Altex Trade: a unique approach to deception

Altex Trade adheres to an original method of fraud, different from other scammers. It has implemented a policy of restricted access for users, making its platform inaccessible to the general public. This allows the chosen ones to evade interference from experienced traders and continue deceiving newcomers without hindrance.
In this review, we will examine key aspects of Altex Trade’s operations, including the verification results of its legal documents, trading conditions, and reviews from real users.

Insider information about Altex Trade

The unavailability of the altex-trade.com website without a VPN forces users to pay attention to registration through www.my-altexglobal.uk. Reviews indicate that the broker positions itself as an exclusive club accessible only by personal invitation.

Scammers realize that open access to the website can expose their scams, so they seek to preserve investors’ personal data to later use in fraudulent schemes.

The launch of the altex-trade.com website in late 2021 led to numerous negative reviews, which is not surprising.

Similar fraudulent websites hosted on the same IP address confirm that the authors of all these brokers are the same individuals.

User reviews also point to serious service issues caused by limited communication capabilities and complete anonymity on the part of the scammers.

Legal aspects

Altex Trade conceals information about its legal status and licensing. Reviews indicate an address publication in London, but the authenticity of this information is in doubt.

The lack of registration data in the Companies House database and FCA register casts doubt on the legality of Altex Trade’s operations.

It is presumed that Altex Trade actively attracts users from CIS countries, but the absence of licenses from local regulators indicates the illegality of their activities.

Facts suggest zero chances for Altex Trade to obtain a license. The entities presented under Altex Trade ALX have already been blacklisted along with numerous subsidiary domains.

Terms and client attraction

Altex Trade attracts clients by promising direct access to exchanges, high liquidity, and capital protection. They offer a demo account for beginners, demonstrating profitable trades to attract real investments.

Minimum deposit – from zero,
200+ assets,
Main currency – USD,
Deposit bonus – from 30 to 100%,
Leverage – from 1:100 to 1:500.

Commissions depend on the selected tariff plan. New incentives for transitioning to new accounts are used by scammers to attract additional funds.

Client reviews

Altex Trade’s shady dealings have garnered numerous negative reviews highlighting financial irregularities, payment refusals, and deceit.

Typical fraud scheme

The fraud scheme at Altex Trade is simple and effective:

Selected traders are lured in with promises of earnings under the watchful eye of professionals,
Profitable trades are demonstrated on a demo account,
After real investments are attracted, the account is blocked, awaiting significant sums in the account.

Attempts to reclaim funds prove futile, and users warn newcomers about the dangers of trading with Altex Trade, although not all heed such warnings.