www.fxalta.com has been flagged by AMF (France) for "Unauthorised". Category: Forex This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.fxalta.com.
www.fxalta.com offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Multi-device support|Competitive fees|Portfolio tracking tools|Intuitive for beginners
Cons: Minor UI glitches occasionally|Would like more payment methods
The reporting at www.fxalta.com is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: No hidden fees|Social trading features
Cons: Search feature is basic
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. www.fxalta.com said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Transparent fees|Dedicated account manager|Tax reports included
Cons: No fractional shares|Account statements could be more detailed
www.fxalta.com had an outage that lasted several hours during a major market event. Not only did they fail to prevent it, but they also failed to communicate what was happening. We were left in the dark while our investments were at risk.
Pros: Regular updates|Reliable uptime
Cons: Minimum deposit could be lower|No integrated tax optimization
I signed up with www.fxalta.com after seeing their ad online and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: Helpful community forum|Multi-currency support|Good analytical tools
Cons: Minor UI glitches occasionally