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FIXI Markets Review | MT5 Broker
- Broker Type: STP
- Leverage: 1:400
- Regulation: Seychelles: FSA
- Min. Deposit: 250 US$
- HQ: Seychelles
- Platforms: MetaTrader 5
- Found in: 2017:
Licenses of FIXI Markets
AlfaForex Company Profile
Alfa-Forex (Альфа-Форекс) is part of the Russian Alfa Group, which has a large variety of different businesses in Russia, including banking, insurance, investment, several supermarket chains and a waterworks company.
Alfa-Forex, as Alfa Capital Holdings is based and regulated in Cyprus, by the Cyprus Securities and Exchange Commission (CySEC), but is most active in Russia. The broker also got a license from Russia’s Central Bank in 2018.
The local regulator CySEC provides a decent level of client protection, but not as stringent as that of UK’s FCA. It is a bit more lenient, but in the past months, it has stepped up the oversight and requirements and has set a default leverage cap of 1:50 and banned the client bonuses.
AlfaForex Trading Platforms
Both MT4 and MT5 are available for download on both Mac and Windows devices. The applications are also downloadable through the iOs and Android platform.
By using these platforms, a trader can get a graphical representation of the market movements through his or her brokerage account. These cutting-edge technologies can also be used to make market predictions with the advanced tools or indicators included in the program.
Furthermore, each type of Alfa Forex’s trading account is designated with specific platforms. Standard Accounts can either opt for the MetaTrader4 or MetaTrader5. These platforms support trading for instruments such as Forex, Gold and Silver and CFD with leverage that differ from one another. ( we could at this moment not find if they are offering cryptocurrencies)
In addition to this Alfa Forex, the online broker supports ZuluTrader. These traders use a ZuluTrade, a software that provides mobile social and copy trading platforms. This platform can perform trades using Forex, Gold and Silver as its main instruments.
Some of its features are automated forex trading and hold thousands of strategies for automated trading. ZuluTrade is also fully compatible with MetaTrader4.
ZuluTrade also comes with an open environment feature where traders can interact with each other and share information that can potentially help them in their trades.
The minimum deposit of this forex broker is $300, and this will give clients the maximum leverage of 1:100.
Scalping is allowed in all of its platforms.
Beginners can also practice trading before fully entering the real market. The platforms are available for a full-service demo account where traders are presented with a simulated market environment. Here they can further hone the trading skills that they can apply or use in the future. This will also educate them further in knowing potential market changes and experiencing them will allow them to come up with an action plan once it becomes a reality.
Lastly, AlfaForex also uses ACTTrader as one of its platforms. It is designed to create, test and run trading strategies as one of its features. The desktop software platform also comes with FXVoyager which provides more market controls and tools for analysis.
Methods of payment
Alfa-Forex accepts client deposits through debit and credit cards, bank transfers and the online payment system of Alfa Bank – Alfa-Click.
The options are to be rather limited,
Of the several Russian forex brokers, Alfa-Forex appears to offer the most favourable trading conditions, especially in terms of leverage and spreads. It also has a good selection of trading platforms, but the lack of clear information of the minimum sum required to start trading and the lack of a demo account should make you think again before you start.