ALFX

According to the latest broker data, ALFX is not regulated by any major financial authority and has a low WikiFX composite score of 2.06. Its operational history is only 1–2 years, and it is registered in Saint Lucia. These factors indicate that its safety and reliability are not assured by regulatory oversight.

No, ALFX is not regulated by any known financial regulatory body. Its regulatory status is listed as 'Not Regulated'.

The minimum deposit for ALFX is $15, as indicated by the entry condition for all account types.

ALFX supports MT5 (one full license detected) but does not support MT4.

Pros: High leverage up to 1:2000, spreads from 1.8 pips, support for MT5, scalping, and EA trading. Cons: Not regulated, low WikiFX score (2.06), short operating history (1–2 years), and no regulatory protection.

No user complaints have been recorded on WikiFX. Only one positive user review is present in the latest data.

The broker’s business scope is listed as 'Global Business', but its specific availability in the US is not publicly disclosed. Additionally, the lack of regulation may restrict access for US residents.

While ALFX offers a low minimum deposit of $15 and high leverage, it is not regulated and has a low overall score. Beginners should be cautious due to the absence of regulatory oversight and potential high risk.

Spreads start from 1.8 pips across all account types, which is considered moderate. No other fees, such as commissions or withdrawal charges, are publicly specified in the latest data.

ALFX offers maximum leverage of 1:2000, which is very high. Such leverage significantly amplifies both potential gains and losses, making the risk level high.

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