Alfa-Forex.ru Review

MIN. DEPOSIT No
Up to 200:1
Trade Turnover BONUS
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Alfa-Forex.ru
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Overview

Company Information Alfa-Forex is a Russian financial services provider a significant history behind his back. It was founded in 2003, but its online operations started seven years later, in 2010…. more

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Details

BrokerAlfa-Forex.ru
Website URLhttps://www.alfa-forex.ru/en/
Founded2003
HeadquartersNicosia, Cyprus
Support Number+7 (495) 785-96-69
Support Emailsupport@alfaforex.com
Support TypesPhone, E-mail
LanguagesEnglish, Russian, Spanish, Georgian, Armenian
Minimum 1st DepositNo
Minimum Trade Amount0.01 lots
BonusTrade Turnover
PayoutUp to 200:1
Free Demo AccountYes
Regulated Yes
RegulationCySEC
Account TypesLive, Demo
Deposit MethodsVisa, MasterCard, Bank Transfer, WebMoney, Qiwi, Yandex Money, Money@Mail.ru
Withdrawal MethodsVisa, MasterCard, Bank Transfer, WebMoney, Qiwi, Yandex Money, Money@Mail.ru
Types of AssetsStocks, Indices, Futures, Commodities, Forex, Equities, Bonds, CFDs
Account CurrencyUSD, EUR, RUB
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes

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Company Information

Alfa-Forex is a Russian financial services provider a significant history behind his back. It was founded in 2003, but its online operations started seven years later, in 2010. The brand Alfa-Forex is owned by one of the largest private companies in Russia – Alfa Capital Holding, which is part of Alfa-Bank Banking Group. The online broker can be easily compared with some of the biggest names in the industry. With over 20 000 clients around the world, the Russian company is among the most successful brokers. The monthly turnover of Alfa-Forex is known to be around $50 billion nowadays. The excellent reputation and honest business practises have made this online broker one of adequate choices for numerous traders. In fact, the company won the prestigious prize “Best Forex Bank Eastern Europe 2013”, which is another substantial confirmation of reliability. The central headquarters of the broker are located in Cyprus and more precisely at Themistokli Dervis Street, 5, Elenion Building, 2nd Floor, 1066 Nicosia. The license and regulation are issued by CySEC in Cyprus, which the main reason for the primary office location. Alfa-Forex offers market analysis, education and many other benefits for its new or existing clients.

 

Trading Information

The proposed trading instruments are the most common. There are Forex currencies (total of 32), Gold, Silver and various CFDs. The spreads on all the products are variable, and the minimum lot size is 0.01. Forex major pairs have spreads, which start from 0.7 pips, and the average value is one pip. Leverage can be also different – currency pairs are traded 1:100, Gold & Silver – 1:50 and CFDs – 1:20. There is also a stop-out level set by Alfa-Forex that is currently 20%. Those who like to trade via some of the popular strategies, such as scalping and algorithmic (automated) trading, will be satisfied to learn that the online broker allows it. At this point, account types are not introduced by the broker. However, customers will be able to register for Demo account and dive into trading with Alfa-Forex. The benefits that come with the Russian broker are various and more specifically – one-click trading, trailing stops, hedging and pending orders.

 

Trading Platforms

Alfa-Forex provides access to multiple trading platforms that will help its clients execute their trades. As usual, MetaTrader 4 is supported and assists the customers of the Russian broker. Most traders are quite familiar with the software and prefer it over many other. However, the novices in the world of financial trading might get confused by all the charts, indicators and extra tools. Apart of this, MT4 is still one of the most popular trading platforms and a preferred choice for many.

 

Alfa-Forex provides access to MetaTrader 5, which is the successor to the famous 4th version. In fact, the similarities between the two trading software are not many. MT5 is a complete remake, and it is still quite undeveloped on the financial markets. However, traders will be able to use the platform with Alfa-Forex and enjoy its numerous features.

For those who prefer social trading over the traditional methods, the Russian online broker offers ZuluTrade. The software is exclusively created to connect traders – both experienced and beginners. The whole idea represents copy-trading, which allows newbies to duplicate the orders of professionals in the branch and earn extra funds.

 

Security and Customer Services

As a respected institution with many international clients, Alfa-Forex is very concerned with safety and customers’ protection. The website of the online broker uses SSL encryption of highest class certified by GlobeSSL DV. Customers can rest assured that their money is well kept in segregated accounts provided by top-rated banks. As part of the Alfa Capital Holding Ltd., most transactions are made through the fully licensed bank of the organisation called Alfa Bank.

 

Customer services are provided 24/5 on various channels. The clients can smoothly contact Alfa-Forex through email, phone, live chatting system and web form. The responses are usually received in Russian or English. Other languages are not available at this time. The support department is very friendly and usually handles the problems instantly or within a few hours.

 

Deposits and Withdraws

The customer who is ready to deposit will be pleased to learn that Alfa-Forex supports a broad range of payment options. Credit/debit cards and bank wire transfers are inevitably presented, as well as various Russian based transaction methods. Unfortunately, most of them require additional fees from 1% to 3.5%. There are three accepted currencies, which you can review in the table. The processing time takes no more than two days, except for bank transfers – they are processed in less than five working days.

 

Withdrawals, on the other hand, are quite limited when it comes to payment methods. The required funds are handled through bank wire options or debit/credit cards. Traders will be happy that no extra charges are applied on the withdrawals. The time to sort out all the details is from two to five business days.

 

Deposit Bonus and Loyalty Program

Alfa-Forex welcomes all the new faces with a high deposit bonus. The information about the promotion is not much, but the reward is up to $50. Once a client opens up his/her newly created account, the bonus money is automatically credited and freely available for trading. At this time, this is the only promotion still available, but Alfa-Forex is undoubtedly preparing new and exciting contents, bonuses and numerous other surprises for its clients.

 

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