Alliance Capital Review Is A Scam Broker

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Alliance Capital Review: Is A Scam Broker? Review: this is the website of a Forex brokerage that is located in an offshore region. Are your funds safe with Alliance Capital? Since this is an offshore based broker, funds safety is not assured. Find out more about this company.

The most vital part of our reviews is the uncovering of if a company or Forex broker is properly licensed or not. To do this, we first establish the location or region where it claims to be based. Then we check with the commission or authority regulating trade there whether it is listed among regulated companies or not.

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Alliance Capital mentions on its website that it is located in St Vincent and Grenadines, which is an offshore location. Forex trading goes on without proper regulation in this kind of location making it a choice base for scam companies. Trading with a Forex broker that is unlicensed poses many dangers to traders’ funds. Misappropriated funds may not be recoverable by the government as well.

Unlicensed brokerages are not under any rules of traders and this puts traders in more risk than they will be in if they had chosen properly licensed ones.

Advantages of Alliance Capital

The page opens with a statement that traders can make money on the financial market with a reliable broker. It is common for Forex brokers to start out with claims of making clients richer. This is because everyone seeking out easier ways to trade effectively does so to make more profit.

However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared to just deceive and steal their funds. Considering what is offered and proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit brokers at the bottom of this article.

About 500+ financial instruments are available in the trading portfolio of this brokerage as well as deposit bonuses. Low spreads are used as well as negative balance protection for the safety of invested capital.

Alliance Capital Trading Platform

Alliance Capital offers traders access to the MT4 trading platform, which is a good thing. We advise readers and traders to always look out for the MT4 or MT5 platforms. The MetaTrader platforms are commonly used because they allow the use of trading robots.

Legit brokers are known to offer at least the popular MetaTrader 4 or 5 trading platform.

These platforms are very good signs as they have become some of the most widely used by experienced traders. They are found to be compatible with various devices’ operating systems. All can be used on desktops, Linus, Windows, iOS, and Android.

Tools that come with these trading platforms are also found to be useful for traders. It has proven to be user-friendly as well and helps traders in analyzing the market easily.

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Trading instruments offered to traders are not mentioned extensively but they are said to be over 500 in number. We know that legit brokers offer currency pairs, indices, CFDs on many commodities and cryptocurrencies. It is important to let traders know the options open to them.

The maximum leverage offered to clients is 1:100 and while this may seem generous, it is not advisable. High leverages can lead to huge loss of funds as well. Spreads are from 0.1 pips on the EURUSD pairs.

Spreads of 1.5 pips or below are what is obtainable in the forex industry and traders are asked to look out for this. Leverages of between 1:30, 1:50 and 1:25 are also common among regulated brokers.

Deposit and Withdrawal methods on Alliance Capital

The means that traders are to use to make deposits and withdrawals are not disclosed. Which is surprising as the page stated that there are numerous options. It is very unusual to find this information missing on a brokerage’s website.

This is because standard and legit brokers make deposits and withdrawals available via Visa, MasterCard, and Wire Transfer. Many offer e-wallets like Skrill, Neteller, UnionPay, FasaPay, and so on.

A minimum deposit of $250 is required and this is within the obtainable average of $100 to $250 that is common among legit brokers. Withdrawal fees apply as follows: $50 for wire transfers, $35 for card transactions and $25 for e-payments.

There is a bonus offered to traders on making deposits. We find this to be more of a disadvantage because bonuses are commonly used to tie down the funds of clients by scam brokers. They attach ridiculous and unattainable withdrawal conditions after giving traders bonus.

This information is important so that clients can invest any little amount they can spare. In order to be able to first watch the working of the brokerage. If then they are satisfied with what they see, they can determine when to withdraw their money.

Is Alliance Capital Licensed?

No. Alliance Capital is not a properly licensed and registered broker. Even if anyone comes across a mention of licensing from this firm, so long as it is based in the offshore location, it is not likely to be a trustworthy one.

Regulated Forex brokers in Europe, America, Africa, Australia, and Asia are under many strict rules. The regulatory bodies like the FCA, FSCA, CySEC, AISC, NFA and many others have regulations protecting Forex traders from unfair brokers. This is why they come top as recommended Forex brokers.

Blacklisted by FCA

Lacking a proper license is bad enough but this is not our only bone of contention with Alliance Capital. It turns out that it is also a company blacklisted by the Financial Conduct Authority (FCA) in the UK. The warning served by this commission also mentions that the broker unlawfully used the details of Capital Alliance Partners Limited. Both companies have no association and should not be mistaken for the other.


The only means of reaching the broker we found on the page is by subscribing to its newsletter.


Many things point to the fact that Alliance Capital should be avoided and not traded with. Even the MT4 trading platform it offers is run by another company. If you have anything to say about this broker, do so in the comment section.



Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide.. visit their official website

Alliance Capital Review – is it scam or safe?

Trading Accounts and Conditions

Trading account Min. deposit Max. leverage Spreads*
Bronze $250 1:10 from 0.1 pips
Silver $1 000 1:50 from 0.1 pips
Gold $10 000 1:100 from 0.1 pips

*As announced on website.

Alliance Capital is an offshore brokerage that offers the three account types listed above and access to the MetaTrader4 platform. While such an offer might sound good, we have serious concerns about this broker, which will be highlighted below. So, make sure you read this detailed review on Alliance Capital prior to investing any money.

Alliance Capital Advantages

Supports the MT4

As more than 80% of all forex brokers, this one also allows you to access the global financial markets via the MetaTrader4 (MT4). It also uses Status Webtrader platform.

The MT4 is so popular among traders because it is user-friendly, and yet equipped with a set of professional tools. Some of these include advanced charting package, numerous built-in analysis indicators, Expert Advisors for automated trading, and more.

Yet, considering that we couldn’t test Alliance Capital’s MT4 and that the broker is not legitimate, you’d better take a look at our extensive list of forex providers that also allow trading on the MT4.

Alliance Capital Disadvantages

Click on the image to zoom in.

According to their presentation, the broker is a trademark of Waltika Partners Ltd., a company incorporated in St. Vincent and the Grenadines (SVG). We should also note that Waltika Partners Ltd. also operates Imperial Finance Group (IFG) – a broker that has been blacklisted by the Spanish financial watchdog, the CNMV.

SVG is an offshore zone, where forex brokers are not subjected to any licensing regime, nor supervision, as the local Financial Services Authority stated.

In other words, offshore brokers like Alliance Capital are pretty much free to do whatever they like, which means that the security of your investment depends solely on the integrity of the people behind them. More often than not, these people are con-artists and this might as well be the case with this broker, especially considering that it was flagged by the UK financial watchdog.

Exposed by the FCA as a clone

Alliance Capital was blacklisted by the authorities in the UK as a potential scammer that illegally using the details of another company – Capital Alliance Partners Limited – with which it is not associated in any way.

This is a sign of trouble because the broker obviously targets European investors without being authorized. What is worse, in most cases financial regulators issue warnings against unregulated brokers after they have received complaints and alerts from traders who have fallen victims to scams.

No free testing service, high spreads

Another worrisome sign regarding Alliance Capital is the broker doesn’t provide free testing service either, which is always a worrisome sign, as it shows lack of transparency.

Alliance Capital`s Status Webtrader. Click on the image to zoom in.

When we opened a live trading account with the broker, we were able to see the benchmark EUR/USD spread fixed at 3 pips on Alliance Capital`s Status Webtrader. Such spreads are at least two times higher than the average in the sector.

While most offshore brokers provide generous leverage ratios, Alliance Capital offers leverage up to 1:10 on the most basic account types. This is even lower than the leverage allowed to retail clients in heavily regulated markets like the EU or USA.

MT4 provided by a third party

Although we couldn’t test the broker’s MT4, it is available for download after signup. So, we could see that the platform is actually provided by a third party, Pentacle Group Ltd. – an offshore company which operates the shady brokerage brand ChronoFM. This is not a serious drawback, when compared to previous ones, but it is still worth mentioning.

Withdrawal fees and requirements

Furthermore, Alliance Capital charges rather hefty withdrawal fees, and has set rather high minimum withdrawal requirements, which, of course, is another disadvantage of this offshore broker:


Overall, Alliance Capital appears to be a fraudster that tries to mislead investors it is legit, while it is not and shows typical signs of a scam: illegal use of the details of a regulated forex broker, no free testing service, high withdrawal fees, etc.

As always, our best advice for traders looking for a reliable forex broker, is to select among those licensed by reputable financial agencies such as the Financial Conduct Authority (FCA) in the UK or the CySEC. Also, don’t forget to check the companies’ names as well as approved domains in the public registers of the respective authorities.

And finally, here are the highlights of the present review of Alliance Capital:

Pros Cons
MT4 supported No legit license, blacklisted by the FCA
No demo accounts
Conservative leverage, high spreads
High withdrawal fees
MT4 provided by a third party
Broker Advantages

FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.

XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.

FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.

FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.

FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.

Alliance Capital Review: Is A Scam Broker?

After doing some research, we found out that a lot of traders are reporting Alliance Capital and writting bad reviews about it.
It seems like they are not happy about it and they warn others not to trade with them.

It’s always important to know what other traders are thiking about a broker before using it and we can say that they are not saying good things about Alliance Capital.

What do regulators say about Alliance Capital ?

This is the most important thing you need to know about a broker before using it. Is Alliance Capital regulated ? Is it an offshore company ?

Most brokers are unregulated or regulated by an offshore regulation authority which won’t help you in case of problem. Keep in mind that if a broker steal your funds, you won’t be able to complaint about it unless they are licensed by a serious regulator such as the CySEC (Cyprus Securities and Exchange Commission).

An unregulated broker is clearly not authorized to operate in any regulated country and you should definitely not put any money into it.

Alliance Capital is an offshore broker owned by Waltika Partners LTD and located at Suite 305, Griffith Corporate Centre P.O.Box 1510, Beachmont Kingstown, St.Vincent and the Grenadines.

They can be contacted by phone at this number : +4402075340788 or you can send an email to [email protected]

You should definitely avoid any unregulated or offshore broker and Alliance Capital is one of them.

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