Alfa Forex is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams. However, due to regulations Alfa Forex doesn’t accept clients from Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.

• In addition, the withdrawn money will be transferred directly to the accounts you use to create deposits.
• We have attempted to breakdown all of the qualities and charges for your advantage.
• Many unprofessional brokers try to pressurise consumers into bigger financing for superior services.
• This Alfa Forex review page contains information about investing with Alfa Forex.
• Over 10,000+ users registered with them can affirm to their trustworthy nature.
• There is only one account available, so maybe that limits some of the flexibility you may expect these days.

Most brokers offer the demo account as a perk, but few actually require download in order to continue. We found this requirement extremely curious, especially since the MetaTrader 4 platform is also available. A $10,000 minimum deposit is required to trade with Alfa Financial. For this reason, we don’t recommend this brokerage for those new to the Fforex market. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds.

No, LimeFX is a legit broker with nearly 30 years of experience. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Alfa Forex is a retail service of Alfa Bank.Alfa Bank is largest privet bank in Russia. Though I do not have much experience in trading, I want to share my opinion about LimeFX. But you need to study their documents and regulations first, in order to avoid future problems.

Alfa Forex Trading Platforms

These benefits are what sets Alfa Forex ahead of all other online brokers. You should check all of the benefits listed so you have a better comprehension of Alfa Forex. Alfa https://limefx.group/ Forex is a trading partner that has paved its way successfully to the brokerage world. In this review, we have tried to collate some of the vital aspects of Alfa Forex.

LimeFX is a major global broker focused on clients from the CIS and European Union. Our mission is to provide our customers fast and convenient access to financial markets. We are a reliable partner and provide our private and institutional counterparties with a wide range of financial instruments and reliable IT solutions.

This guide can help you to understand whether Alfa Forex is a good fit for your LimeFXs or not. We have attempted to breakdown all of the qualities and charges for your advantage. Alfa Forex is a professional broker that was founded in 2011.

To receive cash back on an existing account

But, non-trading fees charged by Alfa Forex are comparatively higher. Consequently, you’re billed more for non-trading activities in your trading account, like withdrawal and deposits. These are not related to the sale and purchase of assets.

• If you are working with an institution that offers MT4 support, you can start trading with a minimum account of $250.
• The company launched a service in October 2019 that allows small and medium-sized companies to send money anywhere in the world fast and cheaply.
• It is concerning that there seem to be several customer complaints online about Alfa Financial.

Our experienced corporate sales Team offers our corporate clients a suite of custom tailored FX solutions within credit line or account/account and real-time express transfers same-day. Alfa-Bank FX Desk provides its clients with tight spreads using our expertise in the market micro-structure. High level of RUB internalization allows us to minimize market impact when executing limefx scam clients’ orders. What advantages does this give to clients of our company? Collaboration with LimeFX, a member of Alfa Group, allows you to access all benefits of working with one of the largest financial groups in Europe. Moreover, the high foreign exchange liquidity of a European bank rated ‘AAA’ allows you to freely open and close positions of any value.

Here you can ask questions about trading and withdrawal of funds, as well as contact support for assistance. Yes, Alfa Forex offers demo accounts so you can test your trading strategies before risking any real capital. Newbie traders can open a virtual portfolio account in order to better understand the aspects of Forex trading and test out some of the company’s features before risking a live account. Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live account with Alfa Forex is $0.

Every time you move money into your bank accounts, these withdrawal charges become applicable. Alfa Forex is an online brokerage platform, and most online brokerages charge lower prices than traditional brokerages tend to bill. The reason for this is that the businesses of online brokerages are scaled better. In other words, an online broker isn’t necessarily influenced by the amount of customers they have. The agent goes to great lengths to comprehend what dealers want.

LimeFX is a globally recognized online trading brokerage that facilitates trading in a verity of lucrative financial markets. The brokerage features a selection of highly sophisticated trading platforms, favorable trading conditions, and low and competitive fees and commissions. As well, LimeFX can be trusted to provide secure, fair and reliable online trading services as they have an excellent reputation and are highly regulated. All in all, if you’re looking for a viable online trading brokerage, LimeFX could be the broker for you. Alphafx Market is an award-winning forex and commodities broker, providing trading services and facilities to both retail and institutional clients.

Powerful platforms to suit all trading styles and needs on any device. If the level is less than 3, Example; Level 1 IB and level 2 is the trader, trading 1.00 lot then, Only Level 1 will get paid for 1 level. On US stocks – Access 19,000+ stocks across core and emerging markets on 36 exchanges worldwide.

BROKER INFO

Aside from the direct trading private investors can use the service for opening an Alfa Forex PAMM-account. For this, there is a honest rating of best managers, where in a special table the duration and profits of their activity on Forex is given. Alfa Robo is a platform where you can see the performance of thousands of automated trading robots and buy them.

• However, with so many great trading brokers to choose from, how do you know if LimeFX is right for you?
• Collaboration with LimeFX, a member of Alfa Group, allows you to access all benefits of working with one of the largest financial groups in Europe.
• The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the LimeFXpanies.

Alfa Forex is regulated by Securities and Exchange Commission , Financial Industry Regulatory Authority . These bodies have rules that ensure that trading platforms have steps in place to maintain investor’s resources procured. This means that Alfa Forex users don’t need to be worried about their money since it is segregated and safely stored in banks that are established. SSL encryption secures every user’s private information as well.

I learn everything with the site’s lessons, which helped me a lot. Pretty decent conditions for trading, and think I know enough to tell in 1 limefx cheating year of trading. Not as successful as id like, but getting better all the time. The withdrawal of the profits is possible via bank transfers.

Though we haven’t encountered the AX1 platform with other brokers, it looks like a nice change from the regular MT4 offering. Even though support is very important element of forex trading, LimeFX missed an opportunity to improve their service on this part. During the writing of LimeFX broker review it was noted how this broker has an online chat that is opened in a separate window. This is not a practical solution, as traders prefer to chat in the same window.

Working conditions

In late 2015, LimeFX completed its client transfer process into Alfa Capital Holdings , meaning from that moment and on it was regulated by CySEC – Cyprus Securities and Exchange Commission. CySec regulates the business of HYCM Ltd (license number 259/14). The LimeFX company offers to invest funds in the trade of experienced traders.

The sorts of trading fees and the rates vary from broker to broker. You can start using the MetaTrader 4 platform with Alfa Forex in multiple formats including through an online web platform, or through a downloadable application for Windows PC’s and Mac’s. Alfa Forex MetaTrader 4 is compatible with the latest macOS.

It delivers them a familiar interface, even though MetaTrader5 can be a bit confusing at the beginning, especially for traders who are used to simpler platforms. LimeFX review showed that this broker has some interesting spreads. Traders can find all details about contracts on the website, and here is the info for most popular forex pairs. LimeFX review will help traders make the final decision about this broker and provide them with a much-needed insight in the world of forex with LimeFX broker.