WikiFX

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As someone who has been trading forex independently for years and has seen the spectrum of broker reliability, I view Alfa Capital with considerable caution. First and foremost, both of Alfa Capital's key regulatory licenses—CySEC from Cyprus and FCA from the United Kingdom—have been revoked. In my experience, active, reputable regulation is essential for any broker because it sets standards for transparency and client protection. A revoked license is a substantial red flag for me; it suggests a broker no longer meets those regulatory requirements, and the reasons behind such revocations rarely bode well for the safety of client funds. Additionally, Alfa Capital’s offerings appear quite limited compared to the broader market. It restricts access for U.S. clients, and there’s insufficient publicly available detail on critical trading conditions, such as leverage, spreads, or minimum deposit requirements. When I come across brokers that withhold this kind of information, I question why it isn’t transparent—usually, reputable platforms provide these details upfront to build trust. Perhaps most concerning, the WikiFX entry warns of high potential risk, including suspicious scope of business. For me, uncertainty around a broker’s business practices makes it almost impossible to gauge what recourse, if any, would be available if issues arose. In short, Alfa Capital’s lack of valid regulation, limited transparency, and multiple warnings suggest a level of risk that I find unacceptable for my own trading, especially when safer, regulated alternatives exist.