ALFA CAPITAL MARKETS LTD Review

About ALFA CAPITAL MARKETS LTD

Alfa Capital Markets Ltd is listed by the Cyprus Securities and Exchange Commission (CySEC) as a Cyprus investment firm with licence number 387/20, granted on 16 July 2020. The CySEC register lists the company at 3 Themistocles Dervis Street, Julia House, 4th Floor, 1066 Nicosia, Cyprus, and identifies www.alfacapital.com.cy as its approved domain. The register includes order reception and transmission, order execution, dealing on own account, underwriting and placement services for financial instruments.

The website at alfacapitalmarketsltd.net presents trading in currency pairs, shares, global indices, cryptocurrencies and commodities. It states that it offers more than 30 currency pairs, spreads starting from 0.0 pips, leverage of up to 1:100, and gold trading with a fixed 0.5-pip spread and zero commission. The same website displays account tiers including Exclusive with a stated minimum deposit of €1,000,000, Standard with €10,000, and Elite with €500,000.

CySEC published a board decision dated 1 September 2023 and announced on 13 September 2023 concerning Alfa Capital Markets Ltd. The decision states that the influence exercised by Alfa-Bank JSC, identified as the company’s direct and sole shareholder, was prejudicial to the sound and prudent management of the investment firm; CySEC ordered the suspension of the voting rights attached to those shares, with the measure taking effect after six months. The regulatory decision does not identify alfacapitalmarketsltd.net as the company’s approved domain; the CySEC register identifies www.alfacapital.com.cy.

Pros and cons

Pros

• CySEC licence number 387/20 is recorded in the regulator’s investment-firm register.
• The website states that it offers forex, shares, indices, cryptocurrencies and commodities.
• The website states maximum leverage of up to 1:100 and spreads starting from 0.0 pips.

Cons

• The trading domain alfacapitalmarketsltd.net is different from the www.alfacapital.com.cy domain listed by CySEC as approved.
• CySEC’s 1 September 2023 board decision concerned the effect of Alfa-Bank JSC’s influence on the firm’s sound and prudent management and suspended the voting rights attached to Alfa-Bank JSC’s shares.
• The stated minimum deposits shown on the website include €10,000 for the Standard account, €500,000 for the Elite account and €1,000,000 for the Exclusive account.