AlphaForex Review: a Dangerous Broker

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  • Regulation
  • Fund Safety
  • Trading Conditions

Summary does not include a recommendable style of operation. The company functions with numerous scam characteristics. Therefore expecting some preferential treatment from the company is illogical. The company operates anonymously, and investment firms with a similar style of operation do not generate any pleasing results.

AlphaForex is an online trading company that looks forward to providing various trading platforms. The company offers a convenient and easy-to-use system. AlphaForex provides a custom interface to meet all types of traders’ demands. However, do not be so quick to invest a single coin in the company. As you read this impartial review, you encountered multiple red flags to warn you. Thus you will end up reconsidering your trading decisions with the company.

AlphaForex Review, AlphaForex Company

Meanwhile, these reliable trading companies apply tried-and-tested strategies. You are sure to receive attractive investment returns on your hard-earned money. AlphaForex does not have any relevant trading information on its website. The company looks forward to attaining massive investment returns for customers. Moreover, how they attain similar figures is questionable and doubtful. The trading world faces massive competition. Thus without a proper strategy, you will attract negative results on your hard-earned money.

AlphaForex claims to have a robust customer base. So relying on its tremendous service. Furthermore, it guarantees customer satisfaction to all traders. Accordingly, there is no such thing as constant returns. While investing, you may encounter losses due to the volatility in the market. AlphaForex does not include risk management measures to protect you against sudden market shifts. Also, due to the change of patterns on different prices without risk features, you may encounter massive losses. Review promises investment services to all traders, including novice customers. Moreover, no expert trader is likely to waste time or money in the company. Beginners require helpful educational materials to assist in aiding more knowledge to the market. Accordingly, scam companies use basic explanations of trading terms. You can find similar explanations of trading terms online for no extra cost. Trading without proper education and understanding of the market is inadvisable.

AlphaForex looks forward to providing automated trading services. Automatic trading is preferable to humans due to no emotional interference with trading decisions. Moreover, scammers also promise state-of-the-art technology. When you sign up for the same services, you receive shocking results. AlphaForex does not reveal the kind of algorithm its software uses.

AlphaForex not only fails to avail transparency in its operation. There is no data regarding the founders and employees behind the company, also due to the absence of qualifications to prove expertise. You are likely to rely on trade directions from people who do not know how the market operates. Scammers maintain high anonymity. As a result, they come up with clone companies and attempt to defraud more funds from innocent customers.

How Operates does not include a recommendable style of operation. The company functions with numerous scam characteristics. Therefore expecting some preferential treatment from the company is illogical. The company operates anonymously, and investment firms with a similar style of operation do not generate any pleasing results. Scammers find multiple ways to persuade you into making hefty deposits. Also, you may come across bonuses on the first deposit up to 100% or more. However, you cannot withdraw the reward money even after meeting the tasks ahead. Review, Features

AlphaForex, like every other scam company, will deny you access to the services it offers or even your account. The investment firm claims its software is compatible with MetaTrader 4, and suitable for trading purposes. However, you cannot access a MetaTrader account. Accordingly, relying on the web trader available may expose you to malicious third-party attacks. AlphaForex includes news and market analysis data. The same information comes from third parties who are mysterious and unreliable. Also, you might rely on a trade direction that is already expired.

AlphaForex does not showcase any evidence of trading activities going on. Accordingly, the company may be making negative results. Also, trade history for 3months or more helps determine the kind of returns to expect. The investment firm brags about making multiple investors rich. However, you do not receive any positive feedback from any of its customers.

Funds Safety

AlphaForex does not guarantee any security of your money. Also, relying on mysterious people for profit is unlikely. The company not only puts your money at risk. Personal information may end up in the wrong hands leading to criminal activities. Furthermore, the security of your money is a top priority to consider in any company. 

AlphaForex does not have any evidence of successful transactions by its traders. The investment firm appears only to benefit the mysterious people behind its operation. The fraudsters may keep your money in a personal account as you wait for mysterious profit. There is no banking information to affirm that your money is in safe hands. Therefore you should stick to the demo account until the company makes further updates on its transparency.

Deposit and Withdrawals

AlphaForex minimum trading amount is €250. Accordingly, this figure is quite costly considering the ambiguity visible. Scammers encourage the use of non-refundable funding options. It would be best to use the credit or debit option for chargeback up to 540 days. 

AlphaForex fails to unravel how long it takes to process withdrawal requests. There is no evidence of any successful withdrawals made by its traders. Scanners find ways to hold your money for long. Eventually, they end up disappearing with your money without a trace. AlphaForex does not have a refund policy to reclaim your money if the services it offers displease you.

Customer Support

AlphaForex does not provide any location address information. Additionally, scammers end up cutting communications with you upon receiving your funds. You can only contact the company via a section available on its website and email. However, the main concern is if you receive any reply to your query.

Legit investment firms provide an instant reply to your query, if not fast. Working customer support helps in building more trust between you and the company. Also, the company cannot avail of a friendly interface without proper customer relations. AlphaForex should at least feature telephone contact, reliable for customer support or relevant data.

Regulation status of AlphaForex

AlphaForex does not appear under the radar of any legit regulator. The company also fails to showcase any relevant data to prove otherwise. It is illegal in most countries across the globe to offer investment services without mandatory following regulation measures.

Therefore it is best to consider these regulated forex trading companies for a commendable level of transparency. You can easily find and verify the regulations data available with the responsible watchdogs. Unregulated companies do not last long in the market and often break trade laws easily. AlphaForex fails to provide data regarding its founders because they risk facing criminal charges. Scammers cannot afford regulation fees and end up facing bankruptcy quickly.

Final Verdict

AlphaForex claims that you need to register, fund the account and start earning. Accordingly, if trading were this easy, everyone would be investing and gaining in profit. Also, if the company was generating pleasant returns to customers, the traffic ought to suggest otherwise.

Moreover, you should do thorough research and read reviews from reliable sources before investing in any company. Due to the rampant rise in the competition in the market, scammers exist daily. Consequently, these reliable forex trading companies attract a pleasant investment experience. You can easily earn reasonable returns on your hard-earned money. Moreover, you should avoid at all costs and warn affiliates against investing in the company.


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