ALTRADE LTD

ALTRADE LTD is a private limited company registered in England and Wales, with its registered office at Office 1276, 51 Burnham Road, Coventry, United Kingdom (CV3 4BU). The company was incorporated on 8 April 2021 according to Companies House records, although FXCanary's database indicates a foundation date of 26 April 2023.

The broker operates the website altrade-ltd.com and presents itself as a trading platform. It offers a single account type, ALTRADELTD, with a maximum leverage of 1:400, a feature commonly associated with retail forex and CFD brokers.

No information is available on the specific instruments offered, trading platforms, or funding methods. The website is minimal, consisting of a sign-up and sign-in portal for members.

ALTRADE LTD does not hold any known financial regulatory licence. The company is registered as a private limited company at Companies House, but this is not a form of financial regulation. Traders should note that unregulated brokers carry higher risk, as there is no oversight from a regulatory authority.

FXCanary's proprietary Scam Risk Score for ALTRADE LTD is 49 out of 100, placing it in the 'Guarded' category. This reflects the absence of regulation and limited publicly available information about the broker's operations.

Given the lack of regulatory oversight, traders should exercise caution and consider the potential risks of trading with an unregulated entity.

The broker offers one account type: ALTRADELTD. This account comes with a maximum leverage of 1:400, which is relatively high and can amplify both gains and losses. No minimum deposit is specified, suggesting the account may be accessible to traders with varying capital.

Details about spreads, commissions, or other account features are not disclosed on the website. The sign-up process asks for the user's country, implying the broker may accept clients from multiple jurisdictions.

Without regulatory requirements, the terms and conditions of the account are not subject to standard protections, such as negative balance protection or segregated client funds.

ALTRADE LTD appears to target retail traders seeking high leverage, as indicated by the 1:400 offering. The international sign-up form suggests the broker is open to clients worldwide, including higher-risk jurisdictions.

The minimal website and lack of information may appeal to traders who are less concerned with regulatory safeguards or who are familiar with high-risk trading environments.

Given the absence of regulation and limited transparency, this broker is likely unsuitable for risk-averse traders or those seeking a fully regulated trading environment.