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.
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. Altcon Traders (altcon-traders.net) recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Multi-device support|Good analytical tools
Cons: Nothing significant|Limited demo account features
If you are reading this considering Altcon Traders (altcon-traders.net) - run. I wish I had read more negative reviews from a review site like this one. I thought the positive ones were real. Maybe some are. My experience over for about ten months has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: API access|Two-factor authentication|Customizable dashboard
Cons: Slow to add new assets|Account statements could be more detailed
I requested my data from Altcon Traders (altcon-traders.net) 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: Fast support response|Dividend tracking
Cons: Website design could be more modern
Altcon Traders (altcon-traders.net) advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: High security standards|Quick verification|Comprehensive tools
Cons: Limited cryptocurrency options