Alphabanc (alphabanc.co.uk) has been flagged by ASIC (Australia) for "Unlicensed". Addresses: 26 City Quay Dublin Docklands Dublin D02 NY19 Ireland; 54 Lime street London EC3M 2RY United Kingdom This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: alphabanc.co.uk.
I found Alphabanc (alphabanc.co.uk) through a financial advisor and the initial impression was positive. But for close to eighteen months later, I have encountered so many issues that I cannot recommend them. Trades failing, charts not loading, and support tickets going unanswered for days at a time.
Pros: Stable platform|Transparent fees|Portfolio tracking tools|Fast deposits
Cons: Limited social trading features|Limited ETF selection
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. Alphabanc (alphabanc.co.uk) said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Transparent fees|Clear documentation|Market news feed
Cons: No fractional shares|No crypto staking
I trusted Alphabanc (alphabanc.co.uk) with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.
Pros: Instant funding|Dedicated account manager|Portfolio tracking tools|Intuitive for beginners
Cons: Limited cryptocurrency options
I signed up with Alphabanc (alphabanc.co.uk) from a review site like this one and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: Intuitive for beginners|Clear documentation
Cons: Withdrawal takes 1-2 business days|Research section could be deeper
I had a dispute with Alphabanc (alphabanc.co.uk) and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.
Pros: Good analytical tools|Stable platform
Cons: Withdrawal takes 1-2 business days|Minimum deposit could be lower
What really bothers me about Alphabanc (alphabanc.co.uk) is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them while looking for alternatives to my previous provider and I fell for the polished exterior. Never again.
Pros: API access|Excellent charting|Dividend tracking
Cons: Search feature is basic|Live chat only during business hours
I requested my data from Alphabanc (alphabanc.co.uk) under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.
Pros: Transparent fees|Stable platform
Cons: Nothing significant