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Alfa Forex Forex Broker provides real users with 7 positive reviews, * neutral reviews and * exposure review!

Alfa Forex Broker Review

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Alfa Forex Review 7

Latest All(7) Positive(7)
Positive
Licensed Forex Dealer with Ruble Pairs: Legal Trades, Auto-Tax Calculation, Flexible Leverage up to 1:40, Beginner-Friendly Analysis, Bank Quotes Ensured.

A decent forex dealer, with a wide range of currency pairs, including ruble pairs, and with our license. Everything is legal, they also calculate taxes themselves, the client doesn't need to worry about it. As for the trading conditions, personally, they suit me: normal spreads, floating leverage, can reach up to 1:40, you can open a trade with 0.1 lot. There is a lot of different types of analysis for beginners here. The quotes are from banks.

SasunSosan
2024-05-28
Positive
Alpha Forex: Beginner's Gateway to Trading Success

As a beginner in trading, I can recommend Alpha Forex as a broker for people like me. I started this whole journey when I came across this broker and went to the education section. I reviewed all the archived webinars on their website and then moved on to their demo version, just to try it out at first. But then it turned out that I have had a real account with Alpha Forex for six months now, and it is currently my additional income. As for the platform, I can say that everything is intuitively understandable, with fast registration and a user-friendly interface. Of course, I had to reach out to customer support, but they are always in touch with me and even help me gradually develop my trading strategy. I also started following their daily market reviews on the Telegram channel.

Николай Фомин
2024-04-24
Positive
Seamless Mobile Trading on AF App: MT5 at Your Fingertips, Micro Lots Available, Exotic Pairs Desired

I trade with the mobile version of AF, everything works without problems. I always carry my phone with me, it’s very convenient. The broker offers the already familiar MT5 terminal; in the mobile version it is no less convenient to use than in the desktop version. On the plus side - 40 currency pairs, fast execution of orders, no problems with withdrawal of funds and the ability to open transactions with micro lots. On the downside, I would like to see even more exotic currency pairs, I am interested in this topic. But in general everything is cool.

Саша Штерн
2023-12-25
Positive
Successful Return to Forex Trading with Alfa Bank: Smooth Account Setup, Varied Currency Pairs, and Flexible Strategies Prove Profitable

There was a long break in Forex trading, I decided to come back and open an account with a domestic broker. I chose Alfa because I had already dealt with this bank. The account is opened without problems, replenishment through the Alpha card is fast, I haven’t tried it through others. At first I tried it on a demo account, tried out the tools and trading conditions, then I switched to a full-fledged account. They offer a choice of 40 currency pairs, not all of them interest me, but there is a choice. The conditions for spreads are normal, at least among licensed brokers. During the first month of active trading I was able to earn normally and withdrew funds without any problems. I’m glad that you can either scalp on some ruble or hold another currency for a longer time, this suits my mood better, but I know there are those who like one thing better.

DSmolin
2023-12-07
Positive
Alpha Forex: Combining Comfortable Trading with High-Quality Analytics for Informed Decisions

What I like about Alpha Forex is that in addition to comfortable trading, they offer high-quality analytics. I use their trader calendar and regularly watch market analyzes in the telegram.

kir12458
2023-12-05
Positive
Evolving Site Gains Momentum with Expanded Tool Options

The choice of tools is not very limited; everything is official. In recent months, the choice has become more noticeable. So the site is developing, and this is the most important thing.

Норм
2023-08-31
Positive

I am new to online trading. Actually, it is also my first time trading. But I am happy that I made the right choice of picking this broker Alfa Forex. They have helped me a lot.

FX1130777838
2022-12-12

  

Alfa Forex 2025 Review: Everything You Need to Know

  Alfa Forex has garnered mixed reviews from traders and analysts alike, with some praising its robust trading platform and attractive conditions, while others express concerns regarding customer service and regulatory compliance. Key features include a low minimum deposit requirement and the availability of popular trading platforms like MT4 and MT5. However, potential users should be cautious, especially regarding withdrawal issues and the broker's regulatory status.

  Note: It's important to highlight that Alfa Forex operates under different entities in various regions, which can affect the trading conditions and regulatory protections available to clients. This review aims to provide a balanced perspective based on the latest information from multiple sources.

  

Ratings Overview

Category Rating (out of 10)
Account Conditions 6
Tools and Resources 7
Customer Service and Support 4
Trading Setup 5
Trustworthiness 4
User Experience 5
Additional Considerations 6

  We rate brokers based on comprehensive analysis, including user feedback, expert opinions, and factual data.

  

Broker Overview

  Founded in 2011, Alfa Forex is a Russian broker that operates primarily in the forex and CFD markets. The broker is a part of the Alfa Group, a major financial consortium in Russia, and is regulated by the Central Bank of Russia (CBR) and the Cyprus Securities and Exchange Commission (CySEC). Alfa Forex offers trading on the widely-used MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, providing access to a range of financial instruments, including over 40 currency pairs, commodities, and indices.

  

Detailed Breakdown

  

Regulatory Regions

  Alfa Forex is regulated in Russia by the Central Bank and in Cyprus by CySEC. However, the regulatory status has raised concerns among some traders, as the broker is not regulated by top-tier authorities like the FCA or ASIC. This may affect the level of investor protection available.

  

Deposit/Withdrawal Currencies

  Alfa Forex supports deposits and withdrawals in several currencies, including USD, EUR, and RUB. However, some reports indicate that there may be fees associated with certain payment methods. Users should verify the specific fees applicable to their chosen method.

  

Minimum Deposit

  One of the standout features of Alfa Forex is its low minimum deposit requirement, which can be as low as $1. This makes it accessible for new traders looking to start with minimal capital.

  

Bonuses/Promotions

  Currently, Alfa Forex does not offer any significant bonuses or promotions, which may be a drawback for some traders seeking added incentives.

  

Tradable Asset Classes

  The broker provides a range of tradable assets, including major and minor currency pairs, commodities, and indices. However, it does not offer cryptocurrencies or a wide variety of other financial instruments, which may limit trading strategies for some users.

  

Costs (Spreads, Fees, Commissions)

  Alfa Forexs spreads are generally competitive, starting from around 1.4 pips for major pairs. However, some users have reported higher spreads during periods of volatility. The broker does not charge commissions on trades, but users should be aware of potential deposit and withdrawal fees, which vary by method.

  

Leverage

  The maximum leverage offered by Alfa Forex is 1:200, providing traders with the ability to control larger positions with a smaller amount of capital. However, this comes with increased risk, and traders should be cautious when using high leverage.

  

Allowed Trading Platforms

  Alfa Forex supports both MT4 and MT5, along with its proprietary platform. This allows traders to choose a platform that fits their trading style, whether they prefer automated trading or manual strategies.

  

Restricted Areas

  Alfa Forex is not available to traders in certain jurisdictions, including the United States, Canada, and several other countries. This restriction may limit access for some potential clients.

  

Available Customer Support Languages

  Customer support is available in multiple languages, including English and Russian. However, some users have reported slow response times and limited support options, which could be a concern for those needing immediate assistance.

  

Ratings Overview Revisited

Category Rating (out of 10)
Account Conditions 6
Tools and Resources 7
Customer Service and Support 4
Trading Setup 5
Trustworthiness 4
User Experience 5
Additional Considerations 6

  

Detailed Breakdown of Ratings

  •   Account Conditions (6/10): The low minimum deposit is a significant advantage, but the lack of diverse account types and promotions limits appeal.

  •   Tools and Resources (7/10): The availability of MT4 and MT5 platforms is a plus, along with educational resources, but more advanced trading tools are lacking.

  •   Customer Service and Support (4/10): Mixed reviews on customer service, with reports of slow response times and unavailability of live chat support.

  •   Trading Setup (5/10): Trading conditions are average, with competitive spreads but potential issues during high volatility.

  •   Trustworthiness (4/10): Regulatory concerns and mixed user feedback lead to a lower trust rating, particularly regarding withdrawal issues.

  •   User Experience (5/10): User experiences vary widely, with some reporting satisfaction while others highlight significant withdrawal and support issues.

  •   Additional Considerations (6/10): The broker's long-standing presence in the market and regulatory compliance provide some reassurance, but caution is advised due to mixed user feedback.

  •   In conclusion, while Alfa Forex offers some attractive features, potential traders should carefully consider their options and ensure they are comfortable with the broker's regulatory status and user experiences before committing funds. The mixed reviews from users and experts alike suggest a need for thorough research and due diligence before engaging with this broker.