Alfa Forex
icm capital
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Overview
Alfa Forex was founded in 2011 and is headquartered in Cyprus, while icm capital was established in 2015 and is based in Geneva. Alfa Forex holds licences including Securities and Exchange Commission (SEC), while icm capital is regulated by Financial Conduct Authority (FCA) among others. Alfa Forex serves 10,000+ clients worldwide; icm capital has 10,000+. The minimum deposit is $0 at Alfa Forex and $250 at icm capital.
| Feature | Alfa Forex | icm capital |
|---|---|---|
| Min. Deposit | $0 | $250 |
| Regulation | Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F258 |
| Founded | 2011 | 2015 |
| Country | Cyprus | Geneva |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Alfa Forex and icm capital, directly affecting your bottom line as a trader. Alfa Forex has a lower barrier to entry with a minimum deposit of $0 (vs $250 at icm capital). Both brokers charge withdrawal fees. Alfa Forex applies inactivity fees on dormant accounts; icm capital does not. Overall, Alfa Forex scores higher on fees in our assessment.
| Feature | Alfa Forex | icm capital |
|---|---|---|
| Min. Deposit | $0 | $250 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | No |
| CFD Fees | No | Yes |
Platforms
Alfa Forex offers MT4, MT5, cTrader, while icm capital supports MT4, 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. The two brokers are closely matched on platform offering.
| Feature | Alfa Forex | icm capital |
|---|---|---|
| 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, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Alfa Forex and icm capital compare. icm capital runs regular live webinars; Alfa Forex does not. Both provide video tutorials. icm capital publishes daily market commentary; Alfa Forex does not. Both integrate third-party research tools. icm capital maintains an archive of past webinars for on-demand viewing. icm capital scores higher overall in education and research.
| Feature | Alfa Forex | icm capital |
|---|---|---|
| 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 icm capital supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). icm capital uniquely supports PayPal and Skrill and Neteller among the two brokers. icm capital scores higher on deposit and withdrawal flexibility.
| Feature | Alfa Forex | icm capital |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| Skrill | No | Yes |
| Neteller | No | Yes |
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 icm capital offer live chat support. Both provide phone support. Email support is available at both brokers. Alfa Forex supports 2 languages and icm capital supports 8, giving icm capital broader global reach. Both brokers are comparable on support quality.
| Feature | Alfa Forex | icm capital |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |