BrokersView has found that ALFX Ltd appears to be a scam ALFX does not claim to be licensed by any regulator; it only claims to be registered in Saint Lucia. While we can confirm that there is a company with the same name in the Saint Lucia International Financial Centre (IFC) registry, this registration only grants it International Business Company (IBC) status. This does not constitute a valid financial licence. The IFC neither regulates nor licences forex trading activities. Being unregulated is a major red flag for a fraudulent operation. Therefore, ALFX Ltd appears to be a scam.

Does ALFX offer a swap-free account? Dear Investor, We do not recommend trading with ALFX platform due to its complete lack of valid financial regulation. ALFX claims to be registered in Saint Lucia, our verification confirms that this registration only grants it International Business Company (IBC) status within the Saint Lucia International Financial Centre (IFC). However, the IFC registry does not regulate or license forex trading activities; therefore, this corporate registration does not constitute a legitimate financial license to offer brokerage services. The absence of any credible regulatory oversight is a major red flag and a common characteristic of fraudulent operations. Trading with such an unregulated entity leaves your capital completely unprotected and exposes you to a high risk of financial loss. Given these findings, ALFX Ltd appears to be operating as a scam. We urge you to avoid trading with this platform and to instead choose a broker that is fully licensed and supervised by a reputable financial authority. View Source