Introduction to Alain FX
Alain FX is a relatively new entrant into the online foreign exchange trading space. The company was founded in 2014 by a team of experienced financial professionals with a mission to provide traders with a simple, reliable and user-friendly platform to trade the world’s major currencies.
Alain FX offers a web-based trading platform that is designed to be easy to use and navigate. The platform is available in English, Spanish, French, German, Italian and Chinese. Alain FX also offers mobile trading apps for iPhone, iPad and Android devices.
One of the key selling points of Alain FX is its low minimum deposit requirement of just $100. This makes it an attractive option for beginner traders who may not have a lot of capital to invest. Alain FX also offers competitive spreads starting from just 1 pip on major currency pairs.
Another benefit of trading with Alain FX is that there are no hidden fees or commissions charged on trades. All charges are included in the spread so you know exactly how much you will be paying from the start.
Alain FX has received largely positive reviews from both users and industry experts. The company has won several awards including “Best Newcomer” at the 2015 World Finance Awards and “Most Trusted Broker” at the 2016 Global Banking & Finance Awards.
Pros of Alain FX
Alain FX is a Forex broker that has been in operation since 2014. The company is based in Mauritius and is regulated by the Financial Services Commission of Mauritius. Alain FX offers the MetaTrader 4 and 5 trading platforms, as well as mobile trading apps for iOS and Android devices.
One of the main advantages of Alain FX is that it offers commission-free trading on all major currency pairs. spreads start at just 0.3 pips and there is no minimum deposit required to open an account. Alain FX also provides a range of educational resources to help traders improve their skills.
Cons of Alain FX
Alain FX is not a regulated broker and is not listed on any major exchange. This means that there is no third-party oversight of their activities, which could potentially lead to problems down the line. Additionally, Alain FX offers a very limited selection of tradable assets, with only currency pairs and CFDs being available. And finally, their trading platform is quite basic and does not offer any advanced charting or analysis tools.
Traders Ratings
Alain FX is a forex broker that is based in the Seychelles. The company is owned by Alain Picard, who is also the CEO. The company started operating in 2012.
Alain FX offers the MetaTrader 4 trading platform. The broker provides leverage of up to 1:200 and supports micro lot trading.
The company has been rated by traders on several forex forums and websites. Overall, the feedback has been positive, with traders praising the broker’s low spreads and fast execution speeds.
Conclusion
All in all, Alain FX is a reliable and user-friendly forex broker. They offer a wide range of currency pairs, low spreads and fast executions. Their customer service is excellent and they have a dedicated account manager to help you with your trading needs. If you are looking for a new forex broker, we recommend giving Alain FX a try.