WikiFX Visited Forex Broker Alfa Capital in Cyprus

Broker: Alfa Capital

Visited on: August 18th, 2019

Conclusion: the broker truly exists

On-the-spot investigation

Regulatory information shows that Alfa Capital, holder of CySEC(Cyprus)s MM license, is at the 4th floor of Julia House on 3, Themistokli Dervi in Nicosia.

Themistokli Dervi is a main street in the pedestrian zone of Nicosia‘s CBD, where many renowned global companies are located. We reached Julia House and noticed the logos of Alfa Capital and Alfa Forex as soon as we entered the lobby. Taking the elevator to level 4, we soon found the office of Alfa Capital and Alfa Forex. From what we saw while we communicated with the company staff, the office has about 40 cubicles and is of considerable size. We confirm that Alfa Capital’s office in Cyprus really exists.

Analysis

Alfa Capital‘s websites shows the company to be a subsidiary of ABH Financial Limited. The company has been under the regulation of Cyprus Securities and Exchange Commission(CySEC) since 2004, holding license number 025/04. Per investigation, information from Alfa Capital’s website matches the regulatory information from CySEC. The company was issued forex brokerage license on May 4th, 2004 and has been in business for over 15 years.

Given that CySEC was only established in 2003, Alfa Capital which managed to register and obtain a license in 2004 is truly among the forex pioneers of Cyprus. Despite incidents in recent years that raised questions about the soundness of Cyprus regulation, Alfa Capital continues to grow against unfavorable conditions, showing its strength and capability.

Conclusion

WikiFX App shows that besides the MM license of CySEC(Cyprus), Alfa Capital also holds EEA license of FCA, demonstrating rich expertise through over 15 years of experience in forex brokerage. The broker is rated at 7.33 on WikiFX App and has a satisfactory performance. However, as Alfa Capital uses non-MT4/5 trading software, investors are suggested to remain cautious during your investment to ensure the safety of your assets.