Alive Markets

Is Alive Markets a living, breathing broker, or is it hanging on its last breath? Read on to find out.

There is mention of a GCMT SA, in the regulation section of the website, which is a juristic representative of FSP Blackstone Marketing SA (PTY) Ltd which is regulated by the Financial Services Board (FSB) in South Africa. However, there is no mention of Alive Markets here. See for yourself.

Both FSP Blackstone Marketing SA (PTY) Ltd and GCMT SA are two other brokers.

However, this is the only mention of these companies. The rest of the website is devoid of these names. On top of that all the legal documents are extremely lackluster in quality and quantity. All they offer are the most basic information and nothing more.

Furthermore, there is no actual connection between Alive Markets and GCMT SA / FSP Blackstone Marketing SA (PTY) Ltd. None of the legal documents bind these companies in any way. Our theory is that the broker has mentioned the names GCMT SA and FSP Blackstone Marketing SA (PTY) Ltd without permission and uses them as pretext.

On another note, the footer mentions an address in the United States, which immediately puts this broker in the hands of the NFA and CFTC. These two license issuers are the most severe in the world and require a net capital of $20 million minimum for brokers to be regulated; the main reason only a handful of brokers remain in operations in the USA.

Moreover, in the Contact Us page the broker gives us both the US address and another in Belize. All this intertwined information is the typical work of shady brokers.

And since we could not find Alive Markets in the FSB, we are bound to conclude that Alive Markets is UNREGULATED, and present a risk to traders.

Investing in unregulated brokers is the digital equivalent of throwing your money away for the wind to disperse it. It’s obvious that no one would do such a thing. Go with brokers that are regulated by trustworthy organizations like the FCA or CySEC. These entities work closely with the law, enforce it when called for, and have strict requirement for those under their gaze. Not to mention that those under their jurisdiction are members of compensation funds that cover victimized clients’ losses of up to £85 000 (FCA) and €20 000 (CySEC).

We tried registering several times, each time getting the same message:

Yet we were able to launch a trading platform without issue, where we opened a demo account. The maximum leverage that the broker offers is 1:1000, which is ludicrous and a huge risk.

The spread is for the EUR/USD currency pair is 1.1 pips, as taken from the trading platform.

On the trading terminal, the instruments for selling/buying are Forex pairs, Metals, Energy, Indices, and Cryptocurrencies.

The only language that the broker is available in is English.

ALIVE MARKETS LOGIN

The broker has included a MT4 trader.

METATRADER 4

Metatrader 4 still holds on its own when it comes down to delivering what is necessary. The functionalities are all there including drag and drop charts, user friendly accessibility and pending order types. With MetaTrader 4 you can set automatic trading bot to do your deals for you while you preoccupy your time with different activities.

The leverage that the trader gives us is 1:1000. The EUR/USD spread is 1.1 pips, which is actually very good.

The illegitimacy of the broker is yet again confirmed, this time by the MT4’s holder.

The MT4 here is evidently not under the name of the broker. It seems it’s a 3rd party MT4 used by Alive Markets.

The trader we accessed was on a desktop trader. There is also a mobile version on Apple and Android.

ALIVE MARKETS MINIMUM DEPOSIT

The legal documents hold close to no information concerning deposits.

The minimum deposit to open a Micro account is $100.

Methods for funding are Wire Transfer, Debit/Credit card, CashU, Neteller and FasaPay, according to the Deposit Methods sub page.

Due to the broker’s lack of any regulation, we advise against depositing any amount whatsoever. If traders wish to invest in online forex, they will find that any FCA/CySEC regulated broker will surely do. These agencies are at the top of their game, demanding a strict conduct from brokers, and requiring regular reports on their activities.

DON’T PROVIDE YOUR CREDIT CARD CVV CODE

The three digit CVV code is essential to making purchases or completing transactions online. By handing this info to someone claiming to be a broker, your are exposing your savings to the biggest risk of all!

DON’T PROVIDE ACCESS TO YOUR COMPUTER AND BANK ACCOUNT VIA ANYDESK OR TEAMVIEWER

Be sure to never give AnyDesk or TeamViewer access to your PC to unverified agents. These 2 platforms allow for your PC to be taken over by a second party, often times for help or guidance, but in the case of these brokers for the sole purpose of looting your bank account(s) and personal information. However, in order to do so your consent is needed, and this is the only thing standing in the scammers’ way.

ALIVE MARKETS WITHDRAWAL TIME AND FEES

Withdrawal details are scarce to say the least, which should not be a surprising revelation, for the broker is shady. Add to that the failed attempts at registering, and what we are left to work with is very limited.

We could not find a minimum withdrawal amount value anywhere on the website.

The same thing can be said of the processing times and withdrawal fees.

Keep in mind that Alive Markets is unregulated, so the abscence of any withdrawal details should not be surprising.

ADDITIONAL FEES AND TAXES

Always be on your guard when dealing with unregulated brokers. They can easily launch incoming fees without warning. Furthermore, once you request a withdrawal, probably due to your suspicions being realized, the broker will most certainly deny your appeal. This denial is followed by a well thought of justification. Either they will find a loophole in the T/C that upholds their right to keep your deposit, or they will ensure you that now is the worst time for withdrawals for the market will very soon thrust upwards and multiply your initial investment by unrealistic numbers.

ACCOUNT VERIFICATION

Traders will sooner or later realize that something is a foot. Filing for a chargeback might not be as easy as it seems if, beforehand, the user has given away a copy of his ID and proof of address to the unlicensed broker. With these in their possession the broker can easily refute any claims you might have against them.

Yet again we urge readers to stay away from this broker as it will, without a doubt, never return your funds and profits. If you wish to to get smooth and efficient transactions, please visit a FCA/CySEC regulated broker, where all withdrawals are handled with care and respect.

HOW TO RECOVER

The only way to recover is by filling for a charge back, and hoping it’s not too late.

If you have given a CVV code to the broker, be sure to cancel your credit card as soon as possible, because the broker will not delay with draining every cent from it.

At some point or another you might stumble upon a “recovery” agent or agency that promises to retrieve all your money back. This sounds all too good to be true, and that’s because it isn’t. Before proceeding with the recovery they will ask a payment for their services. If you chose to indulge them, they will disappear with the money without a hint of remorse.

The last line of defense for these indecent folk is more like a desperate cry: often times they will comment on reviews and cite the whole ordeal as a conspiracy initiated by competitive brokers against them; at times even claiming that reviewers are anything but objective, and that no one writes good reviews. The absurdities are limitless!

BOTTOM LINE

Alive Markets entangles itself in its own claims and words, while leaving the trader puzzled, who in the end shouldn’t bother. Stick with regulated brokers!