✔️ Information reviewed and updated in March 2024 by Eduardo López
IS ByAlpha RELIABLE? OPINIONS
- 1 IS ByAlpha RELIABLE? OPINIONS
- 2 ℹ️ BROKER DATA:
- 3 📞 LIST OF PHONE NUMBERS:
- 4 💰 DEPOSITS AND ACCOUNTS:
- 5 🌐 WEBSITE – WEBSITE:
- 6 ⭐ OPINION FROM ByAlpha:
- 7 💬 WHAT TO THINK OF A COMPANY LIKE ByAlpha?:
- 8 📣 LATEST UPDATES:
- 9 ✔️ CLAIM MONEY FROM ByAlpha:
- 10 🚨 REPORT ByAlpha:
- 11 ❓ FAQS – FREQUENTLY ASKED QUESTIONS:
In this post I will analyze ByAlpha. Is ByAlpha stocks, forex, indices, cryptocurrencies and commodities platform (with byalpha.org website) really reliable? Is it safe to invest your money with this company? I will examine this company in detail.
I will explain to you why I think ByAlpha is an UNSAFE company AND I CONSIDER IT TO BE UNRELIABLE. BE CAREFUL WITH THIS KIND OF COMPANIES!
ℹ️ BROKER DATA:
Here are two things that I would like to highlight, (1) the first thing that is important to know is about its regulation and (2) the second is the location of the company. These are two data of vital importance to be able to measure the seriousness and reliability of a company.
Does the company have no regulation or is it regulated by an unserious country? Is the company located in an unreliable place or does it not mention where it is located? These are questions that every investor should ask about the reliability of the company.
|About the company
|Compic Solutions LTD
|Mentions being located in Santa Lucia
|️ ️ Phone number
|Does not have
|📧 Email Address
|???? Live Chat
|💳 Payment methods
|Credit card, cryptocurrencies, Visa and MasterCard
|❓ Company type
|platform for stocks, forex, indices, cryptocurrencies and raw materials
📞 LIST OF PHONE NUMBERS:
The company does not mention any contact telephone number. The lack of means of contact makes me a little nervous. It is not normal.
💰 DEPOSITS AND ACCOUNTS:
Here is a small analysis of the types of accounts that ByAlpha offers; They are divided into 4 accounts. Here is a table with a little more information about minimum deposits by type of account.
|TYPE OF ACCOUNTS
|MINIMUM INITIAL DEPOSIT
🌐 WEBSITE – WEBSITE:
Below you will see the company's website and a small analysis about the website:
- Age of the website: the domain “byalpha.org” was registered on May 09, 2023. That is, it is a website that is not very old. 🚩
- The website mentions which company it belongs to, but I have not been able to find “Compic Solutions LTD” in the company records. I think it may be a fake company. 🚩
- As I mentioned before: the company does not mention being regulated, which makes me think that it is an unregulated company. 🚩
⭐ OPINION FROM ByAlpha:
After having carried out an analysis of the company, I have come to the following conclusions:
1) The company is located in an unsafe place such as Santa Lucia.
2) The company does not mention being regulated or anything about its regulation. I understand that it is a UNREGULATED company.
3) I think the company has very little seniority or history. As I mentioned, I was able to check that the domain “byalpha.org” was registered on May 09, 2023. It is very recent.
4) The company has a very bad reputation on the internet, I have already been able to find customer complaints.
5) The company mentions generating great profitability, which is so good and exaggerated, that I think it is false.
6) The company has been reported by the following financial regulators: CNMV, National Securities Market Commission. It is a very unsafe company, be careful.
“To be honest with you, I would not invest in this type of company: it is not regulated. He mentions belonging to a company Compic Solutions LTD which apparently is a fake company. I honestly cannot recommend a company of this type.”
💬 WHAT TO THINK OF A COMPANY LIKE ByAlpha?:
ByAlpha is a platform that faces a number of major concerns that raise serious questions about its reliability and security for investors. Firstly, the platform's alleged location in Saint Lucia, a place known for its lack of regulation in the financial sector, raises serious concerns about the protection of funds and investor rights. Furthermore, the lack of adequate regulation and the absence of supervision by financial authorities increases the risk of fraudulent activities or unethical business practices.
Another alarming factor is the complaint by the regulator CNMV for fraudulent activities, which indicates possible irregularities in ByAlpha's operations. This complaint, combined with the questionable location and recent age of the platform as of May 9, 2023, underscores the need for extreme caution when considering any type of investment or transaction with this platform.
Given the combination of these factors, investors are strongly advised to avoid ByAlpha and look for more reliable and transparent alternatives to protect their funds and avoid potential financial risks. It is essential to thoroughly research any investment platform before committing any capital to ensure a safe and reliable experience.
📣 LATEST UPDATES:
1) Update January 2024: la CNMV, National Securities Market Commission, has denounced ByAlpha.
✔️ CLAIM MONEY FROM ByAlpha:
If you have been scammed, then I explain, in my opinion, one of the most effective methods to recover capital. If you do it on time and with a serious company, it is highly effective.
We work with a capital recovery service. here you can recover your capital.
In a few words, we use the chargeback method or capital withdrawal, with this method what we do is ask the bank or Visa, or Mastercard (depending on how we send the money), to return our capital, since we have been scammed. In order to recover it, we have to prove that we have indeed been scammed.
If you have been scammed, it is the option that I recommend, we work with a totally serious and safe capital recovery company.
🚨 REPORT ByAlpha:
If you have been scammed by this company and you want to report it, I think the best option is to contact the financial regulator of the country where you live. Report what happened to the regulator. Here are some examples of financial regulators by country:
🇦🇷 Argentina: the financial regulator is CNV, here you can get in touch
🇧🇷 Brazil: the financial regulator is CVM, here you can get in touch
🇨🇱 Chile: the financial regulator is CFM, here you can get in touch
🇨🇴 Colombia: the financial regulator is the Financial Superintendence, here you can get in touch
🇪🇨 Ecuador: the financial regulator is SUPERINTENDENCE OF BANKS, here you can get in touch
🇪🇸 Spain: the financial regulator is CNMV, here you can get in touch
🇺🇸 United States: the financial regulator is FINRA, here you can get in touch
🇮🇹 Italy: the financial regulator is CONSOB, here you can get in touch
🇲🇽 Mexico: the financial regulator is CNBV, here you can get in touch
🇵🇪 Peru: the financial regulator is SBS, here you can get in touch
If your country is not on the list, leave a comment and I will gladly help you!
❓ FAQS – FREQUENTLY ASKED QUESTIONS:
ByAlpha is a versatile investment platform that offers opportunities in a wide range of financial assets. From individual stocks to forex, indices, cryptocurrencies and commodities, ByAlpha provides investors with the ability to diversify their portfolios and access different financial markets.
In my opinion it is, I think it's a scam. Taking into account different characteristics of this company, I must qualify it as a very bad and very unsafe one.
ByAlpha is a company that I consider UNTRUSTABLE. It has characteristics that make it a very unsafe company: be very careful.
If you have lost your money or been scammed, I recommend you try the capital recovery service.