Al-Awal Journal (Broker out of business)
| Journal status: closed Al-Awal out of business |
Al-Awal Profile
Website
alawalcapital.co.uk
Year
2019
Country
UK
Branches
1
Regulation
FCA UK
Registration
FCA UK
Investor protection
Fund protection
UK Financial Services Compensation Scheme (FSCS)
Publicly traded
no
Restricted in
Not serving
...
Broker type
STP, ECN marketing
Dealing book
A-book
Tier
3
Execution speed
300 ms
LPs total
20
LPs quality
Tier-1 Banks
LPs names
...
Al-Awal Accounts
ECN
Minimum Deposit
500 $
Leverage
500 : 1
Minimum Lot
0.01 lots
EURUSD spread
0.8 pips
Commission
0 $/lotRT
Volume
200 lots
Margin Call
100 %
Stop Out
20 %
Execution
Market
Spread
floating
Scalping
yes
Deposit & Fees
Deposit methods
Bank Wire, Credit Card, Debit Card, Skrill, Western Union, MoneyGram, China UnionPay
Base currency
USD
Segregated accounts
yes
Interest on margin
no
Inactivity fee
after ... months
| Update broker |
Is Al-Awal safe?
- Investor protection: UK Financial Services Compensation Scheme (FSCS)
- Regulation: FCA UK
- Registration: FCA UK
- Publicly traded: no
- Segregated account: yes
- Guaranteed Stop Loss: no
- Negative Balance Protection: yes
Is Al-Awal trusted?
- Information transparency: limited
★★ - Customer service: ...
- Al-Awal website: semi-detailed, updated
★★★ - Al-Awal popularity (by visitor count): low visits
★★
How Al-Awal works
Al-Awal Limited is a straight through processing/ no dealing desk broker and does not take market risk by taking the opposite side of the trade of its clients
https://alawalcapital.co.uk/safety-of-funds.html
Liquidity
Our liquidity comes from direct connections to over 20 major liquidity providers. Achieve a fill in 1 click for EUR/USD 200 million notional in the European session. We provide institutional liquidity for all clients.
ECN price feed
One price for all traders, hedge fund or individual traders. The equality of opportunity creates a level playing field.
https://alawalcapital.co.uk/why-us.html
Balance Protection
Protecting your fund is our sole priority. Our client-friendly balance protection policy minimizes the risk of draining more than your core account balance.
https://alawalcapital.co.uk/aboutus.html
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