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Alfa-Forex Review and Information 2024

Alfa-Forex Information and Review Alfa-Forex
Voting Rating Alfa-Forex does not participate in the Forex Rating
Submit Forex Broker
Reviews Rating
Regulation CySEC
Trading software MetaTrader4, MetaTrader5, ZuluTrade
Headquartered 3 Themistoklis Dervis, Julia House, 4th Floor, 1066, Nicosia, Cyprus

Alfa-Forex is a major global broker focused on clients from the CIS and European Union. Our mission is to provide our customers fast and convenient access to financial markets. We are a reliable partner and provide our private and institutional counterparties with a wide range of financial instruments and reliable IT solutions. The interests of our clients are protected by the European standards adopted by our local regulator CySEC (The Cyprus Securities and Exchange Commission). We are continuously developing new products and improving our existing financial product offerring that allow you to trade with maximum comfort and efficiency.

Alfa-Forex Trading Information 2024


WWW https://alfaforex.com/en/
Address 3 Themistoklis Dervis, Julia House, 4th Floor, 1066, Nicosia, Cyprus
Headquarters Nicosia, Cyprus
Free phone +357 22 470 969
Partnership programs
Mobile trading
Automated trading
Daily analysis
Demo account
Swaps
24/5 trading
Hedging
Digits after the dot in quotes 5
Minimum position size 0.01
Spread Type Variable
Pip spread on majors 0.1-2
Maximum Leverage 200
ECN, $ 1
Standard account, $ 1
Mini account, $ 1
Popular payment methods Credit Cards, Bank transfer
Account currencies EUR, USD, RUR
Available assets Managers' investment accounts, Exchange currency at the market rate: EUR, USD, RUR, GBP, CHF, JPY
Languages English, Russian, Czech, Polski
Platforms MetaTrader4, MetaTrader5, ZuluTrade, mobile applications for iOS, Android
Broker type Bank, ECN, STP, NDD
Regulation CySEC
Foundation 1996

Alfa-Forex Traders' Reviews

My experience with Alfa-Forex spans approximately six months, and it's safe to say that it's been quite the rollercoaster ride. In this detailed review, I'll share my experiences, both positive and negative, to provide a comprehensive perspective on my time with Alfa-Forex. My initial foray into the world of Alfa-Forex was marred by losses, totaling more than $900. Like many traders, I faced moments of doubt and frustration. However, I was determined to persevere, believing that the key to success lay in continuing my trading journey. With this resolve in mind, I decided to make an additional deposit of $2000 to bolster my trading capital. To my satisfaction, the deposit process was swift, and I was able to resume trading promptly. To my surprise and delight, I managed to recover my previous losses and even turned a profit. At this juncture, I decided to request a withdrawal of my entire account balance, which seemed like the logical next step. However, my optimism was short-lived as my withdrawal request was summarily declined, without any explanation or justification. This abrupt refusal left me bewildered and frustrated, as I had hoped to enjoy the fruits of my trading success. Alfa-Forex later informed me that there were purportedly no trading orders associated with my account, thereby invalidating my profits. This revelation was deeply unsettling and called into question the integrity of the platform. In light of my experiences, I must emphasize the importance of conducting thorough research and due diligence before choosing a trading platform. My journey with Alfa-Forex serves as a cautionary tale, highlighting the risks that traders may encounter if they do not exercise vigilance when selecting a broker. While my personal experience with Alfa-Forex has been marked by both highs and lows, I urge prospective traders to proceed with caution. My inability to withdraw my profits has left me disillusioned and cautious about the platform's legitimacy. My time with Alfa-Forex has been a mixed bag, characterized by initial losses, a remarkable recovery, and ultimately, a disappointing withdrawal denial. While I cannot definitively label the platform as untrustworthy, I encourage potential clients to approach it with a discerning eye and consider alternative options to mitigate potential risks. Remember, in the world of online trading, thorough research and due diligence are your most potent tools for safeguarding your investments and ensuring a positive trading experience.
  16 Jan 2024  

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