Alpho vs. Global Prime
In the fast-paced world of forex trading, choosing the right broker is crucial. Global Prime and Alpho are two popular options, each with unique strengths and weaknesses. This comparison will dive into the key features of both platforms,helping you decide which one best suits your trading style and goals.
The radar chart above illustrates the comparison between Global Prime and Alpho across several key metrics, with the highest possible score being 100 in each category.
Helping You Choose the Right Broker
At FxScouts, our mission is to assist traders in finding the broker that best suits their needs. Comparing brokers side-by-side is an effective method to achieve this goal. We evaluated Global Prime and Alpho, using our standard criteria: trust and regulation, trading platforms, costs and trading conditions, and educational and market analysis resources.
Trust and Regulation
Trust and regulation are crucial when selecting a Forex broker. A broker’s credibility is largely built on its regulatory status. We spend considerable time verifying the safety of each broker by examining their regulatory licenses. We also consider numerous factors when deciding which tier a regulator belongs to. Regulators that we rank as the world’s top regulators, gets a tier 1 rank, while regulators who only scores a tier 5-rank, provide virtually no regulatory oversight. The more top-tier authorities regulating a broker, the higher its trust rating. Read more about regulation and our tier system here.
In our comparison:
Global Prime holds one Tier 1 and no Tier 2 licences.
Alpho holds no Tier 1 and no Tier 2 licences.
Based on these findings, Global Prime earned a higher trust rating than Alpho.
Is Global Prime financially regulated?
Yes Global Prime was founded in 2011 and is regulated by ASIC and VFSC.
Is Alpho financially regulated?
No Alpho is not adequately regulated.
Trading Costs Comparison
When comparing brokers, trading costs are a significant factor. We consider the minimum deposit required to open an account and ongoing costs, including spreads and commissions. We measure the cost to trade one lot of EUR/USD using the broker’s account with the lowest minimum deposit, including both the spread and any commission charged.
We found that Global Prime has overall lower trading costs than Alpho.
