Ukalphafund information request

By Lorenzo, from Italy, June 3, 2021 at 04:36 PM

I would like to know if this broker is really registered with your company under the reference number 638902, if it is reliable and if my capital will be insured by the law in case of corporate insolvency. Many thanks for your kind attention, Best regards.

Answer: Hi Lorenzo,

Unfortunately, is NOT regulated. We have checked the register of the UK’s Financial Conduct Authority, and despite the broker’s claims, it turns out that the reference registration number 638902 is not registered and there is NO entity under this number. This is the major red flag for the potential investors, as the company is not overseen by any authority. In addition, we have found a lot of negative reviews about Ukalphafund, which only makes the whole picture even worse.

In any case, we never advise trading with a non-licensed broker, since the financial investment service they deliver is not trustable. The reason is simple, the broker may promise the most ever competitive trading conditions or the trading environment, yet the trader has no any guarantee from the official entities that oversee the Forex industry. Thus the engagement to trading with such a companies means the trader will believe only on the broker’s words, and of course, it is a high risk.

We would recommend choosing from the Regulated and reliable brokers and be sure that your funds are safe.


Leave a Reply

Your email address will not be published.

* code