The project’s creators call themselves “architects of a new era” and promise potential clients “breaking the chains of economic slavery.” In addition, they claim to be headquartered in Switzerland and serve traders in 60 countries. However, no documents on the website confirm that the legal entity is registered and has a license.
Is this trading platform known worldwide “for its impeccable reputation” and “the best choice in the industry” as its owners claim? Read our Altreserve review and you will find out how reliable this broker is.
How to Trade
The intermediary provides access to 6 asset classes, including Forex/CFD. You can start trading by choosing a tariff from 5 options. The firm guarantees the following options:
- Below Market Value Contracts (BMV).
- Savings Plan.
- Automated trading.
- Managed account.
Trading conditions provide leverage from 1:2 to 1:50, commissions 2.3-5%, spreads from 0 to 0.2%. Payment is possible via bank accounts, cards, or e-wallets.
Free educational content, financial consultants, and feedback form are among the project’s additional services. Analytics on the site are not available.
Altreserve Vital Info
The owners of the platform are in no hurry to call their names and reveal the history of the company. Meanwhile, we found one date – 2020, indicated in the footer of the site. However, how can the intermediary confirm this date of its work? Note that the domain is registered only in April 2024. Besides, the company does not provide screenshots of registration certificates and other legal documents.
We checked how the brokerage activities of this organization are regulated. Since there is an office address in Switzerland, we checked the register of legal entities of this country and the list of companies on the official website of the Swiss Financial Commission. Unfortunately, Altreserve is not registered in any jurisdiction and it is absent in the FINMA register. It turns out that this broker works illegally, without a license.
I traded under the guidance of an analyst. He and I successfully spent almost all of my deposit in 2 weeks. He offered me to deposit another $3k under the pretext of possible insurance reimbursement, but it didn't help😢 Don't believe them, it's a scam!
I traded successfully and made 4,300 euros on my 10k deposit. However, while the money was accumulating in my account - everything was fine, but as soon as I decided to withdraw the money, errors suddenly appeared on the site, and in a couple of minutes my balance burned to zero!!!
I lost a lot, more than 35 thousand dollars. My manager helped me empty my account on questionable contracts. I am seeking help from Swiss regulators, but without success, and altreserve employees have stopped responding to my inquiries.
The terminal is convenient there, the broker offers many tariffs, and although the entry threshold is too high for novice traders, but quite suitable for professionals. However, the lack of binary options on altreserve.net saddens me. I understand that it is risky, but I can't call this service customer-oriented. The support service is fast and the operators answer questions competently. Automated trading and managed account have proven to be useful options, but I wish for even more opportunities to make money quickly. I'm used to working in the here-and-now, and I don't always have time to follow the slow growth of stocks and cryptocurrencies. I recommend Altreserve to anyone looking for a legitimate and stable approach to trading.
Withdrawal of funds does not work here! I have been waiting for money to arrive on my e-wallet for a week already, although the manager promised that all transactions are much faster. I have suspicions that this is a scam. I will note that trading was going well, but something happened on the platform at the time of ordering a withdrawal...
I had no idea that I would become an investor and a successful trader. It all started with the unexpected news of a share in an inheritance left by my uncle. He left a will in which, in addition to the old house I was planning to sell, I also received shares worth a couple hundred thousand dollars. This was a great opportunity to make a change in my life and explore a new investment topic. I decided to contact Altreserve after weeks of researching and searching for information on my own. My choice turned out to be the right one. The staff showed a high level of professionalism and were extremely supportive. They helped me understand the basics of trading and offered me some promising strategies and account management services. Thanks to their recommendations and constant support, I gradually started to feel confident in the world of finance and investments. Of course, I encountered minor difficulties as well. There were moments when some of my trades did not bring the expected income, but thanks to the competent advice of Altreserve specialists I was able to learn from these situations and adjust my trading strategies. I can confidently say that thanks to this broker I have not only saved but also significantly increased my initial capital. It was a fascinating and useful opportunity that helped me not only to improve my financial situation, but also to discover a new and interesting way of earning money from trading!!!!
I've had a little experience with Altreserve and I haven't seen anything particularly good. The terminal is primitive, everything is inconvenient, the terms of trading involve large commissions. Not every trader will be able to understand the outdated program - not every user can have so much patience. Conclusion: there are other options to enter the stock market more convenient than through CFDs, for example, through ETF-funds. In terms of commissions, it will be more favorable. And in terms of risk with the deposit amount, which is extremely high on altreserve.net, I also don't see the point of depositing several thousand dollars into a brokerage account for margin trading, if you can open trades within risk management at another broker offering leverage of 1:1000 and deposit from 100 USD.
I live in the UK and after Brexit I prefer to trade with brokers from Switzerland. So I registered and opened an account on the Altreserve platform. I have not regretted it, although I had to go through a serious verification procedure. I found here excellent customer service, tight spreads, and fast order execution. I am 100% satisfied with this resource :) I can confidently say that of all the brokers I have dealt with in the last 5 years, Altreserve is the best, and even of the brokers I have ever worked with, I can't remember more advanced services. There is a very fast and efficient service here, all the support staff are professional. I will note the fast withdrawal of profits. Earlier, in another company, when I withdrew to Neteller, the money came to the account within two or three days, but here the requests are processed very quickly, the first time the money even came to the Neteller account within one hour. This is cool! Great broker, I give it five stars :) I have no hesitation in recommending altreserve.net to anyone who wants to trade with a serious company.
I think they are scammers! They talked me into depositing 20,000 USDT but all my deals are trading in the red no matter what I do. There are probably no other options here!!! I urge you not to repeat my mistakes.
I do not recommend working with this fraudulent company. I saw altreserve.net on the Internet and thought that traders can get good trading conditions and earn a decent income here. However, I met with fraud right after I registered a trading account and tried to deposit it. The money left my bank card but never got to my altreserve trading account. I tried to find out what happened to the transaction, but my calls to customer support were not successful. The chat did not respond to my requests, the same was with the phones, which were not answered. In general, I lost my money immediately, without a single trade... I hope that my review will help those who are still thinking about whether to work here. Don't take any risks!
I believe that the broker promptly performs the withdrawal of profit and deposit, provided that the trader has successfully passed verification. However, you should consider some aspects of this trading platform. Slippages occur on it from time to time, and I have observed cases of the program freezing. I had doubts about starting trading with altreserve. I still have them now. I decided to cooperate, to be honest, with some trepidation. However, I don't have any major complaints, except that I am alarmed by the fact that the managers are constantly trying to persuade me to deposit up to €50k. Although I have a positive attitude to the trading process on altreserve.net, and several withdrawals have been successful, depositing is not in my plans yet. I trade with a minimum deposit and I am not satisfied with everything on this platform. In general, despite the mentioned shortcomings, the broker has every reason to improve its platform and then it can claim a higher rating.
I do not recommend you contact this firm! And if you have already contacted it, then I sympathize with you, because pending orders disappear here. This is a situation when you made a pending order, and when the right price came, the order disappeared - it is simply not anywhere - neither in open orders (as if the price did not reach a little bit), nor in closed orders. I contacted ALTRESERVE tech support and they demanded screenshots! However, I don't have to take screenshots for every price movement! Also, the analytics can be different here for the same instrument, with completely opposite indicators. There were many more different problems, but I won't describe anything else. I will only say that while you make a deposit, ALTRESERVE managers will communicate with you very kindly on the question: when and how much you will deposit?! Everything here is built on swindling your money!