ALPFOREX
We checked ALPFOREX against the AskCheck register. It has been reported (2022) and carries the red flags below. Treat it with extreme caution.
Why it’s flagged
What we found
ALPFOREX claims it was founded in 2019 with services to investors of all levels. However, when we checked its domain, we found it was created on 1 Mar 2021. So could it start its business in 2019? It is a red flag here. Besides. ALPFOREX shows its office address is in Bangkok, Thailand. However, Thailand does not have any authorities that issue licenses for forex trading or regulate forex activities. What's more, by downloading its official MT4 trading platform, we found this broker has another company address in Hong Kong. However, there are no match results to ALPFOREX in the Hong Kong Securities And Futures Commission(HK SFC). The truth is, ALPFOREX is not overseen by any regulators. That means investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.
Assessment source: FastBull BrokersView.
What to do next
- Stop sending money. Don’t make another deposit, pay a “tax” or “release fee”, or share remote-access to your device.
- Gather your evidence. Save statements, chat logs, transaction IDs and the wallet addresses you paid to.
- Report it to your regulator and to local police / action-fraud line so it’s on the official record.
- Add your report here so the next person searching this name is warned — report ALPFOREX.
- Verify on the register. Cross-check the full entry on the SentFunds register before you trust anyone offering to help.