Alfa Forex
profiforex corp
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Overview
Alfa Forex was founded in 2011 and is headquartered in Cyprus, while profiforex corp was established in 2018 and is based in Cyprus. Alfa Forex holds licences including Securities and Exchange Commission (SEC), while profiforex corp is regulated by Financial Conduct Authority (FCA) among others. Alfa Forex serves 10,000+ clients worldwide; profiforex corp has 30,000+. The minimum deposit is $0 at Alfa Forex and $250 at profiforex corp.
| Feature | Alfa Forex | profiforex corp |
|---|---|---|
| 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-F297 |
| Founded | 2011 | 2018 |
| Country | Cyprus | Cyprus |
| Clients | 10,000+ | 30,000+ |
Fees
Fees are a critical factor when choosing between Alfa Forex and profiforex corp, 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 profiforex corp). Alfa Forex charges withdrawal fees while profiforex corp does not, a notable advantage for frequent withdrawers. Alfa Forex applies inactivity fees on dormant accounts; profiforex corp does not. Overall, Alfa Forex scores higher on fees in our assessment.
| Feature | Alfa Forex | profiforex corp |
|---|---|---|
| Min. Deposit | $0 | $250 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Alfa Forex offers MT4, MT5, cTrader, while profiforex corp supports MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Alfa Forex supports social and copy trading features, which profiforex corp does not offer. Alfa Forex edges ahead on platform breadth and functionality in our scoring.
| Feature | Alfa Forex | profiforex corp |
|---|---|---|
| MT4 | Yes | No |
| 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 profiforex corp compare. profiforex corp runs regular live webinars; Alfa Forex does not. Both provide video tutorials. profiforex corp publishes daily market commentary; Alfa Forex does not. Both integrate third-party research tools. profiforex corp maintains an archive of past webinars for on-demand viewing. profiforex corp scores higher overall in education and research.
| Feature | Alfa Forex | profiforex corp |
|---|---|---|
| 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 profiforex corp supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). profiforex corp uniquely supports PayPal and Skrill and Neteller among the two brokers. profiforex corp scores higher on deposit and withdrawal flexibility.
| Feature | Alfa Forex | profiforex corp |
|---|---|---|
| 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 profiforex corp offer live chat support. Both provide phone support. Email support is available at both brokers. Alfa Forex supports 2 languages and profiforex corp supports 8, giving profiforex corp broader global reach. Both brokers are comparable on support quality.
| Feature | Alfa Forex | profiforex corp |
|---|---|---|
| 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 |