Thinking of getting into business with Alphanion? Here is what you must know about this broker. Carefully read this review to find out if alphanion.com is the trading platform you will want to trade with.
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About Alphanion
Alphanion is an offshore brokerage company with a lot of promises for traders. The broker address shows it is from the State —- Tennessee.
There are different offers the broker mentioned. See below.
Added, it trades on the following instruments like forex, stocks, commodities, metals, crypto and indices.
To clarify, regardless of the trading instruments Alphanion claims to offer, traders must know they are dealing with an unknown broker which does not have a regulation over its head.
alphanion.com: Reasons to Avoid This Broker
Firstly, alphanion.com is a platform with no financial authority overseeing its financial services. Alphanion is not worth your money as we have dug deep into the NFA and the CFTC database for the broker, but nothing is known about the broker.
Secondly, we noticed alphanion.com has a free account for traders. We advise you don’t waste your time on that, so you don’t get lured into trading real fund with this unregulated broker.
More so, this broker does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.
These are cons for forex traders to avoid losing money with this scam broker. It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.
Withdrawal and Deposit
Withdrawal process
Alphanion leaves us with no specific information on processing days nor withdrawal fees. Truly, this broker is a scam and its fraudulent schemes are clear.
Minimum Deposit
Alphanion minimum deposit is not available.
As for the payment methods, the broker accepts Credit/ Debit cards, Neteller, Skrill, PayPal and Cryptocurrency. Truly, you should not consider making any payment with this broker because it is a risk. So beware!
Alphanion Platform
Alphanion claims to offer Web Based Trader and MT5 (Industry standard trading platform), however, the option of MT5 doesn’t make the broker legit because any scam broker can do the same to lure forex traders.
As for the leverage, the broker discusses 1:500. But, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
Alphanion Licensing and Regulation
It is not far from believing that this broker is not a licensed brokerage firm. It is not under any financial regulation which means wiring your money for trading is risky. Its unlicensed and unregulated activities are truly a red flag and must be avoided.
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Conclusion: Is alphanion.com a Reliable Broker?
No, alphanion.com does not seem like a reliable broker for traders even though it promises offers that look good to be true.
Most importantly, the broker is unregulated which means it is not authorized to operate in any regulated country and you should definitely not put any money into it.
We owe our readers the duty to fish out scam forex brokers as well as share reasons to avoid fraudulent schemes. Meanwhile, we will not recommend this broker for trading.
Kindly share your comment about this broker in the comment section.