Alpha Capital Review (2024 Update)
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Updated:
Reason to avoid: No License
Listed Date: October 18, 2018
Top 3 Forex Brokers
Beware AlphaCapital is a Non-Regulated Broker. It is NOT SAFE to trade.
Advertising Disclosure
Updated:
Reason to avoid: No License
Listed Date: October 18, 2018
Beware AlphaCapital is a Non-Regulated Broker. It is NOT SAFE to trade.
AlphaCapital has been suspected as a scam broker. This broker is blacklisted by a well-known regulatory authority and should be avoided. AlphaCapital is owned by Alpha Capital Securities Ltd which is an offshore company registered in the Marshall Islands. The Marshall Islands is notorious for its practically absent requirements and regulations. The setup cost is low and it does not regulate forex trading. Therefore, it became an offshore zone for shady forex brokers such as MegaTradeFX, Finbitex, and more.
🗺️ Registered in | No Registration |
🗺️ Type of License | No License |
🛡️ Is Alpha Capital safe to trade | No |
🗺️ Recommended Licenses | FCA in UK 🇬🇧 & ASIC in Australia 🇦🇺 |
🖥 Alternative Broker | FP Markets - licensed by ASIC in Australia |
AlphaCapital claims its leading global brokerage positions while providing smart, secure trading solutions for investors at every level (Explore Top Forex Brokers' List). In addition, setting the bar higher with cutting edge, through tool-rich trading platforms, low latency, and superior liquidity provided by the leading institutions to trade Forex and Equity markets. AlphaCapital offers a wide range of trading options, including currency pairs, such as the EUR/USD; commodities, like oil or gold, and indices like the Dow Jones and the Nasdaq.
While all establishments of the business and trading delivery seem to be highly suspicious, the reputable authority CONSOB and others issued a warning to the public due to their concerns about AlphaCapital too.
In addition to the official statement, the negative reviews from the traders confirm a suspicious questioning of the broker. Since the clients faced “sudden disappear” of replies or any concerns while the funds were requested to be withdrawn. Overall, we do not recommend trading with AlphaCapital and advice to choose among reputable firms to trust.
AlphaCapital allows Indian traders to open accounts and trade. However, AlphaCapital has no mention of complying with any Indian regulators on its website. It is also worth mentioning that Forex trading in India is actually prohibited. The broker is not regulated by any regulatory body in India, that’s why money safety may be the issue here.
The United States is one of the countries that is not accepted by AlphaCapital. As per the U.S law, brokers regulated by CFTC are the only brokers allowed for USA traders. So, except for AlphaCapital, you are only permitted to trade with the U.S regulated platforms.
Each account type (Also find another broker MEX Exchange's account types here) has its own minimum deposit requirements. However, the broker does not disclose the amounts that need to be deposited.
Alpha Capital accepts a wide range of deposit methods, including bank transfers, and a variety of credit cards.
Alpha Capital provides payment options based on the deposit methods through which the account was funded. In the case of payment services such as Western Union or CashU, for which accounts do not exist, Alpha Capital will transfer your withdrawal amount directly to your bank account.
AlphaCapital's user-friendly mobile platform is compatible with both Android and Apple devices. The platform offers hundreds of available assets, live streaming quotes, and complete account management capability, enabling you to choose from multiple order types, and view your trading history and account status at a click Trade from any location, at any time, benefiting from a rich basket of tools and features, including professional interactive charts, advanced technical indicators and a selection of effective risk-management tools.
AlphaCapital offers its traders a demo account that allows them to hone their trading skills on a free demo account. Traders can gain experience and familiarize themselves with all the valuable tools and features offered on the ALPHA CAPITAL platform, before opening a live account and investing for real in the global financial markets. Read about FBS Broker which also offers a Demo account here.
In fact, we never advise trading with a non-licensed broker, since the financial investment service they deliver is not trustable. The reason is simple, the broker may promise the most ever competitive trading conditions or the trading environment, yet the trader has no guarantee from the official entities that oversee the Forex industry.
We strongly advise opening a trading account only with brokers that are regulated by respected world authorities such as UK brokers, Forex Brokers Australia or ASIC-regulated brokers in Australia, and reliable brokers such as FP Markets and TMGM.
Based on our findings, the AlphaCapital website is inactive. This means the broker has muted its trading offering and does not operate. However, we recommend avoiding and staying alert in case of any proposals.
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My friend paid 1500 eur to establish company to Tallin. Typical price Is some 700 eur. This company even didnt know how to do papers correct and we have to ask help from another company.
Of course Alfa Capital denied everything and didnt want To refund part Of money. Stay far away from that company!
I am facing the same issue as you but don’t pay otherwise you will lose the 4% as well. They are a scam company. Wish you wellComment Area
I invested some money last year, struggled to get hold of them and to login to my account. This afternoon I received a call from one lady who said she is a senior account manager, my previous account manager did some illegal trades by trading on my behalf which is not allowed. They must close my account and I must withdraw all my money, which has now grown to 61k. But I must fill their account closure form, send it back to them and pay 4% withdrawal fee. I can’t withdraw, I can’t trade, I didn’t even know whether they’re going to release the money should I pay the percentage they’re talking about.
I am facing the same issue as you but don’t pay otherwise you will lose the 4% as well. They are a scam company. Wish you wellComment Area