Alternatively Exchange Review – Missing Details Making a Difference.
Alternatively Exchange company presents itself as Australian-based. On top of that, they claim to have more than 850K clients in less than 4 years of existence. Thus, WHOIS says that the domain is registered in 2022.
On top of that, the company is not ranked anywhere on CoinMarketCap. Practically, it’s a non-registered entity. But the worst thing out of all is that from 850K clients, none of them left any reviews. Isn’t that strange?
|Regulated By:||No Regulations|
|Is This Company Safe?||No|
|Have Warnings From:||N/A|
|Registered In:||Australia (allegedly)|
|Trading Platforms:||Proprietary platform|
|Deposit Bonus:||Not available|
|Free Demo Account:||Not Available|
|How To Withdraw From This Company?||
After A Warning And Numerous Negative Reviews, You Know That The Only Way To Get Money Out Is With Professional Assistance. This Company Won’t Let You Get Your Money Back. Contact Us To Start The Process Today!
Legal Info: Is Alternatively Exchange Legit Or A Scam?
Alternatively Exchange scam operates on various levels. Primarily, they are trying to present themselves as a reliable company from Australia. Thus, all the exchanges from Australia need to be registered with ASIC and have a license from AUSTRAC. However, this company doesn’t even reveal its ownership details. So, the license doesn’t exist.
But if you were hoping for other licenses we have to disappoint you. Alternatively Exchange is not registered with any Top Tier regulator. Such as CFTC, BaFin or FCA.
Who Are Alternatively Exchange’s Clients?
The region this exchange mostly targeted is quite strange. Nevertheless, those are people who believed in their bogus lies. But mostly scammed victims come from:
- South Africa
- United Kingdom
Have in mind that you could choose either FSCA or FCA-regulated broker and enjoy the trading. But if you already got scammed by Alternatively Exchange, there’s only one thing you can do. It is to start the refund process. Contact our team for detailed advice today.
Investment Costs With Alternatively Exchange
The first thing you notice is that trading costs are missing. They don’t reveal trading instruments, spreads, commissions or fees. Ultimately, everything is completely fake. So, don’t buy it. If you want to see more similar examples don’t skip our Profit Trade review.
Even though there’s no welcome bonus, the company offers a 5% referral commission. In general, it’s a great way to bring in more people. But if the business is legit. In the case of Alternatively Exchange it all looks like a Ponzi scheme.
Alternatively Exchange Trading Features
Practically, the company offers you different investment plans with guaranteed returns. But the financial market doesn’t work that way. If they are so sure about the returns, why would they need your money?
Is Alternatively Exchange Legit?
Absolutely not. The company is not listed in any register. Neither do they have a license to provide investment services. If that’s not enough for you, you can see on their website how much they reveal about the conditions.
Available Trading Assets
As can be seen, the company only offers crypto assets. Of course, they advertise the most popular ones. But if that’s what they deliver you have to register with this scam company. Anyway, some of the features cryptos are:
But even companies with a wide range of assets can be ingenuine. One of those you can see in our SPMarket24 review.
Alternatively Exchange account types are just the way to extort more money. Allegedly you get higher returns only if you deposit more money. There are 5 plans:
- 1 – 20% return after 24h / $99 minimum deposit
- 2 – 50% return after 48h / $499 minimum deposit
- 3 – 100% return after 72h / $4.999 minimum deposit
- 4 – 200% return after 5 days / $49.999 minimum deposit
- 5 – 300% return after 8 days / $69.999 minimum deposit
Mobile Trading App
Of course, shady companies like this don’t bother presenting you with their app. Primarily, because they don’t have it. We checked dedicated stores but iOS and Android users will have to look elsewhere.
Generally, traders often look for a demo account with new companies. Firstly, because they want to see if they like it. Secondly, to check all the features and see if that’s enough for them. With this exchange, insight into the software is forbidden.
Alternatively Exchange Withdrawal
Alternatively Exchange withdrawal procedure is another mystery. Firstly, the company doesn’t have transparent T&Cs. Not even a poorly designed FAQ reveals anything. Secondly, there’s no withdrawal policy.
So, all the fees, processing times and methods remain unknown. The field is prepared for a scam and don’t try to ignore it.
It would be quite positive if their customer service details are correct. The company claims to be open 24/7. Thus, the only contact options are e-mail, web form and live chat. Overall, something that they can ignore if they want and just stop responding if they are looking for a withdrawal.
Key Information To Consider About Alternatively Exchange?
In the first place, the company is not registered anywhere. If you experience any issues with them you should report it to local authorities. Consequently, the company is not transparent about conditions and trading software. Not to mention that they are promising profits.
Generally, everything that you are looking to avoid in a company. But if you already got caught, don’t worry. Our experts can show you how to file a chargeback. Even track crypto with our CipherTrace technology. Book your consultation now!
What Is Alternatively Exchange?
Alternatively Exchange is a fake crypto exchange operating allegedly from Australia, thus without any registration or legal documents.
Is Alternatively Exchange A Good Broker?
No. They are promising profits which are forbidden. If you experience a withdrawal issue you can reach out to our specialists for refund advice.
How Does Alternatively Exchange Work?
It all looks like an MLM scheme. For higher deposits, they promise higher returns. But also there’s a referral commission that makes everything even worse.