BrokersView has reviewed that ALPFOREX is an Unregulated Forex Broker ALPFOREX claims it was founded in 2019 with services to investors of all levels. However, when we checked its domain, we found it was created on 1 Mar 2021. So could it start its business in 2019? It is a red flag here. Besides. ALPFOREX shows its office address is in Bangkok, Thailand. However, Thailand does not have any authorities that issue licenses for forex trading or regulate forex activities. What's more, by downloading its official MT4 trading platform, we found this broker has another company address in Hong Kong. However, there are no match results to ALPFOREX in the Hong Kong Securities And Futures Commission(HK SFC). The truth is, ALPFOREX is not overseen by any regulators. That means investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.