Review summary
Altofx is a UK-registered entity that has been operating for 2-5 years in the forex trading space. This firm holds no valid authoritative forex trading licenses from recognized regulators such as the UK's Financial Conduct Authority (FCA). The WikiFX score of 1.46 reflects a severe risk warning, primarily due to the complete absence of regulatory oversight, which means client funds are not protected under any compensation scheme, and the firm operates without mandatory financial conduct rules. Altofx structures its trading accounts with varying entry conditions and leverages, from a Basic account at 1:5 for deposits starting at $250 to a Diamond account offering 1:300 leverage on an invite-only basis. All account types support scalping, Expert Advisors (EAs), and hedging. Without regulation, engaging with this broker presents a very high level of risk for traders. This assessment is based on a significant lack of credible oversight. Note: Regulatory status, trading conditions, and risk assessments may vary by jurisdiction. The WikiFX score reflects currently available information.Please verify all entity details independently before trading. (Updated: 2026-04-03)
