The company is owned by ALPFX Company Limited. With an alleged address in Thailand, the company operates since 2021. However, all this information is speculative considering their licensing status.
To find out if you can trust this broker or not, read this Alpforex review carefully. But don’t skip also the latest updates on the Global Base review. There’s much more to come.
Alpforex broker claims not to operate in Europe, Australia or America. Yet, it would be good if they had any trusted licenses like FCA, BaFin or ASIC. Yet, none of these registers holds records of this broker.
On top of all, all the documents are written in the Thai language. Even if you want to do in-depth research, it’s not possible. In any case, the company doesn’t present any license details on its website.
The company promotes investment services most likely on social networks. Yet, not on the conventional ones, but on those that their targeted countries are using. However, their offer is quite poor and non-transparent. Which makes this broker a lot more suspicious.
On top of that, the literacy of the ones that were creating their website tells you more about them. To avoid similar scam schemes, you should stick to regulated brokers. In case you already threw money away with some shady broker, our expert team is available for refund consultations.
Surprisingly, there are no reviews about this broker. Most likely because they are targeting Asians. Sadly, Alpforex login options are not available for restricted countries. As a matter of fact, since 2021 they were mainly scamming traders from:
It’s not the end of the world if you were an alpforex.com victim. But it is if you don’t do anything about it. There are ways to get your money back. Contact us to find out more.
The company promotes well-known Meta Trader 4 software. However, without the ability to register with them, we are unable to check it. In any case, without regulations, the software becomes completely irrelevant.
Generally speaking, Meta Trader 4 software has dedicated mobile apps. Therefore, all iOS and Android users can enjoy its features on the go. Even though there’s a download option it doesn’t mean you can use this software.
Another key fact about this scam broker is their instruments offer. The company only offers 2 instrument classes. Those are:
If you think that having more assets makes a broker reliable, check our Malfex review.
With Alpforex broker you can only choose between two account types. Thus, you don’t know which one is worse. In any case, you can forget about Alpforex withdrawal considering these conditions. Those are:
Sadly, there’s no demo account available. Even though it’s a standard package for MT4 users. This tells us that most likely they offer some shady web-based software.
Here comes another proof about missing Alpforex regulation. The company offers an insanely high leverage of 1:1000. Have in mind that most trusted regulators limit that due to extreme risks. On top of all, the company doesn’t have negative balance protection. Therefore, the Alpforex platform can only get you into debt.
Above all, trading costs are shamelessly high. Spreads are starting from 0 pips for the ECN account, but the commission is a rip-off for $10. However, withdrawal and other fees are not revealed.
Yes, the company promotes a $30 Alpforex welcome bonus. Thus, there’s a withdrawal clause that prevents you from withdrawing any money from your account. In general, something that all the scam brokers are using as the trick. To learn other tricks that brokers are using you can see our IKOFX review.
Without transparent access to the Alpforex MT4 platform and missing regulations, withdrawals are science fiction. On top of that, Alpforex fees are not transparent which leaves enough room for manipulation with clients. Practically, everything is perfectly designed around their scheme to work for them. Not you!
If they are indeed a Thailand company you can report them to the local authorities. Thus, the report won’t get you your money back. Instead, you can book a free first consultation with our experts to find your options.
Some of those, like chargeback, might be very quick and easy. But only with professional assistance. Most importantly, you don’t have obligation
No. The company is not regulated and they operate without transparent trading conditions.
According to the company, the available software is Meta Trader 4. However, many continents and countries are restricted and unable to test it out.
Allegedly, yes. However, without a transparent demo account, it’s impossible to check.
The company claims that withdrawals are without any fees. But if you get request to pay any fees contact our specialized team immediately to help you with withdrawal.
The post Alpforex Review – Top 5 Main Reasons To Avoid This Asian Broker appeared first on Global Fraud Protection.
