Website – https://alfatrade.com/
Address – Oborishte District 21B, Moskovska, Str. Sofia, Bulgaria
Warned By – Commissione Nazionale per le Società e la Borsa (Italy), British Columbia Securities Commission (Canada), Ontario securities Commission (Canada)
Read the AlfaTrade review and know why we put this broker on the list of scam brokers.
AlfaTrade Review: Introduction
AlfaTrade is an online trading platform that claims to be a foreign exchange broker. The website is owned by Nemesis Capital Limited and Nemesis Capital Bg Limited, and is located in Bulgaria. The website of the company can be found at https://alfatrade.com/, but currently, it is not in use for a long time due to maintenance.
They can be contacted by email at firstname.lastname@example.org or by phone at +442038685872. They hide the regulation details from their websites. It is a major red flag that this broker might be a potential scam or be involved in online scams. Read a complete AlfaTrade Review to know more about this broker.
AlfaTrade Review: Regulation
Checking the broker’s regulated license is important while looking for an online trading platform to reduce your risk of falling victim to forex scams, cryptocurrency scams, or other online scams. AlfaTrade not only has a registered license but is also blacklisted by the authorities of Italy – CommissioneNazionale per le Società e la Borsa (CONSOB) and Canada – British Columbia Securities Commission (BCSC). If a broker provides financial services without a regulated license, that means it’s a scam.
How does the AlfaTrade scam work?
Scam brokers frequently use a variety of channels to get in touch with you, including social media, phone calls, and email. They will phone you to ask you to invest money with them if you find this advertisement interesting. Once you invest with them, their need for further funds to make investments will grow daily.
When you try to withdraw money with them, you will eventually realize that they are unreliable and that you were taken advantage of by a shady broker or that you are a victim of a cryptocurrency scam, a forex scam, an investment scam, a romance fraud, a gift card scam, or any other online scam. Before investing with a broker, we suggest that you always check their regulated license on the regulator’s website.
AlfaTrade Review: Trading Account
AlfaTrade claims to offer several types of trading accounts, like a Demo account, Standard account, Premium account, and VIP account. The standard account starts at $500, and the minimum spread is 2.5 pips. The premium account starts at $5000, and the minimum spread is 2.1 pips. The VIP account starts at $50000, and the minimum spread is 1.5 pips.
Most of the legitimate offer minimum deposit is $100, but AlfaTrade offers minimum deposit is $500 is too high as compared to the legit brokers.
AlfaTrade Review: Customer Reviews
With this review and after reading all the negative and positive AlfaTrade reviews, Scam Helpers found that this broker may not be legit and might be a potential scam broker.
We examined the AlfaTrade broker online and found that this broker might be involved in scams. Hence, we included this broker in our list of scam brokers 2022 to avoid scams.
AlfaTrade Review: Conclusion
We never recommend trading with AlfaTrade due to their involvement in online scams. If you are a victim of an AlfaTrade scam or forex scam, cryptocurrency scam, binary scam, bitcoin scam, or any other scam, fill out a complaint form on the Scam Helpers website for fund recovery. Our experts will provide you a free consultation, and we will guide you in the process of fund recovery.
If you feel you are scammed – Report a complaint here
Visit our Facebook Page