Beware! AlphasCrypto is an offshore broker! Your investment may be at risk.


Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.


AlphasCrypto wants us to believe that it represents an award-winning forex broker that we can trust with our money without worry. But closer inspection reveals that this website represents yet another online scam. Let’s take a detailed look at why it would be a mistake to trust AlphasCrypto with your money and what more credible alternatives you have when investing in financial instruments

AlphasCrypto Regulation and safety of funds

Guaranteed FundsSegregated AccountsNegative balance protection
UK regulated brokers£85 000YesYes
EU regulated brokers€20 000YesYes
AU regulated brokersNoYesYes
US regulted brokersYesYesNo

If a financial services provider is legitimate, you will find on its website clear and detailed information about the company that owns and operates it, where it is based, and what licences it has. Genuine brokers also provide access to a comprehensive set of legal documentation. The availability of such information does not guarantee that it is not false or misleading. But the absence of these elements is very indicative that in all likelihood you are dealing with scammers.

AlphasCrypto is completely anonymous. No company name or contact address is listed anywhere, and no access to Customer Agreements or other documentation is provided. We do not know exactly who we are dealing with, nor what terms we are agreeing to when signing up for an account. Under such conditions, it would be an unforgivable mistake to put our money on the line.

The financial authorities in Malta confirm our suspicions about AlphasCrypto by warning that this website is trying to imitate a legitimate company.

Before investing your money in financial instruments, it is imperative to make sure you do so through a licensed intermediary and not one of the many scammers lurking online.

You should only trust legitimate brokers operating in one of the established financial centres like the UK, EU, USA or Australia. There, the activities of brokers are controlled by powerful regulatory bodies such as UK’s Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Commodity Futures Trading Commission (CFTC) in US or Australian Securities and Exchanges Commission (ASIC). Clients of these brokers receive protections such as negative balance protection and segregation of the client’s funds from the broker’s funds.

In the EU and the UK, brokers must also participate in guarantee schemes that cover a certain amount of the trader’s investment if the broker becomes insolvent. These guarantees amount to up to 20 000 EUR in the EU and 85 000 GBP in the UK. However, the likelihood of such a bankruptcy is low because regulators also have significant net capital requirements that companies must maintain – EUR 730 000 in UK and Cyprus, AUD 1000 000 in Australia and at least 20 million USD in the United States.

AlphasCrypto Trading software

Analytical toolsAuto tradingCustom indicatorsMobile apps
AlphasCrypto platform
MT430+ indicatorsAndroid and iOS
MT550+ indicatorsAndroid and iOS
cTrader40+ indicatorsAndroid and iOS

After registering an account, we get access to a pretty basic web trading platform that doesn’t feature advanced functionality.

We’ve seen the exact same platform being used by multiple fake brokers we’ve encountered. Scammers are using rigged trading software to fool their victims into believing that their money is really being invested and even turning a profit.

While this platform has the basic functionality to place orders, it cannot compare to the capabilities provided by MetaTrader 4 (MT4) and MetaTrader 5 (MT5). It is no coincidence that these platforms have established themselves as the industry standard. They offer a wide range of features, including a variety of options for customization, multiple account usage, designing and implementing custom scripts for automated trading and backtesting trade strategies.

AlphasCrypto Trading instruments


AlphasCrypto  claims to offer trading in all major asset classes. However, the website does not provide detailed information on trading conditions as you will find on the websites of legitimate forex brokers.

AlphasCrypto Spreads and cost of trading

Spread EURUSD1,50.611.1
Spread GBPUSD1,
Spread USDJPY1,

AlphasCrypto promises an industry-standard spread of 1.5 pips. And we do see that level in the trading platform. But as stated, we have no reason to believe this fake broker is offering real trading,

AlphasCrypto Maximum leverage

UK regulated brokers30:15:110:110:1
EU regulated brokers30:15:12:110:110:1
AU regulated brokers30:15:12:110:110:1
US regulated brokers50:1

AlphasCrypto  offers leverage between 1:200 and 1:500 for different account types.

This is not a level that you see with regulated brokers. Trading with high leverage allows higher profits, but also increases the risk of sudden and excessive losses proportionally. All leading regulators limit leverage for retail traders. In the EU, UK and Australia the maximum permitted level is 1:30 and in the US it is 1:50. This maximum level only applies to trading major currency pairs, with even more limited leverage for more volatile assets.

If you are willing to take the risk of trading with high leverage and benefit from bonuses and promotions, the best option is to invest through an offshore division of an established brand.

AlphasCrypto Deposit and withdrawal methods

Deposit timeWithdrawal timePrice
Credit cardInstant24 hoursFree
Crypto24 hours24 hoursFee depends on crypto

In the deposit menu, the payment method options are reduced to two obscure payment processors.

Legitimate brokers typically offer clients a wide choice of transparent payment methods, including bank transfer, credit/debit cards and established e-wallets such as PayPal, Skrill or Neteller.

AlphasCrypto Minimum deposit

Minimum deposit$250$5$10$5

According to the descriptions of the account types, the minimum deposit required is absurdly high – 5000 EUR.

A more reasonable minimum of 250 USD is set in the deposit menu. But you should know that with just 5 or 10 USD you could open a trading account with a licensed and well-established forex broker.

AlphasCrypto Withdrawal requirements

Trading volumeFee/Tax on withdrawalMinimum withdrawal
AlphasCryptoNot specifiedNot specifiedNot specified
UK regulated brokersNoNoNo
EU regulated brokersNoNoNo
AU regulated brokersNoNoNo
US regulated brokersNoNoNo

The lack of a publicly available Terms and Conditions or Client Agreement means that scammers may have set many traps such as hidden fees and impossible-to-meet  withdrawal terms.

Top Forex Brokers

BrokerCountryRatingMin. DepositWebsite
US4.99/5$50 Click for a special offerWebsite

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