Altcon Traders (altcon-traders.net) has been flagged by ASIC (Australia) for "Unlicensed". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: altcon-traders.net.
The platform itself is okay, but the customer service at Altcon Traders (altcon-traders.net) is truly awful. I waited weeks for a response to a simple inquiry. When they did respond, it felt like a generic template that did not address my specific issue at all.
Pros: Clear documentation|Reliable uptime
Cons: Mobile app could be improved|No fractional shares
Where do I even begin with Altcon Traders (altcon-traders.net)? since last summer of broken promises, unanswered tickets, and a platform that feels like it was built in 2010. They spend more on marketing than on actually improving their service. Stay away from this company.
Pros: Fast execution|Automated trading options|Intuitive for beginners
Cons: Limited demo account features|Help articles are sometimes vague
I had a dispute with Altcon Traders (altcon-traders.net) 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: High security standards|Fast deposits
Cons: Limited demo account features
After spending since mid-2025 trying to make Altcon Traders (altcon-traders.net) work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: High security standards|Professional team
Cons: Website design could be more modern|None so far
KYC with Altcon Traders (altcon-traders.net) is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: Responsive team|Instant funding
Cons: Some tools only available on higher tiers
Do not believe the bonus offer from Altcon Traders (altcon-traders.net). The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited from a blog post comparing services and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Smooth onboarding|Good mobile app|Wide product range
Cons: Onboarding videos are outdated
I have been trying to close my account with Altcon Traders (altcon-traders.net) for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Responsive team|Quick verification|Smooth onboarding
Cons: Search feature is basic
I joined Altcon Traders (altcon-traders.net) while looking for alternatives to my previous provider and from the start, things felt off. The signup process collected far more personal information than necessary, the verification took unreasonably long, and when I finally got access, the platform was nothing like what was advertised.
Pros: Comprehensive tools|Easy withdrawals|Multiple order types|Detailed reporting
Cons: Limited cryptocurrency options
After for a couple of months now with Altcon Traders (altcon-traders.net) I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Market news feed|Multi-currency support
Cons: Search feature is basic|Limited demo account features
I closed a profitable position at Altcon Traders (altcon-traders.net) and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: Segregated accounts|No hidden fees|Stable platform
Cons: Nothing significant