Alliance Investment Limited Review
Categories: Scam Cryptocurrency broker |
Published by: asherlev
21/09/2020
Overview:
New Zealand based cryptocurrency brokerage services provider Alliance Investment Limited has three distinct investment plans are in offerings. The three investment plans need high initial investment and promise higher weekly Return On Investments. However, the broker Alliance Investment Limited does not want to disclose its trading conditions to its client. Also, it fails to give a free demo of the trading platform. The broker AIL is not credible and reasons for its lower credibility are mentioned in this exclusive Alliance Investment Limited review. So, without further ado let’s analyze this potential scam cryptocurrency brokerage services provider.
About Alliance Investment Limited:
The provided three investment plans are as follows Basic, Premium, and Professional. These three plans promise high weekly Return On Investment of 5%, 8%, and 12% respectively. It also manages to provide a referral program that promises 5%, 7%, and 10% of referral bonuses. The minimum deposits to these three investments plans are $500, $50,000, and $100000 accordingly. Nevertheless, the broker has several issues and we will shed light on them one by one in the following lines.
The broker’s product portfolio claims to have a variety of tradable assets like popular crypto coins and many forex pairs. Unfortunately, broker’s claim could not be validated as it fails to provide free access to its trading platform. The broker claims to be situated and regulated by New Zealand. The brokers operational from New Zealand must be registered with the Financial Markets Authority. While checking with the Financial Markets Authority of New Zealand we could not find Alliance Investment Limited’s registration. However, we stumbled upon a scam warning against it by the Financial Markets Authority that claims AIL as a scam broker.
Furthermore, the trading conditions of AIL are unknown and it does not make any efforts to disclose them on the official website. The main indicator of the scam broker is its opaque information status. It boldly manifests high return on investments but how they are achieved is not mentioned. A Ponzi MLM scheme is in the offering that is more than enough to mislead traders. Also, the minimum investments required mentioned above are far from what is considered economical.
Is Alliance Investment Limited scam or legit?
The broker falsely claims to be regulated by FMA of New Zealand. Instead, it is red-flagged by FMA. The initial investment is insanely high and trading conditions are missing. The high ROI promised are designed to mislead traders. All in all, the Alliance Investment Limited is a potential scam cryptocurrency broker.
