Founded in 2010, AlfaTrade is a Forex broker owned by Nemesis Capital Limited.
Their office is located at Stoney Ground , Kingstown Saint Vincent and the Grenadines.
The support phone number is +973 1 619 6823 – +81 064 560 4463 and their support email is firstname.lastname@example.org.
- Not regulated by any authority
- Lot of complaints on the internet
- Poor support service
They offers about 200 assets in all categories of Currency, Commodities, Shares, Market Indexes to their traders. You have the possibility of trading with MetaTrader 4 and their own Web Platform.
The minimum deposit is $200 for standard account.
Their platform is available for iOS & Android mobile apps.
What we look for when checking Forex brokers to determine if they are legit or scam is very simple. Are they licensed by a serious regulation body such as the Cyprus Securities and Exchange Commission (CySEC) ?
After a full check of AlfaTrade in March 2017, we can confirm that they are not licensed or regulated by any authority .
As an unregulated brokers, AlfaTrade are not required to abide by any rules that would provide traders with security and peace of mind. Also, it appears that their website is somewhat incomplete and lacks some information.
When you pick a Forex broker it is always important to check their regulation status in order to find a valid licence. Otherwise, you better stay away from it.
ScamForex experts are committed to providing you with the best trading advises. If you are looking for a safe and regulated brokers, ScamForex recommends that you try one of our top brokers below.