Score
ALPHA TRADEX
Saint Vincent and the Grenadines|5-10 years| https://www.alphatradex.com/
Website
Rating Index
Influence
Influence
D
Influence index NO.1
Taiwan 2.51Contact
Licenses
Licensed Institution：ALPHA TRADEX (AUST.) PTY LTD
License No.：001280871
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
Saint Vincent and the Grenadines
5-10 years Suspicious Regulatory License Suspicious Scope of Business Australia Appointed Representative(AR) Revoked High potential riskAccount Information
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Total Margin Trend
| VPS Region | User | Products | Closing time |
|---|---|---|---|
 Bangkok | 715*** | ETHEREUM | 12-22 01:04:48 |
 HoChiMinh | 460*** | ETHEREUM | 12-22 00:05:01 |
 Dubai | 718*** | ETHEREUM | 12-21 22:00:05 |
Stop Out
0.88%
Stop Out Symbol Distribution
6 months
Website
alphatradex-b.com
Server Location
United States
Website Domain Name
alphatradex-b.com
Server IP
35.206.112.9
-
alphatradex-cn.com
Server Location
United States
Website Domain Name
alphatradex-cn.com
Server IP
74.86.17.48
-
alphatradex.com
Server Location
Ireland
Website Domain Name
alphatradex.com
Website
WHOIS.GODADDY.COM
Company
GODADDY.COM, LLC
Domain Effective Date
2018-08-06
Server IP
31.13.92.35
Company Summary
| Aspect | Details |
| Company Name | Alpha Tradex Ltd |
| Registered Country | Saint Vincent and the Grenadines |
| Founded Year | 2019 |
| Regulation | None (Registration revoked by the Australia Securities & Investment Commission) |
| Tradable Assets | Metals, Forex, Indices, Commodities |
| Account Types | Standard, ECN, Swap-Free |
| Minimum Deposit | $50 |
| Maximum Leverage | Forex - 1:500, Indices - 1:100, Commodities - 1:100 |
| Spreads | Standard: from 1 pip; ECN: from 0 pip; Swap-Free: from 0.8 pips |
| Trading Platforms | MT4 |
| Customer Support | Email: support@alphatradex.com, Phone: +41 315-281-429 |
| Deposit & Withdrawal | Debit/credit cards, bank wire, Skrill, Neteller, FasaPay, UPayCard, PayTrust, Bitcoin, BitcoinCash, Ethereum, Dash, Ripple, Litecoin |
Overview of ALPHA TRADEX
Alpha Tradex Ltd, established in 2019 and registered in Saint Vincent and the Grenadines, offers trading services in metals, forex, indices, and commodities. The broker operates without regulatory oversight following the revocation of its registration by the Australia Securities & Investment Commission (ASIC). Alpha Tradex provides Standard, ECN, and Swap-Free accounts with a minimum deposit of $50 and leverage up to 1:500 for forex. Clients can use the MetaTrader 4 (MT4) platform and various deposit and withdrawal methods, including cryptocurrencies. However, the broker's website is inaccessible currently.
Pros and Cons
Alpha Tradex provides access to the widely used MT4 trading platform. The broker also offers three distinct account types, with high leverage of up to 1:500. Multiple payment methods, including debit and credit cards, bank transfers, and various e-wallets, offer flexibility and convenience for deposits and withdrawals.
However, Alpha Tradex is not regulated. Its license with the Australian Securities & Investments Commission (ASIC) has been revoked. Furthermore, the official website is no longer accessible, which limits the ability of traders to gather information or access their accounts. There is also a lack of transparency regarding fees, which can lead to unexpected costs for traders.
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Is ALPHA TRADEX legit or a scam？
Alpha Tradex is currently unregulated after the revocation of its Australian Securities & Investments Commission (ASIC) license. Unregulated brokers often lack safeguards and transparency.
Market Instruments
The broker provides a broad array of trading instruments across various asset classes, including metals, forex, indices, and commodities.
Metals: These include valuable metals such as gold and silver, known for their stability and use as hedging instruments.
Forex: Involves the trading of global currencies, providing high liquidity and a variety of currency pairs.
Indices: Represents baskets of stocks, offering exposure to entire markets or specific sectors.
Commodities: Encompasses physical assets like oil and agricultural products, influenced by global supply and demand.
Account Types
Alpha Tradex requires a minimum deposit of $50, and offers three types of trading accounts: Standard, ECN, and Swap-Free.
The Standard Account offers maximum leverage of 1:500 for forex, 1:100 for indices, and 1:100 for commodities, and features spreads starting from 1 pip.
The ECN Account also provides the same maximum leverage, leverage of 1:500 for forex, 1:100 for indices, and 1:100 for commodities, and offers spreads from 0 pips, ideal for traders seeking lower transaction costs.
The Swap-Free Account meets the needs of traders requiring swap-free conditions, with the same leverage - 1:500 for forex, 1:100 for indices, and 1:100 for commodities. Spreads start from 0.8 pips.
All account types support trading in forex, CFDs, and commodities.
| Aspect | Standard Account | ECN Account | Swap-Free Account |
| Maximum Leverage | 1:500 (forex), 1:100 (indices, commodities) | 1:500 (forex), 1:100 (indices, commodities) | 1:500 (forex), 1:100 (indices, commodities) |
| Spreads | From 1 pip | From 0 pips | From 0.8 pips |
How to Open an Account with ALPHA TRADEX
Alpha Tradex's website is currently inaccessible. For help with opening an account, contact their customer support via phone at +41 315-281-429 or by email at support@alphatradex.com.
Leverage
Alpha Tradex offers a maximum trading leverage of up to 1:500 for forex trading. Leverage for indices and commodities is limited to 1:100. Being an unregulated broker, Alpha Tradex's provision of such high leverage could be a strategy to attract more traders.
Spreads & Commissions
The Standard account offers spreads starting from 1 pip. The ECN account provides tighter spreads from 0 pips. For those requiring a swap-free solution, the Swap Free account offers spreads starting from 0.8 pips.
Trading Platform
Alpha Tradex supports the versatile MetaTrader 4 (MT4) platform, celebrated for its comprehensive features and ease of use. Accessible on desktops, web browsers, and mobile devices, MT4 offers advanced charting tools, in-depth technical analysis, and automated trading via Expert Advisors (EAs).
Deposit & Withdrawal
Alpha Tradex provides several payment methods for deposits and withdrawals. The available methods include debit and credit cards, bank wire transfers, and various e-wallets such as Skrill, Neteller, FASAPAY, UPayCard, PayTrust, and cryptocurrencies like Bitcoin, BitcoinCash, Ethereum, Dash, Ripple, and Litecoin.
Customer Support
Email: support@alphatradex.com
Phone: +41 315-281-429
Conclusion
Alpha Tradex offers trading services in metals, forex, indices, and commodities. While it provides three account types, a familiar MT4 trading platform, and high leverage options of up to 1:500, its lack of regulation following the revocation of its ASIC license indicates potential challenges. The inability to access the official website hampers transparency, making it challenging for traders to acquire vital information or manage their accounts. Additionally, the absence of clear fee structures can lead to unexpected costs.
FAQs
Q: Is Alpha Tradex a regulated broker？
A: No, Alpha Tradex is unregulated following the revocation of its ASIC license.
Q: What trading platform does Alpha Tradex use？
A: Alpha Tradex provides the widely recognized MT4 platform.
Q: How much is the minimum deposit required？
A: The minimum deposit starts at $50 across all account types.
Q: What leverage does Alpha Tradex offer for trading？
A: The leverage goes up to 1:500 for forex, and up to 1:100 for indices and commodities.
Q: How do I contact Alpha Tradex support？
A: Customer support is accessible via email (support@alphatradex.com) and phone (+41 315-281-429).
Q: Which deposit and withdrawal methods can be used with Alpha Tradex？
A: Debit/credit cards, bank transfers, e-wallets, and cryptocurrencies like Bitcoin and Ethereum are accepted.
Risk Warning
Online trading poses substantial risks, with the potential for complete loss of invested capital, rendering it unsuitable for all traders. It is imperative to comprehend the inherent risks and acknowledge that the information provided in this review is subject to change due to continuous updates in the company's services and policies.
Additionally, the review's generation date is a critical consideration, as information may have evolved since then. We strongly advise readers to verify updated details directly with the company before making any decisions, as the readers must be aware of and willing to accept the inherent risks involved in utilizing this information.
Keywords
- 5-10 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- Australia Appointed Representative(AR) Revoked
- High potential risk
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gustavo_fring
Malaysia
I deposited a margin of $350,000 in my account. I was reassured because the broker claimed on its website that it was under the regulation of several authorities, including the Australian Securities and Investments Commission (ASIC). In the week following the deposit, I made a profit of over $20,000, a really high return. I submitted a withdrawal request for $100,000 on October 3, but it was kept under processing. Thereafter, I submitted another withdrawal request for $50,000, which was under the same status. These requests have not been approved yet. I contacted the platform's customer service at once but only received automatic replies. Soon after, I found my account disabled when I tried to log in again. I questioned the customer service but was still replied automatically. Until this time I realized I had been swindled!
Exposure
2021-09-17
FX2681578713
Philippines
My first deposit was $3000 for a good start. I made a good profit of the deposited money. And I was encouraged by their advice that to be able to have a high profit income I will double my deposit so that I could have $100,000 in 3 months of trading. They are starting to be rude. Sometimes they will not answer my emails. That’s why I decided to withdraw all the money including my profit. But the request that I sent was rejected. I sent them an email and they called me back and offered to retrieve the money for me but I have to pay 10% up front and then 10% after, of the full amount of profit that I have. I haven’t paid them anything. And now there are ignoring me.
Exposure
2021-09-11
FX2046354843
Philippines
I had a bad experience in Forex Trading. After depositing $1000, I made a profit of it. As I need to increase my capital so i deposited additional 1000$. I opened couple of trades and I made some profit but i lost more till 500$. Now this broker is asking to invest additional 2k$ which I told him I don’t have since then I haven't received a call from him. And now My account was on hold and I was unable to make a withdraw the profit from my account.
Exposure
2021-09-08
gustavo_fring
Malaysia
Just like anybody else, I met a “girl” on Tinder last summer. She said that she wanted to make friends with me. Later, she told me what she was doing in her free time - Forex trading. She asked me to install Meta Trader 4 and try the demo account. I did so for one month. Later, she persuaded me to open a real account to start trading. After one month of trading, I wanted to withdraw my profit. But she asked me to trade once more, and it was a total loss. I LOST 30,000 US dollars. A few weeks after that, the broker changed its name. I asked her what happened. She said that the broker was upgrading. Stupidly I believed that! My “friend” said she wanted to help me get a bonus to recover my loss. She made a $40,000 deposit for me, and I made $10,000. So in total I had $50,000 in my trading account. I was supposed to have a $50,000 bonus at the end of the month, but my account was BLOCKED when I wanted to withdraw them. Soon, the broker changed its name again.
Exposure
2021-09-02
Mayaz Ahmad
Bangladesh
I have a copy of Master account at Alphatradex (copytrade) with 06 accounts but only 1 day to 2 weeks, the accounts stopped tracking from 11/04/2020, and most of the accounts are negative 50% of the capital. , we continue to fund those accounts to trade with a total amount of 32,000 USD. From October 8, 2020 to November 30, 2020, withdrawals are still taking place as usual, but from December 1, 2020, Alphatradex considers that some accounts are hedging and the account is closed. lock up.
Exposure
2021-08-31
FX3843436237
Malaysia
Absconded. No on answers. Unable to login and withdraw. I've called the police. The picture is the receipt of filing teh case
Exposure
2021-06-21
比糊椒蝦還蝦
Taiwan
The spreads became huge immediately. But they didn't admit!
Exposure
2021-06-18
FX2734165243
Vietnam
The broker deleted investors' accounts auto,atically. Unable to withdraw.
Exposure
2021-04-28
FX3021052466
Singapore
I've complained many times. But this broker just ignored me and deleted my account! If you don't trust me, you can go to its official web and call their customer service. No one answers your call!
Exposure
2021-03-30
YSDJSTCKTO
Japan
I made a profit of $30,000. But they rejected my withdrawal. And they deleted not only all my profit, but also my trading report. I saved my trading report before they deleted it. So I have appealed for refund of profit via e-mails many times, but they couldn’t explain enough and they were gone. Alpha TradeX is SCAM. Do not deposit.
Exposure
2021-03-26
Ny Mitsit
Vietnam
Can't trade here anymore because of the severe slippage
Exposure
2021-02-03
Ny Mitsit
Vietnam
Can't withdraw funds for a month
Exposure
2021-02-03
FX1523877713
Vietnam
All customers cannot withdraw money. -Today I am here to complain and they look forward to getting help!
Exposure
2021-02-03
Ny Mitsit
Vietnam
The process of the withdrawal has cost much time.
Exposure
2021-02-02
FX2422075372
Vietnam
I closed my trading account and waited for my witdhrawals but I can't receive it. The broker can't give me an explanation, either.
Exposure
2021-02-02
Bùi Thanh Hiền
Vietnam
I contacted their support team but they just told me that I should be waiting patiently
Exposure
2021-02-02
FX3114664934
Vietnam
You can't withdraw funds at all. And I aked them, but they couldn't give me an explanation
Exposure
2021-01-30
FX3762442939
Vietnam
The y haven't approved my applications yet. ID: 6010669
Exposure
2021-01-25
FX7419290563
Hong Kong
Unable to log in, contact them or withdraw funds. They must abscond. Pay attention, guys
Exposure
2021-01-14
FX1448586772
Vietnam
Freeze your account and delete transaction history randomly. Besides, they haven't handled this problem for us and there is no response. I can't wait. They should compensate us
Exposure
2021-01-02