Alfa Forex
Uphold
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 Uphold was established in 2013 and is based in United States. Alfa Forex holds licences including Securities and Exchange Commission (SEC), while Uphold is regulated by FCA and FINCEN: Uphold Europe Limited among others. Alfa Forex serves 10,000+ clients worldwide; Uphold has 4,000,000+. The minimum deposit is $0 at Alfa Forex and $1 at Uphold.
| Feature | Alfa Forex | Uphold |
|---|---|---|
| Min. Deposit | $0 | $1 |
| Regulation | Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) | FCA and FINCEN: Uphold Europe Limited, Reg No. 09281410. Uphold HQ Inc. NMLS ID No. 1269875 |
| Founded | 2011 | 2013 |
| Country | Cyprus | United States |
| Clients | 10,000+ | 4,000,000+ |
Fees
Fees are a critical factor when choosing between Alfa Forex and Uphold, directly affecting your bottom line as a trader. Alfa Forex has a lower barrier to entry with a minimum deposit of $0 (vs $1 at Uphold). Alfa Forex charges withdrawal fees while Uphold does not, a notable advantage for frequent withdrawers. Alfa Forex applies inactivity fees on dormant accounts; Uphold does not. The two brokers are broadly comparable on fee structure.
| Feature | Alfa Forex | Uphold |
|---|---|---|
| Min. Deposit | $0 | $1 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Alfa Forex offers MT4, MT5, cTrader, while Uphold supports a proprietary platform. Both brokers provide mobile trading apps for iOS and Android. Alfa Forex supports social and copy trading features, which Uphold does not offer. Alfa Forex edges ahead on platform breadth and functionality in our scoring.
| Feature | Alfa Forex | Uphold |
|---|---|---|
| MT4 | Yes | No |
| MT5 | Yes | No |
| cTrader | Yes | No |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4 | Web, Desktop & Mobile Apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Alfa Forex and Uphold compare. Uphold runs regular live webinars; Alfa Forex does not. Both provide video tutorials. Alfa Forex integrates third-party research tools (Autochartist); Uphold does not. Uphold maintains an archive of past webinars for on-demand viewing. Alfa Forex scores higher overall in education and research.
| Feature | Alfa Forex | Uphold |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | No | No |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | No |
| Trading Central | No | No |
| 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 Uphold supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Alfa Forex | Uphold |
|---|---|---|
| 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 Uphold offer live chat support. Alfa Forex offers phone support; Uphold does not. Email support is available at both brokers. Alfa Forex supports 2 languages and Uphold supports 1, giving Alfa Forex broader global reach. Alfa Forex scores higher overall on customer support in our assessment.
| Feature | Alfa Forex | Uphold |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | No |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English |