BrokAIr Reviews

Alfa Forex Review

"Alfa Forex has been accused of having the worst customer service in the online brokerage industry. Is this really the kind of service that investors should be settling for?"

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Alfa Forex: A Brief Overview

Alfa Forex is an online broker that was founded in 2008 by the Alfa Capital Holdings (Cyprus) Ltd. The company offers services in Forex trading, CFDs and commodities. It is regulated by the Cyprus Securities and Exchange Commission (CySEC) and registered with the Financial Conduct Authority (FCA).

Pros

Alfa Forex has a wide range of products and services that appeal to both experienced and beginner traders. They offer a variety of account types including Micro, Standard, ECN, Islamic and VIP accounts. Additionally, they have low spreads, fast execution speeds and customer support in multiple languages.

Cons

Alfa Forex does not offer bonuses or promotions for new customers. They also do not offer any automated trading solutions like Expert Advisors or custom indicators. Furthermore, the demo account is only available for 30 days which can be too restrictive for many users.

Public Opinion

Overall, public opinion on Alfa Forex is positive. Most reviews praise the company's customer service, low spreads and fast execution speeds. However, some users have complained of slow withdrawal times and lack of bonuses or promotions.

Recent Newsworthy Events

Recently, Alfa Forex was awarded the “Best Forex Broker” award at the 2020 Global Banking & Finance Awards ceremony. This award recognizes their commitment to providing high quality services to their clients. In addition, Alfa Forex recently launched its new mobile app which provides users with access to their accounts from anywhere in the world.