Alliance Capital is an offshore / unlicensed CFD broker, that technically opened in May 2019. Their main website is at: http://alliancecapital.io/ however, to login to your account, you must go to: https://client.alliance-capital.io/sign-in. This broker is identical to another broker called MyCapital, we recently reviewed.
For withdrawal problems or complaints, read this.
Alliance Capital Review
Like most of you, we also found this broker via an automated trading app, we read about on a fake news website. Learn more about the way real investors use trading signals, see here.
Day Traders and Investors at Alliance Capital are given the “Status” web-based CFD trading platform, which is user friendly, and simple to use. You can also choose to use the industry standard MT4 desktop trading platform. Mobile apps are the default MT4 Android & Apple apps.
A wide range of underlying assets are available for CFD trading including; Forex Major, Forex Minor, FX Exotic, Crypto, Metals, Commodities, Indices, and World Shares. Margin rates on BTC were 1:1 and the spread was $80. Minimum deposit for a trading account at Alliance Capital is $250, and they use Naspay as their payment processor.
When you select the various payment options, it starts to show where your money if going. It is weird that it should our payment be processed in Russian Ruble.
Is Alliance Capital a Licensed Broker?
No, Alliance Capital is not licensed, and they are not regulated brokerage firm.
Officially they are owned by; White Rock Partners Ltd, which is located at; Suite 305, Griffith Corporate Centre, 1510, Beachmont Kingstown, Saint Vincent and the Grenadines. Also mentioned on their site is a company called: W Rock Management OÜ, Company Number 14749517, located at: Harju maakond, Tallinn, Kesklinna linnaosa, Roosikrantsi t n 2-1041, 10119. No phone number or email address was available their website, just a contact form.
The way that the Scam Broker Investigator reviews a new online broker to see if they are a scam or legit, we check for a license from any of the government financial regulators. All online broker offering trading services in Crypto, Forex or Shares, must have a license from the FCA in England or ASIC in Australia.
Investors that use a local broker, with a license from the government financial regulator, ensures you will not have issues when it comes time to withdraw your money.
Compare The Best Brokers!
New investors seeking a legitimate CFD broker, have plenty of good companies to choose from. Some professional investors will maintain multiple trading accounts at different brokers, which they use based on markets trading conditions.
ForTrade is a fast growing broker, that is regulated in Canada, United Kingdom and Australia, see here.
Try a Free Demo on their amazing trading platform, signup here.
Pepperstone is another popular broker, that is licensed in Australia and England with tight spreads on Crypto.
You can choose from cTrader, MT5 or MT4 trading platforms, see here. Get a Free Trading Account, signup here.
Existing clients of Alliance Capital are invited to share their experience using this broker with other investors, in the comments section below.