Is Alfa Success Corp a reliable broker?

What Alfa Success Corp is

Alfa Success Corp is online forex and CFDs broker offering over 10 forex currency pairs for both individual and corporate clients through the MT4 trading platform. Alfa Success Corp provides clients with Stocks, Currencies, Indices, and Commodities (CFDs). It is located in Road Town, Tortola, British Virgin Islands. According to WikiFX, Alfa Success Corp has been given a very low rating of 1.24/10. I think one of the reasons is because of Alfa Success Corp‘s regulatory status. Recently Alfa Success Corp doesn’t have a legitimate license. Therefore, we urge you to be aware of the potential risks.

Minimum Deposit

In terms of the minimum initial deposit, Alfa Success Corp requires traders to fund at least $500 to activate trading accounts.

Leverage

Alfa Success Corp provides a maximum leverage of 1:5000, which is quite generous. Since leverage can amplify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Spreads & Commissions

Alfa Success Corp only mentions that it offers tight spreads, but it does not specify spreads on a particular instrument.

Trading Platform Available

Alfa Success Corp offers MetaTrader4 (MT4) as their trading platform. The MT4 trading platform is the gold standard for Forex trading, with a user-friendly trading interface, powerful charting tools, and a large number of custom indicators that support automated trading and EA trading.

Payment Methods

In terms of payment methods available with Alfa Success Corp, this broker does not make this part clear. In most cases, brokers would support traders funding their accounts through Visa, MasterCard, Wire transfer, as well as Skill and Neteller.

Customer Support

The customer support team of Alfa Success Corp can be reached via email: support@ascfm.com. Besides, investors can reach them via social media platforms including YouTube, Facebook, Instagram, and Twitter.

Unauthorized regulatory

Alfa Success Corp claimed itself to be regulated by NFA with license number 0536886. However, according to WikiFX, the regulatory status is unauthorized.

Too many complaints

The number of complaints received by WikiFX against this broker reached 13 in the past 3 months. One of the biggest problems the broker has according to traders is withdrawal refusal. Many investors from Africa and Asia can not withdraw their money from Alfa Success Corp. Below are some cases we found among them.

One trader who comes from the Philippines complained that Alfa Success Corp didn't allow the trader to withdraw his/her hard-earned money. According to the trader, even the manager of this broker refused to process the withdrawal request.

These two traders from Nigeria and Taiwan, respectively, have similar situations in that they cant withdraw the money from Alfa Success Corp.

This trader from Nigeria deposited funds into her/his account, but her/his account didn't receive the amounts. The trader warns people of the scam risks.

Conclusion:

Since Alfa Success Corp is not regulated by any regulatory institution. It is likely that you lose all of your assets without a response from the broker. Besides, it has too many complaints from the traders, please be aware of the potential risks. We advise you to do more research and make yourself comfortable before you make a decision. If you want to know more information about the reliability of certain brokers, you can open our website (https://www.WikiFX.com/en). Or you can download the WikiFX APP for free through this link (https://www.wikifx.com/en/download.html). Running well in both the Android system and the IOS system, the WikiFX APP offers you the easiest and most convenient way to seek the brokers you are curious about.