Alfa Financials
Alfa Forex
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Overview
Alfa Financials was founded in 1987 and is headquartered in UAE, while Alfa Forex was established in 2011 and is based in Cyprus. Alfa Financials holds licences including Financial Conduct Authority (FCA), while Alfa Forex is regulated by Securities and Exchange Commission (SEC) among others. Alfa Financials serves 10,000+ clients worldwide; Alfa Forex has 10,000+. The minimum deposit is $500 at Alfa Financials and $0 at Alfa Forex.
| Feature | Alfa Financials | Alfa Forex |
|---|---|---|
| Min. Deposit | $500 | $0 |
| Regulation | Financial Conduct Authority (FCA) | Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) |
| Founded | 1987 | 2011 |
| Country | UAE | Cyprus |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Alfa Financials and Alfa Forex, directly affecting your bottom line as a trader. Alfa Forex has a lower barrier to entry with a minimum deposit of $0 (vs $500 at Alfa Financials). Alfa Forex charges withdrawal fees while Alfa Financials does not, giving Alfa Financials an edge for frequent withdrawers. Both brokers charge inactivity fees on dormant accounts, worth noting if you trade infrequently. Overall, Alfa Forex scores higher on fees in our assessment.
| Feature | Alfa Financials | Alfa Forex |
|---|---|---|
| Min. Deposit | $500 | $0 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | Yes | Yes |
| Deposit Fees | No | No |
| CFD Fees | Yes | No |
Platforms
Alfa Financials offers MT4, MT5, cTrader, while Alfa Forex supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Alfa Forex supports social and copy trading features, which Alfa Financials does not offer. The two brokers are closely matched on platform offering.
| Feature | Alfa Financials | Alfa Forex |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MetaTrader 4 (MT4),Trader Desktop,Android,Mac,IPad,Alfa Trader | MT4 |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Alfa Financials and Alfa Forex compare. Alfa Financials runs regular live webinars; Alfa Forex does not. Both provide video tutorials. Alfa Financials publishes daily market commentary; Alfa Forex does not. Both integrate third-party research tools. Alfa Financials maintains an archive of past webinars for on-demand viewing. Alfa Financials scores higher overall in education and research.
| Feature | Alfa Financials | Alfa Forex |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Alfa Financials accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while Alfa Forex supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Alfa Financials | Alfa Forex |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | No | No |
| Neteller | No | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Alfa Financials and Alfa Forex offer live chat support. Both provide phone support. Email support is available at both brokers. Both brokers offer support in 2 languages. Both brokers are comparable on support quality.
| Feature | Alfa Financials | Alfa Forex |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |