Alaska Capitals LTD claims to be the “most trusted Forex broker in industry [sic]”. Is this claim true? First, lets see what some of our findings reveals. The broker promises that clients will get to trade Forex and CFD with an expert.
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On the page, the address of this broker is Suite B2, 207 Regent Street, London – w1B 4ND, United Kingdom. However, another address is given at the bottom of the page. This is an offshore location at: Suite 305, Griffith Corporate Centre, P.O. Box 1510, Beachmont Kingstown, Saint Vincent and the Grenadines.
There are options on the page to start either a live account or demo account. According to AlaskaCapitals.com, clients will “gain in-depth access to more than 150+ Forex instruments”. This are said to include currencies, global indices, stocks and CFDs. There are five account types offered and their conditions are seen in the picture below.
Visiting Alaskacapitals.com may seem convincing on the surface. However, traders are advised to read on and see some holes in the plot.
Alaska Capitals Trading Platform
The Alaska Capitals Trading Software offers a Metatrader 4 platform. MT4 is one of the most popular trading platform and is user friendly. Leverage and Spread of the accounts differ as the picture has shown.
Deposit And Withdrawal Methods on Alaska Capitals
Clients are offered a variety of payment gateways like: WebMoney, Visa, Skrill, OK Pay, Neteller, wire transfer, bitcoin and lots more. Minimum deposits range from an outrageous $50,000 to $50, depending on the type of account. There is no information found on withdrawal charges.
This information is important so that clients can invest any little amount they can spare. In order to be able to first watch the working of the brokerage. If then they are satisfied with what they see, they can determine when to withdraw their money.
Is Alaska Capitals LTD Licensed
Like the information given for their address, Alaska Capitals tries to play smart regarding licensing. It is first claimed that Alaska Capitals LTD is registered in the UK. Then it is stated that “Alaska Capitals LTD is a fully licensed and registered broker governed and supervised by the Saint Vincent and the Grenadines Financial Service Authority (FSA)”.
This above is a false claim. The SVGFSA do not give brokers license. Hence, it does not even regulate them. It only registers and give a certificate, which means that any foul play by these brokers are not punishable by the SVGFSA. That Alaska Capitals even go as far as publishing a false license number is totally damning.
There is no information on how to contact the customer care representative. But clients are invited to follow them on social media platforms.
Alaska Capitals displays professionalism in presenting themselves. The wide range of payment and withdrawal options is encouraging. However, the lack of license and falsifying it is hard to shake off. This makes it hard to trust other claims that are found on the page.
COMPARE WITH A TRUSTED BROKER
Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website