- Company Name:
- AlfaTrade Limited
- Founded in:
- St Vincent and the Grenadines
- Minimum Deposit:
- 500 USD
- Languages available:
- English, Chinese, Spanish, Russian, Arabic
Established in 2013, AlfaTrade has expanded to become one of the industries most respected and well known works brokerages. The company is regulated by the financial conduct authority (FCA) in the UK, meaning that you don’t need to worry about the safety of your deposit centre of account with them as all client funds are segregated and regulation means AlfaTrade must adhere by strict risk management and reserve capital guidelines.
The company offers a range of different platforms to its clients. As the industry standard, depositors gain automatic access to the MT4 platform – unquestionably the most popular and well-used trading platform in the Forex space. The company also offers a demo account must platform, meaning you can hone your trading strategy before you commit funds. In addition to this platform, a trader can also gain access to a mirror trading account with AlfaTrade. Mirror trading allows depositors to popular trades of other, successful traders and “mirror” the results of these traders in their own accounts. Again, as we’re seeing become the standard in the Forex space at present, the company also offers a mobile trading platform.
The company offers three main account types – standard, premium and pro. The primary difference between the account types of the spreads a trader gains access to with each type. For example, if the trader opens a standard account (with a minimum deposit of $500) spreads start from three pips. While on a pro account (minimum deposit $10,000) spreads start from just 1.7 pips. Minimum lot size on all account types start at 0.1.
Support is offered 24 hours a day during the week (Monday to Friday) via email, Skype, telephone and an online-based message system. For those looking for instant support, there is also a live chat system available through the company’s website. AlfaTrade is known in the industry for quickly resolving a client queries or issues, so you are in good hands as far as support is concerned.
AlfaTrade offers its users the ability to trade a range of instruments. From the traditional Forex pairs (30+ major and minors) to mainstream indices such as the S&P 500 and the NASDAQ as well as CFD’s (contracts for difference) on soft commodities, metals and energies.
All said, there are a number of redeeming features that sets this company apart from its competition. 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.