AlphaSoft AI Review: Is Scam or a Legit Crypto?

Is AlphaSoft AI Legit or Scam?

AlphaSoft AI raises a lot of red flags, making it a clear scam. Here’s a breakdown of why you should stay away:

Company Overview

Services or Products

AlphaSoft AI claims to offer forex, CFDs, shares, commodities, ETFs, futures, bonds, precious metals, and cryptocurrencies. However, due to the lack of regulation, the legitimacy of these offerings is highly questionable.

If you have lost money to companies like Huobi Global, or GMO Global; please report it to us on our Report a Scam form.

Trading Platform & Leverages

AlphaSoft AI boasts an “easy to use” platform, but it’s actually a basic web trader. Reputable brokers offer industry-standard platforms like MetaTrader 4 (MT4) or MetaTrader 5 (MT5), which provide advanced features and functionalities.

The advertised maximum leverage is 1:50. However, with an unregulated broker, leverage claims are meaningless.

Spreads and Cost of Trading

AlphaSoft AI advertises spreads starting from 1.5 pips, but reports indicate much higher spreads in reality. Unregulated brokers often manipulate spreads and fees to their advantage.

License and Regulations

This is where AlphaSoft AI truly exposes itself as a scam. They claim to be licensed by a fictitious “Crypto Conduct Authority.” In reality, they hold no legitimate forex license. Regulation is crucial for protecting your funds and ensuring fair trading practices.

Legal Warning Against AlphaSoft AI

Do not deposit any money with AlphaSoft AI. You have no legal recourse if things go wrong. Dealing with an unlicensed broker exposes you to significant risks.

Deposit and Withdrawal Methods

AlphaSoft AI claims to accept various payment methods, but there’s no guarantee they will process withdrawals. Scam websites often push for irreversible methods like Bitcoin to make recouping funds nearly impossible.

AlphaSoft AI Pros and Cons

Why Dealing With An Unlicensed Broker Is Risky

Unlicensed brokers offer zero protection for your funds. They can manipulate prices, refuse withdrawals, and disappear with your money. They are not accountable to any regulatory body.

Client Feedback

There are likely very few if any, genuine client reviews for AlphaSoft AI. Reviews on their website are likely fabricated. Look for reviews on independent platforms to assess a broker’s reputation.

How Can “Reviewsadvice” Help You If You Get Scammed?

Unfortunately, recovering funds from a scam is difficult. However, you can report the scam to financial authorities and file a chargeback with your bank if you deposited using a credit card.

The process of doing the reporting is tough and tiring. Our professionals can help you by providing guidance and proper suggestions to complete the process. Also, they can help you by:

• Recovery Specialists: Connecting you with services to potentially get your funds back.
• Withdrawal Issues: Assistance in filing complaints if you’re facing withdrawal problems.
• Disappearing Brokers: Help find experts to track down the broker and guide your next steps or you Can report to us today by the below form.