Alpha Capital Markets
TopForex
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Overview
Alpha Capital Markets was founded in 1999 and is headquartered in UK, while TopForex was established in 2009 and is based in Cyprus. Alpha Capital Markets holds licences including Unregulated, while TopForex is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. Alpha Capital Markets serves 10,000+ clients worldwide; TopForex has 10,000+. The minimum deposit is $0 at Alpha Capital Markets and $100 at TopForex.
| Feature | Alpha Capital Markets | TopForex |
|---|---|---|
| Min. Deposit | $0 | $100 |
| Regulation | Unregulated | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 1999 | 2009 |
| Country | UK | Cyprus |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Alpha Capital Markets and TopForex, directly affecting your bottom line as a trader. Alpha Capital Markets has a lower barrier to entry with a minimum deposit of $0 (vs $100 at TopForex). TopForex charges withdrawal fees while Alpha Capital Markets does not, giving Alpha Capital Markets an edge for frequent withdrawers. Alpha Capital Markets applies inactivity fees on dormant accounts; TopForex does not. Overall, Alpha Capital Markets scores higher on fees in our assessment.
| Feature | Alpha Capital Markets | TopForex |
|---|---|---|
| Min. Deposit | $0 | $100 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | No |
| CFD Fees | No | Yes |
Platforms
Alpha Capital Markets offers MT4, MT5, cTrader, while TopForex supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Both brokers support copy or social trading, catering to less hands-on investors. The two brokers are closely matched on platform offering.
| Feature | Alpha Capital Markets | TopForex |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Metatrader 4 - desktop, iOS and Android versions available. | MT4, Web Trader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Alpha Capital Markets and TopForex compare. TopForex runs regular live webinars; Alpha Capital Markets does not. Both provide video tutorials. TopForex publishes daily market commentary; Alpha Capital Markets does not. Both integrate third-party research tools. TopForex maintains an archive of past webinars for on-demand viewing. TopForex scores higher overall in education and research.
| Feature | Alpha Capital Markets | TopForex |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Alpha Capital Markets accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while TopForex supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Alpha Capital Markets | TopForex |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | No | No |
| Neteller | No | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Alpha Capital Markets and TopForex offer live chat support. Both provide phone support. Email support is available at both brokers. Both brokers offer support in 2 languages. Both brokers are comparable on support quality.
| Feature | Alpha Capital Markets | TopForex |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |