Many companies who have been in finances for long also decide to enter the Forex market by establishing an affiliate company, or Forex company with the same name. The global conglomerates simply expand their businesses to different services after they have already made a name and developed a recognizable brand.
Capital-Alpha is one of the big capital companies who also run Alpha Forex to provide Forex services to the many interested traders. This Capital-Alpha review gives you an insight into the dealings of the company and the quality of their Forex services.
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Background Info
Capital-Alpha was really hard to investigate since information on this broker is a little bit scarce. The broker was established in the 2000s and is registered with the CySEC Commission in Cyprus. The CySEC is known as one of the neatest regulatory agencies in the European Union. CySEC makes sure that the brokers meet their obligations towards their clients, especially when it comes to financial matters. Also, the brokers have to comply with the MiFD Directive which applies to all EU countries. Despite the stern and strict monitoring of CySEC, there is certain information that this broker lacks the CySEC license. Moreover, if you search the CySEC register, the register does not come up with anything. Nevertheless, we will provide basic info on the broker and its services, if you should still have an interest to trade with his broker.
Capital Alpha Platforms
If it turns out that the broker is regulated, you will be thrilled to find out that the broker offers different platforms, like:
- Meta Trader 4
- Meta Trader 4 Web Terminal
- Meta Trader 5
- Zulu Trade
The MT4 download and web edition are well known for providing fast trade execution, and the Stop Loss and Take Profit options which minimize trading risks and suggest traders when to exit a trade and when to grab the secured profit. The distinguished auto-trading features characterize the platform and helped already many traders to win a decent sum of money. The MT4 Terminal gives better access to ECN services, DMA, and STP. Direct access to the market became very popular among common traders who have been trying to secure enough funds to afford trading directly without a dealing desk. The MT5 is the upgraded version of MT4, yet many traders still prefer the predecessor MT4, which allows hedging and scalping as opposed to the MT5. The MT5 launch was a try of Meta Quotes to access the USA market letting us suggest that Capital Alpha will try its luck with US citizens. Zulu Trade represents a real treasure for inexperienced traders who get to take a look into the trades of experienced traders. The platform enables cooperation and communication among all market participants. That trademark made Zulu Trade one of the most popular platforms in recent years. The Capital Alpha mobile apps are also available for Android devices, iPhones, tablets, etc.
Account Types
Capital Alpha also offers the relevant accounts which correspond to the different national and international traders. The accounts include a Minimum account for all those who are just starting out. The minimum deposit is $200, and maximum leverage is $400. Good news is that spreads are fixed, e.g. 2 pips. The Standard account requires a $1000 deposit and has the same leverage and spreads. The Capital Alpha Premium account is reserved for traders who want VIP status and can afford to deposit $10,000. The account has the same leverage and fixed spread as the two above. This account includes other conveniences like personal account managers, webinars, etc. For ECN trading, the broker offers an ECN account which comes at a $10,000 deposit as well, and this account offers variable spreads which also start from 2 pips for major currency pairs.
Capital Alpha Bonus
This broker does not offer any Capital Alpha bonuses which would make many traders happy. More and more brokers opt for a no-bonus policy lately, and traders do not like it. They are used to get a treat once in a while in the form of trading credit.
Funding Options
Capital Alpha provides for different payment methods. Please note that withdrawals are only possible via the deposit method. Some of the funding options are wire transfer, credit card payment, and of course, several e-wallets like CashU, UnionPay, Neteller, Skrill, etc. Capital Alpha processes requests within the same day if they are submitted until noon (12 MST), or the next day if the request was sent after 12.
Customer Support
The Capital Alpha customer support can be reached via e-mail, phone line, and live chat. The broker also has a FAQ section on their website, which does not include all questions, so you are free to contact the support if you need anything. Also, you can contact CySEC to see whether there is a misunderstanding concerning the issue with the license.