Alpinetrade.co Review

Who is Alpinetrade.co?

Alpinetrade.co is a website that claims to offer online trading services in various financial markets, such as forex, stocks, commodities, and cryptocurrencies. The website does not provide much information about the company behind it, except that it is supposedly based in Switzerland and has offices in London and Dubai.

Regulation:

One of the most important things to check before choosing a broker is whether they are regulated by a reputable authority. This means that they have to follow certain rules and standards to protect their clients and ensure fair and transparent trading practices. However, Alpinetrade.co is not regulated by any authority, and Finma, the Swiss financial regulator, has issued a warning against it on its website. Finma states that Alpinetrade.co is not entered in 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 or accountability.

Location:

Another red flag about Alpinetrade.co is that its location is unclear and inconsistent. The website claims that the company is based in Switzerland, but the address provided is a virtual office service that does not belong to the company. The website also mentions offices in London and Dubai, but there is no evidence that these exist or are registered with the local authorities. Moreover, the website uses a domain name that is registered in Panama, a notorious offshore jurisdiction that is often used by scammers and fraudsters.

Services:

Alpinetrade.co claims to offer a variety of trading services, such as access to multiple trading platforms, educational resources, market analysis, trading signals, and account management. However, these services are not verified or proven by any independent source or review. There are many complaints and negative reviews about Alpinetrade.co on the internet, accusing it of being a scam and a Ponzi scheme. Some of the common issues reported by the victims are:

– Difficulty in withdrawing funds or receiving no withdrawals at all

– Manipulation of trading results and account balances

– High fees and commissions

– Aggressive and misleading marketing tactics

– Harassment and threats by customer service agents

Reviews:

As mentioned above, there are many negative reviews and testimonials about Alpinetrade.co on the internet, warning potential investors to stay away from this broker. Some of the websites where you can find these reviews are Trustpilot, Forex Peace Army, Scamwatcher, and Scamadviser. These reviews paint a very grim picture of Alpinetrade.co’s operations and ethics and reveal how many people have lost their money and their peace of mind because of this broker.

Customer Service:

One of the aspects that can make or break a broker’s reputation is their customer service. A good broker should provide responsive, professional, and helpful support to their clients at all times. However, Alpinetrade.co fails miserably in this regard. According to the reviews and complaints, Alpinetrade.co’s customer service is rude, unprofessional, and unresponsive. Many clients report that they are ignored or blocked by the customer service agents when they try to contact them for assistance or inquiries. Some clients even claim that they are threatened or blackmailed by customer service agents if they try to withdraw their funds or expose the broker’s scam.

Securing Your Investments Against Unscrupulous Brokers:

If you have been scammed by Alpinetrade.co or any other unregulated broker, you might be wondering if there is anything you can do to recover your money or seek justice. Unfortunately, the chances of getting your money back from such brokers are very slim, as they usually operate from offshore locations and use fake identities and addresses. However, there are some steps you can take to minimize your losses and prevent further damage:

– Stop all communication with the broker and do not send them any more money

– Report the broker to your local authorities and regulators

– File a chargeback request with your bank or credit card company if you have used these methods to deposit funds

– Seek legal advice from a reputable lawyer who specializes in online fraud cases

– Warn others about the broker’s scam by sharing your experience on social media and reviewing websites

Conclusion:

Alpinetrade.co is a scam broker that should be avoided at all costs. It is not regulated by any authority, it has been warned by Finma, it has no physical presence or legitimacy, it offers dubious and unverified services, it has many negative reviews and complaints, and it has terrible customer service. If you are looking for a reliable and trustworthy broker to trade with online, you should do your research and choose one that is licensed and regulated by a reputable authority, such as the FCA in the UK, the ASIC in Australia, or the CySEC in Cyprus. These brokers have to follow strict rules and standards to protect their clients and ensure fair and transparent trading practices. They also have to provide proof of their identity, location, and services, and they have to keep their clients’ funds in segregated accounts. By choosing a regulated broker, you can trade with confidence and peace of mind, knowing that your money and your rights are safe and secure.