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

                                    FORM 10-Q

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

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

                                 (604 ) 986-9866
                            -------------------------
                           (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, 2008, was 52,056,023.

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






                                        1
<PAGE>
                               Report on Form 10-Q
                       For the Quarter Ended September 30, 2008

                                      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)..........8-9
                      Statements of Cash Flows...........................,, 10
                      Notes to the Financial Statements .................11-12


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

         Item 3.      Controls and Procedures ............................. 17



Part II. Other Information

         Item 1.      Legal Proceedings ................................... 17

         Item 2.      Changes in Securities ............................... 18

         Item 3.      Defaults Upon Senior Securities ..................... 19

         Item 4.      Submission of Matters to a Vote of Security Holders . 19

         Item 5.      Other Information ................................... 19

         Item 6.      Exhibits and Reports on Form 8-K .................... 19

                      Signatures........................................... 20

                      Certifications.....................................21-27















                                        2
<PAGE>

PART I - FINANCIAL INFORMATION


Item 1.  Financial Statements (unaudited)




















































                                        3
<PAGE>
                                 ALPHATRADE.COM
                                 Balance Sheets

                                     ASSETS
                                                  September 30,   December 31,
                                                       2008          2007
                                                  -------------  --------------
                                                   (unaudited)
CURRENT ASSETS
 Cash                                             $        355   $     153,760
 Accounts receivable                                 4,293,267          28,047
 Marketable securities-available for sale            2,370,478         658,858
 Marketable securities-available for sale
      related party                                      2,093           5,232
 Prepaid expenses                                        8,900             750
                                                  ------------   -------------
      Total Current Assets                           6,675,093         846,647
PROPERTY AND EQUIPMENT, net                             50,467          45,633
                                                  ------------   -------------
OTHER ASSETS
 Investments, at cost                                  300,000         300,000
                                                  ------------   -------------
      TOTAL ASSETS                                $  7,025,560   $   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)


                                                  September 30,   December 31,
                                                       2008          2007
                                                  -------------  --------------
                                                   (unaudited)
CURRENT LIABILITIES
 Accounts payable and accrued expenses            $  2,091,429   $   2,404,822
 Bank overdraft                                         16,038               -
 Related party payables                              2,626,573       2,190,414
 Deferred revenues                                   1,438,994         244,578
                                                  ------------   -------------
      Total Current Liabilities                      6,173,034       4,839,814
                                                  ------------   -------------
TOTAL LIABILITIES                                    6,173,034       4,839,814

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: 52,506,023 and 48,589,773
   shares issues and outstanding,respectively           52,056          48,590
 Stock subscription payable                             45,080          28,500
 Additional paid-in capital                         33,465,069      32,719,057
 Accumulated other comprehensive income             (1,828,951)     (1,647,531)
 Accumulated deficit                               (30,884,728)    (34,800,150)
                                                  ------------   -------------
      Total Stockholders' Equity/(Deficit)             852,526      (3,647,534)

      TOTAL LIABILITIES AND STOCKHOLDERS'
                EQUITY/(DEFICIT)                  $  7,025,560   $    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 Nine Months Ended
                                      September 30,           September 30,
                               -------------------------  -------------------------
                                   2008         2007          2008          2007
                               ------------ ------------  ------------ ------------
REVENUES
 Subscription revenue          $   757,287  $   773,818   $ 2,317,050  $ 2,298,473
 Advertising revenue               861,203      817,523     5,909,699    1,675,992
 Other revenue                      49,409       19,037       144,553       53,725
                               -----------  -----------   -----------  -----------
   Total Revenues                1,667,899    1,610,378     8,371,302    4,028,190
                               -----------  -----------   -----------  -----------
COST OF SALES
 Financial content                 490,615      364,973     1,431,112    1,262,087
 Other cost of sales                   396        1,082         2,538        3,875
                               -----------  -----------   -----------  -----------
   Total Cost of Sales             491,011      366,055     1,433,650    1,265,962
                               -----------  -----------   -----------  -----------
GROSS PROFIT                     1,176,888    1,244,323     6,937,652    2,762,228
                               -----------  -----------
OPERATING EXPENSES
 Management expense                120,000            -       360,000      240,000
 Professional fees                 216,500       49,609       884,488    1,111,773
 Research and development          123,841      139,971       395,544      327,840
 Marketing expense                 146,899    1,819,988       639,822    3,276,579
 General and administrative        275,401      268,242       629,826      638,067
                               -----------  -----------   -----------  -----------
   Total Operating Expenses        882,641    2,277,810     2,909,680    5,594,259
                               -----------  -----------   -----------  -----------
INCOME (LOSS) FROM OPERATIONS      294,247   (1,033,487)    4,027,972   (2,832,031)
                               -----------  -----------   -----------  -----------
OTHER INCOME (EXPENSE)
 Gain (Loss) on sale of assets     (47,215)    (114,771)     (145,147)     (48,350)
 Gain on settlement of debt              -            -       307,974            -
 Interest expense                  (95,206)           -      (275,377)           -
                               -----------  -----------   -----------  -----------
   Total Other Income (Expense)   (142,421)    (114,771)     (112,550)     (48,350)
                               -----------  -----------   -----------  -----------
NET LOSS BEFORE INCOME TAXES       151,826   (1,148,258)    3,915,422   (2,880,381)

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 Nine Months Ended
                                      September 30,           September 30,
                               -------------------------  -------------------------
                                   2008         2007          2008          2007
                               ------------ ------------  ------------ ------------
NET LOSS                       $   151,826  $(1,148,258)  $ 3,915,422  $(2,880,381)
                               ===========  ===========   ===========  ===========
OTHER COMPREHENSIVE INCOME
    (LOSS)                     $  (527,751) $         -   $  (181,420) $  (342,452)
                               -----------  -----------   -----------  -----------
TOTAL COMPREHENSIVE INCOME
    (LOSS)                     $  (375,925) $(1,148,258)  $ 3,734,002  $(3,222,833)
                               ===========  ===========   ===========  ===========
BASIC EARNINGS (LOSS)PER SHARE $      0.00  $     (0.03)  $      0.08  $     (0.07)
                               ===========  ===========   ===========  ===========
COMPREHENSIVE BASIC
    EARNINGS (LOSS) PER SHARE  $     (0.01) $     (0.03)  $      0.07  $     (0.07)
                               ===========  ===========   ===========  ===========
FULLY DILUTED INCOME
    (LOSS) PER SHARE           $      0.00  $     (0.03)  $      0.03  $     (0.07)
                               ===========  ===========   ===========  ===========
COMPREHENSIVE FULLY DILUTED
    INCOME (LOSS) PER SHARE    $     (0.00) $     (0.03)  $      0.03  $     (0.07)
                               ===========  ===========   ===========  ===========
BASIC WEIGHTED AVERAGE NUMBER
  OF SHARES OUTSTANDING         51,708,336   44,613,473    50,616,857   43,029,594
                               ===========  ===========   ===========  ===========
FULLY DILUTED WEIGHTED AVERAGE
NUMBER OF SHARES OUTSTANDING   118,685,186   44,613,472   117,593,707   43,029,594
                               ===========  ===========   ===========  ===========
</TABLE>




















   The accompanying notes are a integral part of these financials statements.

                                        7
<PAGE>
                                 ALPHATRADE.COM
                  Statements of Stockholders' Equity/(Deficit)
<TABLE>
<S>          <C>       <C>    <C>        <C>     <C>         <C>        <C>           <C>           <C>
              Preferred Stock    Common Stock    Additional   Stock         Other                     Total
             ---------------- ------------------  Paid-In  Subscription Comprehensive  Accumulated  Stockholders'
               Shares  Amount   Shares    Amount  Capital     Payable       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)   (3,688,403)   (4,618,074)
             --------- ------ ---------- ------- ----------- --------   ------------  ------------  ------------
Balance,
December
31, 2007     4,000,000  4,000 48,589,773  48,590  32,719,057   28,500     (1,647,531)  (34,800,150)   (3,647,534)

Common stock
issued for
cash at
$0.20 per
share                -      -  1,075,000   1,075     196,425   16,580              -             -       214,080
</TABLE>
















   The accompanying notes are a integral part of these financials statements.

                                        8
<PAGE>
                                 ALPHATRADE.COM
                  Statements of Stockholders' Equity/(Deficit)

<TABLE>
<S>          <C>       <C>    <C>        <C>     <C>         <C>        <C>           <C>           <C>
              Preferred Stock    Common Stock    Additional   Stock         Other                     Total
             ---------------- ------------------  Paid-In  Subscription Comprehensive  Accumulated  Stockholders'
               Shares  Amount   Shares    Amount  Capital     Payable       Income       Deficit       Equity
             --------- ------ ---------- ------- ----------- ---------  ------------- ------------- -------------

Common stock
issued for
services at
$0.17 per share      -      -  2,391,250   2,391     392,210        -              -             -       394,601

Value of stock
purchase
 warrants
granted              -      -          -       -      14,233        -              -             -        14,233
Value of stock
options issued
under stock
option plans         -      -          -       -     143,144        -              -             -       143,144

Net income for
the nine months
ended September
30, 2008             -      -          -       -           -        -       (181,420)    3,915,422     3,734,002
             ---------
Balance,
September
30, 2008
(unaudited)  4,000,000 $4,000 52,056,023 $52,056 $33,465,069 $ 45,080   $ (1,828,951) $(30,884,728) $    852,526
             ========= ====== ========== ======= =========== ========   ============  ============  ============
</TABLE>





























   The accompanying notes are a integral part of these financials statements.

                                        9
<PAGE>
                                 ALPHATRADE.COM
                            Statements of Cash Flows
                                  (unaudited)
                                                      For the Nine Months Ended
                                                            September 30,
                                                      -------------------------
                                                          2008         2007
                                                      ------------ ------------
CASH FLOWS FROM OPERATING ACTIVITIES
 Net income (loss)                                    $ 3,915,422  $(2,880,381)
 Adjustments to reconcile net income (loss) to
  net cash used by operating activities:
   Depreciation expense                                    13,745       10,010
   Value of stock options and warrants granted            157,377      103,478
   Loss on sale of assets                                 145,147       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                           (2,135,263)    (862,139)
   Common stock issued for services                       394,601      693,240
 Changes in operating assets and liabilities:
   Proceeds from bank overdraft                            16,038            -
   Changes in accounts receivable                      (4,265,220)      63,483
   Changes in prepaid expenses                             (8,150)       4,148
   Changes in deferred revenues                         1,194,416        7,050
   Changes in related party payables                      436,159    1,239,072
   Changes in accounts payable and accrued expenses        (5,421)   1,239,143
                                                      -----------  -----------
     Net Cash Provided by Operating Activities           (449,121)    (304,546)
                                                      -----------  -----------
CASH FLOWS FROM INVESTING ACTIVITIES
 Sale of securities                                       100,215       57,899
 Purchase of fixed assets                                 (18,579)     (23,396)

     Net Cash Used by Investing Activities                 81,636       34,503

CASH FLOWS FROM FINANCING ACTIVITIES
 Stock subscriptions payable                               16,580            -
 Common stock issued for cash                             197,500      191,000
 Contributed capital                                            -       19,850

     Net Cash Provided by Financing Activities            214,080      210,850

   NET DECREASE IN CASH                                  (153,405)     (59,193)
   CASH AT BEGINNING OF PERIOD                            153,760      147,323

   CASH AT END OF PERIOD                              $       355  $    88,130
                                                      ===========  ===========
SUPPLIMENTAL DISCLOSURES OF CASH FLOW INFORMATION
 CASH PAID FOR:
   Interest                                           $    64,513  $         -
   Income Taxes                                       $         -  $         -
 NON CASH FINANCING ACTIVITIES:
   Common stock issued for services and contributions $   394,601  $   693,240
   Value of stock options and warrants granted        $   157,377  $   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 September
       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  September 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 September 30, 2008: dividend yield of
       zero  percent for all years;  expected  volatility  of 74.36% and 62.01%;
       risk-free interest rates of 5.03% and 3.35% and expected lives of 1.0 and
       3.0, 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  September  30, 2008 is
       presented below:














                                       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, 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
                                           ----------   --------   ---------

                                           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                            9,245,000       0.21        0.21
         Expired                           (2,043,497)      0.73        0.73
         Exercised                           (448,650)      0.25        0.25
                                           ----------   --------   ---------
       Outstanding, September 30, 2008     58,323,200   $   0.32   $    0.32
                                           ----------   --------   ---------
       Exercisable, September 30, 2008     36,976,850   $   0.37   $    0.37
                                           ----------   --------   ---------





















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

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

Results of Operations.


THREE MONTHS ENDED SEPTEMBER 30, 2008 and 2007

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

During the three months ended September 30, 2008, revenue growth slowed due to
the unparalleled turbulence and overall decline in all of the financial markets.
Our advertising business grew minimally as many clients put their marketing and
advertising budgets on hold until the fourth quarter. Revenue for 2008's third
quarter was $1,667,899, which is a 3% increase over 2007's third quarter revenue
of $1,610,378. Advertising revenues in the third quarter were $861,203 in 2008
and $817,523 in 2007. In addition, we had $1,438,994 in deferred revenue to be
realized in subsequent quarters. This deferred revenue is derived from our long
term advertising and marketing which was not realized in this quarter for the
same reasons of market uncertainty. We revised our advertising model from a
price point to accommodate new client interest and to make it easier for clients
to make a marketing buying decision.

We continue to focus on increasing the traffic to our stable of websites to
ensure our advertising clients have a highly desireable demographic target
audience. We are experiencing success with building new subscribers to our
business networking site, www.zenobank.com, which was launched last quarter. The
site provides a comprehensive forum for companies, businesses associated with
the financial markets and investors to network using all of the modern,
web-based tools available such as blogs, forums, and chat rooms. Every public
company, once they sign up, will have complete and accurate financial data on
their profile pages on ZenoBank - this will 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


                                       13
<PAGE>
others are based on the number of users or subscribers. We believe the market
conditions at present will encourage people to save money in every way possible
and with the cost effective products AlphaTrade has in both the E-Gate and
advertising programs, we believe this could be beneficial for us in increasing
our client base for all of our products. For the third quarter of 2008 our cost
of sales was 29% of revenues compared to 23% of revenues in 2007. As our
revenues increase, this percentage may become more favorable in terms of
profitable operations.

We realized a net income of $151,826 for the three months ended September 30,
2008 compared to a loss of $1,148,258 for the three months ended September 30,
2007. This is an increase of $1,300,084 and directly related to the advertising
business we are generating from referrals and long term, established
relationships with marketing and public relations firms.

Included in professional fees for 2008 are shares of common stock to investor
relations consultants valued at $73,033 compared to $384,676 in 2007 and stock
options to our employees valued at $143,144 compared to $103,864 in 2007. For
the most part, the investor relations consultants are hired to 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 $882,641 in 2008 from $2,277,810 in 2007
mainly due to the fact that we did not renew or we terminated 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 September 30,
2008 and 2007 would have been $224,859 and ($763,582), respectively. The loss in
2007 is almost entirely due to the payments made on behalf of our sports
sponsorships.


NINE MONTHS ENDED SEPTEMBER 30, 2008 AND 2007
---------------------------------------
During the nine months ended September 30, 2008, revenue growth was driven by
our increased advertising business. Revenue for the first three quarters of 2008
was $8,371,302, which is a 107% increase over the revenue for 2007's first three
quarters of $4,028,190. The most substantial growth was advertising and within
that category the largest increase was from referral and repeat business.
Advertising revenue in 2008's first three quarters was $5,909,699 compared to
$1,675,992 in 2007's first three quarters. Our advertising model is unique in
the industry and we are building relationships with investor and public
relations firms that refer us long term clients.

We continue to focus on increasing the traffic to our stable of websites to
ensure our advertising clients have a highly desireable demographic target
audience. We are experiencing success with building new subscribers to our
business networking site, www.zenobank.com, which was launched last quarter. The
site provides a comprehensive forum for companies, business associated with the
financial markets and investors to network using all of the modern, web-based
tools available such as blogs, forums, and chat rooms. Every public company,
once they sign up, will have complete and accurate financial data on their
profile pages on ZenoBank - this will ensure they are compliant with all
regulatory policies with respect to investor relations.

                                       14
<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. We believe the market
conditions at present will encourage people to save money in every way possible
and with the cost effective products AlphaTrade has in both the E-Gate and
advertising programs, we believe this could be beneficial for us in increasing
our client base for all of our products. For the first three quarters of 2008
our cost of sales was 17% of revenues compared to 31% 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 $3,915,422 for the first three quarters ended
September 30, 2008 compared to a loss of $2,880,381 for the first three quarters
ended September 30, 2007. This is an increase of $6,795,803 and directly related
to the advertising business we are generating from referrals and long term,
established relationships with marketing and public relations firms. During the
first nine months 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 $481,377 to consultants for marketing fees.

Included in professional fees for 2008 are shares of common stock to investor
relations consultants valued at $394,601 compared to $693,240 in 2007 and stock
options to our employees valued at $157,377 compared to $103,478 in 2007. For
the most part, the investor relations consultants are hired to bring new
advertising clients to the company. We realized related party compensation
expense of $360,000 for both 2008 and 2007. Our operating expenses decreased to
$2,909,680 in 2008 from $5,594,259 in 2007 mainly due to the fact that we did
not renew or we terminated 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 $4,310,023 and ($2,187,141), respectively. The loss in 2007 is almost
entirely due to the payments made on behalf of 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 $449,121 and $304,546
of cash in our operating activities in the first nine months of 2008 and 2007,
respectively. For the nine months ended September 30, 2008 and 2007 we received
cash totaling $214,080 and $210,850 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.




                                       15
<PAGE>
Dependence on Key Personnel

We are dependent on the services of Penny Perfect, the Chief Executive Officer
of the Company. The loss of Ms. Perfect or Gordon Muir, our CTO or other key
executives and 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 our future operations.


















































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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 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)



                                       17
<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.

Center Operating Company v. AlphaTrade.com,
68th Judicial District Court, Dallas County, Texas, Case No. 2009-156001-1

Plaintiff Center Operating Company ("COC") commenced this action against the
Company on or about September 3, 2008 in the District Court of Dallas County,
Texas, Case No. 2009-156001-1. In its Complaint, COC alleges a cause of action
arising from the alleged breach of a Sponsorship Agreement, and seeks damages of
$185,621.

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 2. Changes in Securities.

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


                                       18
<PAGE>
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
July/2008       130,500         Common      $0.165      For services
Aug./2008       150,000         Common      $0.13       For services
Aug./2008       200,000         Common      $0.16       For services
Sept./2008       50,000         Common      $0.15       For cash

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 and Reports on Form 8-K.

        (a) Exhibits

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

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

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

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



        (b) Report on Form 8-K

              None






                                       19
<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:    13/11/2008                                / s / Penny Perfect
                                                   ----------------------------
                                                   President / Director



Date:    13/11/2008                                / s / Katharine Johnston
                                                   ----------------------------
                                                   Principal Accounting Officer


































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