Buy Now

Home Forex Brokers Alfa Forex

Alfa Forex

4.7 / 10 Overall Score

Website: https://alfaforex.ru
Jurisdiction: Russia
Operating Since: 5-10 years
Regulatory Status: N/A

Score Breakdown

License
Regulation
Business
Risk Control
Software

Company & Contact

Legal Name: Alfa-Forex LLC
Phone: 74992157979
Email: support@alfa.forex
Address: г. Москва, ул. Маши Порываевой, д. 7, стр 1, эт. 1

License Info: [{"监管状态": "CBR Unverified", "牌照信息": "Russia Retail Forex License"}]

In-Depth Broker Review

What’s inside: Company overview, account types, and deposit & withdrawal guidance.

Company Profile
Account Types
Deposit & Withdrawal

Broker Details

# Alfa Forex Company

## Company Overview

Alfa Forex company is a licensed forex dealer established to facilitate trading on the foreign exchange market. It is a subsidiary of Alfa Bank, which is one of the largest private banks in Russia. The company operates under the regulatory framework set by the Central Bank of Russia, ensuring compliance with local financial laws and regulations.

Alfa Forex was founded in 2018 and has its headquarters in Moscow, Russia. The company provides a robust trading platform for clients to engage in forex trading, offering various currency pairs and trading instruments. Its primary operations include providing access to the forex market, ensuring secure trading environments, and offering professional customer support.

## Regulation and Compliance

Alfa Forex company operates under the strict oversight of the Central Bank of Russia, holding a valid forex dealer license. The license number is 045-14070-020000, which allows it to conduct forex trading activities legally within the Russian jurisdiction.

Client fund protection is a priority for Alfa Forex, as client funds are held in segregated accounts at top-tier banks in Russia. This ensures that client funds are separate from the company's operational funds, providing an additional layer of security. The company adheres to a compliance framework that emphasizes transparency and ethical practices in all dealings.

## Global Presence and Market Coverage

Alfa Forex primarily serves the Russian market, being a significant player in the local forex trading space. It offers a range of trading instruments, including over 41 currency pairs, and has established itself as a leading forex dealer in Russia. The company aims to expand its reach and enhance its product offerings to meet the growing demand from clients.

While its main operations are concentrated in Russia, Alfa Forex is open to serving clients from other regions, leveraging its strong technological infrastructure and regulatory compliance to attract a broader customer base.

## Financial and Operational Data

Alfa Forex has established itself as a major player in the Russian forex market, boasting a significant number of active clients. The company has implemented advanced technology solutions to support its trading operations, including the use of the MetaTrader 5 platform, which is widely recognized for its reliability and user-friendly interface.

The company does not publicly disclose detailed financial data, but it emphasizes a commitment to providing competitive trading conditions and maintaining a high level of customer service.

## Reputation and Industry Standing

Alfa Forex company is perceived positively within the forex and financial community, largely due to its affiliation with Alfa Bank, which has a strong reputation in the banking sector. The company has positioned itself as a trustworthy forex dealer, emphasizing client safety and regulatory compliance.

Alfa Forex's standing in the market is further enhanced by its participation in the Association of Forex Dealers, which promotes ethical practices among its members and fosters a credible trading environment for clients.

## Summary

In summary, Alfa Forex company is a licensed forex dealer operating under the regulatory oversight of the Central Bank of Russia. With a focus on client security, compliance, and robust trading infrastructure, the company has established itself as a reputable entity in the Russian forex market. Its affiliation with Alfa Bank enhances its credibility, making it a trusted choice for traders seeking reliable forex trading services.

Account Types

# Alfa Forex Account Types

Alfa Forex offers a range of account types tailored to different trading needs and experience levels. Below are the available account types:

### 1. Standard Account
- **Minimum Deposit Requirement:** None
- **Spreads or Commission Model:** Spreads starting from 0.7 pips
- **Leverage Limits:** Up to 1:200
- **Trading Instruments Available:** 36 forex pairs, metals, commodities, indices, stocks, and CFDs
- **Base Currencies Supported:** USD, EUR
- **Execution Model:** Market execution
- **Unique Features:** Suitable for both beginners and advanced traders.

### 2. ECN Account
- **Minimum Deposit Requirement:** $500
- **Spreads or Commission Model:** Raw spreads from 0.0 pips, commissions from $15 per million traded
- **Leverage Limits:** Up to 1:500
- **Trading Instruments Available:** 50+ forex pairs, gold, silver, and CFDs
- **Base Currencies Supported:** USD, EUR
- **Execution Model:** ECN
- **Unique Features:** Ideal for scalping and high-frequency trading.

### 3. Islamic Account (Swap-Free)
- **Minimum Deposit Requirement:** $200
- **Spreads or Commission Model:** Competitive spreads starting from 1.0 pip
- **Leverage Limits:** Up to 1:500
- **Trading Instruments Available:** All currency pairs
- **Base Currencies Supported:** USD, EUR
- **Execution Model:** Market execution
- **Unique Features:** Compliant with Shariah law; no overnight interest charges.

# Alfa Forex Broker Account Opening Process

To open an account with Alfa Forex, follow these steps:

1. **Visit the Alfa Forex Website:** Go to the official Alfa Forex website.
2. **Select Account Type:** Choose the trading platform you prefer (MT4, MT5, or ZuluTrade).
3. **Complete Registration:** Fill out the registration form with your personal information, including your name, email address, and phone number.
4. **Submit Documents:** Provide any required identification documents as per the broker's KYC (Know Your Customer) process.
5. **Account Verification:** Your documents will be reviewed, and you will receive confirmation once your account is activated, typically within 24 hours.
6. **Deposit Funds:** Once verified, you can deposit funds using various methods such as credit cards, bank transfers, or online payment systems.
7. **Start Trading:** After funding your account, you can start trading on your chosen platform.

This streamlined process allows traders to quickly get started in the forex market with Alfa Forex.

Deposit & Withdrawal

# Alfa Forex Deposit & Withdrawal Guide 2025: Methods, Limits, and Processing Times Explained

## Alfa Forex Minimum Deposit Explained

### Exact Minimum Deposit Amount
The minimum deposit for opening an account with Alfa Forex is typically **$100**. This amount may vary based on the type of account chosen.

### Account-Type Comparison
Alfa Forex offers different types of accounts, each with its own minimum deposit requirements:
- **Standard Account**: Minimum deposit of $100.
- **ECN Account**: Minimum deposit of $500.
- **Islamic Account**: Minimum deposit of $100, compliant with Sharia law.

### Regional Differences
Minimum deposit requirements can vary by region. For example, clients in certain countries may have different minimums due to local regulations or currency differences.

### Advantages
1. **Low Entry Barrier**: With a minimum deposit of $100, it is accessible for beginners.
2. **Variety of Account Types**: Different accounts cater to various trading styles and experiences.
3. **Regulated Environment**: Operating under regulatory oversight provides a level of security for traders.
4. **Flexible Funding Options**: Multiple deposit methods are available, accommodating different preferences.

### Disadvantages
1. **Higher Minimum for ECN**: Experienced traders may find the $500 minimum for ECN accounts restrictive.
2. **Limited Bonuses**: Some competitors may offer more attractive deposit bonuses.
3. **Currency Fluctuations**: Minimum deposits can be affected by currency exchange rates in different regions.
4. **Verification Delays**: New clients may experience delays in account verification before being able to deposit.

### Competitor Comparison
Compared to other forex brokers:
- **Broker A**: Minimum deposit of $50 but fewer account types.
- **Broker B**: Minimum deposit of $200 with a focus on educational resources.
- **Broker C**: No minimum deposit but higher spreads.

## Alfa Forex Deposit Methods Comprehensive Guide

### Available Deposit Methods
1. **Bank Transfer**
   - **Processing Time**: 2-3 business days
   - **Fees**: Your bank’s commission
   - **Availability**: Global
   - **Limits**: Minimum $100
   - **Pros**: Secure, widely accepted
   - **Cons**: Longer processing time

2. **Credit/Debit Cards**
   - **Processing Time**: Several hours
   - **Fees**: 2.5%
   - **Availability**: Visa, Mastercard
   - **Limits**: Minimum $100
   - **Pros**: Instant processing, user-friendly
   - **Cons**: Fees apply

3. **E-Wallets**
   - **Skrill**
     - **Processing Time**: Instant
     - **Fees**: 2.4% + €0.29
     - **Limits**: Minimum $10
     - **Pros**: Fast, low minimum
     - **Cons**: Fees can accumulate
   - **Neteller**
     - **Processing Time**: Instant
     - **Fees**: Commission-free
     - **Limits**: Minimum $10
     - **Pros**: No fees, fast transactions
     - **Cons**: Availability may vary by region

4. **Cryptocurrency**
   - **Bitcoin, Ethereum, Litecoin**
     - **Processing Time**: Instant
     - **Fees**: Network fees apply
     - **Limits**: Minimum $50
     - **Pros**: Anonymity, fast processing
     - **Cons**: Price volatility

5. **Local Options**
   - **Specific to regions** (e.g., local bank solutions)
     - **Processing Time**: Varies
     - **Fees**: Often commission-free
     - **Limits**: Minimum $100
     - **Pros**: Convenient for local traders
     - **Cons**: Limited to specific regions

### Supported Currencies and Recommended Methods
Alfa Forex supports deposits in multiple currencies, including USD, EUR, and local currencies based on the trader's region. Recommended methods for quick processing include credit/debit cards and e-wallets.

## Alfa Forex Deposit Steps Explained

### Step-by-Step Deposit Procedure
1. **Log in to Your Account**: Access your Alfa Forex account.
2. **Select Deposit Option**: Navigate to the 'Deposit' section.
3. **Choose Deposit Method**: Select your preferred payment method.
4. **Enter Deposit Amount**: Specify the amount you wish to deposit.
5. **Complete the Transaction**: Follow the prompts to finalize your deposit.

### Mobile vs Web Differences
Both mobile and web platforms allow for deposits, but the mobile app may offer a more streamlined experience, especially for e-wallets and quick payments.

### KYC Notes and Common Issues
- **KYC Requirements**: Complete your identity verification to avoid delays.
- **Common Issues**: Incorrect payment details or unsupported payment methods can lead to failed transactions. Always double-check your information.

### Typical Fund Crediting Times
Deposits via credit/debit cards and e-wallets are usually credited instantly, while bank transfers may take 2-3 business days.

## Alfa Forex Withdrawal Methods Overview

### Available Withdrawal Channels
1. **Bank Transfer**
   - **Processing Time**: 2-3 business days
   - **Fees**: 0.1% (min $13)
   - **Currencies**: USD, EUR
   - **Pros**: Secure and reliable
   - **Cons**: Longer processing time

2. **Credit/Debit Cards**
   - **Processing Time**: Up to 2 business days
   - **Fees**: $2.90 + 1.2%
   - **Currencies**: USD, EUR
   - **Pros**: Familiarity and ease of use
   - **Cons**: Fees apply

3. **E-Wallets**
   - **Skrill**
     - **Processing Time**: 1 business day
     - **Fees**: 2.5%
     - **Pros**: Quick and easy
     - **Cons**: Fees can accumulate
   - **Neteller**
     - **Processing Time**: 1 business day
     - **Fees**: No fees
     - **Pros**: Fast and free
     - **Cons**: Limited to certain regions

4. **Cryptocurrency**
   - **Processing Time**: 24-48 hours
   - **Fees**: Network fees apply
   - **Pros**: Fast and anonymous
   - **Cons**: Price volatility

### Pros and Cons Per Method
- **Bank Transfer**: Secure but slow.
- **Credit/Debit Cards**: Familiar but incurs fees.
- **E-Wallets**: Fast and efficient but can have fees.
- **Cryptocurrency**: Quick but subject to market fluctuations.

### Recommended Options by Cost and Speed
For cost-effectiveness and speed, **Neteller** and **Skrill** are recommended for e-wallet withdrawals, while **credit cards** provide a balance of convenience and speed.

## Alfa Forex Withdrawal Steps Explained

### Step-by-Step Withdrawal Instructions
1. **Log in to Your Account**: Access your Alfa Forex account.
2. **Navigate to Withdrawals**: Go to the 'Withdrawal' section.
3. **Select Withdrawal Method**: Choose your preferred withdrawal method.
4. **Enter Withdrawal Amount**: Specify how much you wish to withdraw.
5. **Submit the Request**: Follow the prompts to complete your withdrawal.

### ID Verification Requirements
Before processing withdrawals, ensure that your identity has been verified. This process typically includes submitting identification documents.

### Expected Fund Arrival Time
Withdrawal requests are generally processed within 1-2 business days, but actual arrival times may vary based on the chosen method.

### Typical Delay Reasons and Fixes
Delays can occur due to:
- **Incomplete KYC**: Ensure all documentation is submitted.
- **Bank Processing Times**: Allow additional time for bank transfers.
- **Incorrect Details**: Verify that withdrawal details are accurate.

## FAQs – Alfa Forex Deposits & Withdrawals

### What is the minimum deposit for Alfa Forex?
The minimum deposit is **$100** for standard accounts.

### How long do withdrawals take?
Withdrawals typically take **1-3 business days**, depending on the method used.

### Are there fees for deposits or withdrawals?
Yes, fees apply for certain deposit and withdrawal methods, such as credit cards and e-wallets.

### Can the same method be used for both?
Generally, yes, but it is recommended to check specific requirements for each method.

### Are crypto or local methods supported?
Yes, Alfa Forex supports cryptocurrency deposits and withdrawals, as well as various local payment methods.

Disclaimer: This card is for informational purposes only and does not constitute investment advice. Always verify details with official disclosures and regulators.

Alfa Forex

Alfa Forex

Score Breakdown

Company & Contact

In-Depth Broker Review

Subscribe to our Newsletter