Altistrade has been flagged by Financial Markets Authority for "Unregistered/Unlicensed entity offering financial products or services|Fraud ...". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
The platform at Altistrade is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After for over a year of dealing with this, I have had enough.
Pros: Wide product range|Economic calendar|Educational resources
Cons: Search feature is basic
Do not use Altistrade for anything serious. I used them since the beginning of the year for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Competitive fees|Good mobile app
Cons: Desktop app not available on Linux
Altistrade seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.
Pros: Fast support response|Economic calendar
Cons: Limited ETF selection|Onboarding videos are outdated
The spread at Altistrade is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after comparing multiple platforms and initially thought the platform was good - until I started trading seriously.
Pros: Market news feed|Economic calendar|Multiple order types
Cons: Limited cryptocurrency options
Several red flags with Altistrade: (1) They promise unrealistically high returns, (2) They're not registered with Financial Markets Authority, (3) Their contact information is vague, (4) They pressure you to deposit quickly. I recommend everyone do thorough due diligence before investing with any company.
Cons: Not registered with regulators|Unrealistic promises
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. Altistrade recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Good analytical tools|Low minimum deposit|Full transparency|Comprehensive tools
Cons: Limited demo account features
I requested my data from Altistrade 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: Easy to use platform|Economic calendar|Fast support response|High security standards
Cons: Minor UI glitches occasionally|Mobile app could be improved
Tried to withdraw my funds from Altistrade 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.
Pros: Professional looking website
Cons: Lost entire investment|Reported to authorities|Unresponsive
Opened my account with Altistrade through word of mouth in my investment club and regretted it within the first month. The platform crashed during a critical moment, I lost potential gains, and support basically told me it was not their problem. Absolutely unacceptable behavior.
Pros: Multiple order types|Market news feed|Multi-device support|Clean UI
Cons: Minor UI glitches occasionally
Altistrade locked my account without warning and demanded documents I had already submitted. for a couple of months now later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Demo account available|Easy to use platform
Cons: Live chat only during business hours|Limited demo account features