Alfa-Forex Review 2021

Alfa-Forex Review 2021
Davis J.
March 2021

240

Position
in rating

240

Position in rating

2.34/10
Overall rating

Attention!

Due to the large number of negative reviews about this company and because it occupies the low position of number 20 on our Ratings List of Forex brokers, the Traders Union does not recommend cooperating with this broker.

Instead, our experts strongly advise you to select a brokerage from among the Top 5 on our objectively ranked list:

Summary of Alfa-Forex Trading Company

“Alfa-Group” — is the one of the biggest investment groups in the Russian Federation. This company has started its activity in the year 1989. Present days, this broker can offer top-class and secure trading, as well as the possibility to make additional earnings via the partner program.

💰 Account currency: No
🚀 Minimum deposit: No
⚖️ Leverage: No
💱 Spread: No
🔧 Instruments: No
💹 Margin Call / Stop Out: No
Attention!

We work exclusively with the accounts opened through Traders Union.

Latest Comments 2021

0
2
1

Positive reviews increase standing and, of course, any negative reviews decrease its position in the ratings.

Just register and get authorized to submit a review of the broker’s activities and conditions on its platform. Everyone can and is invited to submit a review. All reviews of Alfa-Forex published on the website in 2021 are verified and confirmed by Traders Union as reliable comments by real traders.

Mego high-speed withdrawal of money. I would like more options for trading, because so far, it's pretty boring. But it's stable. This also applies to earnings, rather stable results for a company with a not yet clear regulation situation.

I've been an Alfa-Forex client for about 4 months. I've lost more than $1,000, but decided to go on and deposit $3,000 more to keep trading. The money was credited instantly, I won back my losses, but as soon as I ordered withdrawal of the whole amount, my request was declined with no reason at all. Later they told me there were no trading orders on my account, so I couldn't prove my profits. I have all the videos! screenshots! Run away from them not to get in trouble!

Sorry to say it, but Alfa-Forex isn't to be trusted at all. I've been trading for 2 months, and my account grew from $150 to $270. I requested profit withdrawal, and support agents decided to overwhelm me with their calls. They tried to manipulate me and made me reopen some trades. Eventually after a week or so, they informed me that my account balance was insufficient to complete the withdrawal. That's a typical scam brokers that should be long closed.

Analysis of the Main Features of the Forex Broker

2.34

Overall rating

2.13

/10

Execution of orders

2.55

/10

Investment instruments

2.19

/10

Withdrawal speed

2.49

/10

Customer Support work

1.97

/10

Variety of instruments

2.71

/10

Trading platform

Dynamics of the Popularity of Alfa-Forex
in 2020 among the Users of the Traders Union

Logo TU
20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
Jan.
Feb.
Mär.
Apr.
Mai.
Jun.
Jul.
Aug.
Sep.
Okt.
Nov.
Dez.

Comparison of Alfa-Forex with other Brokers

Alfa-Forex FxPro XM Group Admiral Markets UK AvaTrade eToro
Trading
platform
MT4, MobileTrading, MT5, Zulu Trader MT4, MobileTrading, MT5, cTrader MT4, MT5, MobileTrading MT4, MT5, iPhone, iPad, Android, MT4 Supreme Edition MT4, MobileTrading, Zulu Trader, Mirror Trader, AvaTrader, AVA Option MobileTrading, WebTrader
Min deposit $1 $100 $5 $200 $100 $200
Leverage From 1:1
to 1:100
From 1:1
to 1:200
From 1:1
to 1:30
From 1:25
to 1:500
From 1:200
to 1:400
From 1:2
to 1:30
Trust management No No No No No No
Accrual of % on the balance No No No No No No
Spread From 0 points From 1 point From 1 point From 0 points From 0 points From 2 points
Level of margin call
/ stop out
100%  /  20% 50%  /  50% 100%  /  50% 100%  /  30% 25%  /  10% No
Execution of orders Instant Execution, Market Execution Market Execution, Instant Execution Market Execution Market Execution Instant Execution Instant Execution
No deposit bonus No No $30 No No No
Cent accounts No No Yes No Yes No

Broker comparison table of trading instruments

Alfa-Forex FxPro XM Group Admiral Markets UK AvaTrade eToro
Forex No Yes Yes Yes Yes Yes
Metalls No Yes Yes Yes Yes Yes
Crypto No Yes No Yes Yes Yes
CFD No Yes Yes Yes Yes Yes
indexes No Yes Yes Yes Yes Yes
Stock No Yes Yes Yes Yes Yes
ETF No No No Yes No Yes
Options No Yes No No No Yes

Contacts

Contacts

Tags:

ALFA FOREX LTD. ALFA FOREX Alfa-Forex

The Oldest Reviews of the Alfa-Forex

Positive reviews increase standing and, of course, any negative reviews decrease its position in the ratings.

Just register and get authorized to submit a review of the broker’s activities and conditions on its platform. Everyone can and is invited to submit a review. All reviews of Alfa-Forex published on the website in 2021 are verified and confirmed by Traders Union as reliable comments by real traders.

Sorry to say it, but Alfa-Forex isn't to be trusted at all. I've been trading for 2 months, and my account grew from $150 to $270. I requested profit withdrawal, and support agents decided to overwhelm me with their calls. They tried to manipulate me and made me reopen some trades. Eventually after a week or so, they informed me that my account balance was insufficient to complete the withdrawal. That's a typical scam brokers that should be long closed.

I've been an Alfa-Forex client for about 4 months. I've lost more than $1,000, but decided to go on and deposit $3,000 more to keep trading. The money was credited instantly, I won back my losses, but as soon as I ordered withdrawal of the whole amount, my request was declined with no reason at all. Later they told me there were no trading orders on my account, so I couldn't prove my profits. I have all the videos! screenshots! Run away from them not to get in trouble!

Mego high-speed withdrawal of money. I would like more options for trading, because so far, it's pretty boring. But it's stable. This also applies to earnings, rather stable results for a company with a not yet clear regulation situation.

Author of this Review

Alfa-Forex broker’s review prepared by

John Davis

Traders Union Author and Analyst

John Davis is a Financial and Economic Analyst working with the Traders Union since 2016. During this time, he has written more than 100 analytical articles on technical and fundamental analysis, reviews of financial companies and has developed more than 10 proprietary trading systems. John's motto is to help everyone go from a novice to a professional trader.

All information posted on the Traders Union website is based on reliable and objective data. We have combined our 10 years’ experience in the financial sector and the feedback of our customers to provide you with a true picture of the best forex companies in the market. Detailed information about our methodology.

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FAQs

Do reviews by traders influence the Alfa-Forex rating?

Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about Alfa-Forex you need to go to the broker's profile.

How to leave a review about Alfa-Forex on the Traders Union website?

To leave a review about Alfa-Forex, register on the Traders Union website or you can also leave a review through Facebook.

Is it possible to leave a comment about Alfa-Forex on a non-Traders Union client?

Anyone can leave feedback about Alfa-Forex on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.

Why is it more profitable to work with Alfa-Forex through Traders Union?

Because you will receive additional payments from Traders Union every month while all other functions on your chosen trading platform remain the same.