AlphaTrade Plus Review – How to Avoid Online Scam
On January 10, 2022, a reliable European regulator published data on another online scammer. Here we’ll overview a few red flags that indicate the integrity of this information and help you understand what factors are worth considering to avoid fraud.
|Blacklisted as a Scam by:
|Yes (Bitcoin, XRP, Ethereum)
|Types of Assets:
|Commodities, Forex, Stocks, Cryptocurrencies
|Free Demo Account:
|Accepts US clients:
What About AlphaTrade Plus Regulation?
Like many other organizations found to be fraudulent, AlphaTrade Plus claims to be regulated by Lebrn. However, Lebrn is nothing more than an anonymous non-professional website of a suspicious company. By the way, recently, many scam brokers have been caught with claims about Lebrn regulation (for example, CryptoPro24). This indicates that it is better not to trust any companies hiding behind this obviously fake regulation since the sole purpose of launching Lebrn.com is to justify scammers.
AlphaTrade Plus Warnings From Financial Regulators
AlphaTrade Plus guarantees to provide its clients with a successful trading experience. But how is it possible that a company regarded as a fraud by a reliable financial authority ensures its clients’ success? Recent AMF reports from January 10th warn of confirmed broker’s fraud actions.
Remember that it is extremely important to check investment companies before cooperation. Every week, top-rated financial authorities such as BaFin, ASIC, FCA, and others share verified information about scammers and blacklist organizations that cannot be trusted under any conditions. Careful research could save dozens of deceived depositors, but often people rely too much on their fortune.
Crazy Withdrawal Conditions
As for the terms and conditions of cooperation, AlphaTrade Plus, like many scam brokers, considers any detail to maximize its benefits. However, when it comes to protecting the rights of consumers, things are not encouraging at all. In addition to the fees charged for each withdrawal, the company demands a 10% levy on each transaction before you complete the minimum recommended trading “plan.” It sounds crazy, but this is really what is written in terms of cooperation.
AlphaTrade Plus Trading Instruments
The broker offers its own web trading platform with the following advanced features:�
- Live data and news;�
- Technical analysis with 30 trading indicators;�
- 5 markets access (Forex, Commodity, Stocks, Indices and Digital Currencies market);�
- Interactive chats.�
Attractive conditions, but all the advantages of their trading tools mean nothing compared to such impressive drawbacks like the lack of regulation and dozens of reviews from deceived clients.
Most Of The Victims Live In European Union
Probably the main reason why EU citizens believe in the falsehoods of the broker company is their assurance that their headquarters is located in Basel, Switzerland, and is managed by a British company. Switzerland is well known for its strict laws and oversight of financial institutions, as is the UK with its FCA and regularly amended laws to establish a fair and transparent relationship between brokers and their clients. However, after we found out that AMF blacklists the company, we could not trust the integrity of the data provided by the broker. Fraudulent investment organizations cannot operate from Switzerland, as the conditions for starting a brokerage activity in the country are too difficult to satisfy for an average swindler. However, according to news articles, reviews, and customer testimonials, most deceived victims live in France, Greece, Italy, Spain, and Germany.
Traders About AlphaTrade Plus Scam
According to the feedback from clients who have experience working with a broker, their main reason for the complaint is account block. For clients who managed to withdraw funds at least once, the significant disadvantage was the huge commission rate.
Fraudulent Scheme of AlphaTrade Plus�
The broker’s scheme is extremely simple. The first step is to impress and gain confidence. Step two is to do everything possible to convince the client to make a deposit. The third step is to block or reset an account immediately after the client gets a profit. Some depositors managed to withdraw money. It was probably “allowed” by scammers to lure people into continuing trading and increase the funds that could be stolen.
Scammed by AlphaTrade Plus? – Tell Us Your Story
Due to technology and Internet development, dozens of sophisticated techniques and methods of fraud have been invented. However, you can always restore justice by contacting experienced experts from a reliable refund company. Our managers never remain indifferent to the stories of blatant fraud and are always ready to help honest victims of online deception.
But What Is A Chargeback?
Chargeback has helped thousands of people regain their faith in trading. This is an effortless and quick way to recover misappropriated money without involving authorities. All that is required of you to perform chargeback is to provide us with evidence of fraud that will help us win the case.
What Is AlphaTrade Plus?
This investment company positions itself as “the best place to start the trade.” However, as we found out, this is rather the best place to lose your money.
Is AlphaTrade Plus A Scam Broker?
Absolutely yes. A reliable French financial regulator confirms this fact.
Is AlphaTrade Plus Regulated?
No, this is an unregulated broker that uses regulatory data from a company that is an anonymous “society” posing as a proven financial authority.