Alpha Alliance Inc. Review

Who is Alpha Alliance Inc.?

Alpha Alliance Inc. is a company that claims to be a market intermediary, which means it provides services such as investment and trading advice, collective investment schemes, brokerage, dealing, and transfer agent services. According to its website, Alpha Alliance Inc. is based in Vancouver, Canada, and has offices in Hong Kong, Singapore, and London. It also claims to be regulated by the BCSC, the Securities and Futures Commission of Hong Kong, the Monetary Authority of Singapore, and the Financial Conduct Authority of the UK.

Regulation of Alpha Alliance Inc.

However, the BCSC has recently issued a warning that Alpha Alliance Inc. is not registered to trade in, or advise on, securities or exchange contracts in British Columbia. The BCSC also stated that it has not authorized or recognized Alpha Alliance Inc. as a market intermediary in any jurisdiction. The BCSC advised investors to exercise caution when dealing with Alpha Alliance Inc. or any other unregistered market intermediaries.

Location of Alpha Alliance Inc.

The BCSC also warned that the address provided by Alpha Alliance Inc. on its website is not its actual location. The BCSC visited the address and found that it belongs to a virtual office service provider that rents out mailboxes and meeting rooms. The BCSC could not verify the physical presence of Alpha Alliance Inc. in Vancouver or any other location.

Services offered by Alpha Alliance Inc.

According to its website, Alpha Alliance Inc. offers a range of services to investors, such as:

– Investment and trading advice on various asset classes, including stocks, bonds, commodities, currencies, and cryptocurrencies.

– Collective investment schemes, such as mutual funds, hedge funds, exchange-traded funds, and private equity funds.

– Brokerage and dealing services, such as executing trades, clearing and settling transactions, and providing margin accounts and leverage.

– Transfer agent services, such as maintaining records of ownership and transactions, issuing and redeeming securities, and paying dividends and interest.

Reviews of Alpha Alliance Inc.

The website of Alpha Alliance Inc. features several testimonials from purported clients who praise the company for its professionalism, expertise, performance, and customer service. However, these testimonials are not verified by any independent source and may be fabricated or misleading. The website also displays logos of various media outlets, such as Bloomberg, CNBC, Forbes, and Reuters, implying that Alpha Alliance Inc. has been featured or endorsed by them. However, there is no evidence that these media outlets have ever mentioned or reviewed Alpha Alliance Inc.

Customer Service of Alpha Alliance Inc.

The website of Alpha Alliance Inc. provides a phone number and an email address for contacting the company’s customer service team. However, these contact details may not be reliable or responsive. The BCSC reported that it tried to contact Alpha Alliance Inc. by phone and email but did not receive any reply.

Securing Your Investments Against Unscrupulous Brokers

If you are considering investing with a market intermediary, such as Alpha Alliance Inc., you should do your due diligence before handing over your money. Here are some tips on how to protect yourself from unscrupulous brokers and dealers:

– Check the registration status of the market intermediary with the BCSC or other securities regulators in your jurisdiction. You can use the National Registration Search tool on the Canadian Securities Administrators website to verify if a market intermediary is registered and authorized to operate in Canada.

– Check the reputation and background of the market intermediary with independent sources, such as online reviews, ratings, complaints, news articles, and reports. You can also use the Investor Alerts database on the International Organization of Securities Commissions website to see if a market intermediary has been subject to any warnings or sanctions by securities regulators around the world.

– Check the terms and conditions of the services offered by the market intermediary carefully before signing any contract or agreement. You should understand the fees, risks, returns, liquidity, and security of your investments. You should also ask for written confirmation of any promises or guarantees made by the market intermediary.

– Check the statements and reports provided by the market intermediary regularly and compare them with your own records. You should monitor the performance and activity of your investments and report any discrepancies or irregularities to the market intermediary and the securities regulator.

– Check the security measures taken by the market intermediary to safeguard your personal information and funds. You should avoid sharing your passwords or PINs with anyone or using public computers or networks to access your accounts. You should also use reputable antivirus software and firewalls to protect your devices from malware or hacking.

Conclusion

Alpha Alliance Inc. is a market intermediary that offers investment and trading services but is not registered or regulated by the BCSC or any other securities regulator. The BCSC has warned investors to exercise caution when dealing with Alpha Alliance Inc. or any other unregistered market intermediaries. Investors should do their due diligence and follow some tips on how to secure their investments against unscrupulous brokers and dealers.