AlphaFX24

AlphaFX24 is the trading name of Alpha Trade Financials Ltd, a company registered in Cyprus. According to our records, the firm was founded on 14 March 2022 and operates the website alphafx24.com. The company is listed with the Cyprus Securities and Exchange Commission (CYSEC) as holding a Forex Execution License (STP), though the status of that licence is not published in our records.

As a relatively new entity in the forex brokerage space, AlphaFX24 positions itself within the regulated European framework. Cyprus is a common base for retail forex and CFD brokers, offering access to the European Economic Area through MiFID passporting. However, the company's employee count is listed as zero in our records, which raises questions about its operational capacity.

Our records show that AlphaFX24 holds a single licence from CYSEC, specifically a Forex Execution License (STP). The licence number on file is 216/13, though we note that this number is not published in our records and should be verified directly with the regulator. The status of the licence is marked as '—', indicating that we do not have confirmation of its current validity or any restrictions.

CYSEC is a well-established regulator, and a licence from it typically implies a certain level of oversight, including capital requirements and conduct rules. However, the lack of a confirmed status and the zero employee count are points of caution. Traders should always check the regulator's public register to confirm the licence is active and that the firm is authorised to provide services.

Based on the licence type, AlphaFX24 is authorised to offer forex execution services on a straight-through processing (STP) basis. This suggests that the broker may route client orders directly to liquidity providers, rather than acting as a market maker. The specific trading platforms, account types, and instruments offered are not disclosed in our records.

Given the lack of public information, we cannot confirm the range of currency pairs, CFDs, or other assets that AlphaFX24 provides. Prospective clients should consult the broker's website or contact their support team for detailed information. However, the absence of verifiable details is itself a consideration for traders who rely on transparency.

As a CYSEC-regulated broker, AlphaFX24 is likely targeting retail and professional traders within the European Union and beyond. The STP execution model is often favoured by traders seeking direct market access and potentially tighter spreads. However, without confirmed details on minimum deposits, leverage, or account tiers, it is difficult to assess the broker's suitability for different trader profiles.

Our records do not indicate any clone or impersonator sites, which is a positive sign. Nevertheless, the lack of a verifiable website or social-media presence, as flagged in our risk assessment, means that traders may find it challenging to gauge the broker's reputation or operational history.

In FXCanary's assessment, AlphaFX24 carries a Scam Risk Score of 45 out of 100, which we classify as 'Guarded'. This score reflects the absence of a verifiable website or social-media presence, as well as the limited public information available. While the CYSEC licence is a positive indicator, the zero employee count and unclear licence status warrant caution.

Traders considering AlphaFX24 should perform their own due diligence, including verifying the licence on the CYSEC register and checking for any regulatory warnings. The lack of independent reviews or detailed operational information means that the broker's actual trading conditions and reliability remain unproven. As with any new or low-profile broker, it is advisable to start with a small deposit and test the platform thoroughly before committing significant funds.