===============================================================================
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                             -----------------------

                                   FORM 10-QSB

           X      QUARTERLY REPORT UNDER SECTION 13 OR 15 (d) OF THE SECURITIES
         -----    EXCHANGE ACT OF 1934

                  For Quarterly period Ended: September 30, 2005; or

         -----    TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                  EXCHANGE ACT OF 1934

                For the transition period _________ to __________

                         Commission File Number: 0-25631


                             -----------------------


                                 ALPHATRADE.COM
         ---------------------------------------------------------------
        (Exact name of small business issuer as specified in its charter)

         Nevada                                               98-0211652
 ------------------------------                             ------------------
(State or other Jurisdiction of                            (I.R.S. Employer
 Incorporation or Organization)                             Identification No.)

          SUITE 1322 - 1111 WEST GEORGIA ST, VANCOUVER BC V6E 4M3 CANADA
          -------------------------------------------------------------
               (Address of principal executive offices) (Zip Code)




                                 (604 ) 681-7503
                            -------------------------
                           (Issuer's telephone number)

        Check whether the issuer (1) filed all reports required to be filed by
Section 13 or 15 (d) of the Exchange Act during the past 12 months (or for such
shorter period that a registrant was required to file such reports), and (2) has
been subject to such filing requirements for the past 90 days.  Yes  X    No
                                                                    ---      ---

        State the number of shares outstanding of the issuer's common equity:
$0.001 par value, as of September 30, 2005, was 27,996,365.

         Transitional Small Business Disclosure Format.         Yes       No  X
                                                                    ---      ---




                                       1
<PAGE>
                              Report on Form 10-QSB
                       For the Quarter Ended September 30, 2005

                                      INDEX

                                                                          Page
                                                                          ----
Part I.  Financial Information

         Item 1.      Financial Statements (unaudited)...................... 3

                      Balance Sheets.......................................4-5
                      Statements of Operations ............................. 6
                      Statement of Stockholders' Equity (Deficit)........... 7
                      Statements of Cash Flows.............................8-9
                      Notes to the Financial Statements .................10-12


         Item 2.      Management's Discussion and Analysis
                        or Plan of Operation .............................. 13

         Item 3.      Controls and Procedures ............................. 14



Part II. Other Information

         Item 1.      Legal Proceedings ................................... 15

         Item 2.      Changes in Securities ............................... 15

         Item 3.      Defaults Upon Senior Securities ..................... 16

         Item 4.      Submission of Matters to a Vote of Security Holders . 16

         Item 5.      Other Information ................................... 16

         Item 6.      Exhibits and Reports on Form 8-K .................... 17

                      Signatures........................................... 17

















                                       2
<PAGE>
PART I - FINANCIAL INFORMATION

Item 1. Financial Statements.

The accompanying balance sheets of Alphatrade.com at September 30, 2005 and
December 31, 2004, and the related statements of operations, stockholders'
equity (deficit) and cash flows for the three months and nine months ending
September 30, 2005 and 2004, have been prepared by our management in conformity
with accounting principles generally accepted in the United States. In the
opinion of management, all adjustments considered necessary for a fair
presentation of the results of operations and financial position have been
included and all such adjustments are of a normal recurring nature. Operating
results for the quarter ended September 30, 2005, are not necessarily indicative
of the results that can be expected for the fiscal year ending December 31,
2005.

















                                 ALPHATRADE.COM

                              FINANCIAL STATEMENTS

                    September 30, 2005 and December 31, 2004




















                                       3
<PAGE>
                                 ALPHATRADE.COM
                                 Balance Sheets

                                     ASSETS
                                     ------

                                                   September 30, December 31,
                                                       2005          2004
                                                   ------------- -------------
                                                    (Unaudited)
CURRENT ASSETS

 Cash                                              $      9,844  $     79,339
 Accounts receivable - trade, net                         8,977           212
 Other receivables, net                                  65,000             -
 Prepaid expenses                                        62,087         1,000
                                                   ------------  ------------
   Total Current Assets                                 145,908        80,551
                                                   ------------  ------------
FIXED ASSETS, NET                                        46,111        29,825
                                                   ------------  ------------
   TOTAL ASSETS                                    $    192,019  $    110,376
                                                   ============  ============
































   The accompanying notes are an integral part of these financial statements.
                                       4

<PAGE>
                                 ALPHATRADE.COM
                           Balance Sheets (Continued)

                 LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
                 ----------------------------------------------

                                                   September 30, December 31,
                                                       2005          2004
                                                   ------------- -------------
                                                    (Unaudited)
CURRENT LIABILITIES

 Accounts payable and accrued expenses             $    189,672  $    379,424
 Related party payables                                 427,326     1,569,680
 Deferred revenue                                       210,686       181,963
                                                   ------------  ------------
   Total Current Liabilities                            827,684     2,131,067
                                                   ------------  ------------
   Total Liabilities                                    827,684     2,131,067
                                                   ------------  ------------
STOCKHOLDERS' EQUITY (DEFICIT)

 Convertible preferred stock: par value
  $0.001 per share; 10,000,000 shares
  authorized, 2,000,000 shares issued
  and outstanding                                         2,000         2,000
 Common stock: $0.001 par value
  100,000,000 shares Authorized:
  27,996,365 and 23,032,365 shares
  issued and outstanding, respectively                   27,996        23,033
 Additional paid-in capital                          25,405,997    23,901,910
 Stock subscription payable                              16,753        16,753
 Stock subscription receivable                         (116,550)     (116,550)
 Accumulated deficit                                (25,971,861)  (25,847,837)
                                                   ------------  ------------
   Total Stockholders' Equity (Deficit)                (635,665)   (2,020,691)
                                                   ------------  ------------
   TOTAL LIABILITIES AND STOCKHOLDERS'
   EQUITY (DEFICIT)                                $    192,019  $    110,376
                                                   ============  ============















   The accompanying notes are an integral part of these financial statements.
                                       5

<PAGE>
                                 ALPHATRADE.COM
                            Statements of Operations
                                   (Unaudited)

                           For the Three Months Ended For the Nine Months Ended
                                   September 30,            September 30,
                            ------------------------- -------------------------
                                2005         2004        2005         2004
                            ------------ ------------ ------------ ------------
REVENUE

 Subscription revenue       $   642,182  $   498,855  $ 1,913,404  $ 1,265,051
 Licensing revenue                    -       18,000       30,000       54,000
 Advertising revenue            135,870        3,100      180,570       14,225
 Other revenue                    8,936            -       11,381            -
                            -----------  -----------  -----------  -----------
   Total Revenue                786,988      519,955    2,135,355    1,333,276
                            -----------  -----------  -----------  -----------
COST OF SALES

 Financial content              353,894      325,178      905,844      900,340

 Other cost of sales              2,167            -        5,645            -
                            -----------  -----------  -----------  -----------
   Total Cost of Sales          356,061      325,178      911,489      900,340
                            -----------  -----------  -----------  -----------
Gross Profit                    430,927      194,777    1,223,866      432,936
                            -----------  -----------  -----------  -----------
EXPENSES

 Management expense             120,000      120,000      360,000      360,000
 Professional fees                9,551       17,781      124,399      310,889
 Research and development        80,850       81,471      191,049      196,874
 Marketing expense              100,954       82,101      326,550      571,708
 General and administrative
  expenses                      143,347       76,706      345,892      231,516
                            -----------  -----------  -----------  -----------
   Total Expenses               454,702      378,059    1,347,890    1,670,987
                            -----------  -----------  -----------  -----------
INCOME (LOSS)
 FROM OPERATIONS                (23,775)    (183,282)    (124,024)  (1,238,051)

INCOME TAX EXPENSE                    -            -            -            -
                            -----------  -----------  -----------  -----------
NET INCOME (LOSS)           $   (23,775) $  (183,282) $  (124,024) $(1,238,051)
                            ===========  ===========  ===========  ===========
NET INCOME (LOSS)
 PER SHARE                  $     (0.00) $     (0.01) $     (0.01) $     (0.06)
                            ===========  ===========  ===========  ===========
WEIGHTED AVERAGE NUMBER
  OF SHARES                  26,691,623   20,841,517   26,214,958   19,737,226
                            ===========  ===========  ===========  ===========




   The accompanying notes are an integral part of these financial statements.
                                       6

<PAGE>
                                 ALPHATRADE.COM
                   Statement of Stockholders' Equity (Deficit)
<TABLE>
<S>                  <C>       <C>    <C>        <C>     <C>          <C>          <C>
                     Preferred Stock     Common Stock    Additional       Net
                     ---------------- ------------------  Paid-In     Subscription  Accumulated
                      Shares   Amount   Shares    Amount  Capital     (Receivable)    Deficit
                     --------- ------ ---------- ------- ------------ -----------  -------------
Balance,
 December 31, 2004   2,000,000 $2,000 23,032,865 $23,033 $23,901,910  $(99,797)    $(25,847,837)

Common stock issued
 for services at an
 average price of
 $0.33 per share
 (unaudited)                 -      -    413,500     413     135,137         -                -

Common stock issued
 for cash at an
 average price of
 $0.35 per share
 (unaudited)                 -      -    150,000     150      52,350         -                -

Common stock issued
 for payables to
 related parties at
 an average price
 of $0.27 per share
 (unaudited)                 -      -  4,400,000   4,400   1,200,600         -                -

Services contributed
 to the Company by
 officers and
 directors
 (unaudited)                 -      -          -       -     120,000         -                -

Stock offering
 costs (unaudited)           -      -          -       -      (4,000)        -                -

Net loss for the
 nine months ended
 September 30, 2005
 (unaudited)                 -      -          -       -           -         -         (124,024)
                     --------- ------ ---------- ------- -----------  --------     ------------
Balance,
 September 30,2005
 (unaudited)         2,000,000 $2,000 27,996,365 $27,996 $25,405,997  $(99,797)    $(25,971,861)
                     ========= ====== ========== ======= ===========  ========     ============
</TABLE>














   The accompanying notes are an integral part of these financial statements.
                                       7

<PAGE>
                                 ALPHATRADE.COM
                            Statements of Cash Flows
                                   (Unaudited)
                                                     For the Nine Months Ended
                                                           September 30,
                                                      -----------------------
                                                          2005        2004
                                                      ----------- -----------
CASH FLOWS FROM OPERATING ACTIVITIES

 Net loss                                             $ (124,024) $(1,238,051)
 Adjustments to reconcile net loss to net
  cash used by operating activities:
   Common stock issued for services and contributions    135,550      744,791
   Contribution of services by officers and directors    120,000            -
   Amortization of services prepaid by common stock            -       27,321
   Depreciation expense                                    6,497       27,817
   Allowance for bad debts                                13,977            -
 Changes in operating assets and liabilities:
   (Increase) decrease in accounts receivable            (17,742)       6,581
   (Increase) in prepaid expenses and other
      receivables                                       (131,087)      (3,724)
   Increase (decrease) in accounts payable and
      accrued expenses                                  (179,752)     117,684
   Increase (decrease) in related party payables          52,646       89,042
   Increase in deferred revenue                           28,723       76,190
                                                      ----------  -----------
     Net Cash Used by Operating Activities               (95,212)    (152,349)
                                                      ----------  -----------
CASH FLOWS FROM INVESTING ACTIVITIES

 Purchase of fixed assets                                (22,783)           -
                                                      ----------  -----------
     Net Cash Used by Investing Activities               (22,783)           -
                                                      ----------  -----------
CASH FLOWS FROM FINANCING ACTIVITIES

 Stock offering costs paid                                (4,000)      (9,700)
 Common stock issued for cash                             52,500      164,256
                                                      ----------  -----------

     Net Cash Provided by Financing Activities            48,500      154,556
                                                      ----------  -----------
NET CHANGE IN CASH                                       (69,495)       2,207

CASH AT BEGINNING OF PERIOD                               79,339        6,562
                                                      ----------  -----------
CASH AT END OF PERIOD                                 $    9,844  $     8,769
                                                      ==========  ===========







   The accompanying notes are an integral part of these financial statements.
                                       8

<PAGE>
                                 ALPHATRADE.COM
                      Statements of Cash Flows (Continued)
                                   (Unaudited)

                                                     For the Nine Months Ended
                                                           September 30,
                                                      -----------------------
                                                          2005        2004
                                                      ----------- -----------

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:

 Interest paid                                        $        -  $        -
 Income taxes paid                                    $        -  $        -

SCHEDULE OF NON-CASH FINANCING ACTIVITIES:

 Common stock issued for services                     $  135,550  $  744,791
 Contribution of services by officers and
   directors                                          $  120,000  $        -
 Common stock issued for extinguishment
   of related party payables                          $1,205,000  $   28,500
 Common stock issued for stock subscription
   receivable                                         $        -  $  146,550
































   The accompanying notes are an integral part of these financial statements.
                                       9

<PAGE>
                                 ALPHATRADE.COM
                        Notes to the Financial Statements
                    September 30, 2005 and December 31, 2004


NOTE 1 - BASIS OF FINANCIAL STATEMENT PRESENTATION

         The accompanying  unaudited financial  statements have been prepared by
         the Company pursuant to the rules and regulations of the Securities and
         Exchange  Commission.  Certain  information  and  footnote  disclosures
         normally included in financial  statements  prepared in accordance with
         accounting  principles  generally  accepted  in the  United  States  of
         America have been  condensed or omitted in  accordance  with such rules
         and  regulations.  The information  furnished in the interim  financial
         statements  include  normal  recurring  adjustments  and  reflects  all
         adjustments,  which, in the opinion of management,  are necessary for a
         fair  presentation of such financial  statements.  Although  management
         believes the disclosures and information presented are adequate to make
         the  information  not  misleading,  it is suggested  that these interim
         condensed  financial   statements  be  read  in  conjunction  with  the
         Company's  most recent audited  financial  statements and notes thereto
         included  in its  December  31,  2004  Annual  Report  on Form  10-KSB.
         Operating  results for the three  months and nine ended  September  30,
         2005 are not necessarily indicative of the results that may be expected
         for the year ending December 31, 2005.

NOTE 2 - GOING CONCERN

         The  Company's  financial   statements  are  prepared  using  generally
         accepted  accounting  principles  applicable  to a going  concern which
         contemplates  the  realization of assets and liquidation of liabilities
         in the normal course of business.  The Company does not have sufficient
         revenues  to cover  operating  costs and has a deficit  in its  working
         capital as well as a deficit in its stockholders' equity.


         In order to continue as a going concern and achieve a profitable  level
         of operations,  the Company will need,  among other things,  additional
         capital  resources  and revenues.  Management's  plans to continue as a
         going concern include the following items:

         1)  Concentrating  its efforts on increasing  the number of subscribers
             to its stock tracking product,  known as e-gate thereby  increasing
             sales.
         2)  Continuing  to increase its gross profit  percentage  by increasing
             sales.
         3)  Converting  related  party  debt to equity  when cash flow does not
             permit cash  payments  which will  decrease  the deficit in working
             capital as well as the deficit in stockholders equity.

         The ability of the Company to continue as a going  concern is dependent
         upon its ability to  successfully  accomplish the plan described in the
         preceding  paragraph and eventually attain profitable  operations.  The
         accompanying  financial  statements do not include any adjustments that
         might be  necessary  if the  Company is unable to  continue  as a going
         concern.

                                       10
<PAGE>
                                 ALPHATRADE.COM
                        Notes to the Financial Statements
                    September 30, 2005 and December 31, 2004

NOTE 3 - SIGNIFICANT EVENTS

         During the nine months ended  September  30, 2005,  the Company  issued
         413,500  shares of common stock valued at an average price of $0.33 per
         share for services.

         During the nine months ended  September  30, 2005,  the Company  issued
         4,400,000  shares of common  stock at an average of $0.27 per share for
         extinguishment of payables to related parties.

         During the nine months ended  September  30, 2005,  the Company  issued
         150,000  shares of common stock valued at an average price of $0.35 per
         share for cash.

         All issuances of common stock for services and debt extinguishment were
         valued  at the  closing  price  of the  common  stock  on the  dates of
         authorization.

NOTE 4 - RELATED PARTY TRANSACTIONS

         The Company receives advances from several related parties on a regular
         basis. During the nine months ended September 30, 2005, related parties
         were repaid  $77,791 by the Company  which  payments were offset by the
         accrual of officer  salaries  of  $240,000  for the nine  months  ended
         September 30, 2005.  Officer salaries of $120,000 for the quarter ended
         March 31, 2005 were forgiven by the contracting  management  companies.
         The  Company  recorded  the value of the  services  as an  expense  and
         contributed  capital.  Accrued  bonuses  and  compensation  to  related
         parties and other  related  party  payables  totaling  $1,205,000  were
         converted  to  4,400,000  shares of common stock during the nine months
         ended September 30, 2005.

         During the three months ended  September 30, 2005,  the Company  earned
         $60,000 in advertising revenue from a related entity.

NOTE 5 - OPTIONS AND WARRANTS

         Under FASB Statement 148, the Company  estimates the fair value of each
         stock award at the grant date by using the Black-Scholes option pricing
         model with the following weighted average  assumptions used for grants,
         respectively;  dividend  yield of zero percent for all years;  expected
         volatility of 151.20% and 0.00%;  risk-free interest rates of 2.14, and
         2.77  percent and  expected  lives of 5.0 and 0.0,  for the nine months
         ended September 30, 2005 and 2004, respectively.

         Had  compensation  cost for the  Company's  stock  options  granted  to
         directors and  employees  been based on the fair value as determined by
         the  Black-Scholes  option  pricing  model at the grant  date under the
         accounting  provisions of SFAS No. 123, the Company would have recorded
         an additional  expense of $1,259,726 and $1,645,000 for the nine months



                                       11
<PAGE>
                                 ALPHATRADE.COM
                        Notes to the Financial Statements
                    September 30, 2005 and December 31, 2004

NOTE 5 - OPTIONS AND WARRANTS (Continued)

         ended September 30, 2005 and 2004, respectively.  Also under these same
         provisions,  the  Company's net loss would have been changed by the pro
         forma amounts indicated below:

                                                   For the Nine Months Ended
                                                          September 30,
                                                  ---------------------------
                                                       2005         2004
                                                  ------------- -------------
      Net loss:
       As reported                                $   (124,024) $ (1,238,051)
       Pro forma                                  $ (1,383,750) $ (2,883,051)

                                                           September 30,
                                                  ---------------------------
                                                       2005         2004
                                                  ------------- -------------
      Basic loss per share:
      As reported                                 $      (0.01) $      (0.06)
      Pro forma                                   $      (0.06) $      (0.15)

         A summary of the status of the Company's  stock options and warrants as
         of  September  30,  2005  and  changes  during  the nine  months  ended
         September 30, 2005 is presented below:

                                                   Weighted  Weighted
                                        Options     Average   Average
                                          and      Exercise  Grant Date
                                        Warrants     Price   Fair Value
                                      ------------ --------  ----------
      Outstanding, December 31, 2004   19,788,812  $   0.46  $     0.46
        Expired/Canceled                  (31,015)    12.50       12.50
        Granted                        14,725,000      0.27        0.27
        Exercised                        (583,500)     0.44        0.44
                                      -----------  --------  ----------
      Outstanding, September 30, 2005  33,899,297  $   0.39  $     0.39
                                      ===========  ========  ==========
      Exercisable, September 30, 2005  25,051,800  $   0.40  $     0.40
                                      ===========  ========  ==========

NOTE 6 - SUBSEQUENT EVENTS

         On October 3, 2005, the Company issued 29,000 shares previously granted
         under the 2003 Stock Option Plan for services rendered.







                                       12
<PAGE>
Item 2. Management's Discussion and Analysis of Financial Condition or Plan of
Operations

The following information should be read in conjunction with the financial
statements and notes thereto appearing elsewhere in this Form 10-QSB.

Forward-looking and Cautionary Statements

This report contains certain forward-looking statements. These statements relate
to future events or our future financial performance and involve known and
unknown risks and uncertainties. These factors may cause our company's, or our
industry's actual results, levels of activity, performance or achievements to be
materially different from those expressed or implied by the forward-looking
statements. In some cases, you can identify forward-looking statements by
terminology such as "may," "will" "should," "expects," "intends," "plans,"
"anticipates," "believes," "estimates," "predicts," "potential," "continue," or
the negative of these terms or other comparable terminology.

These statements are only predictions. Although we believe that the expectations
reflected in the forward-looking statements are reasonable, we cannot guarantee
future results, levels of activity, performance or achievements.

Results of Operations.

Three Months Ended September 30, 2005

During the three months ended September 30, 2005, revenue increased
significantly over the same period of 2004. However the rate of growth for
E-Gate subscriptions was fairly stagnant over the summer months while we focused
on building our new website www.alphatradefn.com . This website is expected to
boost advertising revenue and allow us to seek revenue from additional sources.
This new website is available for the sale of advertising effective November 1,
2005.  Subscription revenue for 2005 was $642,182 which is a 29% increase over
fiscal 2004 subscription revenue of $498,855.  The increase is due mainly to
referrals from existing clients and the expansion of our foreign client base.
Because E-Gate is a high-quality, multi-lingual product that utilizes the latest
in technology, subscribers from all over the world are attracted to our service.
During this quarter we received no revenue from Segoes as Segoes became
insolvent, compared to $18,000 in 2004. However, we recorded a significant
increase in advertising revenues. We earned $135,870 from advertising in 2005
compared to $3,100 in 2004 from the sale of virtual space on our web site and on
our login pages.  Total revenues increased by 51% or $207,033. Most of the
growth was realized from advertising revenues however, we believe that E-Gate
sales will increase as our exposure in the financial marketplace increases.
$60,000 of our advertising revenues came from  Komodo, Inc., with whom we share
common management.

Our cost of sales is the cost of the financial content we provide to our
subscribers. Many of these costs are fixed monthly fees. Others are on a per
user basis. For the third quarter of 2005 our cost of sales for financial
content was 55% of subscription revenues compared to 65% in 2004.






                                       13
<PAGE>
We incurred a net loss of $23,775 for the three months ended September 30, 2005
compared to a loss of $183,282 for the three months ended September 30, 2004.
This is a decrease of $159,507. Management expense, professional fees and
research and development costs have remained constant between 2004 and 2005.
However marketing expense increased by $18,853 in 2005 over 2004. Likewise
general and administrative expenses increased by $66,641.

Nine Months Ended September 30, 2005

During the nine months ended September 30, 2005, revenue significantly increased
over the same period of 2004. Subscription revenue for 2005 was $1,913,404,
which is a 51% increase over 2004 subscription revenue of $1,265,051. The
increase is due mainly to referrals from existing clients and the expansion of
our foreign client base. Because E-Gate is a high-quality, multi-lingual product
that utilizes the latest in technology, subscribers from all over the world are
attracted to our service. In 2005, we also received $30,000 from the licensing
of its technology to Segoes Securities Ltd. and $180,570 from the sale of
advertising space on our web site to other companies. In 2004, we received
$54,000 in licensing fees and $14,225 in advertising fees, respectively. $60,000
of our advertising revenues came from Komodo, Inc., with whom we share common
management.

Our cost of sales is the cost of the financial content we provide to our
subscribers. Many of these costs are fixed monthly fees. Others are on a per
user basis. For the first half of 2005 our cost of sales was 42% of subscription
revenues compared to 68% in 2004.

We incurred a net loss of $124,024 for the nine months ended September 30, 2005
compared to $1,238,051 for the nine months ended September 30, 2004. This is a
decrease of $1,114,027. Included in the loss for 2004 was $360,000 as the
accrued value of compensation to officers and directors for their services. The
officers and directors forgave their right to compensation in the first quarter
of 2005 however the expense was recorded as well as an offsetting contribution
to capital in accordance with United States generally accepted accounting
principles. This resulted in a decrease in related party compensation of
$120,000 for 2005 as accrued to the related party payables. The expense category
has been renamed as management expense from related party compensation to better
reflect the nature of the cost.

Many of our expenses are paid in shares of our common stock. The expenses are
recorded at the fair value of the shares issued. We issued shares valued at
$744,791 in 2004 compared to only $135,550 in 2005. This is primarily the reason
why professional fees expense decreased from $310,889 in 2004 to $124,399 in
2005 and why our marketing expense decreased from $571,708 in 2004 to $326,550
in 2005.

Liquidity and Capital Resources.

We have historically been financed through loans from raising capital through
private equity offerings. We used $95,212 and $152,349 of cash in our operating
activities in the first three quarters of 2005 and 2004, respectively.

For the nine months ended September 30, 2004 we received net cash of $154,556
from the issuance and subscription of our common stock pursuant to Rule 144 and
$48,500 for the same period of 2005. We expect that for the next twelve months
the cash generated by our operations will be adequate to cover our cash flow.

                                       14
<PAGE>
Given the right circumstances, we would entertain a secondary financing if it
would expand our market penetration and bring extra revenue to us. We are
actively seeking acquisition targets and may decide to use our stock as the
compensation for any acquisition. Currently, we do not have any definitive plans
for a secondary financing nor have we identified a specific acquisition target.

We currently have no material commitments for capital requirements. At the
present time we have no need to purchase new equipment or replace the equipment
we are currently using. We believe that our capital infrastructure is adequate
to handle the expected growth in 2005.

We are not aware of any material trend, event or capital commitment, which would
potentially adversely affect liquidity. In the event a material trend develops,
we believe we will have sufficient funds available to satisfy working capital
needs through debt or from funds received from equity sales.

Dependence on Key Personnel

We are dependent on the services of certain key people, i.e. the President/Chief
Executive Officer and the Chief Technology Officer. The loss of these persons or
other key executives or personnel, or the inability to attract and retain the
additional highly skilled employees required for the expansion of our
activities, may have a material adverse effect on our business or future
operations. We do not intend to maintain "Key-man" life insurance on any
executive officers or other personnel at this time.


Item 3. Controls and Procedures

         As of the end of the period covered by this report, we carried out an
evaluation, under the supervision and with the participation of management,
including our chief executive officer and principal financial officer, of the
effectiveness of the design and operation of our disclosure controls and
procedures as defined in Rules 13a-15(e) and 15d-15(e) of the Securities
Exchange Act of 1934. Based upon that evaluation, our chief executive officer
and principal financial officer concluded that our disclosure controls and
procedures are effective to cause the material information required to be
disclosed by us in the reports that we file or submit under the Exchange Act to
be recorded, processed, summarized and reported within the time periods
specified in the SEC's rules and forms. There have been no significant changes
in our internal controls or in other factors which could significantly affect
internal controls subsequent to the date we carried out our evaluation.



PART II - OTHER INFORMATION.

Item 1. Legal Proceedings.

AlphaTrade.com is the Defendant in litigation pending in the Supreme Court of
British Columbia, Canada. This action was filed on December 23, 2003 and is
between Zacks Investment Services, Inc. as Plaintiff and AlphaTrade.com as
Defendant. The case number is 5036907.




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<PAGE>
The Plaintiff alleges that it is owed the sum of $279,664 pursuant to a
licensing Agreement executed by the Plaintiff and the Defendant in 1999.
Alphatrade is agressively defending itself against this claim.

During the year ending December 31, 2002, a company filed an action against
AlphaTrade in the Supreme Court of British Columbia, Canada claiming unspecified
damages. AlphaTrade filed a Statement of Defence in August, 2002. There has been
no further developments in this action. AlphaTrade plans to vigorously defend
itself.

We are subject to potential liability under contractual and other matters and
various claims and legal actions which may be asserted. These matters arise in
the ordinary course and conduct of our business. While the outcome of the
potential claims and legal actions against us cannot be forecast with certainty,
we believe that such matters should not result in any liability which would have
a material adverse effect on our business.

Item 2. Changes in Securities.

The following unregistered securities have been issued since January 1st, 2005:
                                            Valued
Date             No. of Shares    Title       At          Reason

Jan. 10/05          2,000,000    Common      $0.22   Private Placement
Jan. 12/05             25,000    Common      $0.22   Charitable contributions
Feb.  9/05             15,000    Common      $0.24   Services
Mar.  4/05            125,000    Common      $0.30   Services
Mar.  4/05          1,000,000    Common      $0.30   Private Placement
Mar. 21/05             65,000    Common      $0.37   Services
May   2/05            100,000    Common      $0.40   Private Placement
September 1/05         50,000    Common      $0.44   Charitable contributions
September 1/05      1,000,000    Common      $0.37   Services

The above noted shares were issued in private, isolated transactions without
registration under the Securities Act. The shares were issued in reliance on the
exemption provided by Rule 506 and/or Section 4(2) of the Securities Act as a
transaction by an issuer not involving a public offering to Consultants or to
companies owned or controlled by Consultants or Officers of AlphaTrade.



Item 3. Defaults Upon Senior Securities.

        None.



Item 4. Submission of Matters to a Vote of Security Holders.

        None.



Item 5. Other Information.

        None.

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<PAGE>
Item 6. Exhibits and Reports on Form 8-K.

        (a) Exhibits

         Exhibit        31.1 Certification of C.E.O. Pursuant to Section 302 of
                        the Sarbanes-Oxley Act of 2002.

         Exhibit        31.2 Certification of Principal Accounting Officer
                        Pursuant to Section 302 of the Sarbanes-Oxley Act of
                        2002.

         Exhibit 32.1   Certification of C.E.O. Pursuant to 18 U.S.C. Section
                        1350,  as  Adopted  Pursuant  to  Section  906 of the
                        Sarbanes-Oxley Act of 2002

         Exhibit 32.2   Certification   of   Principal   Accounting   Officer
                        Pursuant to 18 U.S.C.  Section 1350, as Adopted
                        Pursuant to Section 906 of the  Sarbanes-Oxley Act of
                        2002



        (b) Report on Form 8-K

              None








                                   SIGNATURES

In accordance with the requirements of the Exchange Act of 1934, the Registrant
has duly caused this report to be signed on its behalf by the undersigned
thereunto duly authorized.




                                                   ALPHATRADE.COM


Date:    11/8/2005                                / s / Penny Perfect
                                                   ----------------------------
                                                   President / Director


Date:    11/8/2005                                / s / Katharine Johnston
                                                   ----------------------------
                                                   Principal Accounting Officer




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