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/10

Alfa Capital

Cyprus Cyprus | 5-10 years |
Questionable Regulatory License | Suspicious Operational Region | High Potential Risk

https://alfacapital24.com/eu/

Website

Rating Index

Contact

46812400401
https://alfacapital24.com/eu/
3, Themistocles Dervis Street, Julia House, 4th Floor, 1066 Nicosia, Cyprus

license Forex License

risk

No forex trading license found. Please be aware of the risks.

Warning: Low score, please stay away!
  • This broker lacks valid forex regulation. Please be aware of the risk!
3

Basic Information

Registered Region
Cyprus
Operating Period
5-10 years
Company Name
Alfa Capital Markets Ltd
Email
info@alfacapital24.com
Contact Number
46812400401
Verified Site
About Us
Disclosure
Wiki Q&A
Comment

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Official Website

Verified Site

  • alfacapital24.com
    162.250.122.147
    Server Location
    United States United States
    ICP Registration No.
    --
    Top Visitor Locations
    --
    Creation Date
    --
    Website Name
    --
    Company
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Company Profile

Company Profile

Review summary

General Information

Alfa Capital claims to be an online trading and investment firm. However, investigations have revealed several warning signs that align with the tactics commonly used by dishonest brokers. Alfa Capital seems to engage in deceptive practices by making untrue promises and enticing traders to deposit money, only to misuse those funds. The Alfa Capital website has a professional appearance at first glance, with sections detailing their alleged services, account types, platforms, and instruments offered. However, a closer look reveals vagueness, inconsistencies, and fabricated information. Currently, when you try to access its official website, all you see is a prominent “404” error message on the homepage, indicating that the page is not found.

basic-info

Regulation

This Alfa Capital seems fake for a few clear reasons:

First, the website's domain is https://alfacapital24.com/eu/, but when we checked with CYSEC, the official authority, they only approved www.alfacapital.com.cy as the legitimate domain for Alfa Capital Markets Ltd.

Second, the provided phone number (46812400401) and email address (info@alfacapital24.com) don't match the contact information that the real Alfa Capital uses, according to our investigation.

Lastly, many online users have been reporting that this Alfa Capital appears to be a fraudulent operation.

safe-or-not

Additionally, this license also shows that the CYSEC license claimed by Alfa Capital is a suspicious clone.

safe-or-not

Products & Services

Alfa Capital advertises that it offers a wide selection of products and services, including transferable securities, money-market instruments, options, futures, derivative instruments, CFDs, as well as investment services, ancillary services and other services such as spot trading (forex, precious metals), prepayment deal transactions, granting of loans and dealing in credit risk investments.

products

Leverage

Alfa Capital exaggerates highly leveraged trading up to 1:1000 leverage on forex and 1:100 leverage on other assets. But these advertised leverages are unrealistic and unavailable in practice based on user reports.

Customer Support

Alfa Capitals customer support can be reached by telephone: +357 22 470900, Fax: +357 22 681505, email: info@alfacapital.com.cy or send messages online to get in touch. Besides, you can also follow this broker on some social media platforms such as LinkedIn. Company address: 3 Themistocles Dervis Street, Julia house, 4th floor, CY, Nicosia, Nicosia, 1066.

Contact Info Details
Phone +357 22 470900
Fax +357 22 681505
Email info@alfacapital.com.cy
Social Media Linkedin
Company Address 3 Themistocles Dervis Street, Julia house, 4th floor, CY, Nicosia, Nicosia, 1066

Conclusion

To sum it up, Alfa Capital may appear to be a genuine online brokerage at first glance, but a closer examination of its services reveals that many of them are fake and meant to deceive traders into depositing money. This phony and unregulated entity then misuses these funds. It's crucial for investors to avoid platforms like these that make unbelievable promises and instead opt for brokers with proper licenses and transparent operations. To protect yourself from scams pretending to be legitimate trading services, exercise caution and conduct thorough research to prevent significant financial losses.

FAQs

Q: Is Alfa Capital properly licensed and regulated?

A: Alfa Capital claims to be licensed by CySEC but there are no records of them in CySEC's public register. They appear to be operating without proper regulation.

Q: Does Alfa Capital segregate client funds?

A: Alfa Capital vaguely claims client funds are “safeguarded” but there are no specific details on segregated accounts in reputable banks.

Q: How responsive is Alfa Capital's customer support?

A: Alfa Capital's support team is unresponsive or provides canned template responses. Users report great difficulty reaching knowledgeable representatives.

Q: Are there any trading restrictions?

A: Alfa Capital imposes arbitrary limits on profitable trading and withdrawals. Users cannot trade or withdraw funds freely.

Q:What account security does Alfa Capital provide?

A: Alfa Capital makes vague claims about account safety but users report accounts being hacked and money stolen with no compensation.

Company Profile

  • 5-10 years
  • Questionable Regulatory License
  • Suspicious Operational Region
  • High Potential Risk

Wiki Q&A

How safe is trading with Alfa Capital?

Alfa Capital is a high-risk, unregulated entity. The broker's primary claim to a Market Making License (No. 387/20) from CySEC is listed as 'Unverified', meaning its regulatory status cannot be confirmed. This lack of credible oversight, combined with a WikiFX safety score of 1.51 out of 10, places it in a severe risk warning category.

04-02
United States

Which regulator oversees Alfa Capital?

Alfa Capital Markets Ltd holds a Market Making License (No. 387/20) from the Cyprus Securities and Exchange Commission (CySEC). However, the status of this license is currently 'Unverified', indicating that the firm's active regulatory compliance and oversight cannot be confirmed at this time.

04-02
United States

When was Alfa Capital established?

The firm Alfa Capital Markets Ltd has been operational for between five and ten years.

04-02
United States

How is the WikiFX Score calculated?

WikiFX ratings are calculated based on a multi-dimensional data model, mainly including five dimensions: regulatory index, license index, business index, risk control index, and software index. The rating adopts a range system (0-10 points). The higher the score, the higher the broker's overall performance level. In addition, ratings are dynamically updated according to regulatory changes, complaint handling results, and historical data performance, making the rating more objective and timely. You can check the scores of each dimension and their trends on the WikiFX platform to evaluate the broker's actual situation more comprehensively.

04-02
United States

What are the most common and reputable forex regulatory authorities?

Common forex regulatory authorities include the Financial Conduct Authority (FCA) in the United Kingdom, the Australian Securities and Investments Commission (ASIC), the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) in the United States, the Cyprus Securities and Exchange Commission (CySEC), and the Monetary Authority of Singapore (MAS). These regulatory authorities usually maintain relatively high regulatory standards, and brokers regulated by them generally have higher compliance levels. You can check broker ranking lists under different regulators on the WikiFX platform, such as brokers regulated by FCA, ASIC, and CySEC, so as to compare brokers under different regulatory backgrounds more clearly and make safer choices.

04-02
United States

How should I compare different forex brokers to find the best one?

To compare different brokers, investors can make comprehensive judgments from multiple dimensions such as regulatory qualifications, overall ratings, trading environment, account conditions, and user feedback. In general, priority should be given to regulatory status and license information, followed by WikiFX ratings and various indexes (such as risk control, software, and business indexes). At the same time, trading conditions (such as spreads and execution speed) and account information (such as minimum deposit and account types) should also be compared. In addition, user reviews, exposure records, and risk assessment information can also be considered to evaluate broker safety and trading experience from multiple aspects. The WikiFX platform also provides multi-dimensional broker comparison tools. Users can select different brokers for visual comparison and comprehensive analysis, so as to make decisions more efficiently.

04-02
United States

What is a clone broker website?

A cloned broker website refers to a fraudulent website that imitates the information of a legitimate broker. Such websites usually copy the real company's brand name, page design, and even regulatory information to mislead investors into making deposits. Common features include: a domain name highly similar to the official website (such as slight spelling differences), abnormal or unverifiable contact information, and promises of unusually high returns. Once funds enter such platforms, they are usually difficult to recover. Investors can identify potential risks by checking the official domain name, verifying regulatory information, and using WikiFX for cross-verification.

04-02
United States

How can I identify a scam or fraudulent forex broker?

A broker can be evaluated as a potential scam platform by considering multiple factors such as regulatory qualifications, user complaints, fund security, and platform data. In general, brokers without valid regulation, those that frequently have withdrawal problems, those with a large number of user complaints, or those providing false information usually carry higher risks. You can check the broker's regulatory status, overall rating, exposure records, and user reviews on the WikiFX platform, and make judgments based on multi-dimensional data to effectively identify and avoid scam platform risks.

04-02
United States
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