Alphaelitetrades (www.alphaelitetrades.com) is a Contracts for Difference (CFD) broker whose domain was registered on November 11, 2023. The broker primarily offers investment and trading services in the markets of forex, commodities, cryptocurrencies, futures, and options. It does not provide services in regions where doing so would violate local laws and regulations.
Company Registration and Regulatory Information
According to information displayed on the official Alphaelitetrades (www.alphaelitetrades.com) website, the broker is a member of The Financial Commission, the U.S. Securities and Exchange Commission (SEC), the Investment Industry Regulatory Organization of Canada (IIROC), and the Canadian Investor Protection Fund (CIPF).
However, no further information about the company's registration details or regulatory license numbers is disclosed on the Alphaelitetrades website. Additionally, the site lacks essential legal documents such as terms of service, privacy policy, and risk disclosures.
After verification, no registration information for a company named Alphaelitetrades was found on the websites of The Financial Commission, the SEC, IIROC, or CIPF.
Therefore, Alphaelitetrades (www.alphaelitetrades.com) is effectively a fraudulent website with no corporate entity or regulatory oversight.
Trading Instruments
Alphaelitetrades offers trading in various financial derivatives, including forex, commodities, cryptocurrencies, futures, and options.
- Forex: The forex market is the world's largest financial market, used primarily for currency trading. Traders earn by buying and selling different currency pairs (e.g., USD/EUR). Known for its high liquidity and 24-hour operation, it is a favorite among investors.
- Commodities: Commodity trading includes physical assets like oil, gold, and agricultural products. These markets are influenced by supply and demand, weather changes, and geopolitical events. Investors trade through futures or spot markets to hedge risks or gain profits.
- Cryptocurrencies: Based on blockchain technology, cryptocurrencies like Bitcoin and Ethereum are highly volatile and influenced by global policies, technological advancements, and market demand. The decentralized nature of this market attracts both speculators and long-term investors.
- Futures: Futures are contracts to buy or sell an asset at a future date at a predetermined price. Used widely in commodities, stock indices, and interest rates, futures trading involves leverage, allowing traders to control large positions with a smaller capital, but with increased risk.
- Options: Options give the holder the right (but not the obligation) to buy or sell an asset at a specified price on a future date. Comprising call (buy) and put (sell) options, they provide tools for risk management and profit opportunities during price fluctuations.
Account Opening Process
The steps for opening an account on the Alphaelitetrades website are as follows:
- Visit the broker's website and click on "Get Started" at the top right corner to access the registration page.
- Fill out the application form with personal information such as name, email, and phone number, and set a login password.
- Submit the application form. Upon approval, the trading account will be successfully created and accessible for login.
Investment Plans
Alphaelitetrades offers three investment plans: BASIC PLAN, GOLD PLAN, PREMIUM PLAN.
BASIC PLAN:
- Minimum Deposit: $200
- Maximum Deposit: $10,000
- Return: 7x
- Trading Period: 1 day
GOLD PLAN:
- Minimum Deposit: $10,000
- Maximum Deposit: $50,000
- Return: 7x
- Trading Period: 48 hours
PREMIUM PLAN:
- Minimum Deposit: $50,000
- Maximum Deposit: $200,000
- Return: 7x
- Trading Period: 48 hours
Trading Platform and Deposits/Withdrawals
Alphaelitetrades provides a self-developed web trading platform but offers minimal details about it. Information on deposit and withdrawal methods, associated fees, and minimum amounts is also not adequately detailed on the website.
Summary
Traderknows advises investors that Alphaelitetrades (www.alphaelitetrades.com) is effectively a fraudulent website with no corporate entity or regulatory oversight. It entices investors with promises of high returns. Investors are advised to exercise caution and prioritize companies with strict regulatory oversight and transparent information to avoid the risk of financial loss.
