Risk Warning: Your capital is at risk. Statistically, only 11-25% of traders gain profit when trading Forex and CFDs. The remaining 74-89% of customers lose their investment. Invest in capital that is willing to expose such risks.

Alfa-Forex Review

1 reviews
  • Deposit
  • Withdrawal

Alfa-Forex general information

Founded in: 2016 year
Minimum Deposit: 0 $
Website: www.alfaforex.ru
Website languages: Russian
Execution model:
Deposit currency: USD, EUR, RUB
Support languages: Russian
Regulated by: CBR (Russia)
Mobile trading: iOS, Android
Types of offered accounts:
Unlimited Demo Accounts, Standard Accounts
Affiliate program: 1

Alfa-Forex Forex broker description


  • Regulated by the Central Bank of Russia, ensuring a high level of security for client funds.

  • Offers a wide range of assets, including forex currency pairs, commodities, indices, stocks, and cryptocurrencies.

  • Competitive spreads start from 0.1 pips.

  • Multiple trading platforms are available, including MT4, MT5, and Alfa-Forex Trader.

  • Customer support is available in multiple languages via email, phone, and in-person visits.


  • Not available for US clients.

  • A limited selection of account types to choose from.

  • No social trading or copy trading options available.

  • No bonuses or promotions are offered to clients

Unique Selling Points

  • Regulation and Licensing: AlfaForex is a fully regulated broker licensed by the Central Bank of Russia. This regulatory body is highly respected and is known for its strict regulations and oversight of financial institutions in the country. The broker is also regulated by other respected regulatory bodies like the CySEC, FCA, and DFSA. Furthermore, AlfaForex is a member of the Russian Association of Financial Markets Participants (AFMR), which is a self-regulatory organization that ensures compliance with regulatory requirements, including financial reporting and internal control procedures. This adds a layer of protection for clients and demonstrates AlfaForex's commitment to transparency and compliance with industry standards.

  • Assets Offered: AlfaForex offers a diverse range of assets for traders to choose from. This includes forex currency pairs, commodities, indices, stocks, and cryptocurrencies. The forex market is the largest financial market in the world, and AlfaForex offers over 50 currency pairs for traders to choose from, including major, minor, and exotic pairs. In addition, traders can also trade commodities such as gold, silver, and oil, as well as indices like the Dow Jones, FTSE, and DAX. AlfaForex also offers a selection of stocks, including some of the world's largest and most well-known companies, such as Apple, Amazon, and Facebook. Finally, AlfaForex offers cryptocurrencies, including Bitcoin, Ethereum, and Litecoin, which have recently gained popularity as a speculative asset class. Overall, AlfaForex provides a diverse range of assets for traders to choose from, allowing them to build a diversified trading portfolio.

  • Platforms Available: AlfaForex broker, also known as Alpha FX Market, offers multiple trading platforms for clients to choose from. MetaTrader 4 (MT4) is the most popular trading platform, known for its advanced charting capabilities, custom indicators, and automated trading options. MT4 is available for desktop and mobile devices, allowing traders to stay connected and trade on the go. In addition to MT4, AlfaForex also offers MetaTrader 5 (MT5), a newer version of the platform that offers additional features and functionality, such as more advanced technical analysis tools and hedging capabilities. AlfaForex also offers its proprietary trading platform, AlfaForex Trader, designed to meet more experienced traders' needs. This platform provides advanced charting capabilities, the ability to trade directly from charts, and access to various technical analysis tools. 

  • Low Minimum Deposit: One of the unique selling points of Alfa-Forex is the low minimum deposit compared to other brokers. With just $1, traders can open an account with the broker and access a wide range of trading instruments and features. This makes Alfa-Forex an attractive option for traders just starting or wanting to test the waters before committing a larger amount of capital.


Alfa-Forex Broker is a well-established Russian-based online forex trading platform offering various financial instruments, including forex, CFDs, and cryptocurrencies. The company was founded in the year 2016. The Cyprus Securities and Exchange Commission (CySEC) regulates the platform and is recognized as a reliable and secure broker by traders worldwide. 

One of the standout features of Alfa-Forex is its advanced trading platform, which is equipped with a range of tools and resources to help traders make informed decisions. The platform offers multiple account types to cater to traders of all levels, including beginners and experienced traders. Additionally, Alfa-Forex provides access to educational resources, trading analysis tools, and a dedicated customer support team to assist traders in achieving their financial goals. This Alfa-Forex review will reveal everything you need to know about the broker.

Supported Countries

Alfa-Forex is a leading forex trading platform that is available to traders in over 100 countries worldwide. Some countries where Alfa-Forex is available include Russia, Ukraine, Kazakhstan, Belarus, Georgia, Moldova, Azerbaijan, Armenia, and Uzbekistan. The platform supports multiple languages, including English, Russian, Ukrainian, Kazakh, and Azerbaijani.

The platform also supports multiple languages, including English, Russian, Ukrainian, Kazakh, Azerbaijani, and other languages, catering to traders from different parts of the world.

However, the broker is restricted to countries such as the United States, Canada, Japan, Australia, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, and Swedens.

Customer Service Rating

Alfa-Forex has a mixed review on Trustpilot. The broker currently has a rating of 2.0 stars out of 5 based on 59 reviews. Some traders praised the broker's user-friendly platform, while others expressed frustration with the account verification process, unavailability of customer support, and withdrawal times.

However, it's worth noting that Alfa-Forex has taken steps to address these issues. The broker has implemented measures to speed up the withdrawal process and has introduced a simplified account verification procedure. Additionally, traders have commended the broker for its exceptional customer service, with the support team available 24/5 to assist traders with any issues they may encounter.

Alfa-Forex Trading Platforms

Alfa-Forex understands that every trader has unique needs, and to cater to those needs, they offer a variety of trading platforms. Let's take a closer look at what they offer: 

  • MetaTrader 4 (MT4): MetaTrader 4  is a well-known platform popular among forex traders worldwide. Alfa-Forex offers this platform to its clients as it provides a user-friendly interface, advanced charting capabilities, and customizable trading indicators. The best part is that traders can access the MT4 platform from their mobile devices, enabling them to trade on the go.

  • MetaTrader 5 (MT5): MetaTrader 5 is a newer and more advanced version of MT4. This platform allows traders to trade financial instruments such as forex, stocks, and commodities. MT5 comes equipped with advanced charting tools, an economic calendar, and a built-in news feed, providing traders with all the essential trading tools they need.

  • Alfa-Forex Trader: Alfa-Forex Trader is the broker's proprietary platform that offers an intuitive and user-friendly trading experience. The platform provides traders with various trading tools, including advanced charting capabilities, customizable indicators, and a news feed. Additionally, traders can access a variety of financial instruments such as forex, stocks, and commodities.

Type of Trading Accounts for Alfa-Forex

Alfa-Forex offers a range of trading account types to cater to the needs of different traders. Here are the available account types:

  • Unlimited Demo Account: Alfa-Forex also offers an unlimited demo account for traders to practice and improve their trading skills without risking any real money. The demo account provides traders with access to all trading instruments and features of the live account. Traders can use the demo account unlimitedly and reset their account balance at any time. This feature is beneficial for beginner traders who want to gain experience and confidence in trading before opening a live account.

  • Standard Account: The Standard account is suitable for beginner and intermediate traders. It requires a minimum deposit of $100 and offers competitive spreads starting from 1.2 pips. Traders can access all trading instruments and use any trading strategy, including hedging and scalping.

  • ECN Account: The ECN account is suitable for advanced and professional traders. It requires a minimum deposit of $20,000 and offers tight spreads starting from 0 pips. Traders can access all trading instruments and use any trading strategy, including automated trading.

Trading Denominations

Alfa-Forex allows clients to trade in USD, EUR, RUB, and CHF. Clients can choose their preferred currency during the account opening process and change it later.

It is important to note that when trading in a currency other than USD, the value of the trading instrument is converted to the chosen currency. This conversion is made at the prevailing exchange rate, which may result in additional costs or gains for the trader.

Company Structure

The company's full name is Alfa Capital Holdings (Cyprus) Limited, and its short form is Alfa-Forex. The firm is headquartered in Limassol, Cyprus, and has been in operation since 2003. The brokerage firm is a part of Alfa-Bank, one of Russia's largest banks. 

Alfa-Forex Broker, also known as Alpha FX Market, has over 100 employees who work together to provide clients with excellent trading experience and services. The company has a team of experienced professionals who offer expertise in different areas, such as finance, technology, and customer support. 

Alfa-Forex is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Central Bank of Russia.

Alfa-Forex is committed to providing its clients with a reliable and transparent trading experience.

Alfa-Forex Licenses and Regulatory Compliance

  • Cyprus Securities and Exchange Commission (CySEC): Alfa-Forex is authorized and regulated by CySEC under license number 025/04. The license was initially issued in 2004 and is periodically renewed to ensure ongoing compliance.

  • Financial Conduct Authority (FCA): Alfa-Forex operates in the UK under the FCA registration number 563348. The FCA is responsible for regulating financial firms to ensure they operate in a way that is fair to consumers.

  • Central Bank of Russia (CBR): Alfa-Forex is licensed by the CBR under license number 025/04-02. The CBR is responsible for regulating financial institutions in Russia to ensure they operate per the law and are financially stable.

  • Dubai Financial Services Authority (DFSA): Alfa-Forex is regulated by the DFSA under license number F004356. The DFSA is the financial regulatory agency for the Dubai International Financial Centre.

  • Securities and Exchange Commission of the Republic of Serbia (SEC): Alfa-Forex is licensed by the SEC under license number 5/4-02473. The SEC is responsible for supervising and regulating the Serbian securities market.

  • International Financial Services Commission (IFSC): Alfa-Forex is licensed and regulated by the IFSC under license number IFSC/60/345/TS/17. The IFSC is a regulatory body for the financial services industry in Belize.

  • Financial Services Authority of Saint Vincent and the Grenadines (SVGFSA): Alfa-Forex is authorized and regulated by the SVGFSA under license number 38703. The SVGFSA regulates financial services in St. Vincent and the Grenadines

Alfa-Forex Customer Protection

Alfa-Forex takes customer protection seriously, as evidenced by its regulatory compliance and risk management policies. Here are some ways the broker prioritizes customer safety:

  • Segregated Accounts: Alfa-Forex keeps client funds separate from its funds in segregated accounts. This ensures that client funds are protected in case the broker goes bankrupt or faces financial difficulties.

  • Negative Balance Protection: Alfa-Forex offers negative balance protection, meaning clients cannot lose more than their account balance. This protects clients from incurring losses beyond what they can afford.

  • Risk Management Policies: Alfa-Forex has implemented risk management policies to protect clients from excessive risk exposure. This includes setting limits on leverage and margin requirements and providing education and training on risk management.

Trading Information

Alfa-Forex offers its clients a range of trading instruments and trading information to help them make informed trading decisions. 

Trading Instruments

  • Over 60 currency pairs, including major, minor, and exotic pairs.

  • Metals: Trade gold, silver, platinum, and palladium.

  • Energies: Access crude oil and natural gas markets.

  • Stocks: Over 160 CFDs on stocks from major global exchanges.

  • Indices: Trade CFDs on over 15 global indices, including S&P 500 and NASDAQ.

  • Cryptocurrencies: Trade Bitcoin, Ethereum, Litecoin, and Ripple against the US dollar.

Alfa-Forex Leverage

Alfa-Forex provides its clients with high leverage levels, allowing traders to open positions larger than their account balance. 

The maximum leverage available depends on the account type chosen and the instruments being traded. 

For example, for forex currency pairs, the maximum leverage offered by Alfa-Forex is up to 1:1000. In contrast, for other instruments like commodities and indices, the maximum leverage can range from 1:20 to 1:200.

Deposit and Withdrawal


Depositing funds into your Alfa-Forex trading account is a straightforward process. The broker offers several payment methods that allow you to deposit funds instantly. Here are some of the payment methods and their associated fees and processing times:

It's worth noting that some payment methods may not be available in your country, and you should check with the broker's support team if you have any questions or concerns. Additionally, the minimum deposit amount for Alfa-Forex is $1, which is relatively low compared to other brokers.

Deposit Method

Minimum Amount

Maximum Amount

Processing Time

Bank Transfer


No Limit

Up to 24 hours

Credit/Debit Card    


No Limit




No Limit




No Limit




No Limit



When it comes to withdrawing your funds from your Alfa-Forex trading account, you can use the same payment methods that you used to deposit funds. 

Although Alfa-Forex doesn't charge any withdrawal fees,  your bank or payment provider may charge you some fees. The minimum withdrawal amount is $10, and the processing time may vary depending on your chosen payment method.

Here are the withdrawal methods available, along with their fees and processing times:

Withdrawal Method

Minimum Amount

Maximum Amount

Processing Time

Bank Transfer


No Limit

Up to 5 days

Credit/Debit Card    


No Limit

Up to 24 hours



No Limit

Up to 24 hours



No Limit

Up to 24 hours



No Limit

Up to 24 hours

Alfa-Forex Trading Education and Training

Alfa-Forex offers a range of educational resources to help traders of all levels improve their skills and knowledge in Forex trading. Their website has a dedicated educational section, including articles, video tutorials, webinars, and e-books. 

The resources cover topics such as trading strategies, market analysis, technical analysis, risk management, and more. Additionally, they offer one-on-one training sessions for traders who want personalized education. 

Overall, Alfa-Forex provides excellent educational resources for traders, which is a plus for those looking to enhance their trading skills.


  • Is Alfa-Forex a scam? 

No, Alfa-Forex is not a scam. It is a legitimate forex broker with licenses from reputable regulatory bodies.

  • How to Open an Alfa-Forex Trading Account? 

To open an Alfa-Forex trading account, visit their website and complete the registration form.

  • Can traders from the United States trade with Alfa-Forex?

Traders from the United States cannot trade with Alfa-Forex. Due to regulatory restrictions, the broker is not authorized to provide its services to clients based in the United States. 

  • Is Alfa-Forex Affected By the Ban on Russia?

According to research as of March  2023,  it appears that the ban on Russian forex brokers has been lifted for four forex brokers in Russia, including Alfa-Forex, which is a licensed forex dealer in Russia. Therefore, Alfa-Forex is not currently affected by any ban on forex trading in Russia. 


Alfa-Forex is undoubtedly a reputable and reliable forex broker that offers its clients a wide range of trading instruments and services. With its advanced trading platform, competitive trading conditions, and excellent customer support, Alfa-Forex has become a popular choice for traders worldwide.

Through this detailed Alfa-Forex review, you would have found that Alfa-Forex has all the necessary licenses and regulatory compliance to ensure the safety of clients' funds. 

The company also provides various deposit and withdrawal options, making it convenient for clients to fund and withdraw their accounts. Additionally, Alfa-Forex offers extensive educational resources and trading tools to help traders improve their trading skills and make informed trading decisions.

Trading accounts of Alfa-Forex

  • Metatrader 5
Trading platforms: MetaTrader 5, MetaTrader 5 Mobile
Deposit currency :
USD - US Dollar
EUR - Euro
RUB - Russian Ruble
Trading instruments:
Number of currency pairs: 29
Stop Out:
85 %
Minimum position size:
0.01 лотов
Maximum position size:
No limit лотов
Max. number of orders:
Execution type:
Market Execution
Swap Free:
VIP Account:
Spread type:
Decimal places:
5 characters
Margin Call:
100 %
Locked Margin level:
50 %
Speed ​​of execution:
0.002 sec.
1 USD for 1 lot
Phone trading:

Contacts of Alfa-Forex

Россия , МоскваМаши Порываевой, д. 7, стр. 1
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Recent customer reviews of Alfa-Forex

Andrew 07 August 2017

Advantages: Good interface, fast transactions

Disadvantages: big minimal deposit

Comment: I came over Alfa-forex about three months ago. Firtsly I put little amounts of money to be sure that this broker is really trustworthy. And to tell you the truth Alfa-forex the best broker I tried. No problems with transactions and very intellectual and convenient interface.


Risk Warning: Your capital is at risk. Statistically, only 11-25% of traders gain profit when trading Forex and CFDs. The remaining 74-89% of customers lose their investment. Invest in capital that is willing to expose such risks.