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The WikiFX Score of this broker is reduced because of too many complaints!

Alfa Success Corp

The Virgin Islands|2-5 years|
White label MT4|Regional Brokers|United States Common Financial Service License Unauthorized|Suspicious Overrun|High potential risk|

https://www.ascfm.com/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

White Label

2
Server Name
AlfaSuccessCorp-Demo MT4
Server Location Canada

Contact

support@ascfm.com
https://www.ascfm.com/
Road Town, Tortola, British Virgin Islands
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Disclosure

Danger

ID BAPPEBTI
2022-02-02

Contact number

Broker Information

More

Company Name

Alfa Success Corp.

Company Abbreviation

Alfa Success Corp

Platform registered country and region

The Virgin Islands

Company website

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 4
Previous Detection : 2024-06-22
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 28 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • United StatesNFA (license number: 0536886) The regulatory status is abnormal, the official regulatory status is Unauthorized. Please be aware of the risk!
  • This broker exceeds the business scope regulated by United States NFA(license number: 0536886)National Futures Association-UNFX Non-Forex License. Please be aware of the risk!

WikiFX Verification

Alfa Success Corp · WikiFX Survey

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Expose

    Alfa Success Corp · Company Summary

    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

    Alfa Success Corp Review Summary in 10 Points
    Founded 2021
    Registered Country/Region The Virgin Islands
    Regulation NFA (unauthorized)
    Market Instruments Stocks, Currencies, Indices, and Commodities (CFDs)
    Demo Account N/A
    Leverage 1:500
    EUR/USD Spread 2.9 pips
    Trading Platforms MT4
    Minimum deposit $100
    Customer Support email

    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

    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.

    Pros Cons
    • Wide range of trading instruments • Unauthorized NFA license
    • Demo accounts available • Unavailable website
    • MT4 supported • Reports of withdrawal issues
    • Limited account types
    • Wide spreads
    • Only email support

    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:

    Broker EUR/USD Spread (pips) Commissions (per lot)
    Alfa Success Corp 2.9 Not specified
    FOREX TB 1.4 No
    Markets.com 0.6 No
    TeleTrade 1.5 No

    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.

    demo MT4

    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:

    Broker Trading Platforms
    Alfa Success Corp MetaTrader 4 (MT4)
    FOREX TB MetaTrader 4 (MT4), WebTrader
    Markets.com MetaTrader 4 (MT4), MetaTrader 5 (MT5)
    TeleTrade MetaTrader 4 (MT4)

    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

    Alfa Success Corp Most other
    Minimum Deposit $100 $100

    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.

    Pros Cons
    • Openly revealed company address • Limited customer support channels (only email)
    • No 24/7 support
    • No live chat or phone support

    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.

    User Exposure on WikiFX

    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)

    Q 1: Is Alfa Success Corp regulated?
    A 1: No. Alfa Success Corp National Futures Association (NFA, License No. 0536886) license is unauthorized.
    Q 2: Does Alfa Success Corp offer the industry leading MT4 & MT5?
    A 2: Yes. It supports MT4.
    Q 3: What is the minimum deposit for Alfa Success Corp?
    A 3: The minimum initial deposit to open an account is $100.
    Q 4: Is Alfa Success Corp a good broker for beginners?
    A 4: No. It is not a good choice for beginners. Not only because of its unregulated condition, but also because of its inaccessible website and high minimum deposit requirement.

    News

    Is Alfa Success Corp a reliable broker?

    NewsIs Alfa Success Corp a reliable broker?

    2022-03-30 16:16

    Alfa Success Corp is an online forex and CFDs brokerage company offering financial services to its clients. But is Alfa Success Corp really trustworthy? Is Alfa Success Corp a scam? Those are important questions that many traders are eager to know the answer to. Therefore, WikiFX made a comprehension review on this broker to help you better understand the truth, we will analyze the reliability of this broker from specific information, regulation, exposure and etc. And you should never miss it.

    WikiFX
    2022-03-30 16:16
    News
    Is Alfa Success Corp a reliable broker?

    User Reviews

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    4

    Comments

    Write a review

    lan9352
    more than one year
    What happens now? Well, now they're draining my account so I can not get any of the money back. How the hell can a company get employees to work this way? The answer must be that they too are unscrupulous. To Alfa Success Corp representatives, I have only one thing to write: Shame !!!!!!
    2023-02-20 14:53
    Reply
    0
    0
    景雄
    more than one year
    Gosh, Alfa Success Group has scammed so many people. I didn’t know its bad reputation if I had not seen so many negative reviews. They dare to contact me so crazily? !
    2023-02-16 18:30
    Reply
    0
    0
    Anto2921
    more than one year
    can my funds be returned again
    2023-01-16 09:34
    Reply
    0
    0
    FX1188641415
    more than one year
    This scam company has absconded with money. I saw dozens of victims on wikifx, and there may be more... Hope they can recover the funds and the scammers will be brought to justice soon!
    2022-12-20 10:49
    Reply
    1
    0
    29
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