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Broker AlfaTrade

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Review of Alfatrade

AlfaTrade-Broker Review

Alfatrade is a Forex and CFD broker from Europe which allows to trade with Forex, precious metals and Contracts For Difference based on indices, stocks and commodities. This company offers a variety of services, including ECN execution, access to many markets, modern trading platforms, solutions of Forex automated trading and more.


Type of broker

Alfatrade is a ECN/STP Forex&CFD broker.


Regulation

At the moment this broker has no regulation.


Country of origin

The headquarters of this company are located in Sofia, Bulgaria.


Trading Instruments

This broker offers to its clients the following instruments to trade in the market:

  • Forex market: 47 currency pairs in the spot market, from the most important like the EUR/USD, GBP/USD and USD/JPY to other more exotic including the USD/RUB, USD/NOK and USD/MXN.
  • Commodities: Gold, silver and platinum in the spot market, three of the main commodities in the market.
  • Contracts For Difference based on the following instruments:
    • 13 stock indices, including the most important as the S&P 500 and the FTSE 100 among others.
    • Energy commodities (oil and natural gas).
    • Precious metals.
    • Copper.

Trading Accounts​

Alfatrade offers the following types of trading accounts:

Service/Account Type

Standard Account

Premium account

Pro account

All account types are suitable for traders of all types, including beginners, experts and traders specialized in autotrading

It is the standard account of Alfatrade for beginners traders

It is the premium account Alfatrade, for more experienced traders

It is the account of Alfatrade for VIP customers

Minimum deposit

500 USD

2000 USD

10000 USD

Trading instruments

Forex and CFD (indices, metals and energy commodities.

Forex and CFD (indices, metals and energy commodities)

Forex and CFD (indices, metals and energy commodities

Trading platform

MT4, MT4 mobile and Mirror trader

MT4, MT4 mobile and Mirror trader

MT4, MT4 mobile and Mirror trader

Minimum spread (pips)

2.7

2.3

1.5

Maximum leverage

1:200

1:200

1:200

Minimum trade size (lots)

0.1

0.1

0.1


Demo Accounts

It offers a demo account with no limit of time.


Trading Platforms

The trading platforms of this broker are the following:

  • Metatrader 4: This downloadable application is one of the most complete and used trading platforms in the Forex market. Metatrader 4 includes many trading features like updated quotes, advanced prices charts with multiple time frames (1 minute to 1 month), dozens of technical indicators, updated news, various types of orders and many other. One of its main advantages is that it allows the creation, evaluation and implementation of automated trading systems called Expert Advisors which are based on technical analysis. The version offered by Alfatrade provides access to the orders book (market depth) which in turn gives the trader accessibility to Level 2 quotes.
  • Webtrader: It is an online platform (web-based) which requires no download or installation. Through this application the trader can access the markets from anywhere with an Internet connection, which gives the trader more flexibility in their trades. Webtrader is fully integrated with MT4 and is designed with a variety of trading tools such as updated quotes, features for positions  management, price charts of various types and technical indicators among others.
  • Mirror Trading: An online platform that specializes in a form of automated trading called Mirror Trading which allows to copy automatically without the intervention of the trader, the transactions performed by experienced traders and automated systems. These trader are replicated automatically in the customer’s account and usually are based on proven trading strategies. Through Mirror Trading, the investor can access an extensive network of traders and systems with all trading styles, among which you can choose the most profitable and appropriate for your goals and form an investment portfolio. This application is based on the system developed by the company Tradency, specializing in automated trading solutions.
  • Mobile platforms (Mobile MT4): It is an application based on Metatrader 4 which allows to access the account and trade in the market from Apple and Android mobile devices. This platform includes a complete technical analysis package and full connectivity to the trading community.

Payment Options

The client of this broker has the possibility to deposit and withdrawl funds through Bank Wire Transfer and Credit Cards (the most important like VISA and Maskercard), Skrill, CashU and WebMoney.

The client can add funds in USD, EUR and GBP.


Main Advantages of Alfatrade

  • Alfatrade is a CFD and Forex broker from that offers ECN trading accounts, which allow to trade with low and variable spreads.
  • Through its accounts and trading platforms, the investor has the ability to access a variety of markets, in addition to Forex.
  • Regular promotions to its clients, including welcome bonuses for traders that open an account and deposit funds.
  • The clients have access to a variety of trading platforms, including an online platform.
  • Alfatrade provides a free trading signals service to its customers.
  • It offers a variety of automated trading solutions to their clients, including the Mirror Trading platform and the ability to use Expert Advisors for Metatrader 4.
  • Alfatrade customers can access a variety of resources for education, such as:
    • Video tutorials on the Metatrader 4 platform, social trading (focused on Mirror Trading), trading and financial markets in general, trading strategies, analysis tools and Forex ECN among others
    • A video course for beginners.
    • A video course for experts.
    • A free e-book on the Forex market.
    • Free webinars.
    • Personal training one to one.
  • Daily and weekly market analysis by experts.
  • Access to an updated economic calendar.
  • Alfatrade provides a tool called Guardian Angel, which among other things provides the customer with real time information regarding their progress as a trader, successful trading strategies and how you can improve your skills and potential in the market. Thus, the trader receives 100% personalized advice and can identify their strengths and weaknesses and improve their skills.
  • This broker offers the possibility to earn money by promoting its services as a broker through an affiliate program called AlfaTrade Partners.

Main Offers of AlfaTrade

  • Currently Alfatrade offers a welcome bonus of 50% to new customers who open an account and deposit funds.

Other Categories of this broker

  • Gold Broker.
  • Silver Broker.
  • Oil Broker.
  • Metatrader 4 Broker.
  • CFD Broker.

Companyes

Nemesis Capital BG Limited

Minimum account size

$500.

Minimum lot size

0.1 lot.

Maximum Leverage*

Up to 1:200 for Forex.

Spreads

AlfaTrade offers low spreads from 1.5 to 2.7 pips for major currency pairs like the EUR/USD.

Link to the website

Open an account

 

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