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

                                   FORM 10-QSB

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

                  For Quarterly period Ended: September 30, 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 September 30, 2004, was 22,068,365.

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



                                       1
<PAGE>
                              Report on Form 10-QSB
                       For the Quarter Ended September 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 .................10-12


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

         Item 3.      Controls and Procedures ............................. 15



Part II. Other Information

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

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

         Item 3.      Defaults Upon Senior Securities ..................... 17

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

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

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

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

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















                                       2
<PAGE>
PART I - FINANCIAL INFORMATION

Item 1. Financial Statements.


The accompanying balance sheets of Alphatrade.com at September 30, 2004 and
December 31, 2003, and the related statements of operations, stockholders'
equity (deficit) and cash flows for the three months and nine months ending
September 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 and nine months ended September 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

                    September 30, 2004 and December 31, 2003




















                                       3
<PAGE>
                                 ALPHATRADE.COM
                                 Balance Sheets


                                     ASSETS
                                     ------
                                                    September 30,  December 31,
                                                        2004          2003
                                                   -------------- --------------
                                                     (Unaudited)
CURRENT ASSETS

 Cash                                              $       8,769  $       6,562
 Accounts receivable - trade, net                            423          7,004
 Prepaid expenses                                          6,000          1,000
                                                   -------------  -------------
   Total Current Assets                                   15,192         14,566
                                                   -------------  -------------
FIXED ASSETS, NET                                          6,543         34,360
                                                   -------------  -------------
OTHER ASSETS

   Deposits                                               14,759         16,035
                                                   -------------  -------------
     Total Other Assets                                   14,759         16,035
                                                   -------------  -------------
     TOTAL ASSETS                                  $      36,494  $      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)
                 ----------------------------------------------

                                                    September 30,  December 31,
                                                        2004          2003
                                                   -------------- --------------
                                                     (Unaudited)
CURRENT LIABILITIES

 Accounts payable and accrued expenses             $      274,522 $     156,838
 Related party payables                                 1,095,755     1,035,213
 Stock subscription payable                                16,753        40,447
 Deferred revenue                                         142,072        65,882
                                                   -------------- -------------
   Total Current Liabilities                            1,529,102     1,298,380
                                                   -------------- -------------
   Total Liabilities                                    1,529,102     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:22,068,365 and
  18,415,365 shares issued and outstanding,
  respectively                                             22,068        18,415
 Additional paid-in capital                            23,654,786    22,560,348
 Deferred consulting fees                                       -       (27,321)
 Stock subscription receivable-investors                 (116,550)            -
 Stock subscription receivable-related party              (30,000)            -
 Accumulated deficit                                  (25,024,912)  (23,786,861)
                                                   -------------- -------------
   Total Stockholders' Equity (Deficit)                (1,492,608)   (1,233,419)
                                                   -------------- -------------
     TOTAL LIABILITIES AND STOCKHOLDERS'
      EQUITY (DEFICIT)                             $       36,494 $      64,961
                                                   ============== =============














   The accompanying notes are an integral part of these financial statements.
                                       5
<PAGE>
                                 ALPHATRADE.COM
                            Statements of Operations
                                   (Unaudited)
<TABLE>
<S>                                 <C>            <C>             <C>            <C>
                                     For the Three Months Ended     For the Nine Months Ended
                                            September 30,                   September 30,
                                    -----------------------------  -----------------------------
                                         2004           2003            2004           2003
                                    -------------- --------------  -------------- --------------
REVENUE

 Subscription revenue               $     498,855  $     234,137   $   1,265,051  $     631,720
 Licensing revenue                         18,000              -          54,000              -
 Other revenue                              3,100         10,226          14,225         31,806
                                    -------------  -------------   -------------  -------------
   Total Revenue                          519,955        244,363       1,333,276        663,526
                                    -------------  -------------   -------------  -------------
COST OF SALES

 Financial content                        325,178        248,096         900,340        610,175
                                    -------------  -------------   -------------  -------------
   Gross Profit (Loss)                    194,777         (3,733)        432,936         53,351
                                    -------------  -------------   -------------  -------------
EXPENSES

 Related party compensation               120,000        120,000         360,000      6,360,000
 Professional fees                         17,781        689,069         310,889      1,140,298
 Research and development                  81,471          8,000         196,874         67,985
 Marketing expense                         82,101         34,271         571,708         67,995
 General and administrative
  expenses                                 76,706         92,678         231,516        273,056
                                    -------------  -------------   -------------  -------------
   Total Expenses                         378,059        944,018       1,670,987      7,909,334
                                    -------------  -------------   -------------  -------------
LOSS FROM OPERATIONS                     (183,282)      (947,751)     (1,238,051)    (7,855,983)
                                    -------------  -------------   -------------  -------------
OTHER INCOME (EXPENSES)

 Interest expense                               -           (185)              -         (5,457)
                                    -------------  -------------   -------------  -------------
   Total Other Income (Expenses)                -           (185)              -         (5,457)
                                    -------------  -------------   -------------  -------------
LOSS BEFORE INCOME TAX                   (183,282)      (947,936)     (1,238,051)    (7,861,440)
                                    -------------  -------------   -------------  -------------
INCOME TAX EXPENSE                              -              -               -              -
                                    -------------  -------------   -------------  -------------
NET LOSS                            $    (183,282) $    (947,936)  $  (1,238,051) $  (7,861,440)
                                    =============  =============   =============  =============
NET LOSS PER SHARE                  $       (0.01) $       (0.05)  $       (0.06) $       (0.57)
                                    =============  =============   =============  =============
WEIGHTED AVERAGE NUMBER OF SHARES      20,841,517     17,274,050      19,737,226     13,894,048
                                    =============  =============   =============  =============
</TABLE>


   The accompanying notes are an integral part of these financial statements.
                                       6
<PAGE>
                                 ALPHATRADE.COM
                  Statements of Stockholders' Equity (Deficit)
<TABLE>
<S>                                     <C>       <C>     <C>        <C>     <C>          <C>        <C>
                                         Preferred Stock     Common Stock     Additional    Stock
                                        ----------------- ------------------   Paid-In   Subscription  Accumulated
                                          Shares  Amount    Shares   Amount    Capital    Receivable     Deficit
                                        --------- ------- ---------- ------- ------------ ---------- ---------------
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 $0.42
 per share (unaudited)                          -       -  1,768,000   1,768     743,023          -              -
Common stock issued for cash
 at an average price of $0.18
 per share (unaudited)                          -       -  1,860,000   1,860     332,640   (146,550)             -
Common stock issued for extinguishments
 of debt at an average price of $1.14
 per share (unaudited)                          -       -     25,000      25      28,475          -              -
Stock offering costs (unaudited)                -       -          -       -      (9,700)         -              -
Net loss for the nine months
 ended Sept. 30, 2004(unaudited)                -       -          -       -           -          -     (1,238,051)
                                        --------- ------- ---------- ------- -----------  ---------  -------------
Balance, Sept. 30, 2004(unaudited)      2,000,000 $ 2,000 22,068,365 $22,068 $23,654,786  $(146,550) $ (25,024,912)
                                        ========= ======= ========== ======= ===========  =========  =============
</TABLE>













   The accompanying notes are an integral part of these financial statements.
                                       7
<PAGE>
                                 ALPHATRADE.COM
                            Statements of Cash Flows
                                  (Unaudited)
                                                      For the Nine Months Ended
                                                            September 30,
                                                     ---------------------------
                                                         2004           2003
                                                     ------------- -------------
CASH FLOWS FROM OPERATING ACTIVITIES

 Net loss                                            $ (1,238,051) $ (7,861,440)
 Adjustments to reconcile net loss to net
  cash used by operating activities:
   Common stock issued for services and contributions     744,791     6,243,280
   Compensation on warrants issued at fair value                -       169,219
   Amortization of services prepaid by common stock        27,321             -
   Depreciation expense                                    27,817        34,555
 Changes in operating assets and liabilities:
   (Increase) decrease in accounts receivable               6,581         4,023
   (Increase) decrease in accounts receivable-
     related party                                              -         5,061
   (Increase) in prepaid expenses and deposits             (3,724)       (2,327)
   Increase in accounts payable and accrued expenses      117,684       754,710
   Increase in deferred revenue                            76,190        15,159
                                                     ------------  ------------
     Net Cash Used by Operating Activities               (241,391)     (637,760)
                                                     ------------  ------------
CASH FLOWS FROM INVESTING ACTIVITIES

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

 Stock offering costs paid                                 (9,700)            -
 Payment of cash overdraft                                      -          (268)
 Increase (Decrease) in stock subscription payable        (23,694)       23,853
 Proceeds from notes payable - related parties             89,042        72,045
 Payments on notes payable - related parties                    -      (216,430)
 Common stock issued for cash                             187,950       796,125
                                                     ------------  ------------
     Net Cash Provided by Financing Activities            243,598       675,325
                                                     ------------  ------------
NET CHANGE IN CASH                                          2,207        24,916

CASH AT BEGINNING OF PERIOD                                 6,562        30,236
                                                     ------------  ------------
CASH AT END OF PERIOD                                $      8,769  $     55,152
                                                     ============  ============






   The accompanying notes are an integral part of these financial statements.
                                       8
<PAGE>
                                 ALPHATRADE.COM
                      Statements of Cash Flows (Continued)
                                   (Unaudited)


                                                      For the Nine Months Ended
                                                            September 30,
                                                     ---------------------------
                                                         2004           2003
                                                     ------------- -------------

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:

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

SCHEDULE OF NON-CASH FINANCING ACTIVITIES:

 Common stock issued for services                    $    744,791  $  6,243,280
 Warrants issued at fair value                       $          -  $    169,219
 Common stock issued for extinguishment of debt      $     28,500  $     15,600
 Common stock issued for stock subscription
   receivable                                        $    146,550  $          -

































   The accompanying notes are an integral part of these financial statements.
                                       9
<PAGE>
                                 ALPHATRADE.COM
                       Notes to the Financial Statements
                    September 30, 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 nine months ended September
         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 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
                    September 30, 2004 and December 31, 2003

NOTE 3 - SIGNIFICANT EVENTS

         During the nine months ended September 30, 2004, the Company issued
         1,768,000 shares of common stock valued at an average price of $0.42
         per share for services.

         During the nine months ended September 30, 2004, the Company issued
         1,860,000 shares of common stock valued at an average price of $0.18
         per share for cash and cash stock subscriptions.

         During the nine months ended September 30, 2004, the Company issued
         25,000 shares of common stock at an average of $1.14 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 nine months ended September 30, 2004, related parties
         advanced $89,042 to the Company for working capital. Other additions to
         related party payables include accruals of officer salaries of $240,000
         for the nine months ended September 30, 2004. The Company issued
         1,000,000 shares of its common stock to pay $260,000 of these accrued
         wages on September 3, 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 nine months
         ended September 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 nine months ended
         September 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
                    September 30, 2004 and December 31, 2003

NOTE 5 - OPTIONS AND WARRANTS (Continued)
                                               For the Nine Months Ended
                                                     September 30,
                                       ---------------------------------------
                                               2004                 2003
                                       ------------------  -------------------
              Net loss:
                As reported            $      (1,238,051)  $      (7,861,440)
                Pro forma              $      (2,883,051)  $      (7,861,440)

                                                      September 30,
                                       ---------------------------------------
                                               2004                 2003
                                       ------------------  -------------------
         Basic loss per share:
         As reported                   $            (0.06) $           (0.57)
         Pro forma                     $            (0.15) $           (0.57)

         A summary of the status of the Company's stock options and warrants as
         of September 30, 2004 and changes during the nine months ended
         September 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, September 30, 2004 18,642,815  $  0.53  $    0.71
                                          ==========  =======  =========
          Exercisable, September 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>
Item 2. Management's Discussion and Analysis of Financial Condition or Plan of
Operations

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

Forward-looking and Cautionary Statements

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

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

Results of Operations.

Three Months Ended September 30, 2004

During the three months ended September 30, 2004, revenue significantly
increased over the same period of 2003. Revenue for 2004 was $519,955, which is
a 213% increase over fiscal 2003 sales of $244,363. 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 $3,100 from the sale of space on our web site to
other companies. In 2003, we received $10,226 in development fees for preparing
our technology to license.

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 101% of
subscription revenues compared to 61% in 2004.

We incurred a net loss of $183,282 for the three months ended September 30, 2004
compared to $947,936 for the three months ended September 30, 2003. This is a
decrease of $764,654. Our professional fees decreased by $671,288 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 $34,271 in 2003 to $82,101 for
2004. $36,200 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.






                                       13
<PAGE>
Nine Months Ended September 30, 2004

During the nine months ended September 30, 2004, revenue significantly increased
over the same period of 2003. Revenue for 2004 was $1,333,276, which is a 201%
increase over fiscal 2003 sales of $663,526. 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 $54,000 from the licensing of its technology to SEGOES
Securities Ltd. and $14,225 from the sale of space on our web site to other
companies. In 2003, we received $31,806 in development fees for preparing our
technology to license.

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 92% of subscription
revenues compared to 68% in 2004.

We incurred a net loss of $1,238,051 for the nine months ended September 30,
2004 compared to $7,861,440 for the nine months ended September 30, 2003. This
is a decrease of $6,623,389. 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 $829,409 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 $67,995 in 2003 to $571,708 for 2004.
$325,000 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 $493,260 and $1,618,160, respectively.

Interest expense was $5,457 for the nine months ended September 30, 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 nine months ended September 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 $241,391 and $637,780
of cash in our operating activities in the first nine months of 2004 and 2003,
respectively. This is a decrease of 72%.

For the nine months ended September 30, 2004 we received cash totaling $187,950
from the issuance and subscription of our common stock pursuant to Rule 144 and
$89,042 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.

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

We currently have no material commitments for capital requirements. At the
present time we have no need to purchase new equipment or replace the equipment
we are currently using. We believe that our capital infrastructure is adequate
to handle the expected growth in 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
the Chief Executive Officer. The loss of these persons or other key executives
or personnel, or the inability to attract and retain the additional highly
skilled employees required for the expansion of our activities, may have a
material adverse effect on our business or future operations. We do not intend
to maintain "Key-man" life insurance on any executive officers or other
personnel at this time.


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.















                                       15
<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
itself.

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

Item 2. Changes in Securities.

The following unregistered securities have been issued since January 1st, 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
July 19/04         80,000      Common      $0.33      Services
July 21/04        850,000      Common      $0.15      Cash
Sep. 3/04          80,000      Common      $0.26      Services
Sep. 3/04       1,080,000      Common      $0.26      Cash
Sep. 3/04         500,000      Common      $0.12      Cash





                                       16
<PAGE>
The above noted shares were issued in private, isolated transactions without
registration under the Securities Act. The shares were issued in reliance on the
exemption provided by Rule 506 and/or Section 4(2) of the Securities Act as a
transaction by an issuer not involving a public offering to Consultants or to
companies owned or controlled by Consultants or Officers of AlphaTrade.

Item 3. Defaults Upon Senior Securities.

        None.



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

        None.


Item 5. Other Information.

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.

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






                                       17
<PAGE>
                                   SIGNATURES

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




                                                   ALPHATRADE.COM


Date:    11/04/2004                                / s / Penny Perfect
                                                   ----------------------------
                                                   President / Director


Date:    11/04/2004                                / s / Brooke Styba
                                                   ----------------------------
                                                   Principal Accounting Officer





































                                       18