Alfa-Forex offers a 100% free demo account which is funded with virtual currency, allowing you to test the broker’s trade features without risking your own investments.
| 🔍 Broker's Name | Alfa-Forex |
| 📍 Headquartered | Nicosia, Cypress |
| 📅 Year Founded | 2011 |
| ⚖️ Regulating Authorities | CySEC, CBR, SEC, FINRA |
| 🌐 Countries not accepted for trade | Not indicated |
| ☪️ Islamic account (swap-free) | Yes |
| 👍 Demo Account | Yes |
| 📊 Institutional Accounts | No |
| 📊 Managed Accounts | No |
| 📈 Maximum Leverage | 1:200 |
| 💰 Minimum Deposit | None |
| 💳 Deposit Options | · Credit cards · Bank Transfer · Alfa-Click · UnionPay |
| 💳 Withdrawal Options | · Credit cards · Bank Transfer · Alfa-Click · UnionPay |
| 💻 Platform Types | MetaTrader 4, MetaTrader 5 and ZuluTrade |
| 📱 OS Compatibility | Windows, Mobile, Web, iPhone, iPad PC and Mac OS, mobile for Android and IOS |
| 📈 Tradable assets offered | · Forex · Metals · Commodities · Indices · Stocks · CFDs |
| 👨💼 Languages supported on Website | English, Russian, Czech, Polish |
| 👥 Customer Support Languages | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, Hindi, Hebrew, Arabic, Russian |
| 📆 Customer Service Hours | 24/5 |
| 👉 Open a account | Click Here |
Min Deposit
USD 0
Regulators
CySEC, CBR, SEC, FINRA
Trading Platform
MT4, MT5, Zulutrade
Crypto
Yes
Total Pairs
33
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Choose your quick section of our Alfa Forex Demo Account below.
Alfa-Forex Demo account – 5 key points quick overview:
How to set up a Alfa-Forex Demo Account – Step by Step- Alfa-Forex Demo Account Features
- Alfa-Forex Pros and Cons
- Conclusion
- Frequently Asked Questions
Here is an overview of the Alfa Forex Demo Account as well as the features that are offered.
How to set up a Alfa-Forex Demo Account – Step by Step
Opening a demo account with Alfa-Forex will consist of the following steps:
1. Step 1: Select the option to open a demo account.
Click on the option to open a demo account, which can be found at the top of the broker’s website.
2. Step 2: Complete the form.
Complete the online registration form. You will have to provide your full name and contact details and select the trading conditions you wish to simulate in the demo version, such as the trading platform and the account currency.
3. Step 3: Submit
Submit your registration. You will be sent an email from the accounts department with your login details. Click the link in the email to launch your new demo account.
A forex demo account is also referred to as a practice account, which is used for practicing trading or to test a new trading strategy without any risk to actual money. A forex demo account is also intended for beginners to get familiar with the various aspects of trading. As such, a demo account will allow traders to learn how to place orders, managing existing trade positions as well as more advanced functions such as testing or fine tuning a trading strategy.
If you are new to trading, then it is highly recommended that you first open a forex demo account until you are comfortable with both your trading strategy as well as the intended trading platform itself.
Alfa-Forex Demo Account Features
The demo account from Alfa-Forex is funded with virtual currency, allowing you to test the broker’s trade features without risking your own investments. If you decide to sign up for a real account, you can do so by converting your demo account and saving all your information.
The demo account gives access to the MT4 trading platform. Using this software, beginner traders will be able to become better acquainted with its many features, charts, indicators, and time frames before using it in a live trading environment on the Forex market. Those who are already acquainted with the MT4 platform can use the demo account to test its features against the trading conditions provided by Alfa-Forex.
Min Deposit
USD 0
Regulators
CySEC, CBR, SEC, FINRA
Trading Platform
MT4, MT5, Zulutrade
Crypto
Yes
Total Pairs
33
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Alfa-Forex Pros and Cons
| ✔️ Pros | ❌ Cons |
| Demo account does not expire | |
| Demo account gives access to MetaTrader platform |
Conclusion
Alfa-Forex offers a 100% free demo account which is funded with virtual currency, allowing you to test the broker’s trade features without risking your own investments. Alfa Forex Demo Account offers many features for traders. Traders have access to the same functions, features, and options that they normally would on a live trading account.
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Frequently Asked Questions
What is the difference between a demo and live trading account?
A demo account offers the use of virtual funds instead of actual capital. This allows for risk-free trading as well as exploring of both the broker’s offer and the trading platform.
A demo account can be used for a variety of reasons including practice trading, testing trading strategies, exploring platforms and offers, and more.
Does Alfa-Forex offer a demo account?
Yes, Alfa-Forex offers a free demo account to all new traders.
For how long is the demo account valid?
The demo account from Alfa-Forex does not expire.
Which live trading accounts does Alfa-Forex offer?
Alfa-Forex offers one account type which can be opened using three different platform types, consisting of MetaTrader 4, MetaTrader 5 and ZuluTrade.
What are the available deposit currencies for a live trading account?
Alfa-Forex accepts USD, EUR, and RUB as deposit currencies.
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