SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                             -----------------------
                                   FORM 10-Q/A
                                (Amendment No. 1)

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

                  For Quarterly period Ended: June 30, 2008; 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 116C - 930 West 1st Street, North Vancouver, B.C. V7P3N4 Canada
          -------------------------------------------------------------
               (Address of principal executive offices) (Zip Code)

                                 (604 ) 986-9866
                            -------------------------
                           (Issuer's telephone number)

        Indicate by check mark 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
                  ---    ---

         Indicate by check mark whether the registrant is a large accelerated
filer, an accelerated filer, a non-accelerated filer, or a smaller reporting
company. See the definitions of "large accelerated filer", "accelerated filer",
and "smaller reporting company" in Rule 12b-2 of the Exchange Act.

          Large accelerated filer               Accelerated filer
          Non-accelerated filer                 Smaller reporting company |X|

Indicate by check mark whether the registrant is a shell company (as defined in
Rule 12b-2 of the Exchange Act).   Yes |_|   No |X|

        State the number of shares outstanding of the issuer's common equity:
$0.001 par value, as of June 30, 2008, was 51,525,523.

                                        1
<PAGE>
EXPLANATORY NOTE:
-----------------
         This Amendment No. 1 on Form 10-Q/A hereby amends the registrant's
quarterly report on Form 10-Q for the period ended June 30, 2008, which the
registrant filed with the Securities and Exchange Commission on August 14, 2008.
This amendment is being filed in order to restate the registrant's financial
statements for the period ended June 30, 2008 in order to correct certain errors
in its revenue recognition related to one of its advertising contracts.

                              Report on Form 10-Q/A
                       For the Quarter Ended June 30, 2008

                                      INDEX

                                                                          Page
Part I.  Financial Information                                            ----

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

                      Balance Sheets.......................................4-5
                      Statements of Operations ............................6-7

                      Statement of Stockholders' Equity (Deficit)........... 8
                      Statements of Cash Flows............................9-10
                      Notes to the Financial Statements .................11-14


         Item 2.      Management's Discussion and Analysis
                        of Financial Condition and Results of Operation     15

         Item 3.      Quantitative and Qualitative Disclosures About
                      Market Risk                                           17

         Item 4.      Controls and Procedures ............................. 17


Part II. Other Information

         Item 1.      Legal Proceedings ................................... 18

         Item 1A.     Risk Factors                                          19

         Item 2.      Unregistered Sales of Equity Securities
                      And Use of Proceeds                                   19

         Item 3.      Defaults Upon Senior Securities ..................... 20

         Item 4.      Submission of Matters to a Vote of Security Holders . 20

         Item 5.      Other Information ................................... 20

         Item 6.      Exhibits..............................................20

                      Signatures........................................... 21

                      Certifications.....................................22-27

                                        2
<PAGE>


PART I - FINANCIAL INFORMATION






















































                                        3
<PAGE>
                                 ALPHATRADE.COM
                                 Balance Sheets

                                     ASSETS
                                     ------
                                                     June 30,     December 31,
                                                       2008           2007
                                                  -------------- --------------
                                                    (unaudited)
                                                    (restated)
CURRENT ASSETS
 Cash                                             $       3,538  $     153,760
 Accounts receivable                                      6,061         28,047
 Marketable securities-available for sale             1,896,435        658,858
 Marketable securities-available for sale
   related party                                          2,093          5,232
 Prepaid expenses                                        18,093            750
                                                  -------------  -------------
      Total Current Assets                            1,926,220        846,647
                                                  -------------  -------------
PROPERTY AND EQUIPMENT, net                              39,679         45,633
                                                  -------------  -------------
OTHER ASSETS

 Investments, at cost                                   300,000        300,000
                                                  -------------  -------------
      TOTAL ASSETS                                $   2,265,899  $   1,192,280
                                                  =============  =============




























   The accompanying notes are an integral part of these financial statements.
                                        4
<PAGE>
                                 ALPHATARADE.COM
                                 Balance Sheets

                 LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
                 ----------------------------------------------
                                                     June 30,     December 31,
                                                       2008           2007
                                                  -------------- --------------
                                                    (unaudited)
                                                    (restated)
CURRENT LIABILITIES

 Accounts payable and accrued expenses            $   2,005,442  $   2,404,822
 Bank overdraft                                          22,664              -
 Related party payables                               2,459,357      2,190,414
 Deferred revenues                                      367,817      1,130,178
                                                  -------------  -------------
      Total Current Liabilities                       4,855,280      5,725,414
                                                  -------------  -------------
TOTAL LIABILITIES                                     4,855,280      5,725,414
                                                  -------------  -------------
STOCKHOLDERS' EQUITY (DEFICIT)
 Preferred shares: $0.001 par value,10,000,000
  shares authorized: 2,000,000 Class A and
  2,000,000 Class B shares issues and outstanding         4,000          4,000
 Common shares: $0.001 par value,100,000,000
  shares authorized: 51,525,523 and 48,589,773
  shares issues and outstanding,respectively             51,526         48,590
 Stock subscription payable                              45,080         28,500
 Additional paid-in capital                          33,241,922     32,719,057
 Accumulated other comprehensive income              (1,529,552)    (1,647,531)
 Accumulated deficit                                (34,402,357)   (35,685,750)
                                                  -------------  -------------
      Total Stockholders' Equity (Deficit)           (2,589,381)    (4,533,134)
                                                  -------------  -------------
      TOTAL LIABILITIES AND STOCKHOLDERS'
          EQUITY (DEFICIT)                        $   2,265,899  $   1,192,280
                                                  =============  =============


















   The accompanying notes are an integral part of these financial statements.
                                        5
<PAGE>
                                 ALPHATRADE.COM
         Statements of Operations and Other Comprehensive Income (Loss)
                                   (unaudited)
<TABLE>
<S>                              <C>           <C>           <C>           <C>
                                 For the Three Months Ended  For the Six Months Ended
                                           June 30,                  June 30,
                                 --------------------------- ---------------------------
                                      2008         2007          2008         2007
                                 ------------- ------------- ------------- -------------
                                   (restated)                  (restated)
REVENUES
 Subscription revenue            $    787,835  $    751,994  $  1,559,763  $  1,524,655
 Advertising revenue                1,660,240       460,102        68,295       858,469
 Other revenue                         57,743        14,509        95,144        34,688
                                 ------------  ------------  ------------  ------------
     Total Revenues                 2,505,818     1,226,605     4,123,202     2,417,812
                                 ------------  ------------  ------------  ------------
COST OF SALES

 Financial content                    457,094       444,820       940,497       897,114
 Other cost of sales                    1,042         1,307         2,142         2,793
                                 ------------  ------------  ------------  ------------
     Total Cost of Sales              458,136       446,127       942,639       899,907
                                 ------------  ------------  ------------  ------------
GROSS PROFIT                        2,047,682       780,478     3,180,563     1,517,905
                                 ------------  ------------  ------------  ------------
OPERATING EXPENSES
 Management expense                   120,000       120,000       240,000       240,000
 Professional fees                    229,496       604,339       667,988     1,062,164
 Research and development             124,225       100,118       271,703       187,869
 Marketing expense                    258,226       565,094       492,923     1,456,591
 General and administrative            97,540       189,028       254,425       369,825
                                 ------------  ------------  ------------  ------------
     Total Operating Expenses         829,487     1,578,579     1,927,039     3,316,449
                                 ------------  ------------  ------------  ------------
INCOME (LOSS) FROM OPERATIONS       1,218,195      (798,101)    1,253,524    (1,798,544)
                                 ------------  ------------  ------------  ------------
OTHER INCOME (EXPENSE)
 Gain (Loss) on sale of assets        (12,194)      (48,350)      (97,932)      (48,350)
 Gain on settlement of debt           307,972             -       307,972             -
 Interest expense                     (91,691)            -      (180,171)            -
                                 ------------  ------------  ------------  ------------
     Total Other Income
        (Expense)                     204,087       (48,350)       29,869       (48,350)
                                 ------------  ------------  ------------  ------------
NET INCOME (LOSS) BEFORE
  INCOME TAXES                      1,422,282      (846,451)    1,283,393    (1,846,894)

INCOME TAX EXPENSE                          -             -             -             -
                                 ------------  ------------  ------------  ------------
</TABLE>











   The accompanying notes are a integral part of these financials statements.
                                        6
<PAGE>
                                 ALPHATRADE.COM
         Statements of Operations and Other Comprehensive Income (Loss)
                                   (unaudited)
                                   (continued)
<TABLE>
<S>                              <C>           <C>           <C>           <C>
                                 For the Three Months Ended  For the Six Months Ended
                                           June 30,                  June 30,
                                 --------------------------- ---------------------------
                                      2008         2007          2008         2007
                                 ------------- ------------- ------------- -------------
                                   (restated)                  (restated)

NET INCOME (LOSS)                $  1,422,282  $   (846,451) $  1,283,393  $ (1,846,894)
                                 ============  ============  ============  ============
OTHER COMPREHENSIVE INCOME
   (LOSS)                        $    346,331  $   (218,199) $    117,979  $   (227,681)
                                 ------------  ------------  ------------  ------------
TOTAL COMPREHENSIVE INCOME
   (LOSS)                        $  1,768,613  $ (1,064,650) $  1,401,372  $  (2,074,575)
                                 ============  ============  ============  =============
BASIC EARNINGS (LOSS) PER SHARE  $       0.03  $      (0.02) $       0.03  $       (0.04)
                                 ============  ============  ============  =============
COMPREHENSIVE BASIC EARNINGS
  (LOSS) PER SHARE               $       0.04  $      (0.02) $       0.03  $       (0.05)
                                 ============  ============  ============  =============
FULLY DILUTED INCOME (LOSS)
   PER SHARE                     $       0.01  $      (0.02) $       0.01  $       (0.04)
                                 ============  ============  ============  =============
COMPREHENSIVE FULLY DILUTED
  INCOME(LOSS) PER SHARE         $       0.01  $      (0.02) $       0.01  $       (0.05)
                                 ============  ============  ============  =============
BASIC WEIGHTED AVERAGE NUMBER
  OF SHARES OUTSTANDING            50,513,858    42,716,045    50,065,120     41,986,171
                                 ============  ============  ============  =============
FULLY DILUTED WEIGHTED AVERAGE
  NUMBER OF SHARES OUTSTANDING    118,399,208    42,716,045   117,950,470     41,986,171
                                 ============  ============  ============  =============
</TABLE>























   The accompanying notes are a integral part of these financials statements.
                                        7
<PAGE>
                                 ALPHATRADE.COM
                       Statements of Stockholders' Equity
                                   (restated)
<TABLE>
<S>                  <C>       <C>    <C>        <C>     <C>         <C>          <C>           <C>            <C>
                     Preferred Stock     Common Stock    Additional   Stock       Other                            Total
                     ---------------- ------------------ Paid-In     Subscription Comprehensive Accumulated    Stockholder's
                      Shares   Amount   Shares   Amount  Capital     Receivable   Income          Deficit         Equity
                     --------- ------ ---------- ------- ----------- ----------   ------------- -------------  -------------
Balance,
 December 31, 2006   4,000,000 $4,000 40,425,027 $40,425 $30,853,661 $ (30,000)   $   (717,860) $(31,111,747)  $   (961,521)
Common stock issued
 for cash at $0.18
 per share                   -      -  2,287,500   2,288     454,212    28,500               -             -        485,000
Common stock issued
 for services at
 $0.20 per share             -      -  5,877,246   5,877   1,052,066         -               -             -      1,057,943
Value of stock
 purchase warrants
 granted                     -      -          -       -     207,728         -               -             -        207,728
Value of stock
 options issued under
 the 2007 stock
  option plan                -      -          -       -     131,540         -               -             -        131,540
Contributed capital          -      -          -       -      19,850         -               -             -         19,850
Amortization of
 prepaid expense             -      -          -       -           -    30,000               -             -         30,000
Net income for
 the year ended
 December 31, 2007           -      -          -       -           -         -        (929,671)   (4,574,003)    (5,503,674)
                     --------- ------ ---------- ------- ----------- ---------    ------------  ------------   ------------
Balance,
December 31, 2007    4,000,000  4,000 48,589,773  48,590  32,719,057    28,500      (1,647,531)  (35,685,750)    (4,533,134)
Common stock issued
 for cash at $0.20
 per share                   -      -  1,025,000   1,025     188,975    16,580               -             -        206,580
Common stock issued
 for services at
 $0.17 per share             -      -  1,910,750   1,911     319,657         -               -             -        321,568
Value of stock
 purchase warrants
 granted                     -      -          -       -      14,233         -               -             -         14,233
Net income for the
 six months ended
 June 30, 2008               -      -          -       -           -         -         117,979     1,283,393      1,401,372
                     --------- ------ ---------- ------- ----------- ---------    ------------  ------------   ------------
Balance,
 June 30, 2008
 (unaudited)         4,000,000 $4,000 51,525,523 $51,526 $33,241,922 $  45,080    $(1,529,552)  $(34,402,357)  $ (2,589,381)
                     ========= ====== ========== ======= =========== =========    ===========   ============   ============
</TABLE>























  The accompanying notes are an integral part of these financials statements.
                                        8
<PAGE>
                                 ALPHATRADE.COM
                            Statements of Cash Flows
                                  (unaudited)
                                   (restated)
                                                    For the Six Months Ended
                                                             June 30,
                                                   ----------------------------
                                                        2008          2007
                                                   ------------- --------------
CASH FLOWS FROM OPERATING ACTIVITIES
 Net loss                                          $  1,283,393  $  (1,846,894)
 Adjustments to reconcile net loss to
  net cash used by operating activities:
   Depreciation expense                                   9,158          6,673
   Value of stock options and warrants granted           14,233        103,478
   Loss on sale of assets                                97,932         48,350
   Gain on settlement of debt                          (307,972)             -
   Amortization of services prepaid by common
     stock                                                    -         30,000
   Investments received as payment for accounts
     receivable                                      (1,305,809)      (305,750)
   Common stock issued for services                     321,568        308,354
Changes in operating assets and liabilities:
   Proceeds from bank overdraft                          22,664              -
   Changes in accounts receivable                       (25,099)        50,120
   Changes in prepaid expenses                          (17,343)        (6,625)
   Changes in deferred revenues                        (715,276)        60,290
   Changes in related party payables                    268,943        680,417
   Changes in accounts payable and accrued expenses     (91,408)       852,055
                                                   ------------  -------------
      Net Cash Provided by Operating Activities        (445,016)       (19,532)
                                                   ------------  -------------
CASH FLOWS FROM INVESTING ACTIVITIES

 Sale of securities                                      91,418         57,899
 Purchase of fixed assets                                (3,204)        (9,329)
                                                   ------------  -------------
      Net Cash Used by Investing Activities              88,214         48,570

CASH FLOWS FROM FINANCING ACTIVITIES
 Stock subscriptions payable                             16,580              -
 Common stock issued for cash                           190,000         10,000
 Contributed capital                                          -         19,850
                                                   ------------  -------------
      Net Cash Provided by Financing Activities         206,580         29,850
                                                   ------------  -------------
      NET DECREASE IN CASH                             (150,222)        58,888
      CASH AT BEGINNING OF PERIOD                       153,760        147,323
                                                   ------------  -------------
      CASH AT END OF PERIOD                        $      3,538  $     206,211
                                                   ============  =============





The accompanying notes are an integral part of these financial statements.
                                        9
<PAGE>
                                 ALPHATRADE.COM
                            Statements of Cash Flows
                                  (unaudited)
                                   (restated)
                                  (continued)
                                                    For the Six Months Ended
                                                             June 30,
                                                   ----------------------------
                                                        2008          2007
                                                   ------------- --------------
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION

 CASH PAID FOR:

   Interest                                        $     45,640  $           -
   Income Taxes                                    $          -  $           -

 NON CASH FINANCING ACTIVITIES:

   Common stock issued for services and
       contributions                               $    321,568  $     308,354
   Value of stock options and warrants granted     $     14,233  $     103,478


































   The accompanying notes are an integral part of these financial statements.
                                       10
<PAGE>
                                 ALPHATRADE.COM
                        Notes to the Financial Statements

NOTE 1 - CONDENSED FINANCIAL STATEMENTS

         The accompanying financial statements have been prepared by the Company
         without audit.  In the opinion of management,  all  adjustments  (which
         include only normal recurring  adjustments) necessary to present fairly
         the financial  position,  results of operations  and cash flows at June
         30, 2008 and for all periods presented have been made.

         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. It is suggested that these condensed  financial  statements
         be read in conjunction with the financial  statements and notes thereto
         included  in  the  Company's   December  31,  2007  audited   financial
         statements.  The results of  operations  for the periods ended June 30,
         2008 and 2007 are not necessarily  indicative of the operating  results
         for the full years.

NOTE 2 - OUTSTANDING COMMON STOCK OPTIONS AND STOCK PURCHASE WARRANTS

         The Company uses the instruments identified as stock options and common
         stock  warrants   somewhat   interchangeably.   Both  forms  of  equity
         instruments have been granted as compensation to the Company's officers
         and directors.

         Under FASB Statement 123R, the Company estimates the fair value of each
         stock award at the grant date by using the Black-Scholes option pricing
         model. The following  weighted  average  assumptions used for grants in
         the periods ended  December 31, 2007 and June 30, 2008:  dividend yield
         of zero  percent  for all  years;  expected  volatility  of 55.50%  and
         62.01%;  risk-free interest rates of 5.03% and 3.25% and expected lives
         of 1.0 and 1.0, respectively.

         The general terms of awards such as vesting requirements(usually 1 to 2
         years),  term of options  granted  (usually  10  years),  and number of
         shares authorized for grants of options or other equity instruments are
         determined  by the Board of  Directors.  A summary of the status of the
         Company's  stock  options  and  warrants  as of  December  31, 2007 and
         changes  during the periods ended December 31, 2007and June 30, 2008 is
         presented below:
                                           Weighted    Weighted
                                           Options     Average      Average
                                           and         Exercise     Grant Date
                                           Warrants    Price        Fair Value
                                           -----------------------------------
          Outstanding, December 31, 2006   39,822,997  $   0.38     $    0.38
            Granted                        13,618,000      0.25          0.25
            Expired                        (1,130,000)     0.72          0.72
            Exercised                        (740,650)     0.76          0.76

          Outstanding, December 31, 2007   51,570,347  $   0.36     $    0.36

          Exercisable, December 31, 2007   35,925,350  $   0.40     $    0.40

                                       11
<PAGE>
                                 ALPHATRADE.COM
                        Notes to the Financial Statements

NOTE 2 - OUTSTANDING COMMON STOCK OPTIONS AND STOCK PURCHASE WARRANTS
        (Continued)
                                           Weighted    Weighted
                                           Options     Average      Average
                                           and         Exercise     Grant Date
                                           Warrants    Price        Fair Value
                                           -----------------------------------
          Outstanding, December 31, 2007   51,570,347  $   0.36     $    0.36
            Granted                         2,160,000      0.41          0.41
            Expired                          (310,000)     0.15          0.15
            Exercised                        (298,650)     0.25          0.25

          Outstanding, June 30, 2008       53,121,697  $   0.36     $    0.40

          Exercisable, June 30, 2008       37,885,350  $   0.40     $    0.40

NOTE 3 - RESTATED FINANCIAL STATEMENTS

         The Company has restated  its  financial  statements  as of and for the
         period  ended June 30, 2008 to reflect the  reversal of  $2,480,201  of
         advertising    revenues   because   management   concluded   that   the
         collectability  of the subject  fees was not  reasonably  assured.  The
         following   summarized   financial  statements  compare  the  financial
         statements before and after the restatement.

   CURRENT ASSETS                                   (original)     (restated)
     Cash                                          $       3,538 $       3,538
     Accounts receivable                               4,486,482         6,061
     Marketable securities-available for sale          1,896,435     1,896,435
     Marketable securities-available for sale
         related party                                     2,093         2,093
     Prepaid expenses                                     18,093        18,093
                                                   ------------- -------------
     Total Current Assets                              6,406,641     1,926,220
                                                   ------------- -------------
   PROPERTY AND EQUIPMENT, net                            39,679        39,679
                                                   ------------- -------------
   OTHER ASSETS
     Investments, at cost                                300,000       300,000
                                                   ------------- -------------
               TOTAL ASSETS                        $   6,746,320 $   2,265,899
                                                   ============= =============
   CURRENT LIABILITIES
     Accounts payable and accrued expenses         $   2,005,442 $   2,005,442
     Bank overdraft                                       22,664        22,664
     Related party payables                            2,459,357     2,459,357
     Deferred revenues                                 1,482,437       367,817
                                                   ------------- -------------
       Total Current Liabilities                       5,969,900     4,855,280
                                                   ------------- -------------
   TOTAL LIABILITIES                                   5,969,900     4,855,280
                                                   ------------- -------------


                                       12
<PAGE>
                                 ALPHATRADE.COM
                        Notes to the Financial Statements

   STOCKHOLDERS' EQUITY
     Preferred shares: $0.001 par value,10,000,000
      shares authorized: 2,000,000 Class A and
      2,000,000 Class B shares issues and
      outstanding                                          4,000         4,000
     Common shares: $0.001 par value,
      100,000,000 shares authorized: 51,525,523
      shares issues and outstanding                       51,526        51,526
     Stock subscription payable                           45,080        45,080
     Additional paid-in capital                       33,241,922    33,241,922
     Accumulated other comprehensive income           (1,529,552)   (1,529,552)
     Accumulated deficit                             (31,036,556)  (34,402,357)
                                                   ------------- -------------
       Total Stockholders' Equity                        776,420    (2,589,381)

                                                   ------------- -------------
       TOTAL LIABILITIES AND STOCKHOLDERS'
          EQUITY                                   $   6,746,320 $   2,265,899
                                                   ============= =============
   REVENUES
     Subscription revenue                          $   1,559,763 $   1,559,763
     Advertising revenue                               5,048,496     2,468,295
     Other revenue                                        95,144        95,144
                                                   ------------- -------------
       Total Revenues                                  6,703,403     4,123,202
                                                   ------------- -------------
   COST OF SALES
     Financial content                                   940,497       897,114
     Other cost of sales                                   2,142         2,142
                                                   ------------- -------------
       Total Cost of Sales                               942,639       942,369
                                                   ------------- -------------
   GROSS PROFIT                                        5,760,764     3,180,563
                                                   ------------- -------------
   OPERATING EXPENSES
     Management expense                                  240,000       240,000
     Professional fees                                   667,988       667,988
     Research and development                            271,703       271,703
     Marketing expense                                   492,923       492,923
     General and administrative                          354,425       254,425
                                                   ------------- -------------
       Total Operating Expenses                        2,027,039     1,927,039
                                                   ------------- -------------
   INCOME (LOSS) FROM OPERATIONS                       3,733,725     1,253,524
                                                   ------------- -------------
   OTHER INCOME (EXPENSE)
     Gain (Loss) on sale of assets                       (97,932)      (97,932)
     Gain on settlement of debt                          307,972       307,972
     Interest expense                                   (180,171)     (180,171)
                                                   ------------- -------------
       Total Other Income (Expense)                       29,869        29,869
                                                   ------------- -------------


                                       13
<PAGE>
                                 ALPHATRADE.COM
                        Notes to the Financial Statements

   NET INCOME BEFORE INCOME TAXES                      3,763,594     1,283,393

   INCOME TAX EXPENSE                                          -             -
                                                   ------------- -------------
   NET INCOME                                      $   3,763,594 $   1,283,393
                                                   ============= =============
   OTHER COMPREHENSIVE INCOME (LOSS)               $     117,979 $     117,979
                                                   ------------- -------------
   TOTAL COMPREHENSIVE INCOME (LOSS)               $   3,881,573 $   1,401,372
                                                   ============= =============
   BASIC EARNINGS (LOSS) PER SHARE                 $        0.08 $        0.03
                                                   ============= =============
   COMPREHENSIVE BASIC EARNINGS (LOSS)
     PER SHARE                                     $        0.08 $        0.03
                                                   ============= =============
   FULLY DILUTED INCOME (LOSS) PER SHARE           $        0.03 $        0.01
                                                   ============= =============
   COMPREHENSIVE FULLY DILUTED INCOME
     (LOSS) PER SHARE                              $        0.03 $        0.01
                                                   ============= =============
   BASIC WEIGHTED AVERAGE NUMBER
     OF SHARES OUTSTANDING                            50,065,120    50,065,120
                                                   ============= =============
   FULLY DILUTED WEIGHTED AVERAGE NUMBER
     OF SHARES OUTSTANDING                           117,950,470   117,950,470
                                                   ============= =============




























                                       14
<PAGE>
Item 2. Management's Discussion and Analysis of Financial Condition and Results
of Operations

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

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.

Restated Financial Statements

The Company has restated its financial statements as of and for the period ended
June 30, 2008 to reflect the reversal of $2,480,201 of advertising revenues
because management concluded that the collectability of the subject fees was not
reasonably assured.

Results of Operations.

THREE MONTHS ENDED JUNE 30, 2008 and 2007
-----------------------------------------
During the three months ended June 30, 2008, revenue growth was driven by our
increased advertising business. Revenue for 2008's second quarter was
$2,505,818, which is a 104% increase over 2007's second quarter revenue of
$1,226,605. The most substantial growth was advertising and within that category
the largest increase was from referral and repeat business. Advertising revenues
in the second quarter were $1,660,240 in 2008 and $460,102 in 2007. Our
advertising model is unique in the industry because we have a high traffic
website and our audience is comprised of a specific demographic. We are building
a client base of companies that are seeking brand awareness in combination with
building their shareholder base. Our advertising client base is increasing
because we have created relationships with investor and public relations firms
who refer us a lot of new business.

We are focused on increasing the traffic to our stable of websites to ensure our
advertising clients have a large, targeted viewing audience. We just completed a
business networking site www.zenobank.com which provides a forum for companies
and investors to associate using all of the modern, web-based tools available
such as blogs, forums, and chat rooms. Every public company will have complete
and accurate financial data on their profile pages on ZenoBank provided by
AlphaTrade to ensure they are compliant with all regulatory policies with
respect to investor relations.



                                       15
<PAGE>
Our cost of sales for our financial products is directly related to the price of
our financial feeds and content. Some of these costs are fixed monthly fees and
others are based on the number of users or subscribers. As our subscribers
increase, our advertising clients will get more visibility and therefore we will
attract more advertising clients and the price for our advertising services
could increase accordingly. For the second quarter of 2008 our cost of sales was
18% of revenues compared to 36% in 2007. As our advertising revenues increase,
this percentage may become more and more favorable in terms of profitable
operations.

We realized a net income of $1,422,282 for the three months ended June 30, 2008
compared to a loss of $846,451 for the three months ended June 30, 2007. This is
an increase of $2,268,733 and directly related to the referral and long term
business from our established relationships with marketing and public relations
firms.  During the second quarter of 2008, none of our sports partnerships were
active.  In some cases, we terminated the sports sponsorship program for lack of
tangible results and in some cases, we terminated due to breaches. To date in
2008 we paid a total of $100,000 to a number of our sports sponsorship programs.
During 2008 we paid $258,226 to consultants for marketing fees.

Included in professional fees for 2008 are shares of common stock to investor
relations consultants valued at $89,203 compared to $75,989 in 2007 and stock
options to our employees valued at $-0- compared to $93,350 in 2007. The
investor relations consultants bring new advertising clients to the company. We
realized related party compensation expense of $120,000 for both 2008 and 2007.
Our operating expenses decreased to $829,487 in 2008 from $1,578,579 in 2007
because we did not renew our sports sponsorships.

Historically, many of our expenses are paid in shares of our common stock. The
expenses are recorded at the fair value of the shares issued. Excluding these
non cash expenses the income (loss) for the three months ended June 30, 2008 and
2007 would have been $1,511,485 and ($677,112), respectively. The loss in 2007
is almost entirely due to the payments to our sports sponsorships.


SIX MONTHS ENDED JUNE 30, 2008 AND 2007
---------------------------------------
During the six months ended June 30, 2008, revenue growth was driven by our
increased advertising business. Revenue for the first half of 2008 was
$4,123,202, which is a 70% increase over the revenue for the first half of 2007
of $2,417,812. The most substantial growth was advertising and within that
category the largest increase was from referral and repeat business. Advertising
revenues in the first half of 2008 was $2,468,295 compared to $858,469 in 2007.

We are focused on increasing the traffic to our stable of websites to ensure our
advertising clients have a large, targeted viewing audience. We just completed a
business networking site www.zenobank.com which provides a forum for companies
                         ----------------
and investors to associate using all of the modern, web-based tools available
such as blogs, forums, and chat rooms. Every public company will have complete
and accurate financial data on their profile pages on ZenoBank to ensure they
are compliant with all regulatory policies with respect to investor relations.

Our cost of sales for our financial products is directly related to the price of
our financial feeds and content. Some of these costs are fixed monthly fees and
others are based on the number of users or subscribers. As our subscribers

                                       16
<PAGE>
increase, our advertising clients will get more visibility and therefore we will
attract more advertising clients and the price for our advertising services
could increase accordingly. For the first half of 2008 our cost of sales was 29%
of revenues compared to 37% in 2007. As our advertising revenues increase, this
percentage may become more and more favorable in terms of profitable operations.

We realized a net income of $1,283,393 for the six months ended June 30, 2008
compared to a loss of $1,846,894 for the six months ended June 30, 2007. This is
an increase of $3,130,287 and directly related to the referral and long term
business from our established relationships with marketing and public relations
firms.

During the first half of 2008, none of our sports partnerships were active. In
some cases, we terminated the sports sponsorship program for lack of tangible
results and in some cases, we terminated due to breaches. To date in 2008 we
paid a total of $158,445 to a number of our sports sponsorship programs. During
2008 we paid $492,923 to consultants for marketing fees.

Included in professional fees for 2008 are shares of common stock to investor
relations consultants valued at $312,568 compared to $308,354 in 2007 and stock
options to our employees valued at $14,233 compared to $103,478 in 2007. The
investor relations consultants bring new advertising clients to the company. We
realized related party compensation expense of $240,000 for both 2008 and 2007.
Our operating expenses decreased to $1,927,039 in 2008 from $3,316,449 in 2007
because we did not renew our sports sponsorships.

Historically, many of our expenses are paid in shares of our common stock. The
expenses are recorded at the fair value of the shares issued. Excluding these
non cash expenses the income (loss) for the first half of 2008 and 2007 would
have been $1,610,194 and ($1,435,062), respectively. The loss in 2007 is almost
entirely due to the payments to our sports sponsorships.

Liquidity and Capital Resources.

We have consistently been financed through loans from related parties and from
raising capital through private equity offerings. We used $445,016 and $19,532
of cash in our operating activities in the first six months of 2008 and 2007,
respectively. For the six months ended June 30, 2008 and 2007 we received cash
totaling $206,580 and $29,850 from the issuance of our common stock and
contributed capital. We expect that in the next twelve months the cash generated
by our operations will be adequate to cover our operating expenses.

Given the right circumstances, we would entertain a secondary financing if it
would ensure our growth could be greatly fast-tracked otherwise we will focus on
building our business via revenue growth. Currently, we do not have any
definitive plans for a secondary financing.

We currently have no material commitments for major capital expenditures.

Item 3.

Item 4.   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

                                       17
<PAGE>
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 not 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. Management determined that due to the
lack of personnel with adequate knowledge, experience and training of United
States Generally Accepted Accounting Principles, the Company's disclosure
controls and procedures were not effective as of March 31, 2008. 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.

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.

Arena Media Networks LLC v. AlphaTrade.com
Supreme Court of the State of New York, County of New York, Index No. 603406/06
-------------------------------------------------------------------------------

Plaintiff Arena Media Networks LLC ("Arena") commenced this action on or about
October 15, 2007 by the filing of a Summons and Complaint. In the Complaint,
Arena asserts causes of action for breach of contract, account stated and unjust
enrichment against the Company arising from the Company's alleged failure to pay
sums purportedly due Arena pursuant to an agreement in which Arena agreed to
place advertising for the Company.

The Company answered the Complaint on February 1, 2008. In its Answer, the
Company denies the material allegations of the Complaint and asserts numerous
affirmative defenses. This action is presently in the discovery stage. The
Company intends to vigorously defend this action.

Professional Bull Riders, Inc. v. AlphaTrade.com,
United Stated District Court, District of Colorado, Case No. 08-cv-01017 (MSK)



                                       18
<PAGE>
Plaintiff Professional Bull Riders, Inc. ("PBR") commenced this action against
the Company on or about April 15, 2008 in the District Court of Pueblo County,
Colorado, Case No. 2008CV527. The Company removed this action to the United
States District Court for the District of Colorado on May 15, 2008. In its
Complaint, PBR alleges two causes of action arising from the alleged breach of a
Sponsorship Agreement, as amended, and the alleged breach of a settlement
agreement, and seeks damages of over $1,500,000.

The Company denies the material allegations of the Complaint and intends to
vigorously defend this action.


Tommy G Productions, LLC v. AlphaTrade.com,
District Court, Pueblo County, Colorado, Case No. 2008CV1008

Plaintiff Tommy G Productions ("Tommy G") commenced this action against the
Company on or about June 27, 2008 in the District Court of Pueblo County,
Colorado, Case No. 2008CV1008. In its Complaint, Tommy G alleges a cause of
action arising from the alleged breach of a Sponsorship Agreement, and seeks
damages of $30,000.

The Company is required to answer or move with respect to the Complaint on or
before August 10, 2008. The Company denies the allegations of the Complaint and
intends to vigorously defend this action.

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 1A. Risk Factors

N/A

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.

The following unregistered securities have been issued since January 1st, 2008:
                                                 Valued
Date             No. of Shares      Title          At          Reason

Jan./2008       400,000            Common         $0.20       For cash
Jan./2008       440,750            Common         $0.20       For services
Feb./2008       300,000            Common         $0.20       For cash
Feb./2008       480,000            Common         $0.20       For services
March/2008       45,000            Common         $0.20       For services
March/2008       25,000            Common         $0.20       For cash
April/2008       10,000            Common         $0.17       For services
May/2008        520,000            Common         $0.17       For services
June/2008       415,000            Common         $0.17       For services
June/2008       300,000            Common         $0.20       For cash





                                       19
<PAGE>
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.

Item 6. Exhibits.

        (a) Exhibits

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

         Exhibit        31.2 Certification of Principal Accounting Officer
                        Pursuant to Section 302 of the Sarbanses-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













                                       20
<PAGE>
                                   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:    March 19, 2009                                /s/ Penny Perfect
                                                   ----------------------------
                                                   President / Director


Date:    March 19, 2009                               /s/ Katharine Johnston
                                                   ----------------------------
                                                   Principal Accounting Officer






































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