Alps Markets is an offshore Forex broker, that opened on January 2021, is an unlicensed offshore CFD Broker reported by a customers as SCAM Broker.
Alps Markets Review – AlpsMarkets.com is a SCAM. Do not trust this FOREX Broker!
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.
AlpsMarkets.com 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.
Is AlpsMarkets Legit Forex Broker?
No, AlpsMarkets Broker will not be a licensed or regulated Forex Broker. This broker does not even mention which company owns them, or where they are located! They show a phone number in the Czech Republic of: +74992164863. Customer service email address is: [email protected] Official website is at: https://www.AlpsMarkets.com/.
The way we Review a AlpsMarketsForex Broker to resolve if they’re a scam or professional Forex Broker, is by checking for a licensed from ASIC or FCA. Respectable Forex Brokers will at all times have a license from both the FCA in United Kingdom or ASIC Australia.
Utilizing a regulated Forex Broker implies that if there’s a drawback, the federal government regulator will enable you get your a refund.
If you got scammed by this broker, please report about this to us – Report a Scam Forex Broker
DO NOT TRADE WITH THIS BROKER