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Alfa Forex Guide – Read our In-Depth Alfa Forex Review

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 US users.

This Alfa Forex review contains the latest information about Alfa Forex.

If you're a new entrant in the world of trading and broker, so many details will be confusing for you. Getting into the world of trading demands expert analyzing skills and thorough knowledge. You will acquire proficient at all the concepts of brokerage as you continue trading. For starters, you need to choose the right agent who'll be clear with you constantly.

Within this fast-paced world of stock markets and trading, you will need guidance to make correct decisions. A professionally direct investment program will generate hefty returns. Alfa Forex is one such platform that will take you along with your investment to great heights. It's crucial to understand all about Alfa Forex before you trust them with your cash.

Alfa Forex review

Our full Alfa Forex Review covers all you will need to know about trading with Alfa Forex. A fantastic broker can multiply your first investments and provide you positive profits. If you would like to earn profits, you must trade with a broker service that contrasts with your investing objectives.

There is no sure-fire method to ensure profits; thus, you must carefully analyze your agent before you choose them. It is a frequent misconception that all brokers are the same, but that's not correct. Wrong judgment, in the beginning, can put your investments at risk.

Alfa Forex is a broker that has found its way successfully into the brokerage world. In this review, we have tried to collate a number of the important 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 tried to breakdown all the features and fees for your convenience.

Alfa Forex Review, Table Of Contents

Who are Alfa Forex?

Alfa Forex is a forex broker headquartered in Cyprus and provides a variety of tools 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 includes a highly competitive and full-featured trading website that is focused on currency, indices, metals, sharesand commodities.

Over the past 10 years, Alfa Forex has grown into one of the leading online brokers.

After establishing in 2011, their consumer base is becoming as big as 10,000+ clients.

Alfa Forex is the favorite for many dealers.. Our Alfa Forex review discovered that they're an excellent choice for automated trading options. It's most appropriate for investors who are looking for a variety of assets. Social and automated trading options are the core at Alfa Forex.

Technology plays a substantial role in Alfa Forex. Alfa Forex offers trading on MT4. Alfa Forex is honest, transparent, and also a well-regulated broker 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 department at Alfa Forex is very enlightening 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 almost any well-diversified approach to trading.

Benefits of trading with Alfa Forex?

Trading with Alfa Forex comes with numerous benefits. These advantages are what sets Alfa Forex ahead of the rest of the online agents. You need to check all of the advantages listed so you have a better comprehension of Alfa Forex.

The agent goes to great lengths to comprehend what traders need. Consequently, the support cost is low, fast, and convenient. The broker also gives a number of platforms for all kinds of traders. Alfa Forex ensures that the individual needs of all online traders are completely met.

Alfa Forex also features excellent trading conditions which are available to just an elite group of institutional customers. The tight spreads and quick executions are a great benefit for the traders. The technology adopted by Alfa Forex is of the highest caliber, making sure that it's fast, reliable, and effective.

Alfa Forex admits the importance of owning a quick order execution. A fast execution enables users to exchange without worrying about slippage safely. It is going to also aid the dealers to catch the maximum profitable opportunities.

Automated trading is another important facet of Alfa Forex. A new trader can learn from business experts using the automated trading option. The tight spread begins from as low as 0.0 pips, though they are offered for just razor accounts.

Alfa Forex has over 30 trading instruments to support all kinds of traders. These instruments are lively and convenient for both new and seasoned traders. The dealers can put aside all their concerns when trading with 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 wil find a lot of alternatives to Alfa Forex.

Everything you ought to know about trading with Alfa Forex

Alfa Forex is a dynamic platform that offers various procedures of online trading. These instruments cover the financial markets considerably. Most of the brokerage platforms provide fewer procedures than Alfa Forex

If you want to trade with Alfa Forex, you will require a minimum deposit of $0. This deposit is compulsory if you want to begin trading using Alfa Forex. This 2021 Alfa Forex review will guide you clearly about trading with them.

Alfa Forex is as versatile as another broker platform. Alfa Forex is ideal for traders who want a manageable array of low-cost services. The platforms provided by Alfa Forex are third party, white-label offerings. All traders can choose out of 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 open. The brokers provide premium client service which rewards clients with advantages.

Many unprofessional brokers attempt to pressurise consumers into larger financing for premium services. Alfa Forex, on the other hand, is more concentrated on trading volume. Traders can expect trading conditions to be fair, honest and transparent. The more lots traded by the user, the greater benefits will come along.

Alfa Forex accounts are available globally and provides quality service everywhere they have customers. There are a few countries where Alfa Forex accounts are not available. Traders in the following countries cannot open or use a Alfa Forex account:

Is Alfa Forex Safe To Trade With?

Launched in 2011, Alfa Forex has been in operation for 10 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 ensure that trading platforms have measures in place to maintain investor's assets procured. This means that Alfa Forex users don't need to be worried about their money as it's segregated and safely kept in established banks. SSL encryption secures every user's private information as well.

You can make use of an option for Two Factor Authentications (2FA) with Alfa Forex for heightened security. An SMS with the confirmation code will be sent to your mobile phone. You will be asked to enter this code to log in to your account.

Another concern with fiscal brokers with regards to safety may be manipulation of trading. This is highly disadvantageous to consumers on these platforms. Nonetheless, this is more widespread in the case of Market Maker agents who compete with users on the platform.

Pro's & Con's Of Trading With Alfa Forex

Every online trading platform has a few pros and cons 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 trusted by 10,000+ clients
  • Alfa Forex doesn't charge inactivity fees
  • Alfa Forex doesn't charge deposit fees
  • Alfa Forex doesn't charge CFD fees
  • 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

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 doesn't offer trading on cryptocurrencies

Alfa Forex Review - Compare Brokers Similar To Alfa Forex

Alfa Forex FxPro Alvexo Ally invest
Rating 4/5 4/5 4/5 4/5
Minimum Deposit $0 $100 $0 $500
Year Founded 2011 2006 1993 2013
Headquarters Cyprus UK Cyprus United States
Regulated By Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of The Bahamas (SCB), Dubai Financial Services Authority (DFSA) Australian Securities and Investment Commission (ASIC), licenced in Australia and Hong Kong for stockbroking and corporate finance activities Cyprus Securities and Exchange Commission (CySEC)
Clients 10,000+ 10,000+ 10,000+ 10,000+
Find Out More
Risk Warning Your capital is at risk Your capital is at risk Your capital is at risk 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 honest trading onto its platform. For data encryption functions, it supplies an industry-standard secure socket layer (SSL).

As per the company's privacy regulations, customer data is to not be shared with any other institutions or individuals. This includes credit history and other financial information.

Alfa Forex Review - Awards

    At the time of writing this Alfa Forex review, they had not received any awards.

Alfa Forex Review - Minimum Deposit Required

The minimum deposit you need to begin on Alfa Forex is $0. This is an adequate amount for people just beginning. You can create more advanced residue as you cooperate. However, ensure you know 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 fees than traditional brokerages tend to charge. The cause of this is that the companies of online brokerages are scaled better. That is, an internet broker is not necessarily affected by the amount of customers they have.

However, this doesn't mean that online brokers don't charge any fees. They charge fees of varying rates for a variety of services to make money. There are mainly three types of fees for this objective.

The first kind of charges to keep an eye out for are trading charges. When you make an actual trade, like purchasing a stock or an ETF, you are billed trading charges. In such cases, you are paying a spread, financing rate, or a commission. The kinds of trading fees and the prices vary from broker to broker.

Commissions can be fixed or dependent on the traded volume. On the other hand, a spread denotes the difference between the buying and selling price. Financing or overnight prices are those that are billed when you maintain a leveraged position for more than daily.

Apart from trading fees, online brokers also charge non-trading fees. These are determined by the actions you undertake in your accounts. They're billed for operations like depositing money, not trading for long periods, or withdrawals.

In general, Alfa Forex doesn't charge high fees in comparison to other online agents. For operations other brokers charge for, they either do not charge a broker fee, or they charge a lesser sum. This is beneficial for those who often exchange, such as weekly or daily trading.

But, non-trading fees billed by Alfa Forex are comparatively competitive. Consequently, you're charged more for non-trading actions on your trading accounts, such as withdrawal and deposits. These aren't about the sale and purchase of assets.

This Alfa Forex review breaks down each of the relevant non-trading charges for you in detail.

Compare broker fees against Alfa Forex

Alfa Forex FxPro Alvexo Ally invest
Minimum Deposit $0 $100 $0 $500
Withdrawal Fees variable No variable 250
Inactivity Fees Yes
Deposit Fees No
CFD Fees charge commissions on cTrader only

Alfa Forex Review - Withdrawal Fees Explained

Alfa Forex charges a withdrawal fee when you make a bank transfer. Every time you move money back into your bank account, these withdrawal charges become important.

Withdrawal of cash is possible at any moment from your Alfa Forex account. You can draw sums up to the sum of your account balance, keeping aside the perimeter used. One thing to keep in mind is that you don't always need to have any cash in your accounts.

Moreover, the withdrawn money will be transferred directly to the accounts you use to make deposits. Thus, if you used a credit card for deposits, the withdrawn cash will be sent to the card. Alfa Forex will ask you to offer other withdrawal methods in case your details have changed since your deposit.

There is a minimum withdrawal amount. In the event you are withdrawing money in various currencies from USD, a conversion fee is also important. The conversion fee will be dependent on the currency you're opting to withdraw in.

Alfa Forex Review - Inactivity Fees Explained

Understanding whether you will be charged inactivity fees is one of the buzzing questions which run through your mind while open an account with Alfa Forex. An inactivity fee is an amount charged to registered traders who haven't engaged in buying or selling for some time. The period considered inactive is decided by the agent.

The inactivity fee also differs from one broker to another and is not standardized. If a dealers account does not have a purchasing or selling trade, it's maintained by the agent as an inactivity charge. The traders have to pay this fee under conditions and terms that they had consented while enrolling.

Alfa Forex doesn't charge inactivity fees so you are free to pop in and out of your account as needed

Even if no charges have been indicated by Alfa Forex, it is better that you close the account if you're inactive. Inactivity fees are not just charged by brokerage companies but also many financial services.

For other trading platforms, the inactivity fee is contingent on the sort of account you have chosen. The inactivity fee is subjected to many conditions and needs to be disclosed clearly by the agent beforehand.

Alfa Forex Review - Deposit Fees Explained

When you transfer money into your trading account by the bank account, a deposit fee can be billed by the broker. Most brokers don't 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 simple. You simply have to complete a single-user profile questionnaire to start depositing money into your trading account. You will need to give an identity proof and evidence of residency to deposit large sums.

Alfa Forex Review - Compare Broker Deposit Methods

Alfa Forex FxPro Alvexo Ally invest
Minimum Deposit $0 $100 $0 $500
Credit Card Yes
PayPal Yes
Neteller Yes
Skrill Yes
Payoneer No

What Can You trade With Alfa Forex?

Note: Alfa Forex offers many 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 forex pairs.

Compare Alfa Forex, FxPro, Alvexo & Ally invest below.

Alfa Forex FxPro Alvexo Ally invest
Platforms MT4 MT4, MT5, cTrader, Tablet & Mobile apps Desktop, Android, iPhone, Mac
Instruments Available 30 250 34 32
Forex & Crypto
Forex Pairs Available 70
Offers Major Forex Pairs? Yes Yes Yes yes
Offers Minor Forex Pairs? Yes Yes No yes
Offers Exotic Forex Pairs? Yes Yes Yes Yes
Offers Cryptocurrencies? No Yes Yes NO
Commodity CFD's
Commodities Offered 0 10 0 0
Trade Metals? Yes Yes Yes Yes
Trade Energies? Yes Yes Yes Yes
Trade Agricultural? Yes Yes Yes Yes
Indiced & Stock CFDs
Stocks Offered 10 0 0
Trade UK Shares? Yes Yes Yes Yes
Trade US Shares? No Yes Yes NO
Trade German Shares? No Yes No No
Trade Japanese Shares? No Yes No NO


Your capital is at risk


Your capital is at risk


Your capital is at risk


Your capital is at risk

Alternatives To Alfa Forex

If, after reading this Alfa Forex review, Alfa Forex does not meet your needs check out these Alfa Forex alternatives.

We've scoured the internet to find the best alternatives to Alfa Forex. Click the links below to find out 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 provides 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 register to get a demo account on Alfa Forex, you may set out using a decent amount of virtual money. It's to establish a feeling of safety and confidence in you before you choose to invest your own money.

With this virtual Alfa Forexdemo account, you are able to experiment in any way, to whatever length you desire. You might even start positions, examine different trading strategies, and more.

Alfa Forex specifies on its official site that you can exchange real time stocks in a demo account.

Is Alfa Forex safe?

It is possible to drop all of your worries because we believe that Alfa Forex is totally safe to use. It's in compliance with 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 acocunt with Alfa Forex is $0. You should have a good hold over 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 a number of methods to fund 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 ranging 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 place. The currencies Alfa Forex

Is my money safe with Alfa Forex?

Yes, your money is safe and secure with Alfa Forex. As you know, Alfa Forex works with proper conformation to. It has established lots of measures to guard all of its own investors.

Alfa Forex protects 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 safeguard your account, it is possible to enable Two-Step Verification as well. It requires an SMS affirmation that you get your account.

Is Alfa Forex trading good?

Yes, trading through Alfa Forex is a nice and good experience indeed. It is a great and intuitive platform with helpful features for your simplicity. In addition, you could even gain access to a vast selection of educational tools and assistive substance to kickstart your trading expertise.

If you are still skeptical, you can start a eToro demo account and assess the trustworthiness of the platform for yourself.

Which Countries does Alfa Forex support?

Alfa Forex operates across the world. However, due to regulations there are some countries that Alfa Forex can't accept clients from

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 an excellent broker, and its users may vouch for this. The highlight of this platform is its quick order execution on transactions.

You will discover the clean design of the platform and the commendable features 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 currently among the industry leaders. It supports over 10,000+ registered users and over 10 years of expertise on its own record. They are among the world's leading trading platforms and also a prominent figure in the Fintech revolution.

It majorly owes this standing to its incredible platform and wide selection of tools plus resources so that you can put money into 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 money. However, on average, through consistent trading, you also can create between 2% - 10% profit a month.

This may seem like a small number, but within the year, this adds to a substantial number of gains. Even though Alfa Forex provide you all the tools to earn money, they can't guarantee that you will profit.

Does Alfa Forex have fees?

Yes. To start trading with Alfa Forex, you have to deposit $0. Particular commissions while trading additionally applies. Any processing fees from your bank will have 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 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 does not offer negative balance protection. If your balance is negative, Alfa Forex indicates you contact client services. For this, you can correct any imbalances in your account.

Does Alfa Forex offer guaranteed stop loss?

Alfa Forex unfortunately, doesn't offer guaranteed stop loss. Alfa Forex provides an opportunity to its dealers to close their trade at their given price. Aside from this, Alfa Forex does not provide guaranteed stop loss.

Does Alfa Forex allow scalping?

Yes, Alfa Forex do allow scalping. Many traders throughout the world choose Alfa Forex due to their scalping services. 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?

Yes, you can trade German shares with Alfa Forex

Does Alfa Forex accept bank transfers?

No, Alfa Forex does not accept bank transfers.

Does Alfa Forex accept credit cards?

No, Alfa Forex does not accept credit cards.

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?

No, Alfa Forex does not accept Payoneer.

Does Alfa Forex accept Neteller?

No, Alfa Forex does not accept Neteller.

Does Alfa Forex offer Live Chat customer support?

No, Alfa Forex does not offer customer support through live chat.

Does Alfa Forex offer phone customer support?

No, Alfa Forex does not offer customer support over the telephone.

Does Alfa Forex offer email customer support?

No, Alfa Forex does not offer customer support through email.

What languages can Alfa Forex communicate in?

Alfa Forex has the ability to communicate and support customers who speak:

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 learn their systems before risking any real money.