================================================================================
                       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: June 30, 2004; 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 June 30, 2004, was 19,658,365.

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




                                      1
<PAGE>


                              Report on Form 10-QSB
                       For the Quarter Ended June 30, 2004

                                      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 .................10-13


         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 ................................... 17

         Item 2.      Changes in Securities ............................... 17

         Item 3.      Defaults Upon Senior Securities ..................... 18

         Item 4.      Submission of Matters to a Vote of Security Holders . 18

         Item 5.      Other Information ................................... 18

         Item 6.      Exhibits and Reports on Form 8-K .................... 18

                      Signatures........................................... 19

                      Certifications













                                       2
<PAGE>

PART I - FINANCIAL INFORMATION

Item 1. Financial Statements.

 The accompanying balance sheets of Alphatrade.com at June 30, 2004 and December
 31,  2003,  and the related  statements  of  operations,  stockholders'  equity
 (deficit)  and cash flows for the three  months and six months  ending June 30,
 2004 and  2003,  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 June 30, 2004, are not necessarily indicative of the results that
 can be expected for the fiscal year ending December 31, 2004.













                                 ALPHATRADE.COM

                              FINANCIAL STATEMENTS

                       June 30, 2004 and December 31, 2003


<PAGE>
                                 ALPHATRADE.COM
                                 Balance Sheets

                                     ASSETS
                                     ------
                                                     June 30,       December 31,
                                                       2004             2003
                                                  ------------     ------------
                                                   (Unaudited)
CURRENT ASSETS
   Cash                                          $     43,164      $      6,562
   Accounts receivable - trade, net                     2,542             7,004
   Prepaid expenses                                     6,090             1,000
                                                 ------------      ------------

     Total Current Assets                              51,796            14,566
                                                 ------------      ------------

FIXED ASSETS, NET                                      15,815            34,360
                                                 ------------      ------------
OTHER ASSETS

   Deposits                                            14,759            16,035
                                                 ------------      ------------

     Total Other Assets                                14,759            16,035
                                                 ------------      ------------

     TOTAL ASSETS                                $     82,370      $     64,961
                                                 ============      ============


























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

                                       4
<PAGE>


                                 ALPHATRADE.COM
                           Balance Sheets (Continued)


                 LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)


                                                     June 30,       December 31,
                                                       2004             2003
                                                  ------------     ------------
                                                   (Unaudited)

CURRENT LIABILITIES

Accounts payable and accrued expenses             $    291,431     $    156,838
Related party payables                               1,245,364        1,035,213
Stock subscription payable                              40,447           40,447
Deferred revenue                                       132,154           65,882
                                                  ------------     ------------

  Total Current Liabilities                          1,709,396        1,298,380
                                                  ------------     ------------

  Total Liabilities                                  1,709,396        1,298,380
                                                  ------------     ------------

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:19,658,365 and 18,415,365
   shares issued and
   outstanding, respectively                            19,658           18,415
   Additional paid-in capital                       23,204,496       22,560,348
   Deferred consulting fees                               --            (27,321)
   Stock subscription receivable                       (11,550)            --
   Accumulated deficit                             (24,841,630)     (23,786,861)
                                                  ------------     ------------

     Total Stockholders' Equity (Deficit)           (1,627,026)      (1,233,419)
                                                  ------------     ------------

     TOTAL LIABILITIES AND STOCKHOLDERS'
      EQUITY (DEFICIT)                            $     82,370     $     64,961
                                                  ============     ============



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

                                      5
<PAGE>

                                 ALPHATRADE.COM
                            Statements of Operations
                                   (Unaudited)
<TABLE>
<CAPTION>
                              For the Three Months Ended      For the Six Months Ended
                                        June 30,                      June 30,
                             ----------------------------    ----------------------------
                                  2004            2003            2004            2003
                             ------------    ------------    ------------    ------------
<S>                          <C>            <C>            <C>            <C>
REVENUE

Subscription revenue         $    433,485    $    199,662    $    766,196    $    397,583
Licensing revenue                  18,000            --            36,000            --
Other revenue                       9,600           8,440          11,125          21,580
                             ------------    ------------    ------------    ------------

  Total Revenue                   461,085         208,102         813,321         419,163
                             ------------    ------------    ------------    ------------
COST OF SALES

Financial content                 264,123         187,272         575,162         362,079
                             ------------    ------------    ------------    ------------

Gross Profit (deficit)            196,962          20,830         238,159          57,084
                             ------------    ------------    ------------    ------------
EXPENSES

Related party compensation        120,000         600,000         240,000       6,240,000
Professional fees                  87,546         125,327         293,108         451,229
Research and development           69,766          12,200         126,403          59,985
Marketing expense                 164,972           7,524         478,607          33,724
General and administrative
expenses                           77,677          99,815         154,810         180,378
                             ------------    ------------    ------------    ------------
  Total Expenses                  519,961         844,866       1,292,928       6,965,316
                             ------------    ------------    ------------    ------------

LOSS FROM OPERATIONS             (322,999)       (824,036)     (1,054,769)     (6,908,232)
                             ------------    ------------    ------------    ------------
OTHER INCOME (EXPENSES)

   Interest expense                  --              (535)           --            (5,272)
                             ------------    ------------    ------------    ------------
     Total Other Income
      (Expenses)                     --              (535)           --            (5,272)
                             ------------    ------------    ------------    ------------
LOSS BEFORE INCOME TAX           (322,999)       (824,571)     (1,054,769)     (6,913,504)
                             ------------    ------------    ------------    ------------
INCOME TAX EXPENSE                   --              --              --              --
                             ------------    ------------    ------------    ------------
NET LOSS                     $   (322,999)   $   (824,571)   $ (1,054,769)   $ (6,913,504)
                             ============    ============    ============    ============
NET LOSS PER SHARE           $      (0.02)   $      (0.05)   $      (0.05)   $      (0.57)
                             ============    ============    ============    ============
WEIGHTED AVERAGE NUMBER
  OF SHARES                    19,466,112      16,869,022      19,179,013      12,178,175
                             ============    ============    ============    ============
</TABLE>


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

                                       6
<PAGE>

                                 ALPHATRADE.COM
                  Statements of Stockholders' Equity (Deficit)
<TABLE>
<CAPTION>
                                       Preferred Stock         Common Stock        Additional      Stock
                                     ------------------    -------------------      Paid-In    Subscription   Accumulated
                                       Shares    Amount      Shares    Amount       Capital     Receivable      Deficit
                                     ----------  ------    ---------   -------   ------------  ------------  ------------
<S>                                  <C>         <C>      <C>          <C>       <C>             <C>         <C>
Balance, December 31, 2002           2,000,000   $2,000    8,545,297   $ 8,545   $ 14,834,992    $   --      $(15,472,833)

Common stock issued for
 cash at an average price
of $0.38 per share                        --       --      2,380,541     2,381        904,994        --              --
Stock offering costs                      --       --           --        --          (48,525)       --              --
Common stock issued for
 charitable donations at an
 average price of $1.06 per share         --       --         95,000        95        100,355        --              --
Common stock issued for
 related party services at an
 average price of $0.88 per share         --       --      6,000,000     6,000      5,274,000        --              --
Common stock issued for services
 at $0.74 per share                       --       --      1,269,527     1,269        930,811        --              --
Common stock issued for the
 extinguishments of debt at
 $0.97 per share                          --       --        125,000       125        120,975        --              --
Fair value of options and warrants
 Granted to unrelated parties             --       --           --        --          411,157        --              --
Gain on sale of assets to
 related party                            --       --           --        --           31,589        --              --
Net loss for the year ended
December 31, 2003                         --       --           --        --             --          --        (8,314,028)
                                     ---------   ------   ----------   -------   ------------    --------    ------------


Balance, December 31, 2003           2,000,000    2,000   18,415,365    18,415     22,560,348        --       (23,786,861)

Common stock issued for services
 at an average price of $0.69
per share (unaudited)                     --       --        708,000       708        478,883        --              --
Common stock issued for cash
 at an average price of $0.29
 per share (unaudited)                    --       --        510,000       510        146,490     (11,550)           --
Common stock issued for
 extinguishment of debt at a price
 of $1.14 per share (unaudited)           --       --         25,000        25         28,475        --              --
Stock offering costs (unaudited)          --       --           --        --           (9,700)       --              --
Net loss for the six months
 ended June 30, 2004(unaudited)           --       --           --        --             --          --        (1,054,769)
                                     ---------   ------   ----------   -------   ------------    --------    ------------
Balance, June 30, 2004(unaudited)    2,000,000   $2,000   19,658,365   $19,658   $ 23,204,496    $(11,550)   $(24,841,630)
                                     =========   ======   ==========   =======   ============    ========    ============
</TABLE>














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

                                       7
<PAGE>

                                 ALPHATRADE.COM
                            Statements of Cash Flows
                                   (Unaudited)


                                                      For the Six Months Ended
                                                              June 30,
                                                         2004           2003
                                                    ------------   ------------

CASH FLOWS FROM OPERATING ACTIVITIES

   Net loss                                          $(1,054,769)   $(6,913,504)
   Adjustments to reconcile net loss to net cash
    used by operating activities:
        Common stock issued for services
            and contributions                            479,591      1,915,530
        Compensation on warrants issued at fair value       --           41,879
        Amortization of services prepaid by
            common stock                                  27,321           --
        Depreciation expense                              18,545         22,756
      Changes in operating assets and liabilities:
        (Increase) decrease in accounts receivable         4,462         (5,893)
        (Increase) in prepaid expenses and deposits       (3,814)          (827)
        Increase in accounts payable and
            accrued expenses                             373,247      4,521,792
        Increase in deferred revenue                      66,269         11,659
                                                     -----------    -----------

       Net Cash Used by Operating Activities             (89,148)      (406,608)
                                                     -----------    -----------
CASH FLOWS FROM INVESTING ACTIVITIES                        --             --


CASH FLOWS FROM FINANCING ACTIVITIES

      Stock offering costs paid                           (9,700)          --
      Proceeds of cash overdraft                            --           10,669
      Proceeds from notes payable - related parties         --           45,101
      Payments on notes payable - related parties           --         (172,600)
      Common stock issued for cash                       135,450        537,750
                                                     -----------    -----------

       Net Cash Provided by Financing Activities         125,750        420,920
                                                     -----------    -----------
NET CHANGE IN CASH                                        36,602         14,312

CASH AT BEGINNING OF PERIOD                                6,562         30,236
                                                     -----------    -----------

CASH AT END OF PERIOD                                $    41,888    $    44,548
                                                     ===========    ===========


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

                                       8
<PAGE>



                                 ALPHATRADE.COM
                      Statements of Cash Flows (Continued)
                                   (Unaudited)


                                                      For the Six Months Ended
                                                              June 30,
                                                         2004           2003
                                                    ------------   ------------

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:

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

SCHEDULE OF NON-CASH FINANCING ACTIVITIES:

   Common stock issued for services                  $ 479,591    $ 1,915,530
   Warrants issued at fair value                     $    --      $    41,879
   Common stock issued for extinguishment of debt    $  28,500    $ 4,120,000
   Common stock issued for stock subscription
       receivable                                    $  11,550    $      --
































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

                                       9
<PAGE>
                                 ALPHATRADE.COM
                        Notes to the Financial Statements
                       June 30, 2004 and December 31, 2003

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, 2003 Annual  Report on Form
              10-KSB.  Operating results for the three months and six ended June
              30, 2004 are not necessarily indicative of the results that may be
              expected for the year ending December 31, 2004.

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.  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.  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
                       June 30, 2004 and December 31, 2003


NOTE 3 - SIGNIFICANT EVENTS

              During the six months  ended June 30,  2004,  the  Company  issued
              708,000 shares of common stock valued at an average price of $0.69
              per share for services.

              During the six months  ended June 30,  2004,  the  Company  issued
              510,000 shares of common stock valued at an average price of $0.29
              per share for cash.

              During the six months  ended June 30,  2004,  the  Company  issued
              25,000 shares of common stock at an average of $0.94 per share for
              extinguishment of debt.

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

NOTE 4 - RELATED PARTY TRANSACTIONS

              The Company  receives  advances from several  related parties on a
              regular basis.  During the six months ended June 30, 2004, related
              parties advanced $31,629 to the Company for working capital. Other
              additions to related party  payables  include  accruals of officer
              salaries of $240,000 for the six months ended June 30, 2004.

NOTE 5 -      OPTIONS AND WARRANTS

              Under FASB Statement 123, the Company  estimates the fair value of
              each  stock  award at the grant  date by using  the  Black-Scholes
              option   pricing  model  with  the  following   weighted   average
              assumptions used for grants, respectively;  dividend yield of zero
              percent for all years;  expected  volatility of 151.20% and 0.00%;
              risk-free  interest  rates of 2.14,  and 2.77 percent and expected
              lives of 5.0 and 0.0,  for the six months  ended June 30, 2004 and
              2003, respectively.

              Had  compensation  cost for the Company's stock options granted to
              directors and employees been based on the fair value as determined
              by the Black-Scholes  option pricing model at the grant date under
              the accounting  provisions of SFAS No. 123, the Company would have
              recorded an additional  expense of $1,645,000 and $-0- for the six
              months  ended  June 30,  2004 and 2003,  respectively.  Also under
              these  same  provisions,  the  Company's  net loss would have been
              changed by the pro forma amounts indicated below:







                                       11
<PAGE>
                                 ALPHATRADE.COM
                        Notes to the Financial Statements
                       June 30, 2004 and December 31, 2003

NOTE 5 - OPTIONS AND WARRANTS (Continued)

                                           For the Six Months Ended
                                                   June 30,
                                     --------------------------------------
                                            2004                 2003
              Net loss:              ------------------  ------------------
                As reported          $      (1,054,769)  $      (6,088,933)
                Pro forma            $      (2,699,769)  $      (6,088,933)


                                                   June 30,
                                            2004                 2003
              Basic loss per share:  ------------------  -------------------
              As reported            $            (0.05) $           (0.57)
              Pro forma              $            (0.14) $           (0.57)

         A summary of the status of the Company's stock options and warrants as
         of June 30, 2004 and changes during the six months ended June 30, 2004
         is presented below:
                                                    Weighted    Weighted
                                       Options       Average     Average
                                          and       Exercise  Grant Date
                                       Warrants        Price  Fair Value
                                      ----------   ---------   ---------

     Outstanding, December 31, 2003   18,642,815   $    0.53   $    0.71
         Granted                          30,000        0.94        0.94
         Expired/Canceled                   --          0.00        0.00
         Exercised                        30,000        0.94        0.94
                                      ----------   ---------   ---------

     Outstanding, June 30, 2004       18,642,815   $    0.53   $    0.71
                                      ==========   =========   =========

     Exercisable, June 30, 2004       14,917,815   $    0.58   $    0.72
                                      ==========   =========   =========

NOTE 6 - COMMITMENTS AND CONTINGENCIES

              The Company is the Defendant in litigation  pending in the Supreme
              Court of British Columbia,  Canada.  The Plaintiff alleges that it
              is owed the sum of  $279,664  pursuant  to a  licensing  Agreement
              executed by the Plaintiff and the Company in 1999.  The Company is
              aggressively defending itself against this claim.

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

                                      12
<PAGE>
                                 ALPHATRADE.COM
                        Notes to the Financial Statements
                       June 30, 2004 and December 31, 2003


NOTE 7 - SUBSEQUENT EVENTS

              On July 19, 2004,  the Company  issued 80,000 shares of its common
              stock for services valued at $0.33 per share.

              On July 21, 2004,  the Company issued 850,000 shares of its common
              stock for cash at $0.15 per share.













































                                       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.

 Three Months Ended June 30, 2004

 During the three months ended June 30, 2004,  revenue  significantly  increased
 over the same period of 2003.  Revenue for 2004 was  $461,085,  which is a 122%
 increase  over  fiscal  2003  sales of  $208,102.  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.  In  2004,  we  also  received  $18,000  from  the  licensing  of its
 technology to SEGOES  Securities  Ltd. and $9,600 from the sale of space on our
 web site to other  companies.  In 2003, we received $8,440 in development  fees
 for preparing our technology to license.

 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.

 Our cost of  sales  is the cost of the  financial  content  we  provide  to our
 subscribers.  Many of these costs are fixed monthly  fees.  Others are on a per
 user  basis.  For the  second  quarter  of 2003 our  cost of  sales  was 90% of
 subscription revenues compared to 57% in 2004.

 We incurred a net loss of  $322,999  for the three  months  ended June 30, 2004
 compared  to  $824,571  for the three  months  ended June 30,  2003.  This is a
 decrease of $501,570. Included in the loss for 2003 was $480,000 as the accrued
 value of bonuses to officers and directors for their services. The officers and
 directors forgave their right to any options and bonuses in 2004. This resulted
 in a decrease in related party  compensation  expense of $480,000 for 2004. Our
 professional  fees also decreased by $37,781 from 2003 to 2004 as a result of a
 reduction in the number of shares issued to consultants.  However, we increased


                                       14
<PAGE>
 our marketing expense from $7,524 in 2003 to $164,972 for 2004. $93,000 of this
 increase  was in the form of shares  issued to a marketing  consultant  for his
 services.  We have  determined  the need to increase  public  awareness  of our
 E-gate product and we have budgeted shares and funds for this marketing effort.

 Six Months Ended June 30, 2004

 During the six months ended June 30, 2004, revenue significantly increased over
 the same period of 2003. Revenue for 2004 was $813,321, which is a 94% increase
 over  fiscal  2003 sales of  $419,163.  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.  In  2004,  we  also  received  $36,000  from  the  licensing  of its
 technology to SEGOES  Securities Ltd. and $11,125 from the sale of space on our
 web site to other  companies.  In 2003, we received $21,580 in development fees
 for preparing our technology to license.

 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.

 Our cost of  sales  is the cost of the  financial  content  we  provide  to our
 subscribers.  Many of these costs are fixed monthly  fees.  Others are on a per
 user  basis.  For  the  first  half  of  2003  our  cost  of  sales  was 86% of
 subscription revenues compared to 71% in 2004.

 We  incurred a net loss of  $1,054,769  for the six months  ended June 30, 2004
 compared  to  $6,913,504  for the six  months  ended June 30,  2003.  This is a
 decrease of  $5,858,735.  Included in the loss for 2003 was  $6,000,000  as the
 accrued  value of bonuses to officers and  directors  for their  services.  The
 officers and directors  forgave their right to any options and bonuses in 2004.
 This resulted in a decrease in related party compensation expense of $6,000,000
 for 2004. Our professional fees also decreased by $158,121 from 2003 to 2004 as
 a result of a reduction in the number of shares issued to consultants. However,
 we increased our  marketing  expense from $33,724 in 2003 to $478,607 for 2004.
 $289,000  of this  increase  was in the form of shares  issued  to a  marketing
 consultant for his services.

 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  non cash expenses
 the  losses  for  2004  and 2003  would  have  been  $575,178  and  $4,997,974,
 respectively.

 Interest  expense was $5,272 for the three months ended March 31, 2003 compared
 to $-0- for the same period of 2004.  The decrease was a result of  eliminating
 our past due debt in 2003.

 The  decreases in overhead are also  reflected in the reduction of the loss per
 share  from  $0.57 to $0.05 in the six  months  ended  June 30,  2004 and 2003,
 respectively.

 Liquidity and Capital Resources.

 We have  consistently been financed through loans from related parties and from
 raising capital through private equity offerings.  We used $89,148 and $406,608

                                      15
<PAGE>
 of cash in our  operating  activities  in the  first  half  of 2004  and  2003,
 respectively. This is a decrease of 78%.

 For the six months ended June 30, 2004 we received cash totaling  $135,450 from
 the issuance  and  subscription  of our common  stock  pursuant to Rule 144 and
 $271,629 from related party loans.  We expect that in the next twelve months we
 will need  between  $250,000  and  $500,000 to meet our 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 in order 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 2004.

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


 Item 3. Controls and Procedures

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



                                       16
<PAGE>

 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 itsself.

 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, 2004:

                                                 Valued
  Date              No. of Shares      Title       At      Reason

  Jan. 7/04               100,000     Common     $0.35     Private Placement
  Jan. 7/04                60,000     Common     $0.35     Private Placement
  Jan. 7/04                25,000     Common     $1.14     Debt Extinguishment
  Jan.  20/04              50,000     Common     $0.84     Services
  Feb. 4/04               200,000     Common     $0.93     Services
  Feb. 18/04              103,000     Common     $0.68     Services
  Feb. 18/04               35,000     Common     $0.68     Services
  Feb. 25/04               40,000     Common     $0.70     Services
  Feb. 25/04              100,000     Common     $0.35     Private Placement
  Apr. 5/04                 5,000     Common     $0.43     Services
  Apr. 12/04               15,000     Common     $0.40     Services
  Apr. 12/04              250,000     Common     $0.20     Private Placement
  May  26/04              100,000     Common     $0.51     Services
  June  2/04               30,000     Common     $0.38     Services
  June  7/04              100,000     Common     $0.42     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.


                                       17
<PAGE>
Item 3. Defaults Upon Senior Securities.

        None.


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 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. We continue
 to  work  with  SunGard  to  begin  the   implementation  of  the  co-marketing
 arrangement.


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

                                       18
<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:    7/30/2004                                / s / Penny Perfect
                                                   ----------------------------
                                                   President / Director


Date:    7/30/2004                                / s / Brooke Styba
                                                   ----------------------------
                                                   Principal Accounting Officer


































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