Alfa Forex Minimum Deposit

Alfa-Forex does not have a minimum deposit amount to open a broker account. As such, traders can choose to open an account with an initial investment that best suits them and their trading goals.

Overall Rating

• 3.6/5

Read Review

OPEN AN ACCOUNT

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 Minimum Deposit below.

Alfa-Forex Minimum Deposit – 6 key points quick overview:

1. Alfa-Forex Minimum Deposit
2. Alfa-Forex Deposit fees and deposit methods
3. Step by step guide to deposit the minimum amount
4. Alfa-Forex Pros and Cons
5. Conclusion
6. Frequently Asked Questions

Here is our overview of the Alfa Forex Minimum deposit as well as the pros and cons as well as features that are offered to traders.

Alfa-Forex Minimum Deposit

Alfa-Forex does not have a minimum deposit amount to open a broker account. As such, traders can choose to open an account with an initial investment that best suits them and their trading goals. That said, it is generally recommended not to trade with less than $50 – $100 (R697.94 – R1395.88 USD/ZAR at the time of writing) to avoid going below your own margins during your trade sessions.

Alfa-Forex Deposit fees and deposit methods

Alfa-Forex has a relatively limited selection of deposit and withdrawal methods, which nonetheless consist of some popular options, as listed below:

In terms of deposit security, 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. With regards to deposit currencies, Alfa-Forex only accepts USD, EUR, and RUB, which is a limited selection. Traders depositing in smaller currencies, such as ZAR/Rand, will likely incur conversion fees.

The broker does not charge for either deposit fees or withdrawal fees. However, your selected payment provider may charge a processing fee which is beyond the broker’s control.

Step by step guide to deposit the minimum amount

Depositing into your account with Alfa-Forex consists of the following steps:

1. Step 1: Log into your account.

Go to the trading portal on the Alfa-Forex website by logging into your personal account.

2. Step 2: Select option to deposit.

Select the option to make a deposit from your account dashboard.

3. Step 3: Choose your preferred payment method.

Choose your preferred payment method. This will be the same method by which you can make withdrawals in future.

4. Step 4: Choose how much you want to deposit.

Indicate the amount your wish to deposit.

5. Step 5: Confirm.

Confirm your deposit details and submit your payment.

Overall Rating

• 3.6/5

Read Review

OPEN AN ACCOUNT

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

Conclusion

The Alfa Forex Minimum Deposit is $0. This is good when compared to other broker minimum deposit fees, making it accessible to beginner and smaller retail traders.

You might also like: Alfa Forex Review

You might also like: Alfa Forex Account Types Overview

You might also like: Alfa Forex Demo Account – Step by Step

You might also like: Alfa Forex Fees and Spreads

You might also like: Alfa Forex Islamic Account Overview

You might also like: Alfa Forex Sign up Bonus

Frequently Asked Questions

What is the minimum deposit for Alfa-Forex?

Alfa-Forex does not have a minimum deposit amount to open a broker account. As such, traders can choose to open an account with an initial investment that best suits them and their trading goals.

That said, it is generally recommended not to trade with less than $50 – $100 (R697.94 – R1395.88 USD/ZAR at the time of writing) to avoid going below your own margins during your trade sessions.

How do I make a deposit and withdrawal with Alfa-Forex?

Alfa-Forex has a relatively limited selection of deposit and withdrawal methods, which nonetheless consist of some popular options, as listed below:

• Credit cards
• Bank Transfer
• Alfa-Click
• UnionPay

Does Alfa-Forex charge withdrawal fees?

No, the broker does not charge withdrawal fees. However, your selected payment provider may charge a processing fee which is beyond the broker’s control.

How long does it take to make a withdrawal?

Bank transfers can take several business days depending on the bank and your location. E-payment transfers are typically processed on the same day.

Are my deposits safe with Alfa-Forex?

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.