AlfaBTC Review – Disturbing Facts About Brokerage: Uncovering the Truth

By name, one may mistake AlfaBTC for a crypto brokerage. In fact, this firm offers trading in Forex and CFD markets. Sadly, it does so without a valid financial license.

Our AlfaBTC review will help you expose the scheme and save your funds from this anonymous financial swindler.

Broker status: Unregulated Broker
Regulated by: Unlicensed Scam Brokerage
Scammers Websites:
Blacklisted as a Scam by: N/A
Owned by: N/A
Headquarters Country: UK (allegedly)
Foundation year: 2022
Supported Platforms: WebTrader
Minimum Deposit: 250 USD
Cryptocurrencies: Available – BTC, ETH, LTC
Types of Assets: Forex, commodities, indices, shares, cryptocurrencies
Maximum Leverage: N/A
Free Demo Account: Yes
Accepts US clients: Yes


AlfaBTC Is a Scam Broker? 

AlfaBTC is said to be registered in the UK. However, there are no proofs to support this claim. Any firm that wants to provide financial services from the UK needs an FCA license. And, as you can guess, AlfaBTC doesn’t have one.

Additionally, the company is quite cryptic about the owner, legal jurisdiction, and basic trading conditions. All in all, there is no guarantee that your funds will be kept in segregated accounts nor that you will be able to withdraw any profits you potentially make.

AlfaBTC is not a regulated broker. The company claims to be registered in the UK but has no FCA license. The broker was exposed for posting fake reviews, indicating you should not trust what you read on forums.

What is more, we strongly advise you not to invest in Capitality, Aiko Markets and OptiumGroup fraudulent brokers.

False Regulation Claims

AlfaBTC is allegedly regulated by CCA – Crypto Conduct Authority. This means that clients have up to 100,000 EUR compensation funds. If it were true, it would be amazing.

CCA says to be a team of independent industry experts and professionals dealing with crypto and blockchain. Since they’re not under any government oversight, this alleged authority body can register just about anyone and doesn’t have an obligation to pay out any reimbursement. They can set their own terms and conditions and violate them as they please.

If you check their list of regulated entities, you will find all of them to be unauthorized or offshore firms.

What Do Traders Think Of AlfaBTC?

Once we wanted to check traders’ reviews, we found a warning on Trustpilot stating the following: “We believe these reviews relate to review seller networks that buy and sell fake reviews.”

So anything you read on forums that praises AlfaBTC services can easily be a fake review. Note that scammers often use bots and buy reviews so that they will attract a larger number of investors, rob them of their funds, and disappear.

What Platforms Does AlfaBTC Offer? – Available Trade Software

AlfaBTC Trading Software

AlfaBTC offers a proprietary WebTrader. While not all web-based platforms are necessarily bad, those inaccessible definitely are. Upon registering an account, we wanted to overview the platform but could not access it.

Thus, we can’t be sure if the brokerage really offers any platforms or is just trying to lure innocent customers into investing and vanish. Considering every fake story we’re fed up with, we wouldn’t be surprised to see such an outcome.

AlfaBTC Accounts Overview

AlfaBTC Accounts

AlfaBTC has 7 standard accounts on offer. They are:

  1. Bronze – 10,000 EUR
  2. Silver – 25,000 EUR
  3. Gold – 50,000 EUR
  4. Platinum – 100,000 EUR
  5. Diamond – 250,000 EUR
  6. Premium – 500,000 EUR
  7. VIP – 1,000,000 EUR

Besides a significant increment in the initial deposit, benefits are hardly noticeable. And, of course, not worth the money.

Islamic Account

The company offers swap-free Islamic accounts in accordance with Sharia laws. However, we don’t have a specified initial deposit. All we know is that this account has no interest and offers market reviews, social trading, and access to webinars.

AlfaBTC Broker – Countries Of Service

As per reviews, AlfaBTC broker mainly operates in:

  • Canada
  • Sweden
  • UK
  • Netherlands
  • Norway

Also remember the names of the BitonextK7 Trade and Arkcoin trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

Trading Bonuses – Fraudulent Tactics

The broker offers several types of bonuses, including welcome bonuses, deposit bonuses, and ongoing promotions. However, the Terms and Conditions don’t specify any terms of such incentives.

Note that most major regulators prohibit bonuses due to their nature. Scheme brokers often request customers to reach impossible rollovers to repay the bonus before being eligible for a withdrawal. We believe that AlfaBTC is no different.

AlfaBTC Range of Trading Markets

Customers of AlfaBTC can invest in:

  • Commodities – gold, corn, wheat
  • Indices – DJIA, NASDAQ, FTSE100
  • Shares – Lufthansa, Adidas, Alibaba
  • Cryptocurrencies – BTC, LTC, BNB

What Is Known About AlfaBTC’s Trading Conditions?

We know very little about trading conditions. Since the firm is entirely anonymous, we can see that transparency is not the bright side here. Both spread and leverage are unknown. Without access to a trading platform, we’re unable to confirm anything. 

Therefore, this should be enough to dissuade you from investing in the scheme.

AlfaBTC Minimum Deposit and Unfavorable Withdrawal Terms

AlfaBTC minimum deposit is $250. This is pretty much an industry standard, but you get no benefits until you upgrade to a Basic account worth 10,000 EUR.

The company claims to follow strict AML rules and, for that reason, asks customers to provide photos of their personal and banking details. While this is standard procedure, providing essential information to a scam broker is not smart.

What Payment Method Does the Broker Accept?

According to the website, clients can use:

  • Debit/credit cards
  • Wire transfer
  • Cryptocurrencies
  • Skrill
  • Neteller

Scammed by AlfaBTC Broker? – Let Us Hear Your Story

If you were scammed by AlfaBTC or a similar bogus broker, let us know. Our chargeback specialists may assist you with the refund procedure. 

Don’t let scammers run with what’s rightfully yours. Fight back and let us assist.

But What Is A Chargeback?

This is a way for your bank to retrieve funds directly to your debit/credit card. If you use any other payment method, book a free consultation with our experts and we’ll find a recovery solution. It’s of utmost importance to act now.

What Is AlfaBTC?

AlfaBTC is an online financial swindler trying to get ahold of clients’ money by using fake regulations and false addresses.

Is AlfaBTC a Scam Broker?

AlfaBTC is a scheme broker banned on Trustpilot due to fake reviews they were posting.

Is AlfaBTC Available in the United States or the UK?

The brokerage accepts customers from both countries but has no valid license for any.

Does AlfaBTC Offer a Demo Account?

AlfaBTC does offer a Demo account as a lure for inexperienced traders.

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