================================================================================
                       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, 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 July 3, 2006, was 31,290,865.

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





                                       1
<PAGE>
                              Report on Form 10-QSB
                       For the Quarter Ended June 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 .................10-11


         Item 2.      Management's Discussion and Analysis
                        or Plan of Operation .............................. 12

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



Part II. Other Information

         Item 1.      Legal Proceedings ................................... 15

         Item 2.      Changes in Securities ............................... 15

         Item 3.      Defaults Upon Senior Securities ..................... 16

         Item 4.      Submission of Matters to a Vote of Security Holders . 16

         Item 5.      Other Information ................................... 16

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

                      Signatures........................................... 17

                      Certifications















                                       2
<PAGE>
PART I - FINANCIAL INFORMATION

Item 1. Financial Statements.

The accompanying balance sheets of Alphatrade.com at June 30, 2006 and December
31, 2005, and the related statements of operations, stockholders' equity
(deficit) and cash flows for the three months and six months ending June 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 June
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

                       June 30, 2006 and December 31, 2005




















                                       3
<PAGE>
                                 ALPHATRADE.COM
                                 Balance Sheets

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

 Cash                                               $      8,962  $    147,408
 Accounts receivable - trade, net                          5,477         5,830
 Prepaid expenses                                         24,576        12,729
 Prepaid expenses - related parties                       90,760       216,731
                                                    ------------  ------------
   Total Current Assets                                  129,775       382,698
                                                    ------------  ------------
PROPERTY AND EQUIPMENT, NET                               42,204        46,531
                                                    ------------  ------------
OTHER ASSETS

 Investments                                             127,075         8,800
 Related party investment                                290,400       312,000
                                                    ------------  ------------
   Total Other Assets                                    417,475       320,800
                                                    ------------  ------------
     TOTAL ASSETS                                   $    589,454  $    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)
                 ----------------------------------------------

                                                       June 30,   December 31,
                                                         2006         2005
                                                    ------------- -------------
                                                     (Unaudited)
CURRENT LIABILITIES

 Accounts payable and accrued expenses              $    325,785  $    348,875
 Related party payables                                  503,165       429,927
 Deferred revenue                                        218,810       204,753
                                                    ------------  ------------
   Total Current Liabilities                           1,047,760       983,555
                                                    ------------  ------------
   Total Liabilities                                   1,047,760       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: 31,290,865 and 29,898,865
  shares issued and outstanding, respectively             31,291        29,899
 Additional paid-in capital                           26,715,239    26,023,780
 Stock subscription receivable                           (99,797)      (99,797)
 Accumulated other comprehensive income                   10,975       185,800
 Accumulated deficit                                 (27,118,014)  (26,375,208)
                                                    ------------  ------------
   Total Stockholders' Equity (Deficit)                 (458,306)     (233,526)
                                                    ------------  ------------
   TOTAL LIABILITIES AND STOCKHOLDERS'
   EQUITY (DEFICIT)                                 $    589,454  $    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 Six Months Ended
                                June 30,                     June 30,
                      ----------------------------  ----------------------------
                           2006           2005           2006          2005
                      -------------- -------------  ------------- --------------
REVENUE

  Subscription revenue$     713,139  $    638,256  $   1,379,234  $   1,271,222
  Licensing revenue               -        12,000              -         30,000
  E-Trax revenue             18,796             -         46,827            554
  Advertising revenue       242,585        44,100        507,185         44,700
  Other revenue                 700         2,375            850          1,891
                      -------------  ------------  -------------  -------------
     Total Revenue          975,220       696,731      1,934,096      1,348,367
                      -------------  ------------  -------------  -------------
COST OF SALES

  Financial content         433,538       226,087        844,096        551,950
  Other cost of sales           617         3,478          2,036          3,478
                      -------------  ------------  -------------  -------------
     Total Cost of Sales    434,155       229,565        846,132        555,428
                      -------------  ------------  ------------   -------------
     Gross Profit           541,065       467,166      1,087,964        792,939
                      -------------  ------------  -------------  -------------
EXPENSES

  Management expense        120,000       120,000        240,000        240,000
  Professional fees          76,906        66,804        463,920        114,848
  Research and development  131,592        77,493        238,930        110,199
  Marketing expense         170,218        76,415        281,399        225,596
  General and
   administrative expenses  155,987       106,393        606,521        202,545
                      -------------  ------------  -------------  -------------
     Total Expenses         654,703       447,105      1,830,770        893,188
                      -------------  ------------  -------------  -------------
INCOME (LOSS)
  FROM OPERATIONS          (113,638)       20,061       (742,806)      (100,249)

INCOME TAX EXPENSE                -             -              -              -
                      -------------  ------------  -------------  -------------
NET INCOME (LOSS)     $    (113,638) $     20,061  $    (742,806) $    (100,249)
                      =============  ============  =============  =============
NET INCOME (LOSS)
  PER SHARE-BASIC     $        0.00  $       0.00  $       (0.02) $       (0.00)
                      =============  ============  =============  =============
DILUTED INCOME
  PER SHARE                     N/A  $       0.00            N/A            N/A
                                     ============
WEIGHTED AVERAGE NUMBER
  OF SHARES              30,773,739    26,432,475     30,665,790     25,978,332
                      =============  ============  =============  =============

                     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        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
$0.26 per share
(unaudited)               -       -  1,277,000   1,277     325,388        -             -                -

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

Net loss for the
six months ended
June 30, 2006
(unaudited)               -       -          -       -           -        -      (174,825)        (742,806)
                  --------- ------- ---------- ------- ----------- --------     ---------     ------------
Balance,
June 30, 2006
(unaudited)       2,000,000 $ 2,000 31,290,865 $31,291 $26,715,239 $(99,797)    $  10,975     $(27,118,014)
                  ========= ======= ========== ======= =========== ========     =========     ============
</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 Six Months Ended
                                                               June 30,
                                                     ---------------------------
                                                          2006          2005
                                                     ------------- -------------
CASH FLOWS FROM OPERATING ACTIVITIES

 Net loss                                            $   (742,806) $   (100,249)
 Adjustments to reconcile net loss to net
  cash used by operating activities:
   Common stock issued for services and contributions     326,665       109,150
   Value of options granted                               337,436             -
   Contribution of services by officers and directors           -       120,000
   Amortization of services prepaid by common stock       112,984             -
   Depreciation expense                                     6,299         4,142
   Investments received as payment for accounts
  receivable                                             (271,500)            -
 Changes in operating assets and liabilities:
   (Increase) Decrease in accounts receivable                 353       (17,742)
   (Increase) decrease in prepaid expenses                  1,140       (60,394)
   Increase (decrease) in accounts payable and
  accrued expenses                                        (23,090)     (211,570)
   Increase (decrease) in related party payables           73,238        49,464
   Increase in deferred revenue                            14,057        23,044
                                                     ------------  ------------
     Net Cash Used by Operating Activities               (165,224)      (84,155)
                                                     ------------  ------------
CASH FLOWS FROM INVESTING ACTIVITIES

 Purchase of fixed assets                                  (1,972)      (20,967)
                                                     ------------  ------------
     Net Cash Used by Investing Activities                 (1,972)      (20,967)
                                                     ------------  ------------
CASH FLOWS FROM FINANCING ACTIVITIES

 Stock offering costs paid                                      -        (4,000)
 Common stock issued for cash                              28,750        45,000
                                                     ------------  ------------
     Net Cash Provided by Financing Activities             28,750        41,000
                                                     ------------  ------------
NET CHANGE IN CASH                                       (138,446)      (64,122)

CASH AT BEGINNING OF PERIOD                               147,408        79,339
                                                     ------------  ------------
CASH AT END OF PERIOD                                $      8,962  $     15,217
                                                     ============  ============






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


                                                       For the Six Months Ended
                                                               June 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  $    326,665  $    109,150
 Contribution of services by officers and directors  $          -  $    120,000
 Common stock issued for extinguishment of debt      $          -  $    735,000
 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
                       June 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 six  months  ended  June  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>
NOTE 3 - SIGNIFICANT EVENTS

         During the six months ended June 30, 2006, the Company issued 1,277,000
         shares of common  stock  valued at an average  price of $0.26 per share
         for  consulting  services for  marketing the  company's  products.  All
         issuances of common stock for services were valued at the closing price
         of the common stock on the dates of authorization.

         During the six months ended June 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 six  months  ended June 30,  2006,  related  parties
         advanced  $73,238 to the Company.  Officer salaries of $240,000 for the
         six months ended June 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 six months
         ended June 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 six
         months ended June 30, 2006 and 2005, respectively.

         A summary of the status of the Company's  stock options and warrants as
         of June 30, 2006 and changes  during the six months ended June 30, 2006
         is presented below:
                                                    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                      4,500,000       0.32        0.32
            Expired/Canceled                     -       0.00        0.00
            Exercised                     (115,000)      0.25        0.25
                                        ----------  ---------  ----------
         Outstanding, June 30, 2006     38,182,497  $    0.38  $     0.38
                                        ==========  =========  ==========
         Exercisable, June 30, 2006     26,027,000  $    0.40  $     0.40
                                        ==========  =========  ==========

                                       11
<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 June 30, 2006, revenue significantly increased
over the same period of 2005. Revenue for 2006 was $975,220, which is a 44%
increase over fiscal 2005 sales of $676,731. 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 $56,100 in 2005
to $242,585 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 $713,139 in 2006
from $638,256 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 35% of subscription revenues compared to 61% in 2006. The cost
of sales was unusually low in 2005 because we made settlements 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 it
becomes 44%. As our subscription revenues increase, the cost of sales percentage
will become more favorable.


                                       12
<PAGE>
We realized a net income of $20,061 for the three months ended June 30, 2005
compared to a net loss of $113,638 for the three months ended June 30, 2006.
This is a decrease in net income of $133,699 and directly related to issuing
stock to consultants for marketing our products and services. This expense is
expected to translate into increased revenues throughout 2006. Included in
professional fees are shares of common stock to investor relations consultants
valued at $52,365. 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. We
realized related party compensation expense of $120,000 for both 2006 and 2005.
Our marketing expense increased from $76,415 in 2005 to $170,218 for 2006
because we expanded our marketing program. We also increased our research and
development expense from $77,493 in 2005 to $131,592 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 $365 for the three months
ended June 30, 2006.

During the six months ended June 30, 2006, revenue significantly increased over
the same period of 2005. Revenue for 2006 was $1,934,096, which is a 43%
increase over fiscal 2005 sales of $1,348,367. 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 $74,700 in
2005 to $507,185 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 $1,379,234 in 2006
from $1,271,222 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 43% of subscription revenues compared to 61% in 2006. The cost of
sales would have been 48% 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 $100,249 for the six months ended June 30, 2005
compared to $742,806 for the six months ended June 30, 2006. This is an increase
of $642,557 and directly related to our expanded marketing program of our
products and services. This expense is expected to translate into increased


                                       13
<PAGE>
revenues throughout 2006. Included in professional fees are shares of common
stock to investor relations consultants valued at $326,665 and stock options to
our employees valued at $337,436. 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 stock options were issued under our 2006 Stock Option
Plan. We realized related party compensation expense of $120,000 for both 2006
and 2005. Our marketing expense increased from $225,596 in 2005 to $281,399 for
2006 because we expanded our marketing program. We also increased our research
and development expense from $110,199 in 2005 to $238,930 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 $114,848 in 2005 to $463,920 for 2006 because of share issuances to
consultants. Our general and administrative expense increased from $202,545 in
2005 to $606,521 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 six months ended June 30, 2006 would have
been only $34,279. Excluding non cash expenses for 2005 we would have reported
an income $128,901.


Liquidity and Capital Resources.

We have consistently been financed through loans from related parties and from
raising capital through private equity offerings. We used $165,224 and $84,155
of cash in our operating activities in the first six months of 2006 and 2005,
respectively. This increase of $81,069 was primarily due to the receipt of
$271,500 of our accounts receivable in shares of the common stock of several of
our advertising customers. We are unsure as to the timing of the sale of those
shares for operating funds. For the six months ended June 30, 2006 and 2005 we
received cash totaling $28,750 and $-0- from the issuance of our common stock
upon the exercise of options granted under the 2004 stock option plan. 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.

Dependence on Key Personnel


                                       14
<PAGE>
We are dependent on the services of Penny Perfect, the President and Chief
Executive Officer of the Company. On April 12th, 2006 Ms. Perfect was also
appointed as the Chairman of the Board. 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 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
itsself.

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:


                                       15
<PAGE>
                                                 Valued
Date             No. of Shares      Title          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         $0.305   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

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.


Upon notice from Williams & Webster, P .S., Certified Public Accountants, our
former auditors terminated our relationship, withdrawing as auditors effective
as of July 19, 2006. The termination of our relationship with Williams & Webster
was unanimously accepted by our board of directors and audit committee on July
19,2006. In connection with its audit for the last fiscal year and the interim
periods until the date of termination, there have been no disagreements with
Williams & Webster on any matter of accounting principles or practices,
financial statement disclosure, or auditing scope or procedures which, if not
resolved to the satisfaction of Williams & Webster, would have caused it to make
reference to the subject matter of the disagreement in connection in its report
on the financial statements.

On July 19, 2006, upon the authorization and approval of the board of directors,
we engaged Chisholm, Bierwolf & Nilson LLC as our independent registered public
accounting firm.







                                       16
<PAGE>
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:    8/10/2006                                / s / Penny Perfect
                                                   ----------------------------
                                                   President / Director



Date:    8/10/2006                                / s / Katharine Johnston
                                                   ----------------------------
                                                   Principal Accounting Officer



                                       17