Is alphatrade.co.ke a scam?
'LIKELY SCAM'
Risk: HIGH
Website Screenshot
Overview
AlphaTrade exhibits multiple high-risk hallmarks: an extremely new domain makes claims of 50K+ users and large traded volumes, plus promises of instant withdrawals and use of a high-abuse host. These are classic indicators of pig-butchering or fake trading platforms.
Why We Think This Is A Scam
Domain registered 1 day ago but claims '50K+ Active Traders' and 'KES 2B+ Total Volume Traded'.
Promises 'withdraw instantly' and 'No waiting days', a common fake liquidity claim in scams.
Hosted with Leaseweb (Germany), known for tolerating abuse; domain and claimed Kenyan userbase are mismatched.
Heavy use of vague superlatives ('Kenya's fastest growing', 'platform Kenya has been waiting for') without evidence.
No legal, regulatory, or KYC information provided, despite purporting to be a multi-asset brokerage in Kenya.
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Registration Info
Registrar:HKL
Registered:2026-05-03
Hosting Info
Provider:Leaseweb Deutschland GmbH
Location:DE
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