ANSWER Alpafx Markets is not a licensed broker and should be avoided at all events. AlphaFx Markets claims to be a owned and operated by ALPHAFX Markets Limited, a regulated company by the British Virgin Islands Financial Services Commission (BVI FSC). However, we didn't find any matching results from the registry of BVI FSC. So AlphaFx Markets is not regulated or overseen by any financial regulators. That means investors' funds in this broker are unsafe and cannot be protected by any laws. Therefore, it might be a scam broker.We would recommend traders stay away from unregulated brokers like Alpafx Markets and trade with licensed brokers.
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