The first thing we can notice is that Alphas Crypto company doesn’t reveal any ownership details whatsoever. They do not reveal their address or contact information. Still, they want us to trust them blindly with our money.
Isn’t that interesting? Luckily, this unbiased Alphas Crypto review has all the details you need to decide if you should keep your money away from them.
Legal info: Is Alphas Crypto Legit or A Scam?
In general, we can’t expect an anonymous company like this to be legitimate. There’s only one thing that might change anyone’s opinion: a license obtained with FCA, BaFin, ASIC, or similar top-tier regulators. Logically, that’s not the case, primarily because brokers can’t manipulate their customers with those. Without it, anything is possible.
On the positive side, numerous traders reported their cases to authorities, and warnings started piling up. Primarily from the FCA, but also their move was followed by FI, CONSOB, FMA Austria, ISOCO, and MFSA. If the company tells you now they will protect your money in any way, do you still trust it?
Who are Alphas Crypto’s Victims?
With the domain registered in 2023, this company had plenty of time to build its credibility. Of course, with the Alphas Crypto reviews, we can see they didn’t. Most of their victims come from top-tier regulated countries like:
- United States
- France
- Turkiye
AUSFOREX is a similar broker to this one. Even though both platforms try to look legit, traders expose their intentions. For that reason, we encourage you to share your opinion in the comments below and contact our refund team directly if you want advice on getting your money back.
Traders Reviews
Frozen accounts are one of the most common things traders experience when getting scammed. They can’t even request a withdrawal, not to mention anything else. At least, such cases are reported on Sitejabber and Trustpilot platforms. But with mostly negative reviews, why not trust them?
The key difference comes from knowledge of how to refund the money. With this in mind, it can only be beneficial for any victim to talk to our refund experts. The first meeting is completely free, and you can find all the details you need about the refund process.
Leverage, Commissions, Spreads, Fees and Taxes
Important to realize is that only traders who deposit more than €100.000 can get fairly acceptable spreads. In this case, the minimum spreads start from 0.8 pips, but in most cases, that’s only valid for some assets.
Nevertheless, this company doesn’t share any fees or commissions. Luckily, their leverage of up to 1:500 exposes their scamming activities. Any trader who knows what regulated limitations are will know this is all a trap.
Bonuses
In general, scam brokers tend to offer welcome bonuses to new customers. In the first place, because of shady clauses that nobody reads. Thus, without transparent T&Cs and bonus policies, whether this platform offers any remains unknown.
But if you read our CapitalexPro review, you will find out how to avoid trading traps in general.
Alphas Crypto Trading Features
The company’s benefits regarding its platform include seamless design, customizable interface, technical indicators, charting tools, and one-click trading. Thus, with any top-rated software like cTrader or Meta Trader, these are only basic features. As can be seen, this broker doesn’t offer any advanced trading options whatsoever.
Trading Platforms Available
In most cases, the aforementioned platforms can be assigned to legitimate brokers. However, there are cases when offshore brokers without a license use them as well. Therefore, a trusted platform should never be a criterion when choosing a broker.
But if the broker uses only proprietary web-based platforms, that’s a criterion to stay away from them. In the first place, those platforms are often manipulated.
Available Trading Assets
Usually, tradeable assets play a big role in choosing a broker. But not with unregulated ones. Anyway, the company’s offer consists of:
- Forex – USD/JPY, EUR/NOK
- CFDs – platinum, NASDAQ, IBM
- Cryptos – ETH, DOT
Account Types
Alphas Crypto account type options present us with some support and analytical features as the key benefits. Thus, they require traders to invest at least €100.000 for those features. All the options are:
- Silver – €5.000
- Gold – €25.000
- Platinum – €100.000
- VIP – €250.000
In reality, the company’s minimum deposit requirement is most likely around €250. Be sure they don’t want to lose a client if they don’t want to deposit €5k straightforwardly.
Mobile Trading App
One of this company’s big disadvantages is the lack of trusted mobile apps. If you are an iOS or Android user, we suggest you opt for more proficient brokers for seamless trading.
Demo Account
Even though the platform access is not limited, virtual funds are not granted to traders to explore all the features. That’s especially a big problem when it comes to testing fees and commissions. That’s why trading with top-tier regulated brokers makes a big difference.
Alphas Crypto Withdrawal
As can be seen, the company has been promoting transfers via wire transfer, bank card, and crypto. But in most cases, those are just cryptos. These firms still think crypto transfers are untraceable. For that reason, we are not surprised they don’t reveal processing time and fees.
Consequently, the company can serve us various excuses for not approving any Alphas Crypto withdrawal request. Luckily, traders have alternatives nowadays.
Customer Support
With only e-mail as the contact option, this company is certainly not the most trusted one. They are trying to keep their anonymity on the highest level. In most cases, it doesn’t work for experienced traders. Instead, traders should opt for brokers with transparent contact options and legal information to feel secure.
Key Information To Consider About Alphas Crypto
As can be seen, the Alphas Crypto scam broker is trying to manipulate every single trader, whether with fictive trading platforms, shady trading conditions, or withdrawal policy. Whatever you do, withdrawals are practically impossible. That’s why traders reach out to our refund experts for assistance. Refund options are almost always available.
Even if the client was sending cryptos, there are tools like CipherTrace that can solve our problems. In the end, we always recommend traders leave it to professionals to avoid additional mistakes. Get in touch with our refund team and start your chargeback process today!
FAQ Section
What is Alphas Crypto?
Alphas Crypto is an anonymous trading firm that has been operating since 2023 and has already been found on numerous warning lists.
Where is Alphas Crypto Located?
The company’s headquarters are unknown and that adds up to the company’s low credibility score.
How to Get Money Back From a Scam Broker?
In most cases, if traders can’t use chargeback they need CipherTrace for crypto tracking and alternative refund methods. For detailed assistance, contact our refund experts.
Source:
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