- Licensed broker, meaning that all financial operations are protected by law
- No limit on the minimum withdrawal amount
- Good liquidity
- No support service on weekends
- Only for Russian Traders
- No cent account for beginners
- Not possible to withdraw funds to electronic wallets
Latest updated information about Alfa Forex Broker
Note: Alfa-forex switched to purely Russian audience. The broker’s website is available only in Russian Language.
Reviewed broker: Alfa-forex
Established in 2004
Operated by Alfa Group
Regulation: CBR (Russia)
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
Alfa-Forex is an important part of Alfa Group Consortium
Alfa Group was founded in 1989 and is one of the largest privately owned financial-investment conglomerates in Russia. At this point, the reliability of Alfa Group is rated A++ by Expert RA, a well-known rating agency.
Why to choose Alfa-Forex?
Diversity of available instruments, favorable terms, and high reliability make Alfa-Forex attractive forex bank broker of several past years. Clients get clients real bank quotes, large trading volumes, high-quality dealing, and integration with other products of Alfa Group.
Trading on the Forex market with Alfa-Forex is simple as convenient trading platforms and their mobile versions, an investment management app, personal analytics, and exclusive service for wealthy clients make trading enjoyable and efficient.
Online Trading on the Forex Market
Turn the stormy dynamics of the global economy to your advantage and earn on currency exchange rate fluctuations.
Your benefits of trading with Alfa-Forex Review
- More than 160 instruments available for trading
- Ruble pairs spread is really low—that is, 0.012 rubles
- Exclusive liquidity 24/5 on ruble pairs
- Instant execution of trading orders
- MetaTrader4 and MetaTrader5 trading platforms
- No fees on deposits and withdrawals through internet bank Alfa-Click
MetaTrader 4 Platform and Trading Conditions
Just imagine the number of functions in a versatile tool, such as a good Swiss Army knife. Now think about getting a similarly versatile tool for trading. Today, this is very simple because MetaTrader 4 provides you with such a versatile tool. It is one of the most reliable, convenient and popular trading terminals.
Account types: standard
Demo practice account: not available (extremely unusual and disappointing)
Minimum trade size: 0.01
Maximum leverage: 1:200
Average floating spreads: starting from 0.7 pips for EURUSD
Expert advisors: allowed
One-click trading: yes
Stop out level: 20%
Payment options for deposit and withdrawal
Minimum deposit requirement: $1
Payment methods review: credit cards, wire transfer, online payment system of Alfa Bank “Alfa-click”
Automated trading: available via Zulutrade
Educational Resources and Customer Support
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
How was the rating of Alfa-forex performed compared to other brokers?
This 2023 Forex Broker Review has been conducted though thorough research and assessment of rating and ranking among almost 300 international forex brokers. The final grade is given based on Alfa-forex FX broker performance and features.
Overall our online Alfa-forex review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online Alfa-forex or you find inaccurate details Alfa-forex broker review please get in touch with us and the changes will be applied.