AlphaTick
AlphaTick claims to be a brand of AlphaTick (Pty) Ltd, presenting itself as an authorised Financial Services Provider (FSP) regulated by South Africa’s Financial Sector Conduct Authority (FSCA) under license number 52497. However, our verification reveals that no entity named AlphaTick (Pty) Ltd appears in the FSCA’s official register.
More alarmingly, the license number 52497 actually belongs to Ultima Markets (Pty) Ltd. There is no evidence of any legal or operational connection between Ultima Markets and AlphaTick. This strongly suggests that AlphaTick is falsely using another firm’s regulatory details to create a misleading impression of legitimacy and deceive investors.
Given this clear case of regulatory misrepresentation, AlphaTick is very likely to be a scam.
AlphaTick claims to be a brand of AlphaTick (Pty) Ltd, presenting itself as an authorised Financial Services Provider (FSP) regulated by South Africa’s Financial Sector Conduct Authority (FSCA) under license number 52497. However, our verification reveals that no entity named AlphaTick (Pty) Ltd appears in the FSCA’s official register. More alarmingly, the license number 52497 actually belongs to Ultima Markets (Pty) Ltd. There is no evidence of any legal or operational connection between Ultima Markets and AlphaTick. This strongly suggests that AlphaTick is falsely using another firm’s regulatory details to create a misleading impression of legitimacy and deceive investors. Given this clear case of regulatory misrepresentation, AlphaTick is very likely to be a scam.
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