Alpinetrade.co Review

Alpinetradeco

Warning Investors Alpinetrade.co – Regarding registration of issuance, offer or sale of securities/derivatives, and reporting requirements.

Introduction:

If you are looking for a reliable and regulated forex and CFD broker, you may want to steer clear of Alpinetrade.co. This broker claims to offer trading on various assets, such as currencies, commodities, indices, stocks, and cryptocurrencies, with low spreads and high leverage. However, several red flags indicate that Alpinetrade.co is not a trustworthy broker.

Regulation and Compliance:

The most alarming sign is that Alpinetrade.co is not regulated by any reputable authority. Finma, the Swiss financial regulator, has issued a warning against this broker, stating that it has not entered the commercial register and is not authorized to provide financial services in Switzerland. This means that Alpinetrade.co is operating illegally and without any oversight or protection for its clients. If you deposit your money with this broker, you may never see it again.

Customer Support:

Another warning sign is that Alpinetrade.co has very poor customer support. The broker does not provide any phone number or physical address on its website. The only way to contact them is via email or a web form. However, many customers have complained that they never received any response from the broker or that they were ignored or blocked when they tried to withdraw their funds.

Customer Reviews:

The customer reviews of Alpinetrade.co are also very negative and alarming. Many customers have reported that they were scammed by this broker and lost their money. Some of the common complaints include:

– The broker uses aggressive and misleading marketing tactics to lure customers into depositing large amounts of money.

– The broker does not allow customers to withdraw their funds or charge exorbitant fees and commissions.

– The broker manipulates the trading platform and prices to make customers lose their trades.

– The broker does not honor the terms and conditions of the service agreement.

– The broker harasses and threatens customers who try to complain or expose their fraudulent activities.

Measures to Avoid Scam Brokerages:

Given the high risk of losing your money with Alpinetrade.co, we strongly advise you to avoid this broker and look for a more reputable and regulated one. Here are some measures you can take to avoid scam brokerages and protect your funds:

– Always check the regulatory status of the broker before opening an account. Look for brokers that are licensed and supervised by well-known authorities, such as FCA, CySEC, ASIC, etc.

– Always read the terms and conditions of the service agreement carefully and understand your rights and obligations as a customer.

– Always verify the contact details and physical address of the broker and test their customer support service.

– Always research the reputation and feedback of the broker online and look for independent reviews from other customers.

– Always use secure payment methods and avoid sharing your personal or financial information with unverified third parties.

– Always start with a small amount of money and test the trading platform and conditions before investing more.

– Always monitor your account activity and report any suspicious or unauthorized transactions to your bank or payment provider.

Conclusion:

Alpinetrade.co is a scam brokerage that is not regulated by Finma or any other authority. It has been warned by Finma for operating illegally and without any protection for its clients. It has also received numerous complaints from customers who have been scammed and lost their money. Therefore, we urge you to stay away from this broker and look for a more reliable and regulated one.


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