ALFAFINANCIALS

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Advantages:

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Disadvantages:

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About company:

Alfa Financials is a broker offering Forex, CFD, metals, commodities, futures trading.

Company. Fund security

The company is regulated by the Central Bank of the UAE (No. 126/5/95) and has over twenty years of experience.

The Central Bank of the United Arab Emirates is the government agency responsible for the management of currency, monetary policy and banking regulation in the United Arab Emirates. Alpha is one of a small number of investment and brokerage firms that are licensed and regulated by the UAE Central Bank.

The company is headquartered in Dubai.

Trading conditions

Alfa Financials offers its clients a single account with up to 1: 100 leverage and variable spreads on its own Alfa Trader platform.

Micro lots are available for trading.

Minimum initial deposit

To open an account with Alfa Financials, traders must invest a minimum of $ 10,000. This minimum initial amount is high for the Forex market. Other brokers require less, for example, only $ 5.

Spreads and commissions

Alfa Financials' single account provides variable spreads starting at 1.0 pips on EUR / USD, which is average. But clients pay a flat fee of $ 15 per lot. In addition, VAT is levied on all commissions (currently set at 14%).

Leverage

The maximum leverage level offered by Alfa Financials is 1: 100, which is considered a small value.

However, if you are looking for a higher leverage, you can find brokers in our ranking that offer from 1: 500.

Trading platform

Alfa Financials offers two trading platforms for trading: AX1 Trader and MetaTrader4.

MT4 is known to most traders who are active in trading. The main advantage is the ability to use advisors to automate work.

AX1 Trader is a new generation platform. The modules included in the platform provide a wide range of customized solutions to meet the needs of any type of business in the rapidly changing world of financial trading.

AX1 Trader is easy to use and provides relatively fast and reliable performance. It offers a variety of order types, including stop loss, advanced charting, and technical analysis tools and automated strategies.

Support service

From the available contacts, the phone number, live chat, callback request are indicated.

Ways of payment

Unlike most brokers, Alfa Financials does not offer a variety of deposit and withdrawal methods. It only uses bank transfer.

You can open a live account and deposit in USD or ZAR.

Pros:

more than 20 years in the industry; regulated broker.

Minuses:

high initial deposit; no choice of trading platforms and payment methods; high commission.

FAQ - BROKER QUESTIONS ALFAFINANCIALS

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Can the broker ALFAFINANCIALS be considered honest?
Before any trading and choosing a broker, you should always read reviews on our portal, as well as on other resources. Brokers that are honest have a rating above 3.8. There is also always a risk of losing investments when trading CFDs. Be careful and read the risk warning on the broker's website. ALFAFINANCIALS received a rating of 1 out of 5 on our resource.