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Score

1.46 /10
Danger

AltumFX

Seychelles

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://altumfx.com/en/home

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Score

Regulatory Index0.00

Business Index6.59

Risk Management Index0.00

Software Index4.00

License Index0.00

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Licenses

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

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40G

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Warning: Low score, please stay away! 3
Previous Detection : 2024-12-26
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The SeychellesFSA regulation (license number: SD019) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

AltumFX · Company summary

Note: AltumFX's official website: https://altumfx.com/ is currently inaccessible normal.

AltumFXReview Summary
Founded2024
Registered Country/RegionSeychelles
RegulationFSA (Suspicious Clone
Market InstrumentsForex, Cryptocurrencies, Commodities, Stocks, Indices
Demo Account/
LeverageUp to 1:500
SpreadFrom 1.8 pips
Trading PlatformMT5
Min Deposit$10
Customer SupportEmail: support@altumfx.com
Company Address: Suite C, Oion Mall Palm Street Mahe, Victoria Seychelles, 8421720 1

AltumFX is an online trading platform based in Seychelles that operates without proper regulation. This platform offers traditional market instruments like Forex, Cryptocurrencies, Commodities, Stocks, and Indices. In addition, AltumFX provides leverage up to 1:500 and spread from 1.8 pips. The available trading platform is the leading MT5 and the minimum deposit requirement to open a live account is $10.

AltumFX

Pros and Cons

ProsCons
Diverse trading assetsSuspicious clone FSA icense
Zero commissionUnfunctional website
MT5 availableUncompetitive spreads
Low minimum depositLimited payment options
Only email support

Is AltumFX Legit?

No, AltumFX operates with a suspicious clone license, which makes it risky to trade on this platform.

Regulated CountryRegulated AuthorityCurrent Status Regulated EntityLicense TypeLicense No.
Seychelles
The Seychelles Financial Services Authority (FSA)Suspicious CloneGT Global LtdRetail Forex LicenseSD019
Suspicious Clone FSA licens

What Can I Trade on AltumFX?

Trading AssetAvailable
forex✔
commodities✔
indices✔
stocks ✔
cryptocurrencies✔
bonds❌
options❌
ETFs❌

Trading Platform

Trading PlatformSupported Available Devices Suitable for
MT5✔Desktop, Mobile, WebExperienced traders
MT4❌Desktop, Mobile, WebBeginners

Deposit and Withdrawal

AltumFX accepts payments via wire transfers, cryptocurrencies, and Skrill.

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Big fish
more than one year
I took some trades they were simultaneous buys and sells of the same instrument. As my account was going into a loss of 60% my account. The broker decided to close my open orders and reversed the loss bringing my account back into the initial deposited amount.
I took some trades they were simultaneous buys and sells of the same instrument. As my account was going into a loss of 60% my account. The broker decided to close my open orders and reversed the loss bringing my account back into the initial deposited amount.
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2023-03-06 11:51
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