Alfa Financials
Forex Financial Services
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Overview
Alfa Financials was founded in 1987 and is headquartered in UAE, while Forex Financial Services was established in 2008 and is based in Australia. Alfa Financials holds licences including Financial Conduct Authority (FCA), while Forex Financial Services is regulated by Australian Securities and investment Commission (ASIC) among others. Alfa Financials serves 10,000+ clients worldwide; Forex Financial Services has 10,000+. The minimum deposit is $500 at Alfa Financials and $2500 at Forex Financial Services.
| Feature | Alfa Financials | Forex Financial Services |
|---|---|---|
| Min. Deposit | $500 | $2500 |
| Regulation | Financial Conduct Authority (FCA) | Australian Securities and investment Commission (ASIC) |
| Founded | 1987 | 2008 |
| Country | UAE | Australia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Alfa Financials and Forex Financial Services, directly affecting your bottom line as a trader. Forex Financial Services has a lower barrier to entry with a minimum deposit of $2500 (vs $500 at Alfa Financials). Neither broker charges withdrawal fees. Alfa Financials applies inactivity fees on dormant accounts; Forex Financial Services does not. Forex Financial Services charges deposit fees; Alfa Financials does not. The two brokers are broadly comparable on fee structure.
| Feature | Alfa Financials | Forex Financial Services |
|---|---|---|
| Min. Deposit | $500 | $2500 |
| Withdrawal Fees | No | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | Yes |
| CFD Fees | Yes | No |
Platforms
Alfa Financials offers MT4, MT5, cTrader, while Forex Financial Services supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Forex Financial Services supports social and copy trading features, which Alfa Financials does not offer. The two brokers are closely matched on platform offering.
| Feature | Alfa Financials | Forex Financial Services |
|---|---|---|
| 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 Forex Financial Services compare. Alfa Financials runs regular live webinars; Forex Financial Services does not. Alfa Financials has a video library; Forex Financial Services does not. Alfa Financials publishes daily market commentary; Forex Financial Services does not. Alfa Financials integrates third-party research tools (Trading Central, Autochartist); Forex Financial Services does not. Alfa Financials maintains an archive of past webinars for on-demand viewing. Alfa Financials scores higher overall in education and research.
| Feature | Alfa Financials | Forex Financial Services |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| 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 Forex Financial Services supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Alfa Financials | Forex Financial Services |
|---|---|---|
| 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 Forex Financial Services 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 | Forex Financial Services |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |