Alpina Trade
Introduction to Alpina Trade
Alpina Trade is a broker firm that provides online trading services to traders worldwide. It offers a variety of trading options including Forex, commodities, indices, and CFDs. The firm is known for its user-friendly platform and a wide range of trading tools. However, like any other broker firm, it has its strengths and weaknesses. This article aims to provide a comprehensive review of Alpina Trade, focusing on its features, customer service, and overall performance.
Trading Platform and Tools
Trading Platform
Alpina Trade provides its clients with the MetaTrader 4 platform, a popular trading platform in the forex industry known for its reliability and wide range of features. It allows traders to monitor the market, execute trades, and perform technical analysis. However, the platform may seem complex and intimidating for beginners.
Trading Tools
The broker firm offers a variety of trading tools, including economic calendars, trading signals, and market news. These tools can help traders make informed decisions. However, the lack of advanced tools like automated trading systems may be a downside for experienced traders.
Account Types and Pricing
Alpina Trade offers three types of accounts: Basic, Gold, and Platinum. The Basic account is suitable for beginners, while the Gold and Platinum accounts are designed for more experienced traders. The minimum deposit requirement is relatively high compared to other broker firms. Moreover, the firm does not offer a demo account, which is a significant drawback for beginners who want to practice trading without risking real money.
Customer Service
Customer service is a crucial aspect of any broker firm. Alpina Trade offers customer support through email and phone. However, the absence of live chat support can be a major disadvantage, as it is the most convenient and quickest way of communication for many traders. There have also been complaints about slow response times and unhelpful customer service representatives.
Regulation and Security
Alpina Trade is not regulated by any recognized financial authority. This raises concerns about the safety of traders’ funds and the credibility of the firm. Moreover, the firm does not provide any information about its security measures, which further adds to the concerns about the safety of traders’ funds.
Conclusion
In conclusion, while Alpina Trade offers a user-friendly platform and a variety of trading tools, it has several drawbacks. The lack of regulation, high minimum deposit requirement, absence of a demo account, and poor customer service make it a less appealing option for traders, especially beginners. Therefore, traders should carefully consider these factors before deciding to trade with Alpina Trade.
I had a terrible experience with Alpina Trade as my broker. Their customer service was extremely unresponsive, and I had to constantly chase them for updates on my account. I also found their fees to be outrageously high compared to other brokers I have worked with in the past. Overall, I would not recommend using Alpina Trade as a broker.
I had a terrible experience with Alpina Trade. The customer service was unresponsive and unhelpful, and the platform was unreliable and prone to glitches. I would not recommend this broker to anyone looking to trade, as they do not seem to prioritize their clients’ needs or provide a satisfactory trading experience. Stay away from Alpina Trade.