Alfa Success Corp

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information

What is Alfa Success Corp？

Alfa Success Corp is an unregulated forex and CFD broker offering stocks, currencies, indices, and commodities through CFDs for both individual and corporate clients through MT4 trading platform.

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

Pros & Cons

Alfa Success Corp is unregulated, which may pose risks for traders. Additionally, the unavailable website and reports of unable to withdraw adds to the uncertainty surrounding the broker.

On the positive side, Alfa Success Corp offers a variety of market instruments through the MT4 platform, which may be appealing to some traders.

Alfa Success Corp Alternative Brokers

There are many alternative brokers to Alfa Success Corp depending on the specific needs and preferences of the trader. Some popular options include:

• FOREX TB - with a user-friendly platform and a wide range of trading instruments, FOREX TB is recommended for traders looking for a comprehensive and accessible trading experience.

• Markets.com - known for its advanced trading tools and educational resources, Markets.com is recommended for traders seeking a robust and educational trading environment.

• TeleTrade - offering a range of account types and competitive trading conditions, TeleTrade is recommended for traders looking for a reliable broker with diverse trading options.

Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.

Is Alfa Success Corp Safe or Scam？

Based on the information provided, Alfa Success Corp is an unregulated broker, with an unauthorized National Futures Association (NFA, License No. 0536886) license and an unavailable website. The lack of regulation, absence of guaranteed funds, and no segregated accounts raise concerns about the safety and legitimacy of the company. It is crucial to exercise caution when dealing with unregulated brokers, as there may be an increased risk of fraudulent activities or unethical practices. Traders are advised to thoroughly research and consider the risks associated with trading on unregulated platforms before making any investment decisions.

Market Instruments

Alfa Success Corp offers a range of market instruments for traders to engage in trading and investing activities. Traders have the opportunity to trade and invest in various financial instruments, including stocks, currencies, indices, and commodities through Contracts for Difference (CFDs). CFDs allow traders to speculate on the price movements of these underlying assets without actually owning them. This provides flexibility and the potential for profit in different market conditions.

However, it is important to note that the lack of regulation raises concerns about the transparency and security of trading these instruments with Alfa Success Corp. Traders should carefully assess the risks associated with trading on an unregulated platform before engaging in any trading activities.

Accounts

Alfa Success Corp provides traders with the option to open both demo and live trading accounts. The demo account allows traders to practice their trading strategies and familiarize themselves with the platform without risking real money.

On the other hand, the live trading account is designed for traders who are ready to trade with real funds. Alfa Success Corp requires a minimum deposit of $100 to open a live account, which makes it relatively accessible for traders with different budget sizes.

However, it's important to note that the lack of regulation with Alfa Success Corp raises concerns about the safety of funds and the overall reliability of the broker.

Leverage

Alfa Success Corp provides a maximum leverage of 1:500. Leverage is a tool that allows traders to amplify their trading positions and potentially increase their profits. With a leverage of 1:500, traders can control a larger position in the market with a smaller amount of capital. While high leverage can be enticing for traders looking to maximize their trading opportunities, it's important to note that it also comes with increased risk.

The higher the leverage, the higher the potential for both profits and losses. Traders should exercise caution and use leverage wisely, considering their risk tolerance and trading strategy. It is crucial to fully understand the implications of leverage and manage it effectively to avoid excessive risks in trading.

Spreads & Commissions

During testing on Alfa Success Corp's demo MetaTrader 4 account, it was observed that the spread for the EUR/USD currency pair averaged around 2.9 pips. This spread is relatively higher compared to the industry average of 1.5 pips for the same currency pair. It's worth noting that the spread is the difference between the buying and selling price of an instrument, and it directly impacts trading costs.

However, there is no specific information available regarding commissions charged by Alfa Success Corp. Traders should consider the spread and any potential additional costs when evaluating the overall trading conditions and cost-effectiveness of the broker's offerings.

Below is a comparison table about spreads and commissions charged by different brokers:

Please note that these values are subject to change and may vary depending on market conditions and the specific account type offered by each broker. It's always recommended to refer to the broker's official website or contact their customer support for the most up-to-date and accurate information regarding spreads and commissions.

Trading Platforms

Alfa Success Corp provides the popular MetaTrader 4 (MT4) trading platform to its clients. MT4 is widely recognized and appreciated by traders for its comprehensive features and user-friendly interface. This platform offers advanced charting capabilities, a wide range of technical analysis tools, customizable indicators, and the ability to automate trading strategies through expert advisors (EAs).

Traders can access real-time market quotes, execute trades with speed and precision, and monitor their positions and account activity in real-time. Additionally, MT4 is available for desktop, web, and mobile devices, allowing traders to stay connected and manage their trades from anywhere at any time.

Overall, Alfa Success Corp's trading platforms are well-designed, user-friendly, and offer a range of advanced features suitable for both beginner and experienced traders. See the trading platform comparison table below:

Deposits & Withdrawals

Alfa Success Corp offers limited information regarding its deposit and withdrawal methods. According to available information, the broker supports bank wire transfers and cryptocurrencies as the accepted payment methods. However, specific details about deposit and withdrawal processes, fees, and processing times are not readily available.

Traders are advised to contact Alfa Success Corp directly for more detailed information regarding their deposit and withdrawal procedures. It is important for traders to thoroughly review and understand the terms and conditions associated with deposits and withdrawals before engaging in any financial transactions with the broker.

Alfa Success Corp minimum deposit vs other brokers

Customer Service

Alfa Success Corp provides customer support exclusively through email: support@ascfm.com communication. Additionally, Alfa Success Corp openly discloses its company address: Road Town, Tortola, British Virgin Islands, which can be beneficial for those seeking to establish direct contact or verify the legitimacy of the broker. Traders should keep in mind that relying solely on email support may result in slower response times compared to brokers offering multiple channels of communication.

Note: These pros and cons are subjective and may vary depending on the individual's experience with Alfa Success Corp's customer service.

User Exposure on WikiFX

On our website, you can see that some reports of unable to withdraw. Traders are encouraged to carefully review the available information and consider the risks associated with trading on an unregulated platform. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

Conclusion

In conclusion, Alfa Success Corp is an unregulated broker with limited information available. While the company offers a range of market instruments and leverage options, the lack of regulatory oversight and transparency raises concerns about the safety and reliability of the broker. Reports of difficulties with withdrawals further highlight the potential risks involved. Traders are advised to exercise caution and thoroughly research and consider the risks before engaging with Alfa Success Corp or any unregulated broker. It is recommended to choose regulated and reputable brokers to ensure the security of funds and a reliable trading environment.

Frequently Asked Questions (FAQs)