Altlance

Altlance is a financial services entity registered in the United Kingdom, with a registered office at 77 Leadenhall St, London EC3A 3DE. According to our records, the company was founded on 13 September 2022. The official domain is altlance.com, though we were unable to verify any active website or social-media presence at the time of writing.

Our records show that Altlance holds two regulatory licences: one from the Cyprus Securities and Exchange Commission (CYSEC) and one from the Seychelles Financial Services Authority (FSA). The CYSEC licence is for Market Making (MM) activity, while the FSA licence is for a Derivatives Trading License (EP). These licences suggest the firm is authorised to operate in certain regulated capacities, but the details of its actual business activities remain unclear.

Altlance's regulatory file lists two licences. The first is a CYSEC licence (number 301/16) for Market Making, based in Cyprus. The second is an FSA licence (number SD036) for Derivatives Trading, based in Seychelles. Both licences appear in our records, but their current status is not specified.

It is important to note that the Seychelles FSA is a less stringent regulator compared to major financial authorities like the UK's FCA or the US CFTC. While a CYSEC licence is more recognised within the EU, the lack of a clear status and the absence of a verifiable website raise questions about the firm's operational transparency. We cross-checked the licence numbers against public registers where possible, but the information available is limited.

Based on the licences on file, Altlance appears to be authorised for market making and derivatives trading. Market making typically involves providing liquidity by quoting buy and sell prices, while a derivatives trading licence permits dealing in financial instruments such as options, futures, and CFDs. However, without access to the official website, we cannot confirm the specific products or services offered.

Our records indicate that Altlance has zero employees on file, which is unusual for a licensed financial firm. This could suggest that the company is a shell entity, or that its operational staff are not listed in the registry. The registered address in London is a well-known commercial location, but this alone does not confirm active business operations.

We were unable to obtain any information about Altlance's account types, trading platforms, or available instruments from official sources. The absence of a verifiable website means that potential clients cannot review the firm's offerings or terms. This lack of public information is a significant limitation for anyone considering doing business with Altlance.

In FXCanary's assessment, the absence of a website or social-media presence is a red flag. Legitimate brokers typically maintain a professional online presence to attract and inform clients. The lack of such presence, combined with the zero employee count, suggests that Altlance may not be actively operating as a retail forex or CFD broker, or that it is in a very early stage of development.

Given the regulatory licences, Altlance might be intended to serve institutional clients or high-net-worth individuals interested in derivatives and market making. However, without concrete information, we cannot determine the target audience with confidence. The Seychelles licence is often used by offshore brokers targeting international retail clients, but the lack of a website makes it impossible to confirm.

For traders considering Altlance, we advise extreme caution. The lack of verifiable information, the zero employee count, and the absence of a website are all warning signs. We recommend that any potential client conduct thorough due diligence and seek independent verification of the firm's operations before committing any funds.

Altlance's FXCanary Scam Risk Score is 43 out of 100, which we classify as 'Guarded'. This score reflects the risk flag we identified: no verifiable website or social-media presence. While a score of 43 is not in the high-risk range, it indicates that there are significant uncertainties that should not be ignored.

The lack of public information makes it difficult to assess the firm's credibility. We found no clone or impersonator sites, which is a positive sign, but it does not offset the other concerns. In our view, the absence of a website is a critical issue because it prevents clients from accessing essential information such as terms and conditions, risk disclosures, and contact details.

We also note that the regulatory licences are from jurisdictions that are not considered top-tier. While a CYSEC licence is respected, the Seychelles FSA is often associated with higher-risk offshore brokers. The combination of these factors leads us to advise that Altlance should be approached with caution, and only after independent verification of its claims.