AllianceheritageFX merely provides a so-called FSO license number, without mentioning the specific regulator it is under. Such a vague description about regulatory status can usually be seen on the website of a fake trading platform. This is a red flag.
In addition, the UK Financial Conduct Authority (FCA) has issued a warning against AllianceheritageFX, saying it is illegally targeting British residents.
In essence, AllianceheritageFX 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.
AllianceheritageFX merely provides a so-called FSO license number, without mentioning the specific regulator it is under. Such a vague description about regulatory status can usually be seen on the website of a fake trading platform. This is a red flag.In addition, the UK Financial Conduct Authority (FCA) has issued a warning against AllianceheritageFX, saying it is illegally targeting British residents.In essence, AllianceheritageFX 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.