Forex Brokers

Alfa-Forex

Alfa Forex is a Russian online foreign exchange broker that provides investors with trading tools and money management services.

Alfa Forex is a Russian online foreign exchange broker that provides investors with trading tools and money management services. Alfa Forex claims to hold a retail foreign exchange license authorized by the Central Bank of Russia (license number: 045-14070-020000).

Security Analysis

The Russian CBR retail foreign exchange license held by Alfa Forex is suspected to be a dummy, so in fact Alfa Forex is an unregulated foreign exchange broker. The most important factor in measuring the security of a foreign exchange trading platform is whether it is formally regulated. Unregulated traders cannot protect the security of customer funds. Investors should stay away from Alfa Forex, a foreign exchange broker.

Financial Instruments

Alfa Forex provides investors with 29 popular currency pairs in the foreign exchange market, such as EURUSD, GBPUSD, USDRUB, EURRUB, USDJPY, etc.

Leverage & Account

The trading leverage of Alfa Forex's major currency pairs such as EURUSD, GBPUSD, USDRUB, USDCHF is 1:40, and the trading leverage of USDZAR and USDMEX is 1:20. Investors need to hold a Russian passport to open an investment account on Alfa Forex.

Spread & Fees

The EURUSD spread on the Alfa Forex platform is 1.2 pips, the GBPUSD spread is 2.1 pips, the USDJPY spread is 2 pips, the USDCHF spread is 1.7 pips, and the USDCAD spread is 1.8 pips.

Trading Platform

Alfa Forex provides traders with a white label MT5 trading platform. MT5 is the latest version of MT4. It has all the positive functions of MT4, has 21 time periods, and 70 technical indicators. The operation speed of the MQL5 programming language will increase Several times faster, the EA testing function is more powerful, there are five order types and four execution modes, which can implement different order strategies. MT5 can provide more financial products. In addition to precious metals, foreign exchange, and futures, it also provides real-time quotations and transactions of financial investment products such as stocks and options, and the products traded are more diversified.

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