AllianceCryptoFXTrade is a platform offering CFD trading in forex, stocks, indices, futures, precious metals, energy, and cryptocurrencies. However, investigations show the platform lacks a real corporate entity. The domain for the official website, alliancecryptofxtrade.com, was registered on May 26, 2024.
Company Background
The main page of the official website states that AllianceCryptoFXTrade is a registered company in the UK with the number 12233090, boasting 23 years of experience in financial trading. Additionally, it displays a UK company registration certificate with the company name 4X CAPITAL, registration number 11338110.
Inquiries with the UK Companies House reveal that the company with registration number 12233090 is actually GOLDFIELD LIMITED, and the company with registration number 11338110 is 4X CAPITAL LTD. Neither company is authorized by the UK's Financial Conduct Authority (FCA).
Furthermore, the "ABOUT US" page on the platform's website claims the company was established in Australia in 2013. However, this content matches the corporate history on the broker TMGM's website entirely, and thus appears to be copied.
Brand Identity Issues
Noticeable inconsistencies exist in the platform's brand identity. While the brand name on the website is AllianceCryptoFXTrade, the brand logo displayed reads 4xcmetaTrader4, which does not match the platform name.
Trading Platform
The website does not clearly specify the type of trading software offered. Users must register and trade through a web-based platform developed by the site itself.
The site states that spreads start from 0 points, with a maximum trading leverage of 1:500 and a minimum deposit requirement of $500.
Account Types
The platform offers four types of accounts: Premium PACKAGE, FLEXIBLE PACKAGE, Bronze PACKAGE, and PROMO PACKAGE. The deposit requirements and trading conditions for each account are as follows:
Premium PACKAGE
- Minimum Deposit: $300
- Maximum Deposit: $2,499
- Suitable for Both Short and Long-Term Trading
- Base Currency: USD
- Comprehensive IT Support
- Referral Bonuses
- Allows Hedging
- Spreads: From 1.9 points
- Leverage: 1:10
- Real-Time Chart Support
FLEXIBLE PACKAGE
- Minimum Deposit: $2,500
- Maximum Deposit: $25,000
- Suitable for Both Short and Long-Term Trading
- Base Currency: USD
- Comprehensive IT Support
- Referral Bonuses
- Allows Hedging
- Spreads: From 1.7 points
- Leverage: 1:5
- Real-Time Chart Support
Bronze PACKAGE
- Minimum Deposit: $25,000
- Maximum Deposit: No limit
- Suitable for Both Short and Long-Term Trading
- Base Currency: USD
- Comprehensive IT Support
- Referral Bonuses
- Allows Hedging
- Spreads: From 1.4 points
- Leverage: 1:10
- Real-Time Chart Support
PROMO PACKAGE
- Minimum Deposit: $1,500
- Maximum Deposit: $50,000
- Suitable for Long-Term Trading
- Base Currency: USD
- Comprehensive IT Support
- Referral Bonuses
- Allows Hedging
- Spreads: From 1.1 points
- Leverage: 1:15
- Real-Time Chart Support
Funding & Withdrawals
The website does not explicitly state the supported funding and withdrawal methods, nor does it disclose processing times or whether fees are applied.
Regulatory Information
The website claims it is regulated by the Australian Securities and Investments Commission (ASIC) and the Vanuatu Financial Services Commission (FSC). However, verification shows the regulatory information provided is inaccurate.
The site asserts its Australian entity is AllianceCryptoFXTrade Australia Pty Ltd with a regulation number 436416, yet this number actually belongs to TMGM's Australian registered entity, Trademax Australia Limited.
Additionally, the Vanuatu regulatory entity claimed by the platform, Trademax Global Limited, is also part of TMGM.
Company Address and Members
The platform claims its address is 76-78 Wolverhampton Road, Cannock, England. However, the UK Companies House shows no registered active company at that address.
Moreover, the platform does not disclose any staff details, and there is no public information available about its corporate members.
Website Traffic and Template Issues
According to Semrush, the website's monthly average visits are less than 100, indicating very low usage.
Additionally, the site's design matches that of several known suspicious trading platforms like DesupercoinTrade, ActiveTradesExchange, Evolving Stocks Trade, among others. They all use the same website template, suggesting they might be mass-produced scam sites.
User Reviews and Brand Exposure
There are no available user reviews or news reports about AllianceCryptoFXTrade on the internet.
Contact Information and Social Media
The site only offers email contacts:
The platform has no official accounts on major social media platforms like LinkedIn, Facebook, Instagram, Twitter, or YouTube.
Risk Report
Based on the above information, there are multiple risk points associated with AllianceCryptoFXTrade:
- Corporate Entity Issues: The information claimed by the website does not match with the UK's company records and lacks FCA regulation.
- Inaccurate Regulatory Information: Claims of ASIC and FSC regulation are false, with provided numbers actually belonging to TMGM.
- Questionable Historical Data: Site's corporate history matches perfectly with TMGM, indicating content copying.
- Brand Confusion: Brand logos and names on the site do not align.
- Opaque Trading Software: No clear information on the type of trading software; users trade via a web-based platform.
- Questionable Fund Security: Only electronic wallet transactions are supported, and specific processing times or fees are not disclosed.
- Lack of Agent Policy and Educational Resources: No information on partnership or trading education resources on the site.
- Extremely Low Website Traffic: As per Semrush, with a monthly average of fewer than 100 visits, it has minimal market influence.
- Template Website Design: Uses the same template as several known suspicious trading platforms, indicating possible mass production.
- Lack of Brand Exposure: No user reviews or news articles, lacking marketing acknowledgement.
- Absence of Official Social Media Channels: Only email contacts are available, with no social media presence.
Overall, AllianceCryptoFXTrade presents numerous concerns regarding its authenticity and compliance. Investors should carefully verify information before engaging with this platform to ensure the safety of their funds.
