoy different maximum leverage ratios. Clients on the Live and ECN accounts can experience leverage of 1:100, while the VIP and Premium account holders can enjoy the maximum leverage of 1:500. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Customer Support

ALtex ALX Trade‘s customer support can be reached by email: support@altex.uk. Company address: 2 The Priory Queensway, Birmingham B4 7LJ. However, this broker doesn’t disclose other more direct contact information like telephone numbers that most brokers offer.

Risk Warning

Online trading involves a significant level of risk and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.