Alfa Forex Guide – Read our In-Depth Alfa Forex Review
Alfa Forex Rating: 4.63 / 10
Our proprietary rating algorithm takes all of our 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.
This Alfa Forex review has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations, the content in this Alfa Forex review does not apply to users in BR, KR, IR, IQ, SY, JP, US
If you're a new entrant in the realm of trading and brokerage, so many facts will be perplexing for you. Getting into the area of trading demands expert analyzing skills and comprehensive knowledge. You'll get adept at all of the concepts of broker since you keep trading. For starters, you need to select the ideal broker who'll be transparent with you constantly.
Within this fast-paced world of stock markets and trading, you will need advice to make correct decisions. A professionally lead investment program will create hefty returns. Alfa Forex is just one such platform that will take you and your investment to great heights. It's crucial to know about Alfa Forex before you trust them with your money.
Alfa Forex Guide – Quick Overview
Alfa Forex Telephone Number:
Alfa Forex Email Address:
Alfa Forex Address:
Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA)
Number Of Clients:
10,000+ Alfa Forex users and traders
Alfa Forex LinkedIn:
Alfa Forex Facebook:
Alfa Forex Facebook Likes:
Alfa Forex Twitter:
Alfa Forex Twitter Followers:
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Alfa Forex Instagram Followers:
Alfa Forex Youtube:
Your capital is at risk
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|Regulated By:||Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA)|
|Number Of Clients:||10,000+ Alfa Forex users and traders|
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Your capital is at risk
Our entire Alfa Forex Review covers all you will need to learn about trading with Alfa Forex. A good broker can multiply your first investments and give you positive profits. If you want to make profits, you should trade with a brokerage service that aligns with your investing goals.
There is no sure-fire method to ensure profits; therefore, you must carefully analyze your broker before you choose them. It is a common misconception that all brokers are the same, but that is not correct. Wrong judgment, initially, can put your investments at risk.
Alfa Forex is a broker which has found its way successfully to the broker world. In this review, we've tried to collate some of the vital facets of Alfa Forex. This review will allow you to know whether Alfa Forex is a good fit for your investments or not. We've attempted to breakdown all of the qualities and fees for your advantage.
Alfa Forex Review, Table Of Contents
- Who are Alfa Forex?
- Benefits Of Trading With Alfa Forex
- Everything you should know about trading with Alfa Forex
- Is Alfa Forex Safe To Trade With?
- Alfa Forex Risk Disclaimer
- Pro's & Con's Of Trading With Alfa Forex
- Compare Brokers Similar To Alfa Forex
- Regulation And Licencing In More Detail
- Alfa Forex Awards
- Minimum Deposit Required For A Live Account With Alfa Forex
- Alfa Forex Commission And Fees Explained
- Compare broker fees against Alfa Forex
- Alfa Forex Withdrawal Fees Explained
- Alfa Forex Deposit Fees Explained
- Compare Broker Deposit Methods
- What Can You Trade With Alfa Forex?
- Alternatives To Alfa Forex
- Frequently Asked Questions About Alfa Forex
Who are Alfa Forex?
Alfa Forex is a forex broker headquartered in Cyprus and provides a range of instruments for online trading. Since its inception in 2011, Alfa Forex has emerged as a top-tier player in the field of online broker. Alfa Forex has a highly aggressive and full-featured trading site that is focused on currency, indices, metals, shares, commodities.
Over the past 10 years, Alfa Forex has grown into one of the leading online brokers.
After establishing in 2011, their client base is becoming as large as 10,000+ clients.
Alfa Forex is a favourite of many traders.. Our Alfa Forex review found that they are an excellent alternative for automated trading options. It is most appropriate for investors that are looking for an assortment of assets. Social and automated trading solutions are the core at Alfa Forex.
Technology plays a substantial role in Alfa Forex. Alfa Forex 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 variety of tools will be beneficial for the majority of traders. Third-party partnerships also supply in-house analysis.
The trader resource section at Alfa Forex is very insightful for new dealers as it allows them to get 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 method of online trading.
Alfa Forex Videos
If you feel that Alfa Forex is not right for you then at the bottom of this Alfa Forex review you wil find a lot of alternatives to Alfa Forex.
Everything you should know about trading with Alfa Forex
Alfa Forex is a dynamic platform that offers various techniques of trading online. These tools cover the monetary markets substantially. Most of the brokerage platforms provide fewer methods than Alfa Forex
If you would like to trade with Alfa Forex, you'll require a minimum deposit of $0. This deposit is mandatory if you want to begin trading with Alfa Forex. This 2021 Alfa Forex review will direct you easily about trading with them.
Alfa Forex is as versatile as any other broker platform. Alfa Forex is ideal for traders who want a manageable array of cheap services. The programs supplied by Alfa Forex are third party, white-label offerings. All traders can choose from MT4.
Together with everything, Alfa Forex has multiple benefits to new and verteran traders and should be investigated. There's absolutely no minimum time on which a transaction has to be kept available. The brokers offer premium client service that rewards clients with advantages.
Many less reputable brokers try to pressurise consumers into bigger financing for superior services. Alfa Forex, on the other hand, is more focused on trading volume. Dealers can expect trading conditions to be just, honest and transparent. The more lots traded by the consumer, the further advantages will become available.
Alfa Forex accounts are available globally and provides excellent service wherever they have clients. There are only a select few countries where Alfa Forex accounts are not available. Traders in the following countries cannot open or use a Alfa Forex account:
BR, KR, IR, IQ, SY, JP, US
Is Alfa Forex Safe To Trade With?
Established in 2011, Alfa Forex has been open for 10 years, they are headquarted in Cyprus.
Alfa Forex is regulated by Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA). These bodies have rules that ensure that trading platforms have measures in place to keep investor's assets procured. This usually means that Alfa Forex users do not need to be worried about their money as it's segregated and safely stored in banks that are established. SSL encryption simplifies each user's private information as well.
You can make use of a choice for Two Factor Authentications (2FA) with Alfa Forex for heightened security. An SMS with the confirmation code will be sent to a mobile phone. You'll be asked to enter this code to log into your account.
Another concern with fiscal brokers is in respect to safety may be manipulation of trading. This is highly disadvantageous to users on these platforms. Nonetheless, this is much more prevalent in the case of Market Maker brokers who compete with customers on the platform.
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 showing both sides. 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 trusted by 10,000+ clients
- Alfa Forex has low minimum deposit requirements
- Alfa Forex doesn't charge deposit fees
- Alfa Forex doesn't charge CFD fees
- Alfa Forex offers social trading
- Alfa Forex offers trailing stop
- Alfa Forex offer trading on MT4
- Alfa Forex offer 30 trading instruments
- Alfa Forex trades major forex pairs
- Alfa Forex trades minor forex pairs
- Alfa Forex trades exotic forex pairs
- Alfa Forex can communicate in English, and Chinese
Alfa Forex Con's
- Alfa Forex does not offer Negative Balance Protection
- Alfa Forex does not offer Guaranteed Stop Loss
- Alfa Forex charge withdrawal fees
- Alfa Forex charge inactivity fees
- Alfa Forex doesn't offer trading on cryptocurrencies
- Alfa Forex doesn't offer copy trading
Alfa Forex Review - Compare Brokers Similar To Alfa Forex
|Alfa Forex||Personal Capital||Hargreaves Lansdown||ads securities|
|Rating||4.63 / 10||4.23 / 10||4.51 / 10||4.8 / 10|
|Regulated By||Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA)||Unregulated||Financial Conduct Authority (FCA)||Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F219|
|Find Out More|
|Risk Warning||Your capital is at risk||Your capital is at risk||Losses can exceed deposits||Your capital is at risk|
Alfa Forex Review - 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 powerful collection of rules for ensuring fair trading on its own platform. For data encryption functions, it supplies an industry-standard secure socket layer (SSL).
As per the organization's privacy regulations, client information is never to be shared with any other institutions or individuals. This includes credit history and other financial details.
Alfa Forex Review - AwardsAt the time of writing this Alfa Forex review, and despite Alfa Forex’s impressive offering, the company has surprisingly not garnered any other awards to date.
Alfa Forex Trading Platforms
Alfa Forex are a professional trading platform that has been open for over 10 years. They offer a wide range of options in their user accounts.
In the following table we take the main parts of any good online trading platform and compare Alfa Forex with Personal Capital, Hargreaves Lansdown, and ads securities
Alfa Forex Review - Minimum Deposit Required
The minimum deposit you need to get started on Alfa Forex is $0. This is a decent amount for people just beginning. It's possible to create more complex residue as you cooperate. However, ensure you understand how to make the most of your cash before investing larger amounts.
Alfa Forex Review - Commission And Fees Explained
Alfa Forex is an online broker platform, and most online brokerages charge lower prices than traditional brokerages tend to bill. The reason for this is that the companies of online brokerages are scaled better. In other words, an internet broker isn't necessarily affected by the amount of clients they have.
However, this does not mean that online brokers don't charge any fees. They charge prices of varying rates for various services to make money. There are mainly 3 types of fees for this purpose.
The first sort of fees to keep an eye out for are trading fees. When you make an actual trade, like purchasing a stock or an ETF, you are billed trading charges. In such instances, you are paying a spread, funding rate, or a commission. The kinds of trading fees and the rates differ from broker to broker.
Commissions could be fixed or determined by the traded quantity. On the flip side, a spread denotes the difference between the buying and selling price. Financing or overnight prices are those that are charged when you maintain a leveraged position for longer than daily.
Aside from trading charges, online agents also bill non-trading fees. These are dependent on the activities you undertake on your account. They are charged for operations like depositing money, not investing for long periods, or withdrawals.
Generally, Alfa Forex doesn't charge high fees in comparison to other online brokers. For operations other agents fee for, they do not charge a broker fee, or they charge a lesser sum. This is beneficial for people who often exchange, such as daily or weekly trading.
However, non-trading fees charged by Alfa Forex are relatively higher. Consequently, you are billed more for non-trading actions in your trading account, such as withdrawal and deposits. These are not about the sale and purchase of assets.
This Alfa Forex review breaks down every one of the relevant non-trading fees for you in detail.
Compare broker fees against Alfa Forex
Alfa Forex Review - Withdrawal Fees Explained
Alfa Forex charges a withdrawal fee if you create a bank transfer. Each time you move money into your bank accounts, these withdrawal fees become applicable.
Withdrawal of cash is possible at any moment from your Alfa Forex account. It's possible to draw up sums to the amount of your account balance, keeping aside the margin utilized. One thing to keep in mind is that you don't necessarily need to have any money on your account.
Moreover, the withdrawn money will be moved directly to the accounts you use to make deposits. Thus, in the event that you used a credit card for deposits, the withdrawn cash will be sent to the card. Alfa Forex will ask you to provide other withdrawal methods if your details have changed since your deposit.
There is a minimum withdrawal amount. In the event you're withdrawing cash in various currencies from USD, a conversion fee is also applicable. The conversion fee will depend on the currency you're opting to withdraw in.
Alfa Forex Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is only one of those buzzing questions that run through your head while open an account with Alfa Forex. An inactivity fee is an amount charged to registered traders who haven't participated in buying or selling for some time. The period considered inactive is decided by the broker.
The inactivity fee also differs from 1 broker to another and isn't generalized. If a dealers account doesn't have a purchasing or selling transaction, it's maintained by the broker as an inactivity charge. The traders need to pay this fee under conditions and terms they had agreed while registering.
Alfa Forex charges an inactivity fee when you don't create any trades for a while.
Even if no charges are indicated by Alfa Forex, it is best for you to close the account if you are 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 have selected. The inactivity fee is exposed to many circumstances and needs to be disclosed clearly by the agent beforehand.
Alfa Forex Review - Deposit Fees Explained
When you move money into your trading account by your bank account, a deposit fee can be charged by the broker. Most brokers do not charge an excessive amount of money for this 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 just need to complete a single-user profile survey to start depositing money into your trading account. You will have to provide an identity proof and evidence of residency to deposit large sums.
Alfa Forex Review - Compare Broker Deposit Methods
What Can You Trade With Alfa Forex?
Note: Alfa Forex offers a lot of different trading instruments due to regulatory restrictions in some countries. Trading instruments offered can be different 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 forex pairs.
Compare Alfa Forex, Personal Capital, Hargreaves Lansdown & ads securities below.
Reviewing The Alfa Forex Mobile App
Note: Alfa Forex's mobile app has a lot of functions and is being developed all the time. The table below was accurate at the time of writing this Alfa Forex review.
Understand the capabilities of the mobile apps of Alfa Forex, Personal Capital, Hargreaves Lansdown & ads securities below.
Alternatives To Alfa Forex
If, after studying this Alfa Forex review, they do not quite fulfill your needs check out these Alfa Forex alternatives.
We have scoured the web to find the best alternatives to Alfa Forex. Click the links below to learn more.
Frequently Asked Questions about Alfa Forex
Can I try Alfa Forex before I buy?
Yes, you can most definitely try Alfa Forex before you buy. Alfa Forex offers demo accounts for the convenience of new traders. You can use this feature to build your faith in the machine and yourself and your trading strategies.
If you sign up to get a demonstration account on Alfa Forex, you will set out using a decent amount of virtual currency. It's to establish a sense of security and confidence in you before you decide to spend your own money.
With this virtual Alfa Forexdemo account, you can experiment at all, to whatever length you wish. You can also start positions, test different trading approaches, and more.
Alfa Forex specifies on its official website that you are able to trade real time stocks with your demo account.
Is Alfa Forex safe?
It is possible to drop all of your worries since we believe that Alfa Forex is totally safe to use. It's in compliance with all the rules of Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA).
Even so, Alfa Forex doesn't provide 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 withAlfa Forex is perhaps simple enough to be a cakewalk. 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.
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 the nuances of online trading before you set out and trade with real money.
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 multiple methods to finance your accounts with Alfa Forex. The process is effortless and quick, with various payment methods at your fingertips.
You can use debit or credit cards Which range from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal can be at your disposal for depositing money. You have to keep in mind that PayPal isn't available in every country. The currencies Alfa Forex
Is my money safe with Alfa Forex?
Yes, your money is safe and secure with Alfa Forex. As you already know, Alfa Forex operates with good conformation to. It's established lots of measures to guard all of its own investors.
Alfa Forex protects its customers' personal and sensitive data under SSL encryption. Your funds will be retained highly secure in top-tier banks.
If you want to further protect your account, it is possible to empower Two-Step Verification also. It takes an SMS affirmation for you to access your account.
Is Alfa Forex trading good?
Yes, trading via Alfa Forex is a nice and decent experience indeed. It's a great and intuitive platform with helpful features for your ease. In addition, you can even gain access to a vast selection of educational tools and assistive material to kickstart your trading expertise.
If you are still skeptical, you can start a eToro demo account and evaluate the trustworthiness of the platform for yourself.
Which Countries does Alfa Forex support?
Alfa Forex operates across the globe. However, due to regulations there are some countries that Alfa Forex cannot accept clients from BR, KR, IR, IQ, SY, JP, US
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 broker, and its own users can vouch for it. The highlight of the platform is its quick order execution on trades.
You will find the clean layout of this platform along with the commendable features that a pleasure 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 reaffirm their trustable 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 the withdrawal from Alfa Forex to show in your bank account.
Are 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 indisputably one of the business leaders. It has over 10,000+ registered customers and over 10 years of experience on its record. They're among the world's leading trading platforms and a dominant figure in the Fintech revolution.
It simplifies this standing to its incredible platform and wide range of tools plus resources so you may 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?
Through Alfa Forex, several traders earn a lot of money. But on average, through consistent trading, you also can make between 2% - 10% profit a month.
This may seem like a little number, but over the entire year, this adds to a significant number of gains. While Alfa Forex supply you all the tools to earn money, they can't guarantee that you will gain.
Does Alfa Forex have fees?
Yes. To begin trading using Alfa Forex, you need to deposit $0. Particular commissions while trading also applies. Any processing fees from your bank might 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 globally recognised agent with 10,000+ customers.
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 suggests that you contact customer services. For this, you are able to correct any imbalances in your own account.
Does Alfa Forex offer guaranteed stop loss?Alfa Forex unfortunately, doesn't offer guaranteed stop loss. Alfa Forex provides a chance for its traders to close their trade at their given price. Apart from that, Alfa Forex does not provide guaranteed stop loss.
Does Alfa Forex allow scalping?Yes, Alfa Forex do permit scalping. Many traders throughout the world select Alfa Forex due to their services that are trading. They offer trading on MT4 which let 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.
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 demo 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 signing up for a live account.