Alfa-Forex
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Открыть счетThe name of the broker is pronounced “Alfa Forex”. The company is one of the largest private banking groups in Europe and the CIS, founded in 1990. Ethics, constant development and customer focus are the broker’s main values, thanks to which it has gained popularity and holds high positions in ratings.
Alfa Forex Company has received a perpetual forex dealer license from the Bank of Russia. The broker offers clients the opportunity to trade 29 financial instruments through the popular MetaTrader 5 platform, including its mobile version.
In addition, the broker offers telephone dealing services allowing to open and close positions by call. Client funds are credited to a special account section opened for each client, which ensures quick withdrawal of funds and prompt resolution of issues with the help of technical support available both on the broker’s website and in the bank’s mobile application.
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Account currency
RUB, USD, EUR
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Minimum deposit
no
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Leverage
1:40
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Spread
from 2 points
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Tools
Currency pairs
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Margin call / Stop out
100% / 85%
Pros
- License and legislative protection: The Company holds a forex dealer's license, which guarantees that all financial transactions are protected by law and carried out in accordance with the standards set by the Bank of Russia.
- Fast funds transfer: Using the Alfa-Click system provides instant transfers of funds.
- No limit on the minimum withdrawal amount: Clients can withdraw funds with no minimum amount limit.
- Good liquidity: The Company provides high liquidity, which enables it to execute transactions quickly and at favorable prices.
- Attractive trading conditions: Alfa-Forex offers competitive trading conditions that appeal to traders with different levels of experience.
Minuses
- Lack of support service on weekends: The support service is not available on weekends, which may cause inconvenience to customers who need prompt assistance.
- No cent account: The company does not offer a cent account, which can be inconvenient for novice traders who prefer to start with small amounts.
- Limited withdrawal options: The inability to withdraw funds to e-wallets limits the choice of convenient withdrawal methods for some customers.
Customer geography
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Russia94.73%
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Ukraine1.66%
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Netherlands0.57%
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Belarus0.5%
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Republic of Moldova0.42%
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Others2.12%
Expert evaluation
Alpha Forex broker has established itself as a reliable and stable company offering favorable trading conditions. Clients are provided with one universal trading account, as well as access to extensive analytical and training materials. A simple and intuitive website, as well as a convenient trading platform are additional advantages of the broker.
The company offers 29 financial instruments, including major currency pairs, which meets the needs of both experienced traders and beginners. It is important to note that all financial operations are carried out in accordance with the standards set by the Bank of Russia, which provides additional protection for clients.
Alfa Forex is oriented towards both novice traders and professionals. Over the years, the broker has not encountered any significant claims, and the support service solves arising controversial issues promptly and in the interests of the client.
In general, Alfa Forex brokerage company provides its clients with a reliable platform for trading, with an extensive set of tools and support, which makes it a suitable choice for traders of any level.
Analysis
Trading condition
Alfa Forex brokerage company offers traders from Europe and CIS countries attractive conditions for trading. One of the key advantages is the absence of a minimum deposit amount. The minimum transaction volume is 0.01 lots, and orders are executed at market prices. Clients can trade currency pairs with a maximum leverage of 1:40.
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Trading platform
MetaTrader 5
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Accounts
NDD, Demo
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Account currency
RUB, USD, EUR
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Deposit/withdrawal
Visa, Mir, MasterCard, bank transfer
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Minimum deposit
no
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Leverage
1:40
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PAMM accounts
no
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Min order
0.01 lots
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Spread
from 2 points
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Tools
Currency pairs
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Margin call / Stop out
100% / 85%
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Liquidity provider
Alfa-Bank
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Mobile trading
yes
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Affiliate Program
yes
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Order execution
Market execution
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Peculiarities of trade
Telephone dealing
Commission
Our analysts have reviewed the brokerage company for trading and non-trading commissions. Trading commissions were assessed by analyzing the company’s spreads, and non-trading commissions – through additional fees for withdrawal of funds from a trading account.
Broker Overview
Alfa Forex has been operating for 30 years and during this time has earned the trust of traders. The company operates in strict compliance with Russian legislation, which is confirmed by a perpetual forex dealer license issued by the Bank of Russia.
The broker guarantees its clients a high level of security, comfortable service and a wide range of financial instruments. Traders have access to 29 currency pairs and the popular MetaTrader 5 terminal in desktop and mobile versions. In addition, the broker provides a telephone dealing service, allowing to open and close orders by call.
Alpha Forex is an ideal choice for traders of any level of experience
Alfa Forex combines reliability and ease of use of the platform. The company offers a lot of training materials that help beginners to master trading on the currency market. The broker provides an opportunity to open a demo account, where trading is conducted with virtual funds, which allows you to practice without risk. A real account can be funded with any amount sufficient to open an order with a minimum volume of 0.01 lots. Prompt provision of up-to-date quotes and fast market execution of orders is also an important feature of the company.
Trading platforms and analytical services
The broker’s clients trade via the MetaTrader 5 platform, available in both desktop and mobile versions. Telephone dealing is also offered. Analytical services include:
- Economic calendar: Tracking of events affecting the volatility of currency pairs.
- Trader’s calculator: Convenient calculations.
- Market Reviews: Help in analyzing and forecasting.
- Forex and Bank of Russia exchange rates: Current quotes in real time.
Instructions to start trading
Alfa Forex offers clients one live trading account. Depositing is possible in euros, dollars and rubles, and there is no minimum deposit amount. Traders can choose from 29 trading instruments and use analytical services and training materials.
Types of accounts
Real/NDD:
- Description: There is no minimum deposit, you only need enough funds to open an order of 0.01 lots. 29 currency pairs are available, minimum spread – 2 pips, maximum leverage – 1:40.
Demonstration:
- Description: A demo account, an exact copy of the real one, but with virtual funds. Allows you to test trading strategies and learn without risk.
For trading in Alfa Forex, the MetaTrader 5 platform is used, available for installation on a computer, laptop, smartphone or tablet.
At the moment, the company does not offer promotions and bonus programs. However, if you open an account with Alfa Forex through our association’s website, you will be able to receive a rebate.
Advantages
- Good liquidity and regulator: The company provides high liquidity and operates under the supervision of a regulator, which guarantees safety and reliability.
- Wide range of currency pairs: A variety of currency pairs are available for trading to meet the needs of different traders.
- Training materials: Availability of high-quality training materials helps beginner traders to master trading on the currency market faster.
- Protection against negative balance: Traders are protected against negative balance (gap), which prevents loss of deposit.
- No minimum deposit: The account can be funded with any amount sufficient to open a transaction with a minimum volume.
- Abundance of analytical tools and services: Various analytical tools and services are provided, which help to make a full forecast of price movement on the selected currency pair.
Overview of Alfa-Forex Personal Cabinet
How to start working with Alpha Forex broker
To make it easier for you to get started with Alpha Forex broker, please read the following information:
1. Logging in to the personal cabinet
Logging in to the Alfa Forex personal cabinet is done from the main page of the company’s website. To do this, you need to click on the corresponding icon.
2. Authorization
To authorize, you need to enter your personal account number and password.
3. Registration
If you are not yet registered with the broker, click “Open an account” on the home page.
- Alfa-Bank clients: Authorize on the Internet Banking page in the usual way to get to the registration page.
- Non-Alfa-Bank clients: Enter your name, phone number and e-mail address.
4. Access to personal cabinet
After registration/authorization you will get access to your personal cabinet where you can:
- Download the trading terminal
- Select a financial instrument
- Deposit funds
- Withdraw funds
In my personal cabinet on the Alpha Forex website you will also find:
- Current quotes
- Fresh analytics
- Market reviews and news
- Useful information for training
- Statistics of agent program profitability
- History of trading operations and deposits/withdrawals
- Support service for expert advice
Answers to questions
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How can I register with Alfa Forex
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What is the minimum deposit required to start trading
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What trading platforms are available to Alfa-Forex clients?
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What financial instruments does Alfa-Forex offer
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How can I deposit and withdraw funds