Alfa Financials
CFI Markets
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
Alfa Financials was founded in 1987 and is headquartered in UAE, while CFI Markets was established in 2012 and is based in Cyprus. Both brokers are regulated by Financial Conduct Authority (FCA), among other authorities. Alfa Financials serves 10,000+ clients worldwide; CFI Markets has 10,000+. The minimum deposit is $500 at Alfa Financials and $100 at CFI Markets.
| Feature | Alfa Financials | CFI Markets |
|---|---|---|
| Min. Deposit | $500 | $100 |
| Regulation | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), The Federal Financial Supervisory Authority Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) |
| Founded | 1987 | 2012 |
| Country | UAE | Cyprus |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Alfa Financials and CFI Markets, directly affecting your bottom line as a trader. CFI Markets has a lower barrier to entry with a minimum deposit of $100 (vs $500 at Alfa Financials). CFI Markets 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. CFI Markets charges deposit fees; Alfa Financials does not. Overall, CFI Markets scores higher on fees in our assessment.
| Feature | Alfa Financials | CFI Markets |
|---|---|---|
| Min. Deposit | $500 | $100 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | Yes | Yes |
| Deposit Fees | No | Yes |
| CFD Fees | Yes | Yes |
Platforms
Alfa Financials offers MT4, MT5, cTrader, while CFI Markets supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. CFI Markets supports social and copy trading features, which Alfa Financials does not offer. The two brokers are closely matched on platform offering.
| Feature | Alfa Financials | CFI Markets |
|---|---|---|
| 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, Mac, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Alfa Financials and CFI Markets compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. Daily market commentary is available from both brokers. Both integrate third-party research tools including Trading Central. Archived webinars are available at both brokers for self-paced learning. Alfa Financials scores higher overall in education and research.
| Feature | Alfa Financials | CFI Markets |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | Yes | No |
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 CFI Markets supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Alfa Financials | CFI Markets |
|---|---|---|
| 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 CFI Markets 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 | CFI Markets |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |