FSASeychellesTier 3Licence number
SD194
View licence record- Licence holder
- Held by Altum
- Licence type and regime
- Dealing in securities
- Offshore
Found on registerChecked
At a glance
Regulation on record for Altum
Counts of what is on record, not a rating. Each figure describes the register entries Wikilix holds and the checks it has run against them.
- Licences on record
- 1
- Issuing authorities
- 1
- From tier-1 or tier-2 authorities
- 0
- Found on an official register
- 1
Altum has one licence on record with Wikilix, issued by one authority across one jurisdiction. None was issued by a tier-1 or tier-2 authority. We located 1 of 1 on the issuing authority’s own register.
One licence comes from an authority classed as offshore. An offshore regime can be a legitimate registration, but it typically carries lower capital requirements and no compensation scheme.
Issuing authorities
Jurisdictions
Licence record
Licences on record
Every licence on record for Altum, strongest authority first.
1 record
- FSASeychellesTier 3
Check it yourself
Look these up on the official registers
Each authority below publishes a register you can search. The name a register prints is often a separate legal entity, not the trading brand — search for the name given here.
- FSA registerOpen register
Protection
What this licence protects
FSA's own rules for the firms it authorises.
- No compensation scheme
- Complaints routeFSA Enquiries
- Maximum leverage1:1000
Frequently Asked Questions
Questions about the licences held by Altum
Answered from the register entries on this page.
Most Popular Questions
No list of accepted or restricted countries could be confirmed for this review. A Seychelles licence does not authorise business in most onshore markets, so if you live in a jurisdiction with its own regulator, you would be trading with an unsupervised counterparty and outside your local complaint and compensation system.
More than 100 instruments spanning FX pairs, indices, cryptocurrencies, commodities and stock CFDs. Exact per-class counts, contract sizes and swap rates are not published, so check the instrument specification inside the platform before trading.
No swap-free account is documented for any of the five tiers. If you need one, get written confirmation from support before opening an account.
By email at support@altumbrokers.com and by telephone on +44 20 36775454. Note that the phone number is a United Kingdom line while the licensed company sits in the Seychelles; a UK number does not mean UK regulation or a UK legal remedy. Live chat hours, support languages beyond English and a complaints address are not published.
The brand has an operating history in the range of roughly two to five years. No precise founding date is documented, and because the operating company could not be found on a public register, the age claim could not be corroborated against an incorporation record.
No investor compensation scheme covers this licence, and no client-money insurance or negative-balance protection is documented. If the company failed, recovering a deposit would mean pursuing a Seychelles company, which is slow, expensive and rarely successful for a retail client. Never deposit more than you can afford to lose entirely.
There is no evidence of a fabricated licence, a cloned identity or a regulator warning. The licence number, the licensed entity and the brand are consistent with one another. What is missing is protection rather than proof of fraud: an offshore licence with no compensation scheme, no public confirmation of the operating company, undisclosed funding terms and a documented client complaint about being unable to close a position during a fast market. Our assessment is high risk and only partly verifiable, not confirmed fraud.
No processing time is published. E-wallet withdrawals at brokers of this type typically clear within hours and bank transfers within a few business days, but Altum states nothing, so treat any timeframe you are given verbally as unconfirmed and test with a small withdrawal first.
Bank transfer, Skrill and Neteller are the named channels, and each works in both directions. Fees, minimum and maximum amounts and processing times are not disclosed, so ask support in writing for the fee schedule before funding an account.
Two pricing models. The commission-free tiers (SHIELD, Cent, PRO) quote spreads from 1.0 pips. The raw-spread tiers quote from 0.0 pips with a commission: $2.50 per lot per side on EDGE and $1.50 per lot per side on APEX. Spreads are variable, so the quoted floor is a best case, not an average.
MetaTrader 4 and MetaTrader 5. MetaTrader 4 runs under a full server licence with two servers, one of them hosted in Germany, and a MetaTrader 5 server is also operated. Both platforms are available on Windows, web and mobile in their standard builds. Direct download links are not published in a form this review could confirm.
Up to 1:2000 on the Cent, EDGE and PRO accounts, 1:1000 on APEX and 1:500 on SHIELD. Leverage at that level is not permitted by any onshore regulator; it can wipe out an account on a small adverse move, so position sizing matters far more than the headline number.
The lowest published entry point is $5, which applies to the Cent, EDGE and PRO accounts. The SHIELD account starts at $250 and the APEX account requires $10,000.
The operating legal entity is ALTUM Ltd, incorporated in the Seychelles with a registered address at House of Francis, Unit 1, Ground Floor, Ile Du Port, Mahé, Seychelles. The same name appears on the licence record. No public Seychelles corporate register entry could be opened, so the company number, incorporation date and ownership behind ALTUM Ltd remain unconfirmed.
Altum has one licence record with Wikilix, issued by one authority across one jurisdiction. A licence on record means an authority published an entry; it is not an endorsement, and Wikilix does not issue authorisations.
Altum holds licence records issued by FSA. Each authority’s own record — its tier, jurisdiction and client-protection rules — is linked from this page.
None of the licence records held by Altum comes from a tier-1 or tier-2 authority.
We located 1 of the 1 licence records held by Altum on the issuing authority’s own register. Every entry has been looked up. An unchecked entry is a gap in our coverage, not a finding against the licence.
Altum has licence records in Seychelles. A licence applies in the jurisdiction that issued it; it does not by itself cover clients elsewhere.