Score

1.93 /10
Danger

ALPHA TRADEX

Saint Vincent and the Grenadines

2-5 years

Regulated in Australia

Suspicious Regulatory License

MT4/5 full license

Regional Brokers

Australia Appointed Representative(AR) Revoked

High potential risk

D

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Comparison

Quantity 80

Exposure

Open Account
Website

Score

License Index 0.00
Business Index 6.71
Risk Management Index 0.00
Software Index 7.02
Regulatory Index 0.00
The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Contact number

English

+41 315 281 429

Broker Information

More

Company Name

Alpha Tradex Ltd

Company Abbreviation

ALPHA TRADEX

Platform registered country and region

Saint Vincent and the Grenadines

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 3
Previous Detection : 2023-02-07
  • The WikiFX cloud system has verified this broker has way too many complaints, and it is in the WikiFX complaint blacklist. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 71 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

Pyramid scheme complaint
Expose
Scam

I spent a lot of Money to FX Broker name ALPHA TRADEX.

My first deposit was $3000 for a good start. I made a good profit of the deposited money. And I was encouraged by their advice that to be able to have a high profit income I will double my deposit so that I could have $100,000 in 3 months of trading. They are starting to be rude. Sometimes they will not answer my emails. That’s why I decided to withdraw all the money including my profit. But the request that I sent was rejected. I sent them an email and they called me back and offered to retrieve the money for me but I have to pay 10% up front and then 10% after, of the full amount of profit that I have. I haven’t paid them anything. And now there are ignoring me.

2021-09-11 20:11
Scam

SCAM

Just like anybody else, I met a “girl” on Tinder last summer. She said that she wanted to make friends with me. Later, she told me what she was doing in her free time - Forex trading. She asked me to install Meta Trader 4 and try the demo account. I did so for one month. Later, she persuaded me to open a real account to start trading. After one month of trading, I wanted to withdraw my profit. But she asked me to trade once more, and it was a total loss. I LOST 30,000 US dollars. A few weeks after that, the broker changed its name. I asked her what happened. She said that the broker was upgrading. Stupidly I believed that! My “friend” said she wanted to help me get a bonus to recover my loss. She made a $40,000 deposit for me, and I made $10,000. So in total I had $50,000 in my trading account. I was supposed to have a $50,000 bonus at the end of the month, but my account was BLOCKED when I wanted to withdraw them. Soon, the broker changed its name again.

2021-09-02 13:37

    Total Margin Trend

    • VPS Region
    • User
    • Products
    • Closing time
    • Taipei
    • 796***
    • NZDUSD
    • 02-06 17:45:00
    • Bangkok
    • 257***
    • NZDUSD
    • 02-06 16:55:01
    • Washington
    • 381***
    • NZDUSD
    • 02-06 12:40:01

    Stop Out

    1.04%

    Stop Out Symbol Distribution

    6 months

    User Reviews

    More

    User comment

    3

    Comments

    Write a review

    右先生
    more than one year
    Bad company! On the demo account, I can make profit normally, so I invested 1,000 US dollars and decided to give it a try, but it turned out that I lost money in one fell swoop! They say that it is because of the enormous volatility of the market and the difference between a demo account and a real account. Totally amazing statement!
    2022-11-30 18:03
    Reply
    0
    0
    FX1061930451
    more than one year
    What the hell! I was plan to open a small investment account to see what happen. Now I cannot even open its website. Alright, I’ll go to choose some big brokers.
    2022-11-28 10:43
    Reply
    0
    0
    80
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