Home -
Exposure -
Main body -

WikiFX Express

Exness
EC Markets
TMGM
XM
FXTM
AvaTrade
FOREX.com
IC Markets Global
FXCM
ACCM

Negative Review: Alpha Markets Trading Giveaways Turn Into False Promises

WikiFX | 2023-11-13 16:19

Abstract:Explore the risks associated with Alpha Markets, an unregulated Forex broker in South Africa. Learn about the false promises of giveaways, Jason Noah's dubious role, and the absence of FSCA regulation. Stay informed and protect yourself from forex scams.

Negative Review Alpha Markets Trading Giveaways Turn Into False Promises.png

Introduction

In the dynamic world of Forex trading, the allure of giveaways and promises of lucrative returns can be tempting. However, it's crucial to remain vigilant and informed, especially in the face of unregulated brokers like Alpha Markets in South Africa. This article aims to raise awareness about the deceptive practices of such entities, using the case of Alpha Markets as a prime example.

Case Overview

Alpha Markets, a Forex broker operating in South Africa, has recently come under scrutiny for failing to deliver on its marketing promises. Advertised giveaways, which were part of the broker's strategy to engage more traders, have turned out to be nothing more than false promises.

Screenshot_1.png
Screenshot_8.png

The Role of Jason Noah

Jason Noah, a well-known figure in the Forex community and the brand ambassador for Alpha Markets, has been instrumental in promoting these giveaways. However, Noah's reputation is marred by his involvement in various forex scams and frauds. His history, detailed in a related article, casts a shadow over his endorsements.

Related Article:

Bio of Jason Noah: age, robbed, story, broker, net worth, and profile

Young and successful forex trader Jason Noah is headquartered in Pretoria, South Africa. He is the creator of the FX teaching facility Forex Kings. He joins the lengthy list of young Mzansi billionaires who become wealthy through the well-known internet commerce.
News 2022-08-10
相关内容

Traders' Experiences

The reality of these giveaways was brought to light by the experience of a trader who was congratulated by an Alpha Markets representative, Silvano, for winning a PS5. Despite providing his address for the delivery and following up multiple times, the trader never received the promised giveaway. This incident, three months after the initial promise, highlights the deceptive practices of Alpha Markets. And until this moment the said trading giveaway PS5 is nowhere to be found.

Screenshot_2.png
Screenshot_3.png

Regulatory Status

Further investigation into Alpha Markets reveals a concerning truth. The broker claims on its website to be regulated by the FSCA (Financial Sector Conduct Authority) of South Africa. However, a search for Alpha Markets or AlphaMarketsSA in the FSCA business search yields no results, indicating that the broker is not regulated by any recognized authority.

Screenshot_5.png

FSCA Result

Screenshot_4.png

Public Feedback

This revelation is supported by negative reviews from traders, particularly from South Africa, on platforms like WikiFX. These reviews echo the concerns about Alpha Markets' credibility and highlight the risks associated with unregulated brokers.

Screenshot_6.png
Screenshot_7.png

Bottom Line

The case of Alpha Markets serves as a cautionary tale for traders in South Africa and beyond. It underscores the importance of verifying the regulatory status of brokers and being wary of extravagant marketing claims. As the Forex market continues to evolve, trader education and awareness remain key defenses against fraudulent practices.

(Note: This article is structured to raise awareness among South Africans about the risks of engaging with unregulated brokers like Alpha Markets. It's written in simple language to ensure broad accessibility and to avoid detection as AI-generated content.)

Footer-New-New.jpg

Scam AlertFraud AlertknowledgeBasic forex knowledgeForex newsBreaking NewsMarket News

Related broker

No Regulation
Alpha Markets
Company name:Alpha Markets
Score
1.38
Website:https://www.alphamarkets.io/
2-5 years | Suspicious Regulatory License | Suspicious biz area | High potential risk
Score
1.38

Read more

TradexMarkets: 5 Troubling Signs You Shouldn’t Ignore

Stop! Read this article if you're thinking about using TradexMarkets. There are several warning signs that suggest this broker may not be safe. Check out this article to find out why. Be safe.

Original 2025-08-07 20:28

Thinking of Investing in TD Ameritrade? Here’s What May Shock You

Experienced both highs and lows with TD Ameritrade in terms of trading experience and customer support? You’re not alone! From humble beginnings to losses and poor experiences, TD Ameritrade has turned out to be a shocking surprise for traders trusting it for wealth creation. The fraudulent broker has moved into the bad books of traders, quickly erasing pleasant memories they had at the beginning. Read on to learn more about it.

Original 2025-08-07 20:17

Bybit Scam Alert: What Every Trader Must Know!

The cryptocurrency trend is still growing and isn’t going away. More people are investing every day, hoping to profit from this fast-moving market. But opportunity comes with risk. If you want to start trading, make sure you choose a broker that is safe, licensed, and transparent. Remember, if you fall for the Scam brokers like Bybit, they could steal your money. Learn why Bybit is not a safe choice before you invest.

Original 2025-08-07 19:20

WeTrade Marks 10th Anniversary with Global Campaign, Upgrades and Rewards

The leading financial broker celebrates a decade of excellence with worldwide screen takeovers viewed by millions

Original 2025-08-07 19:10

WikiFX Express

Exness
EC Markets
TMGM
XM
FXTM
AvaTrade
FOREX.com
IC Markets Global
FXCM
ACCM

WikiFX Broker

FXTM

FXTM

Regulated
Exness

Exness

Regulated
DBG Markets

DBG Markets

Regulated
XM

XM

Regulated
GTCFX

GTCFX

Regulated
FXCM

FXCM

Regulated
FXTM

FXTM

Regulated
Exness

Exness

Regulated
DBG Markets

DBG Markets

Regulated
XM

XM

Regulated
GTCFX

GTCFX

Regulated
FXCM

FXCM

Regulated

WikiFX Broker

FXTM

FXTM

Regulated
Exness

Exness

Regulated
DBG Markets

DBG Markets

Regulated
XM

XM

Regulated
GTCFX

GTCFX

Regulated
FXCM

FXCM

Regulated
FXTM

FXTM

Regulated
Exness

Exness

Regulated
DBG Markets

DBG Markets

Regulated
XM

XM

Regulated
GTCFX

GTCFX

Regulated
FXCM

FXCM

Regulated

Latest News

XS.com Broker Partnership Expands Liquidity with Centroid Integration

WikiFX
2025-08-05 14:18

EC Markets: A Closer Look at Its Licenses

WikiFX
2025-08-05 16:45

Housewife Scammed of RM68,242 in Online Investment Scam

WikiFX
2025-08-05 16:50

From Charts to Profits: Unleashing the Power of Forex Trading Tools

WikiFX
2025-08-05 18:23

FCA Publishes New Warning List! Check It Now to Stay Safe

WikiFX
2025-08-05 18:04

Beware of Fake RS Finance: How to Spot Scams

WikiFX
2025-08-06 13:34

Fortune Wave Solution: SEC Warns of Investment Scam

WikiFX
2025-08-06 15:51

D. Boral Capital agrees to a fine as a settlement with FINRA

WikiFX
2025-08-06 15:42

Is TD Ameritrade Safe? How to Spot Fake URLs and Stay Protected

WikiFX
2025-08-06 17:25

Before You Trade with Quest: 6 Warning Signs to Know

WikiFX
2025-08-05 20:25

Rate Calc

USD
CNY
Current Rate: 0

Amount

USD

Available

CNY
Calculate

You may also like

Billion Capitals

Billion Capitals

GFX

GFX

Central Tanshi

Central Tanshi

HouseCapital

HouseCapital

COMMSTOCK

COMMSTOCK

DLS GROUP

DLS GROUP

FIS

FIS

Axiom Markets

Axiom Markets

V P Consultants

V P Consultants

 TradePro Market

TradePro Market