Alor

Cheated by a financial organization, does not withdraw money? Do you want to check the financial company?

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    One of the main fraudulent brokers - reviews of Alor from former clients, review of the money pumping scheme

    Alor is a Russian stock broker. Year of registration: 1997. At first it was an investment company. Then she acquired three licenses (brokerage, dealer and depository), and later – permission to manage securities. This is a complete set of documents necessary for traders to work comfortably in the financial markets.

    The trickster “Alor” knows how to make money. For 6 months of 2023, its income amounted to half of its capitalization. Total revenue exceeded ₽ 750 million. It is important to understand: all this is due to the loss of clients.

    The Alor scam charges wild commissions to line its pockets. Its managers sell useless services that lead to losses. For example, trust management. Honest reviews are filled with complaints: because of him, the depot is rapidly becoming shallow.

    Status

    SCAM

    Year of foundation

    1997

    Affiliate program

    Yes

    Regulation and jurisdiction

    RF CB

    Peculiarities

    Alor’s pool of instruments included assets from the MICEX, St. Petersburg and its own structured products. There is no complete list. The client can only guess what he will have to deal with after registration. Just for this you need to be blacklisted.

    Trading conditions come down to numerous commissions for each sneeze. Including for forced closure of positions. Reviews warn: Alor will easily close the position whenever it wants, and will charge an additional commission for it.

    The deposit and withdrawal methods provided by the Alor broker are typical for Russian brokers. We are talking about a bank transfer, a card, a mobile application.

    The scammer does not give deadlines for enrollment or the amount of commissions. Although it promises to process withdrawal orders for free, it does not say anywhere how much the transaction will cost.

    Website

    alorbroker.ru

    Contacts

    Country: Russian Federation

    Moscow city

    Address: st. Shabolovka, building 31g, 5th entrance, 4th floor (entrance from Shabolovka street)

    Phone: +7 800 775-11-99

    Pros
    • Ru-version of the site
    • Registration and regulation in the Russian Federation
    • Low barrier to entry
    Cons
    • Inflated commissions
    • Poor terminal operation
    • Forcing unprofitable investments
    Trading Platform

    ASTRAS, TradingView, Alor-Fast, Alor-Trade, QUIK, TSLab, Atentis

    Types of accounts

    “Welcome!”, “Professional”, “Assistant”, “Active”, “Unified”, “Derivatives Market. Standard”, “Derivatives Market. Active”, “Derivatives Market. Smart”, “Derivatives Market. Night”, “Currency”

    Currency

    RUB

    Deposit/withdrawal

    Card, bank transfer, broker’s cash desk

    Min Deposit

    ₽0

    Leverage

    1:20

    PAMM

    Trust management

    Min order

    1 micro-lot

    Financial Instruments

    Stock, currency, derivatives markets

    Peculiarities

    Russian stock broker has been cleaning the pockets of Russians with inflated commissions for 27 years

    Bonus

    Yes

    Alor Review

    Alor is a Russian stock broker. Year of registration: 1997. At first it was an investment company. Then she acquired three licenses (brokerage, dealer and depository), and later – permission to manage securities. This is a complete set of documents necessary for traders to work comfortably in the financial markets.

    The trickster “Alor” knows how to make money. For 6 months of 2023, its income amounted to half of its capitalization. Total revenue exceeded ₽ 750 million. It is important to understand: all this is due to the loss of clients.

    The Alor scam charges wild commissions to line its pockets. Its managers sell useless services that lead to losses. For example, trust management. Honest reviews are filled with complaints: because of him, the depot is rapidly becoming shallow.

    Alor’s pool of instruments included assets from the MICEX, St. Petersburg and its own structured products. There is no complete list. The client can only guess what he will have to deal with after registration. Just for this you need to be blacklisted.

    Trading conditions come down to numerous commissions for each sneeze. Including for forced closure of positions. Reviews warn: Alor will easily close the position whenever it wants, and will charge an additional commission for it.

    The deposit and withdrawal methods provided by the Alor broker are typical for Russian brokers. We are talking about a bank transfer, a card, a mobile application.

    The scammer does not give deadlines for enrollment or the amount of commissions. Although it promises to process withdrawal orders for free, it does not say anywhere how much the transaction will cost.

    Terms of cooperation. How can you make money with Alor?

    Fake broker “Alor” offers investments:

    • in securities;
    • futures and options;
    • currencies;
    • precious metals.

    There is no complete list of assets. That is, the trader will not understand which exchanges he can work on.

    In addition, the Alor scammer is trying to mislead in order to heat up. Dodger shows screenshots of analytics tools when working in foreign markets where he does not have access.

    Rating Forex warns: the maximum that Alor can offer is MICEX and St. Petersburg. That is, strictly Russian exchanges. The bit pretends that the range of exchanges is wider than it really is.

    Alor has a carload of tariffs for different markets. For example, for securities there are 5 options:

    • “Welcome!”. For a turnover of up to RUB 500,000, the commission is 0.017%. If it is higher – 0.08%. When the broker is honest, the fee decreases as turnover increases. For our hero, everything is the opposite.
    • “Professional”. Commission – from 0.04% to 0.025%. The exact figure is dictated by turnover. The larger the volume of transactions, the lower the fee will be.
    • “Assistant”. Commission – 0.2%.
    • “Active”. Commission – from 0.08% to 0.01%. The exact figure depends on the daily turnover.
      “Single”. Commission – 0.1%.

    The abundance of tariffs that are similar to each other is amazing. It is not clear why they are needed.

    What is the difference between “Professional” and “Active” is still a mystery. In “Assistant”, the trickster promises the service “Assistant”. The essence comes down to providing ideas for trading. There is no fixed service fee at United. The purpose of this account is questionable.

    Alor does not charge a commission for replenishment. This is done by the payment system. You will have to pay for withdrawal. You need to unfasten from 0.5% to 10%.

    Rating Forex comment: the highest commission is charged when you try to withdraw more than RUB 10 million in cash from a broker’s office. You’ll have to pay a whole million. This is the first time such cannibalistic gatherings have occurred.

    Registration and regulation

    The Alor broker website is managed by ALOR + LLC. According to the documents, the company was registered in 1997. At the same time, the Alor website talks about the start in 1993. That is, he is blatantly lying about his age.

    The hero of our review did not immediately receive the right to work as a broker. The first license was issued in 2001. There is an opinion: before this, Lovchila was involved in investments.

    At the time of preparing this review of licenses, Alor has 4:

    • broker,
    • depository,
    • dealer,
    • securities manager.

    The latter is used very actively.

    The Alor scam is pushing trust management wherever it can. It doesn’t matter to him that his services only bring people a loss, because the managers cannot earn anything. Sharashka doesn’t care about this. The main thing is to line your pockets.

    This is a legal company that can honestly serve its customers. Instead, she decided not to care about her reputation and make money.

    To lure the scammer “Alor” even sells low commissions for beginners. Poor marketing says only one thing: in any case, the bit will receive everything that is due from client funds.

    How Alor scams money

    Since Alor is a legal broker, its capabilities are very limited. You can’t steal money directly. Therefore, the trickster sets inflated fees. As a result, trader income is lower and losses are higher.

    At the same time, the sharashka does not bother with the quality of service. It offers a dozen terminals, but they all work very poorly. Constant failures and slippages lead to traders incurring losses rather than making profits.

    The scammer places its biggest bet on managers. They have a death grip on each client and actively milked:

    • persuaded to invest in useless services;
    • they slip in the most expensive and unprofitable accounts for trading;
    • they ignore the client’s needs for the sake of income statistics.

    In addition, managers are very actively promoting trust management. They promise:

    • fat profit – from 25%;
    • detailed reporting.

    There actually are reports. It is clear that managers do not think at all about capital management strategies. They open trades at random. The result is losses.

    Rating Forex comment: reviews make it clear that instead of complex strategies and structured products, Alor managers buy shares, hold them for some time, and then sell them. Usually the selling price is lower than the buying price. This leads to losses. Sharashka can lose half of the deposit.

    Expert opinion

    Eugene Rudenko

    The official website of Alor is alorbroker.ru. At first glance, it looks very modern and offers many possibilities. Only if you look into it, there is a very greedy sharashka behind him. Its goal is to drain everyone who opens their “Personal Account”.

    Alor sells trust management, which brings huge losses. He also imposes commissions on traders and does everything to make them part with their hard-earned money faster.

    Opening a “Personal Account” with Alor means getting arrogant, useless managers, problems with withdrawing money and a whole bunch of useless additional services for which you constantly have to pay. Sharashka will not miss a single opportunity to empty his pockets.

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    Reviews about "Alor"

    The Alor scam has been afloat for almost 26 years, although it says it’s 30. It dates back to 1993, when it didn’t even have a license. During this time, he managed to receive a lot of reviews. Most of them are neutral. People say: a swindler doesn’t have enough stars in the sky, but in general it’s possible to trade.

    At the same time, because of Alor they are left without money. There are many victims. For example, a person complained to otzovik.com: a year ago he connected an investment strategy to the bit (this is a type of trust management). He was promised 25% per annum.

    The poor guy held out ₽ 150,000. I decided to wait so as not to spoil my nerves with unsuccessful positions, which could well have slipped through the hands of the managers.

    A year has passed. The author of the review opened an account and saw: 150,000 wooden ones turned into 75,000. 50% of the deposit evaporated.

    The details of the transactions showed that the managers of the scammer “Alor” did not close a single profitable position. Every single one of them went into the red. In fact, the dodgers were chasing capital and charging for their services.

    The man is upset, but is sure that he got off lightly. There are investors who have entrusted much more money. The losses for these poor people are higher.

    It may seem that the Alor scammer began to lose ground only in recent years due to the general decline in markets. But, as reviews on ratingfx.com show, there has always been a disregard for clients’ money, as well as for themselves.

    One woman writes: her husband invested more than RUB 2 million in shares. After his death, there were only ₽550,000 worth of securities. Representatives of the Alor scammer refuse to explain how this happened.

    Moreover, the dodger does not give back even ₽ 550,000 for more than 4 months. The woman intends to contact the prosecutor’s office to solve the problem.

    There is a person who traded with the scam broker Alor for a month and ended up in the red. The trading terminal crashed non-stop. The execution of positions was slow and unstable. It takes 10 to 15 seconds to process an order, which is very long.

    The poor guy handed over ₽10,000 to the fake broker Alor. There was only ₽4,000 left. This despite the fact that at some point he turned out to be in profit. But it all ended with a loss.

    According to the victim, technically the intermediary is very weak. There are huge problems with withdrawing money balances. I had to wait more than 3 days. He gave everything he had to the bit, but with a fight.

    There is a person who has ₽ 4000 stuck in his trading account. The withdrawal request is being processed. It’s been hanging for over a week. This is a lot even for a bank transfer.

    At the same time, the support says only one thing: you need to be patient and wait. How much is unknown. The poor guy filed a claim with the finance department. I haven’t received a response yet.

    There are complaints about rotten scams instead of trade on finotzyvy.com. The author of one of them is sure that Alor is a scammer and a leaker. The trickster plays the fool very carefully:

    • does not allow execution of pending orders;
    • ignores stop losses, limits and take profits.

    The execution is very delayed. Doesn’t always work. The terminal regularly slows down and freezes.

    At first glance, the losses are small. But absolutely everyone who opens a “Personal Account” with Alor has a loss. The sums are impressive. Rating Forex warns: all this cabbage goes into the scammer’s pocket.

    The reviews warn that anyone who hands the fake Alor broker an entrance ticket must be prepared:

    • to spontaneously opening transactions;
    • problems with the terminal;
    • support, which is simply impossible to reach.

    People say: all traders with brains left Alor long ago. They went to those who offer better conditions and don’t steal money.

    The Central Bank of the Russian Federation fined the sharashka as many as 3 times. The regulator discovered a lot of violations. Despite the fines, the Alor scammer behaves as if it is not afraid of anything or anyone. The trickster is openly throwing away money. And he has no doubt that nothing will happen to him for this. You need to run away from such garbage dumps with your heels sparkling. Otherwise, your pockets will quickly become empty.

    It is very easy to get the Alor scammer to withdraw money. To quickly get your capital back, you need to complain to Rating Forex. All legal consultations are free.

    Conclusions

    There is no point in contacting Alor. The company is trying to pretend to be a high-tech, modern broker, coming up with dozens of accounts for different instruments. Under all this tinsel lies the bit:

    • with incompetent staff;
    • weak technological base;
    • useless technical support;
    • inflated prices for services.

    There is a price to pay for every step. Moreover, the price is unreasonably high.

    Alor targets newbies. The Dodger promises minimal commissions for a certain period of time. The goal is to lure the noose and wait for it to drain.

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    FAQ

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    Does the opinion of a broker's clients affect its reputation?

    The company’s rating and reputation largely depend on whether its clients are satisfied. The reviews about Alor are not the most flattering, and therefore you should take a close look at them before deciding to cooperate with this platform.

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    How to write a review about cooperation with Alor on the website?

    To add a review of this company on the resource, you do not need to spend a lot of time. The whole procedure takes no more than 5 minutes, and this is already with registration. A letter with a link to confirm registration will be sent to your e-mail, and it will also contain detailed instructions on how to add a review to the site.

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