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Overview

Alfa-Forex was founded in 2003 under the management of the company ALFA FOREX LTD. The broker forms a part of the banking group Alfa-Bank, which is an integral part of the Consortium "Alfa-Group", created in 1989.

Alfa-Forex is a fast-growing broker, providing quality services on the Forex market. Popular trading platforms, where Forex trading advisors can be used for more profitable trading, are available for customers of the broker for trading on the foreign exchange market.

Nowadays Alfa-Forex has established the most profitable spread on the currency pair EUR/USD, which is only 1 point.

New Forex traders can familiarize with the learning materials on the site of the broker and then visit the webinars, which are going to be held in the near future.

Bonuses

Alfa Forex Broker holds for its customers several promotions where good Forex bonuses may be received.

The promotion Welcome-Bonus to Every New Client is held at the end of the year within a month and it allows users to obtain free of charge the amount of 1500 rubles, or $50, or 40 Euro for trading, depending on the kind of trading account that is opened by a new customer of Alfa-Forex. According to the promotion of the broker, customers can take advantage of this Forex bonus and start trading, receiving a profit, but they have the right to trade only with the help of the trading platform MetaTrader5. The whole profit traders can use to further trade or withdraw it from trading accounts. If the trader will make a trade turnover of more than 50 lots, a Forex bonus can be withdrawn from the trading account by the trader in any possible way. Alfa Forex Broker may refuse any client to participate in this promotion without explanation.

The contest New Year Quiz is held in December and it is open to all customers of Alfa-Forex. Every day within a month it is necessary to answer the simple questions. The winners are determined the next day and get various gifts and cash prizes from the broker.

Training

Alfa Forex Broker offers all users an opportunity to become familiar with learning materials on the foreign exchange market Forex.

Online guide allows users to learn about what the market Forex is, as well as learn all the basic concepts of the foreign exchange market. Forex traders also learn what technical analysis is and how to use Forex indicators, what fundamental analysis is and how to use the news.

Glossary gives customers the opportunity to learn all the terms used on the Forex market, such as Forex quotes, Forex trading indicators, Forex trading advisors and others.

Specification of contracts allows users to study in detail the main trading instruments that are used while trading on Forex.

Demo account is available for every registered user on the site of Alfa Forex Broker, where customers may safely trade virtual currency in real time.

In the near future the broker is going to launch online training using webinars. It will be announced later on its site. Webinars are hosted by highly skilled specialists, who will be able to answer all the questions of new Forex traders about operations on the foreign exchange market.

Terms of trading

Alfa-Forex Broker offers the following trading conditions for Forex traders:

- the foreign currency account (the base currency)

- no minimum deposit

- the leverage is 1:100

- 32 currency pairs, gold and silver)

- spread is fixed from 1 to 3 points

- Stop-Out - 20%

- no commission for transactions

MetaTrader 4

- multi-language support

- Instant Execution order

- MetaQuotes Language 4 (operations with Forex trading advisors)

- quotes export via DDE

- charts printing

MetaTrader 5

- multi-language support

- Instant Execution order

- MetaQuotes Language 5 (operations with complicated and profitable Forex trading advisors)

- quotes export via DDE

- high productivity due to the support of several components-servers

- charts printing.

Forex indicators (recommended)

- Flat trend

- Silver trend Signal

- Zero Cross Alert

- 3 Shade Open

Forex expert advisors (recommended)

- Progressor v 1.5 (a trading Forex advisor that operates completely automatically after setup of the required parameters)

- NeroProfit (a mechanical trading advisor that calculates quite accurately the time of entrance to the market and its leaving that allows users to make a good profit)

- Megadroid (an automatic trading advisor that caused quite a stir among professional traders, as it made considerable profit on the currency pair EUR/USD in 95% of cases).

Investments

Currently, Alfa-Forex does not provide services of funds investment in successful managers, which significantly limits the income of highly skilled traders and it limits also customers of the bank in earning extra money with the help of competent investment of funds in trading on the foreign exchange market.

Unique features

Alfa-Forex traders can take advantage of the analytical data from the leading professionals of the company, which are constantly updated, and based on them, customers can either verify the accuracy of their calculations, or to make the necessary adjustments that will undoubtedly lead to a more profitable trading on the foreign exchange market. Alfa Forex allows its customers to earn money using affiliate programs both natural and legal persons.

The program Introducing Broker is aimed at natural persons who attract new customers. Broker is ready to pay compensation to people involved in the search for new customers. More detailed conditions of work are provided after filing in the application form.

The program White Label is designed for legal persons. According to it, they can organize their own trading platform with the help of the broker and to make a profit on difference in spreads, which are discussed with Alfa Forex after approval of all documents and rules of operations.

Add/withdraw funds

Alfa-Forex allows trading accounts funding only to customers of Alfa-Bank, as there are no other ways to credit the account. Users can withdraw funds on the accounts of Alfa Bank or on the accounts of other banks. In the near future the broker is going to add a service of account funding via bank cards VISA and Master Card.

Contacts

Alfa-Forex provides the comprehensive support to its customers via online chat, e-mail address and free phones [email protected] for residents of Russia 8-800-100-62-02, and users can be consulted by telephone 8-495-785- 96-69 or get technical support on the following number 8-495-783-50-90.

Cons and pros

+ the fast-growing broker

+ no minimum deposit

+ small spread

+ good leverage

- no online training

- few ways of deposit and withdrawal of funds

- no bonuses

- few promotions and contests for traders.

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