Alfa-Forex charges standard spreads that start at 0.7 pips for EUR/USD. The broker appears to offer commission-free trading on its accounts, which makes this a competitive offer all round. The broker does not charge deposit fees or withdrawal fees.
| 🔍 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 Fees Spreads and Commission below.
Alfa-Forex Fees and spreads – 6 key points quick overview:
Alfa-Forex Fees and Spreads- Alfa-Forex Additional Trading Fees
- Alfa-Forex Broker Fees
- Alfa-Forex Pros and Cons
- Conclusion
- Frequently Asked Questions
Here is our overview of the Alfa Forex Fees Spreads and Commission as well as the features that are offered, which could effect your trading.
Alfa-Forex Fees and Spreads
Traders with Alfa-Forex can expect the following spread list:
Alfa-Forex charges standard spreads that start at 0.7 pips for EUR/USD. The broker appears to offer commission-free trading on its accounts, which makes this a competitive offer all round.
Alfa-Forex Additional Trading Fees
Alfa-Forex charges an inactivity fee for those accounts which remain dormant for a certain period, although the broker does not charge deposit fees or withdrawal fees. Many traders will likely incur conversion fees due to the broker’s limited selection of deposit currencies, consisting of USD, EUR, and GBP only. This is important to keep track of as such fees can chip away at withdrawable funds over time. The broker does charge swap fees, also referred to as overnight fees.
A swap or rollover fee is the net interest return on a currency position held overnight by a trader. That is, when trading currencies, an investor borrows one currency to buy another. The interest paid, or earned, for holding the position overnight is called the rollover rate. A swap-free account is available for traders of the Muslim faith, for whom such interest is strictly prohibited by Sharia law. Clients can trade on leverage with Alfa-Forex, at a maximum ratio of 1:30 for European clients and 1:200 for traders located outside of the EEA.
Alfa-Forex Broker Fees
Traders should also be sure to check with the client support or account manager on any additional broker fees which may be waived by their financial institution. As already noted, traders may be subjected to currency conversion fees should they transfer fees in a currency which is different from their account base currency. As Alfa-Forex is not a spread betting broker, and so spread betting fees will not apply.
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 |
| Commission free trading | Inactivity fees are charged |
| No deposit fees or withdrawal fees | Low leverage due to regulatory restrictions |
| No minimum deposit |
Conclusion
Alfa-Forex charges standard spreads that start at 0.7 pips for EUR/USD. The broker appears to offer commission-free trading on its accounts, which makes this a competitive offer all round. The broker does not charge deposit fees or withdrawal fees.
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Frequently Asked Questions
How many instruments can I trade with Alfa-Forex?
Alfa-Forex offers traders a wide range of asset classes which consist of the following:
- Forex
- Metals
- Commodities
- Indices
- Stocks
- CFDs
Does Alfa-Forex offer leverage?
Yes. Traders within the EEA will be able to apply for a maximum leverage of 1:30 as per ESMA regulations. Traders elsewhere and professional traders can apply for a maximum leverage of 1:200.
What spreads can I expect with Alfa-Forex?
Alfa-Forex charges standard spreads that start at 0.7 pips for EUR/USD.
Does Alfa-Forex charge commission?
No. Alfa-Forex appears to offer trading which is free of commissions.
Is Alfa-Forex regulated?
Yes. Alfa-Forex is regulated by the Cypress Securities and Exchange Commission (CySEC), which requires that brokers have special protocols in place to ensure the protection of client funds.
These include the storing of client funds in segregated accounts with top-tier banks as part of the anti-money laundering policy which prevents misappropriation on the broker’s part.
Furthermore, Alfa-Forex participates in a client compensation scheme, whereby clients will be covered for their deposits in the unlikely event of broker insolvency.
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