AlphaFX24 Review

About AlphaFX24

AlphaFX24 is presented as a trading platform operated by Alpha Trade Financials Ltd, a Cyprus Investment Firm claiming regulation by the Cyprus Securities and Exchange Commission under Licence Number 216/2013. The company offers Forex, CFDs, and binary options trading via web and mobile platforms with a default leverage of 1:50, with segregated client fund accounts, investor compensation fund coverage up to €20,000, and features such as fast withdrawals, trade cancellation within seconds, and a single-wallet system for multiple instruments. Minimum deposits start at USD/EUR/GBP 300, maximum first-time deposits at 1,500; withdrawals: one free per 31 days, subsequent ones incur a 30 charge; trading limits and fees for inactivity (45 EUR/month) also apply.

However, independent verification by regulatory bodies reveals that AlphaFX24 is not listed in the CySEC registry under that company or licence number. The licence number cited appears invalid or belongs to a different entity, and the Netherlands Authority for the Financial Markets (AFM) issued a warning identifying AlphaFX24 as a boiler‑room scam. These findings conflict with the broker’s claims and indicate a lack of genuine regulation.

Pros and cons

Pros

• Claims to offer a broad range of instruments (Forex, CFDs, binary options), mobile and web platform, fast withdrawals (< 24 h), segregated accounts, investor compensation scheme up to €20,000.

Cons

• No verified regulation: not present in CySEC registry; licence appears invalid.
• Blacklisted by AFM as a boiler‑room scam.
• Reports from multiple reviewer sources categorize it as scam, unreliable, with high risk to client funds.