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Market Alliance Broker Review

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Market Alliance Review 1

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Alliance market ltd, possible scammers

Hello. In December, 2022, I was contacted by a person via a social media (Instagram), who pretends to be a professional Forex trader using the binary options. She said that I have to open an account on the following platform: Alliancemarketltd.com, which I did after her push. She also said, all I have to do is to buy an investment plan which costs $300 and it would be usable during 5 days. I was skeptic at the beginning but after a few days, I said why not and I bought this investment plan. She asked me to give me my e-mail to her so she can put in her software in order to star the trading. After a few days, I have checked my Alliance market account and yes, indeed, the profit appeared on my account. The final profit was exactly $10635. When it comes for the withdrawal, I was asking to pay a fee for $500 called ''withdrawal fee''. This fee is also listed on their website. I paid this amount of money, and I have received the confirmation via e-mail that my withdrawal request of $10635 have approved and funds have been sent to my selected account. After that, I have received another e-mail which said that my withdrawal has been successfully approved and it will reflect in my bank account in 24 hours. After a few hours after this e-mail which confirms that the money will reflect in my bank account, I have received another e-mail where it says that a one time processing fee is needed to process my payment immediately. They were requesting me to pay another $500 and it was said that after this payment, I will receive the amount of $10635 in less than 10 minutes. Well, I did not pay it due to my ''red flag'' because it could be possible to lose another $500 for these scammers. I would appreciate if you can check this broker called ''Alliancemarketltd.com''. Are they scammers indeed or not? I have also contacted their support on Whatsapp and this guys asked to buy this final amount of $500 into a Bitcoin address provided by him. He said that this address is an ''international charges''. If they are scammers indeed, I would like to make sure that they have been exposed. Alliance market ltd or you can access by using: Alliancemarketltd.com. 

cL1kz0r
2023-01-08

  

Market Alliance 2025 Review: Everything You Need to Know

  Summary: The overall evaluation of Market Alliance is predominantly negative, with multiple sources indicating that it operates as an unregulated offshore broker. Users report significant difficulties in withdrawing funds, and the broker is associated with numerous complaints and unfavorable reviews. Notably, concerns regarding the legitimacy of its operations and the safety of user funds are prevalent.

  Note: It is essential to recognize that the presence of different entities operating under similar names in various jurisdictions may contribute to the complexity of assessing Market Alliance. This review aims to provide a fair and accurate assessment based on available information.

  

Ratings Overview

Category Rating (out of 10)
Account Conditions 2
Tools and Resources 3
Customer Service and Support 1
Trading Setup (Experience) 2
Trustworthiness 1
User Experience 2

  We evaluate brokers based on extensive research, user feedback, and expert analysis.

  

Broker Overview

  Market Alliance is purportedly an online trading platform that claims to offer a range of investment opportunities, particularly in the cryptocurrency space. However, it lacks regulation from any recognized financial authority, which raises significant red flags regarding its legitimacy. The broker operates predominantly through its website, but it provides little to no information about its staff or operational transparency. Users have noted that the platform does not utilize well-known trading software like MT4 or MT5, which is common among reputable brokers.

  Market Alliance offers various asset classes, but the specifics are vague due to the lack of transparency. The absence of regulatory oversight, particularly from top-tier authorities such as the FCA or ASIC, further complicates its credibility.

  

Detailed Section

  

Regulatory Status

  Market Alliance operates as an unregulated broker, which is a significant concern for potential investors. It does not fall under the jurisdiction of any reputable regulatory body, making it difficult for traders to seek recourse in case of disputes or issues. According to multiple sources, this lack of regulation is a primary reason for the negative perception surrounding the broker.

  

Deposit/Withdrawal Options

  The broker accepts deposits primarily in fiat currencies, but specifics about withdrawal methods are unclear. Users have reported that they face significant challenges when attempting to withdraw funds, often encountering delays and obstacles that prevent access to their money.

  

Minimum Deposit

  While specific figures regarding the minimum deposit requirement are not consistently mentioned across sources, it is generally understood that unregulated brokers often require lower initial investments to attract customers. However, this can be misleading, as it may lead to significant risks when attempting to withdraw funds later.

  

Bonuses/Promotions

  Market Alliance appears to offer bonuses and promotions; however, these are often tied to stringent withdrawal conditions that can trap users into losing their initial investments. Reports indicate that these promotions may serve as a tactic to encourage further deposits rather than genuine incentives.

  

Asset Classes

  Market Alliance claims to provide access to a variety of trading assets, including cryptocurrencies. However, the actual offerings are not clearly defined, and the lack of transparency raises concerns about the legitimacy of these claims.

  

Costs (Spreads, Fees, Commissions)

  There is little information available regarding the spreads, fees, and commissions associated with trading on Market Alliance. However, the general consensus is that unregulated brokers often impose hidden fees that can significantly impact trading profitability.

  

Leverage

  Information on leverage options is scarce, but it is common for unregulated brokers to offer high leverage ratios, which can be enticing but also increase the risk of substantial losses.

  

Allowed Trading Platforms

  Market Alliance does not appear to support well-known trading platforms such as MT4 or MT5, which is unusual for brokers in the forex and cryptocurrency markets. This lack of a reputable trading platform is a significant drawback for experienced traders.

  

Restricted Regions

  Market Alliance operates without clear geographical restrictions, which can be a double-edged sword. While it may attract a global audience, it also raises concerns about the broker's legitimacy and the safety of funds for traders from countries with stringent regulations.

  

Available Customer Service Languages

  The customer service options for Market Alliance are limited, with many users reporting difficulties in reaching support. The lack of responsive customer service is a critical factor contributing to the negative user experience.

  

Ratings Revisited

Category Rating (out of 10) Detailed Explanation
Account Conditions 2 Unregulated, unclear terms.
Tools and Resources 3 Lack of reputable trading platforms.
Customer Service and Support 1 Reports of poor communication and support.
Trading Setup (Experience) 2 Difficulties in executing trades and withdrawing funds.
Trustworthiness 1 Numerous complaints and lack of regulation.
User Experience 2 Overall negative feedback from users.

  

Detailed Breakdown

  • Account Conditions: Market Alliance is unregulated, leading to significant risk for traders. Users have reported issues with account management and withdrawal processes.
  • Tools and Resources: The absence of well-known trading platforms like MT4 or MT5 limits traders' options and tools for effective trading.
  • Customer Service and Support: User feedback indicates a lack of responsive customer service, leading to frustration among traders attempting to resolve issues.
  • Trading Setup (Experience): Many users report difficulties in executing trades and withdrawing funds, with some stating that they were unable to access their money after multiple attempts.
  • Trustworthiness: The lack of regulatory oversight and the numerous complaints against Market Alliance raise serious concerns about its legitimacy.
  • User Experience: Overall, the user experience is marred by negative reviews and reports of scams, making it a broker that potential investors should approach with caution.
  •   In conclusion, the Market Alliance review highlights significant concerns regarding the broker's legitimacy and reliability. The lack of regulation, poor customer service, and negative user experiences suggest that traders should exercise extreme caution and consider alternative, regulated brokers for their trading needs.

Market Alliance review