Alfa Financials পর্যালোচনা

On-line since: 1994
Country of origin: UAE
Regulation: Central bank of the UAE
Payment options: wire transfer
Minimum account size: $10,000
Minimum lot size: 0.01 lots
Leverage: up to 1:100
Spreads: fixed, floating

About the company:

Alfa Financials is a broker who provides trading CFDs, metals, goods and futures in Forex.

Company. Security of Funds

The company is regulated by the Central Bank of the United Arab Emirates (No 126/5/94) and has been operating for more than twenty years.

The Central Bank of the United Arab Emirates is the state institution responsible for managing the currency, monetary policy and banking regulation in the United Arab Emirates. Alfa is one of a small number of investment and brokerage firms to be licensed and regulated by the Central Bank of UAE.

The company’s headquarters are located in Dubai.

Trading conditions

Alfa Financials offers traders a unified account with leverage of up to 1:100 and variable spreads on their own Alfa Trader platform.

Micro lots are available.

Minimum deposit

Traders should invest minimum $10,000 to open an account with Alfa Financials. Such minimum deposit is quite high for the Forex market. Other brokers require less, for example, only $5.

Spreads and commissions

The only Alfa Financials account provides spreads from 1.0 pips on EUR/USD, and this is an average. However, the clients pay a fixed commission of $15 per lot. Besides, the VAT is charged on all commissions (currently set at 14%).

Leverage

The maximum leverage level, ensured by Alfa Financials, is 1:100, which is considered a low ratio.

However, if you need higher leverage, you can find brokers who offer leverage equal to 1:500 in our rating.

Trading platform

Alfa Financials provides two trading platforms: AX1 Trader and MetaTrader4.

MT4 is well-known among those who trade actively. The main advantage is the opportunity to use advisors to automate your work.

AX1 Trader is a new generation platform. Modules, that comprise the platform, render a wide range of individual decisions, eligible for 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 various order types, including Stop Loss and Take Profit, advanced charting package, as well as technical analysis tools and automated strategies.

Support Service

The support is available via phone, live chat and callback service.

Payment options

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

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

Advantages:

• more than 20 years of operation;
• regulated broker.

Disadvantages:

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