Today, nearly every other Forex/CFD scam broker claims to offer traders premium trading tools, intuitive platforms, and optimal trading conditions. Our review of AlpineVistaWealth delves into one such example. We conducted a thorough analysis of the company’s website, its offerings, and its practices, and we’re ready to present our findings. Details on this suspicious company can be found below.
Highlights
Official Website | https://alpvw.com/ |
Company Name | Duke Group Ltd |
License Status | None |
Account Types | Standard, Advanced, Platinum, Expert, VIP, Professional |
Demo Account | None |
Assets Offered | Currencies, CFD on stocks, commodities, indexes, crypto |
Leverage | Up to 1:1000 |
Trading Platform | Margin Webtrader |
Deposit Methods | Debit/Credit cards, Bank wire transfer |
Withdrawal Time | 4-7 business days |
Affiliate Program | None |
Key Trading Features
From the first impression, AlpineVistaWealth’s official website is disappointing. The company uses a template commonly found among scam brokers online. The developers didn’t even attempt to improve its weaknesses with quality content.
A slightly modified version of this same template includes a list of account types available to traders, showing only a few trading conditions, namely:
- Minimum deposit amount.
- Maximum leverage.
- StopOut level.
- Monthly trading volume limit.
The firm offers traders six account types: three in the “Just Starting” category and three in the “Next Level” category:
- Standard. Minimum deposit €10,000, leverage up to 1:20, StopOut 10% of margin, volume limit 20,000.
- Advanced. Minimum deposit €25,000, leverage up to 1:40, StopOut 8% of margin, volume limit 50,000.
- Platinum. Minimum deposit €100,000, leverage up to 1:100, StopOut 6% of margin, volume limit 200,000.
- Expert. Minimum deposit €250,000, leverage up to 1:200, StopOut 4% of margin, volume limit 500,000.
- VIP. Minimum deposit €500,000, leverage up to 1:400, StopOut 2% of margin, volume limit 1,000,000.
- Professional. Minimum deposit €2,000,000, leverage up to 1:1000, StopOut 2% of margin, volume limit 1,000,000.
Other essential trading conditions are not published. For instance, traders don’t know spread sizes until they access the trading platform. The table only mentions that spreads vary by asset type, but the owners of the site didn’t bother to provide even a rough range. The same goes for swaps; each account type lists a discount percentage, but the base rate is nowhere to be found.
Reviewing the account types, it becomes clear that AlpineVistaWealth aims to quickly deplete each client’s funds. The leverage increases along with the deposit size, which raises serious risks. While the risk level may still be manageable with the Standard and Advanced accounts, it becomes excessive at the Professional level (with 1:1000 leverage), even for traders who are well-versed in money- and risk-management principles.
Other options listed in the table are equally questionable. For example, the Advanced and higher accounts promise clients fixed monthly dividends. This raises several questions:
- Why is the amount fixed when deposits for each account type vary widely?
- Why are dividends paid monthly when financial statements are typically reported quarterly?
- Where do the funds for these payouts come from if the company claims to keep client funds in segregated accounts to which they have no access?
The non-trading options are also concerning. For instance, AlpineVistaWealth offers clients account management sessions with specialists (two sessions for the Advanced account) and full transaction reports (once every two months for Advanced accounts). It seems inadequate for anyone depositing over €25,000, although the broker’s owners appear to be focused more on satisfying their own greed.
Overview of Available Trading Instruments
AlpineVistaWealth’s selection of trading assets is far from original. Clients are offered trading in:
- Forex pairs.
- Commodity market CFDs.
- Stock CFDs.
- Index CFDs.
- Cryptocurrency CFDs.
On some website pages, the broker promotes itself as an ideal choice for those interested in trading ETFs. However, this is just talk, as exchange-traded funds aren’t listed in the platform’s available trading instruments.
On the Crypto Assets page, AlpineVistaWealth calls itself the “Home of Cryptocurrencies.” Yet, it fails to live up to this claim, offering only 35 cryptocurrencies, and trading is limited to CFDs on digital assets. Users won’t find the promised institutional services advertised on the same page.
Trading Platform Analysis
The company proudly promotes its trading platform on its website page, calling it the MT4 Margin Webtrader. Of course, this software has no connection to MetaQuotes, the developer of MetaTrader4 or MT4.
While the platform is based on a TradingView widget, it has more drawbacks than actual advantages:
- Only one chart window can be opened at a time.
- The market overview doesn’t allow traders to customize the list of available assets.
- The working list includes only five timeframes, omitting popular ones like the one-hour (H1) chart.
- The platform is designed for Spread Betting, not Forex/CFD trading, meaning all trade parameters are set in USD rather than the actual asset price or pips.
Some active clients report that the broker’s quotes differ significantly from the current asset prices offered by other companies. This indicates two major issues:
- AlpineVistaWealth sources its quotes from an unknown provider.
- The trading server’s administration can access and adjust quotes at will.
Naturally, it’s hard to expect fair trading under these conditions. But with a project created by scammers, we couldn’t expect anything better.
Additional Services
AlpineVistaWealth provides no additional services. The main menu on the official website has no mention of trading education or an affiliate program.
The account type table does list some offerings, like:
- The ability to enter “independent” contracts (whatever that means).
- Access to a premium on-site trading room.
- Participation in VIP events.
However, we’re confident these are empty promises. No one knows the address of the company’s trading room, and the broker doesn’t provide information on any VIP events or publish reports on even one event held.
Fee Structure
On the AlpineVistaWealth website, there is not even a mention of commissions. However, traders who care about knowing both trading and non-trading costs can find information about these in the Terms & Conditions. Suffice it to say, calling this broker modest in this regard would be difficult.
For instance, the company charges commissions:
- 0.01% on any transaction involving crypto assets (fees for other trading instruments are not specified).
- 5% of the withdrawal amount for bank card transfers (excluding payment system fees).
- €10 for bank transfers via SEPA or €25 when using other systems (such as SWIFT).
- 5% of the deposit amount if there is no account activity for 30 days or more.
Legitimacy of AlpineVistaWealth
The issue of official registration and licenses for this broker requires careful examination by traders before opening an account. AlpineVistaWealth claims in the footer of their pages to be registered in Saint Lucia and provides the registration number of the company Duke Group Ltd (which supposedly owns the trading platform). A search in the databases of this Caribbean country confirms the provided details.
There is indeed a firm with this name in Saint Lucia’s registry engaged in international business. However, there’s a critical question: does it actually own AlpineVistaWealth? No confirmation of this connection appears in public databases. The broker itself has done everything to raise doubts:
- It lists contact numbers in the UK and Switzerland.
- It accepts deposits in euros, indicating it primarily works with traders from Europe.
- It claims to operate under the laws of Saint Vincent and the Grenadines and offers dispute resolution in their courts (strangely, not in its registered location).
In fact, most countries consider providing brokerage services within their territory or to their citizens legal only with authorization or a license from the local financial regulator.
Saint Lucia does not issue such authorization documents, having delegated these powers to the Eastern Caribbean Central Bank (ECCB). However, ECCB’s database has no record of Duke Group Ltd or the broker AlpineVistaWealth.
European regulators and the UK’s FCA are even stricter with licenses. Checks show that none of these organizations recognize this platform. Meanwhile, Saint Vincent and the Grenadines does not issue licenses for Forex/CFD brokerage services.
Thus, we are dealing with a broker whose registration is questionable. But even if it were legitimate, its activities would still be illegal due to the lack of a license.
Company History
The broker also chooses not to disclose its background. This is likely to avoid damaging trust. Its previous domain, alpinevistawealth.com, according to WHOIS, was only registered in August 2024.
This means the broker has only been operating online for three months and in such a short time has already managed to switch to a completely new domain, alpvw.com, which only increases suspicions of illegitimate activities. This behavior is typical for scams, a similar example is DUNBAR TRADE & INVEST review. For an established firm, this is a short timeframe to build a solid reputation. However, we see a surprising number of positive reviews online (almost two dozen on Trustpilot and reviews.io). Analyzing the content suggests that these reviews were likely paid for by the company. This practice is commonly used by scammers, and we’re confident that we’re dealing with one here.
Conclusion
Our review of AlpineVistaWealth aims to warn traders against working with this broker. Its registration is questionable, and its lack of licenses shows its operations are illegal. The platform’s quality is far from high, and the trading conditions are hardly favorable. With a short operating history, the company seems to buy reviews to boost its image. This raises significant risks for clients, making it unwise to open or fund an account here.
Weighing the Pros and Cons
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Decent selection of account types.
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The company’s registration is dubious, as it’s unclear if the broker truly belongs to Duke Group Ltd.
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None of the regulators, including offshore ones, have licensed the platform to provide brokerage/dealer services. Therefore, its operations are illegal.
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A large portion of the trading conditions are hidden, and the disclosed ones are not as beneficial as claimed.
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Leverage levels on high-tier accounts create unacceptable risks for traders.
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The company seems to order positive reviews online.
Common Questions
What deposit methods are considered safe?
Safe methods identify both the sender and receiver of the payment. For brokers, this means that funds should go directly to bank accounts or electronic wallets owned by the company. Anonymous payments or transfers to individuals or other entities are unsafe.
The company quickly processed my first withdrawal request for a small amount, but the second one has been pending for nearly a month. What should I do?
Scam brokers often process small withdrawals to build trust but may not pay out larger amounts. Contact their support. If they ignore you, report the fraud to the authorities.
I do not recommend working with AlpineVistaWealth – they’re real scammers. They present themselves as an honest broker, but they’re just out to steal your money! I had to lose $25,000 to realize I was caught in a trap. Their scheme is simple: they contact you by phone, then send email photos of big payouts. Once you deposit, they block your account access and cut off communication. It’s frustrating they avoid punishment for these tricks. Don’t trust them; all their promises are just a scam!