#fxscouts

The radar chart above illustrates the comparison between JustMarkets 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 JustMarkets 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:

JustMarkets holds one Tier 1 and no Tier 2 licences.

Alpho holds no Tier 1 and no Tier 2 licences.

Based on these findings, JustMarkets earned a higher trust rating than Alpho.

Is JustMarkets financially regulated?

Yes JustMarkets was founded in 2012 and is regulated by CySEC, FSA-Seychelles 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.