Alphachain Academy Ltd

Note: Alphachain's official site - https://alphachain.co.uk/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

What is Alphachain？

Alphachain is an unregulated trading platform established in 2017 and based in the United Kingdom. Alphachain offers a variety of programs covering a wide range of topics, including cryptocurrency trading, algorithmic trading strategies, global trading techniques, and forex market analysis. Additionally, Alphachain provides access to a diverse array of trading instruments, including forex, indices, commodities, and cryptocurrencies with MetaTrader4 platform.

Pros & Cons

Pros:

• Wide Range of Trading Instruments: Alphachain offers a diverse selection of trading instruments across various asset classes, including forex, indices, commodities and cryptocurrencies.

• Multiple Programs: The platform offers diverse programs, including the Cryptocurrency Trader Program, Algorithmic Trader Program, Cryptocurrency Algorithmic Trader Program, Global Trader Program, and Funded Forex Trader Program, catering to various trading needs and experience levels.

• Multiple Customer Support Channels: Alphachain provides various customer support channels including phone, email, and address, enhancing accessibility and assistance for clients.

Cons:

• No Regulation: The lack of valid regulation raises significant safety and trust concerns, as regulatory oversight is crucial for ensuring customer protection and platform transparency.

• Lack of Information: The company's website is non-functional, suggesting a lack of transparency and reliability.

Is Alphachain Legit or a Scam？

Alphachain currently lacks valid regulation, which raises significant concerns about its safety and legitimacy. Regulatory oversight is crucial for ensuring that a financial services provider operates within established standards and adheres to specific rules and requirements designed to protect investors and clients. Without proper regulation, there is an increased risk of fraudulent activities, scams, and inadequate consumer protection.

Market Instruments

Alphachain offers a diverse array of trading instruments, providing clients with over 100 options across various asset classes. Traders can explore opportunities in forex markets, engaging in currency trading with major, minor, and exotic pairs. Additionally, Alphachain caters to those interested in indices, allowing investors to speculate on the performance of global market indices.

For those seeking exposure to commodities, the platform offers trading options in various commodities such as gold, silver, oil, and agricultural products. Furthermore, Alphachain recognizes the growing popularity of cryptocurrencies and provides access to this dynamic market, enabling traders to capitalize on the price movements of digital assets like Bitcoin, Ethereum, and Litecoin.

Accounts

• Cryptocurrency Trader Program

• Duration: 1 month

• Content: Provides support and training for cryptocurrency trading at a CPD-accredited level, with a focus on on-chain analytics.

• Cost: £2,250 (inc. VAT)

• Algorithmic Trader Program

• Duration: 3 months

• Content: Teaches the development, testing, and execution of algorithmic trading strategies. Clients can receive 50% of profits made using the $20,000 evaluation account funding. Includes 1-2-1 mentoring, a clear progression plan, and webinar guidance.

• Cost: £3,420 (inc. VAT)

• Cryptocurrency Algorithmic Trader Program

• Duration: 3 months

• Content: Covers theoretical market concepts and provides expert training for developing algo coding skills to implement fully automated financial models. Includes a strategy assignment to demonstrate acquired skills.

• Cost: £3,950 (inc. VAT)

• Global Trader Program

• Duration: 3 months

• Content: Provides credentials to trade at a CPD-accredited level, with daily interactive webinars and 1-2-1 mentoring with the CEO. Topics include trading psychology, investing techniques, and understanding morning market announcements.

• Cost: £3,420 (inc. VAT)

• Funded Forex Trader Program

• Duration: Initially 1 month

• Content: Designed to develop industry knowledge and experience in global forex markets. Includes mentorship for chart analysis using TradingView to identify patterns and trading opportunities.

• Cost: £1,950 (inc. VAT)

Alphachain also offers two funded trading account options: the $15,000 Funded Trading Account and the $20,000 Funded Trading Account.

Both accounts provide 1:100 leverage, a 50% profit split, and a weekly risk limit of 5%. The $15,000 account has a maximum lot size of 0.75 lots, while the $20,000 account allows up to 1 lot. Traders must meet an initial target of 10% at each level, with a maximum drawdown limit of 10% based on the starting balance. A one-time set-up fee is required for each account, with VAT included.

Both accounts support trading in forex, equity indices, and commodities, and traders can hold positions overnight and over weekends upon request. Additionally, there's a maximum allocation of $1 million for both account types, with allocations doubling each time a target is reached.

Leverage

Alphachain empowers traders with a maximum leverage of 1:100, a tool that allows them to amplify their trading positions significantly. With this level of leverage, traders can control positions that are up to 100 times larger than their initial investment, thereby magnifying both profits and losses. This heightened leverage capability offers traders the opportunity to increase their exposure to market movements without needing to commit substantial capital upfront.

Trading Platforms

Alphachain provides its clients with the renowned MetaTrader 4 (MT4) trading platform, known for its user-friendly interface and powerful features. With MT4, traders can access a wide range of financial instruments, execute trades efficiently, and analyze market trends with advanced charting tools. The platform offers customizable indicators, automated trading capabilities, and real-time market data, empowering traders to make informed decisions and capitalize on trading opportunities.

Customer Service

Alphachain provides a comprehensive and accessible customer support network, available from Monday to Friday, 8 AM to 5 PM GMT.

• Phone: +44 020 7097 3984

• Email:info@alphachain.co.uk

• Address: 43 Berkeley Square, Mayfair, London, W1J5AP

Conclusion

In conclusion, Alphachain offers diverse trading instruments to cater to different trading needs and allows trading with multiple account types. However, its unregulated status raises significant concerns about its safety and legitimacy. The lack of complete and transparent information about its trading assets, account details, and other service sections can hinder a trader's decision-making process.

Frequently Asked Questions (FAQs)

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.