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Alain Fx

Saint Vincent and the Grenadines|5-10 years|
Suspicious Regulatory License|MT4/5 full license|Regional Brokers|High potential risk|

http://alainfx.com/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

Full License

1
Server Name
AlainsMarket-Server MT5
Server Location United States

Contact

+971 528002611
support@alainfx.com
http://alainfx.com/
https://www.facebook.com/alainforex

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+971 528002611

Broker Information

More

Company Name

Alainfx UK Limited

Company Abbreviation

Alain Fx

Platform registered country and region

Saint Vincent and the Grenadines

Company website
Twitter
Facebook

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-03-29
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

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Alain Fx · Company Summary

General Information & Regulation

AlainFX is a UK-based broker founded in 2015, offering investors to trade a range of financial assets, including Forex, Indices, Commodities, etc. AlainFX is registered in St. Vincent and is currently unregulated.

Market Instruments

AlainFX offers investors more than 60 financial instruments, mainly Forex currency pairs, indices, commodities, CFDs, and stocks.

Minimum Deposit

AlainFX offers three different trading accounts: Basic (with a minimum deposit of $100), Economic (with a minimum deposit of $500), and Classic (with a minimum deposit of $10,000).

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AlainFX Leverage

AlainFX offers the flexible trading accounts. For the basic account, traders can choose the leverage level from 1:1400. The economic account offers the maximum leverage of up to 1:200, the classic account featuring the trading leverage at 1:100. Since leverage, can amplify both profits as well as losses, choosing the right amount is a key risk determination for traders.

Spreads & Commissions

Currency pairs spreads listed on the AlainFX seem a little bit wide, the spread on EURUSD pair around 1.8 pips, EUR/GBP pair around 3 pips, all higher than sector standard. Spreads also vary depending on various trading accounts. The spread in the Basic account starts from 2.5 pips, and spreads in the Economic and the Classic accounts seems tighter, from 1.7 pips and 0.9 pips, respectivey.

Trading Platforms

AlainFX offers traders the world's leading MT5 trading platform, with 40 built-in technical indicators, 44 analytical targets, and the ability to provide candlestick, line, and bar charts with more time frames. This MT5 is compatible with Android and iOS Mobile, allowing trading anytime and anywhere.

Deposit & Withdrawal

AlainFX supports a range of convenient deposit and withdrawal methods, including VISA, MasterCard, American Express, WebMoney, NETELLER, China UnionPay, Skrill, local deposit, ideal, GiroPay, etc. AlainFX does not charge clients any commission for withdrawals or deposits. AlainFX does not charge any commission for deposits & withdrawal, and it takes 3 to 7 days to withdraw funds.

User Reviews

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User comment

4

Comments

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Ms程
more than one year
I was having no luck with trading and learning the wrong content till I discovered Alain Fx. Their approach is direct and honest and will take your trading to the next level. Great skills learnt and great teachers of many different types of technical analysis to suit all types of traders.
2023-02-23 14:09
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0
0
知足
more than one year
I feel that the trading conditions offered by this company are too attractive. Various trading instruments, numerous deposit and withdrawal methods, MT5 platform... The obvious disadvantage may be that the spread is relatively high. But this company doesn't have any regulatory information so I think it may be a scam. I will not trade with it Alain Fx.
2022-12-06 10:31
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0
0
K线图
more than one year
The spread of the most basic account type is too high. Although no commission is charged, the minimum deposit amount is the same as the industry average, and the leverage is also very flexible. You can choose between 1:1-1:400. However, no one is perfect, and neither can all brokers be perfect. Overall, I am satisfied with their trading conditions.
2022-11-29 18:37
Reply
0
0
五月桃
more than one year
This alainfx platform is what I’m gonna recommend you! I traded with it one years ago, making some profits, with their customer support so helpful, I withdrew my fund during the day. I remembered that I deposited $500 on this platform, and finally I took $860 out, good platform! I would give it five stars⭐⭐⭐⭐⭐
2022-11-29 16:37
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0
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