Alpha Trading Cm engages in bad practices, They are scammers

[FxMaster]

I do have the manager's skype address, I have sent them invites many times but they have so far not seen the need to come and explain here. I posted an email here from Alpha Trading Cm in my previous posts, with their reply noting the invitation extended to them. herebelow is their response again:-

Hello Casper,

Thank you for the offer. However, we consider the matter closed. Our team has investigated and found nothing out of the ordinary. It is unfortunate but a bad trade was made. As far as we can see, this trade came from your account. If you gave someone else access then we are not responsible. If your system was still turned on, we are not responsible.

It is unfortunate, but people do also attempt to scam forex brokers. And perhaps there is a bit of projection on your part.

An error or bad trade was made - and it was not from our side.

We are sorry that you feel this way. We feel as though we have given you the best trading opportunities possible, the best conditions - even at our expense. We gave you conditions that you would not receive at other brokers. Your trades were passed through. We took zero exposure to you. We returned money to you, more than you deposited. From our end, you received the best service you could possibly receive. There is nothing more we can do. We can not make you win. We can not make everyone happy, as unfortunately, there are individuals that are never content. These are not perfect markets. And unfortunately, neither are people. Perhaps you should admit to your bad trade as opposed to blame Alpha and attempt to tarnish our name.

In the end, we do and continue to provide good service. We will not be bullied either. We will also fight for our good name. Especially, when we have done nothing wrong!

We wish you the best in life and in business.

Kindest of regards,
Alpha Information

P-617.701.3458
AlphaTradingCM
info@alphatradingcm.com

Ask them to reply same thing on this thread.......... Invite them again

 

[Pharaoh]

I'm curious what made a 100 pip spread "not out of the ordinary". Did some central bank do an intervention just as NFP was being released?

 

[caspermhlo]

I am also curious as what would have caused a 100 pip spread. This trade was not even on Friday (usually the day for NFP release) This was a Thursday early morning trade from what I could gather from the trading report insdie Alpha Trading client website.

 

[caspermhlo]

the question now is why Alpha Trading CM is refusing to come here and explain their position regarding this, after several inites I have sent them to come clean on this forum.

 

[4xkishore]

Alpha trading is the biggest fraud company--guilty!

Alpha trading is the biggest fraud company--guilty!

i have three issues with alpha trading

1. I want them to explain who openned that single trade of 1 lot for gbpusd that wiped out my account in few seconds? At the time of that trade my mt4 platform was not even running. I have asked them about this and requesting them to investigate but they said "it looked like the trade was oppened from my side". But myfxbook could not record that trade either. It confirms that the trade was not executed from my mt4 platform. It was excuted somewhere else. Myfxbook does show the record of the last time it recorded trades from my platform. That was the last time i shutdown the trading platform and went to bed. When i woke up, the trading account was disabled. I couldn't login. When i asked they said it was because my account was blown up. This is their response

"hello casper,

we answered this in a ticket. Please check that as well. But your account was disabled because you placed a trade that went against you. Once you hit a negative amount the banks direct us to close your account as you start playing with their money. If you want to continue trading here you would need to send more funds. We can not enable an account that is not funded."


i asked them how that could be, given that the trading platfom was not even running? Then it became a too-and-fro debate between me and them, hence am here at fpa to alert others about alpha trading cm scamming tactics. I think that they were after my second deposit, that is what they pushed me towards doing, so that they could contnue to play games with my account and depleting my funds

2. I want them to explain to me and everybody why they did not effect the $668 withdrawal as requested by me? Why did they unilaterally decided to just give me $224? Was it because they felt my initial deposit was $220 and so i was only desrving $220? This below is their response to the withdrawal saga

"as far as we are concerned this matter is closed. You are at the very least made whole as you were sent more funds than you deposited. Please explain to us how a "scam" broker would do such a thing? Isn't the idea to cheat you out of your deposit? As you know, you were sent funds that exceeded your deposit. This is a fact, is it not? It is!"

the issue is not whether or not i was sent funds which were equal or greater than my deposit, the issue at hand is that i was withdrawing funds from the profits i had made, plain and simply. If the clients trades the market and makes profit, the client has the right to withdraw his/her funds, that ia what i understand. So for alpha trading cm to say that they gave me $4 extra to my deposit of $220 is just not good enough explanation for not processing my withdrawal as requested, moreso when i had $1240 in my account and asking for just $668

3. Third issue i wouldlike to explain is how they prices just spike 100 pips out of the blue just after i entered the trade? Why does that spike only show in their trading platform and not other brokers platform? If it is news spike, then all brokers should record it. Why were they doing that to my account? I have evidence of this as during that time of then incidenent i was sitted and watching the market and observing many screens at the same time, monitoring different brokers i had account with. None of them were recorded those spikes, only alpha trading cm did, and they pulled it every time i placed the trade then they would go agaisnt my position in few seconds. It happened for 4 trades and i realised that they were playing trick then i shutdown the platform and went to skpye them about the matter. They said they wouldlook into it. They came back saying that it was their liquidity provider (lp), namely barclays who was playing tricks in my account. They said they would change me to another lp. So they blamed barclays for it. I didn't buy that, but perhaps i thought they were right so i tried continuing trading with them. The same thing happenned the following few days. Amazing these false spikes did not happen when i traded smal lots like 0.01 or 0.02 or 0.04. But once i traded 0.1 lot then it happenned. For me this was quick way for alpha trading to make quick bucks out of my account.

So i challenge alpga trading cm to come out here and explain their operations in terms of three isssues herein raised.