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From my direct evaluation and trading experience, Alfa Capital is currently not overseen by any recognized regulatory body. Although it was previously licensed by both the Cyprus Securities and Exchange Commission (CySEC) and the UK’s Financial Conduct Authority (FCA), both licenses have been revoked. To me, this is a very significant red flag. The absence of active, credible regulatory oversight means there’s no independent authority ensuring client protection, operational standards, or dispute resolution for traders like myself. In the forex industry, regulatory status is crucial—it establishes basic trust and transparency, particularly when it comes to handling client funds and compliance with anti-fraud measures. When a broker loses its licenses with respected authorities—especially in jurisdictions such as Cyprus or the UK—it usually indicates either a failure to meet regulatory requirements or voluntary withdrawal from oversight, both of which are concerning for an active trader. Personally, I would not consider committing funds to an entity that currently lacks any form of legitimate, active supervision. For me, trading with a non-regulated broker introduces unnecessary risks that are simply not worth taking.