Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
General Information
What is Alfa Success Corp？
Alfa Success Corp is an unregulated forex and CFD broker offering stocks, currencies, indices, and commodities through CFDs for both individual and corporate clients through MT4 trading platform.
In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.
Pros & Cons
Alfa Success Corp is unregulated, which may pose risks for traders. Additionally, the unavailable website and reports of unable to withdraw adds to the uncertainty surrounding the broker.
On the positive side, Alfa Success Corp offers a variety of market instruments through the MT4 platform, which may be appealing to some traders.
Alfa Success Corp Alternative Brokers
There are many alternative brokers to Alfa Success Corp depending on the specific needs and preferences of the trader. Some popular options include:
FOREX TB - with a user-friendly platform and a wide range of trading instruments, FOREX TB is recommended for traders looking for a comprehensive and accessible trading experience.
Markets.com - known for its advanced trading tools and educational resources, Markets.com is recommended for traders seeking a robust and educational trading environment.
TeleTrade - offering a range of account types and competitive trading conditions, TeleTrade is recommended for traders looking for a reliable broker with diverse trading options.
Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.
Is Alfa Success Corp Safe or Scam？
Based on the information provided, Alfa Success Corp is an unregulated broker, with an unauthorized National Futures Association (NFA, License No. 0536886) license and an unavailable website. The lack of regulation, absence of guaranteed funds, and no segregated accounts raise concerns about the safety and legitimacy of the company. It is crucial to exercise caution when dealing with unregulated brokers, as there may be an increased risk of fraudulent activities or unethical practices. Traders are advised to thoroughly research and consider the risks associated with trading on unregulated platforms before making any investment decisions.
Market Instruments
Alfa Success Corp offers a range of market instruments for traders to engage in trading and investing activities. Traders have the opportunity to trade and invest in various financial instruments, including stocks, currencies, indices, and commodities through Contracts for Difference (CFDs). CFDs allow traders to speculate on the price movements of these underlying assets without actually owning them. This provides flexibility and the potential for profit in different market conditions.
However, it is important to note that the lack of regulation raises concerns about the transparency and security of trading these instruments with Alfa Success Corp. Traders should carefully assess the risks associated with trading on an unregulated platform before engaging in any trading activities.
Accounts
Alfa Success Corp provides traders with the option to open both demo and live trading accounts. The demo account allows traders to practice their trading strategies and familiarize themselves with the platform without risking real money.
On the other hand, the live trading account is designed for traders who are ready to trade with real funds. Alfa Success Corp requires a minimum deposit of $100 to open a live account, which makes it relatively accessible for traders with different budget sizes.
However, it's important to note that the lack of regulation with Alfa Success Corp raises concerns about the safety of funds and the overall reliability of the broker.
Leverage
Alfa Success Corp provides a maximum leverage of 1:500. Leverage is a tool that allows traders to amplify their trading positions and potentially increase their profits. With a leverage of 1:500, traders can control a larger position in the market with a smaller amount of capital. While high leverage can be enticing for traders looking to maximize their trading opportunities, it's important to note that it also comes with increased risk.
The higher the leverage, the higher the potential for both profits and losses. Traders should exercise caution and use leverage wisely, considering their risk tolerance and trading strategy. It is crucial to fully understand the implications of leverage and manage it effectively to avoid excessive risks in trading.
Spreads & Commissions
During testing on Alfa Success Corp's demo MetaTrader 4 account, it was observed that the spread for the EUR/USD currency pair averaged around 2.9 pips. This spread is relatively higher compared to the industry average of 1.5 pips for the same currency pair. It's worth noting that the spread is the difference between the buying and selling price of an instrument, and it directly impacts trading costs.
However, there is no specific information available regarding commissions charged by Alfa Success Corp. Traders should consider the spread and any potential additional costs when evaluating the overall trading conditions and cost-effectiveness of the broker's offerings.
Below is a comparison table about spreads and commissions charged by different brokers:
Please note that these values are subject to change and may vary depending on market conditions and the specific account type offered by each broker. It's always recommended to refer to the broker's official website or contact their customer support for the most up-to-date and accurate information regarding spreads and commissions.
Trading Platforms
Alfa Success Corp provides the popular MetaTrader 4 (MT4) trading platform to its clients. MT4 is widely recognized and appreciated by traders for its comprehensive features and user-friendly interface. This platform offers advanced charting capabilities, a wide range of technical analysis tools, customizable indicators, and the ability to automate trading strategies through expert advisors (EAs).
Traders can access real-time market quotes, execute trades with speed and precision, and monitor their positions and account activity in real-time. Additionally, MT4 is available for desktop, web, and mobile devices, allowing traders to stay connected and manage their trades from anywhere at any time.
Overall, Alfa Success Corp's trading platforms are well-designed, user-friendly, and offer a range of advanced features suitable for both beginner and experienced traders. See the trading platform comparison table below:
Deposits & Withdrawals
Alfa Success Corp offers limited information regarding its deposit and withdrawal methods. According to available information, the broker supports bank wire transfers and cryptocurrencies as the accepted payment methods. However, specific details about deposit and withdrawal processes, fees, and processing times are not readily available.
Traders are advised to contact Alfa Success Corp directly for more detailed information regarding their deposit and withdrawal procedures. It is important for traders to thoroughly review and understand the terms and conditions associated with deposits and withdrawals before engaging in any financial transactions with the broker.
Alfa Success Corp minimum deposit vs other brokers
Customer Service
Alfa Success Corp provides customer support exclusively through email: support@ascfm.com communication. Additionally, Alfa Success Corp openly discloses its company address: Road Town, Tortola, British Virgin Islands, which can be beneficial for those seeking to establish direct contact or verify the legitimacy of the broker. Traders should keep in mind that relying solely on email support may result in slower response times compared to brokers offering multiple channels of communication.
Note: These pros and cons are subjective and may vary depending on the individual's experience with Alfa Success Corp's customer service.
User Exposure on WikiFX
On our website, you can see that some reports of unable to withdraw. Traders are encouraged to carefully review the available information and consider the risks associated with trading on an unregulated platform. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.
Conclusion
In conclusion, Alfa Success Corp is an unregulated broker with limited information available. While the company offers a range of market instruments and leverage options, the lack of regulatory oversight and transparency raises concerns about the safety and reliability of the broker. Reports of difficulties with withdrawals further highlight the potential risks involved. Traders are advised to exercise caution and thoroughly research and consider the risks before engaging with Alfa Success Corp or any unregulated broker. It is recommended to choose regulated and reputable brokers to ensure the security of funds and a reliable trading environment.
Frequently Asked Questions (FAQs)
Anto2921
Indonesia
My funds at Alfa Success Corp can't be withdrawn, please help, admin
Exposure
2023-01-16
ivantan888
Indonesia
I have 3 account, but now I can't widrawal for my deposit
Exposure
2022-05-17
One Lia
Indonesia
Good morning Sir/Madam... Please help me. I started withdrawing funds on March 7, 2022 The status is still UNPAID and PENDING user id : 1. onelia (Mt4: 39013616) 2. liaone (Mt4: 39054245) 3. muswan (Mt4: 39124599 ) 4. dibarbardi15 (Mt4: 39095522) 5. bardidibar15 (Mt4: 39093179) We sincerely ask for your help to withdraw... Thank you...[d83d][de4f][d83d][de4f][d83d][de4f]
Exposure
2022-04-15
FX1463110981
Indonesia
Deposit 5200 US$, need to widrawl of total equity and balance 5363.45 US$, the widrawl was rejected and now the alfa succes broker was run and the site are not a'cessible
Exposure
2022-04-12
FX1463110981
Indonesia
The account is 39078573. The deposit is 5200 dollars and asset is 5363 dollars. I cannot withdraw.
Exposure
2022-04-12
One Lia
Indonesia
Afternoon Sir/Madam... Please help me. My WD starting from March 7, 2022, the status is still UNPAID and PENDING user id : 1. onelia (Mt4: 39013616) 2. liaone (Mt4: 39054245) 3. muswan (Mt4: 39124599) 4. dibarbardi15 (Mt4: 39095522) 5. bardidibar15 (Mt4: 39093179) We sincerely ask for your help to be disbursed... Thank you...[d83d][de4f][d83d][de4f][d83d][de4f]
Exposure
2022-04-07
osep
Indonesia
Want to withdraw and it is in pending status. Unable to withdraw fund.
Exposure
2022-04-07
FX1271236818
Indonesia
The alpha success corp website can't be opened, while my funds are still at the alpha success corp broker. Can anyone help me?
Exposure
2022-04-05
FX4749186372
Indonesia
I cannot withdraw my balance from my MT4 account. what can i do??? 😢😢
Exposure
2022-03-29
FX3127451938
Indonesia
Starting from the cooperation with pt dna pro academy as a trading robot provider with broker alpha success corp, after that we can no longer access the website. After 30 days, the website finally can be opened, but the withdrawal process is not work and status remains UNPAID only.
Exposure
2022-03-28
Hanry Lewis
Indonesia
Why can't members withdraw normally as usual, and are the funds stored at the broker safe and when can normal withdrawals start as before? thanks
Exposure
2022-03-23
FX4124389073
Indonesia
a scam occurred in DNA digital net assets brokered by alpha success corp and my money at the broker was $4,875.98. Please help with withdrawal of funds at the broker
Exposure
2022-04-28
FX1457705164
Indonesia
Cannot withdraw
Exposure
2022-02-02
Stoneville
Indonesia
This transaction in the account history was recorded at 11:12 (1 minute earlier), and the entry price was at 1754.96. Meanwhile, if we look at the candle at 11:13 minutes (red circle), the highest High is 1754.52. But miraculously this DNA Pro robot can enter at a price of 1754.96 (yellow horizontal line). So when this transaction is entered, the position has immediately made a profit of 4 pips. its definitely scam. potentially ponzi scheme
Exposure
2021-10-19
FX2046354843
Philippines
Alfa Success Corp is a scam traders please be on the lookout they never approve the request for my withdrawal. even the managers said he will not process my withdrawal if i dont trade with them. The manager was also ascammer.
Exposure
2021-09-19
FX2815381598
Nigeria
i started working with alpha succes corp for sometime before i invested about 33,000,10,000 and 2000 into it up till this moment have not been able to withdraw my money i was promised N100,000 but up till now i have seen nothing i even introduced a lot of family members to it but we were all scammed its so painful
Exposure
2021-09-11
FX1824328989
Nigeria
First when I started trading with them everything was going well and they keep encouraging me to increase my trading capital of which I did. But not knowing to me they were actually leading me to hell and I don't know. As at when I crossed $1,000+ first I was unable to withdraw, I complained to their customer care service not was done but they encouraging me to continuing trading, 2 weeks later I got blocked and I have no access to my account again that is how I lost my money😭😭😭
Exposure
2021-09-10
FX3028049359
Philippines
My dad had invested 2000USD and until today they refuse my withdrawal. The broker Tom Michel refuse to withdraw unless another 5000 USD is added into the account. Now my dad has the total of 7504USD. This is total scam company. many times we tried to call but nobody answer or line disconnected. How should I solve this problem?
Exposure
2021-09-10
FX5479266562
Taiwan
Stay away and beware of this scammer.
Exposure
2021-09-09
johnmarley778
Nigeria
Deposited funds into my account, it didn't reflect and wasn't refunded to my account.....I believe the broker received it, This is highly unlikely. Please stay away from this platform, it will do you no good
Exposure
2021-09-09
Samuel Oluwaseyi Paul013
Nigeria
My partner introduced me to this App. He told me they can be trusted, so that makes me invested in this app without hesitating but unfortunately I was scammed and I was unable to retrieve my money back, they are not replying my messages, pls avoid be scam!!!
Exposure
2021-09-06
terongbiru
Malaysia
after i received a receipt from this company, i was waiting for almost a year to get my money back.. they keep cheating me until now. i want to take a legal action for this.
Exposure
2021-09-06
Mira Omaa
Nigeria
THIS COMPANY SCAMMED ME OVER $300.WITH THEIR PROMISE OF TRADING RETURN.I MADE DEPOSITS AND INTRODUCED SOMEONE ONLY FIR TGEM TO DISAPPAIR WITH OUR HARD EARN MONEY.OTHERS ALSO CONFIRMED THIS PATHETIC CRUELTY. PLS RUN FROM THEIR SWEET SUGER COATED TONGUE.
Exposure
2021-09-05