UK Alpha Fund

After reviewing UK Alpha Fund, we assess it as a high-risk, likely fraudulent broker. Below we break down exactly why, and what your options are if you have already deposited.

Who is UK Alpha Fund?

On the surface, UK Alpha Fund looks like an ordinary forex and crypto broker. Its public site is presented at https://ukalphafund.com. But surface impressions are exactly what these operations rely on — the substance behind UK Alpha Fund is where the problems begin.

Is UK Alpha Fund regulated?

We could find no evidence that UK Alpha Fund holds a valid licence from any recognised financial regulator. Trading client funds without authorisation is one of the strongest indicators of a scam — there is no regulator to complain to, and no protection for your money.

Red flags we identified

• Opaque or anonymous corporate ownership
• Aggressive “account managers” coaching clients to deposit
• Account dashboards that show “gains” with no real market exposure
• Withdrawals reportedly blocked behind “taxes,” “fees” or account “upgrades”
• Unrealistic profit claims and pressure to deposit more

Our analysis

UK Alpha Fund claims to be an authorised broker regulated by the United Kingdom Financial Conduct Authority (FCA) with reference number: 638902. However, we searched FCA and found no matching result. That means UK Alpha Fund is not authorised to provide financial services. Not regulated by any regulators, letting this broker hold or control customers' money is unsafe and the money can not be protected by any law. Therefore, it is a scam.

Can you recover money lost to UK Alpha Fund?

If you have deposited with UK Alpha Fund, do not pay any further “fees” to withdraw — that is part of the trap. Funds sent to operations like this can sometimes be traced on-chain and pursued through the exchanges and processors that received them. Whether recovery is realistic depends on how you paid and how quickly you act.