The company running the site is positioning itself as a Canadian advanced platform with “next-generation technology” for cryptocurrency trading. Note that the firm promises clients “access to deep liquidity” and guarantees to “execute trades at the best price”. Meanwhile, we didn’t see a single license from the IIROC commission, which regulates Canadian financial institutions.
Is this a reliable service or a potential risk for your capital? In our Alt 5 review, we will analyze the legitimacy and offerings of this crypto broker.
How to Trade
The intermediary offers clients two electronic OTC trading platforms: ALT5 Pay and ALT5 Prime. They allow traders to buy and sell crypto assets for fiat. The main features of the project:
- ALT5 Pay is a service for merchants accepting payments in crypto.
- ALT5 Prime is a solution for traders and investors to trade and store digital assets.
- The company’s shares trade on the exchange under the ticker “ALTS”.
The firm does not offer margin trading or credit lines. Commissions, spreads, and other trading parameters are not listed on the website.
Visa and Mastercard are directly linked to the user’s account balance. News and training materials are available on the website.
Alt 5 Vital Info
The company does not tell the facts of its history in the “About Us” section. Despite this, we found a lot of information in 5 social media accounts, direct links to which are published on the site. According to these publications, the brand was registered in 2018. As for the domain, it was created in 2017, but the first snapshots in the web archive appeared in July 2018. Thus, the organization has been working with clients for more than 6 years.
The intermediary claims that the site belongs to ALT 5 Sigma Canada Inc. Although we didn’t see the address of this crypto company in the Contact Us section, we did find this brand in the Canadian registry. It is worth noting that IIROC, which regulates Canadian financial institutions, knows nothing about this organization, as our search in the registry did not yield any results. Presumably, the broker provides services to clients without a license.
This project is a disaster. I invested $3,700, planned to buy ADA and a couple of small altcoins, but suddenly my account stopped working, alt5sigma.com became inaccessible. This is not a business, it's just plain theft!
I have been using this company since the beginning of my crypto trading career and I am very satisfied. My colleague recommended this company to me as a great place for beginner traders and Alt 5 turned out to be that. There is a convenient platform and a lot of tutorials to help you learn the basics of trading and develop your own strategy. I have not had a single complaint about the trading conditions or the support team during my entire time with them. And that is why I recommend this company to my friends who would also like to start trading and earning money. I would like to note that withdrawal of funds takes a bit longer at Alt 5, sometimes more than three days.
After thoroughly analyzing the cryptocurrency market, I decided to invest $76k in Alt 5. However, despite all my calculations and assumptions, this firm turned out to be nothing but a scam and scammers just stole my investment!!!! They assured that there was a complete system crash, although this is just a proof that there is no reliability in the world of cryptocurrencies. Years of my analyses and work turned out to be meaningless...
This is a pretty big crypto site, and the quality of service here is excellent. There is a small entry threshold, you can try trading small amounts at Alt 5. I do not agree with the negative reviews. Yes, this crypto resource does not have the softest commission policy, but it works honestly with clients. I have not noticed any fraud or fake trades on the part of this company! The platform is high quality, works according to the terms, although there are failures, but rarely. There are no problems with quotes, execution is mostly fast, sometimes there are delays, but they are not critical. Withdrawal of funds takes place within a couple of days, which suits me. In general, I am satisfied with Alt 5.
I invested 22,600 euros in alt 5, attracted by the promises of the company's employees in getting rich quick. However, all my attempts to make money ended in failure here. I saw discrepancies in the displayed market data and trading results, these anomalies indicate possible manipulation of trades for unprofitable purposes, fraudulent platforms usually use such tactics. So, these are scammers who clearly manipulated trades and when I tried to dispute this, my account was blocked on alt5sigma.com and my money disappeared. This is just a robbery!!!
I decided to enter the world of cryptocurrencies through alt5sigma.com, I won't say that something surprised me here, no, I just saw guarantees in this service. I just compared the commissions among other platforms and made sure that the difference in general is minimal, but I read in some reviews that Alt 5 support works almost perfectly. I already have a lot of crypto coins in my wallet, I don't use them all of course because of their high cost, but I'm gradually increasing my crypto set. The platform is fast and quite convenient, there were no requotes or freezing for two years, so I advise you who are in doubt about choosing your first crypto project - choose this one.
I lost all the money I withdrew on this crypto platform, and of course, I didn't make anything from spot trading here. And the money, by the way, was not insignificant, several thousand ETH. At first glance, Alt 5 seemed like an ordinary company. I liked working here with small amounts. But after I funded my account with a large amount of money, my account, as I realised, was simply cleared. I can't authorise, my login or password doesn't fit, I can't restore access, and Alt 5 support service is silent, although I've already made dozens of requests, but, as I understand, they deliberately ignore me. This is a blatant scam! How can the support team ignore enquiries that are vital to traders? This is not a negligent attitude of support staff to customers, but a deliberate robbery of scammers who own this site!!!!
I can't withdraw the $2,680 I was supposed to get for my bitcoins!! I wonder who else hasn't been paid by these scammers and how they explain it? I believe this is a scam because my first two payments went through pretty quickly, but the third one has been in processing for over two weeks now and support has not responded in any way to my enquiries about it.
Hi! My opinion about this firm is 50/50, I used this service for a short time, we parted peacefully and there were no special problems. There was just a big delay in withdrawing funds, I had long requests to support, it was a lot of nerves. The feeling of guilt was mutual between me and the manager, but I was left disappointed. In the end I withdrew my money, I hold no grudge against ALT 5 service, there are problems everywhere, but I will not contact this company again, that's all. I found a decent replacement for ALT 5, so it's not the best option in the crypto market.
I know what I'm talking about, I've checked this service many times. Payouts are regularly delayed. Either they have a technical malfunction or they have some obscure reason. I have been waiting for about two weeks for the processing of my withdrawal request for 1,370 USDT, and I have never had an instant withdrawal as promised by alt 5 managers. Also, the size of the commission is unpredictable. Canadians are smart, they make their own money, but at the same time they try to empty your wallet as much as possible. Don't even think of coming in here, you will lose more here than you will earn.
I have not been able to withdraw $2,780 for a month now. Please avoid this company, it will be better for you.
I wanted to work on this crypto platform and decided to contact the managers in advance. There is little information about their activities on the website and social networks, and there are only positive reviews and testimonials about their transactions. I asked alt 5 staff to provide me with documents about the regulator, whether this financial company has an official status or to confirm the lack of one. The manager informed me that they have a license but they are not required to show anyone evidence of regulation and supervision by any recognized financial body. This omission is alarming as regulation ensures investor protection and the company's compliance with industry standards, without it users become vulnerable to fraudulent behavior. Therefore, I hesitated to provide them with the full package of documents. I decided not to contact alt 5. It is unclear to me where my personal data will end up and where I can go to protect my interests.
I think this is a very good crypto service. A lot of digital assets are available on alt5sigma.com, which is a big plus for the broker. Although the trading commissions here are a bit high in my opinion and there is no margin trading, so I can't give a maximum score of 5. However, this company has quite a lot of liquidity, even volumes of $100K can easily pass through the market, especially when it comes to bitcoin and ether. There are no withdrawal problems with ALT 5, so there is a reliable project. Of course, I keep some of my assets on the stock exchange, but I actively trade crypto on other platforms. I am satisfied with the services, but my advice to the owners of the company is to reduce commissions, at least on Bitcoin.
How does the company withdraw money? Terrible!!! I've been waiting for payment for more than three weeks already 😱
This is just a charlatan company that will not rest until they clear your wallet. ALT 5 support team is not competent, they answer messages but they write me such rubbish that they have no right to dispose of clients' assets and they don't know where the money disappeared from my wallet, 380 LTC, but they will surely figure it out.
I don't quite understand who this company is even for??!! There are a few trading pairs on alt5sigma.com, no more than a dozen crypto assets. How can you operate on such a small number of markets!!!? In addition, liquidity on these pairs is almost zero, if you can use 200-300 dollars, it will already be a feast. The scarce nft market also disappointed me.
Our cooperation was not long with this scam company. I managed to register, deposit my wallet, earn $270 and lose everything along with deposited $4,360 in just a week. I received an email saying that there was a hacker attack and I should change my password and withdraw my funds for security purposes, which I did. Withdrawal request processed on alt 5, transaction completed and the money has NOT arrived on my bank card! This is an instant fraud scheme. Now I can't even email support because there is an error that says this account is not found. I don't know where to complain about this scam, they are deceiving customers with their attractive terms and conditions.