Alfa Forex
speedtrader
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Overview
Alfa Forex was founded in 2011 and is headquartered in Cyprus, while speedtrader was established in 2017 and is based in Netherlands. Alfa Forex holds licences including Securities and Exchange Commission (SEC), while speedtrader is regulated by Financial Conduct Authority (FCA) among others. Alfa Forex serves 10,000+ clients worldwide; speedtrader has 3,500,000+. The minimum deposit is $0 at Alfa Forex and $250 at speedtrader.
| Feature | Alfa Forex | speedtrader |
|---|---|---|
| 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-F308 |
| Founded | 2011 | 2017 |
| Country | Cyprus | Netherlands |
| Clients | 10,000+ | 3,500,000+ |
Fees
Fees are a critical factor when choosing between Alfa Forex and speedtrader, 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 speedtrader). Alfa Forex charges withdrawal fees while speedtrader does not, a notable advantage for frequent withdrawers. Alfa Forex applies inactivity fees on dormant accounts; speedtrader does not. speedtrader charges deposit fees; Alfa Forex does not. Overall, Alfa Forex scores higher on fees in our assessment.
| Feature | Alfa Forex | speedtrader |
|---|---|---|
| Min. Deposit | $0 | $250 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
Alfa Forex offers MT4, MT5, cTrader, while speedtrader 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 | speedtrader |
|---|---|---|
| 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 speedtrader compare. speedtrader runs regular live webinars; Alfa Forex does not. Both provide video tutorials. speedtrader publishes daily market commentary; Alfa Forex does not. Both integrate third-party research tools. speedtrader maintains an archive of past webinars for on-demand viewing. speedtrader scores higher overall in education and research.
| Feature | Alfa Forex | speedtrader |
|---|---|---|
| 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 speedtrader supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). speedtrader uniquely supports PayPal and Skrill and Neteller among the two brokers. speedtrader scores higher on deposit and withdrawal flexibility.
| Feature | Alfa Forex | speedtrader |
|---|---|---|
| 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 speedtrader offer live chat support. Both provide phone support. Email support is available at both brokers. Alfa Forex supports 2 languages and speedtrader supports 8, giving speedtrader broader global reach. Both brokers are comparable on support quality.
| Feature | Alfa Forex | speedtrader |
|---|---|---|
| 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 |