BrokersView has Reviewed that Alfa Financial is an Unregulated Broker Alfa Financial claims to be regulated by SCA. We searched the SCA and found a matching result, but it doesn't get forex license and can't do forex activities. It's a redflag. The truth is that Alfa Financial is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.