We urge you to do thorough research before you believe everything you read on the AlphasCrypto website. Brokers often manipulate investors by placing fake owners, contact information, and more.
Our AlphasCrypto review will guide you through all the facts about the company. If you have already invested your money, we’ll present you with options for recovering it.
AlphasCrypto presents itself as part of the UK-regulated Alpha FX Limited. However, this cannot be true, as the company operates through one domain, and that’s alphafx.co.uk. Further, they claim to have registration with FINTRAC in Canada and ASIC in Australia. As you can guess, this is false information.
There are several immediate red flags. If AlphasCrypto regulation was with the FCA, they couldn’t offer CFD crypto trading. The UK authority banned it in January 2021 due to high risks. Further, the brokerage would have to comply with the ESMA leverage limit of 1:30 for retail traders. Instead, they offer 1:200 to 1:500.
It’s clear that AlphasCrypto broker is luring its clients into a scheme. Don’t fall for it. And if you have any information about the company’s business, don’t hesitate to share it with us. This can help us prevent fraud.
AlphasCrypto is advertising its services and abusing the name of a legitimate broker to build credibility. According to traffic research, the majority of their victims come from:
If you tap on the Trading Room tab on the site, you will find the AlphasCrypto trading platform. However, you’ll remain disappointed. The company doesn’t offer anything more than a basic TradingView chart with several add-ons. The only advanced features are Stop Loss and Take Profit, while the platform design is poor.
We often mention third-party software such as MT4, MT5, and cTrader. This is due to the fact that each of these has millions of users and provides retail traders such as yourself with a vast number of functions. You can enjoy perks such as social trading and automated bots while also applying advanced indicators for in-depth research.
Additionally, each of these platforms brings a mobile app for Android and iOS. This is not available with AlphasCrypto, as they only enable login through a web browser.
While we highly doubt you still care, we did some research on available tradable assets. Here’s a list of CFD options:
As mentioned, crypto CFDs were banned in the UK in 2021, which is why we know this company is not legitimate. On top, they have no license to offer financial services whatsoever.
The platform shows raw spread, while the account type section shows a minimum of 1.5 pips. Additionally, swaps, commissions, and other costs are not mentioned. It’s not surprising knowing that this company lurks for clients’ funds and is not legally in the business.
Speaking of AlphasCrypto account types, we’ll show you the list of available ones:
According to the FAQ section, the minimum deposit is $250, but you have no perks until you upgrade to a Silver account. This is a typical bait to make you invest more money, hoping to get more assistance from experienced financial advisers. Instead, you’ll be assigned to sales agents whose only goal is to squeeze you out.
While you can choose the AlphasCrypto Demo account, it won’t bring you anything. Yes, you can test the software before paying, but there are no features to test.
In order to gain access to such an account, you will need to provide the brokerage with personal information, including your phone number and email. Then, they can harass you through WhatsApp, constant calls and messages, pressuring you to deposit. This is why they enable risk-free accounts in the first place.
Let’s talk more about AlphasCrypto withdrawals. After all, the whole idea of trading is to earn money and get it from your trading account to your bank. The company has listed the following payment options:
However, the site lacks legal documents explaining the process of getting your money out of your trading account. And, after reading online reviews and user experience, we’re not quite convinced it would be possible in the first place.
Let us know if you lost your money with AlphasCrypto or a similar trading brokerage. If you know someone who’s been dealing with scammers, ensure you show them our findings. The key to fund recovery is to know who you’re dealing with and take the necessary steps before it’s too late.
Book a free consultation with Global Fraud Protection, and we’ll do our best to assist you with this issue. Don’t let scammers win!
AlphasCrypto is not a regulated brokerage, despite false claims. If you fall victim to this financial swindler, let us know, and we might be able to help.
Yes, AlphasCrypto offers its clients a Demo account as part of the lure to provide your personal information.
You can trade crypto and other CFDs, but we recommend that you avoid AlphasCrypto altogether.
AlphasCrypto is not a regulated brokerage, despite false claims. If you fall victim to this financial swindler, let us know, and we might be able to help.
Yes, AlphasCrypto offers its clients a Demo account as part of the lure to provide your personal information.
You can trade crypto and other CFDs, but we recommend that you avoid AlphasCrypto altogether.
The post AlphasCrypto Review: Clone Firm of an FCA-Regulated Broker appeared first on Global Fraud Protection.
