Should You Trust AlphaTrends? A Comprehensive Review of alphatrends.pro

Many newcomers and even some experienced players in the trading world seek new opportunities to make money on similarly new or lesser-known trading platforms. They usually operate under the assumption that emerging projects will go to great lengths to attract new clients, offering them the most favorable conditions. However, this strategy carries significant risks, especially when dealing with fraudulent organizations that often target such users. Therefore, it is crucial to thoroughly examine the AlphaTrends review before deciding to work with this broker.

Is AlphaTrends a Trusted Platform?

This organization claims to be based in the United Kingdom, even providing a London office address. An experienced trader will immediately verify such information. It’s easy to claim that a company is located in one country when, in reality, the fraudsters are operating from a completely different place. All information related to British companies can be found on the Companies House resource. A search for AlphaTrends on this site yielded no results, indicating that this pseudo-broker has no connection to the UK.

The company’s website also lacks information about a license. In the UK, brokers are licensed by the FCA, but there is no record of such a document being issued to AlphaTrends. This means that AlphaTrends has no legal right to offer brokerage services. Traders who plan to work with this organization should pay close attention to this fact. In case of conflicts (e.g., when withdrawing funds), there will be no regulatory authority to complain to, as the company has not been licensed.

Even offshore regulators, who often provide such documents to dubious brokers, have not done so in this case. This further suggests that AlphaTrends’ reputation is questionable.

Concerned About Withdrawal?

Making a deposit into a trading account is not as straightforward with this pseudo-broker as it is with many others. The broker doesn’t even specify how to do this until after an account is registered. Fortunately, creating an account is a quick process, but a mobile phone number must be provided. Once a trader registers, they are informed that deposits can be made via bank cards. However, attempting to use this option results in failure, with the company instructing users to consult a manager for assistance. It’s almost certain that an AlphaTrends representative will call and aggressively push the company’s services.

Withdrawals can be made to bank cards and cryptocurrencies, but there is no information on the timeframe for the funds to reach the account.

How Long Does The Broker Work?

According to their claims, the project has been operational since 2020. However, the truth is slightly different. The fraudsters created their website in July 2024, as revealed by a Whois search. This indicates that AlphaTrends is a typical “boiler room” operation, where no money is actually being traded on the financial markets for cryptocurrencies, indices, stocks, etc. Everything happens “within” the company, and clients are shown attractive charts. Such organizations don’t last long, as negative reviews quickly surface. Therefore, it’s no surprise that AlphaTrends hasn’t been around for long; this pseudo-broker won’t be able to operate for an extended period. Attention! This review belongs to InvestExpertHub.

Other Signs of Fraud

❗The minimum amount required to start trading is $5,000. Typically, only a few dozen to a few hundred dollars or euros are needed to begin trading. Such a high minimum deposit suggests that the fraudsters are keen on deceiving wealthy clients.

❗Additionally, the leverage offered is as high as 1:200, which is quite substantial. An inexperienced client is likely to incur losses, which is exactly what the fraudsters want. They will blame the trader for the loss to justify the disappearance of the funds.

AlphaTrends Review Conclusions

AlphaTrends is not recommended for collaboration. The company does not even have a proper registration or license, so there is no regulatory authority to complain to in case of problems.

➕A well-designed website.

➖The company doesn’t officially exist.

➖No license.

➖High minimum deposit.

➖Unclear how to fund the account, as the option is not currently available on the website.

FAQ

Brief Conditions

Type	Forex
Location	UK
Establishment Year	2024
Regulation	❌
Customer Service	+442037508557
Languages	En
Demo Account	❌
Mobile Trading	✅
Web-based Trading	✅
Bonuses	❌
Minimum Deposit	$5,000
Max. Leverage	1:200
Scalping Allowed	✅