AlphasCrypto Review: A Clone Crypto Company
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AlphasCrypto Review
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Regulation
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Fund Safety
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Customer Support
Summary
AlphasCrypto is a clone website that has gained the attention of Malta’s financial watchdog, MFSA. The entity uses details of Alpha FX Europe Limited, a legitimate authorized broker. Before investing in any company, ensure it has a license from a reputable regulator.
AlphasCrypto is a company dealing with crypto trading. They allegedly guide investors in making the right financial decisions. Trading tools are at your disposal, and you can manage risks. Unfortunately, the website is operating from an unknown country.
Check on the domain history; we realized this is a recent platform. The entity has only been in the market for a few months. It is essential to open an account with a reputable broker. The market is volatile, and most premium firms exit the industry prematurely.
Also, you don’t want to risk the safety of your money with a scheme lacking a trading history. Who knows what to expect from them? Look for audited trading results to understand what you are signing up for. The least you want is to venture with a doomed platform. Let’s dive in and see what more the scheme is hiding.
AlphasCrypto.com Review
You have the right to know the people handling your money. Sadly, AlphasCrypto fails to disclose the identity of the founder, account manager, and financial analysts. There is no evidence experts are involved. In most cases, scammers are unqualified. They only sell their victims the idea of becoming rich.
The reality hit harder later on when investors realized the offshore scheme had no products or services available. Offshore platforms advertise spreads and leverage that are attractive. Unfortunately, they never amount to anything. This only leads customers to higher risks.
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There are many genuine crypto companies in the industry. Invest wisely by learning what to expect from their trustworthy customer reviews. Additionally, check out the performance history. The legal documentation prepares you on what to expect.
Trading Conditions and Accounts
AlphasCrypto offers four trading accounts. The available products include forex, cryptos, and commodities. The spreads range from 1.5 to 0.8 pips, which is best since you will require less to open trade. The only downfall is that this is an unreliable platform.
The leverage is hazardous and above what regulatory agencies approve. The limit ranges from 1:200 to 1:500. The higher the cap, the more risks to expect and vice versa. Legitimate companies only approve high leverage when a trader is experienced and has sufficient funds. Ps: do not risk what you are not comfortable to lose.
AlphasCrypto provides a basic web trader. Offshore companies prefer the interface as it is easy to manipulate the price. Advanced traders prefer the MetaTrader interface as it has multiple perks. Investors can trade automatically and keep watch of the open orders easily. You can also customize scripts, EAs, and use backtesting strategies.
Withdrawal and Deposits
The platform accepts a minimum deposit of $250. It is the typical requirement of most companies. However, it does not mean you won’t find transparent schemes accepting lower amounts. Sadly, there is no available legal documentation. It is important to know what to expect regarding fees and withdrawal terms.
AlphasCrypto accepts funds via cryptocurrencies. The main drawback of digital currency payment is the anonymity feature. Sadly, the identity of the fraudsters will remain hidden. Also, their clients cannot issue chargebacks.
AlphasCrypto Regulation Status
AlphasCrypto is a clone website that has gained the attention of Malta’s financial watchdog MFSA. The entity uses details of Alpha FX Europe Limited, a legitimate authorized broker. Before investing in any company, ensure it has a license from a reputable regulator.
One advantage of a licensed broker is the safety of funds. These platforms work with top-tier banks. They segregate investors’ accounts from the company’s. In case of insolvency, customers stand a chance to acquire compensation. Investors are also protected from negative account balances.
Final Verdict
AlphasCrypto is a shady broker. The clone website has nothing tangible to offer traders. Invest with genuine crypto companies. These are reputable entities with ideal trading conditions.
