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

ALANFX

United Kingdom|2-5 years|
Regulated in United Kingdom|Suspicious Regulatory License|White label MT5|Regional Brokers|United Kingdom Appointed Representative(AR) Revoked|Suspicious Overrun|High potential risk|

http://www.alanbinks.net/en/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

White Label

2
Server Name
AlanGlobalBinks-LIVE MT5
Server Location France

Contact

+0044 (20) 80897166
service@alanbinks.com
http://www.alanbinks.net/en/
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

Contact number

English

+0044 (20) 80897166

Broker Information

More

Company Name

Alan Global Binks Limited

Company Abbreviation

ALANFX

Platform registered country and region

United Kingdom

Company website

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 7
Previous Detection : 2024-04-20
  • 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 30 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

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Pyramid scheme complaint
Expose
Resolved

Unable to withdraw

My account was 805331. I withdrew $10103.83 on September 7 and $722.4 on September 16, which did not arrive at my account. The customer service did not solve it. Please help.

2021-09-16 22:26
Unable to Withdraw

It showed on the that my money was successfully withdrawn, but I haven't received it for more than 20 days.

In May 2021, I transferred 20,000 USD to the third-party personal account designated byplatform(Website:http://account.alanglobalbink.net/)through the Ant Jiahui Technology Group Co., Ltd. The foreign exchange trading is carried out by the Ant Jiahui, and both parties share the profits on the 1st of each month.Since I can't withdraw my money smoothly in August, I applied for withdrawl on September 1st, and it showed successfully withdrawn the next day, but more than 20 days passed, I still haven't received my money. The reason they said is that the foreign exchange policy of the host country is restricted so the funds are frozen. Initially, I contact the customer service of this platform, and they told me they were solving this problem, but they didn't told me when it can be resolved, and after I kept asking, they said it can be settled in 5 business day after October 1. But they suddenly dismissed 95% of its employees, and all the senior managers seemed to disappear. The withdrawl probblem had not been solved in September 20. Therefore, I can't trust the platform any more, I would like to defend my rights through this platform. Thank you very much! Looking forward to your reply!

2021-09-21 14:58

    ALANFX · Company Summary

    General Information & Regulation

    ALANFX was established in 2009, headquartered in London, the UK, and is a global provider of professional financial services. With the continuous expansion of the business, the ALANFX network has now covered Australia, the United Kingdom, Japan, New Zealand, and other places. In 2018, the ALANFX group reorganized its business structure, further optimized the business platform. It continued to expand overseas markets for product services more focused on the continued development and diversification of forex, providing intelligent online trading and real-time quotation system, and the latest global market information. ALANFX Group currently holds a money-broking business license from the Transactions and Reports Analysis Centre of Canada (license number: M20577865), an authorized representative license (license number: 001284918) from the Australian Securities and Investment Commission, and a general financial license from the National Futures Association of the United States (License No. 0529684).

    Market Instruments

    Tradable financial instruments that traders can trade online with ALANFX include forex instruments, spot gold, spot silver, crude oil, as well as CFDs. ALANFX requires no minimum deposit for opening an a live account.

    Minimum Deposit

    ALANFX provides investors with three account types: Standard, Pro, and Premium. The different account tiers offer different spreads and different capabilities.

    Leverage

    In terms of trading leverage, forex trading can use the leverage level of up to 1:100, indices CFDs with the leverage of 1:100. New traders are advised to get away from the high leverage, as it may magnify returns but also risks.

    Spreads & Commissions

    The spreads on the ALANFX trading platform are 0.9 pips for EURUSD, 1.5 pips for GBPUSD, 1.6 pips for AUDUSD, 1.3 pips for EURGBP, 1.5 pips for USDCAD, 1.9 pips for AUDJPY, 5 pips for HKDCHN, and 20 pips for USCHN.

    Trading Platform

    ALANFX offers traders the MT5 trading platform with advanced charting analysis, the ability to trade with one click, and a mobile stop-loss feature for PC and mobile versions.

    Deposit & Withdrawal

    Generally, ALANFX does not charge any fees for withdrawals and deposits, and forex traders can use UnionPay debit cards to make deposits. Withdrawals are in CNY and take 1 to 2 business days to arrive.

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