AlfaTrade was an unlicensed Forex broker owned by Nemesis Capital BG Limited., located at; Oborishte District 21B, Moskovska, Str. Sofia, Bulgaria. Their local UK phone number is +44 203 514 0710, and from Sweden +74 99 705 2114.
AlfaTrade Platform Review
Traders at AlfaTrade can use MetaTrader 4, MT4, Web Trader, Mirror Trader, and for mobile traders can use the MT4 Mobile. The Mirror Trader is a nice software for those trades seeking automated Forex trading by mirroring / copying the trades of other traders. We caution you, that using automated trading software is extremely dangerous, and can result in the loss of your entire trading account. Social trading software is nice for idea generating and to see what trader sentiment is, see more here.
Their list of available assets for trading at AlfaTrade includes over 200 Forex and currency pairs, commodities (oil, gold silver), indices (majors and minors including: Spain35, Sweden30, Amsterdam25, MICEX, FTSE Italy, STOXX50 and more) plus shares.
The minimum deposit for a new account is now $500.
License & Regulation
When the Scam Broker Investigator reviews a Forex broker to determine if they are a scam broker or a legitimate broker, we want to know if a regulator like the CySEC in Cyprus gave them a license and they fall under the MIFId rules in Europe. Or are are they licensed by the FCA in England.
AlfaTrade is not a licensed broker.
Nemesis Capital Limited, Oborishte District 21B, Moshovska, Str. Sofia, Bulgaria, serves as a payment service provider for Alfa Trade.
There are many licensed broker that you can trade Forex CFD’s with…