🔒 Technically verifiable

Verify yourself that Alpha sends zero data to our servers

We say everywhere that your analyses stay 100% local. Easy to claim. Here's how to verify yourself in 30 seconds using tools already installed in your browser. No blind trust required.

The reproducible tutorial (Chrome / Firefox / Safari / Edge)

Open Alpha Terminal

Go to alpha-terminal.app and click Get started. You can enter a free API key (GitHub Models, Cerebras…) or click "Access without a key" to explore.

Open your browser DevTools

Keyboard shortcut:

Mac: Cmd + Option + I (Chrome/Edge/Firefox) or Cmd + Option + C (Safari, after enabling "Develop menu" in Preferences)
Windows / Linux: F12 or Ctrl + Shift + I

Go to the Network tab. Tick "Preserve log" at the top.

Filter requests by domain

In the Network panel filter bar, type:

alpha-terminal.app

This shows only requests to our servers (not to Anthropic, OpenAI, Lemonsqueezy, etc.).

Run an analysis

Pick a stock (e.g. AAPL) and run a Quick Analysis or 10-K Decoder. You'll see requests scrolling in real time.

Observe the result

Throughout the analysis, the panel filtered on alpha-terminal.app should show:

📭 No requests.

All requests go directly to the AI provider you chose (api.anthropic.com, api.openai.com, generativelanguage.googleapis.com, etc.) — never to our servers.

What goes out, and where

Data	Destination	Our server?
Analyzed ticker (AAPL, BTC…)	Chosen AI API	❌ No
Your prompts	Chosen AI API	❌ No
Your portfolio (Wealth)	Browser localStorage	❌ No
Your RAG documents	Browser IndexedDB	❌ No
Financial data (prices, financials)	FMP / Polygon / Yahoo / etc.	❌ No
License activation	api.lemonsqueezy.com	❌ No (their server)
Anonymous analytics (page visits)	plausible.io	❌ No · cookieless · IP anonymized

⚠️ Transparent note: the only thing that goes through our servers is loading the app itself (HTML, CSS, JS, images) — like any web site. But once loaded, the app runs entirely in your browser. That's the principle of a client-side PWA.

Technical architecture: why it's possible

Alpha has no backend for analyses. It's a deliberate design choice. Here's how each component works:

🧠 AIsYour prompts go directly to api.anthropic.com, api.openai.com, etc. via fetch() in your browser. No middleware on our side.

💾 Personal dataWealth, RAG, past analyses: everything stored in browser IndexedDB + localStorage. No server DB.

🔐 API key vaultYour keys are encrypted AES-GCM-256 with your passphrase (PBKDF2 100k iter). The encrypted vault stays local. We never see it.

📊 Financial dataPrices, financials, news: direct calls to public APIs (FMP, Polygon, Yahoo, FRED) using keys you provide or free endpoints.

💳 PaymentLemonsqueezy handles checkout. They send us a webhook with your email to activate the license. No other data passes through us.

📈 AnalyticsPlausible.io in anonymous mode (cookieless, hashed IP). Public stats. No individual tracking possible.

What we CAN'T do (even if we wanted to)

Read your portfolio or positions — they never left your browser
Read your analysis prompts — they go directly to the AI provider
Read your API keys — they're encrypted with your passphrase
Sell your activity to advertisers — we don't have the data
Hand over your analyses (even under legal subpoena) — we never had them

Open code = open audit

You can inspect the frontend source code directly in your browser:

→

Verify the source code yourself

1. Cmd+Option+U (Mac) or Ctrl+U (Win/Linux) → see raw HTML
2. Sources tab in DevTools → see all .js files
3. Search fetch( in global search (Cmd+Shift+F) → see ALL possible network calls. None point to our servers for analyses.

Comparison with cloud competitors

Platform	Where does your data go?
Alpha Terminal	Stays on your device
Bloomberg Terminal	Bloomberg cloud + government access (Patriot Act)
Koyfin	Koyfin cloud (USA)
Seeking Alpha	Cloud + ad monetization
ChatGPT (personal analysis)	OpenAI cloud + used for training (unless opt-out)
Stock Rover	Stock Rover cloud

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🛡️ Lemonsqueezy handles payment (PCI-DSS). We never see your card.