Almahfaza review

Almahfaza is a new CFD broker operated by Progressive Tech Limited. Its professional and robust platforms power trading on more than 300 financial assets, including Forex, commodities, indices, stocks, and ETFs.

Gold and Platinum accounts include access to the well-known MT4 trading platform, which supports more advanced and automated trading strategies. However, Almahfaza also offers a simpler and more intuitive web and mobile-based trading platform with its other 4 account types.

Its proprietary trading platform incorporates all the trading and charting tools technical analysts need to analyze and anticipate the price action of any instruments available: horizontal/vertical lines, parallel lines, rectangles, Fibonacci retracements and fans, arrows, Bollinger Bands, RSI, Stochastic, Moving Averages, ADX, CCI, DMI, Elliott Wave, etc.

Almahfaza also helps its traders to develop better trading strategies through its own technology that analyzes “the wisdom of the masses” by displaying real-time aggregated data to its trading community. This technology, called the WisdomHub™, is built around a live feed showing, for instance, higher-than-usual volatility/volume, the buying or selling trend of an asset, major events on the economic calendar and more.

How secure are your funds with Almahfaza?

One Almahfaza’s priorities is to protect the money it receives from its clients. It starts by working only with top-tier banks to be sure clients’ funds are secure at all times. In addition, this broker always keeps its traders’ money in segregated accounts.

Segregated accounts at top-tier banks means that a broker cannot use your money for any business expenses or if it goes bankrupt. In fact, a segregated account means that you, as an individual trader, have an account within the company, which is separate from the company’s money. As your funds are in a segregated account, it means that you’re the only one who has control over your money.

How does Almahfaza reduce conflict of interest?

A conflict of interest usually arises between a private trader and their broker when the latter is the principal of their trading positions. Indeed, when the trader loses money, the broker makes money, which can sometimes result in complex (and unfair) situations. Most importantly, conflicts of interest can jeopardize the traders’ financial security and prevent them achieving their objectives.

To Almahfaza, traders’ success is paramount. For that reason, this broker acts only as an intermediary between its clients’ trading orders and the liquidity providers it works with. Almahfaza is what’s called an STP broker – a Straight Through Processing broker – which ensures that there are no such conflicts of interest.

Almahfaza only makes money on the spread (the difference between the buying and the selling price) charged on every financial asset, which means that traders’ success is an essential part of Almahfaza’s success. The more its clients trade, the more an STP broker earns.

Get in touch with the Almahfaza team

Writing this Almahfaza review showed us that what matters most to this broker is its clients’ trading success. This broker focuses on providing the best and most professional experience to its traders through reliable, professional, intuitive and user-friendly platforms and support.

If you have any questions about how to open an account, how to get the best out of Almahfaza’s services or how trading works, there are several ways you can contact the support team.

One of the easiest is to send an email at support@almahfaza.com. But you can also call the team on +44 203 608 5155. In addition, you can use the broker’s live chat facility or fill out a contact form on the website.