AlfaTrade Review & Information

AlfaTrade


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Overall: 4.38
 

AlfaTrade is a Forex broker owned by Alfa Trade (UK) Ltd. They are located at 85 Gresham Street, London, EC2V 7NQ, England.

Their local UK phone number is +44 20 3608 7999. From German call +49 322 2109 3584 and from Italy call +39 02 9475 0626. Their email address is [email protected]

AlfaTrade is FCA (Financial Conduct Authority) authorised and regulated with license number 611346. The company registration number is 08722206. As you can see on the FCA website, They received their license on September 1st 2014. With the recent volatility in the Forex markets, traders are increasingly becoming aware of the need to trade only with a licensed and regulated broker. The brokers license from the FCA allows them to offer licensed brokerage services in all EU countries.

Accounts Available

AlfaTrade offers account types based on minimum deposit requirements. The first type – a standard account – has a minimum deposit of $500 and offers a trader access to spreads starting from three pips. The second type – the premium account – requires a minimum deposit of $2000 and offers traders access to breast starting from 2.3 pips. Finally, the pro account, requires a minimum deposit of $10,000 and gives a trader spread starting from 1.7 pips. All types offer maximum leverage of 200:1, and instruments available include Forex, contracts for difference on metals and also on indices. Minimum lot size 0.1.

Software

As has become industry-standard over the past 10 years, AlfaTrade offers its clients free and unlimited access to the well-known MT4 platform. Users can gain access to the platform on both desktop and mobile (through the MT4 mobile app). In addition, AlfaTrade also offers a mirror trading facility – which allows users to copy the trades of successful traders automatically through their platform.

Tools

At the company’s website you can find a range of useful tools – access to all of which is free. These tools include an economic calendar, trading signals and daily market analysis. In addition, the company also offers a unique “guardian angel” tool that provides real-time feedback on your trading progress. This can be especially helpful when analysing results in order to optimise your strategy. Further to the tools offered, AlfaTrade also provides a free educational resource to its clients, and the facilities to open a free demo account on the MT4 platform.

Support

AlfaTrade offers a range of support options both on and off-line. Users can speak with the brokerage directly through live chat on the website or through the telephone number listed on its contact us page. Further, there are a range of support emails designed to direct your query to the correct department.


AlfaTrade Reviews by Customers

AlfaTrade review by Malinda

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Overall: 4.88
 

With so many Forex brokerages available to beginner and experienced traders alike, it can be difficult to make a decision as to where to allocate your funds. Here at Forex Minute, we have no problem recommending this company as high on the list of options.

AlfaTrade review by Virginia

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Overall: 4.00
 

All said, AlfaTrade looks to be – as described earlier – one of the industry’s top brokerages. Through its deep range of trading tools and educational resources, its use of industry-standard software and its various account types (as well as regular promotional bonuses), both beginner and more experienced traders can get an edge in the foreign exchange market.

AlfaTrade review by Susan

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Overall: 4.25
 

A way to judge a broker is to look at its ease of trading, good leverages, risk management options, safety measures, customer support and an overall smooth experience. From this we can easily conclude that AlfaTrade meets all of those standards and requirements of being a reliable online forex broker.

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