Grahamalpha (Grahamalpha.com) is another deplorable Crypto Currency and Forex scam to hit the trading world. Graham Alpha is claiming to offer numerous trading assets such as Cryptos, Diverse Investment Portfolios, and others. Looking at their website, it is easy to see why most newbies have signed up without a second guess. Sadly, members are crying foul after being mistreated. Read this genuine and eye-opening GRAHAMALPHA Review and get the truth.
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What we discovered about this platform is shocking beyond worlds. It turns out Grahamalpha is another rotten platform targeting unsuspecting online investors. Due to numerous complaints, we dug a little deeper to find out what was troubling the platform. Members are complaining of taking months to get a hold of this broker. When asking for withdrawals, members claim their calls are blocked and emails not responded to. We need to get to the bottom of things with Graham Alpha.
Thanks to our years of investing and trading experience, we know how to spot a scam from a mile away. Some of these platforms have been known to clone trading websites and entice newbie traders. With over the moon claims and promises, traders open accounts without realizing the truth behind the platform. Our investigation will reveal some of the tricks used in this online trading scam platform. Stay away from Grahamalpha or else become their next victim.
Disclaimer at the left hand side of their footer claims Grahamalpha is owned by EZ2GO Ltd. What they state is that the company is based in Sofia, Bulgaria. Note that scam artists will do or say anything to ensure their platforms get recognized in Europe. In most cases scam artists will use a location based in Europe when targeting investors from this region. Graham Alpha is no different as they are specifically targeting investors in Europe. So how do we expose their scam tricks?
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Anonymity is a major pain in the neck and scam artists use it to their advantage. Grahamalpha is an anonymous website with no actual names listed on their website. No one knows the actual owners of this website. Can we get the names of brokers associated with this platform? Why have these scam artists failed to give one actual name? It is simple, they are afraid of the backlash they would get from authorities and victims. Anonymity is the first red flag we spotted with this platform.
As we say in most of our reviews, scam artists will do or say anything to ensure their platforms get recognized. Grahamalpha is no different as they have posted a fake registration number at the footer of their homepage. Reg No: 205472108 is simply a random number meant to show legitimacy. To find out the real license status of this platform, we reached out to various regulatory bodies. One of the first bodies we contacted was the Bulgarian Financial Supervision Commission (BFSC).
Remember the BFSC is the body tasked with regulating any platform in the country. Since the platform claims to be based in Sofia, they should be licensed by this platform. Records show no such platform has been licensed or regulated. Other bodies with same answers include ASIC, CONSOB, CySEC, FCA, and NFA. Make sure to check whether a broker is licensed by official bodies before signing up.
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How can there be an advantage of dealing with a platform with only negative feedback? With a platform which uses fake registration numbers, it is clear they are a scam. Dealing with any platform which shares similar characteristics will simply make your day miserable. Stay away from this platform as we could not come up with any advantage of associating with them. Graham Alpha is simply looking for unsuspecting investors to trap in their scandalous online platform.
Grahamalpha is furnishing users with three different account types to choose from. Accounts are listed as Bronze, Silver, and Gold. We immediately noticed an anomaly as these accounts come with a welcome bonus. Scam artists have been using welcome bonuses as a way to entice users to sign up. The higher the welcome bonus, the more money an investor is willing to deposit. Remember, once you deposit with this platform, it is the last you will hear of it. Stay away from this illicit platform.
Another disturbing feature with Graham alpha is their Activ8 platform which lacks proper security features. Complaints of having an unstable platform can be seen with most members annoyed. What seems to be a proper trading platform has issues with slow execution speeds. Another scary factor to note is their platform lacks proper security features such as DDoS Protection. Unstable platforms are a hacker’s next ticket meal as they are able to steal credit card information with ease.
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Another problem with this platform is lack of a demo account, why don’t they have one? A demo account gives investors a feel of what to expect with a trading platform. Some of these platforms need to be tested before committing yourself to them. Without a valid demo account, users are signing in blindly. It is music to scammer’s ears knowing too well they have an unstable platform. Ensure you check whether a platform offers a demo account before signing up with them.
Another huge problem with this platform is having no live chat support on their website. You would expect with today’s modern technology, a platform to have live chat support. Emails are not the best to use as scam artists may decide never to respond. Phone calls are also not advisable as these scam artists will harass you asking for more deposits with each call. It is wise to make sure you invest with a broker who is available at all times. Ensure you test the communication procedure with any broker before signing up.
Grahamalpha is never going to properly secure your funds as they are not real brokers. Segregation of accounts is also a major problem as these scam artists are pooling funds in one account. Compensation is also out of the question as the platform does not insure funds as dictated by law. Make sure to stay away from any of their promotional materials to avoid being a target.
Evidence clearly points to this platform being a lousy scam. Stay away this illicit website as it is clear Graham alpha is a major scam. Mark all their emails as spam and never click on any links sent by their email marketing team.
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We will be adding this platform to ensure our readers know what to expect. Warn your family and friends from joining any of their affiliate programs.
Wishing all investors a happy and prosperous trading period.
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