Alpha Exchange International Review – The Flaws in its Story

Alpha Exchange International Review

The activities of scam brokerages have only intensified over the years, as a greater number of people have entered the financial markets. This has given them a greater pool of victims, so they have continued to proliferate and people have suffered at their hands.

When you decide to delve into online trading space, you certainly do not want to become another victim of these fraudulent brokers. But, accomplishing this goal is easier said than done.

It is because these companies are good at hiding, as you will learn in this Alpha Exchange International review, and you have to make some effort to find out the truth.

If you are willing to make this effort, you will be able to protect yourself from these criminals, but if you are not, then there will be consequences that you might come to regret later.

The important thing to bear in mind is that it is not that difficult to figure out if a company is a scam or not, as long as you put in some effort to study its offerings. This will help you determine if there are any flaws in its story and if there are, then you can walk away.

It is best to not take the risk of signing up with such a brokerage because you could eventually become a victim. These fraudsters are also ready to go to great lengths to convince you that they are genuine and include all the right ingredients that are necessary for portraying that image.

They disguise themselves and their flaws really well, so you have to work a bit to uncover the reality and this really pays off. It definitely does in the case of Alpha Exchange International that boasts a very convincing website.

You will find all relevant information available in an orderly manner and Alpha Exchange International also claims to be regulated, which also works in its favor. But, as fantastic as it does sound, you need to take a closer look to see if there are flaws and you will find plenty of them here. Read on to learn a few:

False licensing claim

Dealing with a licensed brokerage is the best route for you to avoid falling into any kind of trap. As long as the company has a license, you can trust it to provide quality services, security and transparency in all matters.

However, you should bear in mind that it actually has to be licensed to be considered credible and not just claim to be licensed because this can be false as well. This is exactly what the case is with Alpha Exchange International and you will discover it when you follow up their claims.

According to its website, it is based in the United Kingdom, which means it is regulated by the Financial Conduct Authority (FCA).

If you use the license number that it has given on its website to search in the FCA’s online register, you will find that it belongs to an entirely different entity. The number does not belong to Alpha Exchange International PLC, as the website falsely claims, but actually belongs to Activetrades Plc.

What does this tell you? It shows that Alpha Exchange International is actually a clone scam because it has copied the details of a legitimate broker called ActivTrades to use as its own in order to fool people into thinking it is legitimate.

Regulatory warning

You will also come to know that Alpha Exchange International is not just running a clone scam, but is also part of a serial scam.

This is evident in the warning that has been issued by the Securities Commission of the Bahamas (SCB), which shows that there is a twin website that has the same content as that of Alpha Exchange International and this one is alpha-tradestation.com.

This is a common tactic that many scammers use in the event that one of their websites is exposed as a scam. They then switch to another to continue looking for victims and this is what Alpha Exchange International seems to be doing too.

Lies about trading platform

When you check the offerings at Alpha Exchange International, you will find that the brokerage is promising its clients access to the MT4 and the MT5 trading platforms.

These are the top two solutions available in the market, so this will definitely impress traders. Unfortunately, this turns out to be a lie when you check out the trading platform that the broker does offer.

A look at the website shows that there is some kind of binary options trading platform available at Alpha Exchange International that boasts a bunch of charts, which are directly taken from Trading View. The fact that there is no professional trading platform available is yet another sign that you are dealing with a scam.

Poor trading conditions

The trading conditions are already rendered moot because Alpha Exchange International does not seem to support CFD trading at all. It is apparently offering binary options trading, which it does not disclose and this is yet another flaw that confirms that you are not dealing with a genuine entity.

But, even if you were to consider the trading conditions, they are not exactly appealing. This is because Alpha Exchange International is offering leverage ratios as high as 1:400 and such levels are forbidden by the FCA in the UK, where the broker claims to be licensed.

No possibility of refund

Another flaw that you will uncover in your research of Alpha Exchange International is that they may have advertised a number of payment methods on their platform, but they only support one.

You will see logos of VISA, MasterCard, Skrill and Neteller on the website, but you can only make deposits in crypto, which is also typical of scammers.

Crypto payments are not eligible for chargeback, which means you get no refund and they are also anonymous, which benefits fraudsters like Alpha Exchange International.

Bottom Line

These flaws that you uncover in the story of Alpha Exchange International show that it is a fraudulent broker.