Fortrade Broker

Alps Markets Review

Alps Markets Trading

Alps Markets is an offshore Forex broker, that opened on January 8th 2021. As of November 2021, their website is no longer working.

For problems making a withdrawal and general broker complaints, read this.

AlpsMarkets Review

A review of the trading apps that Alps Markets offers their investors shows that it is the TraderSoft white label software used by many unregulated brokers. It is available as a web-based version, and with some brokers, you can download the mobile apps for Android and Apple devices. During our review we did not find the industry standard trading app MT4 available.

Alps Markets lists a variety of underlying assets for CFD trading including; Major and Minor Forex Pairs, Market Indexes, Shares, Commodities, Crypto Currency and Metals. The minimum deposit requirement for a new trading account is officially $250, and this broker accepts deposit via credit card.

When reading AlpsMarkets terms and conditions, we noticed that there are many hidden fees associated with their trading accounts. There is a clearance fee of 0.5% from every trade. A withdrawal fee of 3.5%, with a minimum of $30. Dormant account fee of $500, starting from the 2nd month of inactivity. A monthly maintenance fee of 0.5% of your account balance.

If you are interested in trading with Free Trading Signals, just look here.

Alps Markets Broker Review
Alps Markets Broker Review

Scam Trading Apps!

All clients of the broker Alps Markets came from scam trading apps like Bitcoin Era. Algorithm trading apps are promoted via Instagram traders, email spammers and Fake News websites. You should take a minute, and read how the Crypto investments scam operates, read this article.

Before investing your money in an automated trading app, just know that 99% of people lose their money that way! Instead, educate yourself about day trading and only use a licensed broker.

Is Alps Markets a Legit Broker?

No, AlpsMarkets is not licensed or regulated by any European financial regulator.

This broker does not mention who owns them, or where they are located! They show a phone number in the Czech Republic of: +74993715371. Customer service email address is: [email protected]. Official website is at: https://www.AlpsMarkets.com/.

Smart investors research their online broker by checking for a valid brokerage firm license from ASIC. The reason is, in the likely event that the broker doesn’t return your money, at least your money is protected by the government.

Scam Broker Investigator has reviewed more than 700 online brokers, and recommends you only use a licensed broker. In the United Kingdom, brokers must be registered with the FCA, and in Australia by the ASIC. There are many licensed Forex brokers who you can trade with.

Best Forex Brokers

Compare Legit Brokers

Smart investors always tryout a few Forex brokers with a demo account, before activating their live trading account.

ForTrade is a popular broker, that is government regulated in the E.U., Canada, Australia and United Kingdom, see here.

Try a Free Demo Account, on their unique trading app, signup here.

What was your experience investing at Alps Markets? Please share your experience with others, in the comments section below.