| General Information | |
|---|---|
| Broker Name: | Alfa-Forex |
| Broker Type: | Forex |
| Country: | Cyprus |
| Operating since year: | 2003 |
| Regulation: | CySEC (Cyprus), 025/04 |
| Address: | 5 Themistoklis Dervis, Elenion Building, 2nd Floor, 1066, Nicosia, Cyprus |
| Broker status: | Regulated |
| Customer Service | |
| Phone: | +357 22 470 969 |
| Email: | info@alfaforex.com |
| Languages: | Russian, English, Spanish, Armenian |
| Availability: | Monday to Friday: 08:00 - 23:00 (GMT+3) |
| Trading | |
| Trading Platforms: | ZuluTrade, MetaTrader 4 & MetaTrader 5 (Compatible with iOS and Android) and MetaTrader Web Terminal |
| Trading platform(s) timezone: | GMT+3 |
| Demo Account: | Yes |
| Mobile trading: | Yes |
| Web based trading: | Yes |
| Bonuses: | $50 no deposit welcome bonus for the year 2018 |
| Other trading instruments: | currencies, precious metals, and CFDs. |
| Account | |
| Minimum deposit ($) | $1 |
| Maximal leverage (1:?) | 1:100 |
| Spread | Variable |
| Scalping allowed | Yes |
| Platform Review | |
| Alfa Forex is one of the rarest yet best online brokerage firms around the world. The company offers MetaTrader4, MetaTrader5 and ZuluTrade as its trading platforms. These programs have their own strengths and weaknesses, giving their clients a great way on deciding which best trading platform to use. The best forex broker company also offers both platforms’ respective applications. Both MT4 and MT5 are available for download on both Mac and Windows devices. The applications are also downloadable through the iOs and Android platform. By using these platforms, a trader can get a graphical representation of the market movements through his or her brokerage account. These cutting-edge technologies can also be used to make market predictions with the advanced tools or indicators included in the program. Furthermore, each type of Alfa Forex’s trading account is designated with specific platforms. Standard Accounts can either opt for the MetaTrader4 or MetaTrader5. These platfforms support trading for instruments such as Forex, Gold and Silver and CFD with leverage that differ from one another. In addition for this Alfa Forex review, this online broker supports ZuluTraders. Evidently, these traders use a ZuluTrade, a software that provides mobile social and copy trading platforms. This platform can perform trades using Forex, Gold and Silver as its main instruments. This additional trading platform of Zulu Trade is very much deemed to be a truly helpful platform in existence. Some of its features are automated forex trading at 24 hours a day and the addition of thousands of strategies for automated trading. The Zulu Trade is also packing a full compatibility with MetaTrader4 and gives the user the access to a transparent rating of signals from traders. ZuluTrade also comes with an open environment feature in where traders can interact with their each other and share information that can potentially help them in their trades. The minimum deposit of this forex broker is at least $300 and will give clients a maximum leverage of 1:100. Scalping is also allowed in all of its platforms. Traders can skim all of the small yet consistent profits from a certain trading instrument. Moreover, traders who are new to the activity can ask for expert advisors. The platform can automate any trading activity analytically and technically processed. It is basically a robot that performs whatever the traders ask it too. It is one of the most basic features of MT4 and Alfa Forex’s robot that works flawlessly and productively, even for online stock trading. Beginners can also practice trading before fully entering the real market. The platforms are available for forex demo account where traders are presented with a simulated market environment. Here they can further hone their trading skills that they can apply or use in the future. This will also educate them further in knowing potential market changes and experiencing them will allow them to come up with an action plan once it becomes a reality. Lastly, AlfaForex also uses ACTTrader as one of its platforms. It is designed to create, test and run trading strategies as one of its features. The desktop software platform also comes with FXVoyager which provides more market controls and tools for analysis. |
|
| General Information about Alfa-Forex | |
| Alfa-Forex is a major global broker focused on clients from the European Union, Russia, and CIS. Our mission is to provide our customers fast and convenient access to financial markets. For more than 10 years, we have been a reliable partner and provide our private and institutional counterparties with a wide range of financial instruments and reliable IT solutions. The interests of our clients are protected by the European standards adopted by our local regulator CySEC (The Cyprus Securities and Exchange Commission). We are continuously developing new products and improving our existing financial product offering that allow you to trade with maximum comfort and efficiency. | |
Overall
4
-
Support
(4.5)
-
Platform
(3.5)
-
Spread
(4)
-
Trading Instrument
(4)
Safety is important
Safety is important for me as trader. And I gotta this broker met my expectations. Honestly, I have no any issues trading with this broker so far and I hope I would not encounter such in the future.
Did you find this review helpful? Yes No
Everything's fine with broker
I’ve been almost a year with this broker. although there are small slippages, they didn’t cause any problem for my trading. So far, everything’s fine with broker
Did you find this review helpful? Yes No
I admit that I was skeptical the first time I encountered this broker. But along the way, it proved me wrong and actually helped me a lot for my trading career.
Did you find this review helpful? Yes No
Not Recommended
This broker got me good at first, but very different from what they said they would be. I would not recommend this broker to anyone. I am happy with my new Broker now.
Did you find this review helpful? Yes No
Bad Experience with this Alfa Forex
After doing really well with the demo account I opened a live account and lost all my money. After loosing everything, it suddenly becomes difficult to contact the broker even their customer service.
Not an honest company, bad experiences at every turn.Stay away from this scammers or you will lose a fortune.
Did you find this review helpful? Yes No
This is a perfect scam scheme
I was ask to first give it a try with their Demo account to see potential profit I could get which I tried. Then I was lured to open a live account and they’ve made me deposit for more. When the broker had enough money from me, I lost everything…
Did you find this review helpful? Yes No
Horrible service
I have my money in their account and now I can’t withdraw it due to their ridiculous ‘policy’ which they never mention to me when i first deposited. I have been trying to get help from this company for days now but it’s difficult to get through their customer service. Easy to deposit but seems that I can’t withdraw money at all.
Did you find this review helpful? Yes No
Broker was rude
I complain about a loss and the broker was so rude, even though it was kind of his fault and mistake.
stay away!
Did you find this review helpful? Yes No
Scammer
Don’t waste your money and time with this broker. I opened an account last month and when i already got over $100 profit i decided to withdraw my profits but the withdrawal request was declined. And come next day, my profit was gone and the account was closed. They are scammers! That is crystal clear!
Did you find this review helpful? Yes No
Beware!!! It is a SCAM!!!
I deposit 100usd for investment lost all my fund! First time i deposit 10usd they will give you profit and lure you to deposit more, when I deposit 100usd they make me lost all my deposit balance.
Did you find this review helpful? Yes No
scammers!
First I thought this company is a serious one that gives good advice and creates great possibilities of good profit. By now I’m totally frustrated. They try to make you believe that they support you and you can trust them. After depositing all my money, I lost them all in an instant! Stay away from them,Stay away from scammers!
Did you find this review helpful? Yes No