Alfa Forex Review 2020

Alfa Forex Rated 3/5
learn more Learn more about eToro. 75% of retail investor accounts lose money when trading CFDs with this provider.
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Alfa Forex Guide - Read our In Depth Alfa Forex Review

This Alfa Forex review was written by industry experts with over 20 years of financial experience in Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing.

Alfa Forex are an online broker founded in 2011 offering Forex trading trading, CFD trading trading, Spread Betting trading, Social trading trading, and Share Dealing trading.

Alfa Forex are a global broker and have a head office in Cyprus.

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of Alfa Forex we breakdown the pros and cons. What Alfa Forex are able to offer, what countries Alfa Forex are available in. Who Alfa Forex are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

Benefits of trading with Alfa Forex

Open Alfa Forex's Website

Your capital is at risk

At the bottom of this review you can also learn about some pretty good alternatives to Alfa Forex

With this Alfa Forex review we hope to help you see if Alfa Forex is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding Alfa Forex that will help you get off to a good start in the world of online trading.

Alfa Forex Review Table of Contents

Alfa Forex review
What you should know

Alfa Forex offer five ways to trade: Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing.

With Alfa Forex you will need a minimum deposit of $0. You can sign up for a demo account to acquaint yourself with Alfa Forex platform.

Alfa Forex are able to accommodate various levels of traders whether you are experienced or a beginner.


Alfa Forex review
Are Alfa Forex safe?

When choosing a broker like Alfa Forex the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 2011, and in operation for 9 years Alfa Forex have a head office in Cyprus.

Alfa Forex is regulated. This means Alfa Forex are supervised by and is checked for conduct by the Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Alfa Forex, this will be honored. If Alfa Forex violate any regulatory rules their regulated status could be stripped.

Any payments funded to Alfa Forex accounts by traders are held in a segregated bank account.

For added security Alfa Forex use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Try creating two accounts when you are working with Alfa Forex. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit Alfa Forex

Your capital is at risk

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

How Alfa Forex as a Company Compare Against Other Brokers

Broker alfaforex eToro IC Markets Trading212
Year Established 2011 2006 2007 2006
Head Office Cyprus Cyprus, UK Australia UK
Regulation Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), Financial Supervision Commission (FSC)
Used By 10,000+ 12,000,000+ 60,000+ 14,000,000+
Negative balance protection Yes Yes Yes
Guaranteed Stop Loss No No Yes
Learn More Visit Alfa Forex Visit eToro Visit IC Markets Visit Trading 212
Risk Warning Your capital is at risk 75% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Alfa Forex review
Alfa Forex Pros and Cons

What we like about Alfa Forex

  • Used by over 10,000 traders
  • Established in 2011
  • Regulated by Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA)
  • Min. deposit from $0

What we don't like about Alfa Forex

Alfa Forex review
Alfa Forex Regulation and Licensing in more detail

We have checked and Alfa Forex is regulated and supervised by reputable organisations. You are able to check every Alfa Forex supervisory and regulatory body given below. Regulation gives you some recourse for those who have issues with Alfa Forex. Regulatory authorities protect the traders with things like reimbursement schemes that regain the client's investment in the event the broker becomes insolvent.

The brokerage firms have to comply with a variety of rules and criteria determined by the recognized international authority with the intention to provide secure trading and stay licensed. The whole notion of regulation is to protect Alfa Forex traders and provide a safe trading environment.

Alfa Forex is governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the behavior of the brokers and if things go wrong they will take necessary action. Before trading online with a broker such as Alfa Forex you should be sure they're legitimate online agent.

Alfa Forex review
Alfa Forex Fees Explained

  • Alfa Forex withdrawal fees varies on payment method
  • Alfa Forex does charge a fee for inactive accounts.
  • Alfa Forex does charge deposit fees.

Brokers offer state of the art online trading platforms, mobile trading apps, financial research tools and educational resources. For a brokerage to maintain these services and earn revenue as a company, brokers may charge clients various fees.

How Alfa Forex Fees Compare Against Other Brokers

Broker alfaforex eToro IC Markets Trading212
Min Deposit 0 200 200 1
Withdrawal Fees varies Yes No No
Inactivity Fees Yes No No
Deposit Fees No Varies No
CFD Commission Fees No Yes No

Alfa Forex review
Alfa Forex Minimum Deposit

Alfa Forex do not require a minimum desposit when opening a Alfa Forex trading account.

Brokers that offer lower minimum deposits are generally geared towards a more mainstream audience that do not require some of the more advanced features and research tools.

Brokers that do not charge minimum deposits do so usually to attract new customers. They have to make some way, so transaction commissions and other fees may be higher with a low minimum deposit account.

Brokers that require a larger minimum deposit amount usually offer a greater range of trading features on their platforms. These brokers often have more in depth technical analysis and research tools and better risk management features.

As more and more online trading platforms have entered the market, minimum deposit requirements to open a live trading account have gone down as an increasing number of brokers compete for new clients.

Depending on the type of trading account you opt for some brokers require a minimum deposit as high as 6500 GBP/USD. Some brokers can go as high as 10,000 GBP/USD.

Alfa Forex review
Alfa Forex Withdrawal Fees

Alfa Forex withdrawal fees vary depending on your selected withdrawal payment method.

Each broker has their own specific withdrawal rules on how your funds can be withdrawn from your trading accounts.

This is because each brokerage firm will have different withdrawal methods and each payment provider may have differing transfer processing fees and processing times.

Alfa Forex for example allow you to withdraw your funds to a UnionPay account, and a bank account via a wire transfer.

Alfa Forex review
Alfa Forex Inactivity Fees

Alfa Forex does charge a fee for inactive accounts.

An account inactivity fee is a fee charged to the registered brokerage client.

Brokers may have certain trading activity requirements that under the terms and conditions of the accounts, clients may have to fulfill.

If a clients trading account dues not have any buying and selling over a period of time as dictated by the broker an inactivity fee may be due.

Inactivity fees are not specific to online trading accounts. Many financial service companies may charge inactivity fees. Please check on the brokers website and make sure you are aware of and are happy with all the services and fees you may be charged.

If you are no longer using your trading account close it with the brokers customer support. And make sure you have a confirmation that any remaining fees are not due.

Depending on the type of account you have signed up for you can only be charged an inactivity fee under certain circumstances. As part of a brokers regulation they are required to clearly disclose any inactivity fees.

Some brokerage firms may charge inactivity fees as compensation for maintaining your account on their expensive trading platforms, in an attempt to claw back revenue for the lack of commission fees from your trading.

Alfa Forex review
Alfa Forex Desposit Fees

Alfa Forex does charge deposit fees.

Some brokers may charge a fee when you deposit funds from your payment method to your trading account. This is because the payment method which you use to fund your account may accrue a fee. The fee may be a fixed fee when you deposit a specific fiat currency to your account. For example fees are known to be high when depositing funds from a credit card. This is if your broker accepts funding your account via a credit card.

Alfa Forex review
Alfa Forex Commission Fees

Alfa Forex does charge commission on CFD instruments.

A broker may charge a commission fee as a service charge for facilitating the buying and selling of financial assets through your trading account.

A brokerage may make most of their revenue from charging registered traders a commission fee on client transactions.

Commission fees can differ depending on the trading type, financial asset type and what level of trading account you have.

Broker commissions are charged if the brokerage fulfills an order, cancels an order or modifies and order on your behalf.

If a market order is not fulfilled by your brokerage usually no commission is charged.

Be aware that if your order is modified or canceled, your brokerage may charge a commission fee.

Alfa Forex review
What can you trade with Alfa Forex?

Be aware that Different entities under Alfa Forex Brand offer different trading instruments due to regulatory restrictions. Trading instruments offered may differ based on the country of residence of the Client.

You can trade a wide variety of instruments with Alfa Forex over 30 instruments infact.

If you are looking at trading currency pairs Alfa Forex offer over currency pairs.

Compare Alfa Forex with eToro and IC Markets below.

Your capital is at risk

How Alfa Forex Trading Options Compare Against Other Brokers

Broker alfaforex eToro IC Markets Trading212
Instruments Available 30 100 232 3000
Platforms MT4  Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac Web Trader, Tablet & Mobile apps
FX / Currencies        
Forex pairs offered 50 65 177
Major Forex pairs Yes Yes Yes Yes
Minor Forex pairs Yes Yes Yes Yes
Exotic Forex pairs Yes Yes Yes Yes
Cryptocurrencies No Yes Yes Yes
Commodity CFDs        
Commodities Offered 0 0 19 14
Metals Yes Yes Yes Yes
Energies Yes Yes Yes Yes
Agricultural Yes Yes Yes Yes
Indiced & Stock CFDs        
Stocks Offered 957 100 1731
UK Shares Yes Yes No Yes
US Shares No Yes Yes Yes
German Shares No Yes Yes Yes
Japanese Shares No Yes Yes Yes
Risk Warning Visit Alfa Forex
Your capital is at risk
Visit eToro
75% of retail investor accounts lose money when trading CFDs with this provider.
Visit IC Markets
Losses can exceed deposits
Visit Trading 212
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Alfa Forex review
Trading on Alfa Forex web platforms and other applications

Alfa Forex offer the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers.

Alfa Forex also offer mobile apps, for Android and iOS making it easier to keep an eye on and execute your trades while you’re on the move.

See Alfa Forex's platforms

Alfa Forex Trading benefits :

  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit

Alfa Forex Trading Accounts Offered :

  • Demo account
  • ECN account
  • STP account
  • Islamic account

Can I try Alfa Forex before I buy?

Alfa Forex offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

Your capital is at risk

Alfa Forex withdrawal and funding methods.

Please note that the list of payment methods below depend on the Alfa Forex Entity and the Clients Country of Residence.

Alfa Forex offer the below funding payment methods. learn more about Alfa Forex

  • Credit cards
  • Bank Transfer
  • UnionPay
Broker alfaforex eToro IC Markets Trading212
Bank transfer Yes Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal No Yes Yes Yes
Skrill No Yes Yes Yes
Payoneer No No No No
Neteller No Yes Yes No

How can I start trading with Alfa Forex?

When opening a trading account with Alfa Forex, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Alfa Forex trading platforms here.

Your capital is at risk

Performing trades with Alfa Forex

Alfa Forex allow you to execute a minimum of trade of $ 1. This may vary depending on the account you open. Alfa Forex allow you to execute a maxium trade of varies. As Alfa Forex offer ECN and STP execution, you can expect very tight spreads with more transparency over the price you‘re paying to execute your trades.

As with most brokers, margin requirements do vary depending on the instruments.

Alfa Forex Leverage and Alfa Forex CFDs Explained

let's take a look at some of the basics of using Alfa Forex leverage.

Alfa Forex offer CFD are a leveraged product for this example we describe ten times leverage.

So you have a ten thousand dollar position but you only tie up a thousand dollars a tenth of the value on your account. You have a situation where a small sum of money is controlling a much bigger financial position. This is your leverage.

So what effect does leverage have on your profits and losses well put simply it magnifies them in both directions.

Alfa Forex leverage magnifies both profits and losses when trading.

Let's say for example you buy ten thousand dollars worth of General Electric (GE) using contracts for difference ( CFDs ) using the Alfa Forex trading platform.

let's say General Electric (GE) rises 10% because its results are positive your position which was worth ten thousand dollars is now worth $11,000.

It's grown by $1000 10% in value this represents a hundred percent increase on the funds initially committed on your leverage CFD trade.

Our initital investment of ten thousand dollars for the trade and has made a thousand dollars in profit because the price is up ten percent.

The Alfa Forex leverage goes both ways. If General Electric (GE) Falls 10% on week results your position which was worth ten thousand dollars is now worth only nine thousand dollars. It has fallen by a thousand dollars.

Alfa Forex CFDs are typically used for short to medium term trades. For example Alfa Forex intraday trading.

Education resources at Alfa Forex

To trade effectively with Alfa Forex, it's important to get a have a good understanding of the Alfa Forex trading tools and the markets.

Alfa Forex offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with Alfa Forex.

Take time to look around the Alfa Forex platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Customer Support at Alfa Forex

Alfa Forex support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian

Alfa Forex have a D grade support rating because because sometimes the response was slow or our query wasnt answered. Alfa Forex less customer support features compared to other brokers like live chat, phone and email support. email support and supports a limited amount of Languages. Live chat support supports a limited amount of Languages. Phone support supports a limited amount of Languages.

Livechat Support at Alfa Forex

We tested the Alfa Forex live chat and it works well. We sent messages to Alfa Forex livechat through their app and website and recieved a response within 20 minutes. Sometimes there was no response.

We tested communicating with Alfa Forex support in multiple languages in multiple countries. Alfa Forex where able to resolve our customer issues.

Email Support at Alfa Forex

We sent several emails to Alfa Forex and answer times overall were excellent. The fastest response from Alfa Forex was 4 hours and the slowest response was 5 days. Sometimes there was no response. Support response times may vary for you with Alfa Forex, but this was our experience sending 10 emails at varying times.

The team resolved and answered our queries. Overall average email support from Alfa Forex.

Phone Support at Alfa Forex

We called Alfa Forex and the call was answered very quickly. The call was answered in less than 5-10 minutes.

The Alfa Forex phone support team were able to successfuly answer our questions and issues over the phone. We tested the multilingual Alfa Forex team by calling in varying languages. Alfa Forex made an effort to make sure our queries were answered.

Overall the phone support from Alfa Forex was okay.

See how Alfa Forex Support Compares Against Other Brokers

Broker alfaforex eToro IC Markets Trading212
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian English, German, Spanish, French, and Italian English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, РУССКИЙ, Romana, Turkce, العربية, 中文
Learn More Visit Alfa Forex Visit eToro Visit IC Markets Visit Trading 212
Risk Warning Your capital is at risk 75% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

What you will need to open an account with Alfa Forex

As Alfa Forex is regulated by Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA), every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

Be aware Please kindly note that the expiration date of Proof of address document for different entities under Alfa Forex Brand may be different.

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 3 minutes or so to complete the account opening process.

While you might be able to explore Alfa Forex's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with Alfa Forex you can visit the Alfa Forex trading platform here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://alfaforex.com/ on 12th August 2018.

Alfa Forex review
Is Alfa Forex A Good Broker?

We spent over 3 months examining Alfa Forex in depth. Although we found some very useful aspects of the Alfa Forex platform that would be useful to some traders. Overall our feeling is that you would be better served with an alternative Alfa Forex broker.

  • Alfa Forex have a good track record of offering Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing.
  • Alfa Forex has a history of over 9 years.
  • Alfa Forex has a reasonable sized customer support of at least 10.
  • Alfa Forex are regulated by Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA). This means Alfa Forex fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
  • Alfa Forex have regulation from a Tier 1 reputable country.
  • Alfa Forex has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
  • Alfa Forex have an international presence in multiple countries. This includes local Alfa Forex seminars and training.
  • Alfa Forex are able to hire people from various locations in the world who can better communicate in your local language.

Alfa Forex Risk Disclaimer

Your capital is at risk

Alfa Forex review
Alfa Forex not quite right?

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

Click here to view the best Alfa Forex Alternatives

We have spent years researching the best alternatives to Alfa Forex. Click the links below to learn more.

If you feel some of the above Alfa Forex are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of Alfa Forex alternatives below.

Alfa Forex review
Related Alfa Forex Vs Comparisons

We have covered allot in this Alfa Forex review, If you want to see how Alfa Forex compares side by side with other brokers check out our Alfa Forex Vs pages.

If you would like to see how Alfa Forex stands up against other brokers you can read some of our Alfa Forex comparisons below. We compare side by side some of our top rated Alfa Forex versus comparisons. Read our indepth Alfa Forex VS pages below.

Alfa Forex review
ALFA FOREX Frequently Asked Questions

Can I try Alfa Forex before I buy?

Alfa Forex offer a demo account so you can try the Alfa Forex platform before you put down a payment. Learn more here

What funding methods do Alfa Forex accept?

Please note that the list of payment methods below depend on the Alfa Forex Entity and the Clients Country of Residence.

Alfa Forex offer the following funding payment methods accept Credit cards, Bank Transfers, Wire Transfer, among other payment methods.
Learn more here

Your capital is at risk

Is Alfa Forex safe?

Alfa Forex are considered safe as they are regulated by and checked for conduct by the Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA). Any payments funded to Alfa Forex accounts by traders are held in a segregated bank account. For added security Alfa Forex use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Is Alfa Forex trading good?

Alfa Forex is considered good and reputable to trade with. Alfa ForexAlfa Forex is used by over Alfa Forex active traders. Alfa Forex offers Forex trading trading, CFD trading trading, Spread Betting trading, Social trading trading, and Share Dealing trading. Minimum deposit with Alfa Forex is 0.

Is Alfa Forex trading Legit?

Alfa Forex was founded in Cyprus in 2011. Alfa Forex has been facilitating trade on the financial markets for over 9 years. Alfa Forex offers clients Forex trading trading, CFD trading trading, Spread Betting trading, Social trading trading, and Share Dealing trading. All funds deposited to Alfa Forex are held in segregated tier 1 bank accounts for security. Alfa Forex is regulated by Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) so can be considered legit.

Is Alfa Forex a good broker?

Alfa Forex is overseen by the top tier financial regulators Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) so can be considered a good broker. Alfa Forex allows Forex trading trading, CFD trading trading, Spread Betting trading, Social trading trading, and Share Dealing trading.

Is Alfa Forex trustworthy broker?

Alfa Forex can be considered trustworthy. All money funded to Alfa Forex is placed into a segregated tier 1 bank account. this means your money in not held by Alfa Forex directly but a tier 1 bank. The broker has no direct access to your funds so cannot misappropriate your money. Also Alfa Forex is regulated by Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA).

What is the minimum deposit for Alfa Forex?

The minimum deposit to trade with Alfa Forex is 0.

How long do Alfa Forex withdrawals take?

Withdrawing money from Alfa Forex processing time varies but averages 2-5 days.

Is Alfa Forex regulated?

Alfa Forex is regulated by Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA).

Is Alfa Forex a market maker?

Alfa Forex is a market maker. Stocks, currency and other commodities and instruments will be purchased by Alfa Forex even if no buyer is lined up.

How can I start trading with Alfa Forex?

When opening a trading account with Alfa Forex, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Alfa Forex trading platforms here.

Is my money safe with Alfa Forex?

Alfa Forex is regulated by Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA). One of the most important criteria for traders when choosing a broker like Alfa Forex is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Alfa Forex, this will be honored. If they violate any regulatory rules their regulated status can be stripped.

Is Alfa Forex a con?

Alfa Forex is regulated and well established having been in business for over 9 years. Alfa Forex is definitely not a con.

Can you make money with Alfa Forex?

Although traders have had great success with Alfa Forex. Trading on the financial markets with Alfa Forex is not a get rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase. Never trade with money you cannot afford to lose. Your capital is at risk.

Does Alfa Forex have fees?

Alfa Forex withdrawal fees varies on payment method. Alfa Forex does charge a fee for inactive accounts. Alfa Forex does charge deposit fees.

When was Alfa Forex founded?

Alfa Forex was founded in 2011.

How many people use Alfa Forex?

Alfa Forex is used by over 10000 registered traders.

What is Alfa Forex Headquarters country?

Alfa Forex has its head quarters office in Cyprus.

Does Alfa Forex offer negative balance protection?

Alfa Forex does not offer negative balance protection. With Negative balance protection means traders cannot lose more money than they have deposited.

Does Alfa Forex offer guaranteed stop loss?

Alfa Forex does not offer guaranteed stop loss. With guaranteed stop loss protection risk is managed. Traders are guarenteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

Does Alfa Forex allow scalping?

Alfa Forex offers scalping.

Does Alfa Forex allow hedging?

Alfa Forex offers hedging.

Does Alfa Forex offer CFD trading?

Alfa Forex offers CFD trading.

Does Alfa Forex offer STP?

Alfa Forex offers STP trading.

How many people use Alfa Forex?

Alfa Forex is used by over 10000 traders.

Is Alfa Forex an ECN broker?

Alfa Forex offers ECN trading.

Does Alfa Forex offer a demo account?

Alfa Forex offers a demo account.

Does Alfa Forex offer an Islamic account?

Alfa Forex offers a Islamic accounts.

What are the funding methods for Alfa Forex?

Alfa Forex accept the following funding methods : Credit cards, UnionPay, Bank Transfer.

Alfa Forex review written by Andrew Blumer and Mark Hansen

We hope you found our review of the Alfa Forex brokerage firm useful.

This article was written by our financial editor Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD's, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

Alfa Forex review written by Mark Hansen of Comparebrokers.co