Alfa Forex
ETFinance
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
Alfa Forex was founded in 2011 and is headquartered in Cyprus, while ETFinance was established in 2018 and is based in Cyprus. Alfa Forex holds licences including Securities and Exchange Commission (SEC), while ETFinance is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. Alfa Forex serves 10,000+ clients worldwide; ETFinance has 10,000+. The minimum deposit is $0 at Alfa Forex and $215 at ETFinance.
| Feature | Alfa Forex | ETFinance |
|---|---|---|
| Min. Deposit | $0 | $215 |
| Regulation | Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2011 | 2018 |
| Country | Cyprus | Cyprus |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Alfa Forex and ETFinance, directly affecting your bottom line as a trader. Alfa Forex has a lower barrier to entry with a minimum deposit of $0 (vs $215 at ETFinance). Alfa Forex charges withdrawal fees while ETFinance does not, a notable advantage for frequent withdrawers. Alfa Forex applies inactivity fees on dormant accounts; ETFinance does not. ETFinance charges deposit fees; Alfa Forex does not. Overall, Alfa Forex scores higher on fees in our assessment.
| Feature | Alfa Forex | ETFinance |
|---|---|---|
| Min. Deposit | $0 | $215 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
Alfa Forex offers MT4, MT5, cTrader, while ETFinance supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Alfa Forex supports social and copy trading features, which ETFinance does not offer. The two brokers are closely matched on platform offering.
| Feature | Alfa Forex | ETFinance |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4 | MT4,iOS,MacBook,iPhone |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Alfa Forex and ETFinance compare. ETFinance runs regular live webinars; Alfa Forex does not. Both provide video tutorials. ETFinance publishes daily market commentary; Alfa Forex does not. Both integrate third-party research tools. ETFinance maintains an archive of past webinars for on-demand viewing. ETFinance scores higher overall in education and research.
| Feature | Alfa Forex | ETFinance |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | Yes | Yes |
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 ETFinance supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Alfa Forex | ETFinance |
|---|---|---|
| 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 ETFinance 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 | ETFinance |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |