The Official Website Of Altofx Cannot Be Accessed Normally At Present. The Company Seems To Have Closed Down. Therefore We Can Only Collect Some Relevant Information For Reference Only.
2022-06-28 French AMF Adds Altofx To The Warning List
On June 28, 2022, The French Financial Marekt Exchange (AMF) Issued A Warning That Altofx Provides Foreign Exchange Services In France Without Authorization. You Can Visit The Following Website For Details: Https://www.amf-france.org/en/warnings/warnings-and-blacklists?conditions%5Bcategorie%5D=224.page=0.sort%5Bfield%5D=date.sort% 5Bsort% 5D = DESC
2022-07-04 We Have Confirmed After Review That Altofx Is An Unregulated Forex Broker
Altofx Claims To Be A Reliable Broker, But Does Not Provide Any Information About Its Regulation. The Lack Of Such Important Information Can Be A Clear Signal For An Unlicensed Trader, As A Regulated Trader Always Displays Its Certification And License To Operate In A Conspicuous Position. This Is A Red Flag.
Altofx Also Claims That Its Corporate Headquarters Are Located In The United Kingdom. Under UK Law, All Companies And Individuals Offering, Promoting Or Selling Financial Services Or Products In The UK Are Required To Obtain Authorisation Or Business Registration From The UK Financial Conduct Authority (FCA). However, We Did Not Find Any Results In The FCA That Matched Altofx.
More Importantly, The French Financial Marekt Exchange (FMA) Has Issued A Warning That Altofx Is Not Authorised To Provide Foreign Exchange Services In France And
This Means That Altofx Is Not Regulated By Any Regulatory Authority. It Is Not Safe For This Dealer To Hold Or Control Investor Funds And Investors Cannot Be Protected By Any Law. It Is A Fake Dealer.
Since It Is Not Possible To Access This Broker's Website At This Time, We Are Also Unable To Obtain More And More Direct Details About Its Trading Assets, Leverage, Spreads, Trading Platform, Minimum Deposit, Etc.
As For Regulation, It Has Been Verified That Altofx Does Not Currently Have Any Valid Licenses.
But Most Brokers That Are Not Compliant Will Not Disclose To Provide Other More Direct And Truthful Contact Information, Such As Phone Numbers Or Company Addresses.
Note: Altofx As A, Unregulated Broker, Which Means That Clients' Investments May Not Be Adequately Protected. Due To The Lack Of A Regulator To Hold Companies Accountable, The Lack Of Regulation Increases The Risk Of Potential Financial Losses.
If You Invest In An Unregulated Broker, They Are Likely To Run Away With Your Hard-earned Money Without Any Recourse. Therefore, Investors Must Be Extremely Cautious And Remind Everyone To Stay Away From These Unregulated Brokers As Much As Possible When Choosing A Broker.
