Reported as a scam / unregulated
Why Altex Group is on the register
Altex Group claims to be owned by Altex ALX Trade, is a reliable broker incorporated in Marshall Islands with registration number 111364, which offers a range of investment products to traders, including Cryptocurrencies, Stocks, ETFs, Metals, Securities, Currencies and more instruments for trading in global markets. Upon investigation, we found that Altex ALX Trade LTD is registered with the INTERNATIONAL REGISTRIES, INC. (IRI) in Marshall Islands, an International Business Companies Registry that doesn’t license forex trading brokerage activities. The truth is that Altex Group is not regulated by any regulators. Letting it hold or control investors’money is unsafe, and the money can not be protected by any laws. Altex Group is a scam.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.