BrokersView has found that AlphaTick appears to be a scam AlphaTick claims to be a brand of AlphaTick (Pty) Ltd, presenting itself as an authorised Financial Services Provider (FSP) regulated by South Africa’s Financial Sector Conduct Authority (FSCA) under license number 52497. However, our verification reveals that no entity named AlphaTick (Pty) Ltd appears in the FSCA’s official register. More alarmingly, the license number 52497 actually belongs to Ultima Markets (Pty) Ltd. There is no evidence of any legal or operational connection between Ultima Markets and AlphaTick. This strongly suggests that AlphaTick is falsely using another firm’s regulatory details to create a misleading impression of legitimacy and deceive investors. Given this clear case of regulatory misrepresentation, AlphaTick is very likely to be a scam.

How has Alphatick's spread been fluctuating lately? Dear Investor, AlphaTick is highly likely to be a fraudulent platform, and we strongly advise against trading with it. The platform claims to be a brand of AlphaTick (Pty) Ltd, presenting itself as an authorised Financial Services Provider (FSP) regulated by South Africa’s Financial Sector Conduct Authority (FSCA) under license number 52497. However, our verification reveals that no entity named AlphaTick (Pty) Ltd appears in the FSCA’s official register. More alarmingly, the license number 52497 actually belongs to Ultima Markets (Pty) Ltd, a completely different company. There is no evidence of any legal or operational connection between Ultima Markets and AlphaTick. This strongly suggests that AlphaTick is falsely using another firm’s regulatory details to deceive investors. Given this clear case of regulatory misrepresentation, we strongly urge you to avoid any interaction or financial transactions with AlphaTick. View Source