Review on Alphafx24
Disclaimer
Our reviews are subjective opinions based on the analysis of our independent writers from around the world. We recommend exercising your own judgment and verifying information independently. We cannot be held liable for decisions made based on our reviews.
Summary
About Alphafx24
AlphaFX24.com positions itself as a multifaceted investment platform offering forex, binary options, CFDs, and crypto services. It claims to be operated by Alpha Trade Financials Ltd, allegedly licensed by the Cyprus Securities and Exchange Commission (CySEC) under license number 216/13, based in Cyprus. However, this claim is false: regulatory checks reveal that the company and license are not listed with CySEC, and the license referenced belongs to a different entity that surrendered it in 2018 . Reviews across multiple watchdog platforms consistently rate AlphaFX24 poorly, calling it unregulated and a scam that employs deceptive tactics, nonfunctional trading platforms, and manipulates customer withdrawals . The Forex Review gave it a dismal overall score of 1/5, citing no license, no proper trading software, and fraudulent operations . Altogether, the evidence strongly indicates AlphaFX24.com is not legitimate.
More Details
Fraudulent Legal Footing
The site claims a regulatory license from CySEC (license no. 216/13), but this is false—CySEC has no record of Alpha Trade Financials Ltd or this license. The actual license was surrendered in 2018, long before the platform appeared .
Pretend Trading
Instead of a real trading system (like MT4 or MT5), users get chart snapshots and inoperative buy/sell buttons—a facade lacking real functionality .
Targeting Vulnerable Investors
The site pushes aggressive investing through binary options and high-return promises. Once initial deposits are made, participants are likely upsold and stranded when trying to withdraw, a common scam trajectory.
Unregulated Operation
AlphaFX24 is not regulated by any financial authority despite claims otherwise. Risk indexes show zero for licensing, regulation, and risk control.
Widespread Warnings
Forex watchdogs, personal reviews sites, and broker comparison platforms all identify AlphaFX24 as potentially fraudulent. The Forex Review gave it an overall score of 1/5, warning of non-functioning platform and no safety assurances.
Withdrawal Obstruction
Reports indicate users are transferred to retention agents and face impossible conditions for withdrawal—such as paying new fees or hitting high trade volumes before funds are released
Warning: Low score, please avoid this website!
According to our review, this website has a higher risk of being a scam website.
It may attempt to steal your funds under the pretense of helping you make money.
Notice: High Score — Not likely to be a scam website.
According to our review, this website has a low risk of being a scam.
There is minimal indication of fraudulent activity.
Notice: Moderate score — Caution advised.
According to our review, this website shows a moderate risk level based on current data.
There is no strong evidence of a scam, but users should proceed carefully.
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Competiting Brands
Photos of Alphafx24
Pros
- Polished Branding: The site presents itself with confident legal language and professional design—intended to inspire trust
- Broad Investment Appeal: Offers an array of “products”—binary options, forex, CFDs, crypto—appealing to a wide investor base
Cons
- Deceptive Licensing Claim: The so-called CySEC license is unverified and invalid
- No Trading Infrastructure: Fake or non-operational trading tools indicate fraudulent setup
- Poor Industry Ratings: Bad reviews, low-risk control scores, and widespread labeling as a scam across industry watchdogs
- Withdrawal Scams: Reports show customers unable to withdraw funds without paying extra, typical of financial scams
Website Overview
Country:
US
Operating Since:
2025
Platforms:
Mobile/Desktop
Type:
Crypto/Forex
Spread:
N/A
Funding:
Crypto/Forex
Leverage:
N/A
Commission:
N/A
Instruments:
N/A
Keypoints
False Regulatory Claims: Pretends to be licensed by CySEC under a license that is invalid and unregistered
Non-Functional Trading Platform: Marketing materials show fake charts and dummy interfaces—there’s no real trading engine
alid License Found: The firm's license number isn’t in the CySEC database; the referenced license was surrendered in 2018
Unregulated & High-Risk: Review platforms and broker oversight sites (e.g., Wikibit) assign near-zero regulatory, license, and risk control scores
Overall Score
23%
Final Thoughts
After viewing and analyzing the site thoroughly by our experts and undergoing the proper process, we have reached a final conclusion.
AlphaFX24.com is overwhelmingly deceptive. False regulatory claims, lack of actual trading infrastructure, consistent warnings from industry reviewers, and reports of withheld funds all point clearly to fraudulent intent. Legitimate financial platforms offer verifiable licensing, functional trading environments, transparent policies, and a history of user feedback. AlphaFX24 offers none of these. It should be considered a scam, and engaging with it poses a high risk of financial loss. If you've already interacted, prioritize stopping all payments, preserve communications, pursue chargebacks if possible, and report the site to financial authorities in your jurisdiction.
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