Alpha Forex Markets Review 2024

I don’t know much about Forex, so initially, I planned to invest in managed accounts and connect to a social trading platform. I thought I'd choose the most profitable option and reinvest the profits there. However, all my plans fell apart when I tried to withdraw my earnings for the first time in three months to see how quickly they process requests. They suspended my withdrawal request, explaining that there was a server malfunction, and I needed to wait for some time and then submit it again. I did that, but they still didn't transfer anything to my card. After persistent inquiries to client support, they canceled all my accounts.

Almost all the money I invested in managed accounts was taken by scammers from Alpha Forex Markets. Over six months, I made a few withdrawals, $100-200 each, and everything was fine. When I needed to withdraw a more substantial amount, they refused because there were open orders. I agreed to close them, even at a small loss, but even then they took a long time to process my withdrawal request. I wrote to support many times, but in vain. The website is still running, but I can't log in because it constantly says that the login or password is incorrect, even though I have log in details in my email, and there can be no errors. I continue to write to support regularly, but so far, there has been no result.

Don't trust this bunch of scammers who do everything to attract traders and then rob them. They called me for two weeks, persistently urging me to start collaborating, promising individual conditions with reduced commissions and 24/7 support. The only promise they fulfilled was 24-hour lying of the support operators when I wanted to withdraw some profit. First, they found all sorts of excuses for refusal, and then they simply started ignoring all my inquiries. It ended with me being unable to log in to my account, and when I tried to recover login information, a message appeared that such a user was not found.

Don't trust these scammers if you don't want to lose everything. I lost all my savings that I planned to use for Forex trading and the profit I earned over three months. They simply didn't process my withdrawal requests. Initially, they accused me of rule violations, which I'm sure is just an excuse, and then they stopped responding to my inquiries altogether. I wanted to complain to their regulator, but it turned out they weren't registered with any financial supervisory organization, despite what was stated on their website. Now, I'll always thoroughly check brokerage companies for valid documents and not believe everything written on their websites.

I lost over $8,000, half of which I invested in managed accounts and the other part I used for independent trading. And this doesn't include the profits for three months. The first time, I withdrew a small amount without any problems, so I wasn't worried and reinvested everything I earned into trading. But the next time I tried to withdraw the profit, it led to problems. They accused me of rule violations and said that scalping was not allowed, although I never used that trading strategy, and there is no prohibition on using any strategies in the rules. I filed many complaints with various authorities, but so far, without any results.

I traded for almost six months, and everything was fine only for the first couple of months. Problems started with interference in trading and closing potentially profitable deals. The reason is unclear to me because the margin was always no less than 120%. I decided not to trade on my own, so I invested everything in managed accounts. When I needed to withdraw half of my investments and submitted a request, it was inexplicably canceled. I contacted support to find out the reason, but I never got a clear answer. They promised to transfer me to a financial issues operator, then they stopped responding altogether. I filed a complaint with cyber police and am waiting for the result, although I doubt it will be positive.

I registered with Alpha Forex Markets after a client relations manager started calling me, offering to trade with them, and promising a 90% bonus on the first deposit. I topped up my balance with $300 but received no bonus. When I asked why, they said I was late, and the promotion had ended, even though there was no mention of it on the website, and they promised me individual bonuses. These are shameless deceivers capable of any lie just to lure funds from traders and then misappropriate them. Not only did I not see the bonus, but I also said goodbye to my money because when I tried to withdraw it, my account was blocked, and all emails to the support were simply ignored.