How's Alice Markets? Is it regulated?

https://alicemarkets.com/

Dear Investor,

Alice Markets claims to be registered in Saint Lucia and to maintain an office address in the United Arab Emirates.

First, we were unable to locate a company named Alice Markets Limited in the Saint Lucia International Financial Centre (IFC) registry. Moreover, this registration actually only confers International Business Company (IBC) status, not a financial services or forex trading license. Saint Lucia has no regulatory authority overseeing forex activities, so this IBC registration provides no investor protection or regulatory legitimacy.

Second, Alice Markets asserts it is regulated by the “Security and Commodities Authorities (SCA) in BVI” under license number SIBA/Q/31/2408. However, the correct regulatory body in the British Virgin Islands (BVI) should be the BVI Financial Services Commission (BVI FSC)—not “SCA,” which is actually the acronym for the Securities and Commodities Authority of the UAE. Besides, while the license number format does resemble that used by the BVI FSC, our search of the official BVI FSC register found no record of Alice Markets Limited or any entity holding license number SIBA/Q/31/2408.

These inconsistencies strongly suggest that Alice Markets is falsely claiming regulatory oversight. Given these reg flags, we assess Alice Markets as highly likely to be a scam operation.

We strongly advise you to avoid any trading activities with Alice Markets to protect yourself from potential loss of funds.