July 06, 2020

Top Forex Brokers

Alfa Financial Broker Review

General Features of Alfa Financial

Broker in review: Alfa Financial

Established in 2010

Location: Dubai

Regulation: Central Bank of U.A.E.

Trade With The Market Leaders Since 1993

Alfa Financial is a pioneer and global provider of online trading services, regulated by the Central Bank of United Arab Emirates. At Alfa Financial we ensure that our clients enjoy a one-to-one relationship focused on maximizing trading capabilities for successful investment. With our fixed spreads, standard leverage, low margin and dedicated customer support we are recognized for our integrity and credibility.

50+ CURRENCY PAIRS - MAJORS, CROSSES AND EXOTICS
24 HOURS A DAY. 5 DAYS A WEEK
LEVERAGE UP TO 1:100
TRADE THE MOST LIQUID MARKET IN THE WORLD

Account, Payments and Trading Conditions

Trading instuments:  50+ CURRENCY PAIRS - MAJORS, CROSSES AND EXOTICS 

Demo account: yes. Potential customers are highly recommended to practice their trading skills with virtual money on AX1 Trader Demo, for at least a month, before starting to trade in a live account with real money. Each user gets virtual $25000 on account opening and this virtual money can be used for practicing for a period of 30 days.

Trading platforms: AX1Trader, MetaTrader 4

Web-based platform: not available. In order to trade with Alfa, you have to download the respective software. There is no other way to trade.

Minimum deposit: The broker requires an initial deposit of $5000 to open a live trading account after you have completely read, understood, and acknowledged how to use our trading platforms by using AX1 Trader Demo. 

Live Trading accounts are usually set up within 1 business day, once all the forms are filled and submitted along with the supporting documents.

Payment options: wire transfer

Currency pairs: 50

PRODUCT SYMBOL CONTRACT UNIT CONTRACT SIZE INSTRUMENT TYPE INITIAL MARGIN TICK SIZE CONTRACT MONTH
EURUSD EURUSD Currency 100000 Currency 2000 0.0001 Spot - T+2 - Max. 360 Days
GBPUSD GBPUSD Currency 100000 Currency 1000 0.0001 Spot - T+2 - Max. 360 Days
AUDUSD AUDUSD Currency 100000 Exotic Currencies 1000 0.0001 Spot - T+2 - Max. 360 Days
NZDUSD NZDUSD Currency 100000 Exotic Currencies 1000 0.0001 Spot - T+2 - Max. 360 Days
USDCAD USDCAD Currency 100000 Currency 1000 0.0001 Spot - T+2 - Max. 360 Days
USDCHF USDCHF Currency 100000 Currency 2000 0.0001 Spot - T+2 - Max. 360 Days
USDJPY USDJPY Currency 100000 Currency 1000 0.01 Spot - T+2 - Max. 360 Days
AUDCAD AUDCAD Cross-Currency 100000 Cross-Currency 2000 0.0001 Spot - T+2 - Max. 360 Days
AUDCHF AUDCHF Cross-Currency 100000 Cross-Currency 2000 0.0001 Spot - T+2 - Max. 360 Days
AUDJPY AUDJPY Cross-Currency 100000 Cross-Currency 2000 0.01 Spot - T+2 - Max. 360 Days
AUDNZD AUDNZD Cross-Currency 100000 Cross-Currency 2000 0.0001 Spot - T+2 - Max. 360 Days
CADCHF CADCHF Cross-Currency 100000 Cross-Currency 2000 0.0001 Spot - T+2 - Max. 360 Days
CADJPY CADJPY Cross-Currency 100000 Cross-Currency 2000 0.01 Spot - T+2 - Max. 360 Days
CHFJPY CHFJPY Cross-Currency 100000 Cross-Currency 2000 0.01 Spot - T+2 - Max. 360 Days
EURAUD EURAUD Cross-Currency 100000 Cross-Currency 2000 0.0001 Spot - T+2 - Max. 360 Days
EURCAD EURCAD Cross-Currency 100000 Cross-Currency 2000 0.0001 Spot - T+2 - Max. 360 Days
EURCHF EURCHF Cross-Currency 100000 Cross-Currency 2000 0.0001 Spot - T+2 - Max. 360 Days
EURGBP EURGBP Cross-Currency 100000 Cross-Currency 2000 0.0001 Spot - T+2 - Max. 360 Days
EURJPY EURJPY Cross-Currency 100000 Cross-Currency 2000 0.01 Spot - T+2 - Max. 360 Days
EURNZD EURNZD Cross-Currency 100000 Cross-Currency 2000 0.0001 Spot - T+2 - Max. 360 Days
GBPAUD GBPAUD Cross-Currency 100000 Cross-Currency 2000 0.0001 Spot - T+2 - Max. 360 Days
GBPCAD GBPCAD Cross-Currency 100000 Cross-Currency 2000 0.0001 Spot - T+2 - Max. 360 Days
GBPCHF GBPCHF Cross-Currency 100000 Cross-Currency 2000 0.0001 Spot - T+2 - Max. 360 Days
GBPJPY GBPJPY Cross-Currency 100000 Cross-Currency 2000 0.01 Spot - T+2 - Max. 360 Days
GBPNZD GBPNZD Cross-Currency 100000 Cross-Currency 2000 0.0001 Spot - T+2 - Max. 360 Days
NZDCAD NZDCAD Cross-Currency 100000 Cross-Currency 2000 0.0001 Spot - T+2 - Max. 360 Days
NZDCHF NZDCHF Cross-Currency 100000 Cross-Currency 2000 0.0001 Spot - T+2 - Max. 360 Days
NZDJPY NZDJPY Cross-Currency 100000 Cross-Currency 2000 0.01 Spot - T+2 - Max. 360 Days
EURMXN EURMXN Cross-Currency 100000 Exotic Currencies 4000 0.0001 Spot - T+2 - Max. 360 Days
EURTRY EURTRY Cross-Currency 100000 Exotic Currencies 6000 0.0001 Spot - T+2 - Max. 360 Days
USDDKK USDDKK Currency 100000 Exotic Currencies 4000 0.0001 Spot - T+2 - Max. 360 Days
USDINR100K USDINR10 Currency 100000 Exotic Currencies 6000 0.001 Spot - T+2 - Max. 360 Days
USDMXN USDMXN Currency 100000 Exotic Currencies 4000 0.0001 Spot - T+2 - Max. 360 Days
USDNOK USDNOK Currency 100000 Exotic Currencies 4000 0.0001 Spot - T+2 - Max. 360 Days
USDSEK USDSEK Currency 100000 Exotic Currencies 4000 0.0001 Spot - T+2 - Max. 360 Days
USDSGD USDSGD Currency 100000 Exotic Currencies 4000 0.0001 Spot - T+2 - Max. 360 Days
USDTRY USDTRY Currency 100000 Exotic Currencies 6000 0.0001 Spot - T+2 - Max. 360 Days
USDZAR USDZAR Currency 100000 Exotic Currencies 4000 0.0001 Spot - T+2 - Max. 360 Days

Spread types: fixed

Spreads: 1 pip

Maximum leverage: 1:100

Commissions: $15 per round-trip trade

 Customer support: phone, skype, email

Advantages of Trading with Alfa Financial Review

  • Advanced platforms and a custom-trading environment tailor-made for a diverse clientele.
  • A fair and ethical trading environment for all clients regardless of their net capital worth, the size of their investment, or their account type.
  • Licensed and regulated by the Central Bank of the U.A.E., Dubai Chamber of Commerce and Industry and the Economic Department of Dubai since 1993.
  • Fast execution and liquidity, automated withdrawals of trading profits and secured funds deposits in segregated accounts.
  • Efficient client coverage 24/5.
  • High leverage/ low margin requirements - offering traders leverage of up to 1:100.