2.305 • 22 REVIEWS
Out of business
Updated: Dec 27, 2023
AlphaForexMarkets is a forex broker. Alpha Forex Markets offers the MT5 and MT5 Mobile forex trading top platform. offers over 60 forex currency pairs, cfds, indices, gold, silver, futures, oil, bitcoin and other cryptocurrencies for your personal investment and trading options.
Website is down. Company seems to be out of business.

Broker Details

Minimum Trade Size: 0.01
Maximum Leverage: 300:1
Minimum to Open Live: $100
Established: Unknown
Address: Office 2204,22/F 299QRC, 287-299 Queens Road Central, Hong Kong, China
Contact:, +16503050125
Regional offices:
Regulators: SVGFSA #26001
Prohibited countries:
Trading platforms: MT5
Mobile Trading: ✅ Yes
ECN: ✅ Yes

Trading Instruments

Currencies: (60+)
Cryptocurrencies: (4) Bitcoin, Litecoin, Ethereum
CFD: (180+) Gold, Silver, Other Precious Metals, Stock Indexes, Oil, Other Commodities

Trading Conditions

EAs/Robots: ✅ Yes

Managed Accounts & Social Trading

MAM: ✅ Yes
Copy Trading: ✅ Yes
Deposit Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Bitcoin, PayPal, Skrill
Withdrawal Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Bitcoin, PayPal, Skrill
* Please check broker website for more information
2.305 • 22 REVIEWS

Recent User Reviews of

россия, Russian Federation,
Mar 11, 2022,
Registered user

Мошенники, обнуляют депозит

Service use: Live Length of use: 0-3 Months
Another kitchen, scammers. they zeroed out all the profits, they didn't even return the deposit. a $400 deposit was stolen.
Chennai, India,
Oct 4, 2021,
Registered user

Another Ponzi scam,,,

Service use: Other Length of use: over 1 Year
Hi this copy trade is a total scam in They collect money from people to fill their pockets. Safeguard your money from them. I already lost around 3 lakh rupees in copy trade in run by vimal kumar who claims to be a master in trading. Don't believe the soft words and fake promises given in the youtube channel. They are here to siphon your money and run away. I don't know how they have the guts to release youtube video and promoting their forex company Copy trade and MAM account.
1 trader has found this review helpful
Ravi periyasamy
Chennai, India,
Oct 3, 2021,
Registered user

Alpha forex big scammer

Service use: Live Length of use: over 1 Year
Mr. Vimal and jegan both collects people's money in alpha forex like multi level marketing, monthly interest scheme, they got enough money and now they telling stories that somebody looted money. Very cheap and fraud. Investors don't believe these guys and no guruntee for your money.
Coimbatore, India,
Oct 3, 2021,
Registered user


Service use: Live Length of use: 6-12 Months
This company is total scam and don’t trust this company and Vimal/ MR.Money,
I had 10k USD MAM account on Feb'2021, this account withdrawal received for 5 months, after they said MAM account will be closed so i asked withdrawal and they said it will be given after contract closes only, So asked to update as 25k USD MAM account on Aug'2021 bcz i have monthly commitment and payout must. This time i got some money from and invested.
Sep 1st week i had some emergency so asked withdrawal with minimum profit/loss but they showing 60% loss but that loss came from 3 trades which is manipulated trades.
As he said in live, they not informed about losses, they said to close with minimum loss but closed 60% loss, also this MAM account started only one month before not 8 months before.
10.09.2021 @10.54pm mail received for withdrawal, i checked that time capital available USD 22877and checked 11.09.2021 3.11am and balance shows USD 22877, but while checking in the morning capital is USD 10358,how it will change @ 9.30am Saturday
Jeikhan contacted me and discussed about my loss and about vimal, Just check below chat with Jeikhan, what he said about Vimal. after they together came like today evening and talking like normal.
Also one good thing that they accepted that they are B book broker and my loss done by them in B Book.

May 16, 2021 - 5 Stars Great Broker, they are provide best service and friendly support.
Easy to reach support team payout very genuine.
UAE, United Arab Emirates,
Sep 12, 2021,

Manipulating in trades complete b book broker

Service use: Live Length of use: 3-6 Months
I saw the YouTube video channel named Mr.Money who giving forex training and I contact them that time the company director mr.vimal spoke very nice and asked to deposit for fund management and provide 5-7% every month. After 3 months I couldn’t able to see my trading account and I asked to vimal and he said some technical issue and in a week it will rectify but days passed they not show me the acc instead they said your equity given in new account for 5000$ and I asked them to stop fund management and I told I’ll trade my own and I start trading and made profit on friday on gold trade around 2000$ profit in position when market open I couldn’t able to see the position of gold anywhere when I asked vimal said their is no such order in your account and I asked to show the trade connected to lp to track my position they deny to show it and I placed withdrawal till today it’s not been processed.

Beware of the scammer vimal and his YouTube channel is completely scam to fool peoples and innocent to collect money and scam.

I have been contacted to their earlier branches where he operate his business and which were completely closed now.
Aug 29, 2021,
Registered user

SCAM, SCAM, SCAM - All the details are fake

Simply to say is they are SCAM !!, many of them exposed about them in the past that time all the peoples said it is not true, Finally we waited to see their true face and it happened.

As the companies deposit is getting less and withdrawal from the company is more(after COPYTRADE SCAM - large number of clients account got washed out) they are promoting new scam schemes like 30% withdrawal bonus if you hold the deposit for 3 months without withdrawal , One thing is to say for this these type of Ponzi schemes are not allowed well reputed and regulated brokers. This means that they are getting ready to take off !!!!!

Most of the Alpha Institute Branches are gone inactive, But Mr. Money sir is now only concentrated in a particular branch and promoting them as he say they are certified traders to provide COPYTRADING, My question is what happened to other branch heads ? why you are not promoting them ? why they are not certified traders ? Only your heart know the answer ?

Things are getting near to an END !!!! , When approaching to branch heads , at the time of deposit they say " we are guarantee for the money , if loss they said they will give from their pockets" , but after loss happened all gone silent and when asked to give money from their pocket , they say "I myself gave lot of cash to the company and the persons are not responding me itself my matter itself a big question ??? how can i give you the money when myself got issues". My thought is are branch heads , IB's all are part of this actually or got benefited from this ?

Once this officially complaint is made in respective Govt.Officials , the truth will come out !!!

Karthick C
Chennai, India,
Jun 4, 2021,
Registered user

Soon it going to be Big Scam

Service use: Live Length of use: 0-3 Months
This company director name is vimal. Well trained speaker for scam. He simply show profits in fund management by manipulating his own server it's very easy in MT5 platform.

He won't agree to do the same fund management with other regulated broker because there he can't able to manipulate the buy/sell orders or delete the loss orders. Also he is not ready to give the trading investor password to check my live trades.

His clear intention is cheating so he offered fixed monthly returns 5 to 7%. Which is impossible in forex business. Doing like MLM concept. Purely money shuffling.

No safety for money. Unregulated broker. Once police catch him, then nobody gets any money. Soon it going to happen.

It's simply a big ponzi scheme in name of forex. These types of scammers only spoil the whole forex industry name. I wondered how people get trapped with these type of scammers. If anybody wish to to forex trade, there are plenty of well regulated brokers available.

Beware of this company please get back your money as soon as possible. Use your brain to think wisely otherwise you get scammed.
3 traders have found this review helpful
Chennai, India,
May 27, 2021,
Registered user

Best FX broker

Service use: Live Length of use: 6-12 Months
Good customer support and transparent operations. No FX brokers will reveal their regulations, LP etc. I recommend that if you want to earn join AlphaFX and trade or else you can go to any brokers whom you trust instead of crying here

May 9, 2021 - 5 Stars I am trading with AlphaFX for around 7months. Till now i haven't faced any issues on deposit, withdraw etc. they have excellent customer support 24/7 and withdrawals process is too quick. Maximum 24hr you will receive the withdraw amount. But it will take 2-3 days on other brokers and lots of questions for withdrawal. I recommend AlphaFX for all new traders and experience traders as well.
Forex Peace Army
Review moderation team note
All regulated brokers reveal their regulations.  Any broker that doesn't list regulators on their homepage probably has no regulator.  The SVG-FSA allows offshore business registrations, but it does not regulate forex, crypto, or binary brokers.

The FPA has seen at least one broker issue a press release announcing the name of a new LP.  If a broker won't reveal the names of LPs, how can anyone be sure the broker has LPs?

Do you really feel that traders with complaints should not be able to post them and only positive reviews should be allowed?
Chennai, India,
May 24, 2021,

Biggest Scam

Service use: Live Length of use: 6-12 Months
Company main director name is Vimal. Basically he is a YouTuber. He speaks like honey but mind full of poison. He start own Forex brokerage for doing fund management. He just showing result by manipulating the price in their own server. I challenge if you really have skill, I will give you one well regulated broker account, try to show same profit. Don't think you are smart. Tamil peoples are not fool. You already collected more public money to cheat. Soon you will be behind bars.
Chennai, India,
May 20, 2021,

Well planned scam

Service use: Live Length of use: 3-6 Months
Dear Traders.,

My humble request you all to withdraw your funds quickly to avoid loss. I know vimal he speak well like genuine guy but not matured to run business. Forex brokerage business in India is 100% punishable offense there is no security for client funds it's just money rotation. Already Vimal in limelight. Some legal departments closely monitored and collect all sufficient evidence including their agent offices and key persons. Soon EOW department will arrest them and ED also going to file PMLA.

Note: If you wish to do forex, open account with well regulated and reputed broker and don't get cheated with unregulated brokers like this.
1 trader has found this review helpful