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

                                   FORM 10-QSB

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

                  For Quarterly period Ended: September 30, 2006; or

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

                For the transition period _________ to __________

                         Commission File Number: 0-25631

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



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

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

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

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

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

        State the number of shares outstanding of the issuer's common equity:
$0.001 par value, as of September 30, 2006, was 33,698,365.

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







                                       1
<PAGE>
                              Report on Form 10-QSB
                       For the Quarter Ended September 30, 2006

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

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

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

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

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

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

                      Certifications.....................................20-25















                                       2
<PAGE>
PART I - FINANCIAL INFORMATION

Item 1. Financial Statements.

The accompanying balance sheets of Alphatrade.com at September 30, 2006 and
December 31, 2005, and the related statements of operations, stockholders'
equity (deficit) and cash flows for the three months and nine months ending
September 30, 2006 and 2005, have been prepared by our management in conformity
with United States generally accepted accounting principles. 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 September 30, 2006, are not necessarily indicative of the results that can
be expected for the fiscal year ending December 31, 2006.

















                                 ALPHATRADE.COM

                              FINANCIAL STATEMENTS

                    September 30, 2006 and December 31, 2005





















                                       3
<PAGE>
                                 ALPHATRADE.COM
                                 Balance Sheets

                                     ASSETS
                                     ------

                                                  September 30,   December 31,
                                                        2006          2005
                                                  -------------- --------------
                                                    (Unaudited)
CURRENT ASSETS

 Cash                                             $     53,435   $    147,408
 Accounts receivable - trade, net                       49,094          5,830
 Prepaid expenses                                       12,815         12,729
 Prepaid expenses - related parties                     29,122        216,731
                                                  ------------   ------------
   Total Current Assets                                144,466        382,698
                                                  ------------   ------------
PROPERTY AND EQUIPMENT, NET                             40,596         46,531
                                                  ------------   ------------
OTHER ASSETS

 Investments                                           169,925          8,800
 Related party investment                               99,333        312,000
                                                  ------------   ------------
   Total Other Assets                                  269,258        320,800
                                                  ------------   ------------
   TOTAL ASSETS                                   $    454,320   $    750,029
                                                  ============   ============

























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

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

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

 Accounts payable and accrued expenses            $    420,069   $    348,875
 Related party payables                                571,324        429,927
 Deferred revenue                                      212,732        204,753
                                                  ------------   ------------
   Total Current Liabilities                         1,204,125        983,555
                                                  ------------   ------------
   Total Liabilities                                 1,204,125        983,555
                                                  ------------   ------------
STOCKHOLDERS' EQUITY (DEFICIT)

 Convertible preferred stock: par value
  $0.001 per share; 10,000,000 shares
  authorized, 2,000,000 Class A shares
  issued and outstanding                                 2,000          2,000
 Common stock: $0.001 par value, 100,000,000
  shares authorized: 33,698,365 and
  29,898,865 shares issued and outstanding,
  respectively                                          33,698         29,899
 Additional paid-in capital                         27,162,381     26,023,780
 Stock subscription receivable                         (99,797)       (99,797)
 Accumulated other comprehensive income (loss)        (299,145)       185,800
 Accumulated deficit                               (27,548,942)   (26,375,208)
                                                  ------------   ------------
   Total Stockholders' Equity (Deficit)               (749,805)      (233,526)
                                                  ------------   ------------
   TOTAL LIABILITIES AND STOCKHOLDERS'
    EQUITY (DEFICIT)                              $    454,320   $    750,029
                                                  ============   ============
















     The accompanying condensed notes are an integral part of these interim
                             financial statements.
                                       5
<PAGE>
                                 ALPHATRADE.COM
                            Statements of Operations

                           For the Three Months Ended For the Nine Months Ended
                                 September 30,               September 30,
                           -------------------------- -------------------------
                               2006          2005         2006         2005
                           ------------  ------------ ------------ ------------
REVENUE
 Subscription revenue      $   701,526   $   642,182  $ 2,080,760  $ 1,913,404
 Licensing revenue                   -             -            -       30,000
 E-Trax revenue                 11,283             -       58,110            -
 Advertising revenue           347,807       135,870      854,992      180,570
 Other revenue                      93         8,936          943       11,381
                           -----------   -----------  -----------  -----------
   Total Revenue             1,060,709       786,988    2,994,805    2,135,355
                           -----------   -----------  -----------  -----------
COST OF SALES
 Financial content             468,975       353,894    1,313,071      905,844
 Other cost of sales             1,815         2,167        3,851        5,645
                           -----------   -----------  -----------  -----------
   Total Cost of Sales         470,790       356,061    1,316,922      911,489
                           -----------   -----------  -----------  -----------
   Gross Profit                589,919       430,927    1,677,883    1,223,866
                           -----------   -----------  -----------  -----------
EXPENSES
 Management expense            120,000       120,000      360,000      360,000
 Professional fees             554,968         9,551    1,018,888      124,399
 Research and development      103,390        80,850      342,320      191,049
 Marketing expense              78,761       100,954      360,160      326,550
 General and administrative
  expenses                     148,946       143,347      755,467      345,892
                           -----------   -----------  -----------  -----------
   Total Expenses            1,006,065       454,702    2,836,835    1,347,890
                           -----------   -----------  -----------  -----------
INCOME (LOSS)
  FROM OPERATIONS             (416,146)      (23,775)  (1,158,952)    (124,024)
                           -----------   -----------  -----------  -----------
OTHER INCOME (EXPENSE)
  Gain (loss) on sale of
   Investments                 (14,782)            -      (14,782)           -
                           -----------   -----------  -----------  -----------
   Total Other Income
    (Expense)                  (14,782)            -      (14,782)           -
                           -----------   -----------  -----------  -----------
INCOME TAX EXPENSE                   -             -            -            -
                           -----------   -----------  -----------  -----------
NET INCOME (LOSS)          $  (430,928)  $   (23,775) $(1,173,734) $  (124,024)
                           ===========   ===========  ===========  ===========
NET INCOME (LOSS)
  PER SHARE-BASIC          $     (0.01)  $     (0.00) $     (0.04) $     (0.01)
                           ===========   ===========  ===========  ===========
WEIGHTED AVERAGE NUMBER
  OF SHARES                 32,725,986    26,691,623   31,270,687   26,214,958
                           ===========   ===========  ===========  ===========
     The accompanying condensed notes are an integral part of these interim
                             financial statements.
                                        6
<PAGE>
                                 ALPHATRADE.COM
                  Statements of Stockholders' Equity (Deficit)
<TABLE>
<S>                 <C>       <C>    <C>        <C>     <C>         <C>          <C>           <C>
                     Preferred Stock    Common Stock    Additional       Net         Other
                    ---------------- ------------------  Paid-In    Subscription Comprehensive  Accumulated
                      Shares  Amount   Shares   Amount   Capital    (Receivable) Income (Loss)    Deficit
                    --------- ------ ---------- ------- ----------- ------------ ------------- -------------
Balance,
 December 31, 2005  2,000,000 $2,000 29,898,865 $29,899 $26,023,780 $  (99,797)  $   185,800   $(26,375,208)

Common stock
 issued for cash
 on exercise of
 warrants at
 $0.25 per share
 (unaudited)                -      -    115,000     115      28,635          -             -              -

Common stock
 issued for
 services at an
 average price of
 $0.21 per share
 (unaudited)                -      -  3,684,500   3,684     772,530          -             -              -

Value of options
 issued under the
 2006 stock option
 plan (unaudited)           -      -          -       -     337,436          -             -              -

Net loss for the
 nine months ended
 September 30, 2006
 (unaudited)                -      -          -       -           -          -      (484,945)    (1,173,734)
                    --------- ------ ---------- ------- ----------- ----------   -----------   ------------
Balance,
 September 30, 2006
 (unaudited)        2,000,000 $2,000 33,698,365 $33,698 $27,162,381 $  (99,797)  $  (299,145)  $(27,548,942)
                    ========= ====== ========== ======= =========== ==========   ===========   ============
</TABLE>

























     The accompanying condensed notes are an integral part of these interim
                             financial statements.
                                        7
<PAGE>
                                 ALPHATRADE.COM
                            Statements of Cash Flows
                                   (Unaudited)
                                                     For the Nine Months Ended
                                                             September 30,
                                                     -------------------------
                                                          2006         2005
                                                     ------------  -----------
CASH FLOWS FROM OPERATING ACTIVITIES

 Net loss                                            $ (1,173,734) $  (124,024)
 Adjustments to reconcile net loss
  to net cash used by operating
  activities:
   Common stock issued for services and contributions     776,214      135,550
   Value of options granted                               337,436            -
   Contribution of services by officers and directors           -      120,000
   Amortization of services prepaid by common stock       174,676            -
   Depreciation expense                                     9,220        6,497
   Investments received as payment for accounts
     receivable                                          (471,510)           -
   Allowance for bad debts                                      -       13,977
   Gain (loss) on sale of investments                      14,782            -
   Changes in operating assets and liabilities:
   (Increase) Decrease in accounts receivable             (43,264)     (17,742)
   (Increase) decrease in prepaid expenses                 12,847     (131,087)
   Increase (decrease) in accounts payable and
     accrued expenses                                      71,194     (179,752)
   Increase (decrease) in related party payables          141,397       52,646
   Increase in deferred revenue                             7,979       28,723
                                                     ------------  -----------
       Net Cash Used by Operating Activities             (142,763)     (95,212)
                                                     ------------  -----------
CASH FLOWS FROM INVESTING ACTIVITIES

 Sale of investments                                       23,325            -
 Purchase of fixed assets                                  (3,285)     (22,783)
                                                     ------------  -----------
       Net Cash Used by Investing Activities               20,040      (22,783)
                                                     ------------  -----------
CASH FLOWS FROM FINANCING ACTIVITIES

 Stock offering costs paid                                      -       (4,000)
 Common stock issued for cash                              28,750       52,500
                                                     ------------  -----------
       Net Cash Provided by Financing Activities           28,750       48,500
                                                     ------------  -----------
NET CHANGE IN CASH                                        (93,973)     (69,495)

CASH AT BEGINNING OF PERIOD                               147,408       79,339
                                                     ------------  -----------
CASH AT END OF PERIOD                                $     53,435  $     9,844
                                                     ============  ===========


     The accompanying condensed notes are an integral part of these interim
                             financial statements.
                                        7
<PAGE>
                                 ALPHATRADE.COM
                      Statements of Cash Flows (Continued)
                                   (Unaudited)
                                                     For the Nine Months Ended
                                                              September 30,
                                                     -------------------------
                                                          2006         2005
                                                     ------------  -----------
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:

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

SCHEDULE OF NON-CASH FINANCING ACTIVITIES:

 Common stock issued for services and contributions  $    776,214  $   135,550
 Contribution of services by officers and directors  $          -  $   120,000
 Common stock issued for extinguishment of debt      $          -  $ 1,205,000
 Value of stock options granted                      $    337,436  $         -




































     The accompanying condensed notes are an integral part of these interim
                             financial statements.
                                        9
<PAGE>
                                 ALPHATRADE.COM
                        Notes to the Financial Statements
                    September 30, 2006 and December 31, 2005

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  includes  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,  2005  Annual  Report  on Form  10-KSB.
         Operating  results for the nine months ended September 30, 2006 are not
         necessarily indicative of the results that may be expected for the year
         ending December 31, 2006.

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 has recorded significant
         losses from operations and has a deficit in its working capital as well
         as in its  stockholders'  equity which together raise substantial doubt
         about its ability to continue as a going concern.

         In order to continue as a going concern and achieve a profitable  level
         of operations,  the Company will need, among other things,  to increase
         sales of its advertising and subscription services.

         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.  As  the  number  of
         subscribers rises, the price charged for advertising will also increase
         thereby increasing  revenue. 2) Continuing to increase its gross profit
         percentage  by  increasing  advertising  sales as the cost base is very
         favorable for advertising  sales.  3) Converting  related party debt to
         equity when cash flow does not permit cash payments of this debt.

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


                                       10
<PAGE>
                                 ALPHATRADE.COM
                        Notes to the Financial Statements
                    September 30, 2006 and December 31, 2005

NOTE 3 - SIGNIFICANT EVENTS

         During the nine months ended  September  30, 2006,  the Company  issued
         3,684,500  shares of common stock  valued at an average  price of $0.21
         per share for consulting services for marketing the Company's products,
         legal services and for investor  relations  services.  All issuances of
         common  stock for  services  were  valued at the  closing  price of the
         common stock on the dates of authorization.

         During the nine months ended  September  30, 2006,  the Company  issued
         115,000  shares  of common  stock for cash at $0.25 per share  upon the
         exercise of options granted under its 2004 Incentive Stock Option Plan.

NOTE 4 - RELATED PARTY TRANSACTIONS

         The Company receives advances from several related parties on a regular
         basis. During the nine months ended September 30, 2006, related parties
         advanced $141,397 to the Company.  Officer salaries of $360,000 for the
         nine  months  ended  September  30,  2006 were paid to the  contracting
         management companies.

NOTE 5 - OPTIONS AND WARRANTS

         Under FASB Statement 123, the Company  estimates the fair value of each
         stock award at the grant date by using the Black-Scholes option pricing
         model with the following weighted average  assumptions used for grants,
         respectively;  dividend  yield of zero percent for all years;  expected
         volatility of 111.88% and 151.20%;  risk-free  interest  rates of 3.50,
         and 2.14 percent and expected lives of 1.0 and 5.0, for the nine months
         ended September 30, 2006 and 2005, respectively.

         In January 2006 the Company  created the 2006 Stock Option Plan whereby
         it granted the option to purchase  4,500,000 shares of its common stock
         at $0.32 per share to certain directors, consultants and employees. The
         options were 25% vested at the date granted and additional vesting will
         be  determined  by the Board of  Directors.  Compensation  cost for the
         Company's  stock options  granted was $337,436 and $-0- during the nine
         months ended September 30, 2006 and 2005, respectively.

         A summary of the status of the Company's  stock options and warrants as
         of  September  30,  2006  and  changes  during  the nine  months  ended
         September 30, 2006 is presented below:











                                       11
<PAGE>
                                                    Weighted   Weighted
                                          Options    Average   Average
                                            and     Exercise  Grant Date
                                          Warrants   Price    Fair Value
                                         ---------- --------  ----------
         Outstanding, December 31, 2005  33,797,497 $   0.38  $     0.38
           Granted                        4,507,500     0.32        0.32
           Expired/Canceled                       -     0.00        0.00
           Exercised                       (122,500)    0.25        0.25
                                         ---------- --------  ----------
         Outstanding, September 30, 2006 38,182,497 $   0.38  $     0.38
                                         ========== ========  ==========
         Exercisable, September 30, 2006 26,027,000 $   0.40  $     0.40
                                         ========== ========  ==========











































                                       12
<PAGE>
Item 2.  Management's Discussion and Analysis of Financial Condition or Plan of
         Operations

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

Forward-looking and Cautionary Statements

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

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

Results of Operations.

During the three months ended September 30, 2006, revenue significantly
increased over the same period of 2005. Revenue for 2006 was $1,060,709, which
is a 35% increase over fiscal 2005 sales of $786,988. An increase in revenue was
realized in all of our products and services but is most directly attributable
to increased advertising revenues. Advertising revenues grew from $135,870 in
2005 to $347,807 in 2006. We have established a reputation as a professional
advertising medium for publicly traded companies wishing to gain exposure
directly with people who are actively trading in the stock market. We also have
gained considerable success with companies wishing to market their products via
our long-form advertising programs. Our new product mix which includes
advertising, our mobile product Jupiter, our web-tools - E-Trax and our new due
diligence site are definitely adding to our momentum of growth. Our primary
revenue source of E-gate subscription revenues also grew to $701,526 in 2006
from $642,182 in 2005.

We believe that the majority of our growth in revenue will be generated from our
advertising programs. As our subscriber base grows both in North America and
internationally we believe that the number of companies advertising with us will
increase.

Our cost of sales is the cost of the financial content we provide to our
subscribers. Many of these costs are fixed monthly fees. Others are on a per
user basis. Accordingly, normally as our subscription fees increase the cost of
sales as a percentage of revenues decreases. However, in 2006 most of our data
feed suppliers increased their prices to us. For the first quarter of 2005 our
cost of sales was 55% of subscription revenues compared to 69% in 2006. As our
subscription revenues increase, the cost of sales percentage will become more
favorable.

We realized a net loss of $23,775 for the three months ended September 30, 2005
compared to a net loss of $430,928 for the three months ended September 30,


                                       13
<PAGE>
2006. This is an increase in net loss of $407,153 and directly related to
issuing stock to consultants for marketing, legal and investor relations
services. The shares of common stock issued to these consultants were valued at
$449,549. The investor relations consultants were engaged to create an increased
awareness of our company in the investment community with the expectation of
increasing revenues and opening doors to investment capital. The legal expenses
were incurred in our efforts to open up the market in Dubai. We realized related
party compensation expense of $120,000 for both 2006 and 2005. Our marketing
expense decreased from $100,954 in 2005 to $78,761 for 2006 as we concentrated
on expanding our product line. We increased our research and development expense
from $80,850 in 2005 to $103,390 in 2006 as we developed expanded capabilities
for our mobile product Jupiter, our web-tools - E-Trax and our new due diligence
site.

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 we would have reported an income of $18,621 for the three
months ended September 30, 2006.

During the nine months ended September 30, 2006, revenue significantly increased
over the same period of 2005. Revenue for 2006 was $2,080,760, which is a 9%
increase over fiscal 2005 sales of $1,913,404. An increase in revenue was
realized in all of our products and services except for licensing but is most
directly attributable to increased advertising revenues. Advertising revenues
grew from $180,570 in 2005 to $854,992 in 2006. We have established a reputation
as a professional advertising medium for publicly traded companies wishing to
gain exposure directly with people who are actively trading in the stock market.
We also have gained considerable success with companies wishing to market their
products via our long-form advertising programs. Our new product mix which
includes advertising, our mobile product Jupiter, our web-tools - E-Trax and our
new due diligence site are definitely adding to our momentum of growth. Our
primary revenue source of E-gate subscription revenues also grew to $2,080,760
in 2006 from $1,913,404 in 2005.

We believe that the majority of our growth in revenue will be generated from our
advertising programs. As our subscriber base grows both in North America and
internationally we believe that the number of companies advertising with us will
increase.

Our cost of sales is the cost of the financial content we provide to our
subscribers. Many of these costs are fixed monthly fees. Others are on a per
user basis. Accordingly, normally as our subscription fees increase the cost of
sales as a percentage of revenues decreases. However, in 2006 most of our data
feed suppliers increased their prices to us. For the first half of 2005 our cost
of sales was 47% of subscription revenues compared to 63% in 2006. The cost of
sales would have been 50% in 2005 without the credits for overcharges from
content providers as mentioned above. As our subscription revenues increase,
this percentage will become more favorable.

We incurred a net loss of $124,024 for the nine months ended September 30, 2005
compared to $1,173,734 for the nine months ended September 30, 2006. This is an
increase of $1,049,710 and directly related to issuing stock to consultants for
marketing, legal and investor relations services. Included in professional fees
are shares of common stock to these consultants valued at $776,214 and stock
options to our employees valued at $337,436. The investor relations consultants


                                       14
<PAGE>
were engaged to create an increased awareness of our company in the investment
community with the expectation of increasing revenues and opening doors to
investment capital. The stock options were issued under our 2006 Stock Option
Plan. We realized related party compensation expense of $360,000 for both 2006
and 2005. Our marketing expense increased from $326,550 in 2005 to $360,160 for
2006 because we concentrated on marketing our new financial products and
advertising program. We also increased our research and development expense from
$191,049 in 2005 to $342,320 in 2006 as we developed expanded capabilities for
our mobile product Jupiter, our web-tools - E-Trax and our new due diligence
site. Our professional fees expense increased from $124,399 in 2005 to
$1,018,888 for 2006 because of share issuances to consultants. Our general and
administrative expense increased from $345,892 in 2005 to $755,467 for 2006 due
to the issuance of stock options under the 2006 stock option plan to our
employees and directors.

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 loss for the nine months ended September 30, 2006 would
have been only $60,084. Excluding non cash expenses for 2005 we would have
reported an income $11,526.


Liquidity and Capital Resources.

We have consistently been financed through loans from related parties and from
raising capital through private equity offerings. We used $142,763 and $95,212
of that cash in our operating activities in the first nine months of 2006 and
2005, respectively. This increase of $47,551 was primarily due to the receipt of
$471,510 of our accounts receivable in shares of the common stock of several of
our advertising customers. We received $23,325 from the sale of a portion of
those shares for operating funds during the nine months ended September 30,
2006. For the nine months ended September 30, 2006 and 2005 we received cash
totaling $28,750 and $48,500 from the issuance of our common stock upon the
exercise of options granted under the 2004 stock option plan and in private
placements. We expect that in the next twelve months that 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 2006.

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.





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<PAGE>
Dependence on Key Personnel

We are dependent on the services of Penny Perfect, the President, Chief
Executive Officer and Chairman of the Company. The loss of Ms. Perfect 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
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.

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, 2006:

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

Jan. 9/2006         320,000     Common         $0.35        Services
Feb. 28/2006        50,000      Common         $0.32        Services
Mar. 10/2006        30,000      Common         $0.31        Services
Mar. 22/2006        200,000     Common         $0.31        Services
Apr. 17/2006        112,000     Common         $0.27        Services
May 31/2006         20,000      Common         $0.27        Services
June 5/2006         100,000     Common         $0.27        Services
June 6/2006         23,000      Common         $0.26        Services
June 7/2006         40,000      Common         $0.26        Services
June 12/2006        169,500     Common         $0.26        Services
June 20/2006        380,000     Common         $0.22        Services
June 23/2006        100,000     Common         $0.20        Services
June 27/2006        112,500     Common         $0.19        Services
July 11/2006        252,500     Common         $0.20        Services
July 24/2006        325,000     Common         $0.18        Services
July 27/2006        200,000     Common         $0.21        Services
August 8/2006       600,000     Common         $0.18        Services
August 24/2006      525,000     Common         $0.20        Services
September 26/2006   250,000     Common         $0.17        Services
September 29/2006   250,000     Common         $0.17        Services

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

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
                      Sarbanes-Oxley Act of 2002.

         Exhibit 31.2 Certification of Principal Accounting Officer Pursuant to
                      Section 302 of the Sarbanes-Oxley Act of 2002.







                                       17
<PAGE>
         Exhibit 32.1 Certification of C.E.O. Pursuant to 18 U.S.C. Section
                      1350, as Adopted Pursuant to Section 906 of the
                      Sarbanes-Oxley Act of 2002

         Exhibit 32.2 Certification of Principal Accounting Officer Pursuant to
                      18 U.S.C. Section 1350, as Adopted Pursuant to Section 906
                      of the Sarbanes-Oxley Act of 2002

        (b) Report on Form 8-K

            None














































                                       18
<PAGE>
                                   SIGNATURES

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




                                                   ALPHATRADE.COM


Date:    11/13/2006                                / s / Penny Perfect
                                                   ----------------------------
                                                   President / Director



Date:    11/13/2006                                / s / Katharine Johnston
                                                   ----------------------------
                                                   Principal Accounting Officer




































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