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

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-Q/A
                                 AMENDMENT NO. 3

       [x] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
           EXCHANGE ACT OF 1934
           For the quarterly period ended September 30, 2008 or
                                          ------------------
       [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
           EXCHANGE ACT OF 1934
           For the transition period from         to
                                         ---------  ---------
This Amendment No. 3 on Form 10-Q/A hereby amends the registrant's quarterly
report on Form 10-Q, which the registrant filed with the Securities and Exchange
Commission initially on November 14, 2008 with Amendment No. 1 filed March 23,
2009 and Amendment No. 2 filed on April 22, 2010.

                        Commission File Number: 000-25631




                                 AlphaTrade.com
                                 --------------
             (Exact name of registrant as specified in its charter)

           NV                                             98-0211652
----------------------------                        ----------------------
(State or other jurisdiction                             (IRS Employer
     of incorporation)                              Identification Number)

930 West First Street, Ste 116, North Vancouver, BC             V7P 3N4
---------------------------------------------------     -----------------------
   (Address of principal executive offices)                    (Zip Code)

                                 (604) 986-9866
               --------------------------------------------------
               Registrant's telephone number, including area code

          -------------------------------------------------------------
          (Former Name or Former Address, if Changed Since Last Report)

Indicate by check mark 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), and (2) has been subject to such filing
requirements for the past 90 days. [x] Yes [ ] No






                                       1
<PAGE>
Indicate by check mark whether the registrant is a large accelerated filer, an
accelerated filer, a non-accelerated filer, or a smaller reporting company. See
the definitions of "large accelerated filer," "accelerated filer" and "smaller
reporting company" in Rule 12b-2 of the Exchange Act.

[  ] Large accelerated filer                  [ ]   Accelerated filer
[  ] Non-accelerated filer                    [x]   Smaller reporting company

Indicate by check mark whether the registrant is a shell company (as defined in
Rule 12b-2 of the Exchange Act). [ ] Yes [x] No

State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practicable date: 52,056,023 as of September 30, 2008.


Explanatory Note:

This Amendment No. 3 on Form 10-Q/A hereby amends the registrant's quarterly
report on Form 10-Q, which the registrant filed with the Securities and Exchange
Commission initially on November 14, 2008 with Amendment No. 1 filed March 23,
2009 and Amendment No. 2 filed on April 22, 2010.  This amendment is being filed
in order to reflect the disclosure correction of a $200,000 overstatement of
general and administrative expenses pertaining to certain deferred costs in the
"Explanatory Notes" and "Notes to the Financial Statements".

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































                                       2
<PAGE>
                               Report on Form 10-Q/A
                    For the Quarter Ended September 30, 2008



                                      INDEX

                                                                         Page
                                                                         ----
Part  I. Financial  Information

     Item  1. Financial  Statements  (unaudited)............................4
              Balance  Sheets.............................................4-5
              Statements  of  Operations..................................6-7
              Statement  of  Stockholders'  Equity  (Deficit)...............8
              Statements  of  Cash  Flows...................................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....................................18


Part  II.  Other  Information

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

     Item  2. Changes  in  Securities......................................20

     Item  3. Defaults  Upon  Senior  Securities...........................20

     Item  4. Submission of Matters to a Vote of Security Holders  ........20

     Item  5. Other  Information...........................................20

     Item  6. Exhibits  and  Reports  on  Form  8-K........................20

              Signatures...................................................21

              Certifications...............................................
















                                       3
<PAGE>
PART I - FINANCIAL  INFORMATION

Item 1.  Financial Statements (unaudited)

                                 ALPHATRADE.COM
                                 Balance Sheets
                                   (restated)

                                     ASSETS
                                     ------          September 30, December  31,
                                                         2008          2007
                                                     ------------- -------------
                                                      (unaudited)
CURRENT ASSETS
 Cash                                                $        355  $    153,760
 Accounts receivable                                        2,554        28,047
 Marketable securities-available for sale               2,370,478       658,858
 Marketable securities-available for sale
  related party                                             2,093         5,232
 Prepaid expenses                                           8,900           750
                                                     ------------  ------------
       Total Current Assets                             2,384,380       846,647
                                                     ------------  ------------
PROPERTY AND EQUIPMENT, net                                50,467        45,633
                                                     ------------  ------------
OTHER  ASSETS
 Investments,  at  cost                                   300,000       300,000
                                                     ------------  ------------
       TOTAL  ASSETS                                 $  2,734,847  $  1,192,280
                                                     ============  ============


























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

                                        4
<PAGE>
                                 ALPHATARADE.COM
                                 Balance Sheets
                                   (restated)

                 LIABILITIES AND STOCKHOLDERS' EQUITY/(DEFICIT)
                 ----------------------------------------------

                                                     September 30, December  31,
                                                         2008          2007
                                                     ------------- -------------
                                                      (unaudited)
CURRENT LIABILITIES
 Accounts payable and accrued expenses               $  2,091,429  $  2,404,822
 Bank overdraft                                            16,038             -
 Related party payables                                 2,626,573     2,190,414
 Deferred revenues                                        214,793     1,130,178
                                                     ------------  ------------
       Total Current Liabilities                        4,948,833     5,725,414
                                                     ------------  ------------
TOTAL LIABILITIES                                       4,948,833     5,725,414
                                                     ------------  ------------
STOCKHOLDERS'  EQUITY/(DEFICIT)
 Preferred shares: $0.001 par value, 10,000,000
  shares authorized: 2,000,000 Class A and
  2,000,000 Class B shares issues and outstanding           4,000         4,000
 Common  shares:  $0.001  par  value, 100,000,000
  shares authorized: 52,506,023 and 48,589,773
  shares  issues  and  outstanding,respectively            52,056        48,590
 Stock  subscription  payable                              45,080        28,500
 Additional  paid-in  capital                          33,705,069    32,959,057
 Accumulated  other  comprehensive  income               (919,824)     (738,404)
 Accumulated  deficit                                 (35,100,367)  (36,834,877)
                                                     ------------  ------------
       Total Stockholders' Equity/(Deficit)            (2,213,986)   (4,533,134)
                                                     ------------  ------------
       TOTAL LIABILITIES  AND  STOCKHOLDERS'
        EQUITY/(DEFICIT)                             $  2,734,847  $  1,192,280
                                                     ============  ============

















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

                                        5
<PAGE>
                                 ALPHATRADE.COM
         Statements of Operations and Other Comprehensive Income (Loss)
                                   (unaudited)
<TABLE>
<S>                             <C>          <C>            <C>          <C>
                                For the Three Months Ended   For the Nine Months Ended
                                      September  30,               September 30
                                --------------------------  --------------------------
                                    2008         2007           2008         2007
                                ------------ -------------  ------------ -------------
REVENUES                         (restated)                  (restated)
 Subscription revenue           $   757,287  $    773,818   $ 2,317,050  $ 2,298,473
 Advertising revenue              1,060,491       817,523     3,528,786    1,675,992
 Other revenue                       49,409        19,037       144,553       53,725
                                -----------  ------------   -----------  -----------
   Total Revenues                 1,867,187     1,610,378     5,990,389    4,028,190
                                -----------  ------------   -----------  -----------
COST OF SALES
 Financial content                  490,615       364,973     1,431,112    1,262,087
 Other cost of sales                    396         1,082         2,538        3,875
                                -----------  ------------   -----------  -----------
   Total Cost of Sales              491,011       366,055     1,433,650    1,265,962
                                -----------  ------------   -----------  -----------
GROSS PROFIT                      1,376,176     1,244,323     4,556,739    2,762,228
                                -----------  ------------   -----------  -----------
OPERATING EXPENSES
 Management expense                 120,000             -       360,000      240,000
 Professional fees                  216,500        49,609       884,488    1,111,773
 Research and development           123,841       139,971       395,544      327,840
 Marketing expense                  146,899     1,819,988       639,822    3,276,579
 General and administrative         175,398       268,242       429,825      638,067
                                -----------  ------------   -----------  -----------
   Total Operating Expenses         782,638     2,277,810     2,709,679    5,594,259
                                -----------  ------------   -----------  -----------
INCOME (LOSS) FROM OPERATIONS       593,538    (1,033,487)    1,847,060   (2,832,031)
                                -----------  ------------   -----------  -----------
OTHER INCOME (EXPENSE)
 Gain (Loss) on sale of assets      (47,215)     (114,771)     (145,147)     (48,350)
 Gain on settlement of debt               -             -       307,974            -
 Interest expense                   (95,206)            -      (275,377)           -
                                -----------  ------------   -----------  -----------
   Total Other Income (Expense)    (142,421)     (114,771)     (112,550)     (48,350)
                                -----------  ------------   -----------  -----------
NET INCOME (LOSS) BEFORE INCOME
TAXES                               451,117    (1,148,258)    1,734,510   (2,880,381)

INCOME TAX EXPENSE                        -             -                       -
                                -----------  ------------   -----------  -----------
NET INCOME (LOSS)               $   451,117  $ (1,148,258)  $ 1,734,510  $(2,880,381)
                                ===========  ============   ===========  ===========
</TABLE>




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

                                        6
<PAGE>
                                 ALPHATRADE.COM
    Statements of Operations and Other Comprehensive Income (Loss) Continued
                                   (unaudited)
<TABLE>
<S>                             <C>          <C>            <C>          <C>
                                For the Three Months Ended   For the Nine Months Ended
                                      September  30,              September 30,
                                --------------------------  --------------------------
                                    2008         2007           2008         2007
                                ------------ -------------  ------------ -------------
                                 (restated)                  (restated)
OTHER COMPREHENSIVE INCOME
(LOSS)                          $  (527,751) $          -   $  (181,420) $  (342,452)
                                -----------  ------------   -----------  -----------
TOTAL COMPREHENSIVE INCOME(LOSS)$   (76,634) $ (1,148,258)  $ 1,553,090  $(3,222,833)
                                ===========  ============   ===========  ===========
BASIC EARNINGS (LOSS) PER SHARE $      0.01  $      (0.03)  $      0.03  $     (0.07)
                                ===========  ============   ===========  ===========
BASIC WEIGHTED AVERAGE NUMBER
  OF SHARES OUTSTANDING          51,708,336    44,613,473    50,616,857   43,029,594
                                ===========  ============   ===========  ===========
FULLY DILUTED WEIGHTED AVERAGE
  NUMBER OF SHARES OUTSTANDING  118,685,186    44,613,472   117,593,707   43,029,594
                                ===========  ============   ===========  ===========
</TABLE>































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

                                        7
<PAGE>
                                 ALPHATRADE.COM
                  Statements of Stockholders' Equity/(Deficit)
                                   (restated)
<TABLE>
                   Preferred  Stock   Common  Stock    Additional      Stock        Other                    Total
                   ---------------- ------------------   Paid-In   Subscription Comprehensive Accumulated Stockholders'
                    Shares   Amount   Shares   Amount    Capital      Payable       Income      Deficit      Equity
                   --------- ------ ---------- ------- ----------- ------------ ------------- ----------- -------------
<S>                <C>       <C>    <C>        <C>     <C>         <C>           <C>         <C>            <C>
Balance,
December 31, 2006  4,000,000 $4,000 40,425,027 $40,425 $30,853,661 $   (30,000)  $ (717,860) $(31,111,747)  $ (961,521)

Common stock issued
for cash at $0.18
per  share                 -      -  2,287,500   2,288     454,212      28,500            -             -      485,000

Common stock
issued for services
at $0.20 per share         -      -  5,877,246   5,877   1,052,066           -            -             -    1,057,943

Value of stock purchase
warrants granted           -      -          -       -     207,728           -            -             -      207,728

Value of stock
options issued
under the 2007 stock
option plan                -      -          -       -     131,540           -            -             -      131,540

Contributed
capital                    -      -          -       -      19,850           -            -             -       19,850

Executive
compensation
contributed
by related party           -      -          -       -     240,000           -            -             -      240,000

Amortization of
prepaid expense            -      -          -       -           -      30,000            -             -       30,000

Net income for
the year ended
December
31, 2007                   -      -          -       -           -           -      (20,544)   (5,723,130)  (5,743,674)
                   --------- ------ ---------- ------- ----------- -----------  -------------  ----------  ------------
Balance,
December 31, 2007  4,000,000  4,000 48,589,773  48,590  32,959,057      28,500     (738,404)  (36,834,877)  (4,533,134)

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

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

Value of stock purchase
 warrants granted          -      -          -       -      14,233           -            -             -       14,233

Value of stock options
 issued under stock
 option plans              -      -          -       -     143,144           -            -             -      143,144

Net income for the nine
 months ended September
 30,  2008                 -      -          -       -           -           -     (181,420)    1,734,510    1,553,090
                   --------- ------ ---------- ------- ----------- -----------  -------------  ----------  ------------
Balance,
 September 30, 2008
 (unaudited)       4,000,000 $4,000 52,056,023 $52,056 $33,705,069 $    45,080  $  (919,824) $(35,100,367) $(2,213,986)
                   ========= ====== ========== ======= =========== ===========  =============  ==========  ============
</TABLE>




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

                                        8
<PAGE>
                                 ALPHATRADE.COM
                            Statements of Cash Flows
                                   (unaudited)
                                                      For the Nine Months Ended
                                                            September  30,
                                                     ---------------------------
                                                          2008           2007
                                                     ------------- -------------
CASH FLOWS FROM OPERATING ACTIVITIES                   (restated)

 Net income (loss)                                   $  1,734,510  $ (2,880,381)
 Adjustments to reconcile net income (loss) to
  net cash used by operating activities:
    Depreciation expense                             #     13,745  #     10,010
    Value of stock options and warrants granted           157,377       103,478
    Loss on sale of assets                                145,147        48,350
    Gain on settlement of debt                           (307,972)            -
    Amortization of services prepaid by common stock            -        30,000
    Investments received as payment for accounts
     receivable                                        (2,135,263)     (862,139)
    Common stock issued for services                      394,601       693,240
 Changes in operating assets and liabilities:
    Proceeds from bank overdraft                           16,038             -
    Changes in accounts receivable                   #    (34,077) #     63,483
    Changes in prepaid expenses                            (8,150)        4,148
    Changes in deferred revenues                         (855,815)        7,050
    Changes in related party payables                     436,159     1,239,072
    Changes in accounts payable and accrued expenses       (5,421)    1,239,143
                                                     ------------  ------------
       Net Cash Used in Operating Activities             (449,121)     (304,546)
                                                     ------------  ------------
CASH FLOWS FROM INVESTING ACTIVITIES
 Sale  of  securities                                     100,215        57,899
 Purchase  of  fixed  assets                              (18,579)      (23,396)
                                                     ------------  ------------
       Net Cash Provided by Investing Activities           81,636        34,503
                                                     ------------  ------------
CASH FLOWS FROM FINANCING ACTIVITIES
    Stock subscriptions payable                            16,580             -
    Common stock issued for cash                          197,500       191,000
    Contributed capital                                         -        19,850
                                                     ------------  ------------
       Net Cash Provided by Financing Activities          214,080       210,850
                                                     ------------  ------------
    NET DECREASE IN CASH                                 (153,405)      (59,193)

    CASH AT BEGINNING OF PERIOD                           153,760       147,323
                                                     ------------  ------------
    CASH AT END OF PERIOD                            $        355  $     88,130
                                                     ============  ============
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
  CASH PAID FOR:
    Interest                                         $     64,513  $          -
    Income  Taxes                                    $          -  $          -
  NON CASH FINANCING ACTIVITIES:
   Common stock issued for services and contributions$    394,601  $    693,240
   Value of stock options and warrants granted       $    157,377  $    103,478
                                        9
<PAGE>
                                 ALPHATRADE.COM
                        Notes to the Financial Statements

NOTE 1 - CONDENSED FINANCIAL STATEMENTS

         The accompanying financial statements have been prepared by the Company
         without audit.  In the opinion of management,  all  adjustments  (which
         include only normal recurring  adjustments) necessary to present fairly
         the  financial  position,  results  of  operations  and  cash  flows at
         September 30, 2008 and for all periods presented have been made.

         Certain  information  and  footnote  disclosures  normally  included in
         financial statements prepared in accordance with accounting  principles
         generally  accepted in the United States of America have been condensed
         or omitted. It is suggested that these condensed  financial  statements
         be read in conjunction with the financial  statements and notes thereto
         included  in  the  Company's   December  31,  2007  audited   financial
         statements.  The results of operations for the periods ended  September
         30,  2008 and  2007 are not  necessarily  indicative  of the  operating
         results for the full years.

NOTE 2 - OUTSTANDING COMMON STOCK OPTIONS AND STOCK PURCHASE WARRANTS

         The Company uses the instruments identified as stock options and common
         stock  warrants   somewhat   interchangeably.   Both  forms  of  equity
         instruments have been granted as compensation to the Company's officers
         and directors.

         Under FASB Statement 123R, the Company estimates the fair value of each
         stock award at the grant date by using the Black-Scholes option pricing
         model. The following  weighted  average  assumptions used for grants in
         the periods ended  December 31, 2007 and  September 30, 2008:  dividend
         yield of zero percent for all years;  expected volatility of 74.36% and
         62.01%;  risk-free interest rates of 5.03% and 3.35% and expected lives
         of 1.0 and 3.0, respectively.

         The general terms of awards such as vesting requirements(usually 1 to 2
         years),  term of options  granted  (usually  10  years),  and number of
         shares authorized for grants of options or other equity instruments are
         determined  by the Board of  Directors.  A summary of the status of the
         Company's  stock  options  and  warrants  as of  December  31, 2007 and
         changes  during the periods ended  December 31,  2007and  September 30,
         2008 is presented below:
                                           Weighted    Weighted
                                           Options     Average      Average
                                           and         Exercise     Grant Date
                                           Warrants    Price        Fair Value
                                           -----------------------------------
         Outstanding, December 31, 2006    39,822,997  $   0.38     $    0.38
            Granted                        13,618,000      0.25          0.25
            Expired                        (1,130,000)     0.72          0.72
            Exercised                        (740,650)     0.76          0.76

         Outstanding, December 31, 2007    51,570,347  $   0.36     $    0.36

         Exercisable, December 31, 2007    35,925,350  $   0.40     $    0.40

                                       10
<PAGE>
                                 ALPHATRADE.COM
                        Notes to the Financial Statements

NOTE 2 - OUTSTANDING COMMON STOCK OPTIONS AND STOCK PURCHASE WARRANTS

        (Continued)
                                           Weighted    Weighted
                                           Options     Average      Average
                                           and         Exercise     Grant Date
                                           Warrants    Price        Fair Value
                                           -----------------------------------
         Outstanding, December 31, 2007    51,570,347  $   0.36     $    0.36
            Granted                         9,245,000      0.21          0.21
            Expired                        (2,043,497)     0.73          0.73
            Exercised                        (448,650)     0.25          0.25

         Outstanding, September 30, 2008   58,323,200  $   0.32     $    0.32

         Exercisable, September 30, 2008   36,976,850  $   0.37     $    0.37

NOTE 3 - RESTATED FINANCIAL STATEMENTS

         The Company has restated  its  financial  statements  as of and for the
         period  ended  September  30,  2008  to  reflect  1)  the  reversal  of
         $2,180,912  of   advertising   revenues  not  properly   recognized  in
         accordance  with  the  Company's  revenue  recognition  policy;  2) the
         recording  of  other-than-temporary  impairment  of  available-for-sale
         securities  during the 2007 fiscal  year;  and 3) the  correction  of a
         $200,000   overstatement   of  general  and   administrative   expenses
         pertaining  to  certain  deferred  costs.   The  following   summarized
         financial  statements compare the financial statements before and after
         the restatement.

  BALANCE SHEET

  CURRENT ASSETS                                      (original)    (restated)
   Cash                                              $        355  $        355
   Accounts receivable                                  4,293,267         2,554
   Marketable securities-available for sale             2,370,478     2,370,478
   Marketable securities-available for sale
      related party                                         2,093         2,093
   Prepaid expenses                                         8,900         8,900
                                                     ------------  ------------
   Total Current Assets                                 6,675,093     2,384,380
                                                     ------------  ------------
  PROPERTY AND EQUIPMENT, net                              50,467        50,467
                                                     ------------  ------------
  OTHER ASSETS
   Investments, at cost                                   300,000       300,000
                                                     ------------  ------------
           TOTAL ASSETS                              $  7,025,560  $  2,734,847
                                                     ============  ============






                                       11
<PAGE>
                                 ALPHATRADE.COM
                        Notes to the Financial Statements

NOTE 3 - RESTATED FINANCIAL STATEMENTS (Continued)

 CURRENT LIABILITIES                                  (Original)    (Restated)
     Accounts payable and accrued expenses          $   2,091,429  $  2,091,429
     Bank overdraft                                        16,038        16,038
     Related party payables                             2,626,573     2,626,573
     Deferred revenues                                  1,438,994       214,793
                                                    -------------  ------------
           Total Current Liabilities                    6,173,034     4,948,833
                                                    -------------  ------------
  TOTAL LIABILITIES                                     6,173,034     4,948,833
                                                    -------------  ------------
  STOCKHOLDERS' EQUITY/(DEFICIT)
     Preferred shares: $0.001 par value,10,000,000
      shares authorized: 2,000,000 Class A and
      2,000,000 Class B shares issues and outstanding       4,000         4,000
     Common shares: $0.001 par value, 100,000,000
      shares authorized:  52,506,023 and 48,589,773
      shares issues and outstanding, respectively          52,056        52,056
     Stock subscription payable                            45,080        45,080
     Additional paid-in capital                        33,465,069    33,705,069

     Accumulated other comprehensive income            (1,828,951)     (918,824)
     Accumulated deficit                              (30,884,728)  (35,100,367)
                                                    -------------  ------------
           Total Stockholders' Equity/(Deficit)           852,526    (2,213,986)
                                                    -------------  ------------
           TOTAL LIABILITIES AND
           STOCKHOLDERS' EQUITY/(DEFICIT)           $   7,025,560  $  2,734,847
                                                    =============  ============
STATEMENT OF OPERATIONS
-----------------------
     Subscription revenue                           $   2,317,050  $  2,317,050
     Advertising revenue                                5,909,699     3,528,786
     Other revenue                                        144,553       144,553
                                                    -------------  ------------
           Total Revenues                               8,371,302     5,990,389
                                                    -------------  ------------
  COST OF SALES
     Financial content                                  1,431,112     1,431,112
     Other cost of sales                                    2,538         2,538
                                                    -------------  ------------
           Total Cost of Sales                          1,433,650     1,433,650
                                                    -------------  ------------
  GROSS PROFIT                                          6,937,652     4,556,739
                                                    -------------  ------------
  OPERATING EXPENSES
     Management expense                                   360,000       360,000
     Professional fees                                    884,488       884,488
     Research and development                             395,544       395,544
     Marketing expense                                    639,822       639,822
     General and administrative                           629,826       429,825
                                                    -------------  ------------


                                       12
<PAGE>
                                  ALPHATRADE.COM
                        Notes to the Financial Statements

NOTE 3 - RESTATED FINANCIAL STATEMENTS (Continued)

                                                        (Original)   (Restated)
           Total Operating Expenses                     2,909,680     2,709,679
                                                    -------------  ------------
  INCOME FROM OPERATIONS                                4,027,972     1,847,060
                                                    -------------  ------------
  OTHER INCOME (EXPENSE)
     Gain (Loss) on sale of assets                       (145,147)     (145,147)
     Gain on settlement of debt                           307,974       307,974
     Interest expense                                    (275,377)     (275,377)
                                                    -------------  ------------
           Total Other Income (Expense)                  (112,550)     (112,550)
                                                    -------------  ------------
  NET INCOME BEFORE INCOME TAXES                        3,915,422     1,734,510
  INCOME TAX EXPENSE                                            -             -
                                                    -------------  ------------
  NET INCOME                                        $   3,915,422  $  1,734,510
                                                    =============  ============
  OTHER COMPREHENSIVE INCOME (LOSS)                 $    (181,420) $   (181,420)
                                                    -------------  ------------
  TOTAL COMPREHENSIVE INCOME (LOSS)                 $   3,734,002  $  1,553,090
                                                    =============  ============
  BASIC EARNINGS PER SHARE                          $        0.08  $       0.03

  FULLY DILUTED INCOME PER SHARE                    $        0.03  $       0.01
                                                    =============  ============
  BASIC WEIGHTED AVERAGE NUMBER
    OF SHARES OUTSTANDING                              50,616,857    50,616,857
                                                    =============  ============
  FULLY DILUTED WEIGHTED AVERAGE NUMBER
    OF SHARES OUTSTANDING                             117,593,707   117,593,707
                                                    =============  ============





















                                       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-Q/A.

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.

Restated  Financial  Statements

The Company has restated its financial statements as of and for the period ended
September 30, 2008 to reflect the reversal of $2,180,912 of advertising revenues
not properly  recognized in accordance  with the Company's  revenue  recognition
policy, and an impairment of other-than-temporary  available-for-sale investment
securities  in the  amount  of  $909,127.  The  following  summarized  financial
statements compare the financial statements before and after the restatement.

Restated  Results  of  Operations.

THREE  MONTHS  ENDED  SEPTEMBER  30,  2008  and  2007
-----------------------------------------------------

During the three months ended September 30, 2008, revenue growth slowed due to
the unparalleled turbulence and overall decline in all of the financial markets.
Our advertising business grew minimally as many clients put their marketing and
advertising budgets on hold until the economy picked up or their business
outlook improved. Revenue for 2008's third quarter was $1,867,187, which is a
16% increase over 2007's third quarter revenue of $1,610,378. Advertising
revenues in the third quarter were $1,060,491 in 2008 and $817,523 in 2007. We
revised our advertising pricing to reflect the downturn in the economy so we
could attract new business and to make it easier for clients to make a marketing
buying decision.

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


                                       14
<PAGE>
company, once they sign up, will have complete and accurate financial data on
their profile pages on ZenoBank - this will ensure they are compliant with all
regulatory policies with respect to investor relations.

Our cost of sales for our financial products is directly related to the price of
our financial feeds and content. Some of these costs are fixed monthly fees and
others are based on the number of users or subscribers. We believe the market
conditions at present will encourage people to save money in every way possible
and with the cost effective products AlphaTrade has in both the E-Gate and
advertising programs, we believe this could be beneficial for us in increasing
our client base for all of our products. For the third quarter of 2008 our cost
of sales was 26% of revenues compared to 36% of revenues in 2007. As our
revenues increase, this percentage may become more favorable in terms of
profitable operations.

We realized a net income of $451,117 for the three months ended September 30,
2008 compared to a loss of $1,148,258 for the three months ended September 30,
2007. This is an increase of $1,599,375 and directly related to the growth of
our advertising business. During 2008 we paid $539,822 to consultants for
marketing fees.

Included in professional fees for 2008 are shares of common stock to investor
relations consultants valued at $73,033 compared to $384,676 in 2007 and stock
options to our employees valued at $143,144 compared to $103,864 in 2007. For
the most part, the investor relations consultants are hired to bring new
advertising clients to the company. We realized related party compensation
expense of $120,000 for both 2008 and 2007.

Our operating expenses decreased to $782,641 in 2008 from $2,277,810 in 2007
mainly due to the fact that we did not renew or we terminated our sports
sponsorships.

Historically, many of our expenses are paid in shares of our common stock. The
expenses are recorded at the fair value of the shares issued. Excluding these
non cash expenses the income (loss) for the three months ended September 30,
2008 and 2007 would have been $667,294 and ($763,582), respectively. The loss in
2007 is almost entirely due to the payments made on behalf of our sports
sponsorships.

NINE MONTHS ENDED SEPTEMBER 30, 2008 AND 2007
---------------------------------------------

During the nine months ended September 30, 2008, revenue growth was driven by
our increased advertising business. Revenue for the first three quarters of 2008
was $5,990,389, which is a 49% increase over the revenue for 2007's first three
quarters of $4,028,190. The most substantial growth was advertising and within
that category the largest increase was from referral and repeat business.
Advertising revenue in 2008's first three quarters was $3,528,786 compared to
$1,675,992 in 2007's first three quarters. Our advertising model is unique in
the industry because we have a high traffic website and our audience is
comprised of a specific demographic. We are building a client base of companies
that are seeking brand awareness in combination with building their shareholder
base. Our advertising client base is increasing because we have created
relationships with investor and public relations firms.



                                       15
<PAGE>
We continue to focus on increasing the traffic to our stable of websites to
ensure our advertising clients have a highly desirable demographic target
audience. We are experiencing success with building new subscribers to our
business networking site, www.zenobank.com, which was launched last quarter. The
                          ----------------
site provides a comprehensive forum for companies, business associated with the
financial markets and investors to network using all of the modern, web-based
tools available such as blogs, forums, and chat rooms. Every public company,
once they sign up, will have complete and accurate financial data on their
profile pages on ZenoBank - this will ensure they are compliant with all
regulatory policies with respect to investor relations.

Our cost of sales for our financial products is directly related to the price of
our financial feeds and content. Some of these costs are fixed monthly fees and
others are based on the number of users or subscribers. We believe the market
conditions at present will encourage people to save money in every way possible
and with the cost effective products AlphaTrade has in both the E-Gate and
advertising programs, we believe this could be beneficial for us in increasing
our client base for all of our products. For the first three quarters of 2008
our cost of sales was 28% of revenues compared to 31% in 2007. As our
advertising revenues increase, this percentage may become more favorable in
terms of profitable operations.

We realized net income of $1,734,510 for the first three quarters ended
September 30, 2008 compared to a loss of $2,880,381 for the first three quarters
ended September 30, 2007. This is an increase of $4,614,891 and directly related
to the growth of our advertising business. During the first nine months of 2008,
none of our sports partnerships were active. In some cases, we terminated the
sports sponsorship program for lack of tangible results and in some cases, we
terminated due to breaches. To date in2008 we paid a total of $158,445 to a
number of our sports sponsorship programs. During 2008 we paid $481,377 to
consultants for marketing fees.

Included in professional fees for 2008 are shares of common stock to investor
relations consultants valued at $394,601 compared to $693,240 in 2007 and stock
options to our employees valued at $157,377 compared to $103,478 in 2007. For
the most part, the investor relations consultants are hired to bring new
advertising clients to the company. We realized related party compensation
expense of $360,000 for both 2008 and 2007. Our operating expenses decreased to
$2,709,680 in 2008 from $5,594,259 in 2007 mainly due to the fact that we did
not renew or we terminated our sports sponsorships.

Historically, many of our expenses are paid in shares of our common stock. The
expenses are recorded at the fair value of the shares issued. Excluding these
non cash expenses the income (loss) for the first half of 2008 and 2007 would
have been $2,286,488 and ($2,083,663), respectively. The loss in 2007 is almost
entirely due to the payments made on behalf of our sports sponsorships.










                                       16
<PAGE>
Liquidity  and  Capital  Resources.

We have consistently been financed through loans from related parties and from
raising capital through private equity offerings. We used $449,121 and $304,546
of cash in our operating activities in the first nine months of 2008 and 2007,
respectively. For the nine months ended September 30, 2008 and 2007 we received
cash totaling $214,080 and $210,850 from the issuance of our common stock and
contributed capital. We expect that in the next twelve months the cash generated
by our operations will be adequate to cover our operating expenses.

Given the right circumstances, we would entertain a secondary financing if it
would ensure our growth could be greatly fast-tracked otherwise we will focus on
building our business via revenue growth. Currently, we do not have any
definitive plans for a secondary financing.

We currently have no material commitments for major capital expenditures.


Dependence  on  Key  Personnel

We are dependent on the services of Penny Perfect, the Chief Executive Officer
of the Company. The loss of Ms. Perfect or Gordon Muir, our CTO or other key
executives and personnel, or the inability to attract and retain the additional
highly skilled employees required for the expansion of our activities, may have
a material adverse effect on our business or our future operations.
































                                       17
<PAGE>
Item  3.      Controls  and  Procedures

             As of the end of the period covered by this report, we carried out
an evaluation, under the supervision and with the participation of management,
including our chief executive officer and principal financial officer, of the
effectiveness of the design and operation of our disclosure controls and
procedures as defined in Rules 13a-15(e) and 15d-15(e) of the Securities
Exchange Act of 1934. Based upon that evaluation, our chief executive officer
and principal financial officer concluded that our disclosure controls and
procedures are not 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 changes

in our internal controls or in other factors which could significantly affect
internal controls subsequent to the date we carried out our evaluation.


PART  II  -  OTHER  INFORMATION.

Item  1.  Legal  Proceedings.

AlphaTrade.com is the Defendant in litigation pending in the Supreme Court of
British Columbia, Canada. This action was filed on December 23, 2003 and is
between Zacks Investment Services, Inc. as Plaintiff and AlphaTrade.com as
Defendant. The case number is 5036907.

The Plaintiff alleges that it is owed the sum of $279,664 pursuant to a
licensing Agreement executed by the Plaintiff and the Defendant in 1999.
Alphatrade is aggressively 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 Defense in August, 2002. There has been
no further developments in this action. AlphaTrade plans to vigorously defend
itself.

Arena  Media  Networks  LLC  v.  AlphaTrade.com

Supreme Court of the State of New York, County of New York, Index No. 603406/06

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

Plaintiff Arena Media Networks LLC ("Arena") commenced this action on or about
October 15, 2007 by the filing of a Summons and Complaint. In the Complaint,
Arena asserts causes of action for breach of contract, account stated and unjust
enrichment against the Company arising from the Company's alleged failure to pay
sums purportedly due Arena pursuant to an agreement in which Arena agreed to
place advertising for the Company.

The Company answered the Complaint on February 1, 2008. In its Answer, the
Company denies the material allegations of the Complaint and asserts numerous
affirmative defenses. This action is presently in the discovery stage. The
Company intends to vigorously defend this action.



                                       18
<PAGE>
Professional  Bull  Riders,  Inc.  v.  AlphaTrade.com,

United Stated District Court, District of Colorado, Case No. 08-cv-01017 (MSK)

Plaintiff Professional Bull Riders, Inc. ("PBR") commenced this action against
the Company on or about April 15, 2008 in the District Court of Pueblo County,
Colorado, Case No. 2008CV527. The Company removed this action to the United
States District Court for the District of Colorado on May 15, 2008. In its
Complaint, PBR alleges two causes of action arising from the alleged breach of a
Sponsorship Agreement, as amended, and the alleged breach of a settlement
agreement, and seeks damages of over $1,500,000.

The Company denies the material allegations of the Complaint and intends to
vigorously defend this action.

Tommy  G  Productions,  LLC  v.  AlphaTrade.com,
District  Court,  Pueblo  County,  Colorado,  Case  No.  2008CV1008

Plaintiff Tommy G Productions ("Tommy G") commenced this action against the
Company on or about June 27, 2008 in the District Court of Pueblo County,
Colorado, Case No. 2008CV1008. In its Complaint, Tommy G alleges a cause of
action arising from the alleged breach of a Sponsorship Agreement, and seeks
damages of $30,000.

The Company is required to answer or move with respect to the Complaint on or
before August 10, 2008. The Company denies the allegations of the Complaint and
intends to vigorously defend this action.

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

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

The Company denies the allegations of the Complaint and intends to vigorously
defend this action.

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











                                       19
<PAGE>
Item 2.  Changes  in  Securities.

The following unregistered securities have been issued since January 1st, 2008:
                                                  Valued
Date            No.  of  Shares      Title        At              Reason
Jan./2008          400,000          Common        $0.20           For  cash
Jan./2008          440,750          Common        $0.20           For  services
Feb./2008          300,000          Common        $0.20           For  cash
Feb./2008          480,000          Common        $0.20           For  services
March/2008          45,000          Common        $0.20           For  services
March/2008          25,000          Common        $0.20           For  cash
April/2008          10,000          Common        $0.17           For  services
May/2008           520,000          Common        $0.17           For  services
June/2008          415,000          Common        $0.17           For  services
June/2008          300,000          Common        $0.20           For  cash
July/2008          130,500          Common        $0.165          For  services
Aug./2008          150,000          Common        $0.13           For  services
Aug./2008          200,000          Common        $0.16           For  services
Sept./2008          50,000          Common        $0.15           For  cash

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

Item  3.  Defaults  Upon  Senior  Securities.

           None.

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

           None.

Item  5.  Other  Information.

           None.

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

           (a)  Exhibits

             Exhibit  31.1  Certification of C.E.O. Pursuant to Section 302 of
                            the 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
                                       20
<PAGE>

                                      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 hereunto duly authorized.

                                    AlphaTrade.com
Date: January 13, 2011              By:  /s/ Gordon J. Muir
                                    --------------------------------------------
                                    Gordon J. Muir
                                    CEO/Director

                                    AlphaTrade.com
Date: January 13, 2011              By:  /s/ Katharine Johnston
                                    --------------------------------------------
                                    Katharine Johnston
                                    Principal Accounting Officer

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





































                                       21
<PAGE>



                                  EXHIBIT INDEX

Exhibit Number   Description of Exhibit
--------------   ----------------------
 EX-31.1     Certifications required under Section 302 of the Sarbanes-Oxley Act

 EX-31.2     Certifications required under Section 302 of the Sarbanes-Oxley Act

 EX-32.1     Certifications required under Section 906 of the Sarbanes-Oxley Act

 EX-32.2     Certifications required under Section 906 of the Sarbanes-Oxley Act

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









































                                       23