BrokersView
Search
Download
English
Sign In

ByAlpha

Save

Operating status: SCAM

Website: https://byalpha.org/

Broker violations and abnormal records
  • 2024-01-28 The CNMV issued a warning against ByAlpha

    On 29 January 2024, the Comisión Nacional del Mercado de Valores (CNMV) issued a warning that ByAlpha was providing financial services or products without authorisation. You may visit: https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&sortExpression=Fecha&sortDirection=1&page=0

    On 29 January 2024, the Comisión Nacional del Mercado de Valores (CNMV) issued a warning that ByAlpha was providing financial services or products without authorisation. You may visit: https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&sortExpression=Fecha&sortDirection=1&page=0
  • 2024-01-31 BrokersView has Reviewed that ByAlpha is an Unregulated Broker

    ByAlpha claims to be operated by Compic Solutions LTD, which is registered in Saint Lucia, we  searched the Financial Services Regulatory Authority (FSRA) but found no matching results.

    The Comisión Nacional del Mercado de Valores (CNMV) issued a warning that ByAlpha was providing finacial services or products without authorisation.

    The truth is that ByAlpha is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws.

    ByAlpha is a scam.

    ByAlpha claims to be operated by Compic Solutions LTD, which is registered in Saint Lucia, we  searched the Financial Services Regulatory Authority (FSRA) but found no matching results.The Comisión Nacional del Mercado de Valores (CNMV) issued a warning that ByAlpha was providing finacial services or products without authorisation.The truth is that ByAlpha is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws.ByAlpha is a scam.

Related Complaints

Q&A

Is ByAlpha regulated in Spain?

Eli Rathore
Singapore
2024-02-09
ANSWER ByAlpha is not regulated in Spain. This fact is underscored by a warning issued by the Comisión Nacional del Mercado de Valores (CNMV), Spain's financial regulator. The CNMV has explicitly stated that ByAlpha does not hold a license from them, and as such, is not authorized to offer financial services within their jurisdiction.Given this situation, ByAlpha poses significant risks for traders, including potential fraud and identity theft. To protect their interests, investors are strongly advised to avoid unlicensed platforms such as ByAlpha and instead opt for platforms that are fully regulated. This ensures a safer trading environment and reduces the risk of financial loss.
See more

comments

Be the first to review.
Rate and Review

Your review

App Store

Google Play

Company Shop Application About Us Our Methodology Privacy Policy Contact Us

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.