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Alfa Forex

Russia|5-10 years|
White label MT5|High potential risk|


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MT4/5 Identification


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Influence index NO.1

Russia 8.58

MT4/5 Identification

MT4/5 Identification

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Server Name
AlfaForexRU-Real MT5
Server Location Netherlands




Influence index NO.1

Russia 8.58

Surpassed 94.96% brokers

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+7 (499) 215-79-79
г. Москва, ул. Маши Порываевой, д. 7, стр 1, эт. 1


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Broker Information


Company Name

Alfa-Forex LLC


Alfa Forex

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Warning: Low score, please stay away! 2
Previous Detection : 2024-07-21
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The RussiaCBR regulation (license number: 045-14070-020000) claimed by this broker is suspected to be clone. Please be aware of the risk!

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Alfa Forex · Company Summary

Aspect Information
Registered Country/Area Cyprus
Company Name AlfaForex
Regulation Regulatory scrutiny
Minimum Deposit Not specified
Maximum Leverage 1:40
Spreads Competitive, varying by currency pair
Trading Platforms MetaTrader 5 (MT5)
Tradable Assets Forex
Account Types Account with Hedging, Account with Netting
Demo Account Available
Islamic Account Not specified
Customer Support Limited hours, various contact methods
Payment Methods Multiple options, including bank transfers
Educational Tools Videos, articles
Website Status Available (website not reported down)
Reputation Regulatory concerns


AlfaForex is a brokerage firm that specializes in forex trading. While they offer competitive spreads and commissions, traders should be aware of concerns regarding their regulatory compliance. The broker provides multiple account types to cater to different trading preferences and offers a maximum leverage of 1:40. They also offer educational resources and demo accounts for traders to enhance their skills. However, customer support operates during limited hours, and the available trading platform is MetaTrader 5 (MT5). Traders considering AlfaForex should carefully evaluate these factors before making a decision.



AlfaForex has come under scrutiny for allegedly using a suspicious cloned regulatory license while operating as a broker. This raises concerns about the legitimacy and transparency of their operations. Traders and investors should exercise caution and thoroughly research the credentials and regulatory compliance of any brokerage firm before engaging in financial transactions with them. It is essential to prioritize safety and security when choosing a financial partner in the highly regulated and competitive industry of online trading.


Pros and Cons

Pros Cons
  • Specialization in Forex Trading
  • Regulatory Scrutiny
  • Multiple Account Types for Diverse Needs
  • Limited Customer Support Hours
  • Competitive Spreads and Commissions
  • Limited Leverage (1:40)
  • Availability of Demo Accounts
  • Limited Trading Platform Options
  • Educational Resources for Traders
  • Flexible Funding and Withdrawal Options

AlfaForex specializes in forex trading, offering multiple account types with competitive spreads and commissions. They provide demo accounts for practice and offer educational resources. The broker offers flexible funding and withdrawal options. However, it has faced regulatory scrutiny, which raises concerns about its legitimacy. Customer support operates within limited hours, and the maximum leverage is limited to 1:40. Additionally, the choice of trading platforms is restricted. Traders should weigh these pros and cons carefully when considering AlfaForex as their trading partner.

Market Instruments

AlfaForex specializes exclusively in forex trading, offering a platform and services tailored to the foreign exchange market. As a forex-focused brokerage, they likely provide traders with access to various currency pairs, tools, and resources designed to facilitate currency trading activities. Traders interested in forex markets may find AlfaForex to be a potential option for their trading needs. However, it is crucial for traders to conduct thorough research and due diligence on any brokerage they consider, assessing factors such as regulation, trading conditions, and customer support to ensure a secure and suitable trading experience.

Market Instruments

Account Types

AlfaForex offers two types of trading accounts to cater to the preferences and needs of their clients:

  1. Account with Hedging: This type of account operates similar to the MetaTrader 4 (MT4) platform, where each position exists independently. Traders can open multiple transactions on the same instrument simultaneously. This means you can take both long and short positions on the same currency pair or asset, providing greater flexibility in your trading strategy. It's a suitable choice for those who prefer a more versatile approach to trading.

  2. Account with Netting (Without Hedging): This account type is reminiscent of the MetaTrader 5 (MT5) platform. It consolidates positions for the same instrument into a single net position, meaning you cannot have multiple positions in the same direction simultaneously. This approach simplifies tracking your exposure on a specific asset but may limit certain trading strategies. Traders who prefer a straightforward approach to position management may opt for this account type.

Additionally, AlfaForex provides demo accounts that allow traders to practice and test their strategies without risking real money. These demo accounts can be easily opened in your personal account or through the application without the need for document downloads. Demo accounts are valuable for honing your trading skills and familiarizing yourself with the broker's platform before engaging in live trading. When choosing between these account types, consider your trading style and strategy to determine which one aligns best with your goals.

Account Types


The broker AlfaForex offers a maximum trading leverage of 1:40. This means that for every $1 in your trading account, you can control a trading position worth up to $40 in the market. Leverage can amplify both potential profits and losses, so it's important for traders to use it with caution and ensure they have a thorough understanding of its implications before using higher leverage levels. It's also worth noting that leverage limits may vary depending on the specific financial instruments and regulations applicable to your region, so it's essential to check the broker's terms and conditions for precise details.


Spreads and Commissions

The spreads and commissions offered by AlfaForex vary depending on the trading accounts and the currency pairs being traded. Here's a summary of the spread and commission details based on the provided information:

Spreads: The spreads are the differences between the bid (sell) and ask (buy) prices and can vary for each currency pair. AlfaForex offers competitive spreads, which are the primary costs for traders. Spreads range from as low as 0.7 pips for major pairs like EUR/USD to higher spreads for exotic pairs like USD/ZAR, which can go up to 85 pips. These spreads are reflective of the market conditions and the liquidity of each currency pair.

Commissions for Long Positions: AlfaForex charges commissions for holding long positions (buying) on certain currency pairs. The commissions are usually a fixed amount per lot and vary depending on the currency pair. For example, EUR/USD has a commission of -0.70 USD per lot, while GBP/USD has a commission of -0.55 USD per lot.

Commissions for Short Positions: Similar to long positions, AlfaForex also charges commissions for holding short positions (selling) on specific currency pairs. These commissions vary by currency pair and can be positive or negative. For instance, USD/JPY has a commission of -0.25 USD per lot for short positions.

It's essential to note that the commission structure can vary between different trading accounts and may also depend on the account type you choose, such as accounts with hedging or netting. Traders should carefully review the specific trading terms and conditions provided by AlfaForex for their chosen account type to understand the exact spreads and commissions applicable to their trading activities. Additionally, monitoring spreads and commissions is crucial for traders to manage their overall trading costs effectively.

Spreads and Commissions

Deposit & Withdrawal

To fund a trading account with Alfa-Forex, you have several options, as described in the provided information:

Funding Your Account:

  1. Using Alpha Forex Button in Bank App: Alfa-Bank clients can conveniently top up their trading accounts by clicking on the “Alpha Forex” button at the bottom of the payments section in the bank's app. This streamlined process allows for easy deposits directly from your bank account.

  2. Transfer from Any Russian Bank: Clients from any Russian bank can open an account remotely with Alfa-Forex and subsequently use their bank card to deposit funds. You can initiate the transfer using the provided details or by scanning a QR code, both of which are unique to your personal account.

Withdrawal Process:

  • Withdrawals from Alfa-Forex trading accounts are processed promptly, typically executed on the next business day, with a maximum processing time of 2 working days as specified in the contract.

Withdrawal Fees:

  • There may be a withdrawal fee incurred when withdrawing currency if the correspondent bank involved in the transaction decides to apply one. However, neither Alfa-Forex nor Alfa-Bank charges commissions for deposits and withdrawals themselves.

Deposit & Withdrawal

Trading Platforms

MetaTrader 5 (MT5) is a robust and versatile trading platform offered by Alfa-Forex, designed for traders in financial markets. It builds upon the familiar features of MetaTrader 4 (MT4) while offering enhanced capabilities. With MT5, traders can efficiently handle multiple instruments, access interactive charts with real-time quotes, and execute trades with market precision. The platform supports various types of orders, provides a wide range of analytical tools, including over 82 indicators and graphical objects, and offers flexibility with timeframes, ranging from minutes to months. Traders also benefit from a rich database of technical indicators, access to more than 30 currency pair charts, and the ability to develop and automate trading strategies using the powerful MQL5 language. Whether you're a novice or an experienced trader, MetaTrader 5 offers a convenient and comprehensive environment for trading in the financial markets, accessible on multiple devices and via web trading for seamless and efficient trading experiences.

Trading Platforms

Customer Support

Alfa-Forex's customer support operates under restrictive hours, from 07:00 to 23:00 Moscow time on weekdays, limiting accessibility for clients outside of this timeframe. While they offer multiple contact channels, including email ( and technical support (, their decision to rely on online chat platforms like WhatsApp and Telegram for client inquiries may raise concerns about professionalism and security, as these platforms are not traditionally associated with financial services.

Customer Support

Educational Resources

For educational resources in trading and market analysis, Alfa-Forex provides a dedicated webpage at On this platform, traders and enthusiasts can access a wealth of valuable content, including videos and articles. These resources offer an opportunity to enhance trading knowledge and gain insights into the intricacies of financial markets. Whether you're a novice looking to learn the basics or an experienced trader seeking advanced strategies, Alfa-Forex's educational materials aim to cater to a wide range of learning needs, empowering individuals to make informed decisions in the complex world of trading.

Educational Resources


AlfaForex has faced scrutiny due to allegations of using a suspicious cloned regulatory license, raising concerns about the legitimacy of their operations. While they specialize in forex trading, offering various account types and trading platforms, traders are advised to exercise caution and conduct thorough research into their regulatory compliance. The broker provides a maximum trading leverage of 1:40, which traders should use carefully. Spreads and commissions vary based on account types and currency pairs, and the deposit and withdrawal processes offer multiple options. The MetaTrader 5 platform enhances trading capabilities, but customer support operates within limited hours. AlfaForex provides educational resources, allowing traders to enhance their knowledge. Overall, it's essential for traders to carefully evaluate the pros and cons before choosing this broker.


Q1: Is AlfaForex regulated?

A1: AlfaForex has faced concerns about its regulatory compliance, and traders are advised to verify the legitimacy of its licenses and regulatory status before trading.

Q2: What is the maximum leverage offered by AlfaForex?

A2: AlfaForex offers a maximum trading leverage of 1:40, allowing traders to control positions worth up to 40 times their account balance.

Q3: Are there demo accounts available for practice?

A3: Yes, AlfaForex provides demo accounts that allow traders to practice and test their strategies without risking real money.

Q4: How long does it take for withdrawals to process?

A4: Withdrawals from AlfaForex are typically processed on the next business day, with a maximum processing time of 2 working days.

Q5: What trading platform does AlfaForex offer?

A5: AlfaForex offers the MetaTrader 5 (MT5) platform, which provides a comprehensive environment for trading, technical analysis, and automation of trading strategies.

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