Alfa-Forex Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- СB RF
- 1991
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- СB RF
- 1991
Our Evaluation of Alfa-Forex
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Alfa-Forex is a broker with higher-than-average risk and the TU Overall Score of 4.28 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Alfa-Forex clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
Alpha Forex is a suitable company for those who prefer to trade in popular currency pairs. A simple website interface and a popular trading terminal make the broker convenient for beginners and experienced traders.
Brief Look at Alfa-Forex
“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.
- the company has a license; therefore all financial operations are protected by law and are carried out following the standards set by the regulator;
- there is no limit on the minimum withdrawal amount;
- good liquidity;
- quite attractive trading conditions.
- the support service does not work on weekends;
- no cent account;
- it is not possible to withdraw funds to electronic wallets.
Alfa-Forex Summary
Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
| 💻 Trading platform: | МетаТрейдер 5 |
|---|---|
| 📊 Accounts: | NDD, Demo |
| 💰 Account currency: | USD, EUR |
| 💵 Replenishment / Withdrawal: | Visa, MasterCard, Bank transfer |
| 🚀 Minimum deposit: | $1 |
| ⚖️ Leverage: | 1:40 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0,01 |
| 💱 Spread: | From 2 points |
| 🔧 Instruments: | Currency pairs |
| 💹 Margin Call / Stop Out: | 100% / 85% |
| 🏛 Liquidity provider: | Alfa Bank |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | Market execution |
| ⭐ Trading features: | Partner program; Good liquidity; Automatic trading. |
| 🎁 Contests and bonuses: | No |
Alfa-Forex Key Parameters Evaluation
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Commissions and fees
| Account type | Spread (minimum value) | Withdrawal commission |
|---|---|---|
| Standard | From $20 | No |
We also conducted a comparative analysis of trading commissions at Alpha Forex with competing companies. Based on the comparison, each broker was assigned a low, medium, or high level according to this criterion.
| Broker | Average commission | Level |
|---|---|---|
|
$20 | |
|
$1 | |
|
$8.5 |
Investment Options
Alpha Forex is an ideal broker for those who prefer to trade manually. The company does not offer investment programs such as PAMM accounts and other forms of trust management. The possibility of automatic trading through robots and social trading (auto copying trading operations of experienced traders) is also not provided.
However, a profitable agent program for obtaining affiliate income compensates for the lack of other opportunities for passive earnings with Alpha Forex.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Affiliate program from Alpha Forex
The brokerage company offers an Agent program allowing you to provide additional income by attracting clients. It is perfect for those who know how to draw traffic on the Internet. It is a profitable partnership option for bloggers, SEO specialists, website owners, and other Internet resources. For attracting clients, the partner receives an agent's fee in the form of a percentage of the dealer's commission for the trading operations of the traders the agent attracted.
Advantages of the program:
ready-made advertising materials;
guaranteed commission without income restrictions;
the number of clients and their transactions is not limited: the more traders a partner brings and the more they trade, the higher the income.
the affiliate program conditions allow each agent to form his referral system and provide himself with additional income.
Comparison of Alfa-Forex with other Brokers
| Alfa-Forex | RoboForex | Pocket Option | Exness | Vantage Markets | Libertex | |
| Trading platform |
MT4, MobileTrading, MT5, Zulu Trader | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | Pocket Option, MT5, MT4 | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | MT4, MT5, WebTrader, Mobile Apps | Libertex, MT5, MT4 |
| Min deposit | $1 | $10 | $5 | $10 | $50 | 100 |
| Leverage |
From 1:1 to 1:100 |
From 1:1 to 1:2000 |
From 1:1 to 1:1000 |
From 1:1 to 1:2000 |
From 1:1 to 1:500 |
From 1:1 to 1:30 for retail clients |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | No | No | No |
| Spread | From 0.7 points | From 0 points | From 1.2 point | From 1 point | From 0 points | From 0.1 points |
| Level of margin call / stop out |
100% / 20% | 60% / 40% | 30% / 50% | No / 60% | 100% / 50% | 50% / 50% |
| Execution of orders | Instant Execution, Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution, Instant Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | Yes | No | No | No | No |
User Satisfaction