================================================================================
                       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, 2003; 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, 2003, was 17,723,226.

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




                                       1
<PAGE>
                              Report on Form 10-QSB
                       For the Quarter Ended September 30, 2003

                                      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


         Item 2.      Management's Discussion and Analysis
                        or Plan of Operation .............................. 14

         Item 3.      Controls and Procedures ............................. 16



Part II. Other Information

         Item 1.      Legal Proceedings ................................... 16

         Item 2.      Changes in Securities ............................... 16

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

         Item 4.      Submission of Matters to a Vote of Security Holders . 17

         Item 5.      Other Information ................................... 17

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



Signatures................................................................. 18

Certifications...........................................................19-24













                                       2
<PAGE>
PART I - FINANCIAL INFORMATION

Item 1. Financial Statements.

The accompanying balance sheets of Alphatrade.com at September 30, 2003 and
December 31, 2002, related statements of operations for the three and nine
months ended September 30, 2003 and 2002, stockholders' equity (deficit) and
cash flows for the period ending September 30, 2003 and 2002, 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, 2003, are not
necessarily indicative of the results that can be expected for the fiscal year
ending December 31, 2003.



















                                 ALPHATRADE.COM

                              FINANCIAL STATEMENTS

                    September 30, 2003 and December 31, 2002


















                                       3
<PAGE>
                                 ALPHATRADE.COM
                                 Balance Sheets

                                     ASSETS
                                     ------

                                            September 30,  December 31,
                                                2003          2002
                                            -------------  -------------
                                             (Unaudited)
CURRENT ASSETS

   Cash                                     $     55,152   $     30,236
   Accounts receivable - trade, net               13,988         18,011
   Prepaid expenses                                2,327              -
                                            ------------   ------------

     Total Current Assets                         71,467         48,247
                                            ------------   ------------

FIXED ASSETS, NET                                 54,783         76,689
                                            ------------   ------------

OTHER ASSETS

   Related party receivable                           55          5,116
                                            ------------   ------------

     Total Other Assets                               55          5,116
                                            ------------   ------------

     TOTAL ASSETS                           $    126,305   $    130,052
                                            ============   ============






















   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,
                                                2003          2002
                                            -------------  -------------
                                             (Unaudited)

CURRENT LIABILITIES

   Cash overdraft                           $          -   $        268
   Accounts payable                              439,594        410,019
   Related party payable                         855,536        279,931
   Stock subscription payable                     23,853         10,455
   Accrued liabilities                            12,404         12,404
   Deferred revenue                               59,430         44,271
                                            ------------   ------------

     Total Current Liabilities                 1,390,817        757,348
                                            ------------   ------------

     Total Liabilities                         1,390,817        757,348
                                            ------------   ------------

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:
    17,723,226 and 8,545,297 shares issued
    and outstanding, respectively                 17,723          8,545
   Additional paid-in capital                 22,050,038     14,834,992
   Accumulated deficit                       (23,334,273)   (15,472,833)
                                            ------------   ------------

     Total Stockholders' Equity (Deficit)     (1,264,512)      (627,296)
                                            ------------   ------------

     TOTAL LIABILITIES AND STOCKHOLDERS'
      EQUITY (DEFICIT)                      $    126,305   $    130,052
                                            ============   ============








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

                                        5

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


                               For the Three Months      For the Nine Months
                                Ended September 30,      Ended September 30,
                             ------------------------- -------------------------
                                 2003         2002         2003         2002
                             ------------ ------------ ------------ ------------
REVENUE

   Subscription revenue      $   234,137  $   117,365  $   631,720  $   320,676
                             -----------  -----------  -----------  -----------

     Total Revenue               234,137      117,365      631,720      320,676
                             -----------  -----------  -----------  -----------
EXPENSES

   Depreciation expense           11,799       11,377       34,555       34,133
   Rent expense                   12,320       15,965       66,740       62,091
   General and administrative
    expenses                   1,167,995      673,139    8,418,214    2,037,100
                             -----------  -----------  -----------  -----------

     Total Expenses            1,192,114      700,481    8,519,509    2,133,324
                             -----------  -----------  -----------  -----------

LOSS FROM OPERATIONS            (957,977)    (583,116)  (7,887,789)  (1,812,648)
                             -----------  -----------  -----------  -----------
OTHER INCOME (EXPENSES)

   Gain on settlement of debt          -            -            -       19,941
   Interest expense                 (185)     (15,972)      (5,457)     (49,223)
   Other income                   10,226       12,723       31,806       34,664
                             -----------  -----------  -----------  -----------

     Total Other Income
      (Expenses)                  10,041       (3,249)      26,349        5,382
                             -----------  -----------  -----------  -----------


LOSS BEFORE INCOME TAX          (947,936)    (586,365)  (7,861,440)  (1,807,266)
                             -----------  -----------  -----------  -----------
INCOME TAX EXPENSE                     -            -            -            -
                             -----------  -----------  -----------  -----------
NET LOSS                     $  (947,936) $  (586,365) $(7,861,440) $(1,807,266)
                             ===========  ===========  ===========  ===========
NET LOSS PER SHARE           $     (0.05) $     (0.11) $     (0.57) $     (0.56)
                             ===========  ===========  ===========  ===========
WEIGHTED AVERAGE NUMBER
   OF SHARES OUTSTANDING      17,274,050    5,229,960   13,894,048    3,207,655
                             ===========  ===========  ===========  ===========


   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>
                                          Preferred Stock      Common Stock     Additional
                                        ------------------- -------------------   Paid-In    Accumulated
                                          Shares    Amount    Shares    Amount    Capital      Deficit
                                        ---------- -------- ---------- -------- ----------- -------------
Balance, December 31, 2001               2,000,000 $  2,000    846,517 $    847 $ 9,693,254 $(11,236,744)

Common stock issued for cash at
 an average price of $0.15 per share             -        -  1,767,500    1,767     265,428            -
Common stock issued for services at
 an average price of $0.94 per share             -        -  4,030,030    4,030   3,755,589            -
Common stock issued for conversion  of debt
 at an average price of $0.57  per share         -        -  1,901,250    1,901   1,078,407            -
Warrants granted at fair value                   -        -          -        -      42,314            -
Net loss for the year ended
 December 31, 2002                               -        -          -        -           -   (4,236,089)
                                        ---------- -------- ---------- -------- ----------- ------------
Balance, December 31, 2002               2,000,000    2,000  8,545,297    8,545  14,834,992  (15,472,833)

Common stock issued for services and
 contributions at an average price of
 $0.65 per share (unaudited)                     -        -  3,279,000    3,279   2,120,001            -
Common stock issued for payment of bonus
 at $1.03 per share (unaudited)                  -        -  4,000,000    4,000   4,116,000            -
Common stock issued for cash at an average
 price of $0.43 per share (unaudited)            -        -  1,878,929    1,879     794,246            -
Common stock issued for debt
 at  $0.78  per share (unaudited)                -        -     20,000       20      15,580            -
Warrants granted at fair value(unaudited)        -        -          -        -      90,527            -
Options granted at fair value(unaudited)         -        -          -        -      78,692            -
Net loss for the nine months ended
 September 30, 2003 (unaudited)                  -        -          -        -           -   (7,861,440)
                                        ---------- -------- ---------- -------- ----------- ------------
Balance, September 30, 2003 (unaudited)  2,000,000 $  2,000 17,723,226 $ 17,723 $22,050,038 $(23,334,273)
                                        ========== ======== ========== ======== =========== ============
</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,
                                                     ---------------------------
                                                          2003         2002
                                                     ------------- -------------
CASH FLOWS FROM OPERATING ACTIVITIES

 Net loss                                            $ (7,861,440) $ (1,807,266)
 Adjustments to reconcile net loss to net cash used
  by operating activities:
   Common stock issued for services and contributions   6,243,280     1,215,084
   Common stock issued for prepaid services                     -        53,150
   Amortization of services prepaid by common stock             -        11,848
   Compensation on options/ warrants issued at fair
     value                                                169,219        42,314
   Depreciation expense                                    34,555        34,133
   Gain on settlement of debt                                   -       (19,941)
 Changes in operating assets and liabilities:
   (Increase) decrease in accounts receivable               4,023        (1,434)
   (Increase) decrease in accounts receivable
     - related party                                        5,061        (3,416)
   (Increase) in prepaid expenses, net                     (2,327)      (16,760)
   Increase in accounts payable, accrued
    expenses and related party payables                   754,710        76,776
   Increase in deferred revenue                            15,159        16,025
                                                     ------------  ------------
     Net Cash Used by Operating Activities               (637,760)     (399,487)
                                                     ------------  ------------
CASH FLOWS FROM INVESTING ACTIVITIES

 Purchase of fixed assets                                 (12,649)       (5,000)
                                                     ------------  ------------
     Net Cash Used by Investing Activities                (12,649)       (5,000)
                                                     ------------  ------------
CASH FLOWS FROM FINANCING ACTIVITIES

 Increase (decrease) in bank overdraft                       (268)       40,342
 Proceeds from notes payable                                    -             -
 Increase in stock subscription payable                    23,853             -
 Payments to notes payable - related parties               72,045       383,164
 Payments on notes payable - related parties             (216,430)      (52,641)
 Common stock issued for cash                             796,125        30,000
                                                     ------------  ------------
     Net Cash Provided by Financing Activities            675,325       400,865
                                                     ------------  ------------
NET CHANGE IN CASH                                         24,916        (3,622)

CASH AT BEGINNING OF PERIOD                                30,236        20,650
                                                     ------------  ------------
CASH AT END OF PERIOD                                $     55,152  $     17,028
                                                     ============  ============

   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,
                                                     ---------------------------
                                                          2003          2002
                                                     ------------- -------------
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:

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

SCHEDULE OF NON-CASH FINANCING ACTIVITIES:

 Common stock issued for services and contributions  $  6,243,280  $  1,215,084
 Common stock issued for prepaid services            $          -  $     53,150
 Options/warrants issued at fair value               $    169,219  $     42,314
 Common stock issued for debt                        $     15,600  $  1,202,785
 Common stock issued for stock subscription
   receivable                                        $          -  $     95,000

































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

                                        9
<PAGE>
                                 ALPHATRADE.COM
                        Notes to the Financial Statements
                    September 30, 2003 and December 31, 2002

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,  2002  Annual  Report  on Form  10-KSB.
         Operating  results for the nine months ended September 30, 2003 are not
         necessarily indicative of the results that may be expected for the year
         ending December 31, 2003.

NOTE 2 - GOING CONCERN

         The  Company's  financial  statements  are  prepared  using  accounting
         principles   generally   accepted  in  the  United  States  of  America
         applicable to a going concern,  which  contemplates  the realization of
         assets and liquidation of liabilities in the normal course of business.
         The Company has had limited revenues,  has generated significant losses
         from operations and has a deficit in its working capital.

         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. Management's plans include concentrating its efforts
         on building their subscriber base, licensing the Company's  technology,
         raising  additional  capital  through the sale of common  stock  and/or
         through loans from shareholders.  The Company recently licensed some of
         its applications to a company in the investment community to augment or
         enhance their current  service.  A  co-marketing  agreement was entered
         into for this  purpose  (see Note 3). The Company  expects that it will
         need  $300,000 to cover its  negative  cash flow  however,  that figure
         would be  substantially  reduced once revenue starts from the agreement
         in Note 3.  Management has to date,  delivered on many of its plans and
         anticipates that the shortfall will be addressed; however no assurances
         can be given that the plans will be successful.

         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, 2003 and December 31, 2002

NOTE 3 - SIGNIFICANT EVENTS

         During the quarter  ended  September 30, 2003,  the Company  recognized
         compensation  expense  for 62,500  warrants  granted to  investors  and
         consultants  at fair value of $48,648.  The value of the  warrants  was
         calculated  using  the Black  Scholes  option-pricing  model  using the
         following assumptions: discount rate of 1.13%, volatility of 162%, term
         of 1 year,  market  price  on date of  grant of  $1.25  per  share  and
         exercise price of $1.00 and $1.20 per share.

         During the quarter ended  September 30, 2003,  the Company  adopted the
         2003 stock option plan and recognized  compensation expense for 900,000
         options issued to Consultants at a fair value of $78,692.  The value of
         the options was calculated using the Black Scholes option-pricing model
         using the following assumptions:  discount rate of 1.21%, of 155%, term
         of 1 year,  marker  price on date of grant of $0.62 per share and exert
         price of $0.62 per share.

         During the quarter ended September 30, 2003, the Company issued 245,000
         shares of common  stock  valued at an average  price of $0.85 per share
         for services.

         During the quarter ended September 30, 2003, the Company issued 571,429
         shares of common  stock  valued at an average  price of $0.45 per share
         for cash.

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

         On July 10, 2003,  the Company  entered into a  co-marketing  agreement
         with SunGard Market Data Services,  Inc. ("SunGard") and its affiliates
         to  license  the  Company's  financial  applications  to  SunGard.  The
         applications  will be  embedded  into  Sungard's  products  and will be
         accessed directly by SunGard's customers via their Sungard workstation.
         The Company granted a license to SunGard and affiliates for the purpose
         of using the Company's financial applications in combination with their
         own  products.  Pursuant to the  agreement,  the Company  will  provide
         integration  and support  service to SunGard in exchange  for fees.  In
         consideration for the license and applications provided by the Company,
         SunGard  will pay the Company a monthly fee on a per user basis and per
         application. The term of the agreement is for at least one year with an
         automatic renewal for one year, unless terminated by either party.

NOTE 4 - RELATED PARTY TRANSACTIONS

         The Company receives advances from several related parties on a regular
         basis.  During the quarter ended  September 30, 2003,  related  parties
         advanced  $26,944 to the Company for working  capital and paid  related
         parties $37,000 for the repayment of prior advances. Other additions to
         related party payables include accruals of officer salaries of $120,000
         for the  quarter  ended  September  30,  2003 and  bonuses  payable  of
         $120,000 for accrued year-end bonuses.

                                       11
<PAGE>
                                 ALPHATRADE.COM
                        Notes to the Financial Statements
                    September 30, 2003 and December 31, 2002

NOTE 4 - RELATED PARTY TRANSACTIONS (Continued)

         On May 2, 2003, the Company issued officers  4,000,000 shares of common
         stock for exercise of options and  reduction of  $4,120,000  in bonuses
         payable.

         On September  16, 2003,  the Company  issued  1,400,000  options to two
         directors of the Company pursuant to the 2003 stock option plan.

NOTE 5 - OPTIONS

         At September 30, 2003, the Company had authorized the following options
         pursuant to the 2002 stock option plan:

              Exercise              Number           Number         Number
               Price              Authorized       Exercised     Outstanding
          ---------------         ----------       ---------     -----------
          Market value on
           date of grant           1,200,000         887,500         312,500
                                  ----------       ---------     -----------
                                   1,200,000         887,500         312,500
                                  ==========       =========     ===========

         On September  16, 2003,  the Company  adopted the 2003 Stock  Incentive
         Plan to issue options to purchase  2,300,000  shares of common stock to
         employees  and  consultants  at an  exercise  price equal to the market
         price  on the date of grant to vest  25%  immediately  upon  grant  and
         thereafter at the determination of the Board of Directors.  The term is
         to be determined by the Board of Directors on the date of grant.

         At September 30, 2003, the Company had authorized the following options
         pursuant to the 2003 stock option plan:

               Exercise              Number           Number         Number
               Price              Authorized       Exercised     Outstanding
          ---------------         ----------       ---------     -----------
          Market value on
           date of grant           2,300,000               -       2,300,000
                                  ----------       ---------     -----------
                                   2,300,000               -       2,300,000
                                  ==========       =========     ===========

         Had compensation cost for the Company's  stock-based  compensation plan
         been  determined  based on the fair value at the grant dates for awards
         under  such plan  consistent  with the  method of FASB  Statement  123,
         "Accounting  for  Stock-Based  Compensation,"  the Company's net income
         (loss) and earnings (loss) per share would have been reduced to the pro
         forma amounts indicated below:





                                       12
<PAGE>
                                 ALPHATRADE.COM
                        Notes to the Financial Statements
                    September 30, 2003 and December 31, 2002

NOTE 5 - OPTIONS (Continued)
                                                               For the
                                                          Nine Months Ended
                                                             September 30,
                                                      -------------------------
                                                          2003         2002
                                                      ------------ ------------

         Net loss as reported                         $(7,861,440) $(1,807,266)
         Proforma                                      (7,983,849)  (1,849,580)
         Basic and diluted loss per share as reported       (0.57)       (0.56)
         Pro forma                                          (0.57)       (0.58)


NOTE 6 - WARRANTS

         The Company had the following warrants outstanding at September
         30, 2003:

                                       Number of
                             Number of  Shares
            Grant   Exercise Warrants  Exercised/   Total   Expiration
            Date     Price   Granted   Cancelled  Remaining    Date
         ---------- -------- --------- ---------- --------- ----------
         10/19/1999 $  12.50    12,000     10,200     1,800 10/19/2005
           4/7/2000 $  12.50    13,115     13,100        15   4/7/2005
           5/1/2000 $  12.50     3,000          -     3,000   5/1/2005
          7/27/2000 $  12.50    28,000          -    28,000  7/27/2005
          1/23/2002 $   2.15   150,000          -   150,000  1/23/2007
           5/2/2003 $   1.00    75,000          -    75,000   5/2/2004
          7/22/2003 $   1.20    12,500          -    12,500  7/22/2004
          7/22/2003 $   1.00    50,000          -    50,000  7/22/2004
                             --------- ---------- ---------
                               343,615     23,300   320,315
                             ========= ========== =========

NOTE 7 - SUBSEQUENT EVENTS

         On October 15, 2003,  the Company  issued 28,572 shares of common stock
         for cash of $10,000.













                                       13
<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. During the nine months ended September 30, 2003, revenue
significantly increased over the same period of 2002. Revenue for 2003 was
$631,720, which is a 97% increase over fiscal 2001 sales of $320,676. The
increase in revenue is directly attributable to subscriber acceptance of the
E-Gate product. By making E-Gate reliable, cost effective, user friendly and
technologically advanced, Alphatrade has proven that E-Gate can compete in the
financial services business.

The increase in revenues for the quarter ended September 30, 2003 compared to
2002 also reflects the growing acceptance of the E-Gate product even during a
very dismal and poorly performing market. Sales increased by 99% from $117,365
to $234,137, comparing quarter to quarter. We believe that the more our company
aligns itself with established companies such as Sungard, Corp., Bollinger
Capital Management and SEGOES Securities Ltd., the faster our business will
grow.

We incurred a net loss of $7,861,440 for the nine months ended September 30,
2003 compared to $1,807,266 for the nine months ended September 30, 2002.
Included in the loss for 2003 was $6,412,499 as the value of shares and warrants
issued for services and charitable donations. $1,257,398 of the loss in 2002 was
the value of the shares and warrants issued. Excluding these non cash expenses
the losses would have been $1,448,941 and $549,868, respectively. This would be
a 164% increase in our net loss. The increase in general and administrative
expenses for 2003 was mainly the result of the accrual of officer compensation
under the terms of the employment agreements of $6,000,000. We expect to pay
this compensation through the issuance of common stock. We have also paid other
consultants through the issuance of common stock. The shares issued are valued
at the trading price of the common stock on the date of issuance. These expenses
have been somewhat offset by a reduced need for development costs due to the
completion of our product. It also was the result of decreased legal fees due to
settling the WebData lawsuit and an overall reduction in overhead costs.




                                       14
<PAGE>
We incurred a net loss of $947,936 for the three months ended September 30, 2003
compared to $586,365 for the same period of 2002.

Our general and administrative expenses are comprised of standard business
operating expenses and include the issuance of stock for services. In fiscal
2003 we have been devoting more funds to sales and marketing and less to product
development.

Interest expense was $5,457 for the nine months ended September 30, 2003
compared to $49,223 for the same period of 2002. The decrease was a result of
eliminating $1,080,308 in debt in 2002. The debt was to senior officers and
other parties and was settled by the issuance of stock pursuant to Rule 144. We
also recorded a gain on forgiveness of debt of $0 and $19,941 in 2003 and 2002,
respectively. The gain was the result of creditors going out of business thereby
eliminating our need to pay the obligations.

Liquidity and Capital Resources. Alphatrade has consistently been financed
through loans from related parties and from raising capital through private
equity offerings. We used $637,760 and $399,487 of cash in our operating
activities in first nine months of 2003 and 2002, respectively. This was a
increase of 60%. For the nine months ended September 30, 2003 we received cash
totaling $796,125 from the issuance of our common stock pursuant to Rule 144. We
also received $72,045 from related party loans. We expect that in 2004 we will
need between $150,000 and $500,000 to cover operating needs until operating
revenues are adequate to cover cash flow. Management intends to license our

technology to companies in the investment community for cash and to continue to
receive loans from shareholders to meet these needs.

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 2003.

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 and
the Chief Executive 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.


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<PAGE>
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 a lawsuit by Victor Cardenas, a
former Director and Officer of AlphaTrade. The dispute is with respect to
consulting fees, which Mr. Cardenas alleges is owed to him for a period in 2001.
The amount is non-material and we have filed a defense with respect to this
action.

Item 2. Changes in Securities.

The following unregistered securities have been issued since July 1st, 2003:
                                                 Valued
Date             No. of Shares      Title          At          Reason

July 22/03             20,000      Common         $1.25      Services
July 22/03             50,000      Common         $1.25      Charitable Donation
July 22/03             25,000      Common         $0.60      Private Placement
July 22/03            100,000      Common         $0.55      Private Placement
July 22/03            107,500      Common         $0.45      Private Placement
July 22/03             45,000      Common         $1.25      Services
Aug. 20/03             20,000      Common         $0.85      Services
Sept. 3/03             30,000      Common         $0.78      Services
Sept. 11/03            25,000      Common         $0.81      Services
Sept. 23/03            71,429      Common         $0.35      Private Placement
Sept. 23/03            10,000      Common         $0.70      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.


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<PAGE>
Item 4. Submission of Matters to a Vote of Security Holders.

        None.


Item 5. Other Information.

On May 16th, 2002 AlphaTrade released the Global Trading Platform which is a
state of the art online trading platform which is being offered to brokerage
firms and financial institutions. It is a professional trading interface that
integrates with their existing back office in less than 7 days. By combining
competitive pricing with our stock quote system AlphaTrade is able to sign up
new customers and generate subscription based revenue. On December 15, 2002
AlphaTrade signed an agreement with SEGOES Securities, Ltd. to implement the
global trading platform within the first quarter of 2003.
AlphaTrade signed an agreement on November 20, 2002 with Bollinger Capital
Management. AlphaTrade will be the first company to implement Mr. Bollinger's
new charting algorithms. We expect this will bring a whole new group of
subscribers for our E-Gate services.
On July 10, 2003, AlphaTrade entered into a co-marketing agreement with SunGard
Market Data Services, Inc. and its affiliates to license our financial
applications to SunGard. The applications will be embedded into Sungard's
products and will be accessed directly by SunGard's customers via their Sungard
workstation. We granted a license to SunGard and affiliates for the purpose of
using our financial applications in combination with their own products.
Pursuant to the agreement, we will provide integration and support service to
SunGard in exchange for fees. In consideration for the license and applications
provided by us, SunGard will pay us a monthly fee on a per user basis and per
application.
The term of the agreement is for at least one year with an automatic renewal for
one year, unless terminated by either party.

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 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


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<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:    11/13/2003                                / s / Penny Perfect
                                                   ----------------------------
                                                   President / Director



Date:    11/13/2003                                / s / Brooke Styba
                                                   ----------------------------
                                                   Principal Accounting Officer




































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