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Alainfx

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2.3
(2 Reviews)

Founded: - Min Deposit: 100 USD

Headquarters: India Max Lev: 1 : 400

Risk Level I

Alainfx's AOFA license claim needs further verification due to the AOFA not disclosing the licensee's web address for confirmation.

Score
Business Scope
0.0
Trading Cost
2.0
Trading Platforms
2.0
Support
2.0
Licence Status
AOFA L15694/AMS
Authorised
Contact
+971 528002611
info@alainfx.com
http://www.alainfx.com
Broker News Account & Cost Deposit & Withdrawal Company & Service Related Complaints Reviews

Broker News

Unveiling the Shadows: Deceptive Reality of Alain FX 2023-09-28
Alain FX doesn't provide regulatory information and faces allegations of fraudulent activities.

Deposit and Withdrawal

2.0

Score

No Data
No Data

Company and Service

--

Score

Profile
Headquarters Address
23/1, Alagiri nagar, 5th Cross Street, Vadapalani, Chennai, Tamil Nadu, India. PIN 600026.
Broker Type
STP,  ECN
Credit Profile No information
Trading Platforms
MT5
Mac,  iOS,  Android,  Webtrader
Contact
No Data
Others
Website Language
English
Customer Service By
Phone,  Email
Supported Language
English

Related Complaints

Q&A

How many deposits should I make when opening a new account?

Md Abul Kasem
Cambodia
2023-03-17
ANSWER Alainfx is a non-regulated trading platform even though it states offers that look too good to be true.Alainfx claims to be operated by Alains Market Solutions Limited. This broker's website does not display any regulatory information, a distinct characteristic of unlicensed brokers. As we know, legit brokers always present their accreditation and licenses in a prominent position. Regarding your question, given Alainfx's unsupervised operations, we would suggest you not trade with this dishonest broker. Because letting this broker control and hold your money or trading with it is very risky. There are no safeguards in place to protect your funds on this platform. Therefore, we would suggest investors stay away from unlicensed brokers like Alainfx and trade with fully regulated brokers.
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What are the differences between Basic , Economic and Classic accounts ?

Tiago
Finland
2022-06-08
ANSWER Alainfx is not a licensed or regulated broker even though it states offers that look good to be true. Alainfx claims to be registered as an International forex broker in Saint Vincent and the Grenadines Financial Services Authority (SVG FSA) under registration number: 25672BC. However, we did not find any match results to Alainfx in SVG FSA. Besides, SVG FSA does neither issue licenses for forex trading nor regulate brokers offering forex activities. The truth is, Alainfx is not overseen by any regulators. That means investors' funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like Alainfx and trade with licensed brokers.
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Overall Score

2.3
2 Reviews

Cost 2.0

Platforms 2.0

Deposit & Withdrawal 2.0

Customer Support 2.0

Indicates the average level of Brokers

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2 Reviews Clear filter

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Papasmurf
India
Alain Fx is a scam broker, its running by Agies. They haven't paid any withdrawal to last few months.
2023-06-02
Reply
Collins Echefu
Bulgaria
SCAM. Tried to withdraw my $684 several times but have not got any reaction from their side. Online chat is always offline. Emails ingnored, never got any rely. No license number, no regulation
2022-12-29
1
Reply
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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.