AdvanTrade Review by Scam Helpers Team
Warning: Not Recommended By Review Website Like Scam Helpers
AdvanTrade Review: Introduction
AdvanTrade claims to be a trusted trading platform and provides its services worldwide. They offer to provide business across four continents, covering Southeast Asia, Europe, South America, and Africa. The website can be found at https://www.advantrade.net/. On their website, ADVANTRADE CAPITAL LIMITED claims to be listed as a money services business affiliate with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) (MSB). Money transfers and other business activities like dealing in foreign exchange are covered by MSB.
All these claims and offers look trustworthy at first glance, but the reality is different from their claims. In this AdvanTrade review, we explain why we labeled the AdvanTrade broker a scam and included it on our list of scam brokers in 2023. Read a complete AdvanTrade Review to know more about this broker.
AdvanTrade Review: Regulation Status
Top Wealth International LTD (Seychelles) and ET FinTech jointly created the “one-stop trading app” known as AdvanTrade (Australia). If only AdvanTrade was connected to them, both of them would be considered regulated and reliable. But this is not the case; AdvanTrade uses its reputation to appear credible.
AdvanTrade claims to be registered under the regulatory authority of Canada, – the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), but this statement is proven wrong because brokers of this country must be licensed by the Investment Industry Regulatory Organization of Canada (IIROC). But we did not find anything about AdvanTrade on the registers of IIROC.
AdvanTrade is not permitted to provide trading services, but it also intentionally misleads its clients by using the legal information of other brokers. Not to mention that there is no actual address or way to get in touch with this broker, so we have no idea where they belong. Avoid dealing with these scam brokers since they can quickly steal all your funds without giving you a chance to get your money back.
AdvanTrade Review: Trading Software
When you register on the AdvanTrade website, you must enter your personal information, such as your name and phone number, and then wait for a verification code. This is standard behavior for scam brokers; they will call you and undoubtedly attempt to trick you into making a deposit as soon as possible. They offer a basic trading platform with some commonly used tools and indicators. There is nothing special as compared to more sophisticated platforms like MetaTrader 4 or MetaTrader 5.
AdvanTrade Review: Trading assets
AdvanTrade provides several types of assets to its users, including forex, cryptocurrencies, precious metals, indices, energy, and commodities. Although this assertion seems optimistic, the information on its website reveals the exact contrary. Finding any pertinent information on this page has proven to be challenging.
Deposit and Withdrawal Method and Fees
AdvanTrade does not share any information about the minimum deposit and withdrawal amounts. As well as, there is no information about the payment method or withdrawal fees. They are completely anonymous and irrevocable.
What to do when scammed?
If you believe you have been scammed, the first thing to do is contact the bank that issued your credit or debit card and requests a chargeback. If you used your Visa or Mastercard to make the purchase, you have an option for fund recovery. You can file a complaint for fund recovery on our Scam Helpers website. Our experts will provide a free consultation during the fund recovery process.
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