Updated on February 14, 2024
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In our rigorous review process, a team of seasoned financial specialists, boasting more than 20 years of experience in Forex trading, carries out an exhaustive evaluation of various trading services. Our team delves deep into the investigation of fees, assesses the trading platforms, and verifies adherence to regulatory standards. We also interact directly with customer support and conduct actual trades to gain a real-world understanding of the trading conditions. This comprehensive approach enables us to provide informed insights and advice on why we recommend avoiding AlphaCapital due to the issues we've identified.
Is AlphaCapital Scam or Legit Broker? ▲
AlphaCapital has raised significant concerns suggesting it operates as a scam broker. This entity has found itself on the blacklist of a prominent regulatory authority, signaling that traders should steer clear of its services. Owned by Alpha Capital Securities Ltd, a company seated in the offshore jurisdiction of the Marshall Islands, it's clear why skepticism surrounds its operations. The Marshall Islands are notorious for their lax regulatory environment, offering minimal oversight, which has unfortunately made it a haven for questionable forex brokerage firms like MegaTradeFX and Finbitex, among others.
Registered in: No Registration
Type of License: No License
Is Alpha Capital safe to trade: No
AlphaCapital presents itself as a leading brokerage entity, promising advanced, secure trading solutions for investors at all levels. It boasts of providing state-of-the-art, feature-rich trading platforms, claiming minimal latency and superior liquidity, sourced from top financial institutions for trading Forex and Equity markets. Despite these claims, AlphaCapital operates under the trading name of Alpha Capital Securities Ltd, located in Tallinn, Estonia, without any oversight or authorization from reputable regulatory bodies such as the FCA (UK), BaFIN (Germany), or Estonian local regulators. The payment provider for AlphaCapital, Nostro Technology OÜ, situated in Tallinn (Estonia), is a subsidiary of FGM Technology Ltd, with offices also based in the Marshall Islands—a well-known offshore zone offering very little in terms of operational requirements for financial investment firms.
AlphaCapital delineates various account types, each with distinct minimum deposit prerequisites, though these amounts remain undisclosed. The broker accepts a plethora of deposit methods, including bank transfers and an array of credit cards. Furthermore, it provides withdrawal options that align with the methods used for account funding. However, for payment services like Western Union or CashU, which do not support account creation, AlphaCapital pledges to process withdrawals directly to the client's bank account.
The mobile platform of AlphaCapital is engineered to be user-friendly, compatible across Android and Apple devices. It hosts an extensive range of available assets, live streaming quotes, and comprehensive account management features. Users can select from various order types, access their trading history, and check account status effortlessly. The platform is designed for trading on-the-go, equipped with professional interactive charts, advanced technical indicators, and multiple risk-management tools.
AlphaCapital offers a demo account, enabling traders to refine their trading skills in a risk-free environment. This allows for a hands-on experience with all the essential tools and functionalities available on the ALPHA CAPITAL platform, ensuring that traders are well-acquainted with the trading environment before transitioning to a live account for real investments in the global financial markets.
Trading with an unlicensed broker exposes investors to considerable risk, as there is no regulatory guarantee safeguarding the trading environment or the competitive conditions promised. Our strong recommendation is to engage only with brokers regulated by renowned global authorities, such as those in the UK, Australia (ASIC-regulated). Due to the numerous red flags associated with AlphaCapital, including lack of proper licensing, offshore registration, and negative trader reviews, we advise against trading with them.
Recent investigations reveal that the AlphaCapital website is currently inactive, indicating that the broker has ceased its trading services. Regardless, we urge potential traders to remain vigilant and avoid any engagement with this broker due to the potential risks involved.
When considering alternatives, brokers like Interactive Brokers, City Index, and AvaTrade stand out. They not only offer the security of stringent regulation but also bring to the table comprehensive trading solutions that can meet the needs of both novice and seasoned traders.
AlphaCapital Review 2024
