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Alainfx

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Operating status: SCAM

Website: http://www.alainfx.com

Broker violations and abnormal records
  • 2021-06-30 BrokersView has reviewed that Alainfx is an unregulated forex broker
    Alainfx claims to be registered with SVG FSA under the registered number of 25672 as an International FOREX broker, but currently there is no information about this company could be found when we checked on SVG FSA. That means investors' funds in this broker is unsafe and cannot be protected by any ...
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Q&A

How many deposits should I make when opening a new account?

Md Abul Kasem
Cambodia
2023-03-17
ANSWER Alainfx is a non-regulated trading platform even though it states offers that look too good to be true.Alainfx claims to be operated by Alains Market Solutions Limited. This broker's website does not display any regulatory information, a distinct characteristic of unlicensed brokers. As we know, legit brokers always present their accreditation and licenses in a prominent position. Regarding your question, given Alainfx's unsupervised operations, we would suggest you not trade with this dishonest broker. Because letting this broker control and hold your money or trading with it is very risky. There are no safeguards in place to protect your funds on this platform. Therefore, we would suggest investors stay away from unlicensed brokers like Alainfx and trade with fully regulated brokers.
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What are the differences between Basic , Economic and Classic accounts ?

Tiago
Finland
2022-06-08
ANSWER Alainfx is not a licensed or regulated broker even though it states offers that look good to be true. Alainfx claims to be registered as an International forex broker in Saint Vincent and the Grenadines Financial Services Authority (SVG FSA) under registration number: 25672BC. However, we did not find any match results to Alainfx in SVG FSA. Besides, SVG FSA does neither issue licenses for forex trading nor regulate brokers offering forex activities. The truth is, Alainfx is not overseen by any regulators. That means investors' funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like Alainfx and trade with licensed brokers.
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Overall Score

3.3
2 Reviews

Cost 4.0

Platforms 3.3

Deposit & Withdrawal 4.0

Customer Support 2.7

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2 Reviews

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Collins Echefu

2021-12-29
SCAM. Tried to withdraw my $684 several times but have not got any reaction from their side. Online chat is always offline. Emails ingnored, never got any rely. No license number, no regulation
Bulgaria
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Papasmurf

2022-06-02
Alain Fx is a scam broker, its running by Agies. They haven't paid any withdrawal to last few months.
India
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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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