AliceMarkets Review 5 Warning Signs You Shouldn’t Ignore
AliceMarkets
presents a sleek site, bold claims, and global reach. Launched in 2025,
it markets itself as a fresh take on online trading, set apart from
traditional forex brokers.
Look closer and a common offshore setup
appears. The company is registered in the Comoros Islands (Mwali) under
the Mwali International Services Authority. This registry makes company
formation easy, but oversight is minimal. MISA does not require
segregated client funds, minimum capital, or a compensation scheme for
clients.
That leaves traders exposed. If a withdrawal stalls or a
dispute occurs, there is no trusted regulator to contact, no safety net,
and no strong rules around how deposits are kept.
This review covers AliceMarkets’
license, platforms, accounts, payments, instruments, pricing, and
withdrawals, so you can judge the real risk behind the marketing.
Safety and regulation
- Jurisdiction: Comoros Islands (Mwali)
- Company: AliceMarkets LTD, registration HT00525040
- License: BFX2025058, issued by MISA
MISA
acts more like a registrar than a financial watchdog. Unlike the FCA in
the UK, ASIC in Australia, or CySEC in Cyprus, it does not mandate
capital buffers, segregated accounts, audits, or a compensation fund.
Complaint handling is unclear as well.
What this means for you:
- No guaranteed funds
- No segregated client accounts
- No negative balance protection
Compare that to top-tier rules:
- UK regulated brokers: £85,000 protection, segregated funds, negative balance protection
- EU regulated brokers: €20,000 protection, segregated funds, negative balance protection
- AU regulated brokers: no compensation fund, but segregated funds and negative balance protection
- US regulated brokers: strong oversight and segregation, different product limits apply
A
MISA license lets AliceMarkets operate, but it does not provide the
credibility or client protection found with major regulators. Treat it
as a legal address, not real supervision.
Trading platforms
AliceMarkets
advertises MetaTrader 5 as its main platform. MT5 is respected for
stability, charting, and automation. The broker claims desktop access on
Windows and macOS, plus mobile apps.
When tested, the download
link on the site did not work. Without a working link or live access,
there is no way to confirm availability or server connectivity. MT5 is a
strong platform, but it must be accessible to matter.
Until users can verify a live terminal and real trading servers, this looks more like a marketing point than a ready platform.
Account types and minimum deposits
- Standard: $1,000 minimum, spreads from 1.5 pips, up to 1:500 leverage
- Islamic: $3,000 minimum, swap-free, raw spreads, 1:1 leverage
- Pro: $5,000 minimum, raw spreads, up to 1:1000 leverage
- ECN: $10,000 minimum, raw spreads, up to 1:2000 leverage
The
structure appears organized, yet the entry cost is steep for a starter
account. The Islamic option suits faith-based trading, though 1:1
leverage limits flexibility. Pro and ECN accounts feature high leverage
and raw pricing, but the lack of strong oversight raises the risk.
Compared with well-known brokers, the $1,000 minimum is high. Many reputable firms start at $100 or less.
Payment methods
AliceMarkets lists cards, Skrill, Neteller, PayPal, and bank transfers. It also claims instant deposits with no fees.
Key details are missing:
- No stated withdrawal fees
- No processing times
- No limits or supported currencies
- No proof that listed methods are active
Offshore
firms often promote easy deposits, while withdrawals may be slow or
unclear. Until AliceMarkets publishes clear, tested policies and
verifiable payout records, deposit with care and avoid large amounts.
Markets and instruments
The site claims a broad CFD list across forex, indices, commodities, bonds, stocks, and crypto:
- 61 Forex CFDs
- 25 Index CFDs
- 24 Commodity CFDs
- 9 Bond CFDs
- 2,100+ Stock CFDs
- 21 Cryptocurrency CFDs
The range looks diverse on paper. Since platform access was not confirmed, treat these numbers as unverified.
Spreads and trading conditions
AliceMarkets groups pricing by account:
- Standard: spreads from 1.5 pips, $1,000 minimum
- Islamic: raw spreads, 1:1 leverage
- Pro: raw spreads from 0.0 pips, $5,000 minimum
- ECN: raw spreads from 0.0 pips, $10,000 minimum, up to 1:2000 leverage
The
broker has not published firm spread data for key pairs like EURUSD,
GBPUSD, or USDJPY. Without verified live quotes and stable platform
access, actual costs remain uncertain.
Leverage
- Standard: up to 1:500
- Pro: up to 1:1000
- ECN: up to 1:2000
High
leverage can boost gains, but it also magnifies losses. AliceMarkets
does not offer guaranteed negative balance protection, so losses can
exceed deposits. Regulated brokers in the UK, EU, and Australia cap
leverage for retail clients at far lower levels and provide stronger
safeguards.
Withdrawals
AliceMarkets does not disclose:
- Minimum withdrawal amounts
- Processing times
- Fees or taxes
- Limits or supported currencies
Clear
withdrawal rules are standard under strong regulators. The lack of
transparency, paired with an offshore license, is a serious concern. If
you do proceed, test with a small payout first and verify speed and
fees.
Pros and cons
Pros
- Wide range of accounts on paper
- MT5 mentioned as the main platform
Cons
- Offshore license under MISA, weak oversight
- No proof of platform access or live servers
- No transparent withdrawal terms
- High minimum deposits and very high leverage
- No clear education or in-platform tools
Bottom line
AliceMarkets
looks modern, but the core setup is offshore and lightly supervised.
The license offers little protection, platform access is unverified,
payment terms are vague, and the entry cost is high. If safety, clear
terms, and reliable payouts matter to you, compare this broker with
well-regulated options before sending any funds.