Alfa Financials Journal

Journal status: live
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Alfa Financials Profile
Year
2016
Country
South Africa
Branches
1
Regulation
FSCA South Africa
Registration
FSCA South Africa
Investor protection
Fund protection
no
Publicly traded
no
Restricted in
Not serving
х US
Broker type
MM
Dealing book
B-book
Tier
3
Execution speed
0 ms
LPs total
0
LPs quality
none
LPs names
none

Alfa Financials Accounts
MM
Minimum Deposit
1000 $
Leverage
100 : 1
Minimum Lot
0.01 lots
EURUSD spread
0 pips
Commission
15 $/lotRT
Volume
Unlimited
Margin Call
...
Stop Out
...
Execution
Market
Spread
floating
Scalping
...
Deposit & Fees
Deposit methods
Bank Wire, Credit Card, Debit Card, PayGate
Base currency
USD
Segregated accounts
yes
Interest on margin
no
Inactivity fee
after 1 months
Update broker

Is Alfa Financials safe?

  • Investor protection: no
  • Regulation: FSCA South Africa
  • Registration: FSCA South Africa
  • Publicly traded: no
  • Segregated account: yes
  • Guaranteed Stop Loss: no
  • Negative Balance Protection: no

Is Alfa Financials trusted?

  • Information transparency: limited ★★
  • Customer service: virtually non-existent
  • Alfa Financials website: uninformative, updated ★★
  • Alfa Financials popularity (by visitor count): least visited

How Alfa Financials works


6.7 The Client accepts that the Company is the only execution venue.
Execution Venue
11.1 The Company acts as principal, and not as agent on the client's behalf, for all transactions in the instruments provided by the Company and therefore is the sole venue for execution of the clients' orders.

Conflict of Interest
16.1 The client accepts that a conflict of interest may arise when the interest of the Company competes or interferes, or appear to compete or interfere, with the client's interests under Client Agreement.

6.2 The client accepts that:
a. the Company may execute at the same time instructions by different clients that are opposite to one another;



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