AlumFX offers transparent pricing, along with one click trading, interactive charting, news and education.
AlumFX is a new Forex broker that was established in 2011 by a group of experienced traders whose goal is to provide both novice and expert traders with a user-friendly service that can be tailored to fit their needs and preferences. AlumFX can be quickly characterized with tight spreads, special risk management features, instant execution of all trades and an excellent reputation due to the brokers reliability and the fact that it is reculated by the FCA.
AlumFXs services are preferred by retail traders, as well as corporations who are looking for a reliable and convenient way to participate in the Forex market. The broker takes advantage of the most advanced Forex technologies, so you can rest assured that this is one of the most forward-thinking brokers on the web.
Platforms & Features
AlumFX currently supports three types of trading platforms – MetaTrader 4, Webtrader and the mobile trading apps, A-Mobile & A-Tab which are available for both Android and iOS devices. The mobile trading platforms that AlumFX work with are very flexible and we are absolutely sure that most traders will instantly fall in love with them due to their simplified interface, quick synchronization with other platforms and the fact that they can be accessed from almost any type of mobile device.
The spreads offered by AlumFX arent the most attractive ones, but they are still pretty low when compared to other Forex brokers. The maximum leverage you can take advantage of is 100:1 and you can open an account using any of the following currencies – GPD, USD and EUR. Demo accounts are available as well.
Just like every other Forex broker, AlumFX allows you to trade with the most popular currency pairs along with some exotic ones. The total number of currency pairs that can be traded with AlumFX is 42, so this should meet the requirements of most traders. Some of the well-known currency pairs offered by AlumFX are the CHF/JPY, EUR/GBP, USD/JPY, USD/CHF and the EUR/CHF.
As we mentioned earlier, AlumFX is regulated by one of the strictest regulatory bodies, so you can rest assured that this is a reliable broker. You can deposit/withdraw funds via three methods – credit/debit card, wire transfer and check. Keep in mind, that deposits via check are only available for UK residents. The minimum deposit is 200, and for this money youll get a Micro account. There are two other types of accounts – Classic & Pro which require a deposit of respectively 500 and 10,000 units of your accounts currency.
The only active bonus at the moment is a cash rebate that every trader gets. The amount of money the trader will get through this bonus equals 25% of the spread for every lot traded.