WikiFX

Sagot

From my experience as a forex trader, and after carefully researching the background and current regulatory status of Alfa Capital, I have to note that there is a high level of risk associated with this broker. Its financial licenses from both the Cyprus Securities and Exchange Commission (CySEC) and the Financial Conduct Authority (FCA) have been revoked, which for me immediately raises significant caution about trusting any personal or financial documentation to them. Ordinarily, regulated brokers require standard documents for a first withdrawal, such as a government-issued ID (passport or driver’s license), proof of address (like a recent utility bill or bank statement), and sometimes a copy of the card or payment method used for deposit, all to comply with anti-money laundering policies. However, in Alfa Capital’s case, there is limited clear information available regarding their withdrawal process or what documents are specifically required. That lack of transparency combined with the revoked regulatory status makes me extremely hesitant to proceed, as proper documentation policies are closely linked to the trustworthiness of a broker. Personally, I would not risk providing sensitive personal documents to Alfa Capital until—and unless—there is tangible proof of robust regulation and clear, transparent client protection measures in place. Exercising caution is paramount for any financial process, especially withdrawals.