Corporate Profile
Alfa Forex Is An Online Forex Broker Based In Moscow, Russia, Founded In 2003. The Full Name Of The Company Is “Общество с ограниченной ответственностью «Альфа-Форекс»”（ LLC Alfa Forex). As A Forex Trading Service Provider, Alfa Forex Claims To Hold A Retail Forex License Issued By The Central Bank Of Russia (CBR) With License Number 045-14070-020000 . However, The License Was Widely Questioned As A Clone Version, Leading To Serious Questions About The Legitimacy And Compliance Of Alfa Forex.
Regulatory Information
Alfa Forex's Operations Are Regulated By The Central Bank Of Russia (CBR), But There Are Questions About The Authenticity Of Its License. Although The Company Claims To Hold A Retail Foreign Exchange License, There Is Evidence That The License May Be A Counterfeit Clone. In This Case, The Actual Operating Status Of Alfa Forex May Be Not Subject To Formal Regulation . Due To The Lack Of An Effective Regulatory Framework, There May Be Greater Risks In The Safety Of Client Funds And Trading Processes Of Alfa Forex.
Trading Products
Alfa Forex Offers Investors A Variety Of Foreign Exchange Trading Instruments, Including Mainstream Currency Pairs And Exotic Currency Pairs. Specifically, The Company Offers 41 + Currency Pairs Trading, Covering Both Major Currency Pairs (e.g. EUR/USD, GBP/USD, USD/JPY, Etc.) And Exotic Currency Pairs (e.g. USD/TRY, EUR/TRY, Etc.). In Addition, Alfa Forex Also Offers Trading Instruments Such As Precious Metals And Contracts For Difference (CFDs).
It Is Worth Noting That Spreads On Exotic Currency Pairs May Be Significantly Higher Than On Mainstream Currency Pairs. For Example, Spreads On EUR/TRY May Reach 3200 Pips , While Spreads On USD/TRY May Reach 3000 Pips . Such High Spreads May Adversely Affect A Trader's Profitability.
Trading Software
Alfa Forex Has Adopted MetaTrader 5 (MT5) As Its Core Trading Platform. MT5 Is The Latest Version Of The MetaTrader Family With Powerful Technical Analysis Features, Including 21 Timeframes And 70 Technical Indicators . In Addition, MT5 Supports The MQL5 Programming Language, Providing Traders With More Advanced Automated Trading Functions.
The MT5 Platform Not Only Supports Foreign Exchange Trading, But Also Provides Trading Functions For Other Financial Products, Such As Precious Metals, Futures, And Stocks. Traders Can Access The MT5 Platform Through Web , Windows Desktop , IOS Mobile End And Android Mobile End To Meet The Needs Of Different Devices.
Deposit And Withdrawal Methods
Alfa Forex Provides A Variety Of Deposit And Withdrawal Methods, Designed To Facilitate The Deposit And Withdrawal Of Funds By Customers. Specifically, Customers Can Use The Following Payment Methods:
- α Coefficient Mobile Banking App : Supports RUB, USD, EUR And CNY Currencies, Deposit Time Is RUB Is About 10 Minutes, USD, EUR, CNY Is About 1 Hour .
- Bank Branch : Through Cooperation With Russian α Coefficient Bank, Customers Can Deposit Or Withdraw Funds To A Bank Account, Processing Time Is 1-2 Business Days .
- Other Banks : Support RUB, USD And EUR Currencies, Processing Time Is 1-2 Business Days , And Charges Bank Commission .
- Bank Cards (MasterCard, Visa, World): Support RUB, USD, EUR And CNY Currencies, Deposit And Withdrawal Fees Are 1% .
It Is Worth Noting That Alfa Forex Does Not Charge Account Opening Or Maintenance Fees, Which Is A Favorable Condition For Traders.
Customer Support
Alfa Forex Provides A Comprehensive Customer Support Service So That Customers Receive Timely Assistance During The Trading Process. Specifically, Customer Support Includes The Following:
- Live Chat : Traders Can Contact The Support Team Via Live Chat Monday To Friday 07:00 - 23:00 Moscow Time.
- Phone Support : Traders Can Call The Following Phone Numbers:
- + 7 (499) 215-79-79
- 8 (800) 100-62-02
- + 7 (495) 215-55-46
- Email : Traders Can Contact The Support Team Via The Following Email:
- Social Media Support : Alfa Forex Via The Following Social Media Platform To Interact With Clients:
- YouTube
- Telegram
- VK (Vkontakte)
In Addition, Alfa Forex Provides Educational Resources Such As Glossaries, Economic Calendars And Trading Calculators To Help Traders Improve Their Trading Skills.
Core Business And Services
As A Forex Broker, Alfa Forex's Core Business Is To Provide Forex Trading Services To Its Clients. The Services Provided By The Company Include:
- Forex Trading : Traders Can Trade 41 + Currency Pairs , Including Mainstream Currency Pairs And Exotic Currency Pairs.
- Precious Metals Trading : Traders Can Trade Precious Metals Such As Gold And Silver.
- Contracts For Difference (CFD) Trading : Traders Can Trade CFD Products Such As Stock Indices, Commodities, And Cryptocurrencies.
- Risk Management Tool : Traders Can Use Stop Loss And Take Profit Orders To Manage Trading Risk.
- Educational And Analytical Tools : Traders Can Use Economic Calendars, Trading Calculators, And Analytical Charts To Develop Trading Strategies.
In Addition, Alfa Forex Offers A Demo Account Service Where Traders Can Practice Trading Strategies In A Real Market Environment.
Technical Infrastructure
Alfa Forex Has Adopted MetaTrader 5 (MT5) As Its Core Trading Platform And Supports The Operation Of Multiple Devices. The MT5 Platform Is Known For Its Powerful Features And User-friendly Interface, Capable Of Meeting The Needs Of Different Traders. In Addition, Alfa Forex Also Provides A White Label Service That Allows Other Companies To Establish Their Own Trading Brands On Its Platform.
Compliance And Risk Control System
Alfa Forex's Compliance System Has Been Questioned By The Authenticity Of Its Regulatory License. Since Its License Is Suspected To Be A Clone Version, Alfa Forex's Compliance And Risk Management Capabilities Have Been Seriously Questioned. In This Case, There May Be Greater Risks In The Safety Of Traders' Funds And Trading Processes.
In Addition, There Are Certain Problems With Alfa Forex's Risk Control System. For Example, High Spreads On Exotic Currency Pairs May Lead To A Significant Increase In Traders' Losses. Therefore, Traders Should Be Extra Cautious When Choosing Alfa Forex.
Market Positioning And Competitive Advantages
Alfa Forex Is Positioned As A Broker Focused On Foreign Exchange Trading In The Russian Market. Its Competitive Advantages Include:
- Low Spreads : Mainstream Currency Pairs Such As EUR/USD Have Low Spreads Of 1.4 Pips .
- Multiple Payment Methods : Support A Variety Of Deposit And Withdrawal Methods, Making It Convenient For Customers To Complete Capital Operations.
- Demo Account : Offers Demo Account Services Where Traders Can Practice Trading Strategies In A Real Market Environment.
- Educational Resources : Offers A Wealth Of Educational Resources To Help Traders Improve Their Trading Skills.
However, Due To The Questionable Nature Of Its Regulatory License, Alfa Forex's Market Positioning And Competitive Advantage Have Been Greatly Limited.
Customer Support And Empowerment
Alfa Forex Offers Its Clients Comprehensive Customer Support Services, Including Online Chat, Phone, Email And Social Media Support. In Addition, The Company Offers A Wealth Of Educational Resources Such As Glossaries, Economic Calendars And Trading Calculators To Help Traders Improve Their Trading Skills.
Social Responsibility And ESG
Alfa Forex Does Not Mention Its Performance In Terms Of Social Responsibility And Environmental, Social And Governance (ESG). Therefore, Traders Should Consider Its Performance In Terms Of Sustainability When Choosing Alfa Forex.
Strategic Cooperation Ecology
Alfa Forex Does Not Mention Its Performance In Terms Of Strategic Cooperation. Therefore, Traders Should Consider Alfa Forex's Position In The Industry Ecosystem When Choosing It.
Financial Health
Alfa Forex Does Not Provide Relevant Information On Its Financial Position. Therefore, Traders Should Consider Its Performance In Terms Of Financial Health When Choosing Alfa Forex.
Future Roadmap
Alfa Forex Does Not Provide Relevant Information On Its Future Roadmap. Therefore, Traders Should Consider Its Future Development Potential In The Industry When Choosing Alfa Forex.
To Sum Up, Alfa Forex Is A Broker That Provides Foreign Exchange Trading Services, But There Are Major Issues In Terms Of Compliance And Risk Management. Traders Should Be Extra Cautious When Choosing Alfa Forex, Especially When It Comes To The Safety Of Funds And Trading Risks.
