Alfa-Forex broker review
Alpha Forex has been providing financial services worldwide for over 10 years. The company partners with the largest and the most powerful banks in Eastern Europe, which proves its reliability.
For its success and commitment to customer satisfaction, Alpha Forex has been awarded numerous prizes, including Best Broker in Eastern Europe (2013, 2014) and the Broker of the Year (2013).
Alpha Forex was one of the first brokers to use MetaTrader5 trading platform. As already mentioned, the company has partnered with a lot of respectful financial institutions, just to name a few: Goldman Sachs, Credit Suisse, Deutsche Bank, P Morgan Chase, Bank of New York, Barclays Bank, Citibank, Dresdner Bank.
Alpha Forex offers ideal order execution policy, best trading conditions and interbank liquidity. The company's reputation and large volumes of their trades are the best guarantee of a fruitful and lucrative cooperation. For now, the total of Alpha Forex clients exceeds 20,000, and their total monthly turnover ascends to $50 billion.
Alpha Forex allows you to trade via MetaTrader 4 and MetaTrader 5, as well as through ZuluTrade, an automatic trading platform. For MetaTrader 4, Market Execution model is used, for other platforms Instant Execution is in place.
When opening an account with Alpha Forex, there will be no minimum deposit requirements; you are welcome to deposit as much as you need to make a trade. While trading via MetaTrader5, the minimum position size is 0,01 lot with a 0,01 minimum increment; on MetaTrader 4, both minimum position size and the increment are 0,1. On ZuluTrade the minimum position size is also 0,1. There is no limit for maximum position size.
The minimum spread on Alpha Forex is 0.7 pips for MetaTrader 4 and MetaTrader 5 and 2.2 pips for ZuluTrade. There are no commissions for trades and account maintenance if you trade via MetaTrader. For ZuluTrade, the commission is 1.5 pips per trade, but it is already included into spread. The swaps are according to the market.
You can open an account in EUR, USD or RUB. The leverage is 1:100 and the stop out level, 20%. While trading with Alpha Forex, you can use the following assets: 33 currency pairs, precious metals and 67 CFD's.
To deposit or withdraw on Alpha Forex, you can use debit or credit cards, as well as wire transfer or WebMoney. Funds deposited via credit card or e-wallet are cashed in instantly to your account. No deposit or withdrawal commissions are taken.
For VIP clients Alpha Forex offers special conditions, such as better swap, customized leverage, premium service packages, personal account manager, customized market analysis and extra fast withdrawals.
- Interbank liquidity
- Goldman Sachs, Credit Suisse, Deutsche Bank, P Morgan Chase, Bank of New York, Barclays Bank, Citibank, Dresdner Bank
Leverage on is set at 1:100
- Leverage on is set at 1:100
No maximum deposit or position size limits
- Spreads start from 0.7 pips
MetaTrader5 - 0.01 minimum position,MetaTrader4 - 0.1 minimum position
- Great selection of assests
33 currency pairs, 67 CFD's
- Quick deposit and withdrawal
No commissions for banking transactions
- PAMM accounts
Daily market analysis
Rate Only authorized users