Are you ready for trading with a new and a regulated broker? This AlfaTrade review will uncover one of the brokers with the highest potential, a broker that can possibly become one of the best Forex Brokers. The number of services and their quality that this Forex broker provides should definitely grab your attention! Go on and read full Review of AlfaTrade Broker and find out what this broker is all about!
Leverage: 1:200 Licences: N/A
Min. Deposit: 500 USD Bonus: N/A
Spreads: from 1.7 pips US Clients: No
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AlfaTrade Forex Broker at a Glance
AlfaTrade Solutions SVG Limited is one of the recent names in the Forex world, if it is compared to the oldest Forex brokers. Yet this broker does a great job in climbing the ladder of the the best Forex trading providers that exist in the regulated retail market. AlfaTrade provides you not only with high quality Forex and CFD’s trading conditions, but also brings you additional services that should make your Forex trading easier and more useful.
At the time of AlfaTrade review, this broker provided tons of good educational tools, which are core part of every beginner’s path into trading. Also, it implemented high quality social trading under the name AlfaTrade Mirror Trading. The existence of such service is what really makes AlfaTrade stay out of mediocre forex brokers. While other brokers utmost supply you with the access to MQL signals, AlftaTrade does a great job of offering mirroring services on its own.
AlfaTrade Forex Trading Broker Accounts
When you are deciding on your initial deposit amount – be considerable. The reason for this is simple, the more you invest – the more goodies you will receive. During the review of AlfaTrade, we found out that the broker offers you three different types of account. The main difference between these account types is the spread you get and the amount of additional services that will be available to you.
The deposit between 500 USD and 2,000 USD will get you a Standard Account that comes with the spread of 3 pips or more. This account is also free from any commissions.
If you decide to invest between 2,000 USD and 10,000 USD you will get a Premium Account, which will lower your spread for nearly 25% and also give you some additional goodies.
The best account type available at AlfaTrade is a Pro Account that will be unlocked once you have at least 10,000 USD of the deposited funds.
The good thing, as AlfaTrade review suggests, is that all account types will give you an ability to use mirror trading an access all of the available trading platforms. Also, as a base currency for your account you can choose among USD, EUR, GBP and JPY.
AlfaTrade Reviews of Trading Platforms
When considering a good Forex Broker, one of the main things is to know which platforms does it provide. The AlfaTrade Review was surprised that such a new comer to the FX industry offers so many trading platforms.
AlfaTrade’s platforms for online FX trading include:
- Professional Forex traders favourite MT4
- Webtrader solution for those, who do not want to install any additional software on their computers. This is a rather rare features!
- Great Social Trading platform – MirrorTrader
- Trading applications for iOS and Android
AlfaTrade Review of Deposits and Withdrawals
The moment you create an account at AlfaTrade you will be provided with various deposit and withdrawal options. This review of AlfaTrade ensures that you will be able to deposit money into your real account using credit and debit cards, bank transfers and main electronic payment systems.
Every deposit method except of a bank transfer is almost instantaneous, while bank transfer will require up to 5 days of waiting time. As a standard practice of Forex brokers, you can withdraw your deposit amount anywhere but profits will have to be withdrawn via bank transfer. This is usually done to prevent money laundering, so this is certainly a feature of the trusted and regulated Forex brokers.
AlfaTrade Client Support
If you need to contact AlfaTrade support there are plenty ways of doing so. You can give them a call, write an e-mail or use live chat that is provided on the main page of Broker’s website. Supports speaks English, Russian, German, Italian and Japanese, so we are sure that with AlfaTrade will find a common language. During this AlfaTrade review, the support was rather helpful and there was no waiting line at the live chat.
AlfaTrade Review Conclusion
Putting everything together, AlfaTrade is a solid choice for traders. On the one hand, some of the spreads are slightly higher that we would see with other brokers, yet there is no commission on the trades. Hence, when it comes to pricing, this broker offers you a good deal. The existence of Social Trading that allows you to copy the trades of the best AlfaTrade traders makes this broker quite a solid choice.