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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