Alphachain has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to Buoytrade. We’ve received over 4 complaints against Alphachain.
Alphachain Traders deceives naive people with promises of financial success while acting as a trading platform with training programs. It claims to guide users through financial markets and risk management, with a broad audience in mind. However, closer examination shows untrustworthy aspects, such as financed accounts and profit-sharing schemes. Traders must proceed with considerable caution due to spurious claims and the lack of governmental control. Skepticism is essential when it comes to online trading.
Get Your Money Back From These Scammers!
[mychargeback-form]
Key Takeaways
Is Alphachain Regulated? Do They Have a License?
Alphachain Traders entices naïve people into its web of deception with big claims of financial triumph. Positioned as an online trading platform with a stated training program, it targets people from all walks of life, claiming to help them navigate the complexity of financial markets and risk management. However, the reality is different from the glitzy image it offers.
Questionable features and dubious claims
Analyzing Alphachain Traders’ offerings exposes a host of faulty features:
- Funded Trader Account: According to reports, traders can apply for an Alpha Funded Trader account, which provides access to a funded trading account for strategy experimentation. But caution, this could just be a ruse to entice traders into riskier investments.
- Live Squark Service: The prospect of having access to the Live Squawk Service, which easily delivers news and information, appears appealing. However, it is critical to examine the accuracy and veracity of the information presented.
- Daily Webinars: While Alphachain Traders offers daily webinars held by supposed specialists, these events may serve more as a way to keep traders involved than to teach valuable expertise.
- Profit Share: According to reports, financed traders receive a hefty 50% of earnings gained. However, the likelihood of making profits under their system remains uncertain.
- No Risk for You: Claims of no-risk trading restrictions may appear enticing, but traders should proceed with caution because the platform’s genuine goals may be different.
- Double Your Capital Each Time You Hit Target: The promise of doubling funded accounts upon meeting profit targets may appear too good to be true – and it most certainly is.
Unreliable Interface and Suspicious Prospects
Alphachain Traders claims to have a UI that is user-friendly, has powerful trading capabilities, and offers competitive prices. However, these assertions should be taken with a grain of salt, as the platform’s safety and validity are called into question.
Safety and Legitimacy are in doubt
Alphachain Traders operates outside the oversight of any important financial body, raising serious safety and legitimacy problems. Traders are highly advised to undertake extensive research and assess the dangers before using such an unregulated site.
Tips for Navigating the Deception
While Alphachain Traders may offer a rosy picture, traders must be cautious:
- Educate Yourself: Use resources with caution and avoid falling victim to deceptive information.
- Develop a plan: Approach trading with a clear plan and skepticism toward claims of quick riches.
- Manage Risks: Avoid potential hazards and prioritize risk management to protect your investments.
- Diversify Your Portfolio: Don’t put all of your eggs in one basket; diversity is essential for risk mitigation.
- Stay Informed: Maintain vigilance and skepticism while keeping up with market developments from credible sources.
The lack of regulation or the presence of poor regulation is a huge red flag. It means Alphachain is a scam and most likely, an illegal operation.
Companies offering investment services or opportunities without having a license can vanish without leaving a trace. Furthermore, the lack of a regulatory license allows them to get away with it and face no legal consequences.
That’s why it’s vital for you to always check a company’s regulation status as well as its license information. The presence of a license allows consumers to reach out to an authority if something goes wrong.
In the case of Alphachain, victims have nowhere to go due to the absence of a watchdog or license.
You should ask yourself the following questions when you come across a new investment firm or opportunity:
- Does the investment provider maintain transparency about its CEO?
- Do they have a license from a renowned regulatory authority?
- If the need arises, can I reach out to an authority to report this company as a scam?
Trading Conditions and Deposit/Withdrawal Methods at Alphachain
However, it’s worth noting that many scammers disable their payment channels before shutting down their operations.
They might give you multiple reasons including:
- A technical error
- A glitch in their system
- Banking issues
- A “hacking attack”
And many others.
But in 9/10 cases, the scammers actually stop making payments and keep the money to themselves. Hence, the payment methods we discussed here might not work.
If you want to get your money back from a scammer, you’d need to file a chargeback.
Alphachain Customer Service: Do They Handle Complaints Well?
When it comes to scammers, you should only measure the quality of their customer service if they respond to your complaint.
In the beginning, scammers tend to remain very accessible.
This means their representatives will keep calling you until you invest with them. Furthermore, they will act friendly and make it seem as if you’re one of their most valuable consumers.
However, they do all this just to win your trust.
Scammers understand that in order to convince someone to give them a large sum, they will need to seem like a friend.
Nevertheless, when you have invested a considerable amount of money and need to get it back, their customer support will become inaccessible.
All of a sudden, their numbers would either stop responding or become unavailable.
Still, they might remain accessible to convince you to invest further. Also, they might begin by making a few excuses regarding your payment.
However, in the end, the customer support won’t resolve your issues and become increasingly unavailable.
If you have information on a scam or criminal operation, you can get access to 40+ investigative journalists & news outlets for free. Send us a detailed report here and if you qualify, we will forward your case ahead.
Alphachain Reviews: What Do Others Say?
It’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.
Scammers like Alphachain tend to purchase fake reviews for their online profiles to make themselves seem more credible.
TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.
That’s why you shouldn’t trust Alphachain reviews easily.
It’s easy to identify fake reviews as well. You should look out for 5-star reviews that are posted by temporary accounts (profiles which only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.
In the case of Alphachain, chances are, you wouldn’t find many legitimate reviews.
Another prominent way scammers like Alphachain enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “Alphachain reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising Alphachain.
You should always look out for consumer complaints. In the case of Alphachain, the most common complaints I found were about:
- Poor customer support
- Delays in payments
- High fees and charges
- Lack of transparency regarding their leadership team
- Aggressive sales staff
Do you have a similar complaint about Alphachain? You can share your complaint in the comment section or submit an anonymous tip.
Is Alphachain Legit Or Scam?
Alphachain Traders may appear to be a beacon of opportunity, but beneath the surface there is a network of fraud and unethical tactics. Traders should proceed with extreme caution, acknowledging the platform’s lack of oversight and the inherent hazards it presents. Skepticism is your most powerful ally in the perilous realm of online trading.
Alphachain is an unregulated entity. Although they might fall under the jurisdiction of a watchdog, they don’t have the license to offer financial services to consumers.
The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind Alphachain can run away with your money without any prior notice. You should be extremely cautious when dealing with an unregulated service provider.
The absence of a watchdog also means you cannot report to them to anyone.
Also, due to the absence of specific regulations, there is no provision protecting you from the insolvency of this entity. If they go bankrupt, you won’t be able to do anything about it.
Can You Trust Alphachain?
All the evidence suggests that Alphachain is a scam. If you have lost money to them, there is still a chance you can get it back.
To recover your funds, you’d need to file a chargeback.
Frequently Asked Questions
Is Alphachain a scam?
Can I withdraw money from Alphachain?
Where is Alphachain Located?
How do I get my money back fromAlphachain?
How The Alphachain Online Scam Works
Intelligence Commissioner investigates & reviews online money-making opportunities. We strive to provide critically helpful information to our readers and assist them in identifying scams. 
