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!
eToro strengthens its Australian market presence with the $80M AUD acquisition of Spaceship, expanding its long-term savings and superannuation offerings.
OANDA Japan Inc., a subsidiary of the global online broker OANDA Corporation, has announced the termination of its Tokyo Server MT4 Discretionary Plan. The broker has notified its clients that the plan will no longer be available after December 13, 2024, marking a shift in the company's services for clients using the MetaTrader 4 (MT4) platform in Japan.
In the midst of the 2021 crypto and NFT boom, celebrities flocked to the burgeoning market of digital assets, promoting Non-Fungible Tokens (NFTs) as the next big thing. Fast forward to 2024, the glitter has faded, and many celebrity-endorsed NFTs have lost their allure. The question remains: what happened to celebrities’ NFTs, and why should this serve as a stark reminder for everyday investors?
Updated forex analysis shows USD weakness, focusing on key levels like EUR/USD, DXY bearish trend, and pivot points for major currency pairs.