Menu Review: Is AleForex Scam or Genuine? Review: Is AleForex Scam or Genuine?

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AleForex offers managed account services, expert advisors, trading indicators, webinars and trader education provided investors open an account with them and funds it with a minimum of at least $500. They also claim that they are always updating their trading tools for optimal results and that their team of traders have 8 years of experience in the industry.

There are 4 different types of trading accounts offered by AleForex. These include Silver, Gold, Platinum and Education. Each one of these accounts offer a set of unique features which are allegedly aimed at helping traders grow their account balance. Ideally, the first 3 account types are for generating returns while the last account type is centered around providing education materials to investors of all levels. Indicators are freely included in this account type as well.


The minimum investment that is required to open any of these accounts is $500 with the exception of Platinum account type which requires $1000 as minimum deposit. As usual, each of these account types also promise different return percentage because all of them are managed account types. These returns range from a realistic 4% a month to 15% monthly returns. This is within the industry norm.

To get in touch with any of their representatives, traders are advised to use the contact form on their website or send an email to [email protected] In addition to this, Skype support is also offered where traders are supposed to speak to someone by the name Mercadoforex (Erick Gálvez). It is not clear whether this is an employee or the owner of this operation. But this is not very important as we are only concerned with the trading performance of this operation and whether or not they can deliver instead of scamming us.

In the meantime, if you are looking for working trading solutions, our advice is that you should invest with these carefully selected trading products. 

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AleForex review

AleForex does not disclose ownership information on their website. It does not mention the name of any company that is in charge of overseeing their trading activities. Besides, they are not telling us who is behind this website, where they are based at and whether or not they are regulated. Ignoring these important details is a red flag especially where money is involved. Nearly all jurisdictions are regulating the kind of service that  AleForex offers. In the US, they are required to report to the SEC because by offering investment returns of a specified percentage, they are offering securities to investors and this needs to be registered with the SEC. In the UK, the FCA requires that all services that involve trading are supposed to be licensed by the body in order to operate legally.

AleForex is clearly involved in trading or at least that is what they claim to do. And if that is the case, they need to have a license that permits them to offer investment products while managing trading accounts for their clients. Only brokers whom they are working with are regulated. But  AleForex is not regulated and yet it is the entity that offers securities or trading products to the masses.

Trading accounts and returns

These trading accounts offer monthly returns of between 4% to 15%. They are also charging a commission of between 3% to 5%. It is not clear whether these investment accounts are for professional traders or those seeking managed account services. Also, for the education account type, we are not sure why the service is charging $500 as minimum deposit and yet it is quite clear that no trading is involved with this account. Basically, lack of transparency is the biggest concern with this investment platform.

Portfolio or trading performance

Now that  AleForex is offering managed account services, they should be able to prove that their traders are performing as claimed on the sales page. 4% monthly returns is very reasonable but if the traders cannot show us their verified performance to prove the same, then clearly it means that something is terribly wrong. Either they are not trading and if trading is involved, they are not generating these kinds of returns.

We are disappointed by the kind of results which they are presenting on their sales page since these figures have not been audited by an independent third party. It is not in your best interest to invest a whooping $500 on an investment platform that cannot prove its trading performance.

High minimum deposit

The high minimum deposit that is required by these people is sickening because even the best brokers out there will allow funding an account with as little as $100. Even if you wanted to train yourself how to trade, you’d still spend less on trading materials or use the best trading products out there for much less. Then you’d simply open a trading account with your preferred broker to make the money that you have always wanted.

Therefore, the minimum deposit which is required by the brokers whom they are working with is on the higher side. Most traders cannot be comfortable forking this amount in the name of trading.

An investment service with no reputation

AleForex is a very new service which means that they have not built their reputation yet. Because of this, we cannot trust their trading background and level of experience because they have not demonstrated it. A domain that was created just the other day does not project confidence in investors looking for managed trading accounts. For that reason, you’d be better off shunning this service because they are still new and have not proved that they can do the job as promised on their website.

Our best advice for you

The most likely thing is that AleForex is engaged in fraudulent activities which is why they are anonymous and secondly, they are not regulated but are working with brokers whom they claim are regulated. And thirdly, this is a brand new investment service. We should wait to see how they’ll fair on. In the meantime, we are asking traders to avoid investing with AleForex and instead use reliable trading products to make money. 

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