AlphaForex - Bad experiences for online traders

The apparent online broker AlphaForex claims to be an impeccable platform for online trading. However, there is increasing evidence that there are many inconsistencies at AlphaForex. More and more traders are reporting telephone terror, rip-offs and investment fraud at AlphaForex. Traders have lost all the money they invested with AlphaForex. More and more doubts are spreading. Meanwhile, many AlphaForex traders are worried that it is an investment scam. The AlphaForex website has not yet been shut down. All AlphaForex investors are wondering if they have become victims of investment scammers? And what can AlphaForex investors do if the suspicion of investment fraud is substantiated? Will AlphaForex traders get their money back? Does it make sense to file a criminal complaint against AlphaForex with the police? Where can I get help with investment fraud?

AlphaForex: Suspicious promises on the website
What are the surprised investors being served on the AlphaForex website? "alphaforex is an international online trading broker, giving access to retail and institutional investors, to over 200 tradable instruments from 6 asset classes. The company operates successfully around the globe and places great emphasis on providing professional and reliable services to all our clients. alphaforex is committed to provide the highest standard of services with full transparency to clients and become a one-stop destination for online trading. At alphaforex we are proud of our state of the art order execution, competitive spreads, and most importantly our round-the-clock service and support. We strive to make our clients trading journey an enjoyable experience and value the relationship of each of our account holders and business partners." This is just a small sample of the over-the-top assurances investors will find on alphaForex's website. Not a single one of these full-bodied promises by AlphaForex has been kept. Sadly, the questionable business conduct rather makes for disappointed investors and bad experiences!


AlphaForex: Hide-and-seek game with the domain entry!
Remarkable for the business practices of the AlphaForex makers is that the website does not contain any imprint with full details of the legally responsible operators of the website. If one looks at the corresponding domain data of the website, one finds that the website was registered only on 28.07.2021 by a 4XF Sp. z o.o.. 


AlphaForex: Who is behind it?
Many investors will find it rather difficult to answer this question, as the AlphaForex makers do everything they can to conceal the true circumstances. This is not unusual, however, as the perpetrators often operate several of these websites with the supposedly same business model and quickly put them online, but also shut them down again just as quickly. In many cases, the top-level domain is also frequently changed, possibly in order to deceive the financial supervisory and law enforcement authorities. And who is the operator? The website does not provide any information on this. A business address is completely missing, only an e-mail address can be found in the contact details. A worldwide search for AlphaForex in the relevant registers leads to no result and makes it clear that this is a pure fantasy product.


AlphaForex: The customer acquisition of the investment scammers
The same approach can be found here again and again: In order to attract traders, AlphaForex's recommendations are presented in every conceivable media and channel. For example, advertisements are placed in social media such as Facebook. Not infrequently, these recommendations are false promises. In addition, they upload films on YouTube in which interested traders are convinced with fictitious references. Here, supposed celebrities report on their experiences with online trading and cryptocurrencies, often with a misleading reference to the TV show "Die Höhle der Löwen". At the same time, a mostly aggressive affiliate programme is started in order to give others the incentive to intensively promote AlphaForex.


AlphaForex: Criminal business practices!
As soon as the customer has registered on the trading platform, he receives calls from alleged financial brokers who like to refer to their many years of experience and their satisfied customer base. In many cases, however, the makers of this business model are fraudsters, against whom the Federal Criminal Police Office and the Federal Financial Supervisory Authority (BaFin) also warn. Investors usually start with a small amount of money. Beforehand, investors are often motivated to install remote maintenance software, such as "Anydesk" or "Teamviewer", on their computers so that assistance can supposedly be provided with the first steps. In many cases, the computer is manipulated afterwards and unwanted transactions are carried out. In the process, the investment fraudsters often also gain access to their victims' online banking. What is particularly criminal, however, is when supposed profits are displayed on the trading platform in order to entice the customer to place further high stakes. Sometimes even small sums are paid back to lull investors into a sense of security. Who then does not want to increase the stakes further? But what happens next?


AlphaForex: Repayment of the money is subject to conditions
However, an exit is then usually no longer possible; rather, repayment of the money is linked to further payments. This is where the employees come in, claiming alleged tax debts and commission payments. These would first have to be settled, then the alleged profits would be paid out. For this purpose, tax and commission invoices are sent to the investors, which are often decorated with fake coats of arms and, of course, have to be paid urgently. However, it is never possible to offset them against the supposedly achieved profits. If one refuses to make these further payments, the supposed profits are often turned into losses and the customer is harmed to the maximum. However, this is usually not the end of the horror; investors are often permanently confronted with calls from other dubious providers, which indicates that the investors' contact details are further traded among the investment scammers. In the end, the "saving angel" regularly calls claiming to have uncovered the whole scam. He impresses with his insider knowledge. No wonder, since he is part of the fraud gang. The next rip-off! And of course the "saving angel" also wants a small fee - in advance!


AlphaForex: Scheme of Investment Fraud?
The online broker AlphaForex is not authorised. AlphaForex lacks the legitimacy of a recognised European financial supervisory authority, such as the English Financial Conduct Authority (FCA)or the Cyprus Securities and Exchange Commission (CySec), which is frequently used by brokers. Similarly, there is no authorization from the Swiss Federal Financial Supervisory Authority (finma) or the  Financial Market Authority (FMA) of Austria, which is responsible for Switzerland. It is easy to see that AlphaForex is a scheme of capital investment fraud. All victims of AlphaForex are advised to consult an investment fraud lawyer immediately.


AlphaForex: Where do the investment fraudsters operate actively?
Unfortunately, the illegal activities of AlphaForex: are not limited to the English-speaking world. Because AlphaForex: also addresses German-speaking investors, it is only a matter of time before the defrauded investors of this speaker group also come forward. Going through the list of regulators is recommended before any financial commitment in order to reduce the risk of becoming a victim of investment fraud.


AlphaForex: Investors want their money back!
The circumstances are far better than they appear. The aggrieved investors can take countermeasures and demand their invested money back. At present, it is unlikely that the AlphaForex investment fraudsters will be caught in the near future, but there is nevertheless reason to hope. Especially because the money transactions took place via accounts provided by reputable financial institutions. These undoubtedly failed to check the traders' deposits, some of which were large and therefore subject to controls, and their forwarding for illegality. These failures made the investment fraud possible in the first place.


AlphaForex: You want your money back! How does it work?
Equipped with this knowledge, no one would have got involved in an investment with AlphaForex. Now the only option left for the deceived is to seek compensation for the loss. Many investors cannot even imagine that there is any real chance of ever seeing their money again. Definitely yes! There are numerous legal bases to fall back on. The generic term is "money laundering". When investment fraudsters collect money, the offence of money laundering has been committed. Financial institutions are obliged to take action against money laundering. This is where we start with good prospects of success. For this purpose, essential points should be clarified. To which destination have the funds misappropriated by AlphaForex been taken? Can investors somehow get back the money they invested with AlphaForex? What actions are necessary from now on? A lawyer specialised in investment fraud will be happy to answer such questions thoroughly.


AlphaForex: Who can help?
What to do in case of investment fraud? What help can victims of AlphaForex hope for in the event of investment fraud? Victims of AlphaForex will ideally find the help they need from an experienced investment fraud lawyer. He is able to take care of your case with AlphaForex both in terms of the criminal aspects of investment fraud, as well as the recovery of funds and possible claims for damages. A trading lawyer is also an option because they are also aware of the methods used by fraudulent brokers such as AlphaForex.


AlphaForex: Follow the money trail!
The internationally active investor protection law firm Resch Rechtsanwälte has been investigating such abuses on the grey capital market for more than 30 years. Accordingly, AlphaForex's approach is nothing really new. Over the decades, Resch Rechtsanwälte has developed powerful tools for tracking down the retained funds and following the money trails. Making funds actually disappear has become really difficult in the age of the internet. The faster investors follow the money trail, the greater the chances of getting back the capital they have invested. What is important now is that the traders harmed by AlphaForex react without delay.


RESCH Rechtsanwälte - Experience in investor protection since 1986
If you have been a victim of AlphaForex and want to know if and how you can get your money back, call +49 30 885 9770 or fill out the questionnaire. You will receive a free assessment of your case.