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Alphaprotrades

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Operating status: SCAM

Website: https://alphaprotrades.com/

Broker violations and abnormal records
  • 2024-10-21 BrokersView has reviewed that Alphaprotrades is an unregulated broker

    According to its website, it claims to be a regulated entity and claims to be regulated in the UK. Upon investigation, no matching information was found in the Financial Conduct Authority (FCA).

    In essence, Alphaprotrades is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.

    Alphaprotrades appears to be a scam.

    According to its website, it claims to be a regulated entity and claims to be regulated in the UK. Upon investigation, no matching information was found in the Financial Conduct Authority (FCA).In essence, Alphaprotrades is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.Alphaprotrades appears to be a scam.

Related Complaints

Q&A

Is it true that Alphaprotrades is a scam?

Maximillian
New Zealand
2025-01-03
ANSWER Dear Investor, Thank you for your message. We are concerned that Alphaprotrades is a potential scam. Firstly, Alphaprotrades falsely claims to be regulated in the UK. It purports to be subject to the UK Securities and Investments Commission (UKSIC). However, there is no such authority in the country. The authority to issue licenses and regulate financial firms in the UK rests with the Financial Conduct Authority (FCA). We have not found any information suggesting that Alphaprotrades is authorized by the FCA. Therefore, Alphaprotrades is dishonest and likely a scam. We strongly suggest you avoid using Alphaprotrades to protect your funds and personal information.
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Is Alphaprotrades a legit company?

Abisola
Denmark
2024-10-24
ANSWER Dear Investor,Thank you for reaching out. We believe Alphaprotrades is a scam. This firm claims to be regulated in the UK by a non-existent authority, the UK Securities and Investments Commission (UKSIC). This blatant falsehood indicates that Alphaprotrades is untrustworthy. We have confirmed that Alphaprotrades is not listed on the register of the Financial Conduct Authority (FCA), the primary financial regulator in the UK.Therefore, Alphaprotrades is suspected to be a scam. Investors should stay away from this unregulated platform to avoid falling victim to fraud.
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