AL Trade

  • Name:AL Trade
  • Website:http://www.alforex.com/
  • Location:British Virgin Islands
  • Found in:2003
  • Regulation Authority:
Editorial Rating:
3.11
Accept US Traders:
No

AlForex.com

Al Trade entered the Forex world in 2003 as an independent market maker providing a full trading service to all levels of trader. Keen to keep its finger on the FX world’s pulse, Al Trade moved away from the MetaTrader 3 platform in 2003 and has since worked to fully integrate MetaTrader 4 in its system.

Since that time the company has become an efficient Forex merchant with clients in multiple countries across the world trading anything from a few hundred dollars to hundreds of thousands.

AlForex.com’s Special FX:

Added value is just one area in which Al Forex manages to edge ahead of its closest rivals. Giving away free money is not only great for users but the company overall as it generates much more trading activity and, thus, more assets for users to benefit from.

The main attraction at Al Forex is its welcome bonus which gives new traders 20% more on their initial deposit up to a maximum of $2,000. Available for all account holders, whether they’re depositing the $200 minimum or a lot more, this bonus is a great way to gain a strong foothold in the FX market.

The mechanics of the offer are simple: a user makes a deposit, such as $2,500, and Al Forex credits their account with an amount of equity equal to 20% of the initial amount. Thus, in this example the user would receive a bonus amount of $500 which would make their total trading equity $3,000.

Although each welcome bonus is provided in the form of equity credit, a user is permitted to withdraw this money after a certain amount of lots how been traded. For example, in the above scenario, the user would need to trade a minimum of 62 lots before they could withdraw the $500 as physical cash.

The Essentials:

All FX trades at Al Forex are conducted through MetaTrader 4’s desktop and mobile platforms, which means users are able to access their accounts from anywhere in the world (internet connection permitting).

A fully functional demo account is available at Al Forex and users will be able to test out the site’s interface with a virtual bankroll for a period of 90 days. Once a trader has reached the maximum testing time on a demo account there are three real money options available and each offers a range of conditions:

Micro Trading Accounts:
Appropriate for beginning traders.
Minimum Deposit: $20, €20 or £20
Leverage: up to 1:500
Spreads from 0.5 pips
Minimum Contract Amount: 1,000 units of base currency (0.01 lots)

Mini Trading Accounts:
Appropriate for beginning traders.
Minimum Deposit: $ 200, €200 or £200
Leverage: up to 1:200
Spreads from 0.5 pips
Minimum Contract Amount: 10,000 units of base currency (0.1 lots)

Standard Trading Accounts:
Minimum Deposit: $1,500, €1,500 or £1,500
Leverage: up to 1:100 -1:200
Spreads from 0.5 pips
Minimum Contract Amount: 100,000 units of base currency (1.0 lot)

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This means advertised prices may not be accurate and could differ from the actual market conditions. For this reason it is not appropriate to rely on any data presented by fxBrokerSearch.com for the purposes of trading.

Based on these conditions, fxBrokerSearch.com will not be held responsible for any losses incurred through trades conducted in light of data presented on this site.