Alfa Forex
Forex EE
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Overview
Alfa Forex was founded in 2011 and is headquartered in Cyprus, while Forex EE was established in 2008 and is based in Grenadines. Alfa Forex holds licences including Securities and Exchange Commission (SEC), while Forex EE is regulated by Ministry of Economic Affairs in Estonia among others. Alfa Forex serves 10,000+ clients worldwide; Forex EE has 10,000+. The minimum deposit is $0 at Alfa Forex and $100 at Forex EE.
| Feature | Alfa Forex | Forex EE |
|---|---|---|
| Min. Deposit | $0 | $100 |
| Regulation | Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) | Ministry of Economic Affairs in Estonia |
| Founded | 2011 | 2008 |
| Country | Cyprus | Grenadines |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Alfa Forex and Forex EE, 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 Forex EE). Both brokers charge withdrawal fees. Alfa Forex applies inactivity fees on dormant accounts; Forex EE does not. Overall, Alfa Forex scores higher on fees in our assessment.
| Feature | Alfa Forex | Forex EE |
|---|---|---|
| Min. Deposit | $0 | $100 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Alfa Forex offers MT4, MT5, cTrader, while Forex EE supports MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Alfa Forex supports social and copy trading features, which Forex EE does not offer. Alfa Forex edges ahead on platform breadth and functionality in our scoring.
| Feature | Alfa Forex | Forex EE |
|---|---|---|
| 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 |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Alfa Forex and Forex EE compare. Both provide video tutorials. Both integrate third-party research tools. The two brokers are evenly matched on educational content.
| Feature | Alfa Forex | Forex EE |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | No | No |
| Weekly Webinars | No | No |
| Daily Commentary | No | No |
| Trading Central | No | No |
| 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 Forex EE supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Alfa Forex | Forex EE |
|---|---|---|
| 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 Forex EE 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 | Forex EE |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |