Alfa Forex Alternatives: Pros, Cons, And How It Stacks Up Updated for 2024
This alternatives to Alfa Forex guide has been updated for 2024 by industry experts with years of financial experience in Forex, CFDs, & Social Trading. We have worked to gather hundreds of data points about the alternatives to Alfa Forex to make sure you have as much information as possible to make an informed decision.
There are a lot of good alternatives to Alfa Forex like Startrader, freetrade, and easyMarkets. They all provide the same, if not more, features to their users. If you feel that Alfa Forex is not quite right for you then it would be worth getting a virtual account with a few of the best Alfa Forex alternatives and check if they are a better fit for you before moving any money around.
The most in depth guide to Alfa Forex alternatives on the web
There's a lot of reasons Alfa Forex may not be a good fit for your trading needs. Whatever reason you are looking for the best Alfa Forex alternative or Alfa Forex competitor with similar services, comparebrokers.org try to give you as much useful information so you can make an informed decision. Below you will discover the top Alfa Forex alternatives.
For each of the below alternative to Alfa Forex, we also highlight the key differences to Alfa Forex and for each section show you the best alternatives. For every Alfa Forex alternative online broker listed we also have detailed trading platform reviews and guides that you can easily click to read elsewhere on comparebrokers.org, all based on hundreds of datapoints collected and reviewed by experts. If you are unhappy with Alfa Forex, discover some great alternative brokersbrokers|online trading platforms|brokerages.
Having a professional and dependable broker is important for having a successful trading career. All of the Alfa Forex alternative brokers listed in this Alfa Forex alternatives guide have good reputations and can fit what you are looking for.
Alternatives With Lower Minimum Deposit
Alfa Forex has a minimum desposit of $0, you can see how the minimum deposit requirements of Alfa Forex compare with the minimum deposits of Alfa Forex competitors. Trading platforms often have lower minimum deposits to get traders to test them out, but having higher a minimum deposit requirement isn’t always a bad thing, it all depends on your personal trading needs.
| Broker | Minimum Deposit | Find Out More |
|---|---|---|
|
Alfa Forex |
$0 | |
| freetrade |
$0 | |
| ThinkMarkets |
$0 | |
| Spreadex |
$0 | |
| XTB |
$0 |
Alternatives Offering Virtual Portfolio Accounts
Alfa Forex offers virtual portfolio accounts so you can test your trading strategies before risking any real money. Newbie traders can open a demo account in order to better understand the areas of Forex trading and test out some of the company’s features before risking a live account.
Below we detail some of the best alternatives to Alfa Forex that have demo accounts.
| Broker | Offers Demo Account? | Find Out More |
|---|---|---|
|
Alfa Forex |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
Yes |
|
Alternatives Offering Negative Balance Protection
Alfa Forex does not provide negative balance protection. If your balance is unfavorable, Alfa Forex suggests you promptly contact client services. Then you are able to fix any imbalances within your account.
Below we list some of the best alternatives to Alfa Forex that have negative balance protection.
| Broker | Offers Negative Balance Protection? | Find Out More |
|---|---|---|
|
Alfa Forex |
No | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| Uphold |
Yes |
Alternatives Offering Guaranteed Stop Loss
Alfa Forex unfortunately, does not offer guaranteed stop loss. Alfa Forex provides a chance to its dealers to close their trade in their specified price. Apart from that, Alfa Forex does not provide guaranteed stop loss.
Below we detail some of the top Alfa Forex alternatives that have guaranteed stop loss available for their clients.
| Broker | Offers Guaranteed Stop Loss? | Find Out More |
|---|---|---|
|
Alfa Forex |
No | |
| easyMarkets |
Yes | |
| Uphold |
Yes | |
| instaforex |
Yes | |
| FreshForex |
Yes |
Alternatives Offering Scalping
Alfa Forex do permit scalping. Several traders across the world choose Alfa Forex for their services that are trading. They offer trading on MT4 which let this.
Below we show some of the best alternatives to Alfa Forex that offer scalping functionality to their customers.
| Broker | Offers Scalping? | Find Out More |
|---|---|---|
|
Alfa Forex |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Alternatives That Allow Hedging
Alfa Forex do allow hedging. Many traders across the world choose Alfa Forex due to their large range of services. They offer trading on MT4.
Below we detail some of the best alternatives to Alfa Forex that allow hedging services to their client base.
| Broker | Offers Hedging? | Find Out More |
|---|---|---|
|
Alfa Forex |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Alternatives That Allow Social Trading
To build a strong community of traders and investors, and to encourage successful traders to share their wisdom, Alfa Forex offers social trading which encompasses leading traders sharing their knowledge with the community. What stocks they are monitoring, what to buy, what to sell. Intermediate traders can then absorb this expert knowledge and create their own trades. This is independent copy trading..
Below we detail some of the top Alfa Forex alternatives that have social trading capabilities.
| Broker | Offers Social Trading? | Find Out More |
|---|---|---|
|
Alfa Forex |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Alternatives That Allow Copy Trading
Alfa Forex's copy trading platform allows traders to share their expertise with others to build a community of investors and traders. Which stocks they are following, what stocks to buy, and what stocks to sell. This allows intermediate traders to absorb the expert knowledge and make their own trades based off it. This is calculated social trading..
Below we list some of the top alternatives to Alfa Forex that has copy trading to their clients
| Broker | Offers Copy Trading? | Find Out More |
|---|---|---|
|
Alfa Forex |
No | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Compare Alfa Forex To All Other Brokers