• Tue. Dec 3rd, 2024

Alpha Capital Review (alphacapital.space) FRAUD EXPOSED – Alpha Capital Scam Broker

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Byfraudulentbrokers.com

Oct 1, 2023
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Alpha Capital (alphacapital.space)
Conclusion
These worrisome details can help you see that Alpha Capital is not the broker it appears to be and should not be considered at all.
Broker Rating
0.1

Alpha Capital (alphacapital.space) is without a doubt a %100 fraudulent brokerage firm. It is NOT a real broker! Stay away! Alpha Capital scam works by getting you to believe you can become rich by trading with them.

Alpha Capital Review

Are you looking to make profits in the financial markets? There are a number of factors that play a role in this journey, but none is as vital as the online broker you choose to partner with. They will unlock the gates for you, so you have to ensure you can rely on them at every step of the way.


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Unfortunately, fraudulent brokers have also become quite prevalent in the markets and many people become victims of their tactics, thereby losing their investment. If you do not want to go through the same scenario, it is a must to check out this Alpha Capital review.

Why? It is because you need to know just how you can tell a fraudulent brokerage apart from a genuine one. There is no magic trick that can reveal the truth to you; it requires some effort on your part, but the good news is that it is not too complicated.

This means everyone can learn to stay away from scammers, as long as they know what to look for. You need to bear in mind that these criminals know just how to draw your attention. They craft their websites in a professional manner and add all the right offerings to tempt people into trusting them.

Alpha Capital website

As a matter of fact, you will find that some of them are very similar to genuine and legitimate brokers, which leaves you confused. This is primarily what they want to do, so you need to be on your guard. It should be noted that no matter how hard these scams try, they cannot become legitimate. There will always be details that give them away and this you can see firsthand when you go over Alpha Capital that claims to be a leading British financial services provider with more than a decade of experience under its belt.

It gives you the option of trading forex currency pairs, energy and soft commodities, precious metals, indices and shares, not to mention that Alpha Capital also implies being regulated by the ASIC. But, you will find some worrisome details about it when you look closely. Some of these are mentioned as follows.

The regulatory status

In its presentation, you will see that Alpha Capital claims to be headquartered in the United Kingdom, which should impress everyone. After all, the UK is one of the world’s strictly regulated markets and brokers require a license to operate in the country, so it implies that you are dealing with a regulated company. However, this license is granted by the Financial Conduct Authority (FCA) and when you check its online register for Alpha Capital, you are going to turn up empty.

This means that either Alpha Capital is not based in the UK, or is operating there illegally, none of which helps in establishing its credibility. But, this is not the only worrisome detail you will come across.

As mentioned earlier, Alpha Capital has also implied that it is regulated by the Australian Securities and Investment Commission (ASIC). Yet, the online register of the ASIC does not have Alpha Capital listed either. The lack of a license is enough for you to worry about the authenticity of Alpha Capital and to make things worse, it is trying to mislead its clients, which no genuine company would do.

It indicates that trading with Alpha Capital would not offer you any kind of security that you would otherwise get from a regulated and licensed broker.

The trading platform

The lack of license and the false implications are just the beginning because there are plenty of other worrisome details that you will find at Alpha Capital and this also includes the trading platform that it claims to offer. You should be aware that the trading platform provided by an online broker is its most vital offering because you perform all trading-related activities on it.

You are promised two trading platforms at Alpha Capital and these are two of the most popular ones in the market i.e. the MT4 and the MT5. They are considered the industry-leading platforms and their availability would certainly work in favor of Alpha Capital because it would show its commitment to its clients. But, when you scour its website to find the download link for these platforms, you are going to turn up empty.

As a matter of fact, there does not seem to be a trading platform available on the Alpha Capital website at all, which means you cannot trade and this makes it rather useless for you to open an account with it.

The trading conditions

You want to make profits and this will depend on the costs and fees you will incur during the trading process. Therefore, checking out the conditions offered by an online broker should be your priority and this is another area where you are only going to find more reasons to worry about Alpha Capital. Even though it claims to be competitive, the opposite appears to be true.

The spreads that are available at Alpha Capital start at 2.8 pips and these are not ‘ultra-tight’ as advertised. Tight spreads are usually under 1 pip, but these are considerably higher. Moreover, when you check out the levels of leverage supported at Alpha Capital, you are in for another problem. First off, the broker itself is unsure of how much ratios it supports.

At one point it has mentioned 1:300 and at another it claims to offer 1:500. Either way, brokers based in the UK, or Australia, where Alpha Capital claims to be based cannot offer such ratios at all. This is further proof that you are not dealing with a legitimate company.

The payment options

The payment options that are available at Alpha Capital should also worry you because they only support different crypto options for making payments. No matter which crypto you use, they are not eligible for a chargeback. Also, crypto payments are anonymous, so you do not know where your money is going, due to which this method is usually favored by scammers.

Final Thoughts

These worrisome details can help you see that Alpha Capital is not the broker it appears to be and should not be considered at all.

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