Altex Group Review
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Fast Facts
Contact Info and Support
Traffic information
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About Altex Group
Altex presents itself as “Altex ALX Trade” and identifies registration number 111364 at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands, MH96960. The cited company materials do not identify an FCA, CySEC, ASIC, NFA, or other financial-services licence number. The website states that services are not offered to persons residing in or holding nationality in the UAE, USA, Canada, the EU, Australia, New Zealand, Iran, North Korea, or Belize.
The broker advertises cryptocurrencies, precious metals, stocks, ETFs, futures, oil products, foreign exchange, and other investment instruments through its own platform. Its site states that more than 600 instruments are available on the tariff page and separately refers to more than 1,800 instruments. The published account categories are Basic, Professional, and Personal Advisor. The tariff page lists deposits of $0 for Basic, $50,000 for Professional, and $10,000 for Personal Advisor, while the FAQ states that trading can start with a minimum deposit of $100 or €100; these are conflicting figures published on the company’s own website.
The tariff page advertises fees below 0.11% and publishes spot and futures maker/taker rates, including 0.1000%/0.1000% for spot trading and 0.0200%/0.0700% for futures trading for its general-user tier. The website warns that FX margin trading can produce losses exceeding the margin deposit, but it does not state a maximum leverage figure in the cited materials. The company also advertises a demo account, while its documents section provides privacy, cookie, risk-disclosure, terms-and-conditions, and anti-money-laundering documents.
Who it’s for
- Users seeking access to the asset classes explicitly listed by the company, including cryptocurrencies, stocks, ETFs, metals, futures, oil products, and foreign exchange.
- Users interested in a proprietary trading platform and the Basic, Professional, or Personal Advisor account categories.
- Users who meet the company’s stated geographical eligibility requirements and accept the leverage-related risk disclosure.
Pros and cons
Pros
- The website lists multiple asset classes, including cryptocurrencies, stocks, ETFs, metals, futures, oil products, and foreign exchange.
- A demo account is advertised.
- The company publishes a fee schedule for spot and futures trading.
- Privacy, risk-disclosure, terms-and-conditions, and anti-money-laundering documents are provided on the website.
Cons
- The cited company materials identify an offshore registration number but do not identify a financial-services licence from a named major regulator.
- The website publishes conflicting minimum-deposit information: $0 for the Basic tariff versus $100 or €100 in the FAQ.
- The company’s own risk disclosure states that FX margin-trading losses may substantially exceed the margin deposit.
- Services are expressly excluded for residents or nationals of the UAE, USA, Canada, the EU, Australia, New Zealand, Iran, North Korea, and Belize.
