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

                                   FORM 10-QSB

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

                  For Quarterly period Ended: June 30, 2005; or

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

                For the transition period _________ to __________

                         Commission File Number: 0-25631


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


                                 ALPHATRADE.COM
         ---------------------------------------------------------------
        (Exact name of small business issuer as specified in its charter)

         Nevada                                               98-0211652
 ------------------------------                             ------------------
(State or other Jurisdiction of                            (I.R.S. Employer
 Incorporation or Organization)                             Identification No.)

          SUITE 1322 - 1111 WEST GEORGIA ST, VANCOUVER BC V6E 4M3 CANADA
          -------------------------------------------------------------
               (Address of principal executive offices) (Zip Code)



                                 (604 ) 681-7503
                            -------------------------
                           (Issuer's telephone number)

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

        State the number of shares outstanding of the issuer's common equity:
$0.001 par value, as of June 30, 2005, was 26,496,365.

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



                                       1
<PAGE>
                              Report on Form 10-QSB
                       For the Quarter Ended June 30, 2005

                                      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 ............................. 16



Part II. Other Information

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

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

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

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

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

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

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

                      Certifications...........................31.1-1 - 32.2-1















                                       2
<PAGE>
PART I - FINANCIAL INFORMATION

Item 1. Financial Statements.

The accompanying balance sheets of Alphatrade.com at June 30, 2005 and December
31, 2004, and the related statements of operations, stockholders' equity
(deficit) and cash flows for the three months and six months ending June 30,
2005 and 2004, have been prepared by our management in conformity with
accounting principles generally accepted in the United States. In the opinion of
management, all adjustments considered necessary for a fair presentation of the
results of operations and financial position have been included and all such
adjustments are of a normal recurring nature. Operating results for the quarter
ended June 30, 2005, are not necessarily indicative of the results that can be
expected for the fiscal year ending December 31, 2005.


















                                 ALPHATRADE.COM

                              FINANCIAL STATEMENTS

                       June 30, 2005 and December 31, 2004





















                                       3
<PAGE>
                                 ALPHATRADE.COM
                                 Balance Sheets

                                     ASSETS
                                     ------

                                                     June 30,     December 31,
                                                       2005           2004
                                                  -------------- --------------
                                                    (Unaudited)
CURRENT ASSETS

 Cash                                             $      15,217  $      79,339
 Accounts receivable - trade, net                        17,954            212
 Other receivables                                       10,000              -
 Prepaid expenses                                        51,394          1,000
                                                  -------------  -------------

   Total Current Assets                                  94,565         80,551
                                                  -------------  -------------

FIXED ASSETS, NET                                        46,650         29,825
                                                  -------------  -------------

   TOTAL ASSETS                                   $     141,215  $     110,376
                                                  =============  =============






























   The accompanying notes are an integral part of these financial statements.
                                       4
<PAGE>
                                 ALPHATRADE.COM
                           Balance Sheets (Continued)


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


                                                     June 30,     December 31,
                                                        2005          2004
                                                  -------------- --------------
                                                    (Unaudited)

CURRENT LIABILITIES

 Accounts payable and accrued expenses            $     167,854  $     379,424
 Related party payables                                 884,144      1,569,680
 Deferred revenue                                       205,007        181,963
                                                  -------------  -------------

   Total Current Liabilities                          1,257,005      2,131,067
                                                  -------------  -------------

   Total Liabilities                                  1,257,005      2,131,067
                                                  -------------  -------------


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:
  26,496,365 and 22,032,365 shares
  issued and outstanding, respectively                   26,496         23,033
 Additional paid-in capital                          24,903,597     23,901,910
 Stock subscription payable                              16,753         16,753
 Stock subscription receivable                         (116,550)      (116,550)
 Accumulated deficit                                (25,948,086)   (25,847,837)
                                                  -------------  -------------

   Total Stockholders' Equity (Deficit)              (1,115,790)    (2,020,691)
                                                  -------------  -------------

   TOTAL LIABILITIES AND STOCKHOLDERS'
    EQUITY (DEFICIT)                              $     141,215  $     110,376
                                                  =============  =============







   The accompanying notes are an integral part of these financial statements.
                                       5

<PAGE>
                                 ALPHATRADE.COM
                            Statements of Operations
                                   (Unaudited)

                              For the Three Months      For the Six Months
                                 Ended June 30,            Ended June 30,
                           ------------------------- -------------------------
                                2005        2004         2005         2004
                           ------------ ------------ ------------ ------------
REVENUE

 Subscription revenue      $   638,256  $   433,485  $ 1,271,222  $   766,196
 Licensing revenue              12,000       18,000       30,000       36,000
 Advertising revenue            44,100        9,600       44,700       11,125
 Other revenue                   2,375            -        2,445            -
                           -----------  -----------  -----------  -----------
   Total Revenue               696,731      461,085    1,348,367      813,321
                           -----------  -----------  -----------  -----------
COST OF SALES

 Financial content             226,087      264,123      551,950      575,162
 Other cost of sales             3,478            -        3,478            -
                           -----------  -----------  -----------  -----------
   Total Cost of Sales         229,565      264,123      555,428      575,162
                           -----------  -----------  -----------  -----------
Gross Profit                   467,166      196,962      792,939      238,159
                           -----------  -----------  -----------  -----------
EXPENSES

 Management expense            120,000      120,000      240,000      240,000
 Professional fees              66,804       87,546      114,848      293,108
 Research and development       77,493       69,766      110,199      126,403
 Marketing expense              76,415      164,972      225,596      478,607
 General and administrative
  expenses                     106,393       77,677      202,545      154,810
                           -----------  -----------  -----------  -----------
   Total Expenses              447,105      519,961      893,188    1,292,928
                           -----------  -----------  -----------  -----------
INCOME (LOSS) FROM OPERATIONS   20,061     (322,999)    (100,249)  (1,054,769)

INCOME TAX EXPENSE                   -            -            -            -
                           -----------  -----------  -----------  -----------
NET INCOME (LOSS)          $    20,061  $  (322,999) $  (100,249) $(1,054,769)
                           ===========  ===========  ===========  ===========
NET INCOME (LOSS)
 PER SHARE-BASIC           $      0.00  $     (0.02) $     (0.00) $     (0.05)
                           ===========  ===========  ===========  ===========
DILUTED INCOME PER SHARE   $      0.00          N/A          N/A          N/A
                           ===========
WEIGHTED AVERAGE NUMBER
  OF SHARES                 26,432,475    19,466,112  25,978,332   19,179,013
                           ===========  ============ ===========  ===========




   The accompanying notes are an integral part of these financial statements.
                                       6
<PAGE>
                                 ALPHATRADE.COM
                   Statement of Stockholders' Equity (Deficit)
<TABLE>
<S>                   <C>       <C>     <C>        <C>      <C>         <C>          <C>
                       Preferred Stock     Common Stock     Additional      Net
                      ----------------- -------------------   Paid-In   Subscription  Accumulated
                        Shares  Amount    Shares    Amount    Capital   (Receivable)    Deficit
                      --------- ------- ---------- -------- ----------- ------------ -------------
Balance,
December 31, 2004     2,000,000 $ 2,000 23,032,865 $ 23,033 $23,901,910 $ (99,797)   $(25,847,837)

Common stock issued
 for services at an
 average price of
 $0.32 per share
 (unaudited)                  -       -    343,500      343     108,807         -               -

Common stock issued
 for cash at an
 average price of
 $0.38 per share
 (unaudited)                  -       -    120,000      120      44,880         -               -

Common stock issued
 for debt at an
 average price of
 $0.22 per share
 (unaudited)                  -       -  3,000,000    3,000     732,000         -               -

Services contributed
 to the Company by
 officers and
 directors (unaudited)        -       -          -        -     120,000         -               -

Stock offering costs
 (unaudited)                  -       -          -        -      (4,000)        -               -

Net loss for the six
 months ended June 30,
 2005(unaudited)              -       -          -        -           -         -        (100,249)
                      --------- ------- ---------- -------- ----------- ---------    ------------
Balance,
 June 30, 2005
 (unaudited)          2,000,000 $ 2,000 26,496,365 $ 26,496 $24,903,597 $ (99,797)   $(25,948,086)
                      ========= ======= ========== ======== =========== =========    ============
</TABLE>










 The accompanying notes are an integral part of these financial statements.
                                       7
<PAGE>
                                 ALPHATRADE.COM
                            Statements of Cash Flows
                                  (Unaudited)
                                                       For the Six Months Ended
                                                                 June 30,
                                                       ------------------------
                                                            2005        2004
                                                        ----------- -----------
CASH FLOWS FROM OPERATING ACTIVITIES

 Net loss                                               $ (100,249) $(1,054,769)
 Adjustments to reconcile net loss to net cash used
  by operating activities:
   Common stock issued for services and contributions      109,150      479,591
   Contribution of services by officers and directors      120,000            -
   Amortization of services prepaid by common stock              -       27,321
   Depreciation expense                                      4,142       18,545
  Changes in operating assets and liabilities:
   (Increase) decrease in accounts receivable              (17,742)       4,462
   (Increase) in prepaid expenses and other receivables    (60,394)      (3,814)
   Increase (decrease) in accounts payable and accrued
     expenses                                             (211,570)     373,247
   Increase (decrease) in related party payables            49,464            -
   Increase in deferred revenue                             23,044       66,269
                                                        ----------  -----------
     Net Cash Used by Operating Activities                 (84,155)     (89,148)
                                                        ----------  -----------
CASH FLOWS FROM INVESTING ACTIVITIES

 Purchase of fixed assets                                  (20,967)           -
                                                        ----------  -----------
     Net Cash Used by Investing Activities                 (20,967)           -
                                                        ----------  -----------
CASH FLOWS FROM FINANCING ACTIVITIES

 Stock offering costs paid                                  (4,000)      (9,700)
 Common stock issued for cash                               45,000      135,450
                                                        ----------  -----------
     Net Cash Provided by Financing Activities              41,000      125,750
                                                        ----------  -----------
NET CHANGE IN CASH                                         (64,122)      36,602

CASH AT BEGINNING OF PERIOD                                 79,339        6,562
                                                        ----------  -----------
CASH AT END OF PERIOD                                   $   15,217  $    43,164
                                                        ==========  ===========










 The accompanying notes are an integral part of these financial statements.
                                       8
<PAGE>
                                 ALPHATRADE.COM
                      Statements of Cash Flows (Continued)
                                   (Unaudited)
                                                       For the Six Months Ended
                                                                 June 30,
                                                       ------------------------
                                                            2005        2004
                                                        ----------- -----------
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:

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

SCHEDULE OF NON-CASH FINANCING ACTIVITIES:

 Common stock issued for services                       $  109,150   $  479,591
 Contribution of services by officers and directors     $  120,000   $        -
 Common stock issued for extinguishment of debt         $  735,000   $   28,500
 Common stock issued for stock subscription receivable  $        -   $   11,550





































The accompanying notes are an integral part of these financial statements.
                                       9
<PAGE>
                                 ALPHATRADE.COM
                        Notes to the Financial Statements
                       June 30, 2005 and December 31, 2004


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,  2004  Annual  Report  on Form  10-KSB.
         Operating  results  for  the three months and six months ended June 30,
         2005 are not necessarily indicative of the results that may be expected
         for the year ending December 31, 2005.

NOTE 2 - GOING CONCERN

         The  Company's  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 does not have sufficient
         revenues  to cover  operating  costs and has a deficit  in its  working
         capital as well as a deficit in its stockholders' equity.

         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  and revenues.  Management's  plans to continue as a
         going concern include the following items:

         1) Concentrating its efforts on increasing the number of subscribers to
            its stock tracking product,known as e-gate thereby increasing sales.

         2) Continuing  to increase  its gross profit  percentage  by increasing
            sales.

         3) Converting  related  party  debt  to equity  when cash flow does not
            permit  cash  payments  which  will  decrease the deficit in working
            capital as well as the deficit in stockholders equity.

         The ability of the Company to continue as a going  concern is dependent
         upon its ability to  successfully  accomplish the plan described in the
         preceding  paragraph and eventually attain profitable  operations.  The
         accompanying  financial  statements do not include any adjustments that
         might be  necessary  if the  Company is unable to  continue  as a going
         concern.

                                       10
<PAGE>
                                 ALPHATRADE.COM
                        Notes to the Financial Statements
                       June 30, 2005 and December 31, 2004

NOTE 3 - SIGNIFICANT EVENTS

         During the six months ended June 30, 2005,  the Company  issued 343,500
         shares of common  stock  valued at an average  price of $0.32 per share
         for services.

         During the six months ended June 30, 2005, the Company issued 3,000,000
         shares  of  common   stock  at  an  average  of  $0.22  per  share  for
         extinguishment of debt.

         During the six months ended June 30, 2005,  the Company  issued 120,000
         shares of common  stock  valued at an average  price of $0.38 per share
         for cash.

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

NOTE 4 - RELATED PARTY TRANSACTIONS

         The Company receives advances from several related parties on a regular
         basis.  During the six months ended June 30, 2005, related parties were
         repaid $77,791 by the Company which payments were offset by the accrual
         of officer salaries of $120,000 for the six months ended June 30, 2005.
         Officer  salaries of $120,000 for the quarter ended March 31, 2005 were
         forgiven by the contracting management companies.  The Company recorded
         the value of the services as an expense and contributed capital.

NOTE 5 - OPTIONS AND WARRANTS

         Under FASB Statement 148, the Company  estimates the fair value of each
         stock award at the grant date by using the Black-Scholes option pricing
         model with the following weighted average  assumptions used for grants,
         respectively;  dividend  yield of zero percent for all years;  expected
         volatility of 151.20% and 0.00%;  risk-free interest rates of 2.14, and
         2.77  percent  and  expected  lives of 5.0 and 0.0,  for the six months
         ended June 30, 2005 and 2004, 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 $-0- and  $1,645,000 for the six months ended
         June 30, 2005 and 2004, respectively. Also under these same provisions,
         the Company's net loss would have been changed by the pro forma amounts
         indicated below:







                                       11
<PAGE>
                                 ALPHATRADE.COM
                        Notes to the Financial Statements
                       June 30, 2005 and December 31, 2004

NOTE 5 - OPTIONS AND WARRANTS (Continued)

                                           For the Six Months Ended
                                                     June 30,
                                          -----------------------------
                                               2005          2004
                                          -------------- --------------
         Net loss:
           As reported                    $    (100,249)  $ (1,054,769)
           Pro forma                      $    (100,249)  $ (2,699,769)

                                                     June 30,
                                          -----------------------------
                                               2005          2004
                                          -------------- --------------
         Basic loss per share:
           As reported                    $       (0.00) $       (0.57)
           Pro forma                      $       (0.00) $       (0.57)

         A summary of the status of the Company's  stock options and warrants as
         of June 30, 2005 and changes  during the six months ended June 30, 2005
         is presented below:

                                                      Weighted   Weighted
                                            Options    Average   Average
                                              and     Exercise  Grant Date
                                            Warrants    Price   Fair Value
                                           ---------- --------  ----------
         Outstanding, December 31, 2004    19,788,812 $   0.46  $     0.46
           Expired/Canceled                     3,015    12.50       12.50
           Granted                            225,000     0.87        0.87
           Exercised                          163,500     0.90        0.90
                                           ---------- --------  ----------
              Outstanding, June 30, 2005   19,847,297 $   0.46  $     0.46
                                           ========== ========  ==========
              Exercisable, June 30, 2005   19,147,297 $   0.45  $     0.45
                                           ========== ========  ==========

NOTE 6 - SUBSEQUENT EVENTS

         On July 11, 2005, the Company granted options for 4,500,000 shares of
         its common stock under its 2005 Stock Incentive Plan at $0.25 per
         share. The options vested 25% at the grant date with further vesting to
         be determined later. Also, the Company issued 20,000 shares previously
         granted under the 2003 Stock Option Plan for services rendered.
         Additionally, the Company issued to the management companies of its
         officers and directors Cashless Warrants to purchase 6,000,000 shares
         of its common stock at $0.22 per share.





                                       12
<PAGE>
                                 ALPHATRADE.COM
                        Notes to the Financial Statements
                       June 30, 2005 and December 31, 2004

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.

Business Overview

AlphaTrade.com is a technology company that specializes in building internet
products. Our primary product is E-Gate, a high performance stock market data
product that was designed to provide professionals, institutions, investors and
day traders with a low cost, state-of-the-art product. E-Gate is a modular
system comprised of a comprehensive suite of applications which allows the
company to upgrade or add components without affecting the end user's ability to
navigate through the system.

E-Gate combines real-time, streaming stock market data with key fundamental data
within these applications. All of the applications are easily personalized by
each subscriber thereby providing each subscriber with the ability to create
their own workstation. We also white-brand and customize E-Gate at no extra
charge for our professional and corporate customers to enhance their corporate
loyalty programs. This service is valuable when companies are seeking ways to
maximize client retention and create customer loyalty. Additionally, E-Gate is
multi-lingual which allows us to penetrate foreign markets and create
international marketing programs to expose our service to other markets.

E-Gate is marketed as a monthly subscription service with a complete suite of
integrated financial products providing real time, dynamically updating access
to stock market data, research, news, analytics and industry events. E-Gate's
open framework and proprietary back-end permits subscribers to access detailed
stock market information easily through separate applications.

AlphaTrade's customer base for our monthly subscriptions service is primarily
brokerage firms and active traders. Our customer base for our advertising is
companies that are public or have a product to market to our database. Our


                                       13
<PAGE>
customer base for our financial web tools are for the most part, financially
oriented websites. AlphaTrade also has an affiliate and partnership program that
is easy to implement and has proven to be very successful in getting new
subscribers. AlphaTrade benefits from greater exposure which results in more
subscriptions and a reduced marketing cost and the host website benefits from
customer loyalty and an enhanced image.

E-Gate is upgraded with new products or features "on the fly" which
maintains the integrity of our user-friendly technology. E-Gate also has a
modular architecture which has fully been developed by AlphaTrade. For the
consumer, this means each application is independent of the other and therefore
not co-dependent on any other application. This flexible technological feature
contributes to our ability to rapidly increase the number of subscribers without
any loss of quality. For instance, we could easily add hundreds of thousands of
new subscribers or even all of the clients of a large brokerage firm in a matter
of days and still maintain the first class quality of the E-Gate product.

We believe that our growing number of international subscribers has been a
strong network and has assisted in fast-tracking our marketing goals. In
combination with other more direct marketing venues such as direct mail, trade
shows, banner ads, radio, TV and print as well as highly targeted email
campaigns, our marketing is definitely augmented by our customer referral
program. Our marketing campaign focuses on our quality customer service, product
reliability and attractive pricing. We believe that our business strategy will
allow us to continue to gain market share, extend our industry leadership and
continue to improve our financial performance.


Results of Operations.

Three Months Ended June 30, 2005

During the three months ended June 30, 2005, revenue increased over the same
period of 2004. However the rate of growth has declined during the second
quarter due to a corporate focus on adding additional products that will provide
for new revenue streams in the future such as our E-Trax web based products and
our Pocket surfer. Subscription revenue for the second quarter in 2005 was
$638,256 which is a 47% increase over the same period in 2004's subscription
revenue of $433,485. The increase in revenue is directly attributable to
increased marketing of the E-Gate product. By making E-Gate reliable, cost
effective, user friendly and technologically advanced, Alphatrade has proven
that E-Gate can become the product of choice for professionals in the financial
services industry. We recorded an increase in advertising revenues due to a
targeted marketing program to diversify our revenue streams. We earned $44,100
from advertising in 2005 compared to $9,600 in 2004. Management anticipates that
advertising revenue will become one of our fastest growing revenue streams.

Our cost of sales is the cost of the financial content we aggregate into E-Gate
and provide to our subscribers. Many of these costs are fixed monthly fees.
Others are on a per user basis with no monthly cost. For the second quarter of
2005 our cost of sales for financial content was 35% of subscription revenues
compared to 61% in 2004. The cost was unusually low because we were given
discounts with some of our content providers on previously accrued overcharges.
These credits totaled approximately $52,108. If the credits are added back into
cost of sales the comparative figure is 44% which is an amount more in keeping
with our present sales levels and still well below 2004's figure of 61%.

                                       14
<PAGE>
We incurred a net income of $20,061 for the three months ended June 30, 2005
compared to a loss of $322,999 for the three months ended June 30, 2004. If the
credit received for over charges were deducted from the net income we would have
reported a loss of $32,047. This is a decrease of $290,952. Included in the loss
for 2004 was $479,591 as the value of shares of our common stock issued for
services.

Six Months Ended June 30, 2005

During the six months ended June 30, 2005, revenue significantly increased over
the same period of 2004. Subscription revenue for 2005 was $1,271,222, which is
a 66% increase over 2004 subscription revenue of $766,196. 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 received $36,000 in licensing fees and $11,125 in
advertising fees, respectively.

Our cost of sales is the cost of the financial content we aggregate into E-Gate
and provide to our subscribers. Many of these costs are fixed monthly fees.
Others are on a per user basis with no monthly cost. For the second quarter of
2005 our cost of sales for financial content was 35% of subscription revenues
compared to 61% in 2004. The cost was unusually low because we were given
discounts with some of our content providers on previously accrued overcharges.
These credits totaled approximately $52,108. If the credits are added back into
cost of sales the comparative figure is 44% which is an amount more in keeping
with our present sales levels and still well below 2004's figure of 61%.

We incurred a net loss of $100,249 for the six months ended June 30, 2005
compared to $1,054,769 for the six months ended June 30, 2004. This is a
decrease of $954,520. Included in the loss for 2004 was $240,000 as the accrued
value of compensation to officers and directors for their services. The officers
and directors forgave their right to compensation in the first quarter of 2005
however the expense was recorded as well as an offsetting contribution to
capital in accordance with United States generally accepted accounting
principles. This resulted in a decrease in related party compensation of
$120,000 for 2005 as accrued to the related party payables. The expense category
has been renamed as management expense from related party compensation to better
reflect the nature of the cost.

Many of our expenses are paid in shares of our common stock. The expenses are
recorded at the fair value of the shares issued. We issued shares valued at
$479,591 in 2004 compared to only $109,150 in 2005. This is primarily the reason
why professional fees expense decreased from $293,108 in 2004 to $114,848 in
2005 and our marketing expense decreased from $478,607 in 2004 to $225,596 in
2005.

Liquidity and Capital Resources.

We have historically been financed through loans from raising capital through
private equity offerings. We used $84,155 and $89,148 of cash in our operating
activities in the first half of 2005 and 2004, respectively.





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<PAGE>
For the six months ended June 30, 2004 we received cash totaling $135,450 from
the issuance and subscription of our common stock pursuant to Rule 144 and
$45,000 for the same period of 2005. We expect that for the next twelve months
the cash generated by our operations will be adequate to cover our cash flow.

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 2005.

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/Chief
Executive Officer and the Chief Technical Officer. The loss of these two 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.


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


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<PAGE>
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, 2005:
                                                 Valued
Date          No. of Shares      Title          At          Reason

Jan. 10/05       2,000,000      Common         $0.22   Private Placement
Jan. 12/05          25,000      Common         $0.22   Charitable contributions
Jan. 28/05          20,000      Common         $0.27   Services
Feb.  9/05          15,000      Common         $0.24   Services
Mar.  4/05         125,000      Common         $0.30   Services
Mar.  4/05       1,000,000      Common         $0.30   Private Placement
Mar. 21/05          65,000      Common         $0.37   Services
Apr.  4/05          73,500      Common         $0.35   Services
May   2/05          20,000      Common         $0.40   Services
May   2/05         100,000      Common         $0.40   Private Placement
June 23/05          25,000      Common         $0.25   Exercise of Options

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.



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<PAGE>
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




                                   SIGNATURES

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




                                                   ALPHATRADE.COM


Date:    7/28/2005                                 / s / Penny Perfect
                                                   ----------------------------
                                                   President / Director


Date:    7/28/2005                                 / s / Katharine Johnston
                                                   ----------------------------
                                                   Principal Accounting Officer



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