They are regulated by Securities and Exchange Commission , Financial Industry Regulatory Authority . Alfa Forex is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams. The process to start trading withAlfa Forex is perhaps simple enough to be a cakewalk.

Regarding orders execution model, Alpha FX is an a-book broker. Alpha FX offers trading of currencies, indices, shares, CFDs and commodities. Alpha FX is regulated by the FCA . Another area of excellence is the brokerages level of customer care and support. Alfa-Forex offers customer support 24 hours a day, 5 days a week via a variety of methods including email and telephone support with call back functionality. As well, traders can browse the extensive support page that comes complete with numerous FAQs and informative articles and content.

Why Does Alfa Forex Ask For My Passport?

Alfa-Forex MetaTrader5 platform is no different than other MetaTrader5 platforms. That is the main reason forex traders love this type of platform. It delivers them a familiar interface, even though MetaTrader5 can be a bit confusing at the beginning, especially for traders who are used to simpler platforms.

Not so good trading terms. Very low leverage and a lot of policies upon withdrawal. They always sound so unhelpful and their remarks are very sarcastic. Poor broker signals. I am not gaining decent profit from this broker. Will never trade with them again.

Alpha Financial Group Review : Scam Or Legit Broker? Find Out !!

Check out our comprehensive trading education and list of best Forex brokers list here. If you are interested in following the latest news on the topic, please follow Finance Brokerage on Google News. The goal of this Alfa-Forex review is to inform you of their advantages and disadvantages, so you can make a clear choice whether you wish to trade with them.

Finally, it was increased by 1.5 million dollars, and the company paid a fine of 10,000 dollars to the National Futures Association of the US. In June 2015 Forex Club launched the trading platform Libertex. Many companies who have been in finances for long also decide to enter the Forex market by establishing an affiliate company, or Forex company with the same name. The global conglomerates simply expand their businesses to different services after they have already made a name and developed a recognizable brand.

Trading Environment

Vimal is cheater So don’t inverts in this company. Next month I am going to give complaint to DGP. Worst ever broker. Collects innocent people money and never gives payouts. Their MAM account is a totall scam.

  • Funds are re-deposited in the same accounts from where they came.
  • The robot does all the work for you.
  • It is very difficult to withdraw profit, they gave me tons of requirements and terms that are so difficult to comply.
  • All my money was gone in limbo.
  • They’re charged for operations like depositing money, not trading for long periods, or withdrawals.

Did you have a good experience with this broker? Tell our team and traders worldwide about your experience in our User Reviews tab. Your email address will not be posted. Pushing you to deposit more and more money, dragging you to mirror trading and only cares about number of trades. This company director name is vimal.

Capital Alpha Bonus

But is this broker legit and should you try them? Our research shows that Alpha Financial Group is a legit broker. No, Alfa Forex does not offer customer support over the telephone. Alfa Forex unfortunately, does not offer guaranteed stop loss. Alfa Forex gives a chance for its dealers to close their trades at their given price. Aside from that, Alfa Forex doesn’t offer guaranteed stop loss.

What Is The Minimum Deposit For Alfa Forex?

You have to go to a separate window and put in a lot of your credentials before you gain access to the chat. This simply makes it seem like the broker can’t keep up with the current digital developments. The callback button at the right corner on the screen makes you wonder how long it would take to receive a solution to your issues. Overall, the customer service is not too impressive for this day and age.

Alfa Forex is an online brokerage platform, and most online brokerages charge lower prices than traditional brokerages tend to bill. The cause of this is that the companies of online brokerages are scaled much better. In other words, an internet broker isn’t necessarily influenced by the number of customers they have. Another concern with fiscal brokers with respect to safety may be manipulation of trading. This is highly disadvantageous to users on these platforms.

A few features that attract beginner traders to the Alfa-Forex is the minimum deposit of zero. Apart from this users are provided with PAMM investment service for independent trading. Currency Risk AlfaTrade provides its clients with several excellent trading platforms. Among the list of other market tools is the Guardian Angel which is accessible directly from within MT4.

However, on average, through continual trading, you also can create between 2% – 10% profit a month. Alfa Forex safeguards its customers’ private and sensitive information under SSL encryption. Your funds will be kept highly secure in top-tier banks. There is a minimum withdrawal amount. In the event you are withdrawing cash in different currencies from USD, a conversion fee is also important.

How To Trade With Alpha Financial Group Through Bitcoin Loophole

They called me so many times but I refuse to join them. It is unfortunate that Alfa-Forex offers not bonuses or promotions, but it might be too much to ask for with such minimal requirements. We are hoping to see Alfa-Forex develop their bonus system soon in the future, as many other competitors can easily outrank them with their reward systems.

After doing really well with the demo account I opened a live account and lost all my money. After loosing everything, it suddenly becomes difficult to contact the broker even their customer service. A slow process of withdrawals, poor customer service, and platform technical issues are among Underlying the reason I have changed my broker. The spread and commissions are average for the industry, starting from 0.7 pips for EURUSD. It is still a big plus that there are no additional commissions on trading. The leverage is higher than the number set by CySEC, which might seem a little alarming.

Very slow withdrawal process. They gave me hard time and ask for so many documents. I did gallant capital markets not gain profit trading with this broker. I am not satisfied with this broker service.