Exchage currency at the market rate

Exchange
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Alfa Forex
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Advantages

Advantageous rate - the interbank rate is significantly lower than standard rates offered by exchange offices.

As many as 6 currencies and 15 combinations of currency pairs - exchange currency the way you find the most convenient any time you wish.

Instant exchange - it takes not more than 2-3 minutes to exchange currency online.

Exchange money in Alfa-Forex online staying at your appartment or office. Secure your savings.

No need to exchange all funds before your vacation - you may buy additional dollars or euros right on the beach.

Our service is available when you need it. Advantageous exchange 24/7.

Where I need to exchange currency

How to exchange currency

On the website
Via app
Registration
Registration

Register at alfaforex.com and access the Personal area.

Verification
Verification

To verify your personal area you need to upload:

  • a document confirming your identity
  • a document confirming your place of residence
Open a personal account
Open a personal account

Go to "Accounts"→"Personal accounts" and create an in the currencies you are going to convert. For example, to buy dollars create a USD and a ruble account.

Deposit currency to an account nominated in the same currency
Deposit currency to an account nominated in the same currency

Deposit the currency you are going to exchange.

Exchange
Exchange

Go to "Payments""Money conversion" and request the relevant interbank rate. Exchange at this rate.

Account for withdrawal
Account for withdrawal

Go to "Customer accounts"→"Bank accounts" and add an account for currency withdrawal.

Money withdrawal
Money withdrawal

Go to "Payments"→"Withdrawal" and send money to a bank card or a bank account

How to exchange currency
How to exchange currency

Create accounts in 2 currencies (1) on the home screen in the "Personal accounts" section (2)

Exchange
Exchange

Go to the Exchange calculator (1). Choose a Personal account the money will be withdrawn from (2) and an account the currency will be deposited to.

Money withdrawal
Money withdrawal

Go to the "Withdrawal" section on the main screen. Choose a Personal account the money will be withdrawn from (2) and a bank account the converted money will be deposited to (3).

F.A.Q.

How much do I save with the exchange?

Usually, at street exchange offices the difference between buying and selling is over 1 ruble (50 kopecks to convert one way) if we talk about ruble/dollar exchange.

If you exchange at a bank, the difference is not less than 40-50 copecks (20-25 kopecks to convert one way). On weekdays, when the Russian stock exchange is operational, the difference between buying and selling in Alfa-Forex is no more than 22 copecks. If you convert funds one way, you will not spend more than 12 copecks (2 copecks of the market spread and 10 copecks of the fixed commission charged by Alfa-Forex). Thus, you save from 8 to 38 copecks per dollar converting with us.

What commission do you charge?

The company charges 10 copecks per one dollar/one euro if you sell and buy dollars for rubles or sell and buy euros for rubles. If you sell and buy dollars for euros, you pay EUR 0.002 (0.2 euro cents) per every euro.The commission is added to the market spread between buying and selling. If you exchange on weekdays, when the Russian stock exchange is open, you usually do not pay more than 12 copecks per dollar or 13 copecks per euro.

What currency can I exchange?

You can exchange rubles, dollars, euros, pounds, Swiss francs and yens in any directions.

Can I exchange currency any time?

You can exchange currency any time you want but please note that on the weekend the commission increases from 10 to 50 copecks if you exchange rubles for euro/dollars or euro/dollars for rubles. If you exchange euros for dollars or dollars for euros, the commission will increase from EUR 0.002 to EUR 0.01. You should also keep in mind that we add the fixed fee to the market spread, which rises after the Russian stock closes.   

Why is the exchange service so cheap?

Alfa-Bank is the primary liquidity provider for Alfa-Forex. It carries out currency operations with the largest interbank foreign exchange market participants. The liquidity, provided by Alfa-Bank, coupled with the stock market liquidity, allows offering the best quotes to clients. We make profits not because our services cost a lot but because we have a high turnover. That is why we have low commissions.    

How often does the rate change?

Despite the commission you pay for currency exchange is fixed, it is added to the relevant market rate. As a rule, the rate changes every second or several times per second. Ruble quotes can remain unchanged for long when the Russian stock market is closed. On the weekend the trading session is closed as well, that is why all quotes will remain unchanged until 20:00 GMT on Sunday.

What rate did you set for today?

The company does not set the rate for the whole day. The exchange rate will change as soon as the relevant Forex market price changes.

The rate at a street exchange office is better. Why do I need you?

You may find a more favorable buy/sell rate at a bank or an exchange office. It happens because they can set the rate for a particular time, while the rate in Alfa-Forex changes with market quotes. It is not necessarily right that the rate remains more advantageous when you get there and start exchanging money. 

At what Alfa-Forex offices can I exchange currency?

Alfa-Forex does not have client offices. We work only with non-cash payments. To exchange money at a favorable rate, you will need to be a customer of Alfa-forex and send funds via a bank card or use a SWIFT transfer. 

For questions
+ 357 22 470 969

Risk Warning: Trading CFDs and other speculative products, such as rolling spot forex, is risky and can result in the loss of your entire invested capital. Trading in such complex products might not be appropriate or suitable for you. In any case, please ensure that you understand the risks involved and do not invest more than you can afford to lose. Read full Risk Warning of Alfa-Forex here.

Risk Warning: Trading CFDs and other speculative products, such as rolling spot forex, is risky and can result in the loss of your entire invested capital. Trading in such complex products might not be appropriate or suitable for you. In any case, please ensure that you understand the risks involved and do not invest more than you can afford to lose. Read full Risk Warning of Alfa-Forex here.

Risk Warning: Trading CFDs and other speculative products, such as rolling spot forex, is risky and can result in the loss of your entire invested capital. Read full Risk Warning of Alfa-Forex here.