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Caution Investors Alpha Alliance Inc. – Regarding market intermediaries (investment and trading advisers, collective investment schemes, brokers, dealers, and transfer agents)
Overview of Alpha Alliance Inc.
Alpha Alliance Inc. is a market intermediary that claims to provide investment and trading advice, collective investment schemes, brokerage, dealing, and transfer agent services to its clients. The company claims to have over 20 years of experience in the financial markets and to offer customized solutions to meet the needs of different investors and traders. The company also claims to have a team of qualified and experienced professionals who can help clients achieve their financial goals.
Regulation and Compliance of Alpha Alliance Inc.
However, according to a warning issued by the British Columbia Securities Commission (BCSC), Alpha Alliance Inc. is not registered to trade in, or advise on, securities or exchange contracts in British Columbia. The BCSC also stated that the company is not registered in any other jurisdiction in Canada and that it has not filed a prospectus or an exemption from prospectus requirements in British Columbia. The BCSC warned the public to exercise caution when dealing with Alpha Alliance Inc. or any of its representatives.
Customer Reviews of Alpha Alliance Inc.
A quick search on the internet reveals that Alpha Alliance Inc. has received many negative reviews from customers who have dealt with the company. Some of the common complaints include:
– The company uses high-pressure sales tactics to persuade customers to invest large amounts of money in risky or dubious schemes.
– The company charges excessive fees and commissions that are not disclosed upfront or are hidden in the fine print of the contracts.
– The company does not provide adequate or accurate information about the risks, returns, or performance of the products and services it offers.
– The company does not honor withdrawal requests or refunds and ignores or blocks customer inquiries or complaints.
– The company uses fake or misleading testimonials, endorsements, awards, or credentials to promote its products and services.
Products and Services Offered By Alpha Alliance Inc.
According to its website, Alpha Alliance Inc. offers a range of products and services to its customers, such as:
– Investment and trading advice: The company claims to provide expert guidance and recommendations on various asset classes, such as stocks, bonds, commodities, currencies, options, futures, and cryptocurrencies.
– Collective investment schemes: The company claims to offer access to various pooled funds, such as mutual funds, hedge funds, exchange-traded funds (ETFs), real estate investment trusts (REITs), and private equity funds.
– Brokerage: The company claims to offer online trading platforms and tools that allow customers to execute trades on various markets and exchanges around the world.
– Dealing: The company claims to act as a principal or agent in buying or selling securities or exchange contracts on behalf of its customers.
– Transfer agent: The company claims to provide record-keeping and administrative services for securities issuers and holders.
Location of Alpha Alliance Inc.
According to its website, Alpha Alliance Inc. has its headquarters in London, United Kingdom. However, the website does not provide any physical address or contact details for the company. Moreover, the website domain name was registered only in November 2023 using a privacy protection service that conceals the identity and location of the registrant. Furthermore, the website does not have any security certificates or encryption protocols that protect the privacy and security of the users.
Customer Service Provided By Alpha Alliance Inc.
According to its website, Alpha Alliance Inc. provides customer service through phone, email, live chat, and social media channels. However, many customers have reported that the company’s customer service is either unresponsive or unhelpful. Some of the common issues include:
– The phone numbers provided by the company are either disconnected or busy.
– The email addresses provided by the company are either invalid or ignored.
– The live chat feature on the website is either offline or automated.
– The social media accounts of the company are either inactive or deleted.
Defensive Measures Against Fraudulent Brokers
The BCSC advises the public to be vigilant when dealing with market intermediaries like Alpha Alliance Inc. and to take some defensive measures before investing with them, such as:
– Check the registration status of the company and its representatives with the BCSC or other securities regulators in Canada.
– Read the disclosure documents of the company carefully and understand the risks, fees, commissions, conflicts of interest, and performance history of the products and services it offers.
– Verify the credentials, qualifications, experience, and reputation of the company and its representatives through independent sources.
– Avoid signing any contracts or agreements without reading them thoroughly and seeking legal advice if necessary.
– Be wary of any promises or guarantees of high returns with low risk or pressure to invest quickly or urgently.
– Report any suspicious or fraudulent activities of the company or its representatives to the BCSC or other authorities.
Alpha Alliance Inc. is a market intermediary that offers various products and services to investors and traders. However, the company is not registered or regulated by the BCSC or any other securities regulator in Canada and has been warned by the BCSC for its illegal and deceptive practices. The company has also received many negative reviews from customers who have experienced losses, fraud, or dissatisfaction with the company. Therefore, it is advisable to avoid dealing with Alpha Alliance Inc. or any of its representatives and to take some defensive measures before investing with any market intermediary.