FxAlta Review – Is Fxalta.com a Legit Broker To Trade With?

Is FxAlta a Regulated Broker?

FxAlta claims that it has a license from MISA. This is a lower-tier, offshore regulator that’s not as reliable as Tier 1 regulatory agencies. Checking their database did not yield any information about this broker. After researching Tier 1 regulators databases, we lost all hope for this broker. Some of them are FCA and BaFin.

As you can see that this broker is not a good investment after we have done the research on their license. The funds are not protected. Imagine if the broker advertised some security measures. That would still be questionable.

Warning Issued by Financial Authorities

A warning by the regulator is another key aspect of this company. Italian traders were on the radar. Italian CONSOB then investigated the broker and issued an official warning.

They discovered that Moritz Ltd was one of the owners in April 2023.

Every day new scam brokers and trading bots appear on the web with only one goal – to steal your money. We have already exposed some of them, for example – Elland Road Capital, UltraPrimeFX, Ferrum LTD.

FxAlta Accounts

A welcome bonus is another shady aspect of the FxAlta brokerage. You can receive additional bonus money by choosing the right account type. These bonuses are usually accompanied by malicious clauses.

FxAlta offers the following types of accounts:

• Standard
• Premium
• Platinum
• VIP

But none of them has transparent trading conditions. Commissions and fees are not included. A leverage of 1:200 is also in violation of most regulations. Particularly European ones. EU regulators have limited leverage to 1:30. It can be dangerous to invest without some protection.

FxAlta Trading Assets

The trading instruments offered by this broker are not anything special. There is nothing that you cannot find at a regulated broker. They have six categories of instruments. It is important to note that they do not include popular crypto.

You can also trade with:

• Currency pairs (Forex): GBP/AUD, USD/HKD, EUR/SGD;
• Commodities: crude oil, natural gas, palladium;
• Indices: S&P 500, DAX 30, FTSE 100;
• Shares: General Motors, Aurora Cannabis, Goldman Sachs;
• Bonds: QQQ, Russell 2000;
• ETPs.

Choose only trustworthy and reliable brokers. You can read about the best ones in our article Best online brokers in 2023.

FxAlta: Video

You can also write a comment under the video on our YouTube channel to tell other traders about your experience. But if you’ve already been a victim, contact us for a free consultation by filling out the form at the top of the page.
Below you will find a short video about FxAlta. Watch it so you don’t miss anything important. In a few minutes you’ll learn the whole truth about FxAlta!