Is Almahfaza the right broker for you? Will it enable you to trade safely? What are the strengths of its trading platforms? What level of protection does it offer?
To find the answers to all these questions and more, keep reading this Almahfaza review.
Almahfaza in brief
Almahfaza is a new Forex and CFD broker owned and operated by Progressive Tech Limited. This company is located in the Marshall Islands.
Depending on the type of Almahfaza trading account you choose (Micro/Mini, Mini, Standard, Gold, Platinum or Islamic), you will have access to different trading conditions, support services, trading platforms, and resources such as regular updates.
The trading conditions and protection you enjoy as an Almahfaza investor also vary according to your category (professional investor vs. private investor). For instance, as a retail trader, you will enjoy the highest level of protection. If you want to be considered a professional trader, remember that you will be afforded a lower level of protection.
(Micro/Mini, Mini, Standard, Gold, Platinum or Islamic), you will have access to different trading conditions, support services, trading platforms, and resources such as regular updates.
To be categorized as a professional trader, you need to demonstrate that you possess extensive trading knowledge and the experience to make independent investment decisions according to the risks you’re willing to take.
In terms of trading strategies, Almahfaza offers different platforms depending on the type of trading account you open. For example, the simplest and most streamlined option is the basic online trading platform.
If you need to implement automatic, or more advanced trading strategies, MetaTrader 4 (MT4) is also available for Gold and Platinum accounts. MT4 is one of the world’s most popular trading platforms and is suitable for all types of traders. It is also perfect for those who rely on technical indicators and sophisticated trading tools to invest in the markets.
As Almahfaza believes that its traders shouldn’t “go blindly into the market,” it has created a tool that allows them to use “the wisdom of the masses” before trading: WisdomHub™ Live Feed. This real-time tool flags up all the latest changes in market activity, providing alerts such as Trending, Volume Growth, Turnaround, Going Up, Market News, and Economic Event.
How to contact the Almahfaza team
The address of the registered office of Almahfaza appears on the website: Trust Company Complex, Ajektake Road, Ajeltake Island, Majuro (MH96960).
When the office is open, you have several ways to contact the Almahfaza team:
- fill out an online form in the “Contact Us” section
- send an email to the following address: support@com
- call +44 203 608 5155
- use live chat to communicate directly with a support agent
Pros and Cons of Almahfaza
|Pros (+)||Cons (-)|
|• No trading fees
• Trading on more than 300 financial assets
• Different types of trading accounts
• MT4 trading platform available
• WisdomHub™ Live Feed
• Remote assistance available with TeamViewer QuickSupport
|• Relatively new broker
• Limited number of available indices
• Only one base account currency: USD
Assets offered by Almahfaza
As a broker specializing in the Forex market, Almahfaza offers about 50 currency pairs, including all the majors and popular cross currency pairs. It also covers numerous minor and exotic ones.
Other financial markets
In addition to currencies, Almahfaza also offers its traders the opportunity to invest in other asset classes. For example, it is possible to invest in the most popular commodities, equities, ETFs and indices. In total, more than 300 financial assets are available on Almahfaza trading platforms.
Is Almahfaza right for you?
Almahfaza’s trading platform is very user-friendly and simple to navigate for all types of investors. Experienced traders may find that the basic platform lacks a few options, but that’s not a significant problem since the MT4 platform, with its wealth of advanced features, is also available for certain account types. With more than 300 underlying assets available, Almahfaza is an ideal regulated broker for those who want to include different asset classes in a diversified portfolio.
Compiling this Almahfaza review showed us that its offering focuses on the best trading services, platforms and conditions. In addition, there is no commission or fees, as Almahfaza only makes money on its spreads – the differences between buying and selling prices.
As an STP (Straight-Through-Processing) broker, Almahfaza is only the bridge between its clients’ orders and the liquidity providers it works with. Therefore, there is no conflict of interest and traders can rest assured that they’re in safe hands.