Independent rating of Forex broker Alfa Financial

About company

Alfa Financial is one of the oldest brokerage firms in the UAE established in 1993. The company is regulated by the Central Bank of the United Arab Emirates. On the official website, Alfa Financial calls itself a pioneer and global provider of online trading services, and considers itself to be synonymous with professional and quality services. It is extremely difficult to find out whether this information is true since there is no data on the broker’s activity as well as feedback from traders on the Internet.

Trading conditions

• CFDs and Forex trading on dual platforms
• access to more than 80 graphs and technical analysis tools
• above 50 currency pairs: cross pairs, major and exotic pairs
• futures, indices, precious metals (gold, silver, copper), oil, natural gas, and agricultural products
• hedging
• reduction of potential losses using Stop Loss orders
• a vast selection of charts and tools for technical analysis
• opportunity to make a profit in both bear and bull markets

Trading platform

Alfa Financial offers its clients two trading platforms - AX1 Trader and MetaTrader 4. The AX1 Trader platform is the ultimate management console for a typical financial trading service provider. Modules of the trading platform provide the trader with a wide range of customized solutions and help meet all sorts of business requirements. AX1 Trader’s three main advantages are user-friendly interface, order routing, and multilingual support. MetaTrader 4 is a more common and familiar type of trading platform. It is a versatile trading system that supports three execution modes and eight order types. MT4 also offers a wide selection of charts, over 50 analytical tools, and interactive schemes.

Support service

The Alfa Financial support team works 24/5. Clients can contact Alfa Financial managers via a feedback form, live chat, or phone.

Traders’ reviews

We have not been able to find any information about the broker’s activity as well as traders’ reviews on the Internet. As a result, it is simply impossible to get the opinion of the broker’s former or current clients about the level of its professionalism.

Advantages:

• free demo account
• low commission
• narrow spreads
• low initial margin requirements
• MetaTrader 4

Disadvantages:

• broker’s official website does not contain basic information that could be useful for traders: minimum trade size, payment methods, etc.
• high minimum deposit