I was recently trying to look at Alpha Capital Markets review and found that most of reviews both from Publishers and traders are against the broker. Most of the publishers have placed warning and placed Alpha Capital Markets as scam forex broker.
Overall it looks descent broker and is registered in England and Wales under company number 5196460 and is authorised and regulated by the Financial Conduct Authority in the United Kingdom under FCA Firm Reference Number 441689.
I Googled their office and found below information for their local Dubai address.
ACM GROUP LTD.
Executive Towers D Unit 101, Business Bay PO Box 126005, Dubai, United Arab Emirates
Client Services: +971 (0) 4 427 0810
This is review of Credio on Alpha Capital Markets.
Because Alpha Capital Markets is not regulated, we strongly recommend potential clients to research the company and read the most recent user comments regarding customer satisfaction and performance.
To open an account, you must fulfill a minimal first deposit of $500 USD, which is slightly higher than the average. Additionally, Alpha Capital Markets offers a maximum leverage of 400:1, which is comparable to other forex brokers.
The offered margin-call level of 15% could be risky for unexperienced traders and we suggest you amend it higher when opening your account. A margin level below 100% indicates that the trader can continue to open new positions even when their overall equity has dropped below the open margin. If you choose to invest with Alpha Capital Markets, we recommend that you monitor your margin level and beware of opening positions when your equity is below your open margin.
Credio reviewed options and limitations offered by Alpha Capital Markets to its clients in order to come up with a risk score for the broker. The risk score takes into consideration multiple factors. This is what stood out with regards to Alpha Capital Markets:
Position: The broker enforces a minimum position size of 0.01 lots, limiting trader control
Leverage: The broker permits a max leverage of 400:1 which is large and may cause runaway trades if not checked
Margin Call Level: The margin call level is set at 15%, which allows the trader to continue opening positions even once their margin has extended beyond their equity
Stop-Out Level: The stop-out level is set at 10%, which is not very safe
Overall, Alpha Capital Markets scored a risk score of 3.82. This indicates that Alpha Capital Markets is an extremely risky broker option. If you intend to register with them, please make sure to thoroughly review the company's documentation and available information.
To learn more about our evaluations, please also see this Alpha Capital Market Review.
Please do share your experience with Alpha Capital Markets . Thanks!