Alphatrends Review and Website Analysis

Most scammers posing as Forex and CFD brokers use the same tactics. In our Alphatrends review, we explain why you shouldn’t trust every company claiming to be a broker and how to spot the telltale signs of fraud. To avoid falling victim to another shady platform and losing your investment, we recommend reviewing the materials we’ve gathered about this site.

Brief Overview

• 🖥Official Website: https://www.alphatrends.pro
• hatrends.pro/✈️Contact Address: 15-16 St Helen’s Pl, London EC3A 6DQ, UK
• 📞Customer Support: [email protected]; + +442037508557
• 🔐Licensing and Accreditation: no
• ⏳Track Record: since 2024
• 🧰Specialization: Forex & CFD broker
• 🤝Terms of Cooperation: min deposit 5,000, leverage up to 1:200
• 💰Additional Services: no

Alphatrends.pro Examination

The official Alphatrends website looks like it was thrown together in a rush to get it online as quickly as possible. Otherwise, it’s hard to explain how a website belonging to a “Global Powerhouse” and “leader in trading” ended up with just five pages, two forms (registration and login), and two documents (Terms & Conditions and Privacy Policy).

It seems the site creators thought this wasn’t enough to compromise the company, so they also decided to:

• Provide contradictory information about leverage in the account types table.
• Omit the list of trading instruments and contract specifications altogether.
• Label a three-year-old web terminal by Easy Technologies as the latest in-house software.
• Promise access to useful resources like an economic calendar but not include them on the site.

The site contains other inconsistencies, too, which are a key indicator of a scam. Legitimate, licensed brokers who value their reputation can’t afford such glaring carelessness. But scammers, who plan to operate for just a few months, certainly won’t bother making the site perfect.

Company Contacts

Alphatrends lists its contact information on the “Contact Us” page, which includes:

• A feedback form.
• An email address, with a compliance-related handle that suggests it’s for dispute resolution only.
• A UK address.
• A phone number with a UK prefix.

There’s even an extensive FAQ section, though the company avoids any specific questions or answers. However, there’s no space for links to social media channels or groups. In fact, it seems they haven’t created any, which is another sign of a scam. Licensed brokers can’t afford to ignore the vast audience on social media, but scammers don’t need it. They prefer targeted methods, like cold-calling potential clients from legally or illegally obtained databases. For them, investing time and resources in building and maintaining active social media profiles is irrational.

There’s also no Live Chat on the Alphatrends site. The lack of this almost instant method of communication for quickly resolving issues is puzzling, as is the fact that their phone number goes unanswered. This means that users who contact support will have to wait until the team responds to their written inquiry — and there’s no guarantee they won’t lose money in the meantime.

Key Conditions

Alphatrends is not keen on revealing its trading conditions. To begin with, the broker hasn’t even listed the markets available to traders, let alone provided an approximate list of trading instruments. Contract specifications are also absent.

The situation is equally dire when it comes to the account types table. The only information provided about the account plans is the minimum deposit amount (though it’s unclear which currency) and leverage details. Traders can open the following accounts:

• Starter. Minimum deposit of 5,000 with leverage up to 1:10 (although elsewhere, “Zero Leverage” is mentioned, leaving us unclear whether leverage is available or not).
• Intermediate. Minimum deposit of 10,000 with leverage up to 1:20. It states “Starter-Level Leverage,” but from the Starter account, we know this is Zero Level, which only adds to the confusion.
• Professional. Minimum deposit of 25,000 with leverage up to 1:40. Traders are promised “Amplified Leverage Options,” which seems more accurate — 1:40 is indeed higher than 1:10 or 1:20 and certainly more than “Zero Level.”
• Expert. Minimum deposit of 100,000 with leverage up to 1:100.
• Master. Minimum deposit of 250,000 with leverage up to 1:200.

Unexpectedly, just below, the broker claims that the maximum leverage is 1:100. We’ve already grown accustomed to such discrepancies since our first encounter with the company’s official website.

Of course, the account types table wouldn’t be complete without additional options. For example, to gain full access to the Academy (which, interestingly enough, we couldn’t find anywhere on the site or in the personal account) and webinars, a deposit of 5,000 isn’t enough. You’d need to open an Intermediate account, which requires a minimum deposit of 10,000. To receive real-time news, you’d need to opt for the Professional account, with a deposit starting at 25,000. This is also the level where trading signal subscriptions for clients begin.

Another curious feature in the account types table is that four account levels promise trading via the AT Webtrader platform, while the Master account mentions SM Webtrader instead. Since Alphatrends doesn’t allow account type selection during registration, and there’s no difference in the personal account when switching tariffs, it’s easy to conclude that this name belonged to a previous scam broker and was simply forgotten to be updated.

In short, this is a typical example of a scam project. It will never fully disclose its trading conditions. In contrast, legitimate brokers strive to provide as much information as possible to attract potential clients.

Exposing Alphatrends

As we can see, the broker constantly uses standard scam tactics. However, to make a final judgment, we need to analyze the official information about Alphatrends.

The company has published a single address in London and a London phone number on its official website. It’s assumed, since no other information is provided, that the firm is registered at this address. It’s not difficult to verify this in the Companies House database.

Sometimes it seems that by providing some official data, scammers hope it will magically appear in the registers and allow the platform to pass verification. But their hopes are never realized.

And once again, it turns out that the only company with a name similar to our broker’s (although there are significant differences, ALPHA TRENDS LIMITED is certainly not the same as Alphatrends) is registered in Birmingham and ceased to exist in 2021. This means the broker has no registration information.

This implies that the firm is not officially registered anywhere. Naturally, it also doesn’t have a license from the local regulator or any other, since it’s impossible to obtain one without registration. Without the necessary legal documents, the company’s entire brokerage activity is illegal.

The company also hides information about the length of its existence. However, the copyright in the footer shows that the firm was established in 2020 or earlier. Meanwhile, WHOIS data indicates that the alphatrends.pro domain was registered on July 9, 2024. At the time of writing this review, the broker has been in existence for just one month.

But inaccurate registration information is not the only sign of Alphatrends’ fraudulent activities. Added to this is the lack of payment details. Account funding in the personal account is only possible with bank cards. However, when attempting to complete a transaction, the user receives a message that the payment system is unavailable. They are advised to contact customer support to resolve the issue.

In our view, this evidence is more than sufficient to understand that the broker was created by scammers. Entrusting them with your money would be, to put it mildly, unwise.

What Reviews Do Users Leave?

We didn’t expect a large number of Alphatrends reviews to appear online after just a month of the broker’s existence. However, this fake company managed to surprise us by showing what scammers can achieve in their pursuit of clients’ money. On reviews.io, we found 315 comments, 98% of which are positive, with the authors recommending cooperation with this platform.

No scam project has ever ordered this many publications. The owners of this one have broken all records in their attempt to create a positive image for their firm. Naturally, they cannot be trusted.

Conclusions

Our Alphatrends review serves as a revealing case that can be applied to most scammers. We’ve demonstrated that this fake company lacks registration and a license, conceals payment details and trading conditions, and orders online comments. These are all clear signs of a scam project. This means that the broker cannot be trusted, and any money sent to its accounts is likely to be lost.

Pros/Cons

FAQ