Alfa Forex Is A Russian Online Foreign Exchange Broker That Provides Investors With Trading Tools And Money Management Services. Alfa Forex Claims To Hold A Retail Foreign Exchange License Authorized By The Central Bank Of Russia (license Number: 045-14070-020000).

Security Analysis

The Russian CBR Retail Foreign Exchange License Held By Alfa Forex Is Suspected To Be A Deck, So In Fact Alfa Forex Is An Unregulated Foreign Exchange Broker. The Most Important Factor In Measuring The Security Of A Foreign Exchange Trading Platform Is Whether It Is Formally Regulated. Unregulated Dealers Cannot Protect The Safety Of Client Funds. Investors Should Stay Away From Alfa Forex, A Foreign Exchange Broker.

Financial Instruments

Alfa Forex Provides Investors With 29 Pairs Of Popular Currency Pairs On The Foreign Exchange Market, Such As EUR USD, GBP USD, USD Ruble, EUR Ruble, USD JPY, Etc.

Leverage & Accounts

Alfa Forex's Main Currency Pairs Such As EUR USD, GBP USD, USD Ruble, USD CHF Have A Trading Leverage Of 1:40, And USD South African Rand, USD Mexican Peso Have A Trading Leverage Of 1:20. Investors Need To Hold A Russian Passport To Open An Investment Account On Alfa Forex.

Spreads & Fees

The EUR-USD Spread On The Alfa Forex Platform Is 1.2 Points, The GBP-USD Spread Is 2.1 Points, The USD-JPY Spread Is 2 Points, The USD-CHF Spread Is 1.7 Points, And The USD-CAD Spread Is 1.8 Points.

Trading Platform

Alfa Forex Provides Traders With A White-label MT5 Trading Platform. MT5 Is The Latest Version Of MT4 And Has All The Positive Features Of MT4. It Has 21 Time Periods And 70 Technical Indicators. The Computing Speed Of The MQL5 Programming Language Will Be Several Times Faster. The EA Testing Function Is More Powerful. There Are Five Order Types And Four Execution Modes, Which Can Implement Different Order Strategies. MT5 Can Provide More Financial Products, In Addition To Precious Metals, Foreign Exchange, Futures, It Also Provides Real-time Quotes And Trading Of Financial Investment Products Such As Stocks And Options, And The Trading Products Are More Diverse.