Alor

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.