December 4, 2001

Ms. Penny Perfect President Alpha Trade. com 400 - 1111 West Georgia Street Vancouver, B.C. V6E 4M3 CANADA

Re: Legal Opinion for Alpha Trade. 
Com S-8 Registration Statement and my
 Consent for Filing this Opinion as an Exhibit
to the S-8 Registration Statement

Dear Ms. Perfect:

At your request, I have examined the form of Registration Statement No. 333-____________ which Alpha Trade. com (the "Company") is filing with the Securities and Exchange Commission, on Form S-8 (the "Registration Statement"), in connection with the registration under the Securities Act of 1933, as amended, of 3,535,000 shares of your Common Stock (the "Shares") issuable pursuant to that certain Alpha Trade. com 2001 Stock Option Plan (the "Plan").

In rendering the following opinion, I have examined and relied only upon the documents, and certificates of officers and directors of the Company as are specifically described below.

In my examination, I have assumed the genuineness of all signatures, the authenticity, accuracy and completeness of the documents submitted to me as originals, and the conformity with the original documents of all documents submitted to me as copies. My examination was limited to the following documents and no others:

1. Articles of Incorporation of the Company, as amended to date;

2. Bylaws of the Company, as amended to date;

3. Resolution adopted by the Board of Directors of the Company authorizing the issuance of the Shares pursuant to the Plan.

4. The Registration Statement.

5. The Plan.

I have not undertaken, nor do I intend to undertake, any independent investigation beyond such documents and records, or to verify the adequacy or accuracy of such documents and records.

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