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Alertel Systems (Alertelsystems.com) is another Indian based indicator provider. There has been a lot of chatter in regards to the authenticity of the vendor. According to their homepage, the platform trades on all markets. These include Commodities, Crypto, Forex, Shares, and so on. The vendor presents this as a dynamic trading tool that is affordable and easy to use. With a quoted accuracy of 98 percent, the vendor claims it helps make a lot of money. And this is where we busted them.
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The idea behind creating this software was to have user-friendly trading software. When reading their about us page, we could see that the intention was clear. It was made for beginners to understand the ropes when it comes to online trading. After facing many hurdles, the vendor claims that they produced a trader friendly software. The only problem we have with this vendor is using over the moon claims and promises. An accuracy of 98 percent is not near the truth and is what makes us doubt the platform.
Alertel Systems is a con platform that is using insane profit claims to attract investors. The platform is not able to produce any viable results. A closer look at their website shows lag when changing to different pages. The design of their homepage is also poor, making them look like liars. From our point of view, this is another platform taking advantage of naïve investors. And this is the reason why we have to expose the use of this platform. There is no way of trusting a platform that claims to make 98 percent accurate results.
The platform claims to have offices in the following regions, Cyprus, Germany, and India. On their homepage, they have testimonials from traders in the UK and the United States. We checked with various regulators in these regions to ascertain whether the vendor is licensed. All the regulators we contacted, including BaFIN, CFCT, CySEC, FCA, and NFA, have yet to approve the platform. And this means that Alertel Systems is not however compliant with industry regulations.
Without having a valid license from investors, there seems to be a huge problem. The vendor is unable to produce any documents to prove otherwise. One of the biggest issues with unregistered platforms is the security of funds. Such a promising indicator is not able to protect your investments. With no regulation, the vendor is not able to make insurance cover for deposits made. And this throws investors into jeopardy as there is no way of recovering funds. Any money-back guarantee on the platform is not a valid statement.
With the vendor claiming to trade on all markets, they make no effort in explaining it. The vendor just claims to be in the commodities, crypto, forex, and stock markets. There is no mention of the available currency pairs. It would be helpful to some investors to know whether the platform offers any exotic or significant currency pairs. Does the robot provide signals for crypto pairs? These are some of the questions the vendor should be answering in terms of asset availability.
What is shocking with this vendor is that there are no customer reviews. One would expect a platform with such high accuracy levels to have a massive chunk of the market. It is clear that without comments from users, the indicator has not been well received. And this is the reason why we have to blacklist the use of this platform. The vendor claims to make high accuracy levels that are unmatched in the industry. Without customer reviews, it is safe to assume investors already smell a rat with the products.
There is no information as to who owns and runs the platform. We could not see the name of the developer, which points to an anonymous platform. There is something amiss with a vendor who fails to recognize themselves. It appears that we have another anonymous trading platform. With anonymity comes the uncertainty of how the product behaves. We also note that the vendor fails to describe their trading background and history. From what we have seen in the past, such vendors are most likely scam artists.
The platform claims to cover the global markets and has displayed stop-loss levels. Other features on the platform include the 98 percent accuracy and display take profit levels. We also noticed the vendor offers buy/sell entry and exit with sound alerts. The platform also uses an optimized price channeling system and a display of market trends. These features make the vendor look professional. The only problem is that the platform is nowhere close to doing exceptionally well in the industry.
Alertel Systems is furnishing users with three products. The vendor offers Platinum, Gold, and Silver products. Pricing on these products depends on the subscription model. There are three subscriptions to choose from six months, eight months, and 12 months. The price of each product is Silver $100, Gold $150, and Platinum $300. One of the notable differences between Gold and Silver products is the filtering system. Users should know that the Silver plan does not come with support features. Why would anyone deposit $100 and not get any support?
As we mentioned above, the Silver account holder does not get support. The problem is that the whole platform is not able to produce desirable communication systems. A good platform should offer live chat support to its members. On landing on their contact page, the vendor has a message board and phone numbers. Once you call the numbers, don’t expect to get a response from the other side. It seems the number is ever busy as we tried calling it several times.
When it comes to the available payment options, the vendor has this well-covered. Some of the depository options listed include American Express, Maestro, Skrill, and PayPal. With PayPal, members have a small chance of recovering their funds. The vendors can make a call to PayPal and issue a dispute. One of the biggest problems with unregulated platforms is that there are no money-back features. Users will find it hard, even with PayPal, to get their refund back.
Without credible results posted on third party platforms, there is no way or proving the accuracy levels. The vendor is not on FX Blue or myfxbook register, which tells a lot about the credibility of results. Without a third party verifying the results, all these are simulations. No client has come out with proof or making a profit with the indicators. And this is another reason to stay away from the platform. The vendor is not anywhere near perfect and should be shut down.
It is clear without a doubt that Alertel Systems is a scam.
We won’t recommend a platform that uses excessive accuracy levels. There is no evidence to suggest that the indicator delivers on its promise of making real returns.
We wish all traders a prosperous trading period with recommended products.
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