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Alpha Forex Markets Review 2025

Alpha Forex Markets Review 2025

Updated:
Updated: January 06, 2025

Summary of Alpha Forex Markets Trading Company

The broker is registered in Hong Kong, with SVG FSA (Financial Services Authority St. Vincent and the Grenadine) serving as the regulator. However, upon verification, it was discovered that the information provided on the website about the regulator was false because Alpha Forex Markets was not issued a license by the SVG FSA.
Traders have access to over 180 currencies and more than 9,000 other financial instruments. The company's website is still operating, but it is no longer possible to register a trading account. Most clients have given negative feedback about the broker, accusing it of fraudulent activities. Among the most common complaints are actions related to managed accounts leading to losses and refusal to process withdrawals. Many investors and traders have lost their capital due to interference in trading, account blocking based on unsubstantiated accusations of violations of rules, or the use of prohibited strategies as per regulations.

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ZACHAJOHNS
1 year ago

My experience in Forex is over four years, and this is the first time I’ve encountered liars working with one goal - to steal others' funds. It's not just the money they blatantly stole from me, it's also over five months of regular work. Luckily, I have accounts with several brokers, so I only lost part of my investment capital. They don't allow me to withdraw funds and always find many reasons, though, in reality, there's only one, this is a fraudulent organization of extortionists and thieves. There's no one to complain to because this company is not authorized by any regulatory authorities.

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nuh514
1 year ago
Location CA Beauharnois

I lost over $25,000 in managed accounts. Everything was fine at first, and I was consistently withdrawing a small but steady profit a couple of times a month. When I needed the money and requested a withdrawal of a significant portion of the invested amount, they required me to close trades. We agreed that these would be orders that could be closed without a loss at that time. However, they did the opposite, causing me significant losses. Later, they withdrew a much smaller amount than requested. I decided to withdraw the remaining funds to avoid future problems, but these scammers locked my account along with the investments.

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Lexus7
1 year ago

I opened a Bernie STP account with a minimum deposit of $100 to gain more experience and planned to switch to another account with more favorable trading conditions soon. They started calling me, urging me to deposit more to switch to JORDAN ECN with reduced spreads. I succumbed to persuasion and promises. Yes, I traded with more favorable conditions, but the joy was short-lived. When I tried to withdraw my profit, I immediately encountered difficulties. They suspended my withdrawal request, and client support didn't explain their actions. I wrote to support several times a day, but it was all in vain. After some time, I couldn't even log in to their website because they closed my account.

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larylent
1 year ago

Don't trust these scammers if you don't want to lose everything. I lost all my savings that I planned to use for Forex trading and the profit I earned over three months. They simply didn't process my withdrawal requests. Initially, they accused me of rule violations, which I'm sure is just an excuse, and then they stopped responding to my inquiries altogether. I wanted to complain to their regulator, but it turned out they weren't registered with any financial supervisory organization, despite what was stated on their website. Now, I'll always thoroughly check brokerage companies for valid documents and not believe everything written on their websites.

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Elisati
1 year ago

I traded for almost six months, and everything was fine only for the first couple of months. Problems started with interference in trading and closing potentially profitable deals. The reason is unclear to me because the margin was always no less than 120%. I decided not to trade on my own, so I invested everything in managed accounts. When I needed to withdraw half of my investments and submitted a request, it was inexplicably canceled. I contacted support to find out the reason, but I never got a clear answer. They promised to transfer me to a financial issues operator, then they stopped responding altogether. I filed a complaint with cyber police and am waiting for the result, although I doubt it will be positive.

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Denis
1 year ago

I registered with Alpha Forex Markets after a client relations manager started calling me, offering to trade with them, and promising a 90% bonus on the first deposit. I topped up my balance with $300 but received no bonus. When I asked why, they said I was late, and the promotion had ended, even though there was no mention of it on the website, and they promised me individual bonuses. These are shameless deceivers capable of any lie just to lure funds from traders and then misappropriate them. Not only did I not see the bonus, but I also said goodbye to my money because when I tried to withdraw it, my account was blocked, and all emails to the support were simply ignored.

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denicrut
1 year ago

I don’t know much about Forex, so initially, I planned to invest in managed accounts and connect to a social trading platform. I thought I'd choose the most profitable option and reinvest the profits there. However, all my plans fell apart when I tried to withdraw my earnings for the first time in three months to see how quickly they process requests. They suspended my withdrawal request, explaining that there was a server malfunction, and I needed to wait for some time and then submit it again. I did that, but they still didn't transfer anything to my card. After persistent inquiries to client support, they canceled all my accounts.

We constantly monitor the Internet for the emergence of new fraudulent schemes to deceive traders. We have been collecting data about scam brokers for more than 10 years and we think we know every dishonest company in the market. Below we have collected for you the information about the scammers from the List of SCAM Brokers.

FAQs

Why has Alpha Forex Markets been placed on the Forex Broker Blacklist?

Possible reasons:
• multiple complaints have been filed against Alpha Forex Markets by traders claiming the broker failed to fulfil its obligations, including process withdrawals;
• the website of Alpha Forex Markets is down, not updated or operates with clear errors and some features are not available;
• Alpha Forex Markets has been blacklisted by the regulatory authority, and a warning has been published on the regulator’s website.

What should I do if Alpha Forex Markets got blacklisted and I still have money in my account?

Don’t panic right away. First, try to find out the reason why Alpha Forex Markets got blacklisted. The situation may be temporary. Contact Traders Union client service for details. If the situation is critical, try to withdraw money. The best way to do it in parts, so that the broker does not suspect that you want to withdraw your entire balance and close the account.

What should I do if I cannot withdraw my money from Alpha Forex Markets?

If your broker refuses to process withdrawals under various pretexts, your algorithm of actions is as follows:
• Get a clear response from the broker’s Support Service with reference to the clauses of the Terms of Use (User Agreement). Save your correspondence and download the transaction history from your account.
• With a full package of documents, appeal to the following organizations: the broker’s regulator or corresponding law enforcement agencies. If you make your deposit with a bank transfer, try to initiate a chargeback request.
• Share your situation on traders’ forums, add the broker to blacklists of various websites, as it will help others avoid the mistake.

Is there any chance to recover my money if Alpha Forex Markets is a scam?

On rare occasions, yes, for example, if the broker was a member of a compensation fund, or upon a court’s ruling.

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