Alfa Forex
C 7 Traders
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Overview
Alfa Forex was founded in 2011 and is headquartered in Cyprus, while C 7 Traders was established in 2014 and is based in Vanuatu. Alfa Forex holds licences including Securities and Exchange Commission (SEC), while C 7 Traders is regulated by Unregulated among others. Alfa Forex serves 10,000+ clients worldwide; C 7 Traders has 10,000+. The minimum deposit is $0 at Alfa Forex and $100 at C 7 Traders.
| Feature | Alfa Forex | C 7 Traders |
|---|---|---|
| Min. Deposit | $0 | $100 |
| Regulation | Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) | Unregulated |
| Founded | 2011 | 2014 |
| Country | Cyprus | Vanuatu |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Alfa Forex and C 7 Traders, directly affecting your bottom line as a trader. Alfa Forex has a lower barrier to entry with a minimum deposit of $0 (vs $100 at C 7 Traders). Alfa Forex charges withdrawal fees while C 7 Traders does not, a notable advantage for frequent withdrawers. Alfa Forex applies inactivity fees on dormant accounts; C 7 Traders does not. Overall, Alfa Forex scores higher on fees in our assessment.
| Feature | Alfa Forex | C 7 Traders |
|---|---|---|
| Min. Deposit | $0 | $100 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Alfa Forex offers MT4, MT5, cTrader, while C 7 Traders supports MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Both brokers support copy or social trading, catering to less hands-on investors. Alfa Forex edges ahead on platform breadth and functionality in our scoring.
| Feature | Alfa Forex | C 7 Traders |
|---|---|---|
| MT4 | Yes | No |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4 | Metatrader 4 - desktop, iOS and Android versions available. |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Alfa Forex and C 7 Traders compare. C 7 Traders runs regular live webinars; Alfa Forex does not. Both provide video tutorials. C 7 Traders publishes daily market commentary; Alfa Forex does not. Both integrate third-party research tools. C 7 Traders maintains an archive of past webinars for on-demand viewing. C 7 Traders scores higher overall in education and research.
| Feature | Alfa Forex | C 7 Traders |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Alfa Forex accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while C 7 Traders supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Alfa Forex | C 7 Traders |
|---|---|---|
| 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 Forex and C 7 Traders 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 Forex | C 7 Traders |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |