Alpha Paints has been flagged by Financial Regulatory Authority for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
If you are reading this considering Alpha Paints - run. I wish I had read more negative reviews based on a colleague's recommendation. I thought the positive ones were real. Maybe some are. My experience over for a couple of months now has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Two-factor authentication|Dividend tracking|Quick verification
Cons: No crypto staking
Tried to withdraw my funds from Alpha Paints and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.
Cons: Lost entire investment|Reported to authorities|Unresponsive
Do not be fooled by the professional-looking website. Behind the scenes, Alpha Paints is disorganized and incompetent. I found them through my accountant's suggestion and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Intuitive for beginners|No hidden fees
Cons: Help articles are sometimes vague
The mobile app from Alpha Paints is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Detailed reporting|Clear documentation|Easy to use platform|Fast execution
Cons: Limited cryptocurrency options|Spreads widen during volatile periods
My withdrawal from Alpha Paints was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. for over three years of being strung along.
Pros: Market news feed|Economic calendar
Cons: No phone support on weekends|No integrated tax optimization
The so-called education at Alpha Paints is just marketing. Every webinar ends with a push to deposit more. The market analysis is generic and often wrong. If you want real education go elsewhere. I wasted for the past six months thinking they would help me learn.
Pros: Competitive fees|Risk management tools|Copy trading available
Cons: Some tools only available on higher tiers|Live chat only during business hours
Alpha Paints offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Customizable dashboard|Helpful community forum|Excellent charting|Segregated accounts
Cons: Nothing significant
The reporting at Alpha Paints is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Segregated accounts|Good mobile app|Real-time alerts
Cons: Withdrawal takes 1-2 business days
I found this company through a friend who recommended it. Before investing, I checked various regulatory databases and found that Alpha Paints has been flagged as an unauthorized entity. I informed my friend immediately. Please always verify with official sources - a quick search could save you thousands.
Pros: Website looks legitimate on the surface
Cons: Listed in warning databases|No transparency|Pressure to invest quickly
I want to warn everyone about Alpha Paints. They have been flagged by Financial Regulatory Authority as an unauthorized entity. I wish I had checked before investing. They use high-pressure sales tactics and fake testimonials. Once you send money, getting it back is nearly impossible.
Pros: Initially responsive customer service
Cons: Blocked my account|No legitimate license|Fake returns