AlfaTrade Review

MIN. DEPOSIT $500
Up to 200:1
Up to $4,000 BONUS
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AlfaTrade
Up to $4,000
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Overview

Company Information Let us introduce you to one of the best brokers on an international level with the challenging name AlfaTrade. It’s a relatively new player on the global financials… more

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Details

BrokerAlfaTrade
Website URLhttp://www.alfatrade.com/
Founded2015
HeadquartersKingstown, St. Vincent and the Grenadines
Support Number+442035140710 (UK); +97316196823 (Bahrain); +74997052114 (Russia)
Support Emailsupport@alfatrade.com
Support TypesPhone, Live Chat, E-mail, Contact Form, Team Viewer
LanguagesEnglish, Arabic, Italian, Russian, German, Chinese, French, Spanish, Portuguese
Minimum 1st Deposit$500
Minimum Trade Amount0.01 lots
BonusUp to $4,000
PayoutUp to 200:1
Free Demo AccountYes
Regulated Yes
RegulationThe Financial Services Authority of St. Vincent & the Grenadines
Account TypesStandard, Premium, VIP
Deposit MethodsVisa, MasterCard, Maestro, Skrill, Neteller, Wire Transfer
Withdrawal MethodsVisa, MasterCard, Maestro, Skrill, Neteller, Wire Transfer
Types of AssetsCurrencies, Indices, Commodities, Financial instruments
Account CurrencyUSD, EUR, GBP, JPY
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes

Full Review

Company Information

Let us introduce you to one of the best brokers on an international level with the challenging name AlfaTrade. It’s a relatively new player on the global financials stage founded in 2013. The company is located in London, and it is known to operate mainly in the European Union. However, nowadays it serves more than 150 countries worldwide, which is sure indication of steady growth and development. The online broker is well regulated and licensed by the UK’s regulatory authority FCA (Financial Conduct Authority), as well as many other independent institutions, such as CONSOB, AFM NBS, BaFin, FCA and FI. The registration number of AlfaTrader is 611346. According to various sources, AlfaTrader is ECN (Electronic Communication) broker with extensive services on the spot Forex markets. In fact, many traders are more than happy to invest with AlfaTrade just because this very reason. In addition to the high reputation that supports the broker, there are other exceptional benefits. The company is dedicated to providing complete education and numerous training about Forex. There is also frequently updated news section, where traders can stay tuned to the latest from the world of financial trading.

 

Trading Information

As a reputable broker and trusted a partner to many in the branch, AlfaTrade offers excellent trading conditions for its clients. The online broker provides access to Forex currencies (all majors, crosses and exotics), commodities (Gold, Copper, Oil and Gas) and indices. Leverage on Forex pairs goes up to 1:200 with relatively tight spreads starting from 1.6. The minimum trade size is set to 0.01, and the margin is 0.50%. The other offered products can usually be traded with the leverage of 1:100 or 1:50. Indices have spreads starting from 3.2 and the margin there is 2%. Commodities are also quite attractive financial instruments with spreads as low as 0.015 and margin of 1-2%. However, if this trading environment seems to harsh, you should know that these conditions apply to the Standard accounts only. AlfaTrade has two additional account types for the professional traders with a larger investment. They are called “Premium” and “Pro” profiles involve adjusted trading conditions with tight spreads and enhanced benefits.

 

Trading Platforms

With the normal growth of the financial industry comes the need for the constant development of the technology. It’s the reason AlfaTrade is giving its clients a choice to use their most desired trading platform. The leading software in the industry MetaTrader 4 is available and fully equipped with the important tools and extra features. The online broker allows the usage of EAs and other traditional trading techniques. MT4 is known to many pros, but beginners may be overwhelmed at first as the platform can be very confusing to newbies.

 

Luckily, AlfaTrade has alternatives to offer, such as the WebTrader. Its name suggests the purpose of the software, which is trading within a simple browser. It’s a perfect solution for those who use mobile devices for trading. Also, MT4 lovers can also download MT4Mobile, which is correctly adjusted MetaTrader terminal for smartphones and tablets.

 

At last, but not least customers can also pick Mirror Trader. The trading platform is the great solution for social trading and mainly involves copy trades. Inexperienced traders can quickly follow professionals and copy their trades. It’s a kind of automatic trading tool, which is preferred by many.

 

Security and Customer Services

AlfaTrade is very focused on safety and takes every possible measure to minimize the risks for its clients. Privacy is one of the first policies employed by the online broker, so customers can have their peace of mind and enjoy the services undisturbed.

 

Customer services are also extremely well handled. AlfaTrade uses efficient and polite representatives on various communication channels. The support team can be reached out via email, phone, live chat and even TeamViewer. Three languages are supported, and you can easily review them in the table. Clients can get in touch with AlfaTrade 24/5.

 

Deposits and Withdraws

Every registered user can take advantage of numerous transaction methods to fund his/her account. All the available options are listed in the table. The deposit takes several easy steps. First of all, the client has to open the live account and choose a preferred depositing method. Afterward, a form must be filled with all the details. An email confirmation,  identity checks and documents compliance follow to start the trading.

 

Withdrawals are also processed through some steps. A request should be filled initially with a confirmation through email. It will usually take 2 working days for the request to be processed. Some additional documentation may be requested due to AML (Anti-Money Laundering) policies and regulations. There are no hidden fees involved on the AlfaTrade’s side. However, clients should be aware that third parties may apply some extra charges.

 

Deposit Bonus and Loyalty Program

The UK online broker offers a welcoming bonus for the newly registered customers. It’s up to 50% of the initial deposit. The minimum amount of fund to qualify is $500. There are rollover requirements that must be satisfied, but they may vary according to the account type. Apart of this, there are no other promotions with money rewards. However, AlfaTrade provides extra trading benefits for its loyal traders. Free analysis and strategies are available regularly, so make sure to stay tuned to the latest news from the company.

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