The BCSC issued a warning against Alphas On July 12, 2023, the Securities Commission of British Columbia (BCSC) issued a warning against Alphas, urging BC residents to exercise caution because the company is not registered to trade in, or advise on, securities or derivatives in BC: https://www.bcsc.bc.ca/enforcement/early-intervention/investment-caution-list/2023/alphas
Alphas
VisitRisk Level - High
Alphas
Risk Level - High
Scam Evidence & Warnings
BrokersView has reviewed that Alphas is an unregulated broker Alphas claims to be operated by Alpha FX Limited, a multi-regulated company. However, our investigation has uncovered that Alpha FX Limited doesn't have any association with Alphas. The fraudulent trading platform is copying details of the real firm to appear legitimate and deceive investors.Additionally, the Securities Commission of British Columbia (BCSC) has issued a warning against Alphas, urging BC residents to exercise caution because the company is not registered to trade in, or advise on, securities or derivatives in BC.In essence, Alphas is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.
BrokersView has identified that Alphas's website is currently offline BrokersView found that the domain "https://alphas-cfd.com/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.
I live in the US, Does Alphas accept me to trade? The US has stringent regulations over forex trading. Alphas is a fraudulent platform and is not licensed by any US authority. Whether it accepts customers from the US, we strongly suggest you avoid the platform.Alphas appears to be an impersonation fraud. It claims to be operated by Alpha FX Limited, a multi-regulated company, but our investigation has uncovered that Alpha FX Limited doesn't have any association with Alphas.Furthermore, the Securities Commission of British Columbia (BCSC) has issued a warning against Alphas, urging BC residents to exercise caution because the company is not registered to trade in, or advise on, securities or derivatives in BC.As such, Alphas is a scam. Investors, if dealing with the platform, are exposed to significant risks, such as financial losses and identity theft, as there are no rules in place to safeguard them. Investors are strongly advised against such unlicensed brokers as Alphas and instead to choose a fully regulated one for mitigating risks. View Source
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