Alps Markets Spreads, leverage, minimum deposit Revealed

WikiFX | 2022-05-24 18:30

Abstract：Alps Markets seems to be a Czech broker, offering more than 200 assets, including forex pairs and CFDs on commodities, indices and stocks. However, upon checking the register of the Czech National Bank that is the regulator for forex brokers in this jurisdiction, we found out that the name of Alps Markets does not exist there. In other words, Alps Markets is not a legit broker.

　　General Information

　　Alps Markets seems to be a Czech broker, offering more than 200 assets, including forex pairs and CFDs on commodities, indices and stocks. However, upon checking the register of the Czech National Bank that is the regulator for forex brokers in this jurisdiction, we found out that the name of Alps Markets does not exist there. In other words, Alps Markets is not a legit broker.

　　Accounts

　　According to the information, Alps Markets offers five account types – Basic, Bronze, Silver, Gold and Platinum. However, there is no information about the minimum initial deposit.

　　Leverage

　　The leverage offered by Alps Markets is 1:500. Fraudulent brokers often use such high leverage to lure potential traders as it looks very attractive by giving the impression that it may eventually increase the potential for making a big win.

　　Trading Platform

　　The broker says to offer a choice between Alps Marketss Trader and MetaTrader4. In any case, we still recommend using the industry standard Metatrader4 or Metatrader5.

　　Payment Methods

　　Alps Markets claims to accept payments with VISA, MasterCard, wire transfer, Neteller and BPay. Since we were not able to verify this, we recommend preferring credit cards when given the choice.

　　Fund Withdrawal Issues

　　In their Terms and Condition Alps Markets say they reserve the right to refuse to process any withdraw requests, should they decide, on their sole discretion, that you owe them money. They may simply say for example, that before you make any withdraw attempts, you should first pay some taxes. So basically you will be asked to deposit even more money. This is a typical scam technique.

　　Risk Warning

　　As of now, the website of Alps Markets (https://alpsmarkets.com/) is not available. We can only find some fragmentary information on the Internet, and most of them are negative reviews. The website is not available and there is no contact information. We assume that the broker Alps Markets might be closed or run away. Please be aware of the risk!