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ALPHAFXPRIME

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Risk Level - High

Scam Evidence & Warnings

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The MFSA Marked ALPHAFXPRIME as a Clone Firm The MFSA has become aware of ALPHAFXPRIME(https://www.alphafxprime.com), which is claiming to be the trading name of an MFSA licensed company, Alpha FX Europe Limited, but the authority would like to inform the public that ALPHAFXPRIME is NOT a Maltese registered company NOR is it authorised to provide any financial services in or from Malta. Additionally, ALPHAFXPRIME has NO association with Alpha FX Europe Limited. The ALPHAFXPRIME is a clone of the legitimate entity. You may visit: https://www.mfsa.mt/news-item/mfsa-warning-alphafxprime-clone/

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The CONSOB Blacklisted ALPHAFXPRIME as a Scam On 4 July 2022, Italy Commissione Nazionale per le Società e la Borsa (CONSOB) issued a warning that ALPHAFXPRIME is offering financial services without the proper authorization. You may visit: https://www.consob.it/web/consob-and-its-activities/warnings?viewId=ultime_com_tutela

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BrokersView has reviewed that ALPHAFXPRIME is an Unregulated Forex Broker ALPHAFXPRIME has an awards section shown on its homepage. It claims that it has won awards as far back as 2017. However, the company's domain name (https://www.alphafxprime.com) verification result showed it was newly created on 6 January 2022. So how could it won these awards before its establishment? This is a strong signal that it is a scam.Meanwhile, ALPHAFXPRIME claims to be a trading name of ALPHA FX EUROPE LIMITED, which is authorized and regulated by the CONSOB and The Malta Financial Services Authority(MFSA). But actually ALPHAFXPRIME has no connection with ALPHA FX EUROPE LIMITED. Additionally, CONSOB blacklisted ALPHAFXPRIME as a scam and MFSA marked ALPHAFXPRIME as a clone firm.These proofs make it clear: ALPHAFXPRIME is not a regulated broker. That means investors' funds in the broker is unsafe and cannot be protected by any laws. Therefore, it is a scam.

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BrokersView has found that ALPHAFXPRIME is not working On 8 Jul 2022, BrokersView found the domain https://www.alphafxprime.com is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

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