Looking to read AlphaSoft.Ai review? Is AlphaSoft.Ai a scam? Read honest review to know about this forex broker whether to trading or not.
This content promises to share helpful review to support clients/traders in making the right decision. Kindly read to the end and make your verdict.
AlphaSoft.Ai is an offshore brokerage with a lot of promises for forex traders. The forex company is based in Zurich, Switzerland.
The broker offers different account packages such as
In addition, the brokerage promises different instruments like forex, stocks, commodities, crypto, bonds and indices. Also, it presents a zero spread difference in Buy/Sell.
Deposit and Withdrawal
AlphaSoft.Ai FX withdrawal process may take a day, according to the platform. Here, it leaves us with no specific information on withdrawal fee.
AlphaSoft.Ai Minimum Deposit:
AlphaSoft deposit is indicated as $500 based on the account type. In comparison, a licensed FX broker clearly spells out its regulation and license credibility with no string of fraud, and clients can start trading as low as $100 with the assurance of their trading funds.
As for the funding methods, the broker assures to accept credit/debit cards and a variety of popular e-wallets such as AstroPay and iDeal.
Just so you are aware, offshore brokers are commonly known for accepting crypto currencies. For this purpose, payments made through this method are anonymous and can only be traced to a wallet address and not to a specific person. So beware!
AlphaSoft platform offers a simple web-based trading platform with basic functionality. However, that cannot be compared to the advanced trading platforms of MT4/MT5. Many scammers have trading software to fool their victims that their money is being invested.
Why use forex brokers with advanced trader like MT4/MT5? You are certain to have the best features of real-time quotes, financial news and various FX and stock charts, as well as algorithmic trading sessions with the help of specially designed trading bots, called Expert Advisors.
AlphaSoft.Ai leverage can get up to 1:50. Honestly, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
What We Discovered about AlphaSoft.Ai Regulation
First of, AlphaSoft.Ai is based in Switzerland. A check of the Swiss Financial Market Supervisory Authority (FINMA) database confirms that there is no authorized broker using the AlphaSoft.Ai trading name and domain.
Regrettably, as definitive proof that AlphaSoft.Ai is a scam, we see a claim on the website that this supposed broker is licensed and regulated by an institution named the Crypto Conduct Authority. But such a regulator simply does not exist.
These are drawbacks for forex traders/ clients 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.
AlphaSoft.Ai 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.
COMPARE WITH A TRUSTED BROKER
Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website
AlphaSoft.Ai claims to appear like a trustworthy trading broker, however, that cannot be ascertained. By all appearance, we would advise traders to steer clear from this broker as it likely a platform run by scammers. To this end, we urge our readers to rely on regulated brokers like this or any licensed entity.
Was the information helpful? Please share with us your experience in the comment section below.