Alfa Forex Review: | Updated for 2023
This Alfa Forex review has been updated for 2023 by industry experts with years of financial experience in Forex, CFDs, & Social Trading. We have worked to gather hundreds of data points about Alfa Forex to give you the most comprehensive guide available.
Alfa Forex is a professional trading partner that was founded in 2011. They have around 358 employees that help the company provide Financial Markets Access, to 10,000+ customers through MT4.
Alfa Forex Guide – Read our In-Depth Alfa Forex Review
Alfa Forex Rating: 4.73 / 10
This Alfa Forex review page contains information about investing with Alfa Forex. It is intended for educational purposes only and should never be considered financial advice. comparebrokers.org is not a brokerage or advisory service. We do not recommend or advise that investors buy or sell securities or stocks.
All of the information about the brokers you see reviewed on comparebrokers.org come from our partners, some of whom we have an affiliate relationship with. These partners do not control the content on the page beyond providing us with datapoints to ensure that (as far as possible) the information in our database is accurate. The datapoints provided are used to calculate a rating based on what we beileve has the most benefit to their users. Our proprietary rating algorithm takes all of the datapoints to generate the rating. This keeps things fair and removes human bias to ensure that our users can compare brokers easily and find the best ones for their needs.
Please note that due to regulations, the content in this review of Alfa Forex does not apply to users in Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
This Alfa Forex review contains the latest information surrounding Alfa Forex.
If you're a new entrant in the world of online trading and brokerages, so many facts will no doubt be perplexing for you. Getting into the world of trading online requires expert analytical skills and thorough knowledge. You will get proficient at all the concepts of trading online and brokers as you continue trading. For starters, you need to choose the right broker who'll always be transparent with you.
In this fast-paced universe of stock markets and trading, you'll need guidance to make proper decisions. A professionally lead investment partner could assist you in minimising any potential losses and maximising any returns. Alfa Forex is just one such broker that will help you. It's important that you learn all you can about any broker before you trust them with your cash.
Alfa Forex Review for 2023 – Brief Summary
| Alfa Forex Telephone: | |
| Alfa Forex Support Email: | |
| Alfa Forex Address: | |
| Year Founded: | 2011 |
| Regulated By: | Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) |
| Hedquarters: | Cyprus |
| Minimum Deposit: | $0 |
| Number Of Clients: | 10,000+ Alfa Forex users and traders |
| Alfa Forex LinkedIn: | |
| Alfa Forex Facebook: | |
| Alfa Forex Facebook Likes: | 0 |
| Alfa Forex Twitter: | @ |
| Alfa Forex Twitter Followers: | 0 |
| Alfa Forex Instagram: | |
| Alfa Forex Instagram Followers: | 0 |
| Alfa Forex Youtube: | |
|
Your capital is at risk |
|
Our full Alfa Forex review for beginners covers all you need to know about trading via Alfa Forex. A fantastic agent can take your first investments and help to protect it from losses but also provide you a platform that can help to provide you profits. If you would like to make profits, you should trade with a brokerage service that contrasts with your investing goals.
Of course, there's absolutely no sure-fire way to guarantee profits; therefore, you should carefully assess your agent before you choose them. It's a common misconception that all agents will be the same, but that's not true. Wrong judgment, initially, can set your investments in danger.
Alfa Forex is a trading partner which has forged its way successfully into the brokerage world. Within this review, we have attempted to collate some of the important aspects of Alfa Forex. This guide can help you to learn whether Alfa Forex is a great match for your investments or not. We have attempted to breakdown all of the features and fees for your advantage.
Who are Alfa Forex?
Alfa Forex is a foreign exchange broker with its head office in Cyprus and provides a range of instruments for online trading. Since its inception in 2011 they have emerged as a top-tier player in the industry of online trading. Alfa Forex includes a highly professional and full-featured trading website that is focused on forex, indices, metals, sharesand commodities.
Over the past 12 years, Alfa Forex has become one of the leading online brokers available to the public.
After launching in 2011, their customer base has increased to 10,000+ clients.
Alfa Forex is a favourite of many traders . Our Alfa Forex account review discovered that they're a professional platform for online trading solutions. They're most appropriate for investors that are looking for an assortment of assets. Social and easy to use trading options are the core at Alfa Forex.
Technology plays a substantial role in Alfa Forex. They features trading on MT4. Alfa Forex is honest, transparent, and also a well-regulated agent by the Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA). Their outstanding array of resources will be beneficial for most traders. Third-party partnerships also supply in-house research.
The trader resource section at Alfa Forex is very insightful for new traders since it allows them to have a closer look at the financial markets. Alfa Forex caters to all types of traders and are a must-have broker for any well-diversified approach to online trading.
Benefits of online trading with Alfa Forex in 2023
Trading with Alfa Forex comes with numerous benefits. These benefits are what sets Alfa Forex ahead of the rest of the online agents. You need to check all the advantages listed so you have a better understanding of Alfa Forex.
The agent goes to great lengths to understand what traders need. Consequently, the support, fast, and convenient. The broker also gives a variety of platforms for all kinds of traders. Alfa Forex helps to ensure that the individual needs of all online traders are met to the best of their ability.
Alfa Forex also includes excellent trading conditions which are available to all and not only an elite class of institutional clients. The tight spreads and fast executions are a great benefit for all traders. The technology adopted by Alfa Forex is of the highest caliber, ensuring that it is fast, reliable, and effective.
Alfa Forex acknowledges the significance of having a quick order execution. A quick implementation will allow users to trade without fretting about slippage safely. It will also aid the traders to grab any opportunities.
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. Alfa Forex's social 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. Intermediate traders can then absorb this expert knowledge and create their own trades. This is independent copy trading.
Alfa Forex has over 30 trading instruments to support all kinds of traders. These instruments are dynamic and convenient for both the new and experienced traders. All traders can set aside all their worries when trading using Alfa Forex.
Alfa Forex Overview
Year Founded: 2011
Regulated By: Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA)
Hedquarters: Cyprus
Minimum Deposit: $0
Number Of Clients: 10,000+
Your capital is at risk
If you feel that Alfa Forex is not right for you then at the bottom of this Alfa Forex review you will find a lot of alternatives to Alfa Forex.
What you ought to know about trading using Alfa Forex
Alfa Forex is a lively platform that provides various methods of online trading. These tools cover the financial markets considerably. The Majority of the broker platforms provide less procedures than Alfa Forex
If you would like to trade with Alfa Forex, you'll need a minimum deposit of $0. This deposit is required if you wish to begin trading with Alfa Forex. This 2023 Alfa Forex review will guide you safely about trading with them.
Alfa Forex is as flexible as another broker platform. Alfa Forex is great for traders that want a manageable range of cheap services. The platforms offered by Alfa Forex are third party, white-label offerings. All traders may select from MT4
Together with everything, Alfa Forex has multiple benefits to new and verteran traders and should be investigated. There's no minimum time over which a trade has to be kept open. The brokers provide premium client service which rewards customers with advantages.
Many unethical brokers try to pressurise users into bigger financing for superior services. Alfa Forex, though, is much more focused on trading volume. Traders can expect trading conditions to be fair, honest and transparent. The more lots traded by the user, the more advantages will become available.
Alfa Forex accounts are available all over the world and provides outstanding service everywhere they have customers. There are some select few countries where Alfa Forex accounts are not available. Traders in the following countries cannot open or use a Alfa Forex account:
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Is Alfa Forex Safe To Trade With In 2023?
Founded in 2011, Alfa Forex has been open for 12 years, they have a head office in Cyprus
Alfa Forex is regulated by Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA). These bodies have rules that make sure that trading platforms have steps in place to keep investor's resources secured. This usually means that Alfa Forex users do not need to be worried about their money since it is segregated and safely stored in banks that are established. SSL encryption simplifies each user's private information also.
You are able to make use of a choice for 2 Factor Authentications (2FA) with Alfa Forex for increased security. An SMS with the verification code will be sent to your phone. You will be asked to enter this code to log into your account.
Another concern with financial brokers is in regards to safety may be manipulation of trading. This is highly disadvantageous to consumers on those platforms. Nonetheless, this is more widespread in the example of Market Maker brokers who compete with users on the stage.
Alfa Forex Risk Disclaimer
Your capital is at risk
Pro's & Con's Of Trading With Alfa Forex
Every online trading platform will have a few ups and downs, and no Alfa Forex review would be complete without having a balanced approach. This Alfa Forex review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
Alfa Forex Pro's
Alfa Forex is regulated by Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA).
Alfa Forex has been trading for 12 years.
Alfa Forex offers customer support over the phone.
Alfa Forex provides customer support over email.
Alfa Forex gives access to customer support over livechat.
Alfa Forex has a low minimum deposit requirement.
Alfa Forex has over 100 employees.
Alfa Forex offers social trading.
Alfa Forex allows scalping.
Alfa Forex allows hedging.
You can trade metals with Alfa Forex.
You can trade energies with Alfa Forex.
Alfa Forex Con's
Alfa Forex is not highly rated by us. Alfa Forex hasn't won any awards. Alfa Forex doesn't offer guaranteed stop loss. Alfa Forex doesn't offer negative balance protection. Alfa Forex charges withdrawal fees. Alfa Forex charges inactivity fees. Alfa Forex doesn't have a wide range of trading instruments. You can't trade Cryptocurrencies with Alfa Forex. Alfa Forex doesn't offer copy trading. Alfa Forex doesn't allow commodity trading.Compare Brokers Similar To Alfa Forex
Regulation And Licencing In More Detail
Alfa Forex is regulated by Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA).
Alfa Forex, as a business, has a strong set of rules for ensuring fair trading on its own platform. For information encryption purposes, it provides an industry-standard secure socket layer (SSL).
As per the company's privacy regulations, client data is never to be shared with any other institutions or individuals. Including credit history and other financial details.
Alfa Forex Awards
At the time of writing this Alfa Forex review, and despite Alfa Forex’s impressive offering, the company has surprisingly not garnered any awards to date.Alfa Forex Trading Platforms
Alfa Forex are a professional trading platform that has been open for over 12 years. They offer a large range of options in their user accounts.
In the following table we take the main parts of any reputable broker and compare Alfa Forex with freetrade, and easyMarkets.
Alfa Forex MetaTrader 4 (MT4)
MetaTrader 4 also known as MT4 is one of the top trading platforms on the planet and has been in active use on financial markets since 2005. The MetaTrader 4 software delivers a feature-rich, user-friendly interface and an extremely customisable trading environment, designed to cover all your trading needs and boost your trading performance. Charting functionality and advanced order management tools make certain you could monitor your positions quickly and economically.
The MetaTrader 4 (MT4) trading platform was developed primarily to trade Forex but you can also trade other types of financial instruments through CFDs and Spread Betting. You will not be able to trade Stocks, Indices, Commodities, ETFs, Futures on any MetaTrader 4 (MT4) platform unless they are CFD contracts or Spread bets. You will not own any underlying assets with CFDs or Spread bets as you are speculating on price movements.
You can start using the MetaTrader 4 platform with Alfa Forex in multiple formats including through an online web platform, or through a downloadable application for Windows PC's and Mac's. Alfa Forex MetaTrader 4 is compatible with the latest macOS. Alfa Forex allows traders to trade on mobile devices through Android and iOS devices.
Metatrader 4 Webtrader and Alfa Forex
MetaTrader 4 is the most popular trading platform in the world as most and more traders begin to trade online Metatrader 4 is available as a web based application available through your web browser. MetaTrader 4 web software provides the same easy to use performance as the desktop version using advanced charting, a highly customisable trading environment, easy to access online trading tools and many different indicators.
Trading With Alfa Forex MetaTrader 4 On iOS Devices
You can download the Alfa Forex app or also trade with Alfa Forex through the MetaTrader 4 application on the Apple app store.
Download the Alfa Forex MetaTrader 4 Program free of charge from Apple's App Store. Alfa Forex customers have instant access to the Financial markets, with the ability to completely manage a Portfolio on the go.
Trading With Alfa Forex MetaTrader 4 On Android Devices
Andorid mobile devices and tablets are used by millions of people globally. Alfa Forex provides its clients access to the MetaTrader 4 platform on Android supported devices so that their 10,000+ customers can monitor the financial marketplace and trade directly from their Android-based Smartphones and tablets. The Android Alfa Forex MetaTrader 4 application enables traders to make the most of multiple advanced trading features which enables them to monitor and trade quickly on the go, simply and securely.
Minimum Deposit Required
The minimum deposit that you must deposit to begin on Alfa Forex is $0. This is an adequate amount for those just beginning. It's possible to make more advanced deposits as you cooperate. But, ensure you understand how to make the most of your cash before investing larger sums.
Commission And Fees Explained
Alfa Forex is an online broker platform, and most online brokerages charge lower fees than traditional brokerages tend to charge. The cause of this is that the businesses of online brokerages are scaled much better. In other words, an internet broker is not necessarily affected by the amount of clients they have.
However, this doesn't mean that online brokers do not charge any fees. They charge prices of varying rates for various services to make money. There are primarily three types of penalties for this purpose.
The first kind of fees to look out for are trading charges. Whenever you make an actual trade, like buying a stock or an ETF, you're charged trading charges. In these instances, you're paying a spread, financing rate, or even a commission. The sorts of trading fees and the prices vary from broker to broker.
Commissions can be fixed or determined by the traded quantity. On the flip side, a spread refers to the difference between the buying and selling cost. Funding or overnight rates are people who are charged when you hold a leveraged position for more than a day.
Aside from trading fees, online brokers also charge non-trading fees. These are determined by the actions you undertake in your account. They're billed for services like depositing money, not trading for long periods, or withdrawals.
Generally, Alfa Forex does not charge high fees compared to other online brokers. For operations other agents charge for, they either do not charge a broker fee, or they charge a smaller sum. This is beneficial for people who regularly exchange, such as daily or weekly trading.
However, non-trading fees charged by Alfa Forex are comparatively competitive. As a result, you are billed more for non-trading actions in your trading accounts, like withdrawal and deposits. These aren't related to the purchase and sale of resources.
This Alfa Forex review breaks down each of the applicable non-trading charges for you in detail.
Compare Broker Fees Of Alfa Forex
Alfa Forex Withdrawal Fees Explained
Alfa Forex charges a withdrawal fee if you create a bank transfer. Every time you transfer money back into your bank account, these withdrawal charges become important.
Withdrawal of money is possible at any time from your Alfa Forex account. It's possible to withdraw up sums to the amount of your account balance, keeping aside the perimeter used. 1 thing to keep in mind is that you don't necessarily have to have any cash on your account.
In addition, the withdrawn money will be moved directly to the account you use to create deposits. Therefore, in the event that you used a credit card for deposits, the withdrawn cash will be sent into the cardAlfa Forex will ask you to provide other withdrawal methods in case your details have changed since your deposit.
There is a minimum withdrawal amount. In the event you are withdrawing cash in different currencies from USD, a conversion fee is also applicable. The conversion fee will be dependent on the money you are choosing to draw in.
Alfa Forex Inactivity Fees Explained
Alfa Forex charges an inactivity fee if you don't make any trades for a while.
Even if no fees are indicated by Alfa Forex, it's best for you to close the account if you're inactive. Inactivity fees are not just charged by brokerage firms but also many financial services.
For additional trading platforms, the inactivity fee is contingent upon the type of account you've selected. The inactivity fee is exposed to many conditions and should be disclosed clearly by the broker beforehand.
Alfa Forex Deposit Fees Explained
When you transfer money into your trading account from your bank account, a deposit fee can be billed by the broker. Most brokers don't charge too much money for this particular operation.
Alfa Forex doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed
Depositing cash on the Alfa Forex trading platform is easy. You simply need to finish a single-user profile survey to begin depositing money into your trading account. You'll have to give an identity evidence and proof of residency to deposit large amounts.
Compare Alfa Forex Vs Other Broker Deposit Methods
What Can You Trade With Alfa Forex in 2023?
Note: Alfa Forex offers a lot of different trading instruments due to regulatory restrictions in many countries. Trading instruments offered will differ depending on the country of residence of the client.
Alfa Forex has a wide variety of over 30 instruments available for you to trade with.
If trading currency pairs is of interest to you then Alfa Forex offer over currency pairs.
Compare Alfa Forex, freetrade & easyMarkets below.
Alfa Forex Trading App Review
Note: Alfa Forex's mobile app has a lot of functionality and is being constantly developed. What follows was correct at the time of writing this Alfa Forex broker review.
Understand the capabilities of the mobile apps of Alfa Forex, freetrade & easyMarkets below.
Trading Education Available At Alfa Forex
Understand the trading resources available with Alfa Forex, freetrade & easyMarkets below.
Alfa Forex Customer Support
For this Alfa Forex broker review we examined the customer service options as well as response times. on the Alfa Forex trading platform issue solution effectiveness. Alfa Forex supports various languages including English, and Chinese
Alfa Forex Live Chat Support
We have tested the live chat on Alfa Forex, and it was very effective. We sent messages via Alfa Forex livechat via their app and web site and recieved a response after 10 seconds. Sometimes , there was no response.
We tried communicating via Alfa Forex support in a variety of languages across multiple countries. Alfa Forex were capable of resolving our customer issues.
Alfa Forex Phone Support
We made a call to Alfa Forex and the call was answered extremely promptly. It was responded to in less than 5-10 minutes.
The Alfa Forex phone support team were able to effectively address our questions and concerns via phone. We tested the multilingual Alfa Forex team by calling them in various languages. Alfa Forex made efforts to ensure all of our questions were answered.
The overall support via phone from Alfa Forex was good.
Alfa Forex Email Support
We sent several emails to Alfa Forex and answer times overall were very good. The fastest email response time from Alfa Forex was 2 hours while the slowest response was 12 days! Sometimes there were no responses. Support response times may vary for you at Alfa Forex, but this was our experience sending 10 emails at varying times.
The team resolved and answered our questions. Average email support from Alfa Forex was outstanding.
Alternatives To Alfa Forex
If, after reading this Alfa Forex review, they don't meet your requirements check out these Alfa Forex alternatives.
We've scoured the web to find the best alternatives to Alfa Forex. Click on the hyperlinks below to learn more.
Frequently Asked Questions
Can I try Alfa Forex before I buy?
Yes, you can most certainly try Alfa Forex before you buy. Alfa Forex offers demo accounts for the convenience of inexperienced traders. You may use this feature to build your faith in the machine as well as yourself and your trading strategies.
If you register to get a demo account with Alfa Forex, you may set out using a decent amount of virtual currency. It is to establish a feeling of security and confidence in you until you choose to invest your own money.
With a virtual Alfa Forexdemo account, you are able to experiment at all, to whatever length you desire. You might also open positions, examine different trading approaches, and much more.
Alfa Forex shows on its official website how you can trade real time stocks in a demo account.
Is Alfa Forex safe?
It is possible to drop all of your worries since we believe that Alfa Forex is completely safe to use. It's in compliance with the principles of Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA).
Even so, Alfa Forex doesn't have assured stop-loss protection.
Why does Alfa Forex ask for my passport?
The reason that Alfa Forex asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, Alfa Forex has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, Alfa Forex must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.
How can I start trading with Alfa Forex?
The process to start trading with Alfa Forex is super simple. You need to begin by signing up on the Alfa Forex website. It will require you to fill in details pertaining to the credibility and security of your account. You will probably also have top go through the standard KYC (Know Your Customer) checks but Alfa Forex are normally pretty quick with this.
Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live account with Alfa Forex is $0. You should have a good {understanding of|hold over} the {details|nuances} of online trading before you set out and trade with real money as losses can exceed deposits.
If you are confident of your knowledge and understanding, you can open an account with Alfa Forex.
The best way to kickstart your trading career with Alfa Forex is to open a demo account facility before risking any real money
What funding methods do Alfa Forex accept?
There are a number of ways to finance your accounts with Alfa Forex. The process is effortless and quick, with different payment methods at your fingertips.
You can use credit or debit cards ranging from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal can be at your disposal for depositing funds. You have to keep in mind that PayPal isn't available in every country. The currencies Alfa Forex accepts for deposit are USD, GBP, AUD, EUR, NZD, CHF, ZAR, SGD, JPY, CAD.
Other deposit methods you can embrace are Neteller, Skrill, Rapid Transfer, and iDeal. Besides online banking, wire transfer is a possibility also, though it takes about 4-7 days.
Is my money safe with Alfa Forex?
Yes, your cash is safe and secure with Alfa Forex. As you already know, Alfa Forex works with proper conformation to regulations. It's established plenty of measures to protect all of its investors.
Alfa Forex safeguards its clients' private and sensitive data under SSL encryption. Your capital will be retained highly secure in top-tier banks.
If you wish to further protect your account, it is possible to enable Two-Step Verification as well. It takes an SMS confirmation that you get your accounts.
Is Alfa Forex trading good?
Yes, trading via Alfa Forex is a pleasant and good experience indeed. It is a great and intuitive platform with helpful features for your ease. Moreover, you could also gain access to a vast collection of educational resources and assistive substance to kickstart your trading experience.
If you remain skeptical, it is possible to start a eToro demo account and assess the trustworthiness of the platform on your own.
Which Countries do Alfa Forex support?
Alfa Forex operates across the world. However, due to regulations Alfa Forex doesn't accept clients resident in Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Is Alfa Forex legit?
Alfa Forex is a legit company headquarted in Cyprus since 2011. They are regulated by Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA). Alfa Forex is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.
Is Alfa Forex a good broker?
Alfa Forex is a great agent, and its users can vouch for it. The highlight of the platform is its quick order execution on transactions.
You will discover the clean layout of this platform and the commendable features are pleasant to work with.
Is Alfa Forex a trustworthy broker?
Yes, Alfa Forex is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 10,000+ users registered with them can affirm to their trustworthy nature.
What is the minimum deposit for Alfa Forex?
The minimum deposit to open a live account with Alfa Forex is $0
How long do Alfa Forex withdrawals take?
Normally, withdrawal of money from Alfa Forex is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for a withdrawal from Alfa Forex to show in your bank account and withdrawls are available in any of the following currencies.
USD, GBP, AUD, EUR, NZD, CHF, ZAR, SGD, JPY, CAD
Is Alfa Forex regulated?
Alfa Forex are regulated by Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA)
Is Alfa Forex a market leading broker?
Alfa Forex is currently among the business leaders. It has over 10,000+ registered users and over 12 years of expertise on its record. They're one of the world's leading trading platforms and a dominant figure in the Fintech revolution.
It majorly owes this standing to its incredible platform and broad range of tools plus resources so that you can invest in capital markets.
Is Alfa Forex a con?
No, Alfa Forex is not a con. They are regulated by Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) and must adhere to their rules. Thus, it is safe to say that Alfa Forex is not a scam.
Can you make money with Alfa Forex?
Using Alfa Forex, many traders make a lot of cash. But, just like all online trading platforms, it is important to note that traders can also lose money. In particular, Your capital is at risk
This can look like a little number, but within the entire year, it quickly adds to a substantial amount of gains. Even though Alfa Forex provide you all the tools to make money, they cannot guarantee that you will profit.
Does Alfa Forex have fees?
Yes. To begin trading with Alfa Forex, you have to deposit $0. Particular commissions while trading additionally applies. Any processing fees from your bank will need to be incurred by you.
When was Alfa Forex founded?
Alfa Forex was founded in 2011 in Cyprus. Alfa Forex is regulated by Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA).
How many people use Alfa Forex?
Alfa Forex is a worldwide recognised broker with 10,000+ clients.
Where is the Alfa Forex head office?
Alfa Forex has its head office in Cyprus
Does Alfa Forex offer negative balance protection?
No. Alfa Forex doesn't offer negative balance protection. If your balance is unfavorable, Alfa Forex indicates you contact client services. With this, you are able to fix any imbalances within your own account.
Does Alfa Forex offer guaranteed stop loss?
Alfa Forex, regrettably, doesn't provide guaranteed stop loss. Alfa Forex provides an opportunity for its traders to close their trades at their specified price. Aside from that, Alfa Forex doesn't provide guaranteed stop loss.
Does Alfa Forex allow scalping?
Yes, Alfa Forex does allow scalping. Many traders throughout the world select Alfa Forex due to their services that are trading. They offer trading on MT4 which allow this.
Does Alfa Forex allow hedging?
Yes, Alfa Forex does allow hedging.
Can you trade energies with Alfa Forex?
Yes, you can trade energy stocks with Alfa Forex
Can you trade agricultural shares with Alfa Forex?
Yes, you can trade agricultural stocks with Alfa Forex
Can you trade cryptocurrency with Alfa Forex?
No, unfortunately you cannot trade cryptocurrency with Alfa Forex
Can you trade metals with Alfa Forex?
Yes, you can trade metals with Alfa Forex
Can you trade UK Shares with Alfa Forex?
Yes, you can trade UK shares with Alfa Forex
Can you trade US Shares with Alfa Forex?
No, unfortunately you cannot trade US shares with Alfa Forex
Can you trade Japanese Shares with Alfa Forex?
No, unfortunately you cannot trade Japanese shares with Alfa Forex
Can you trade German Shares with Alfa Forex?
No, unfortunately you cannot trade German shares with Alfa Forex
Does Alfa Forex accept bank transfers?
Yes, Alfa Forex accepts bank transfers for depositing money.
Does Alfa Forex accept credit cards?
Yes, Alfa Forex accepts credit cards for depositing money.
Does Alfa Forex accept PayPal?
No, Alfa Forex does not accept PayPal.
Does Alfa Forex accept Skrill?
No, Alfa Forex does not accept Skrill.
Does Alfa Forex accept Payoneer?
Yes, Alfa Forex accepts Payoneer for depositing money.
Payoneer, an American financial services company, offers online money transfer and digital payment services. It also provides working capital to customers.
Account holders can send and receive funds using an e-wallet, a virtual bank account number in a local currency or a re-loadable prepaid MasterCard debit card. The Payoneer debit card allows money to be used online or at point-of-sale with the Payoneer debit cards. This company is a specialist in cross-border B2B transactions. The company facilitates cross-border transactions in more than 200 countries and territories, as well as more than 150 local currencies. It also offers cross-border wire transfers, online payments and refillable debit cards services.
Companies like Airbnb, Amazon, Google and Upwork use Payoneer to send mass payouts around the world. It's also used by eCommerce platforms like Rakuten, Walmart, Wish.com, and freelance marketplaces like Fiverr, Envato, and works in conjunction with ad networks to link these companies with publishers based out of their headquartered countries.
In the content creation space, Payoneer works with Getty Images, iStock, Pond5, and others as well as in the freelance marketplace.
Payoneer has a customer care team with 320 employees who support 4 million customers in 70 languages, operating in 150 different currencies.
The company launched a service in October 2019 that allows small and medium-sized companies to send money anywhere in the world fast and cheaply.
Does Alfa Forex accept Neteller?
No, Alfa Forex does not accept Neteller.
Does Alfa Forex offer Live Chat customer support?
Yes, Alfa Forex offers customer support through live chat.
Does Alfa Forex offer phone customer support?
Yes, Alfa Forex offers customer support over the telephone.
Does Alfa Forex offer email customer support?
Yes, Alfa Forex offers customer support through email.
What languages can Alfa Forex communicate in?
Alfa Forex has the ability to communicate and support customers who speak: English, and Chinese
Does Alfa Forex have a wikipedia page?
No, Alfa Forex does not have an official wikipedia page.
Does Alfa Forex offer demo accounts?
Yes, Alfa Forex offers virtual portfolio accounts so you can test your trading strategies before risking any real capital. Newbie traders can open a demo account in order to become better acquainted with the aspects of Forex trading and test out some of the features before risking a live account.
Compare Alfa Forex To All Our Other Brokers