Are you tired of being scammed by fraudulent brokers? We will provide the solution at the end of this article. Have you heard of ALTESSO, a company that claims to offer a variety of trading services, but has been accused of scamming its clients? In this review, we will take a closer look at ALTESSO and its services, as well as the legal warnings and client feedback against it. We understand how frustrating it can be to lose money to scams, and we want to help you protect yourself from unscrupulous brokers. So, let’s dive into this review and expose the truth about ALTESSO.
Company Overview:
Name | Altesso |
Website | https://altesso.com/ |
Address | Avenue Louis-Casaï 18, 1209 Genève |
Regulation | Not regulated |
Warning | Swiss Financial Market Supervisory Authority FINMA |
Unfortunately, there is not much information available about ALTESSO. The company’s website does not provide any details about its location or contact address. This lack of transparency is a red flag and suggests that the company may not be legitimate.
Team
There is no information available about the team behind ALTESSO. This is another red flag, as legitimate companies typically provide information about their management team.
Services or Products
ALTESSO claims to offer a variety of trading services, including forex, stocks, commodities, and cryptocurrencies. However, there is no information available about the specific products or services that the company offers. This lack of transparency is concerning and suggests that ALTESSO may not be a legitimate broker.
Trading Platforms
ALTESSO claims to offer a trading platform called MetaTrader 4 (MT4). However, it is unclear whether this platform is actually available to clients, as there is no information about how to access it. Additionally, there is no information available about any other trading platforms that ALTESSO may offer.
License and Regulations
License Status
There is no information available about ALTESSO’s license status. We thoroughly searched the internet to find any license information, but nothing was found.
Regulation Status
There is no information available about ALTESSO’s regulation status. But, for being unregulated we found some warnings on the internet. We will show that in a later section.
You also can go through our other scammer lists such as the SEC Blacklisted Companies, FCA Unauthorised Firms List, ASIC Blacklisted Companies, & Bank Guarantee/SBLC Review.
Why Dealing With Unlicensed Brokers Is Risky?
Dealing with unlicensed brokers is risky because these companies are not subject to the same regulations and oversight as licensed brokers. This means that they may engage in fraudulent or unethical practices, such as misusing client funds, manipulating trades, or providing false information. Additionally, if an unlicensed broker is involved in a scam, it can be difficult or impossible for clients to recover their funds.
Legal Warnings Against ALTESSO
There are several legal warnings against ALTESSO. On 28th April 2020, the Swiss Financial Market Supervisory Authority FINMA issued a warning against ALTESSO. The FINMA stated that ALTESSO was operating without authorization and advised investors to be cautious.
Client Feedback About ALTESSO
There are several complaints about ALTESSO online. Many clients have reported that the company is a scam and that they have lost money as a result of dealing with it. Some clients have reported that ALTESSO refused to process their withdrawal requests or that their trades were manipulated. Additionally, many clients have reported that the company’s customer service is unresponsive or unhelpful.
About Trading
Previous traders mentioned having difficulties in trading. Especially, they cannot withdraw their funds. They were notified every time that they should invest more money to be able to withdraw their funds.
About Customer Service
Altesso does not have any good customer service. Traders reported that only an investment email was replied to. Other types of emails are ignored and they don’t reply to any chat.Â
How Can FXfarmupdate Help You If You Get Scammed?
If you have been scammed by a broker like ALTESSO, FXfarmupdate can help you. We offer a database of known scams, advice on how to spot and avoid scams, and information on how to report scams to the authorities. You can share your case to get a free consultation and some service recommendations to retrieve your lost money.
Final Thought
ALTESSO appears to be a scam broker that operates without proper regulation or oversight. If you are considering trading with a broker, it is important to do your research and choose a licensed and regulated company. Additionally, if you have been scammed by a broker like ALTESSO, submitting your case to us can help you recover your funds and protect yourself from future scams.
