AlfaTrade Review

Since 2013, AlfaTrade is located in London and is regulated by UK’s Financial Conduct Authority (FCA). The online forex broker provides safe trading environment for institutions and private traders. The broker doesn’t accept US traders at the moment.

AlfaTrade offers ECN trading environment in forex markets with overall security of funds and platform interface. Comprehensive variety of trading tools and education materials are available to turn you into a better trader.

alfatrade screenshot

Trading Conditions

Minimum trade size is 0.1 lot. Maximum leverage is 200:1. The broker swears to offer tight spreads, reflecting the actual market conditions without any kind of manipulation.

The spreads for standard account start from 3 pips, while premium and pro accounts have spreads from 2.3 pips and 1.7 pips, respectively.

Innovative feature Guardian Angel is available to monitor your trading performance.

alfatrade webtrader

Trading Platforms

AlfaTrade reviews its reliable platforms with fast executions, accurate pricing and in depth technical and fundamental daily analysis. With this broker you have a selection of choices when it comes to trading platforms.

MetaTrader 4

First and foremost, there is one of the post popular and reliable platforms MT4 with Expert Advisors, advanced charting, analytical tools and user-friendly interface.

MirrorTrader

Due to high demand for social trading, AlfaTrade now offers social trading platform called Mirror Trader, which allows you to follow and copy more experienced traders automatically and have interactions with other users along the way.

WebTrader

Last but not least, you have got the web-based platform with no need to download or installation. The AlfaTrade webtrader is useful for traders on the move and can be accessed on any computer, smartphone or mobile device with the internet connection. 

Account Types

AlfaTrade gives you 3 choices for account types. The basic account for beginners is called “Standard” and has the minimum deposit requirement of $500, which is rather high compared to the broker’s competition in the industry. On one side the broker claims to be there for every trader, on the other hand, the initial deposit is so high, that getting your feet wet for a beginner can easily turn into drowning within seconds.

Another type of more advanced account is “Premium” with minimum deposit of $2,000 and lastly you have a so-called “Pro” account with minimum deposit of $10,000 designed for advanced traders.

Payment Options

Minimum deposit requirement for Standard account is $500. The available payment methods for deposits and withdrawals include Visa, MasterCard, Skrill, Neteller, WebMoney, CashU and Wire Transfer.

Customer Support 

Customer support is available 24 hours during the trading days via email, live chat and phone call. The supported languages are English, German and Italian.

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