AlphaTick Forex Review

Read our full AlphaTick review to get exact details about their safety, accounts, spreads, platforms, assets, support, and many more. Our unbiased AlphaTick review enables our readers to determine whether AlphaTick is a trustworthy broker.

AlphaTick Forex Broker History

AlphaTick or Alpha Tick is a Forex broker that offers trading services globally. It is overseen in South Africa and offers traders several account types. The existence of a regulatory license is a major green flag for this broker, as it is a relatively young FX broker. Regulations are critical in trading, and it is a positive sign to see the broker acquiring licenses so early in its career. However, there is no advanced platform available. The website is responsive and user-friendly, and traders can find most of the details here, which is also important. Despite many advantages, the broker also has several critical flaws, which we will analyze in this review below.

AlphaTick broker safety

Safety is the number one priority for FX traders, and AlphaTick is a regulated broker. AlphaTick (Pty) Ltd is overseen by the Financial Sector Conduct Authority (“FSCA”) of South Africa. Two other entities are only registered in Saint Lucia, an offshore jurisdiction, and Cyprus. None of them are regulated in these countries. The broker only has an SA license.

AlphaTick keeps trader funds in segregated bank accounts, ensuring its operational funds and user money are in separate accounts. This is a crucial safety policy.

All accounts are protected with negative balance protection, which is a critical safety policy as well. Negative balance protection prevents traders from losing more than their initial investment.

AlphaTick Broker Review of Accounts

AlphaTick trading accounts are diverse and include Standard STP, Alpha ECN, and Alpha Pro. STP accounts have spreads but zero commissions, while ECN accounts have zero spreads and charge commissions.

AlphaTick Standard STP Account is an entry-level account for general FX trading, and it has competitive conditions:

• Minimum deposit – $50
• Maximum leverage – 1:500
• Spreads – 1 pip
• Commissions – $0
• Minimum lot size – 0.01 lots

AlphaTick Alpha ECN Account is for zero spreads trading and also has competitive conditions:

• Minimum deposit – $50
• Maximum leverage – 1:500
• Spreads – 0.0 pips
• Commissions – $3 per side per lot
• Minimum lot size – 0.01 lots

AlphaTick Alpha Alpha Pro Account is a VIP version of the ECN account, as it has even smaller commissions:

• Minimum deposit – $10,000
• Maximum leverage – 1:500
• Spreads – 0.0 pips
• Commissions – $1.5 per lot per side
• Minimum lot size – 0.01 lots

Overall, the accounts offered by AlphaTick are very competitive and offer attractive conditions with low deposits, spreads, and commissions, which is rare in the FX trading sector nowadays.

AlphaTick instruments

AlphaTick broker assets are offered mostly in the form of CFDs. There are FX pairs, index CFDs, stock CFDs, and ETFs. All these instruments are available in a high leverage of 1:500, which is more than enough to control sizable positions. ETFs are attractive instruments enabling traders to long or short whole sectors instead of holding just one stock or asset. Spreads are competitive and enable traders to deploy even scalping systems for as little as a 50 USD minimum deposit. There are no crypto airs available, which is a drawback for sure.

AlphaTick Reviews of Trading Platforms

While the broker offers plenty of assets for trading, the situation is completely different for trading platforms. There is only a custom web trading app developed by the broker itself, which is nowhere near the advanced platforms in terms of function and convenience. Mobile trading is also available via the broker’s app, which is not as functional as advanced apps.

Overall, AlphaTick offers a horrible experience when it comes to trading platforms.

AlphaTick Forex Review of Extra Features

AlphaTick offers a 50% deposit bonus and a 100% cash rebate. These are only the two promotions available. When it comes to education, the broker offers limited learning materials. There is only market analysis and news provided, as well as calculated and economic calendars.

Overall, Alpha Tick offers a few extra features, but traders are not fully provided with the tools to increase their trading accuracy and performance.

AlphaTick Reviews of Customer Support

Customer support of Alpha Tick broker is provided via live chat and email channels. Currently, there is no phone support available, which is a notable downside. Phone support, while less convenient than live chat, is absolutely crucial in Forex trading to quickly address issues if your network is down and you want your broker to close your open positions to avoid losses. However, the broker is transparent with its addresses at least. AlphaTick is a multilingual broker as it offers plenty of different languages for both support and the website.

AlphaTick Deposit and Withdrawal

AlphaTick accepts several popular methods for payments, like international wire transfers, bank cards (Visa and MasterCard), broker-to-broker transfer, and cryptocurrencies. Alpha Tick supports both Bitcoin and Ethereum payments. Deposits are instant and fee-free, but the broker does not provide exact details for withdrawals. While profits are fee-free, there are no details about processing times, which is a red flag. Even if the broker is legit, the lack of profit withdrawal processing times raises serious suspicion about its intent and ethical practices.

AlphaTick Review Conclusion – Should you trust AlphaTick?

AlphaTick is a regulated South African Forex broker, offering competitive trading conditions, such as low spreads, negative balance protection, and a modest $50 minimum deposit. However, its main weakness is in its proprietary trading platform, lack of phone support, and no clear withdrawal processing time disclosure. While the regulations and accounting terms are really attractive, traders should still be very careful because of an inferior trading platform and a lack of withdrawal transparency.

FAQs on AlphaTick

Is AlphaTick a scam?

AlphaTick scam is extremely unlikely as the broker is regulated by the FSCA of South Africa, making it a legitimate broker.

What is the AlphaTick minimum deposit?

The minimum deposit is $50 on both standard and ECN accounts, which is competitive.

Is AlphaTick a cheap broker?

Yes. AlphaTick offers tight spreads, low commissions, and competitive deposit requirements, especially on the ECN trading account.