AltimaTrade belongs to the category of financial service providers and describes itself on the company website as a broker in the financial sector. Accordingly, one can invest money with AltimaTrade and profit from the advantages of the trading platform.

The company allegedly wants to bring the world of financial markets closer to its customers. With the tools on their platform, one can easily recognise good investments and secure profits. However, most of the information about the company itself and who is responsible for it is missing.

Table of contents

  1. AltimaTrade – Broker Review
  2. AltimaTrade Website
  3. Contact AltimaTrade
  4. AltimaTrade Authorisation
  5. Warning from financial regulators about AltimaTrade
  6. Online trading advice
  7. Lawyers advise on difficulties

Parallel to the question of whether AltimaTrade offers a trustworthy service, it is important to look at the principles for promising trading. Our lawyers will also comment on how AltimaTrade compares to other financial services. Furthermore, we will assist and support you in case of ambiguities and disputes in connection with AltimaTrade.

AltimaTrade – Broker Review

AltimaTrade’s website goes out of its way to leave no doubt about the benefits of their offerings. By having an account on the trading platform, one can invest one’s money safely and even receive easy returns.

There is even support from experienced experts and tools. The accounts are available in four variants. Each of them requires the user to provide sensitive data and to make an initial deposit of a minimum amount.

The lowest deposit starts at 250 dollars, while a pro account accepts no less than 10,000 dollars. Allegedly, there are over 60,000 active online traders on the platform. However, in view of the lack of data on the responsible persons on the website, this figure should be viewed with scepticism.

It is also not clear where the invested money really ends up.

The AltimaTrade website

The service provider AltimaTrade presents itself on the Internet with a multilingual website at the URL

Management Board

According to §6 of the German Media State Treaty (MDStV), the name of the person responsible for the content of the website must be displayed in the imprint. In many cases, this is a member of the company’s management board.

Identifying the responsible persons by name is not only necessary, but also a sign of transparency. As of March 2022, there is no information on the persons responsible for the content on AltimaTrade’s website.

Query domain data

Some companies use their many years of experience to convey authenticity. However, such statements are often contradicted by the date on which the domain was registered. Accordingly, it is necessary to check who owns the domain and in which year the domain was registered.

Our lawyers have determined the information on the provider AltimaTrade on 11.03.2022 with the following result:

  • Domain Name:
  • Registry Domain ID: 121d6f9754344083816091c305e7be93-DONUTS
  • Registrar WHOIS Server:
  • Registrar URL:
  • Creation Date: 2021-12-24T12:18:37Z
  • Registrar Abuse Contact Email:
  • Registrar Abuse Contact Phone: +1.6024928198

Operating company and trademark

The name of the website or the trading platform or the offer is not necessarily congruent with the operating company. In the past, it was not uncommon for companies to operate with many different trademarks at the same time.

Furthermore, it is a common practice of certain providers to deactivate the websites of incriminated trademarks and to return to the market with another trademark in a timely manner.

For this reason, when searching for news and information about a provider, it is a good idea to consider not only the trademark but also the operating company in general. The relevant information can be found either in the imprint or often also in the footer of an online presence.

In the footer section of the company’s website you will find the information that AltimaTrade is owned by Shenanigans Consulting Ltd.

Imprint information

In the Federal Republic of Germany, according to §5 of the German Telemedia Act (TMG), there are general information obligations and mandatory details for the imprint. Consequently, this obligation for “provider identification” exists for all commercially operated internet presences.

This is because the information is intended to inform visitors to a website who they are dealing with. Last but not least, the address of the website operator plays a role in the event that legal claims are to be enforced against him.

In this context, it is also important to note that the obligation to maintain an imprint also applies to providers based abroad who conduct their business activities in this country. As of March 2022, no imprint existed on the AltimaTrade website.

AltimaTrade contact details

At the time of writing, the following information could be found on the AltimaTrade website:

  • AltimaTrade Email Contact: No Details
  • Postal address of AltimaTrade: no details
  • AltimaTrade phone number: not available

AltimaTrade authorisation

The existence of a valid authorisation from a European state financial supervisory authority can be an important characteristic of whether a provider is a reputable financial service provider. This is because a provider must make a considerable financial effort to obtain a licence.

However, it does not necessarily have to be a case of fraud if a broker omits information on its authorisation or on its regulatory status. The following financial regulators, among others, are responsible for granting authorisations and supervising financial service providers such as AltimaTrade:

  • FSMA, Belgium (Financial Services and Markets Authority)
  • BaFin, Germany (Federal Financial Supervisory Authority)
  • CSSF, Luxembourg (Commission de Surveillance du Secteur Financier)
  • CySec, Cyprus (Cyprus Securities and Exchange Commission)

AltimaTrade’s website had a registration number of “26499 BC/21” for St Vincent and the Grenadines in March 2022. Investors can discuss what this fact entails in an exchange with legal counsel from our law firm.

Warnings from regulators about AltimaTrade

At the time of writing, there have been no warnings from official authorities about AltimaTrade.

Before trading with AltimaTrade and others – Online Trading Guide

Trading on an internet platform like AltimaTrade is the extension of traditional trading in financial instruments to the internet. Here, as there, investors act with the intention of generating profits through the acquisition and sale of assets.

Trading is no longer limited to securities. In fact, exchange traders can also choose from the following alternatives, for example:

  • Bank deposits
  • Bonds
  • Real estate
  • Precious metals
  • Commodities
  • Cryptocurrencies such as Bitcoins and Altcoins, for example Binance Coin
  • Foreign exchange trading
  • exchange-listed index funds

Online trading is carried out via intermediaries such as brokers (e.g. AltimaTrade) or banks that provide their clients with a specific trading software solution. It can be assumed that in the future there will be more and more private investors who discover online trading for themselves.

All you need is an internet connection and a PC or smartphone or tablet.

Advantages of online trading

Digitalisation also has a considerable influence on the world of finance, especially with regard to trading such as at AltimaTrade. Due to the technological possibilities, trading has become particularly fast.

Whereas investors and traders once had to place their orders by phone, fax or post, this is now possible at the click of a mouse and at a fraction of the cost. Aspects such as the duration and type of trade, pricing and quantities or account details can now be clarified without a personal conversation between a broker like AltimaTrade and its client.

At the end of the day, the opportunity to trade online has brought numerous advantages to the fore:

  • The range of tradable assets is wider and deeper.
  • Transaction fees have dropped rapidly, as individual support on the phone is no longer required.
  • Returns can be realised even with a low stake.
  • Online traders have access to numerous tools and can use various indicators.
  • Educational opportunities for online trading, knowledge pools, analyses or trading courses are often provided in-house.
  • The risk of losses due to gaps is reduced.
  • The trading platform executes the desired orders; all you need is an internet connection.

Moreover, online trading not only brings conveniences in terms of ease of use of the trading platform. Especially through analysis options, indicators and the many different tools, the money investor enjoys noticeably more comfort.

The times when you had to draw your own charts or make your own calculations are over. Trading platforms now offer their customers an enormous variety of order types that online traders can execute independently with a day trading provider of their choice.

Bitcoin & Co. – cryptocurrencies are moving onto the radar of investors

But it is not only trading as such that has been significantly shaped by digitalisation. Because the unstoppable technologisation has provided online exchange traders with a new field of action: trading in digital assets. The most popular cryptocurrencies include Bitcoin and Ethereum.

Bitcoin was the very first cryptocurrency, which is why all other digital currencies are referred to as “alt-coins”. Today, there is an enormous variety of tradable crypto assets and the landscape is extremely volatile. As a result, new coins enter the market regularly and many disappear just as quickly as they were released.

For online traders, this harbours opportunities as well as risks, which, given the lack of consistency, are nevertheless significantly amplified in comparison with conventional investments. In a way, freshly issued cryptocurrencies are like a game of chance at the roulette table for investors.

With a little luck, you can multiply your stake significantly. At the same time, the probability of losing the entire capital is enormously high.

That is why it might be a good choice for cautious traders to focus on the strongest crypto stocks in terms of market value, which have already been traded for a long time and have a comparatively large market capitalisation.

Next Generation Crypto: Alternatives to Bitcoin and Ethereum are gaining interest

In addition to Bitcoin and Ethereum, the Binance Coin, Solana, Cardano and Ripple should be mentioned in this context. Cardano and Solana in particular can be seen as more modern and future-oriented than Bitcoin and Ethereum.

While the former are the subject of discussion due to their energy-intensive “proof of work” mechanism, the latter rely on the less energy-intensive “proof of stake” mechanism. Furthermore, the blockchain-based projects Cardano and Solana enable the use of so-called smart contracts.

Furthermore, additional projects are emerging in the respective ecosystems, such as Solanart, a marketplace for so-called “non-fungible tokens”, or NFT for short. These can be used in decentralised finance, for example.

Here, they help to implement security mechanisms that guarantee the uniqueness of transactions and the correctness of each submitted order. Investors will therefore find an immensely wide range of cryptocurrencies to invest in.

However, crypto trading is mainly recommended for those investors who do not shy away from large risks. In addition, the same applies to crypto trading: be careful when choosing a provider.

Unfortunately, there are many documented cases of fraud and cybercrime in which crypto exchanges, i.e. stock exchanges for cryptocurrencies, have played a significant role.

The weaknesses of online trading

Not all that glitters is gold, and this also applies to online trading and the offers of some companies, such as AltimaTrade. Accordingly, apart from the advantages, there are also a number of disadvantages to be seen, which inclined investors should integrate into their considerations:

  • If wrong decisions are made, large losses are to be expected.
  • The existence of fraudulent trading platforms has led to immense risks of loss.
  • Compared to conventional trading, it is rather hectic.
  • Private investors should keep a constant eye on price movements.
  • Investors should already be experienced in trading and rely on resilient strategies.

Above all, speculative day trading is not recommended for private investors who are dealing with the topic of trading for the first time. This is because the risk of incorrectly predicting the development of prices is considerable, and corrections are difficult because of the time pressure.

Accordingly, this form of trading is rather recommended for highly experienced or very risk-averse investors. If you fall into this category, day trading is a way to achieve results in a timely manner. In addition, one benefits, for example, from the elimination of fees for holding positions overnight.

Finally, these financing costs should also be included in the overall consideration of an investment. Moreover, one literally saves oneself a rude awakening in the morning in case there were immediate and drastic price changes. Such “gaps” arise quickly due to unfavourable reports about a company.

On the other hand, one quickly sees success in the event that one can report a surplus at the end of a trading day. Furthermore, it is important for day traders to compare the trading fees of the individual online brokers.

It can pay off to opt for a flat rate in the form of an all-inclusive amount. This is especially profitable as soon as you trade at a high frequency and separate order fees would significantly reduce the surplus.

Recognising risks

In order not to unnecessarily increase the risks and dangers of online trading, you should check which company you want to trade with. From the experience of our law firm, a few questions have emerged that can be used to identify potential risks. Applied to the example of AltimaTrade, these would be as follows:

  • Is there an imprint on AltimaTrade’s website and can credible statements about the company’s registered office be found?
  • Are there any warnings from lawyers or law firms representing clients who have suffered losses in connection with AltimaTrade?
  • Does AltimaTrade guarantee unusually high profits and hide or downplay the risks?
  • Is AltimaTrade regulated by a European financial regulator and is the company subject to official supervision?
  • Can you find testimonials from other private investors, what kind of opinion is expressed in forums?
  • Are there any official warnings about AltimaTrade?
  • Has contact with AltimaTrade been established on the basis of an unsolicited telephone call?

What to do in case of losses

If you suspect that you have been defrauded in online trading, it is advisable to stop further payments immediately. This is especially true if the broker demands additional payments to compensate for deficits. In addition, one should try to recover the lost capital.

Here, affected private investors can seek investor protection and turn to the lawyers of our law firm. We look at civil law as well as criminal law options and possible claims for damages against the service provider and against involved payment service providers such as financial institutions.

“A private investor who loses money in online trading is by no means an isolated case. Many investors are blinded by the professional behaviour of the financial service providers and only realise too late that they are not responsible for their loss

Our advice is therefore not to despair, but to act promptly and actively. Because the prospect of recovering the lost money is usually greater than the aggrieved investors suspect. Would you like to talk to one of our lawyers about AltimaTrade? Then you can go straight to our contact section here.