AlfaBTC Review – All You Need to Know About AlfaBTC.Com


As an introduction to the AlfaBTC Review, we have presented a table with key facts about the shady broker. You’ll immediately notice that some crucial information is missing, such as the name of the company’s owner and the spreads it offers. AlfaBTC also claims on its website that it “adheres to the KYC and AML policies.”

Leverage Up to 1:400
Regulation None
Headquarters 10 Newfoundland Place, London E14 4BH,

United Kingdom 

Minimum Deposit $250
Review Rating 1/5
Platforms Web-based 
Spread N/A

The following sections will go into detail about how this fraudulent broker deceives potential clients with its visually appealing website, alluring offer and false claims.

Is AlfaBTC Broker Safe for Your Money? Regulation

Let’s address the fact that the AflaBTC company is unregulated. Here is some undeniable evidence to support this claim – there are no records about the broker on the website of the Financial Conduct Authority (FCA), the UK’s regulating body, but AlfaBTC explicitly states that it is based in the UK. Therefore, this raises a red flag regarding the company’s legal status.

On its website, one statement reads that AlfaBTC is certified by the Crypto Conduct Authority (CCA). Lo and behold, there are results for the fraudulent broker on CCA’s website. However, the CCA also claims it is based in the UK but its certificate cannot replace the FCA’s approval.

The jurisdiction that the company mentioned is not plausible and yet another piece of evidence pointing that a sophisticated scam is underway. These are skilled tricksters we are dealing with and your money is definitely not safe if you fall for their false promises.

What Trading Platforms Are Available?

AlfaBTC sure took its time to boast about its amazing trading platform. Instead of actually making sure that it offers top-notch and credible software such as Meta Trader 4 or 5, it basically offers a browser-based platform that can also be downloaded for Windows and smartphones. 

Similarly to other, more blatant and outright scammers, the fraudster failed to provide access to its so-called state-of-the-art web platform. Bear in mind that the download files located on its website could contain malware that may harm your device.

Avoid trusting an illegal broker that does not provide sufficient and detailed information about its software and rather turn to legitimate service providers that elaborate on their platforms. We suggest choosing those that offer Meta Trader 4 and 5 because they are arguably the best working platforms in the world of trading.

What Account Types Offered at AlfaBTC?

According to the broker’s website, it offers a total of eight account types:

  • Bronze account – min. deposit of $10,000;
  • Silver account – $25,000;
  • Gold account – f $50,000;
  • Platinum account – $100,000;
  • Diamond account – $250,000;
  • Premium account – $500,000;
  • VIP account – $1,000,000;
  • Islamic account – no minimum deposit mentioned.

This list certainly showed the staggering prices for each of these accounts but did not disclose the most important information such as leverage or spreads. Only the Islamic account offers regular spreads, whatever that may mean.

The accessories and benefits listed for each account are practically meaningless since the scam broker does not intend to provide any of them.

Trading Instruments Overview

When it comes to trading instruments, AlfaBTC says it offers a wide range that includes “stocks, forex currency pairs, crypto assets, indices, oil, gas, metals and many much.” That is pretty much the classic portfolio and there is not much else added regarding specific details.

Know this, the FCA oversees that companies have regulations regarding crypto assets in place. The regulatory body shows no results on AlfaBTC whatsoever. 

The leverage that the broker offers goes all the way up to 1:400, which is banned in the UK by the FCA. Such high leverage carries numerous risks for novice traders and can result in great losses in volatile markets. 

Funding Method Available

The minimum deposit that AlfaBTC requires you to make is $250. Given all the previous scrutiny of this phony broker, you should really consider picking a legitimate broker that asks for much less money to enable you to start trading.

The payment methods include credit/debit cards, bank transfers, crypto wallets, and electronic methods such as Neteller and Skrill. The information about withdrawals was omitted from the website, implying that the scammer probably did not even think about it.

How Do I Get My Money Back if I’ve Been Scammed by AlfaBTC?

Depending on the payment method, there are ways to get your money back. First, payments made via credit/debit cards can be reversed through a chargeback. The issuing bank performs this activity if a request is submitted within 540.

A wire transfer can be reversed with a recall but if the payment is accepted then it is impossible to get a refund. That is why it’s important to act quickly. Crypto transactions can be tracked through the ID by connecting it to a wallet within the exchange. Afterwards, a person can request a refund from the exchange.

After all, cyber frauds nowadays use various methods to achieve their goal. It is important to report them as soon as possible in order to prevent their schemes from claiming other victims. We can assist you with that!

AlfaBTC Summary

  • AlfaBTC is a skilled scammer that should be avoided at all costs;
  • Even though there are no warnings about it, it does not exist on the FCA’s records;
  • There is not enough information about the trading platform and instruments;
  • The withdrawal process was not described on the official website.
  • Payments can be made via credit/debit card, bank transfers, crypto wallets and internet-based wallets such as Neteller and Skrill.

FAQs About AlfaBTC Broker

Is AlfaBTC a Scam Broker and Why?

AlfaBTC is a scam broker because it is unregulated, has many contradictions on its website and has not provided enough key facts.

What Is the Minimum Deposit for AlfaBTC Broker?

The minimum deposit that AlfaBTC Broker requires you to make is $250.

How Long Do AlfaBTC Withdrawals Take?

AlfaBTC did not mention how long withdrawals take. Instead, the broker only said that deposits are instant except for bank transfers, which take up to five working days.


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Nov 17, 2022
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