Risk scorecard
Each area is scored 0 (clean) to 10 (worst). Higher means more risk.
Regulation
8/10 · CriticalOnly ever held a Mwali (MISA) registration, an authority the Central Bank of Comoros calls fictitious; that licence (T2023305) expired 16 June 2025, and a claimed Seychelles FSA licence is absent from that register. No tier 1 or tier 2 authorisation.
Identity & transparency
5/10 · ModerateThe operating entity (ALZAFX LTD, HY00623625) is real and matches the Mwali register including the alzafx.com domain, but there is no verifiable office, no named ownership, a UK WhatsApp inconsistent with a Comoros and Turkey operation, and the business is now offline.
Withdrawals & conduct
4/10 · ModerateNo withdrawal or fund access complaints surfaced on any platform, and no service complaints either. The score reflects that current fund access cannot be confirmed because the site is defunct, not a found pattern of theft.
Reputation
5/10 · ModerateNo reviews, complaints, or warning list entries exist anywhere, despite the site claiming millions of users and years of operation. For such claims, a total absence of footprint is itself a concern and prevents any positive verification.
Website claims
8/10 · CriticalAdvertised 'Since 2016' and '15 years of experience' while the company dates to 2023 and the website to mid-2024; presented the MISA licence as current for months after it expired; claimed implausible scale (657 billion dollars quarterly volume, 56 million users).
Operational history
7/10 · HighVerifiable operating history is about 2.3 years (domain from June 2024, entity from May 2023), far short of the advertised 'since 2016', and the operation is now defunct with a deregistered domain.
Who they are
A quick desk file on the company behind the brand.
A small offshore operation that ran a Turkish and Arabic language trading site before going dark.
- Brand: ALZA FX (ALZAFX), trading name ALZA FX Trade
- Legal entity: ALZAFX LTD, company number HY00623625
- Registered: Autonomous Island of Mwali (Mohéli), Comoros
- Website: alzafx.com (no longer online; the domain has been deregistered)
- Only licence: Mwali International Services Authority (MISA) registration T2023305, expired 16 June 2025
- Offers (when live): forex, CFDs, stocks and crypto through a browser WebTrader
- Not accepted: European Economic Area, United States, Canada (per its own terms)
- Age claim: advertised 'Since 2016' and '15 years of experience'; the company was incorporated in 2023 and the website first appeared in mid-2024
Regulation
Who really oversees this broker, and what each licence is worth to you.
Proof of regulation on an official register: No
We could not confirm this broker on any genuine regulator’s register.
Licences the broker publishes
Mwali International Services Authority (MISA), Mohéli, Comoros
Found by our investigation (2) — the broker does not list these on its own site
Financial Services Authority (FSA), Seychelles
Found by us — not listed by the broker
Mwali International Services Authority (MISA), Mohéli, Comoros
Found by us — not listed by the broker
Why we reached this verdict
How the evidence adds up.
We rate ALZA FX high risk and unverified. The published figure of 65% reflects a young operation that has now gone offline, not a proven theft, but we did find clear red flags.
- Its only licence was a MISA registration. The Central Bank of Comoros has publicly called MISA a fictitious entity with no authority to license financial firms, so this gave clients no real protection even while it was valid.
- That licence, T2023305, expired on 16 June 2025. The website continued to present it as current into February 2026.
- The site claimed to have operated 'since 2016' with '15 years of experience', yet the company was incorporated in 2023 and the website first appeared in mid-2024. Its own footer copyright reads 2023.
- A Seychelles FSA licence recorded for this broker (SD034/SDX038) does not appear on the Seychelles regulator's securities dealer register.
- The site advertised implausible scale (around 657 billion dollars in quarterly volume and more than 56 million users) with no matching footprint anywhere on the public internet.
- alzafx.com no longer resolves and has not served a working site since mid-2026. An operation that took deposits and then disappeared cannot be shown to have returned client money.
- We assess the risk of fraud as high, although no regulator has published a warning and no court record names this entity.
Evidence ledger
Every finding, with its source and how strongly it points.
E1The Mwali (MISA) register ties licence T2023305 to ALZAFX LTD (company HY00623625) and to alzafx.com, with a licence end date of 16 June 2025, so the sole licence has expired.
E2An archived copy of the homepage from September 2025 still presents MISA licence T2023305 as current, three months after it expired; the site remained live into February 2026.
E3The site advertised trading 'since 2016' and '15 years of experience' while the entity was incorporated in 2023 and its own footer copyright reads 2023.
E4No ALZAFX entity appears on the FSA Seychelles securities dealer register, so the Seychelles licence recorded for this broker (SD034/SDX038) is not substantiated.
E5The Central Bank of Comoros has publicly stated that the Mwali International Services Authority is a fictitious entity with no authority to issue financial licences, so a MISA registration offers no real protection.
E6The site advertised implausible scale for a small offshore shell (around 657 billion dollars in quarterly volume and more than 56 million verified users) with no matching public footprint.
ModerateArchived ALZA FX homepageE7By mid-2026 alzafx.com served only a parking page, and the domain has since been deregistered and no longer resolves, so the operation is offline.
ModerateArchived alzafx.com parking pageE8The earliest TLS certificate for alzafx.com dates to 7 June 2024, matching the earliest archive snapshot, so the trading site went live about mid-2024, contradicting the 'since 2016' claim.
ModerateCertificate transparency logs
The other side
The strongest case in this broker’s favour.
In fairness, here is the case for a more benign reading.
- The MISA licence was genuinely the broker's own. The Mwali register ties licence T2023305 to ALZAFX LTD and to alzafx.com, so this was not a clone wearing another firm's credentials.
- We found no withdrawal refusal complaints, no reports of a fee demanded to release funds, and no regulator warning naming the brand or the domain.
- A small offshore site going offline can simply mean the business wound down rather than ran off with deposits. We have no victim reports either way.
- Nothing we found suggests the company impersonated a well known brand. The name resembles the unrelated Czech retailer Alza, but that is a coincidence.
What would change this
What we would need to see to revise the verdict.
What would move this verdict in either direction.
- Toward safer: a current licence from a recognised regulator such as the FCA, ASIC or CySEC, held by the entity that takes client money and verifiable on that regulator's own register.
- Toward safer: a live, working website run by the same entity, with a record of paid withdrawals on independent platforms.
- Toward worse: a regulator warning naming alzafx.com or ALZAFX LTD.
- Toward worse: credible, specific reports of deposits taken and withdrawals refused, or a demand for an extra payment to release funds.
Check it yourself
Official registers and warning lists. Verify every claim first-hand.
MISA licence verification for ALZAFX LTD (T2023305)
Mwali registrar page showing the licence, the alzafx.com website, and the 16 June 2025 end date
MISA authorised brokerage companies list
Mwali register list; ALZAFX LTD appears once, under T2023305 only
FSA Seychelles capital markets register
Seychelles regulator register; no ALZAFX entity is listed as a securities dealer
Background on MISA (Mwali) licences
Explains the Central Bank of Comoros statement that MISA is a fictitious authority
Frequently asked questions
Quick answers about this broker’s safety.
Is ALZA FX a scam?
We cannot clear it. We rate ALZA FX high risk and unverified. Its website is offline, its only licence expired in June 2025, and it overstated its history. Do not deposit money with it.
Is ALZA FX a fraud?
No regulator has charged ALZA FX with fraud and we found no court record naming it. But it displayed an expired licence as current and claimed a history it did not have, so we assess the risk of fraud as high.
Is ALZA FX regulated?
Its only licence was a Mwali (MISA) registration, T2023305, which expired on 16 June 2025. The Central Bank of Comoros calls MISA a fictitious entity, so this was never meaningful regulation. It holds no top tier licence.
Can I withdraw my money from ALZA FX?
The website no longer works, which makes normal withdrawals impossible. If you hold a balance, put your request in writing and keep every record. There is no guarantee funds can be recovered.
Is my money safe with ALZA FX?
No. There is no recognised regulator standing behind it, no compensation scheme, and the site is offline. Client money has no protection.
Who owns ALZA FX?
The operator is ALZAFX LTD, a company registered in the Autonomous Island of Mwali (Mohéli), Comoros, number HY00623625. No individual owners are disclosed.
How old is ALZA FX really?
The company dates to 2023 and the website first appeared in mid-2024, so the real operating history is about two years. The site's claim of trading 'since 2016' is false.
What is a MISA or Mwali licence worth?
Very little. MISA is an autonomous island registrar, not a recognised financial supervisor, and the Central Bank of Comoros has disavowed it. A MISA number does not protect client deposits.
Did ALZA FX have a Seychelles licence?
A Seychelles FSA licence (SD034/SDX038) appears in records for this broker, but no ALZAFX entity is listed on the Seychelles securities dealer register, so that authorisation is not substantiated.
Is ALZA FX a clone of another company?
We found no sign that it impersonated a well known brand. Its licence and entity are its own. The name resembles unrelated firms such as the Czech retailer Alza, but that is a coincidence, not impersonation.
Why can I not open alzafx.com?
The domain has been deregistered and no longer resolves. From mid-2026 it showed only a parking page. The operation appears to be defunct.
What should I do if I was scammed by ALZA FX?
Collect your records, report the loss to your local financial regulator and police, and ask your bank or card provider about a chargeback. Avoid any service that asks for an upfront fee to recover funds.
Scan history
How this broker’s safety assessment has changed across scans.
What changed since October 1, 2026
- October 1, 2026CurrentHigh risk (unverified)65% risk
- October 1, 2026Likely scam79% risk
Past scans are archived snapshots kept for transparency and are not indexed by search engines.
What we recommend
The practical takeaway from everything above.
If you are considering ALZA FX, or already have money with it.
- Do not send new money. The website is offline and the only licence it ever held has expired.
- If you hold a balance, gather your records (deposit receipts, statements, messages) and request a withdrawal in writing.
- Be alert to recovery scams. No one can guarantee to get lost funds back for an upfront fee, and such offers are often a second fraud.
- Report any loss to your local financial regulator and police, and ask your bank or card provider about a possible chargeback.
- Prefer brokers licensed by a top tier regulator whose licence you can confirm on the regulator's own register.
This is an independent assessment of risk, not a legal ruling. Scores and verdicts follow the Wikilix broker-safety methodology and can change as new evidence appears. Review scores are treated with caution when a broker’s reviews look manipulated. Last reviewed October 1, 2026. If any detail here is out of date or incorrect, or you represent this broker, please contact us.
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