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  • Alfasapphire.ae

Overview

Alfasapphire.ae has a rating of 1.6 stars from 7 reviews, indicating that most customers are generally dissatisfied with their purchases.

Positive reviews (last 12 months): 33.3%
Positive
1
Neutral
0
Negative
2
1
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How would you rate Alfasapphire.ae?

Reviews (7)

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Thumbnail of user danj719
1 review
4 helpful votes
July 22nd, 2022

To start with, their company itself is questionable, at the end of their call they will tell you to deposit immediately!,(Please pay attention its a RED FLAG)
Luckily I choose to do some research, and please do so. 24securities has a very bad review all over.

Tip for consumers:
Do your own research, this is an issue between both. Yes once you released your money huge chance it will disappear forever.
1. The company Alfa Sapphire is not having enough reviews to give you confidence,
2. Asking to deposit immediately(During the hype) is a big NO
3. Researching the company 24securities will help you a lot.
4. Risk taking is fine but research is the key.

Thumbnail of user octag
1 review
2 helpful votes
December 21st, 2022

If any one had an experience of job here kindly let us know about that company named alfa sapphire call center services is doing a legend work or it is a scam?

Thumbnail of user rakesha12
1 review
0 helpful votes
August 30th, 2023

Its a scam and they are all over deceiving vulnerable people. Stay vigilant and be sensible enough to engage in such activities.

Thumbnail of user najeebk4
1 review
0 helpful votes
September 14th, 2022

Got a call saying they want to talk to me about investing in gold. As soon as I asked how they got my number, they cut the call

Thumbnail of user gowthamm5
1 review
1 helpful vote
September 26th, 2023

Utrade Markets is Big Scam.
Please don't invest in Utrade. You will lose all your money.
They don't have Office in UAE.
First of all they will say below point to open the trading account.
1. No swap Charges ( But they have Spread charges, with this they will wipedout your account)
2.20% bonus credit ( you cant withdraw this bonus credit, it's not your part of capital. It's just a number)
3. Within 24 hrs withdrawal (before placing your withdrawal you will lose all your money)

1. They don't have swap charges but they spread charges. If you have active trade over the weekend means, they will increase the spread charges ( Difference between Buy & Sell Value)
After market closed. Because of this your floating loss will increase & if dont have free margin means your account will be wiped out completly & you will lose all your money.
After you can see the true colour of your RM (Relationship Manager) - My RM name is Mohamed Ansar

Example:
Platinum/USD:
Before Spread:
Buy Value: 1920.00 Sell Value: 1923.00
After Spread:
Buy Value: 1920.00 Sell Value: 1946.00

If you see the difference above: Before Spread is 3.00 difference & After Spread is 26.00 Difference. So 23.00 got increased.
This changes only done by the Utrade brokers in the MT5 app. They have all the access to increase the spread. They will do this changes after market closed. Only in weekends (Saturday & Sunday)

Spread value is fixed by the brokers only.

Please refer to the attachments, i have uploaded all my proof.
I have lost $4,200/- only because of spread charges. ( Not in the trade)

Don't trust them.

Tip for consumers:
Utrade Markets is Big Scam.
Please don't invest in Utrade. you will lose all your money.
They don't have Office in UAE.
They will give 20% to 35% bonus credit. But there is no use. You can't withdraw that amount. It will not include in your captial amount. All your floating loss will be deduct first from your capital only. Once your captial amount finished your account will be closed. you can't run with your bonus credit. Bonus credit is just a number. It's Completely cheating.

Thumbnail of user sarad622
1 review
10 helpful votes
July 7th, 2022

Recently I got a call from this so called Alfa Sapphire Marketing. Unfortunately I got trapped in their word and Lost almost 150,000 USD.
So what I have understood is as below
Marketing team keep on call you to Join, once you Join and transferred money, you are trapped.
They will assign a dedicated RM (Relationship manager), and he will be calling you afterwards. He will tell you that he is working for 24 securities, but he is actually from Alfa sapphire.
They will tell you to install metatrader 4 Application. He calls you every now and then and tell you buy items from the the application. And show you some profits. Then he will tell you to transfer more amount.
Hearing his word i had to transfer 10,000usd more. Then he bought some items, sell some items. Since I am not at all familiar about these thing, I had to follow what he told blindly. Then he call night 11Pm 12Am and tell you to transfer some more money as your profit margin is less. If it goes below 100% I will loss all the money. So they pushed me a level that I had to put more money not to lost what I had deposited.
Finally he extracted all my earning, and finally i understood that there is no come back and i am going to lose all the money. Then sleepless nights, High pressure, not able to concentrate on work.
When i wanted to visit their office, he is not cooperating, not telling their office and they changed RM when i was stubborn. But no use. Sadly lost all money.
Great experience, it is a scam for sure.

Thumbnail of user usmanhdr5978
1 review
0 helpful votes
June 10th, 2023

I started my Trading business with them and earn lot of profit. As far now they are doing their job great.

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