Altofx Review : Fees, Pros and Cons, Reviews by Real Traders

Altofx

Operating status: SCAM

Website: https://altofx.com/

Broker violations and abnormal records

Jun 27, 2022 The France AMF Added Altofx into Its Warnings
On June 28 2022, the France Autorité des Marchés Financiers (AMF) issued a warning that Altofx is not authorized to provide forex services in France. You may visit: https://www.amf-france.org/en/warnings/warnings-and-blacklists?conditions%5Bcategorie%5D=224&page=0&sort%5Bfield%5D=date&sort%5Bsort%5D=DESC

On June 28 2022, the France Autorité des Marchés Financiers (AMF) issued a warning that Altofx is not authorized to provide forex services in France. You may visit: https://www.amf-france.org/en/warnings/warnings-and-blacklists?conditions%5Bcategorie%5D=224&page=0&sort%5Bfield%5D=date&sort%5Bsort%5D=DESC
Jul 03, 2022 Brokersview has Reviewed that Altofx is an Unregulated Forex Broker
Altofx claims to be a reliable broker withour presenting any information about its regulation. The lack of such important information may be a distinct signal of unlicensed broker, as regulated broker always present their accreditations and licenses in a prominent position. It is a red flag.
Altofx also claims to be a UK-based firm. As per the United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK shall be authorized or registered by the UK financial regulator - UK FCA. However, we did not find any match results to Altofx in FCA.
Actually, the France Autorité des Marchés Financiers (FMA) issued a warning that Altofx is not authorized to provide forex services and products in France.
That means Altofx is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe and the money can not be protected by any laws. Therefore, it is a scam.

Altofx claims to be a reliable broker withour presenting any information about its regulation. The lack of such important information may be a distinct signal of unlicensed broker, as regulated broker always present their accreditations and licenses in a prominent position. It is a red flag. Altofx also claims to be a UK-based firm. As per the United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK shall be authorized or registered by the UK financial regulator - UK FCA. However, we did not find any match results to Altofx in FCA. Actually, the France Autorité des Marchés Financiers (FMA) issued a warning that Altofx is not authorized to provide forex services and products in France. That means Altofx is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe and the money can not be protected by any laws. Therefore, it is a scam.

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