UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C., 20549
                                  FORM 10-Q SB

(X) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES  EXCHANGE
ACT OF 1934

                   For the quarter report ended March 31, 2002
                                       or

     ( )  TRANSITION  REPORT  PURSUANT TO SECTION 13 OR 15(d) OF THE  SECURITIES
EXCHANGE ACT OF 1934

                  For the transition period from to ___________

                        Commission File number 000-25631

                            Alphatrade.Com, Inc.
   (Exact name of small business issuer as registrant as specified in charter)

         Nevada                                             98-0211652
(State or other jurisdiction of                          (I.R.S. Employer
incorporation or organization)                          Identification No.)

              Ste 400-1111 W. Georgia Street, Vancouver, BC V6E4M3
                     (Address of principal executive office)

          Registrants telephone no., including area code (604)681-7503


     Check whether the registrant (1) has filed all reports required to be filed
by  Section  13 or 15(d)  of the  Securities  Exchange  Act of 1934  during  the
preceding 12 months (or for such shorter period that the registrant was required
to file such  reports),  Yes [X] No [ ] and (2) has been  subject to such filing
requirements for the past 90 days. Yes [X] No [ ]

                      APPLICABLE ONLY TO CORPORATE ISSUERS:

     Indicate the number of shares outstanding of each of the issuers classes of
common stock, as of the last practicable date.

                  Class                      Outstanding as of  March 31, 2002
         Common Stock, $0.001                        2,425,448


                                                         i







                                                 TABLE OF CONTENTS
                                           PART 1. FINANCIAL INFORMATION

Heading                                                                Page

Item 1.                    Consolidated Financial Statements            1

                           Consolidated Balance Sheets  March 31,2002
                              And December 31, 2001                     2-3

                           Consolidated Statements of Operations  three months
                              Ended March 31, 2002 and 2001            4

                           Consolidated Statements of Stockholders
                               Equity                                  5

                   Consolidated Statements of Cash Flows  three months
                                Ended March 31, 2002 and 2001         6-7

                           Notes to Consolidated Financial Statements 8-9

Item 2.                    Managements Discussion and Analysis and
                                Result of Operations                  10



                                            PART II. OTHER INFORMATION

Item 1.                    Legal Proceedings                             10

Item 2.                    Changes in Securities                         10

Item 3.                    Defaults Upon Senior Securities              10-11

Item 4.                    Submission of Matter to be a Vote of          11
                               Securities Holders

Item 5.                    Other Information on Form 8-K                 11

Item 6.                    Exhibits and Reports on 8K                    11

                           Signatures                                     12








                                                        ii

                          PART 1 FINANCIAL INFORMATION

                           Item 1. Financial Statement


     The accompanying unaudited condensed consolidated 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 generally
accepted accounting principles have been condensed or omitted in accordance with
such rules and regulations.  The information  furnished in the interim condensed
consolidated  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  consolidated
financial  statements  be read in  conjunction  with the  Companys  most recent
audited financial statements and notes thereto included in its December 31, 2001
Annual Report on Form 10-KSB. Operating results for the three months ended March
31, 2002 are not necessarily  indicative of the results that may be expected for
the year ending December 31, 2002.






                                 ALPHATRADE.COM

                              FINANCIAL STATEMENTS

                      March 31, 2002 and December 31, 2001

                                 ALPHATRADE.COM
                                 Balance Sheets




                                     ASSETS

                                 March 31,          December 31,
                                  2002                 2001
                               (Unaudited)
CURRENT ASSETS

Cash                              $      789    $  20,650
Accounts receivable trade, net         3,612        6,817
Prepaid expenses                       2,842       11,880

Total Current Assets                   7,243       39,347

FIXED ASSETS

Computer equipment                   138,044      133,044
Office equipment                      21,337       21,337
Software                              68,175       68,175
Accumulated depreciation            (116,734)    (105,356)

Total Fixed Assets                   110,822      117,200

TOTAL ASSETS                       $ 118,065    $ 156,547



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


                                 ALPHATRADE.COM
                           Balance Sheets (Continued)


                  LIABILITIES AND STOCKHOLDERS EQUITY (DEFICIT)

                                    March 31,          December 31,
                                     2002                 2001
                                  (Unaudited)
CURRENT LIABILITIES

Accounts payable                     $    508,716         551,219
Accrued liabilities                        49,373         150,077
Related party payable                      51,519         632,350
Note payable                               35,221         351,559
Deferred revenue                              516          23,833

Total Current Liabilities                 645,345       1,709,038

Total Liabilities                         645,345       1,709,038

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; 2,425,448 and
846,517 shares issued and
outstanding, respectively                   2,426             847
Additional paid-in capital             11,052,943       9,693,254
Services prepaid with common stock         (4,277)        (11,848)
Accumulated deficit                   (11,580,372)    (11,236,744)

Total Stockholders
Equity (Deficit)                         (527,280)     (1,552,491)

TOTAL LIABILITIES AND
STOCKHOLDERS
EQUITY (DEFICIT)                     $    118,065    $    156,547

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




                                 ALPHATRADE.COM
                            Statements of Operations
                                   (Unaudited)


                              For the Three Months Ended
                                        March 31,
                                2002                 2001

REVENUE

Subscription revenue      $    97,534    $    35,844

Total Revenue                  97,534         35,844

EXPENSES

Depreciation expense           11,378         11,925
Rent expense                   22,085         22,955
General and
administrative expenses       397,750      1,043,917

Total Expenses                431,213      1,078,797

LOSS FROM OPERATIONS         (333,679)    (1,042,953)

OTHER INCOME (EXPENSES)

Interest expense              (15,624)       (13,860)
Other income                    5,675          3,547

Total Other (Expenses)         (9,949)       (10,313)

NET LOSS              $    (343,628)   $  (1,053,266)

NET LOSS PER SHARE    $       (0.34)     $    (2.99)

WEIGHTED AVERAGE NUMBER
OF SHARES OUTSTANDING       1,021,146        352,091


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



                                 ALPHATRADE.COM
                   Statements of Stockholders Equity (Deficit)





                                    Preferred Stock        Common Stock
                              Shares            Amount      Shares


Balance, December 31, 2001      $2,000,000   $    2,000   $  846,517

Warrants granted at
market value (unaudited)                 -            -            -

Common stock issued for
charity at $2.30 per share
(unaudited)                              -            -       10,000

Common stock issued for debt
at $0.55 to $2.55 per share
(unaudited)                              -            -    1,482,600

Common stock issued for
services at $1.24 to $2.70
per share (unaudited)                    -            -       86,330

Net loss for the three months
ended March 31, 2002
(unaudited)                              -            -            -

Balance, March 31, 2002
(unaudited)                      2,000,000   $    2,000    2,425,447

                                                  Additional
                                 Common Stock       Paid-In        Accumulated
                                    Amount          Capital          Deficit


Balance, December 31, 2001      $        847   $  9,693,254   $(11,236,744)

Warrants granted at
market value (unaudited)                   -         42,314              -

Common stock issued for
charity at $2.30 per share
(unaudited)                               10         22,990              -

Common stock issued for debt
at $0.55 to $2.55 per share
(unaudited)                            1,483      1,119,102              -

Common stock issued for
services at $1.24 to $2.70
per share (unaudited)                     86        175,283              -

Net loss for the three months
ended March 31, 2002
(unaudited)                                -              -       (343,628)

Balance, March 31, 2002
(unaudited)                     $      2,426   $ 11,052,943   $(11,580,372)





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


                                 ALPHATRADE.COM
                            Statements of Cash Flows
                                   (Unaudited)


                                          For the Three Months Ended
                                                March 31,
                                       2002                 2001

CASH FLOWS FROM OPERATING ACTIVITIES

Net loss                          $    (343,628) $   (1,053,266)
Adjustments to reconcile net
loss to net cash (used)
by operating activities:
Common stock issued
for services                              175,369       367,300
Common stock issued
for charitable contributions               23,000             -
Common stock issued
for prepaid services                        7,571             -
Compensation on warrants
issued at market value                     42,314             -
Depreciation expense                       11,378        11,925
Changes in operating assets
and liabilities:
(Increase) decrease
in accounts receivable                      3,205        (2,768)
(Increase) decrease
in prepaid expenses, net                    9,038        47,389
Increase (decrease)
in accounts payable and accrued
expenses                                  977,379        35,887
Increase (decrease)
in accounts payable - related party             -             -
Increase (decrease)
in deferred revenue                       (23,317)            -

Net Cash Used by
Operating Activities                      882,309      (593,533)

CASH FLOWS FROM INVESTING ACTIVITIES

Purchase of fixed assets                   (5,000)      (15,939)

Net Cash Used by
Investing Activities                       (5,000)      (15,939)

CASH FLOWS FROM FINANCING ACTIVITIES

Increase in bank overdraft                      -         3,183
Receipt of stock subscription                   -             -
Proceeds from notes payable               112,141             -
Payment on notes payable                 (428,480)            -
Proceeds from notes payable
related parties                           126,694       237,900
Payments on notes payable
related parties                          (707,525)            -
Common stock issued
for cash                                        -       366,500

Net Cash Provided by
Financing Activities                     (897,170)      607,583

NET CHANGE IN CASH                        (19,861)       (1,889)

CASH AT BEGINNING
OF PERIOD                                  20,650         1,889

CASH AT END OF
PERIOD                                    $   789     $       -


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




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


                                                     For the Three Months Ended
                                                          March 31,
                                                    2002                 2001

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:

Interest paid                                       $    2       $       -
Income taxes paid                                   $    -       $      -

SCHEDULE OF NON-CASH FINANCING ACTIVITIES:

Common stock issued for
charitable contributions                            $   23,000   $       -
Common stock issued for
prepaid services                                    $    7,571   $      -
Common stock issued for
services                                            $  175,369   $  367,300
Preferred stock issued
for services                                        $    -       $        -
Warrants issued at fair
market value                                        $   42,314   $        -
Common stock issued for
debt                                                $1,120,585   $        -




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


                                 ALPHATRADE.COM
                        Notes to the Financial Statements
                      March 31, 2002 and December 31, 2001



NOTE 1 -      BASIS OF FINANCIAL STATEMENT PRESENTATION

     The accompanying unaudited condensed consolidated 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 generally
accepted accounting principles have been condensed or omitted in accordance with
such rules and regulations.  The information  furnished in the interim condensed
consolidated  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  consolidated
financial  statements  be read in  conjunction  with the  Companys  most recent
audited financial statements and notes thereto included in its December 31, 2001
Annual Report on Form 10-KSB. Operating results for the three months ended March
31, 2002 are not necessarily  indicative of the results that may be expected for
the year ending December 31, 2002.

NOTE 2 -      GOING CONCERN

     The Companys  financial  statements are prepared using  generally  accepted
accounting  principles  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  activities  since  inception  and is
considered a development  stage company because it has no significant  operating
revenues and, planned principal  operations have not yet commenced.  The Company
has incurred losses from its inception  through March 31, 2002 of  approximately
$11,600,000. The Company does not have an established source of funds sufficient
to cover its operating costs and, accordingly,  there is substantial doubt about
its ability to continue as a going concern.

     In order to develop a reliable source of revenues, and achieve a profitable
level of  operations,  the Company  will need,  among other  things,  additional
capital  resources.  Managements  plans  include  concentrating  its efforts on
marketing the  Companys  services and products and raising  additional  capital
through the sale of exclusive marketing territories,  or through the sale of its
common stock. The proceeds will be used to pay for general  operating  expenses,
pursue  acquisitions  and form  strategic  alliances  that  could  expedite  the
Companys growth. The Company expects that it will need $1,000,000 of additional
funds  for  operations  and  marketing  during  the  balance  of 2002.  However,
management  cannot provide any assurances that the Company will be successful in
accomplishing any of its plans.



NOTE 2 -      GOING CONCERN (Continued)

     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 to  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.

NOTE 3 -       SUBSEQUENT EVENTS

     Subsequent  to  March  31,  2002,  the  Company  issued  to  employees  and
consultants options to purchase 143,000 shares of common stock at an average
price of $1.29 per share.

     Subsequent  to March 31, 2002,  the Company  issued 12,500 shares of common
stock at $1.50 per share.

     Subsequent to March 31, 2002, the Company  canceled 20,000 shares of common
stock, which were originally issued on December 20, 2001 at $3.50 per share.




Item 2.  Managements Discussion and Analysis or Plan of Operation.

Plan of Operation

     We are a leading developer and provider of streaming,  multi-lingual market
data with applications designed for use by both professionals and novice traders
and investors from all over the world. Our browser-based  products called E-Gate
operate on all Internet  servers and can be accessed from anywhere in the world.
E-Gate  products  include stock  quotes,  Level II screens,  news,  intraday and
historical  charting,  most actives,  symbol  look-up,  and many unique features
available  only with an  E-Gate  subscription.  We  develop  all of the  browser
technology  internally in our company and have created an extensive portfolio of
versatile  applications  that we believe allow us to compete in the  marketplace
more cost-effectively than most of our competition.

Results of Operation

Revenues:  Revenue in the first quarter of this year was $ 97,534 and $35,844 in
the same period of the prior year which is an  increase of 272%.  We expect that
our revenue  will  continue to  increase  based on a number of factors  such as:
there has been an increase  in the number of our  corporate  affiliates  who are
actively  referring  new  subscribers,  our product has been  enhanced  with new
features  and  that is  attracting  new  subscribers,  our  price  point is very
favorable  which enables us to capture new subscribers  easily,  new subscribers
sign up online and have immediate  access to the E-Gate  service,  we have added
new products such as trade  execution  which will provide an additional  revenue
stream for the  Company  beginning  in the third  quarter and there is a general
increase in market awareness for the E-Gate product which adds to our subscriber
base when they sign up for our services.

     Liquidity:  As at March 31, 2002 Company had cash on hand of $789, accounts
receivable of $3,612 and prepaid expenses of $2,842.

During the  quarter the Company  realized  revenues of $97,534  with a loss from
operations  to March 31, 2002 of $343,628.  The Company  issued 86,330 shares of
common stock for services.  The Company issued 235,000 common shares on exercise
of stock options.


                            PART II OTHER INFORMATION

Item 1.       Legal Proceedings

     With respect to the lawsuit filed on June 8th, 1999 between  Webdata,  Joel
Stone and Mike Razar as Plaintiffs  and  AlphaTrade as a Defendant,  during this
quarter  discoveries  were held and revealed that AlphaTrade is the proper owner
and  operator of its  computer  technology,  intellectual  property and business
plan.  Accordingly,  the parties  agreed to terms for a settlement  that did not
adversely affect AlphaTrade.com.

Item 2.        Changes in Securities

The following unregistered securities have been issued since January 1st, 2002:
                                    Valued
Date      No. of Shares   Title         At         Reason

Jan. 23/02    10,000     Common      $2.30   Charitable Donation
Feb. 19/02     3,400     Common      $2.70   Services
Feb. 25/02    25,000     Common      $2.30   Retire Liability
Feb. 25/02    25,000     Warrants    $1.00   Retire Liability - Expire Mar. 4/03
March 4/02 1,275,000    Common       $0.55   Retire Liability


The above noted shares were issued without registration under the Securities Act
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
the Company.  The shares issued to retire the liability  were issued to insiders
of the Company.


Item 3.        Defaults Upon Senior Securities

              None; not applicable

Item 4       Submission of Matters to a Vote of Security Holders

              None; not applicable

Item 5.     Other Information

              None; not applicable

Item 6.       Exhibits and Reports on Form 8-K

              (a) Exhibits

                  None

              (b) Report on Form 8-K
                  None




SIGNATURES

     Pursuant to the  requirements  of the Securities  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:    05/16/2002                                  _______________________
                                                     By / s / Penny Perfect
                                                     President / Director


     Pursuant to the  requirements  of the  Securities  Exchange Act of 1934, as
amended, this Report has been signed below by the following persons on behalf of
the Company and in the capacities and on the dates indicated:

                                                     ALPHATRADE.COM


Date:    05/16/2002                                  ___________________________
                                                     By / s / Penny Perfect
                                                     President / Director


Date:    05/16/2002                                  __________________________
                                                     By / s / Gordon Muir
                                                     CEO/Director



Date:    05/16/2002                                  __________________________
                                                     By / s / Victor Cardenas
                                                     COO/Secretary/Director


Date:    05/16/2002                                  __________________________
                                                     By / s / Lisa McVeigh
                                                     Director


Date:    05/16/2002                                  __________________________
                                                     By / s / Raymond Hatch
                                                     Director