Alliance Capital Forex Broker - Complete Information Guide

1. Broker Overview

　　Alliance Capital, established in May 2019, is an offshore and unlicensed CFD broker that has gained attention in the trading community. The broker was previously headquartered at Suite 305, Griffith Corporate Centre, 1510 Beachmont, Kingstown, Saint Vincent and the Grenadines. However, it has been reported that Alliance Capital is no longer in business.

　　This broker primarily targeted retail traders and investors, providing a web-based CFD trading platform known as "Status," which was designed to be user-friendly and straightforward. Additionally, traders could access the widely recognized MetaTrader 4 (MT4) desktop platform, along with mobile applications for both Android and iOS devices. The broker offered a diverse range of underlying assets for trading, including major and minor forex pairs, cryptocurrencies, metals, commodities, indices, and world shares.

　　Despite its initial launch, Alliance Capital's operations have faced scrutiny due to its lack of regulatory oversight. It was officially owned by White Rock Partners Ltd., but the absence of a valid license raised concerns about its legitimacy in the financial market. The broker's business model focused on retail forex trading, providing access to various financial instruments, but without the necessary regulatory framework to protect its clients.

2. Regulatory and Compliance Information

　　Alliance Capital is not a licensed broker and does not operate under the supervision of any major financial regulatory authorities. Notable regulatory bodies, such as the Financial Conduct Authority (FCA) in the UK or the Australian Securities and Investments Commission (ASIC), have no record of overseeing Alliance Capital's activities. This lack of regulation is a significant red flag for potential investors.

　　The broker's website did not provide any regulatory numbers or information regarding the validity of its licenses. Additionally, there are no indications of compliance with client fund segregation policies, which are crucial for safeguarding investor assets. There is also no participation in any investor compensation schemes, which typically provide a safety net for clients in case of broker insolvency.

　　The absence of Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures further exacerbates the risks associated with trading through Alliance Capital. Without these essential protocols, clients' identities and funds may not be adequately protected.

3. Trading Products and Services

　　Alliance Capital offered a wide array of trading products, catering to different asset classes. The broker provided access to numerous forex currency pairs, including both major and minor pairs. Additionally, it offered Contracts for Difference (CFDs) on various asset categories, such as indices, commodities, stocks, and cryptocurrencies.

　　The broker's product offerings included:

• Forex Trading: A range of currency pairs for trading, including major, minor, and exotic pairs.
• CFD Products: Access to indices, commodities, shares, and cryptocurrencies, allowing traders to speculate on price movements without owning the underlying assets.
• Special Products: Although specific unique products were not highlighted, the diversity in asset classes indicated a broad trading capability.

　　However, the frequency of updates to the product range and the addition of new trading instruments were not disclosed, leaving potential clients in the dark about the broker's adaptability to changing market conditions.

4. Trading Platforms and Technology

　　Alliance Capital provided its users with various trading platforms to facilitate their trading activities. The primary platforms included:

• MetaTrader 4 (MT4): A widely used trading platform that supports algorithmic trading and offers advanced charting capabilities.
• Web-Based Trading Platform: Known as "Status," this platform was designed for ease of use, allowing traders to access their accounts from any browser without the need for software installation.
• Mobile Applications: Available for both Android and iOS devices, enabling traders to manage their accounts and execute trades on the go.

　　The broker's execution model was not explicitly detailed, leading to uncertainty regarding whether it operated as an ECN (Electronic Communication Network), STP (Straight Through Processing), or Market Maker. Furthermore, the server locations and technical infrastructure supporting the trading operations were not disclosed, raising questions about the reliability and speed of trade execution.

　　API access and automated trading support were also not mentioned, which could limit the capabilities of algorithmic traders seeking to implement their strategies.

5. Account Types and Trading Conditions

　　Alliance Capital offered a standard account type with the following trading conditions:

• Minimum Deposit: The minimum deposit requirement for opening a trading account was set at $250.
• Spreads: The broker's spreads were reported to be around $80 for certain asset classes, particularly for Bitcoin trading.
• Leverage: The leverage offered varied by asset, with a maximum of 1:1 margin rate on Bitcoin.
• Minimum Trade Size: Specific details regarding the minimum trade size were not provided, leaving traders uncertain about the execution of smaller trades.
• Overnight Fees: The policies regarding overnight fees were also not disclosed, which is crucial for traders who hold positions beyond the daily trading session.

　　The absence of advanced account types, such as VIP or professional accounts, and special account offerings, such as Islamic accounts, limited the options available for traders with varying needs.

6. Fund Management

　　Alliance Capital supported various deposit methods for clients, although specific details regarding each method were sparse. The available deposit options included:

• Bank Transfers
• Credit Cards
• E-Wallets

　　The minimum deposit requirements varied based on the account type. However, the exact processing times for deposits and any associated fees were not clearly outlined, leading to potential confusion for clients.

　　Withdrawal methods were similarly limited in detail, and clients faced challenges with withdrawal requests, which reportedly included excessive fees or delays. The lack of transparency regarding withdrawal processing times and fee structures raised significant concerns about the broker's reliability and client trust.

7. Customer Support and Educational Resources

　　Alliance Capital provided customer support through various channels, including:

• Email
• Online Chat
• Contact Form on the Website

　　However, there was no mention of telephone support, which could be a drawback for clients seeking immediate assistance. The service hours and timezone coverage were also not specified, potentially leading to delays in support for clients in different regions.

　　The broker reportedly offered multilingual support, although specific languages were not listed. Educational resources included webinars, tutorials, and market analysis services, but the depth and quality of these resources were not detailed.

　　Traders could access market analysis services, including daily analysis, news, and research reports, which are essential for informed trading decisions.

8. Regional Coverage and Restrictions

　　Alliance Capital primarily targeted clients in various regions, although specific details regarding its service markets were not provided. The broker's operations were reported to be based in Saint Vincent and the Grenadines, which is a common offshore location for many unregulated brokers.

　　However, the broker did not accept clients from certain countries, although the specific list of restricted countries was not disclosed. This lack of clarity could pose challenges for potential clients trying to determine their eligibility to trade with Alliance Capital.

　　In summary, while Alliance Capital presented itself as a broker offering a variety of trading products and platforms, the absence of regulatory oversight, transparency in operations, and detailed information about trading conditions raised significant concerns for potential investors. The risks associated with trading through an unregulated broker should not be underestimated, and traders are advised to conduct thorough research before engaging with such platforms.