Quick Summary
Alpho is a DMCC-regulated Dubai broker with MENA region focus, Arabic support, MT5 trading, and Islamic accounts as standard. $250 minimum deposit. Ideal for traders in the Gulf region who want local regulation.
About Alpho
Alpho is a Dubai-based forex and CFD broker established in 2017, regulated by the Dubai Multi Commodities Centre (DMCC) Free Zone Authority. The broker focuses primarily on serving the Middle East and North Africa (MENA) region, with trading conditions and support tailored to Arabic-speaking traders.
The broker offers a single account type with MetaTrader 5 support. Spreads are spread-only with no commission, starting from approximately 1.5 pips on major pairs. Over 70 instruments are available including forex, indices, metals, and energies. The minimum deposit is $250.
Alpho supports MetaTrader 5 across desktop, web, and mobile. The broker provides Islamic (swap-free) accounts as standard, which is well-suited for its MENA client base. Customer support is available 24/5 in both English and Arabic.
While the DMCC license is not as widely recognized as FCA or ASIC regulation, it does provide a regulatory framework specific to the UAE free zone. Alpho maintains segregated client accounts and offers negative balance protection. The broker is a niche option that appeals primarily to traders in the Gulf region who want local regulation and Arabic-language support.
Account Types
Standard, Premium
Trading Platforms
MetaTrader 5
Website
alpho.com
Headquarters
Dubai, UAE
Instruments
70+
Support Hours
24/5
Our Rating
The overall rating is based on our experts' review of regulation, fees, platforms, and support.
Why Choose Alpho?
- DMCC regulated (Dubai, UAE)
- MENA region focus with Arabic support
- MetaTrader 5 support
- Islamic (swap-free) accounts as standard
- Local payment methods for UAE/Gulf region
- Negative balance protection
What Could Be Better?
- DMCC license not as strong as FCA/ASIC/CySEC
- Limited product range (70+)
- Single account type only
- Spreads not competitive with ECN brokers
- Limited educational resources
- Not widely available outside MENA
Bonuses & Promotions
Alpho does not typically offer welcome bonuses or deposit bonuses. The broker focuses on providing Islamic (swap-free) accounts as standard and serving the MENA region with local payment methods and Arabic-language support. Promotional offers may be available periodically. The broker's value proposition is local regulation and regional specialization rather than bonus programs.
Instruments Offered
Forex, Indices, Metals, Energies
Awards & Recognition
Risk Warning: Trading forex and CFDs involves significant risk and may not be suitable for all investors. Leverage magnifies both gains and losses. Never trade with funds you cannot afford to lose. Past performance is not indicative of future results. The information on this page is for educational purposes only and does not constitute financial advice.