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Is Al Trade Scam or Legit Broker?
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Is Al Trade Scam or Legit Broker?
No, Al Trade broker is a Non-Regulated Broker. It is NOT SAFE to trade. We checked the company and found out that there is no authorization or registration of the address, therefore the company seems to be highly suspicious and might operate its services from an absolutely different location.To get more news about alpforex review, you can visit wikifx.com official website.
What is Al Trade?
Al Trade is a forex and CFD broker based in London. The company is owned by AL Trade Inc., which is not regulated to provide financial services in the UK by the Financial Conduct Authority.
It is also not licensed by any other regulatory institutions. We recommend dealing only with reliable brokerages that are regulated and authorized to provide financial services.
For example, UK’s FCA requires 125000 EUR of capital for STP license. Also in order to get this type of license, the broker needs to have a physical office in the UK. All clients of FCA-regulated brokers are protected by the Financial Services Compensation Scheme.
Al Trade Review Conclusion
We advise all investors and traders to avoid Al trade and other unregulated brokers. Usually, such companies run investment scams. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as BDSwiss and BlackBull Markets.
The Al Trade website is no longer active. Besides, there is no evidence of whether the broker operates or not. We recommend avoiding any offshore-based brokers due to their instability and lack of serious regulations.ALPFOREX is inviting you to begin your forex journey with a 30 USD Bonus. You can study Forex trading strategies and make real money with the aid of this bonus. Simply register for an MT4 account to receive the bonus. To withdraw your gains, you must trade for a minimum of $100 USD.