Caution Investors Alpinetrade.co – Regarding registration of issuance, offer or sale of securities/derivatives, and reporting requirements.
Overview:
Alpinetrade.co is a website that offers online trading services for various financial instruments, such as forex, CFDs, commodities, indices, stocks, and cryptocurrencies. The website claims to be operated by Alpine Trade Ltd, a company allegedly registered and regulated by the Swiss Financial Market Supervisory Authority (Finma). However, a quick search on Finma’s website reveals that Alpine Trade Ltd has not entered into 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 from a reputable regulator.
Regulation and Compliance:
As mentioned above, Alpinetrade.co is not regulated by Finma or any other regulator. This poses a serious risk for investors who deposit their money with the broker. Unregulated brokers are not bound by any rules or standards of conduct and can manipulate prices, execute trades against their clients, refuse withdrawals, or even disappear with their clients’ funds. Moreover, unregulated brokers are not covered by any compensation scheme or dispute resolution mechanism, which means that investors have no recourse if they encounter any problems or losses with the broker.
Customer Reviews:
A quick online search reveals that Alpinetrade.co has received many negative reviews from its customers. Many of them complain about the broker’s poor customer service, high fees and commissions, delayed or denied withdrawals, aggressive marketing tactics, and false promises of profits. Some of them even accuse the broker of being a scam and warn others to stay away from it.
Products and Services:
Alpinetrade.co offers a variety of trading products and services, such as:
– A web-based trading platform that supports multiple languages and devices
– A range of account types with different minimum deposits, spreads, leverage, and bonuses
– A selection of payment methods, including credit cards, wire transfers, e-wallets, and cryptocurrencies
– A variety of educational resources, such as articles, videos, webinars, and ebooks
– A customer loyalty program that rewards clients with points that can be redeemed for gifts or cash
However, these products and services are not unique or competitive in the market. Many other brokers offer similar or better features and benefits for their clients. Moreover, these products and services are not reliable or trustworthy, as they are provided by an unregulated and fraudulent broker.
Location:
Alpinetrade.co claims to have its headquarters in Zurich, Switzerland. However, this is most likely a false claim, as the broker is not registered or regulated in Switzerland. The website does not provide any physical address or phone number for its office. The only way to contact the broker is through an email form or a live chat feature on the website. This makes it difficult to verify the broker’s location or identity.
Customer Service:
Alpinetrade.co claims to have a professional and friendly customer service team that is available 24/7 to assist its clients. However, this is another false claim, as many customers have reported that the broker’s customer service is poor and unresponsive. Many customers have complained that the broker’s representatives are rude, aggressive, or ignorant. Some customers have also reported that the broker’s representatives have tried to pressure them into depositing more money or accepting unwanted bonuses.
Is Your Money Safe in an unregulated company?
The answer is no. Investing with an unregulated company like Alpinetrade.co is extremely risky and dangerous. Unregulated companies are not subject to any rules or regulations that protect investors’ rights and interests. They can operate in any way they want without any accountability or transparency. They can manipulate prices, execute trades against their clients, refuse withdrawals, or even disappear with their clients’ funds. Moreover, unregulated companies are not covered by any compensation scheme or dispute resolution mechanism, which means that investors have no recourse if they encounter any problems or losses with the company.
Defensive Measures Against Fraudulent Brokers:
To avoid falling victim to fraudulent brokers like Alpinetrade.co, investors should take some defensive measures before choosing a broker to trade with. These measures include:
– Checking the broker’s regulatory status and license on the official website of the relevant authority
– Reading the broker’s terms and conditions carefully and understanding the fees, commissions, spreads, leverage, bonuses, and withdrawal policies
– Researching the broker’s reputation and customer feedback on online forums and review sites
– Testing the broker’s trading platform and customer service with a demo account or a small deposit
– Avoiding brokers that offer unrealistic returns or guarantees of profits
– Avoiding brokers that use high-pressure sales tactics or unsolicited calls or emails
– Reporting any suspicious or fraudulent activity to the relevant authority or law enforcement agency
Conclusion:
Alpinetrade.co is a forex and CFD broker that claims to be regulated by Finma but is not. The broker is operating illegally and without any oversight from a reputable regulator. The broker has received many negative reviews from its customers, who have complained about the broker’s poor customer service, high fees and commissions, delayed or denied withdrawals, aggressive marketing tactics, and false promises of profits. The broker’s products and services are not unique or competitive in the market. The broker’s location and identity are not verifiable. Investing with a broker is extremely risky and dangerous, as unregulated companies can manipulate prices, execute trades against their clients, refuse withdrawals, or even disappear with their clients’ funds. Moreover, unregulated companies are not covered by any compensation scheme or dispute resolution mechanism, which means that investors have no recourse if they encounter any problems or losses with the broker. Therefore, we advise our readers to avoid Alpinetrade.co and choose a regulated and reputable broker instead.
