✔️ Information reviewed and updated in October 2024 by Pedro Martínez González
Are you wondering if ByAlpha company is safe to invest in? In this section, we will provide you with our detailed evaluation. Don't miss our full analysis to get all the information you need!
We analyze the website, observe every detail and examine the main characteristics that are taken into account when choosing a good platform such as the location, the company to which it belongs, its regulation, its reputation...
Below we will show you essential information about ByAlpha and we will tell you why we reached such a conclusion:
Basic Information
| ❓ Company type | platform for stocks, forex, indices, cryptocurrencies and raw materials |
| 🏠Company * | Compic Solutions LTD |
| 🕑 Website age | Website registered at: 2023-05-09 (very recent) |
| ️ Regulatory | Not mentioned |
| 📌Address | Saint Lucia |
| 📈Platform | Own platform |
| 🌐 Website | byalpha.org |
| ☎ Phone number | Does not have |
Company:
⚠️ ByAlpha belongs to Compic Solutions LTD. We believe you are trying to pass yourself off as part of this company.
Location:
⚠️ ByAlpha mention being located in Santa Lucia, a location totally NOT RECOMMENDED. If you decide to trust a company based here you have to know that your money does not have any type of protection, it is very risky, please think twice before trusting this company.
We can already tell you that we are concerned about several characteristics of this company.
What is ByAlpha?
After thoroughly examining the company's website, we can conclude that ByAlpha is, in fact, a platform for stocks, forex, indices, cryptocurrencies and commodities.
Account types
Here are the different types of ByAlpha accounts/plans:
| types of accounts | MINIMUM INITIAL DEPOSIT |
|---|---|
| Beginner | $250 |
| Standard | $2500 |
| Premium | $10,000 |
| VIP | $50,000 |
Information on the web
Here we show you a screenshot of the ByAlpha website, which is byalpha.org. The capture was made in May '2024.
Contact: phone numbers and email
After you have completed a thorough website analysis:
📞 We have found the following phone number: It does not have one.
📧 We have found the following email: [email protected].
ByAlpha Regulation
We have analyzed in depth the current ⚖️ regulatory situation ⚖️ in which this company finds itself and we have reached the following conclusion:
La omission of details about regulation of the platform raises serious doubts about its reliability. An unregulated platform exposes investors to significant risks as they lack legal protections. Before investing, it is essential to ensure that the platform is properly regulated and supervised by competent authorities.
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🚫 ByAlpha Final Rating 🚫
As you can see, we have carried out a detailed and complete analysis of the most important characteristics of ByAlpha and we have reached the following conclusions about this company:
Location: The company claims to be located in Saint Lucia, an unsafe location in terms of regulations and business transparency.
Regulatory: The absence of details about its regulation leads us to think that this company operates without being regulated. This lack of clarity generates uncertainty about its reliability and commitment to sector regulations.
Please remember that the company has been denounced by different financial regulators (in this case the CNMV, National Securities Market Commission). Use EXTREME CAUTION.
This company offers returns so high that we believe they may be false.
ByAlpha, a platform that covers a variety of financial assets, raises serious questions about its authenticity and reliability. First, its alleged affiliation with Compic Solutions LTD raises skepticism about its legitimacy, suggesting an attempt at deception by the company.
The lack of transparency regarding ByAlpha's location is also a cause for concern as it claims to be located in Saint Lucia, a location that raises questions about its regulation and business transparency. Furthermore, the lack of details about its regulation suggests that ByAlpha could be operating without being subject to any regulatory framework, increasing risks for investors. The complaint by financial regulators, such as the CNMV, adds more concern about the company's reliability.
It is also highlighted that the supposed high returns offered by ByAlpha could be misleading, which adds more reasons to exercise extreme caution when considering any type of interaction with this platform.
🚨🚨 In summary, our evaluation indicates that this company does not meet the required seriousness and safety standards. We recommend that you be cautious when considering any type of financial transaction with her. 🚨🚨
Updates
➡️ News about ByAlpha:
| Date | Update – news |
|---|---|
| May 2024 | Complaint against financial regulator ByAlpha CNMV, National Securities Market Commission |
We note that the company already has complaints from financial regulators. Please be very careful!
User Reviews
What is your opinion? We invite you to collaborate with us and vote. You can also leave a comment about your experience with ByAlpha.
At the end of the review you will find customer comments.
How to Claim Money Scammed by ByAlpha
If what you want is to know how to claim your capital, if you have been scammed, further down in the FAQ section you can find our advice.
How to Report ByAlpha
If you feel dissatisfied with the service provided by the company, and for some reason you want to report it, below, in the FAQ section, you can find the best way to report this company.
Frequently Asked Questions
Are there (recommended) alternatives to ByAlpha?
Yes, of course there are better and safer options! You can see here the brokers we recommend: ranking of the best brokers.
How can I report ByAlpha?
This depends on where you are, you should go to the financial regulator in your country. Write us a comment on this review and we will help you.
Is ByAlpha trustworthy?
No. ByAlpha is not trustworthy, it is a very unsafe company: It mentions being located in an unsafe place such as Santa Lucia, it is not regulated and is also reported by the regulator CNMV, National Securities Market Commission.
How to recover money from ByAlpha?
If you want to know how to recover your capital, you can see it here. We explain in detail the process of recovering money from a scam company, step by step.
I have an acquaintance investing, but I don't want them to steal my money or scam me. Can you help me? Blessings.
Hello Lorenzo, thanks for writing about ByAlpha. Currently, this broker is considered a SCAM.
If you are a client, do not invest more money, their only objective is to steal from you, they manipulate operations manually and keep the money from the moment it reaches their accounts, it never enters the market, everything is prepared so that they make you lose your money to have the excuse of keeping it.
If you decide to withdraw and they ask you for a ransom in the form of commissions, taxes, fees, legalizations, etc. Never pay it!, that is the alert, from that moment you have to know that you are a client of a scam broker and even if you pay they will never return it to you.
To help other users or customers, provide as much information as possible, explain how everything happened, where you saw the advertising, who called you, numbers from which you were dialed, emails and everything that comes to mind.
If you want to recover your money go to our chat or fill out the form in this link: CLAIM YOUR MONEY
Greetings.