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A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.
| Factor | Score | Weight |
|---|---|---|
| Regulation & licensing | 68 | 35% |
| Company age | 22 | 15% |
| Clone / impersonation | 0 | 12% |
| Withdrawal & exposure complaints | 0 | 12% |
| Offshore registration | 10 | 8% |
| Transparency (site/info/social) | 22 | 10% |
Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.
| Regulator | License type | License No. | Region | Status |
|---|---|---|---|---|
| CYSEC | Market Making (MM) | 025/04 | Cyprus | — |
| CBR | Forex Trading License (EP) | 045-14070-020000 | Russia | — |
There aren’t enough independent reviews for AlfaForex yet to draw firm conclusions. The lack of public feedback is itself a caution sign for a smaller or newer broker.
0Active across 1 markets (by market presence). Licensing rarely covers all of them — where it isn’t locally licensed, you’re onboarded under an offshore entity with weaker protection.
Market presence: WikiFX SkyEye · complaints: our records · licensing: official registers. Where you’re accepted is set by the broker’s own terms — always confirm before depositing.
AlfaForex is a forex and CFD broker based in Cyprus, with records dating to 2019-05-07. It reports oversight from CBR, CYSEC.
FXCanary’s verdict is “Guarded.” There are enough red flags that we’d urge caution before depositing.
On Trustpilot, AlfaForex holds a real-user score of 0.0/5.
Overview compiled by FXCanary from regulatory records and public data. full AlfaForex review
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