Alpha Trading Hub

Is Alpha Trading Hub Scam or Legit Broker?

No, it is not safe to trade with Alpha Trading Hub. The broker does not hold a serious license from a world-known financial authority. Instead, it is authorized by the MWALI INTERNATIONAL SERVICES AUTHORITY with license number T2023165 registered in P.B. 1257 Bonovo Road, Fomboni, Comoros, KM.

• It is a well-known fact, that unregulated or offshore brokers are unreliable for investments. Often, such brokers turn out to be financial spam. To ensure the safety of your funds, traders should only choose regulated brokers with FCA, CySEC, or ASIC licenses.

What is Alpha Trading Hub?

On its website Alpha Trading Hub states to be a leading global online trading provider, offering trading in Forex and CFDs, indices, precious metals, energies, and cryptocurrencies. The broker was founded back in 2015. Although it boasts about its regulated nature, we were able to reveal some interesting facts, that prove otherwise.

• According to the website, Alpha Trading Hub is located on the 2nd Floor Beaumont House, 1b Lambton Road, London, England, SW20 0LW. However, all the brokers in England should be regulated by the local financial authority – FCA. Yet, this is not the case with Alpha Trading Hub, as it is authorized by the MWALI INTERNATIONAL SERVICES AUTHORITY (license number T2023165).
• Also, Alpha Trading Hub mentions that it does not accept clients from the USA, Canada, Japan, Australia, Cuba, Afghanistan, Malaysia, North Korea, South Sudan, Thailand, and other restricted countries.
• It goes without saying that unregulated or offshore brokers are not reliable for investments. Based on our research and experience, offshore and unregulated brokers are short-lived. They operate for several years, gather clients, and then disappear with the funds accumulated.
• Although not all offshore brokers are scams, avoiding them and choosing trustworthy brokers with tight regulations and compensation schemes is still wiser.

Overall Alpha Trading Hub Ranking

During our research we were able to reveal safety and regulations issues regarding Alpha Trading Hub, thus we do not rank positively Alpha Trading Hub, based on our Expert Opinion with over 10 Years of experience in Forex Trading due to its lack of regulation and many negative reviews from traders.  

• Alpha Trading Hub Overall Ranking is 3 out of 10 based on our testing and compared to 500 other brokers, see Our Ranking below compared to other popular and industry Leading Brokers.

Alpha Trading Hub Alternative Brokers

Taking into account our findings of Alpha Trading Hub reliability and safety issues, here are much better Alternatives to Alpha Trading Hub with tight regulations and favorable conditions. We select Good Brokers and reliable options for your comparison below:   

• FP Markets – Powerful trading technology and ECN environment
• InteractiveBrokers – Good for Trading Real Stocks
• XM – Wide Range of Trading Opportunities

Account Types

Alpha Trading Hub offers its clients three main account options: Standard, VIP 1, and VIP 2. With Standard accounts the minimum deposit is $500. For VIP 2 account type the initial deposit is $5,000,  and $20,000 for VIP 2. The available leverage for all the account types is up to 1:500. Spreads for Standard accounts are on the higher side - Floating spreads from 1.4 pips. For VIP 1 and VIP 2, spreads are lower than the market average starting from 0.1 pips. 

• Alpha Trading Hub also offers Demo accounts that are especially good for beginner traders. 

Deposits and Withdrawals

Alpha Trading Hub offers various funding methods to choose from: bank wire, credit card, wire, CRYPTO, etc.

• Some of the funding methods may incur additional charges.  Alpha Trading Hub does not cover any exchange rates charged if traders are depositing in a currency that is different from that of their bank funds.
• The broker accepts the following Currencies: USD, EUR, GBP, THB, IDR, and VND.
• As to withdrawals, traders simply need to log in to the client office, select the trading account and enter their desired amount of withdrawal. If the nominated bank is in a different currency than the trader's trading account, the Bank converts the amount.
• However, there are many negative reviews from traders, especially regarding the withdrawal process. Many traders state that the company simply denies withdrawals.  

Alpha Trading Hub Review Conclusion

We found that Alpha Trading Hub is not a reliable broker. The broker is located in England, yet it is not regulated by the local regulatory body. Although Alpha Trading Hub positions itself as a good broker with attractive and favorable offerings, it is not reliable in regard to its regulations and safety. Most often, unregulated or offshore brokers are spam. We strongly recommend choosing brokers with UK’s FCA or Australian ASIC and signing in with reliable brokers such as Tickmill, FP Markets, and HFM.

• Overall ranking and experience for Alpha Trading Hub is Negative