The website contains information about 120 thousand users of the brokerage firm. Its office is located in Switzerland, but this information is not confirmed by the certificate of registration of the legal entity and reporting. In addition, there is no copy of the license for financial activity, the start date and history of the project are also missing from the website.
Can you trust this company and is it risky to invest in trading with it? Our Altus Trade review will help you make an informed decision about cooperation with this broker.
How to Trade
Asset trading is combined with strategic investing on this platform. You can work on the MT5 platform and use more than 250 trading instruments. Trading conditions are as follows:
- Spreads from 0.1 pips.
- Execution up to 60 milliseconds.
- Brokerage commission 0%.
Altus Trade has developed 6 trading plans for clients. In addition, the company offers assistance in forming 5 types of investment portfolio with stable passive income of 1% per day. Something strange for a regular broker, isn’t it?
Analytics are available to clients in the form of “numerous oscillators, indicators, and other tools 24/7,” as the firm claims. However, you will only be able to access these services after registering an account.
Altus Trade Vital Info
The site owners do not disclose information about how long the project has been operating, who runs it, and what qualifications the “best financial specialists” who accompany clients have. Judging by the information provided in the “About Us” section, the firm was founded in 2015. Meanwhile, the domain was registered only in May 2024. We wonder how in such a short time the company managed to attract tens of thousands of clients, participate in logistics projects “for 18 years” and in the launch of the SpaceX satellite?
The firm positions itself as a “regulated broker with a robust insurance fund”. However, Altus Trade is not registered in Switzerland, is not included in the FINMA register, and there is no such organization at the stated address in Geneva. Besides, the “About as” section of the website states that this company is registered in Vanuatu and holds license № 111372. We requested VFSC and did not find any organization with that name. Number 111372 belongs to JD CONSULTANCY, which is engaged in administrative and support service activities.
Those who say that altustrade.finance is a scam do so unconvincingly and they are wrong. The company operates honestly despite its lousy official website. I agree, it does look lousy :) However, in fact, I earned here more than 3,600 dollars in the last month and easily withdrew the entire amount. This project is not designed for inexperienced beginners, as Altus Trade does not have a large number of services for unprepared traders. Using their analytics requires at least a little experience, but if you understand the key concepts of the market, you can easily trade on your own and make a profit just like me. I only prefer forex and I don't even consider other asset classes.
I am surprised that there are unique people who transfer money to such frankly fraudulent brokerage companies... the site is registered recently... the broker has no licenses, I will even say more - such a company is not registered anywhere... there is no legal entity... I do not know what else I can comment here... it is clear that this is a scam....
I registered an account to find out more about this strange company, since the resource owners did not deign to indicate anything clear on their site. However, I didn't see anything attractive in the personal cabinet, except for a poor web terminal and depositing via only crypto. If depositing is possible only with crypto, it means that Altus trade are scammers. The transfer of funds must be carried out not only by cryptocurrency, but also by fiat methods, and to the details of a legal entity, not an individual. I can understand the whole point of this site even on such a minor point. As a trader with 15 years of experience, I tell everyone to stay away from this place as it is a 100% guarantee that you will lose money. Why would you want to do that?!
This company is an outright scam. I registered on the platform and traded tokens here. The scammers painted a very beautiful picture of my prosperity, and now I have 18,840 USDT in my account. However, as soon as I requested to withdraw this entire amount, I was simply robbed. The manager said that due to errors in Ethereum smart contracts all my money just burned :( As it turned out - my ethers were not burned, I tracked their transactions on the blockchain - they went to someone else's wallets, as always - anonymous, but I suspect belonging to the owners of ALTUS TRADE. These scammers took my capital in such a simple way...
I invested in this company because I believed in their legend of investing in American space technology. I thought that a firm that deals with crypto, knows everyone in the crypto investment world, and deals with fiat investments in space is a serious broker. As for my cooperation with altus trade, I was in for a big disappointment. I deposited crypto coins on an investment account - and expected to receive the promised interest. But later it turned out that the emission of digital coins is uneven, and my real earnings amounted to a few dollars a month from such investments, and this even though my risks were not comparable to the income. Sorry, but when I invested in this company more than 15 thousand dollars, and at a reduced price of digital coin Litecoin, I was clearly not expecting to receive 2-3 dollars a month!!! This is despite the fact that the price of LTC continues to steadily decline. As a result, I received no profit from either the activity or the value of this company. Moreover, there are constant glitches with dividend payments and LTC buying and selling in alttrade, and when I decided to sell all LTC, I was very disappointed. Nobody wants them - at the market price. Nobody buys them on this platform. Everyone knows that this is a scam, but for some reason, regulators do not block the scammers' site. The result of my cooperation for 2 months: net profit - 0: net loss - more than 7,800 dollars. And after all this, someone is going to prove to me that it's not a scam!?
This site does not inspire confidence in me. I can see that it is made sloppily, but scammers hardly plan to fix it, as altustrade.finance is a one-page resource that can be created in a couple of minutes. It is unlikely that someone competent invested some effort and time in the development of this one-day resource. In addition, the domain is registered only a couple of months ago. The working term of this scam-project is very short. The pseudo-trading platform does not even provide registration documents on the site. Altus trade does not have a license, which they write about in every sentence. I will not comment on this, but I will only add that every forex broker is obliged to obtain a work permit from the regulators of the country where its clients reside. All this together tells us about a non-existent company. In other words, the firm is not legally registered anywhere. Altus trade broker has no legal entity. The activity is 100% illegal and fraudulent.