Al Trade Review

Al Trade

www.alforex.com

Reason to avoid: No license

Listed Date: July 22, 2018

Top 3 Regulated Forex Brokers

  • Company name: AL Trade Inc.
  • Registration/license: none
  • Registration/license requirement: –

Al Trade is a forex and CFD broker based in London. The company is owned by AL Trade Inc., which is not regulated to provide financial services in the UK by the Financial Conduct Authority. It is also not licensed by any other regulatory institutions. We recommend dealing only with the reliable brokerages that are regulated and authorized to provide financial services. For example, UK’s FCA requires 125000 EUR of capital for STP license. Also in order to get this type of license, the broker needs to have a physical office in the UK. All clients of FCA-regulated brokers are protected by the Financial Services Compensation Scheme.

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