Score
ALANFX
United Kingdom|5-10 years| http://www.alanbinks.net/en/
Website
Rating Index
Contact
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
United Kingdom
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Website
alanglobalbink.com
Server Location
Hong Kong
Website Domain Name
alanglobalbink.com
Server IP
143.92.58.7
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alanglobalbinks.com
Server Location
Hong Kong
Website Domain Name
alanglobalbinks.com
Server IP
43.225.159.211
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alanbinks.com
Server Location
United States
Website Domain Name
alanbinks.com
Server IP
50.63.202.49
Genealogy
VIP is not activated.Company Summary
Note: ALANFX's official website: http://www.alanbinks.net/en/ is currently inaccessible normally.
ALANFX Information
ALANFX, short for Alan Global Binks Limited, was founded in 2009 and headquartered in London, UK. Its network covers multiple places including Australia, the United Kingdom, Japan, New Zealand etc. Its business focus on forex, and extend to spot gold, spot silver, crude oil and CFDs.
It offers 3 tiered account types: Standard, Pro, and Premium accounts, all are free to open without any initial deposits requirements.
Moreover, the broker offers leverage up to 1:100 and spread ranging from 0.9 pips for EURUSD to 20 pips for USCHN. But both leverage and spread changes according to market conditions, traders should keep close eyes on the latest information.
In addition, 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 are free without additional charges and can be processed through UnionPay debit cards. Withdrawals are in CNY and take 1 to 2 business days to arrive.
You can contact the company at email: service@alanbinks.com and telephone +0044 (20) 80897166.
Notably, ALANFX currently holds three licenses from different authorities: a revoked license from the Financial Conduct Authority (No. 932239), a revoked licensefrom the Australian Securities and Investment Commission (No. 001284918), and an unauthorized license from the National Futures Association of the United States (No. 0529684). The status of the licenses raises significant concerns about the broker's legitimacy and credibility.
Is ALANFX Legit？
 | Financial Conduct Authority (FCA) |
| Current Status | Revoked |
| Regulated by | United Kingdom |
| License Type | Appointed Representative (AR) |
| License No. | 932239 |
| Licensed Institution | ALAN GLOBAL LIMITED |
 | Australia Securities & Investment Commission (ASIC) |
| Current Status | Revoked |
| Regulated by | Australia |
| License Type | Appointed Representative (AR) |
| License No. | 001284918 |
| Licensed Institution | ALAN BUSINESS CONSULTING PTY LTD |
 | National Futures Association (NFA) |
| Current Status | Unauthorized |
| Regulated by | United States |
| License Type | Common Financial Service License |
| License No. | 0529684 |
| Licensed Institution | ALAN GLOBAL BINKS LIMITED |
Downsides of ALANFX
Unavailable website: ALANFX's website cannot be opened currently, which makes traders without valid access to its services.
Regulatory concerns: The revoked FCA, ASIC and unauthorized NFA regulatory status of the ALANFX casting serious doubts on the broker's commitment to adhere to financial regulations.
Numerous reports of withdrawal issues on WikiFX: There are 34 exposures on WikiFX for this broker, most of them are withdrawal issues. This suggests that the broker might be deliberately obstructing traders to withdraw their profits and funds, indicating potential frauds.
Negative ALANFX Reviews on WikiFX
On WikiFX, “Exposure” is posted as a word of mouth received from users.
Traders are encouraged to review information and assess risks before trading on unregulated platforms. Please consult our platform for related details. Report fraudulent brokers in our Exposure section and our team will work to resolve any issues you encounter.
As of now, there are 34 pieces of ALANFX exposure in total. I will introduce 2 of them.
| Classification | Withdrawal issues |
| Date | 2021-10-16 |
| Post Country | Hong Kong |
An investor from Hong Kong reported that her withdrawal requests are not approved since Sep 10 and she never receive reply from the platform either.
| Classification | Withdrawal issues |
| Date | 2021-10-02 |
| Post Country | Malaysia |
A Malaysian trader said customer service of ALANFX did not allow her to withdraw her money even though she completed the required volume of transactions. They asked her to retrade after clicking the customer service button and disappeared.
Conclusion
In conclusion, though the company offers a wide range of financial instruments, tiered accounts for varying experience levels, zero fees for account opening/ deposit/ withdrawal, and the reputable MT5 trading platfrom, the downsides overwhelm pros, making it a less preferable choice for traders. Its revoked FCA, ASIC and unauthorized NFA regulatory status, inaccessible website and a large number of exposures to withdrawal difficulties raise questions about its legality, reliability and credibility.
All these factors imply that ALANFX might be a scam broker that you will lose all your funds trading with them since you cannot withdraw. Therefore, choosing well-regulated alternatives with reputable track records is our heartfelt suggestion to you.
Keywords
- 5-10 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- United Kingdom Appointed Representative(AR) Revoked
- Australia Appointed Representative(AR) Revoked
- High potential risk
Review 34
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我是你的骄傲＆杨金红
Hong Kong
I could not open the website recently or withdraw my money. No one responded to me. I could not contact the customer service.
Exposure
2021-10-31
宋凰瑞（信用卡+POS机）各种贷款
Hong Kong
My withdrawal was not approved from September 10. The platform did not reply.
Exposure
2021-10-16
Andy5379
Hong Kong
I applied for withdrawal on September 1 but still did not receive it after 5 working days. Then I could not contact with the platform.
Exposure
2021-10-12
不吃香菜的小孩
Malaysia
I have completed the required volume of transactions, but the customer service did not allow me to withdraw my funds and informed me to re-trade after clicking the customer service button. More importantly, I can't contact the customer service.
Exposure
2021-10-02
李小银
Hong Kong
I've finished the trading volume as required, but the customer service didn't allow withdraw. The screen showed that the withdraw review failed and informed me to make transaction again after I clicked the customer service button. What's more, the customer service was out of each.
Exposure
2021-10-01
gustavo_fring
Malaysia
He offered an investment service, and it seems like his track record offers a very stable return. I was convinced to invest with him. He offered 5% per day and i deposited USD1000. What convinced me is that he said he'll put RM150 as deposit as well in order for me to gain his trust. Look at the attached pics of our convo, few days after i deposited, i tried to contact him but he kept avoiding me. and now he blocked me. i cant get a hold of him now
Exposure
2021-09-23
许莹
Hong Kong
The withdrawal delayed from September to October.
Exposure
2021-09-22
FX1152244881
Hong Kong
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!
Exposure
2021-09-21
许莹
Hong Kong
I did not receive my withdrawal from September.
Exposure
2021-09-20
剑锋5154
Hong Kong
I tried to withdraw on September 1 and 10 but failed.
Exposure
2021-09-20
FX5993253292
Hong Kong
In April, 2021, I deposited $100000 but failed to withdraw on September 1. The platform blocked my account and disappeared.
Exposure
2021-09-20
吕梅@北京
Hong Kong
I deposited $40,000 and wanted to withdraw on September 1. But it told me my account was blocked. The customer service said it would be solved after October 1.
Exposure
2021-09-19
linven90
Hong Kong
The customer service did not reply.
Exposure
2021-09-17
噜啦嘞
Hong Kong
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.
Exposure
2021-09-17
噜啦嘞
Hong Kong
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.
Exposure
2021-09-16
王 晶晶
Hong Kong
The withdrawal took more than 1 month and it was locked by the platform. What should I do?
Exposure
2021-09-16
孙启东？！
Hong Kong
I deposited on August 24 and 27 but my account did not receive it.
Exposure
2021-09-10
旭日71527
Hong Kong
The customer service did not reply.
Exposure
2021-09-08
Peter8410
Hong Kong
The customer service only replied once. The withdrawal took more than 48 hours.
Exposure
2021-08-25
彭珊珊
Hong Kong
The customer service asked me to upgrade vip membership in order to withdraw quickly. I did not believe it and was blocked by them. I could not contact with them.
Exposure
2021-08-06