alfa-forex reviewsReviewed broker: Alfa-forex

Established in 2004

Operated by Alfa Group

Location: Russia

Regulation: Cysec

Awards: 2014 Best CFD-broker, 2015 Best Bank Broker (the site doesn’t mention, however, who issued the award)

Trading instruments: CFDs, metals, commodities, indices, stocks, forex

Tradable currency pairs: 15 (rather small selection for an online forex broker this size)

US traders: not accepted

Account types: standard

Demo practice account: not available (extremely unusual and disappointing)

Minimum deposit requirement: $1

Payment methods review: credit cards, wire transfer, online payment system of Alfa Bank “Alfa-click”

Minimum trade size: 0.01

Maximum leverage: 1:200

Average floating spreads: starting from 0.7 pips for EURUSD

Scalping: allowed

Hedging: allowed

Expert advisors: allowed

One-click trading: yes

Stop out level: 20%

Trading platforms: Metatader 4

Automated trading: available via Zulutrade

Educational material: in Analytics section, the broker only lists the currency exchange rates and doesn’t provide any actual analysis of the market. Education section has a very short definition of what forex is followed by “open an account” block.

Customer support: online chat, email, phone

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