Alpine Mining broker is not a regular one. That’s why traders can easily get misled with false information. The official owner is Alpine Mining Technologies Ltd registered in France. Since they are providing financial market services they should have proper regulation.
Read this Alpine Mining review carefully to find out what are the main reasons to avoid this broker.
What’s more, we strongly recommend that you avoid the fraudulent brokers TradeFCM, Bitchain, and Tradercr.
| Broker status: | Unregulated Broker |
| Regulated by: | Unlicensed Scam Brokerage |
| Scammers Websites: | Alpinemining.net |
| Blacklisted as a Scam by: | Finma |
| Owned by: | Alpine Mining Technologies Ltd |
| Headquarters Country: | France |
| Foundation year: | 2015 |
| Supported Platforms: | N/A |
| Minimum Deposit: | $100 |
| Cryptocurrencies: | Yes – BTC, DASH, TET |
| Types of Assets: | Cryptocurrencies |
| Maximum Leverage: | N/A |
| Free Demo Account: | Not Available |
| Accepts US clients: | Yes |
Is Alpine Mining a Safe Broker or a Scam?
Alpine Mining company primarily offers cryptocurrency mining services. Since they are based in France, their main regulator should be AMF. Upon doing our research of their database, we couldn’t find any information about this company.
Therefore, we are taking a look at some even more trusted financial regulators, such as FCA, BaFin and ASIC. However, the situation is the same. Therefore, if you end up scammed, you can’t file a complaint to any institution.
However, Alpine Mining company claims to have an $83.000.000 insurance policy. That policy is issued by Aviva Insurance company based in Poland. But the Aviva register is not accessible to everyone so we can’t confirm such a statement. Because this is not a regulated financial institution, they are not obligated to provide trustworthy information.
Alpine Mining is an unregulated entity. Non-transparent about their platform. Lying about user-experience reviews and awards. There’s a warning from the Swiss regulator.
Warnings From The Finma
In addition to that, Swiss regulator FINMA has issued a warning list. Surprisingly, this company is on that list. For sure it’s not without a reason.
What makes this company suspicious is that they don’t provide transparent information. For example, many links on their website lead back to their home page. That’s why regulations are important.
What Platforms Does Alpine Mining Offer? – Available Trade Software
As a mining company, they claim to offer 7 mining software. Unfortunately, any additional information about the software is missing.
Bitcoin, for example, was first published in 2008. Yet, this broker claims to have 15+ years of experience. Therefore, all software that they provide is not reliable.
Trading For Mobile Devices
Since mining software requires sustainable hardware we doubt it can be used on mobile devices. But since it’s an online platform, it could be possible.
On the other hand, this broker is misleading about so many things. Therefore, risking your money with such a shady business is not a great idea. Instead, you can look for regulated brokers that offer even better conditions and a trusted trading system.
Alpine Mining’s Trading Assets and Instruments
The only instruments available here are cryptocurrencies. The broker claims to have facilities in Poland, Canada, Sweden, and Iceland.
With a raise in energy prices, they are allegedly switching to green energy power systems. However, this broker is highly speculative due to a lack of regulations.
Alpine Mining Fraud Risk Zones – Service Countries
What is suspicious s that the broker claims to have awards for user experience on some websites. For example, Capterra and FinancesOnline.
However, research of Alpine Mining company didn’t bring up any results. But after even more detailed research we found interesting facts. That they are mainly scamming traders from:
- United States
- Canada
- Turkey
- Switzerland
- India
What Are The Different Alpine Mining Account Types?
The company only offers 3 account types. Those are:
- Silver – $100 – $4.999
- Platinum – $5.000 – $9.999
- Diamond – $10.000 – Unlimited
Their daily return ranges from 4-8%. Important to realize is that nobody can guarantee you such a return. Except for a Ponzi scheme, but not for a long time.
Can a Trader Use a Demo Account?
With this company, cryptocurrency fans can’t test their services. The only option to see how they operate is by making a deposit.
On the positive side, they claim you can cancel your plan anytime. Guided by experience, we have seen many similar companies that are not regulated where traders experienced withdrawal issues.
The Importance of Negative Balance Protection For Traders
Negative balance protection in trading is very important these days. With some regulated brokers are even mandatory.
However, this broker doesn’t have a regular trading platform. So, negative balance protection is missing here.
Alpine Mining Affiliate Program
Another sign of a Ponzi look-a-like scheme is their refer-a-friend program. Depending on the account type your referral opens you get up to 10% commission.
But it’s important to understand that the broker has quite poor terms of use. Especially regarding its referral program. Which can lead to potential issues.
Terms of Service for Alpine Mining
With quite poorly written T&Cs we couldn’t find any valuable information. Very arrogantly they presented their right to decline any registration without explanation.
Moreover, they tell you openly not to continue if you don’t agree. But with this kind of presentation, nobody with common sense should risk their money here.
Leverage, Spreads, and Fees
As a non-standardized broker, they don’t have leverage and spreads. But we can’t confirm it since they don’t provide access to the platform for everyone.
Therefore, everything about this broker is speculative. Mostly their shady conditions and non-existent fees.
Scammed by an Alpine Mining Broker? – We Want To Hear Your Story
The least you can do is share your experience with us. With collective action, we can prevent traders from getting scammed. This broker doesn’t reveal transparent funding methods. Therefore, we must be prepared for every situation.
That’s why our fund recovery team is at your disposal. Whether it was a card purchase or a crypto transaction we have a solution. With access to CipherTrace software, we can find the destination of your money. On the other hand, card transactions are way easier to reverse.
What Is the Chargeback Procedure?
Any card transaction is traceable. Banks always know where your money goes. So, if you think that you were scammed you can file a chargeback request to reverse that transaction.
Our specialized team can advise you on every step. Book your first consultation today.
FAQ
What Is Alpine Mining?
Alpine Mining is an online mining broker operating since 2015, but with a questionable reputation.
Is Alpine Mining a Scam Broker?
There are many indicators that this is a scam company since they lack regulations.
Is Alpine Mining Available in the United States or the UK?
We found that Alpine Mining doesn’t offer services to UK citizens, but it does to the US.
Does Alpine Mining Offer a Demo Account?
No. There is no risk-free option available with this company to test its services.
