Alliance Investment Limited in short AIL claims to be situated offshore in New Zealand and portrait itself as a cryptocurrency investment firm. The three unique investment plans are offered with the high minimum investment required. Sadly, the broker fails to provide info on trading environment available for trading. It offers a high weekly return on investments and runs an affiliate program for better income. However, we are giving Alliance Investment Limited a lower rating and reason for the same are discussed in this particular Alliance Investment Limited Review. Stay tuned to know all about this potential scam broker.
About Alliance Investment Limited:
The three investment plans are Basic, Premium, and Professional that requires a minimum initial investment of $500, $50000, and $100000 respectively. However, we could not find the information about the trading environment provided to trade. To deliver an unprecedented and logical review we must discuss possible advantages and disadvantages of Alliance Investment Limited. We will start this section with the possible advantages of AIL. The broker claims to offer to trade on various trading assets including foreign exchange pairs and cryptocurrencies. It’s the only advantage we can see. However, we could not confirm this claim as a broker does not allow access to the trading platform until the deposition of funds. The disadvantages of Alliance Investment Limited are many and we will discuss them in this particular section. The company Alliance Investment Limited claims to be situated in New Zealand and registered with the Financial Markets Authority a local financial watchdog. Nevertheless, the broker is not regulated with FMA rather it is blacklisted by FMA as a potential scam broker. Furthermore, the broker fails to provide information about spreads and leverages offered and does not give free access to its trading platform. Such uninformative brokers must be treated as a scam broker. The broker promises 5%, 8%, and 12% of return on investment on its official website. However, how it is achieved is not mentioned. It also runs a Ponzi Multi-Level Marketing scheme that promises referral rewards of 5%, 7%, and 10%. Also, considering the unregulated nature of the broker the minimum initial investment is quite high and not feasible.
Is Alliance Investment Limited scam or legit?
The broker is unregulated and received a warning against it. The trading conditions are unclear and promise a high ROI. It also runs a Ponzi MLM scheme to lure traders. All of this makes Alliance Investment Limited a scam broker 2020.