In the case of Alliance Trading Group, we are dealing with yet another scam project attempting to convince traders that it is a legitimate Forex/CFD broker. Potential clients are promised comfort, security, and transparency in transactions. However, we know exactly what these words mean when used by fraudsters trying to enrich themselves at the expense of users. To dispel any illusions, we will show you why we are certain that this platform only leads to financial losses.
Key Features
- Company Name: Alliance Trading Group Limited
- Website: https://alltradinggroup.com/
- Available Contacts: [email protected]; +442037584999
- Foundation: 2025
- Services: Forex/CFD trading
- License: None
- Initial Deposit: Unspecified
From Sign-Up to Payout
The developers of Alliance Trading Group’s official website certainly know how to impress. They have managed to create well-designed pages and optimize them for smooth loading. At the same time, however, they have handled the content in an incredibly poor manner:
- There is no list of account types or real trading conditions.
- The Terms & Conditions document is missing, even though some other documents have been published.
- The available markets and tradable assets are not described.
The list of such shortcomings is extensive, as there is not a single page with useful information for users. However, one thing was done almost correctly — the registration form. The only issue is that users are not introduced to the key documents and are not asked to sign them.
Problems also arise when it comes to non-trading operations. Users are offered deposits via PayPal or CryptoBank. However, the PayPal option works through an unclear payment agent, and the CryptoBank option does not allow direct transfers. Instead, users must purchase cryptocurrency at a predatory exchange rate with high fees. Naturally, no recipient details are provided, ensuring the broker remains completely anonymous.
All of this clearly indicates that a regulated broker under the name Alliance Trading Group never existed. What we see online is a poorly constructed scam, nothing more.
Our Trading Experience With Alliance Trading Group
The broker dedicates an entire page to its trading platform, but, as with the rest of the website, it contains nothing useful. The company lists vague advantages of its terminal — features that apply to almost any trading platform. This means we have to evaluate the software on our own.
Visually, the terminal looks decent. It supports full multi-chart mode and includes 50 technical indicators. However, there are several significant drawbacks:
- The Watch List only contains seven currency pairs, gold, oil, and two cryptocurrencies. It is unclear how to add more instruments.
- There are no standard graphical analysis tools in the charting section. While it may be possible to draw something similar, a trading terminal should not function like a graphic design tool.
- Users cannot create new indicators or integrate third-party ones.
- One-click trading is not available.
Algorithmic trading is also not supported within the platform. However, the broker claims to offer auto-trading via the UTIP terminal for Windows. When we attempted to use it, the program failed to launch. This strongly suggests that algorithmic trading is not a viable option for Alliance Trading Group clients.
All of these issues only reinforce our opinion that we are dealing with a scam project. Fraudulent brokers do not invest in high-quality trading software. Instead, they attempted to offer compromised solutions for automated trading.
Another red flag is the complete absence of transparent trading conditions on the website. The company has a “Trading Conditions” page, but instead of providing real contract specifications, it features a “Trading Symbols” table.
We have encountered this type of widget before. The leverage values displayed within it cannot be considered reliable — especially when we see a uniform 1:200 leverage for currency pairs, commodities, indices, and stocks. No other trading conditions are provided.
At this point, we no longer expect Alliance Trading Group to resemble a real broker in any way. The scammers behind this project simply lack the capability to create anything legitimate.
The Reality Check
We are confident that every rational trader has already assessed Alliance Trading Group for what it truly is. We hope that there are no remaining doubts that this is a scam platform. However, we have found even more undeniable arguments to support this conclusion.
On several pages, the broker claims to be registered in the United Kingdom and states that it operates under regulatory supervision. What does our investigation reveal?
The Companies House database does list a company named Alliance Trading Group Ltd. It was registered in January 2023 and remains active as of now. Its registered address completely matches the one provided by the platform’s representatives on their website.
However, it takes no effort to see that this company has absolutely nothing to do with the broker. First and foremost, let’s look at the real firm’s business activities. It is engaged in meat and meat product manufacturing, as well as wholesale and retail trade in these goods (SIC 10130, 46320, 46390, 47220). Somehow, we find it hard to believe that this has anything to do with brokerage services.
Another red flag is the customer support phone number. According to the numbering plan, it is assigned to London, making it difficult to believe it is actually located in Kempston, Bedford.
This means Alliance Trading Group is not officially registered as a broker. It simply tried to use an unrelated company’s name as a cover story. However, like everything else this broker does, this move turned out to be a failure. Providing brokerage services under the name of a company engaged in meat products is, at the very least, laughable.
Naturally, there are no licenses for brokerage/dealer activities, trading operations, or financial asset transactions. This virtual company operates illegally, merely simulating order execution for its clients.
How Long Has Alliance Trading Group Been in the Game?
We discovered that the real company whose name this broker uses was established in 2023. However, the actual lifespan of this pseudo-company remains unknown, as no such information is provided on its website. To get the facts, we checked the Whois database to find out when the domain was registered.
As we can see, the domain alltradinggroup.com was registered only on February 4, 2025, meaning the broker has existed for less than a month. This is yet another confirmation that this platform has nothing to do with a legitimate UK company.
It’s no surprise that the official website of this fake company is in such poor condition. However, we seriously doubt that its team will fix the flaws we have identified over time.
Considering the broker’s young age, the statistics it presents are nothing short of ridiculous. No company has ever managed to attract 160,000+ active users from 172 countries in under a month. Yet, Alliance Trading Group wants us to believe it has accomplished this feat. For some reason, we don’t believe them.
Extra Fraud Indicators
It’s unrealistic to expect a lot of information about a broker to appear online within just three weeks. However, the current situation suggests that the firm has already been noticed, and it also does not wish to remain obscure.
The latter is evident from the first Alliance Trading Group reviews. There are only a few so far — 3 on Trustpilot and 6 on Reviews.io. They started appearing just a couple of weeks ago. What unites all these posts are high ratings for the company and, as a result, an overall rating between 4.5 and 5 stars.
Looking at the comments, it’s clear that they were written by copywriters fulfilling an assignment. None of them have even carefully reviewed the materials presented on the platform’s official website. However, we assume their work has already been paid for.
In contrast, experts from industry-specific portals have a completely different opinion about this broker. Although there are still only a few articles, their authors have pointed out all the problems with both the website and the platform itself. It is not surprising that the company’s rating on these sites hasn’t even reached 2 out of 5, and no one refers to it as anything other than a scam.
Is Alliance Trading Group the Right Fit?
The broker in question has proven that dealing with this scam platform means losing your invested money. It has provided some compelling arguments — lack of official registration, misuse of a real company’s name (which, ironically, specializes in meat production), illegal operation without a license, and false information on its website.
The logical conclusion from our Alliance Trading Group review is simple: forget about this fraudulent project forever or, at the very least, never send any money to accounts opened here.
I don’t know how they got my phone number, but they called me and started telling me how I could deposit some money and double it in just a month. At first, I deposited $10,000. After a week, my account balance supposedly showed $13,000. Then they called again and said that to increase my profits, I should deposit more. By the end of the month, they promised I’d have an amazing return. And that’s when things spiraled out of control…
I got greedy and deposited another $10,000. Then another $15,000. A few days later, I couldn’t log into my account. I started calling support, but they didn’t answer the phone or respond to emails.
I tried calling from a different number, and they finally picked up. I explained my situation, and they pretended not to know anything. They promised to “look into it.” Now, they ignore me completely — both on the phone and via email. I filed a police report against these scammers, and the officers told me I wasn’t the first victim.