ALLIANCE FX Review

About ALLIANCE FX

Alliance FX (operating via alliancefx.net and associated with Alliance FX Limited) promotes itself as a UK-based foreign exchange specialist, stating that client funds are safeguarded by its FCA‑regulated e‑money partners (e.g. Currency Cloud, FCA firm no 900199), with claims of 24+ years industry experience, an online platform for spot and market order FX trades, same‑day settlements, and batch payments for businesses (). However, the UK Financial Conduct Authority has issued a warning that Alliance Fx Limited (operating via alliancefxltd.com) is unauthorised, noting the entity is not associated with any genuine FCA‑regulated firm and that customers would not have access to the Financial Ombudsman Service or FSCS protection (). Reviews and public registers confirm that Alliance FX is unregulated, lacks segregation of client funds, offers no listed leverage, spreads, account types, demo accounts, or compensation scheme, and presents significant safety concerns ().

Who it’s for

• Entities seeking international currency exchange services without regulated oversight—namely businesses requiring batch payments or spot FX without trading protections.
• Users comfortable with unregulated FX providers lacking consumer protections, FSCS coverage, and formal dispute resolution.

Pros and cons

Pros

• Claims of fund safeguarding via FCA‑regulated e‑money institution (Currency Cloud, FCA no 900199) ().
• Offers spot trades, market orders, same‑day settlement, batch payments, and an online FX platform with 24/7 access ().

Cons

• Not authorised by the FCA to provide financial services; explicitly warned as unauthorised by FCA ().
• Unregulated; no client fund protection (FSCS), no segregation of funds, no negative balance protection, no leverage, spreads, or account details disclosed ().
• Lacks transparency on key trading terms; potential risk of financial loss due to absence of regulation and oversight ().