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Alfa Financial was established in 1994 and belongs to Alfa Financial LLC. The broker is authorized and regulated by the Central Bank of the UAE as a financial and monetary intermediary. This means that the company is licensed to offer its services in the United Arab Emirates. Its headquarters are located in Dubai. Being one of the leading brokers in the Middle East, Alfa Financial has grown into a large and well-established international investment firm and has become a true industry leader.
Trading conditions
Alfa Financial offers its clients about 40 currency pairs, including all majors, cross-currency pairs, and exotic ones. It also offers to trade CFDs on precious metals, commodities, indices, and futures. The minimum deposit is set at $10,000 which is quite high on Forex. Besides, the broker charges a VAT of 14% on all commission fees. It is possible to start trading on a demo account.
The leverage provided by Alfa Financial can be as high as 1:100. This is perfectly enough to fit even the most aggressive trading style. Still, traders should keep in mind that high margin trading involves higher risks.
Trading platforms
With Alfa Financial, traders have a choice between two trading platforms: MetaTrader 4 and AX1 Trader, an innovative program developed by the company. МТ4 is widely popular with all active traders. What is more, it enables you to run an automated trading session with the help of the trading robot. As for AX1 Trader, it has a user-friendly interface and is rather fast and reliable.
Customer support
The customer service team is available 24/7. Customers can tell about their experience or notify about any issues through the specified email. You can also get in contact with the support team through a phone number and a live chat. It is also possible to request a callback.
Deposit and withdrawal of funds
With Alfa Financial, you can deposit and withdraw funds only through wire transfers.
Advantages and disadvantages
Advantages:
- regulated and licensed broker
- over 20 years of experience on Forex
- user-friendly trading platforms
- average spreads
Disadvantages:
- high minimum deposit
- limited ways of deposit and withdrawal of funds
- high fees
Conclusion
Alfa Financial is a brokerage firm registered in Dubai and regulated by the UAE Central Bank. This means that traders do not have to worry about the safety of their funds. At the same time, we believe that the minimum deposit requirements at Alfa Financial are way too high. Even with a regulated broker, such an amount is not worth risking. If you wish to get more details about the company’s operation, there are plenty of traders’ reviews on the network.
