Altosmarket scam broker: honest company review and traders’ fraud scheme
Broker-scammer Altosmarket: honest company review and trader scam scheme
Altosmarket positions itself as the safest and most reliable CFD broker. Its website altosmarket.com talks about numerous awards. But what is really hidden behind this information? After analyzing the service, we have prepared a detailed review to help you understand the situation.
Overview of General Information about “Altosmarket” Company
According to information from the official altosmarket.com website, the CFD broker belongs to the Cyprus company Altosmarket Limited, regulated by the CySEC regulator. However, a check revealed that a company with this name is not listed in the registry of legal entities in Cyprus.
The license presumably issued by altosmarket.com is also fake. Document No. 124/10, referred to, was obtained by another company ORBEX Ltd, unrelated to Altosmarket.
A copy of the certificate issued by Altosmarket in the offshore island nation of Vanuatu is presented on the website. However, the regulator itself is not reliable, and a check on its website revealed that the document presented is fake.
The scammers didn’t even bother to make the data more plausible – the photoshopped “license” is dated 2019, while the website states that the company has been operating for over 10 years.
About the Official Website
The official altosmarket.com website is filled with self-promotion. The broker claims to have 60 awards and partners with a world-renowned name, which cannot be confirmed.
The site emphasizes registration and the start of trading. There are many registration buttons, and clicking on them redirects to a registration form page.
Altosmarket does not impose requirements on traders and does not take on obligations. Information about trading risks is minimized, and only English and Russian languages are available, despite the promise of global activities.
Review of Trading Instruments and Altosmarket Platform
Altosmarket offers over 250 trading instruments, including currency pairs, precious metals, energy commodities, and securities. The broker claims to offer the best trading conditions for contracts for difference. The trading platform can only be accessed after registration.
Altosmarket Scam Scheme
Altosmarket is a scam project aimed at the lack of experience among traders. The service is designed to obtain funds and user data, which can then be sold to other scammers.
Altosmarket’s activities are not regulated, and there is no license, which is a serious warning for traders.
Review Summary
We strongly recommend refraining from interacting with Altosmarket due to the high risk of losing funds and confidential data. Altosmarket deserves a bad reputation, so be vigilant and protect your assets.
Author: Irina Vladimirova