Review summary
ALFX Limited is a relatively new entity in the forex brokerage space, established approximately 1-2 years ago and registered in Saint Lucia. The broker currently holds no valid licenses from major financial regulators, placing it in the category of an unregulated offshore entity. This operational status requires traders to exercise significant caution, as it lacks the investor protection mechanisms associated with top-tier regulatory oversight. Its overall operational assessment, reflected in a WikiFX score of 1.69, indicates substantial areas of concern. On the trading front, ALFX provides the MetaTrader 5 platform with standard specifications, offering both Standard and Pro accounts that can be opened with a minimum deposit of $15 and feature leverage up to 1:2000. The broker's reported average execution speed is 162ms, and it permits the use of Expert Advisors (EAs). Given the complete absence of regulatory authorization, this broker represents an exceptionally high-risk proposition for prospective clients. 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: 2026-03-19)
