Alphasoft.Ai Review – Another Cookie Cutter Website Made For Thieves
The alphasoft.ai website is identical to the one used by forrestfx.com, finexleaders.com, lendowl.co . Although there is no concrete link between these frauds, the similarities imply that they are affiliated in some way.
See the remainder of our Alphasoft.Ai review, as we dissect this problematic platform in detail, and examine how these faux brokers operate.
|Regulated by:||Unregulated Broker|
|Is This Company Safe?||No, never trust your funds with an unlicensed company!|
|Have Warnings from:||FINMA|
|Registered in:||Switzerland (alleged)|
|Trading Platforms:||Web trader|
|Deposit Bonus:||Up to 100%|
|Trading Assets:||Forex, Crypto, Stocks, Indices, Commodities|
|Free Demo Account:||Not available|
|How to Withdraw from This Company?||Refrain from investing with unknown platforms and feel free to contact our professional team of advisors for help with withdrawing.|
Evidence Of Alphasoft.Ai Scam
Alpha Ai Softwares is an alleged Switzerland-based brokerage brand regulated by the Crypto Conduct Authority (cryptoconductauthority.com).
Firstly, the HQ address is fake. Secondly, this business is blacklisted in the very jurisdiction where they claim to operate from. The public alert was issued by the main financial body in Switzerland – FINMA. Lastly, the claimed regulation comes from a notoriously known false regulator whose site was flatlined due to all the complaints and illicit activities.
Not being present in any public commercial register kept by FCA, BaFin, CySEC, ASIC or another prominent regulator, makes this trading portal illegal. The same stands for Neo Omatic, which doesn’t provide segregation of funds, risk-controlling measures or compensation plans.
The Inner Workings Of A Scam
Judging from the WhoIs register, the domain was launched in September 2022, targeting these particular areas:
- United Kingdom
The firm actively advertises their services on Facebook and Twitter social networks, in order to reach out to a larger audience. In a similar fashion to Investo Capital FX, boiler room agents tirelessly sift the WhatsApp phone register in search of new people to victimize.
Their approach is to encourage quick and emotionally driven spending from the clients. Once the money is in their grasp, however, it is difficult to recover without the aid of professionals.
Hiding Behind A Veil Of Lies
The promise of a reputable brokerage based in Zurich is enough to persuade some people into carelessly investing with these fraudsters.
In order to make their services seem dependable, this company employs review seller networks to artificially boost their reputation on TrustPilot. One of the signs of this sort of activity is the lack of comments on other platforms like SiteJabber.
Industry Average Costs
False Forex dealers may publish on their websites whatever they wish. In that sense, you will see this platform alleging to provide the most competent spreads on the market. Trading costs on most popular currency pairs like EUR/USD start at 1.5 pips for the basic account and can get as low as 0.2 pips with the most expensive package.
Leverage gets higher with each pricier account. In accordance with that, the ratio ranges from 1:10 to 1:50, which is still against the EEA regulatory directives.
Bonuses With Conditions
When it comes to trading with unregulated entities, it isn’t a rarity to be awarded with deposit bonuses. With this one, you can get up to 100% bonus reward depending on the account type you choose.
Terms and Conditions docs propose a malicious condition following these. In order to withdraw your bonus, you have to perform a trading volume of at least 30 times for each €1 bonus.
Underwhelming Trading Features
Since we know these schemes use deception to entrap their clients, gauging the quality of service from website advertisements alone is ill-advised.
The website registration doesn’t seem to work properly, which unfortunately prevented us from creating an Alphasoft.Ai login. The company does provide some rudimentary access to the trading platform, however, so we did gain some insights.
Extremely Basic Software
The Alphasoft.Ai platform relies on false advertisements rather than factual truth. Although the broker claims to have an award-winning platform, the software they really provide is a web trader.
None of the claimed advanced features are available, as the program only provides a basic charting utility. Other than that, clients may buy or sell the selected asset, with some rudimentary stop loss functionality.
Only Most Traded Asset Groups
You cannot expect an unknowledgeable service provider to offer anything more than the industry average, or even less than that. That’s why the instruments proposed by this faux service provider are only the most traded ones:
- Forex (EUR/USD, USD/GBP, EUR/CHF)
- Stocks (3M, Alcoa, Coca-Cola)
- Commodities (Soybean, Wheat, Coffee)
- Indices (CAC 40, FTSE 100, HK 50)
- Crypto (BTC, ETH, LTC, ADA, DOT)
Worthless Yet Overpriced Packages
Each of the Alphasoft.Ai accounts are promised to be especially tailored to provide distinct advantages. Sadly, except for the distinctively high prices, we couldn’t find anything of value that these packages have to offer.
All of the promises about premium signals, account managers and similar mambo-jumbo is what financial swindlers usually vouch for. Nonetheless, the prices are exorbitant:
- Basic – 500€
- Bronze – 10,000€
- Silver – 50,000€
- Gold – 100,000€
- VIP – 250,000€
Fraudulent Payment Strategy
Alphasoft.Ai withdrawal features a two-stage authentication system for payouts. This system is not electronic, as the company doesn’t employ automatic transaction processing.
Instead, the payout must be approved by the account manager first, and the “Risk Management team” afterwards. A withdrawal request is billed $50, no matter whether it will eventually be approved or not. This allows the schemers to drain the account balance with no repercussions.
Don’t waste your time and breath attempting to argue with these con artists. Contact our legal team via the live chat, and book your free consultation in order to start a chargeback instead.
Chatbot As Customer Support
One of the support methods includes the live chat featured on the site, while the other relies on WhatsApp messaging service. The self-proclaimed brokerage also says that their support agents usually reply in a couple of minutes, which couldn’t be farther from the truth.
We couldn’t establish any contact with a real, live person at all, instead our messages were always delegated to a chatbot.
Need Help With Recovery? Contact Us Today!
No matter how you cut it, there isn’t even a smidgeon of legitimacy to this broker. Their website is based on a frequently used template, and is full of lies and deceptive claims.
Having your assets stolen by such illicit entities is nothing to be ashamed of. These are professional con artists, and are well versed for their dirty business. Our experts are equally experienced when it comes to scam recovery. Get in touch via the live chat, and start your chargeback today!
What Is AlphaSoft.Ai?
The site is a complete and utter fraudulent scheme allegedly based in Switzerland but blacklisted by FINMA.
Is AlphaSoft.Ai Safe?
No, the absence of a license cannot guarantee safety. Please refer to our legal support if you wish to recover funds stolen by this false service provider.
How Do I Request A Withdrawal From AlphaSoft.Ai?
Payouts may be requested from the company through the client area, and must be approved by several different people before they allegedly come through.