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Alma Forex and Its Easy Entry Requirements

May 17, 2009 (Last updated on June 7, 2015) by

Latest Forex broker that got listed on my site is Alma Forex — a really easy entry-level broker that supports MT4 trading platform and cent accounts. I call it an entry-level broker because even those who believe that Forex isn’t something easily accessible can try it out by spending only several minutes and bucks. That’s a plus for the newbie traders but usually not enough for the serious professional traders. Other highlights of this broker:

  • Up to 1:500 leverage.
  • Liberty Reserve, WebMoney and AlertPay e-currency payments.
  • 1 pip spread for trading accounts bigger than $100.
  • Microtrading from 0.001 standard lot.
  • Muslim-friendly accounts.

If you have any questions or comments regarding Alma Forex broker, please, feel free to reply below.

Update: I’ve forgotten to mention that they prohibit trading with EAs, thus making their MT4 platform quite useless to many traders.

4 Responses to “Alma Forex and Its Easy Entry Requirements”

  1. netsuke

    Alma charged 5% to transfer funds into account and 5% to transfer funds out. Rip Off

    Reply

  2. netsuke

    Alma fails to disclose its fee for deposits and withdrawals on its site. Also, their quotes on live account are 30-50 bp under the market quotes. Their executions are slow and add at least one pip in many cases.

    Reply

  3. netsuke

    Alma is not registered with the NFA:
    As part of the reauthorization of the Commodity Futures Trading Commission (CFTC) in May 2008, Congress amended the Commodity Exchange Act to require forex solicitors, account managers and pool operators to register with the CFTC as Introducing Brokers (IBs), Commodity Trading Advisors (CTAs) or Commodity Pool Operators (CPOs) and become Members of National Futures Association.
    Although the CFTC has not completed writing the registration requirements (and, therefore, has not set a date by which registration must be completed), National Futures Association (NFA) has prepared this brief summary of the current proposed forex registration requirements to give firm and individual applicants a basic understanding of the registration process.

    All firms registering as an Introducing Broker, Commodity Trading Advisor or Commodity Pool Operator must meet the following requirements:
    Completed Online Registration Forms:
    Applicants must file a completed 7-R form through NFA’s Online Registration System (ORS). NFA has published an ORS Users Guide and a tutorial on its Web site that provide step-by-step instruction for the most common registration tasks.

    Reply

  4. Jason

    I’ve been trading for three weeks with almaforex (or alma forex?). One withdrawal($250) Support is fast enough, replied in 20 min. But problem for me they don’t support expert advisors
    Jason,

    Reply

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