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AdvanTrade -

Score

4.89 /10
Average

AdvanTrade

Seychelles

2-5 years

Regulated in Seychelles

Retail Forex License

Self-developed

Suspicious Scope of Business

Medium potential risk

Offshore Regulated

https://www.advantrade.net

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Comparison

Quantity 1

Exposure

Time Machine
Website

Score

Regulatory Index3.92

Business Index6.02

Risk Management Index8.90

Software Index4.58

License Index3.92

Time Machine
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

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Company Name

AdvanTrade

Company Abbreviation

AdvanTrade

Platform registered country and region

Seychelles

Company website

Facebook

YouTube

Company summary

Pyramid scheme complaint

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WikiFX Risk Alerts
Previous Detection : 2024-12-23
  • The Seychelles FSA regulation with license number: SD077 is an offshore regulation. Please be aware of the risk!

WikiFX Verification

Exposure

1 pieces of exposure in total
Pyramid scheme complaint
Expose
AdvanTrade · Company summary
AdvanTradeReview Summary
Founded2017
Registered Country/RegionSeychelles
RegulationOffshore Regulated
Market InstrumentsForexPrecious metalsCommoditiesIndicesEnergyCryptocurrencies
Demo Account✅
LeverageUp to 1:400
SpreadFrom 0.0
Trading PlatformAdvanTrade
Min Deposit/
Customer SupportOnline Chat: 24/5
Social Media: Facebook, Youtube

AdvanTrade Information

AdvanTrade, incorporated in Seychelles in 2017, offers trading instruments including forex, precious metals, energy, cryptocurrencies, indices, and commodities, Supports trading through its own platform. At present, the brokerage is in an “Offshore Regulated” state.

AdvanTrade Information

Pros and Cons

Pros Cons
Offer demo accountNo account information
Spreads starting at 0No deposit and withdrawal information
No commission and other feesMT4/5 is not supported

Is AdvanTrade Legit?

Regulated Country/Region
Is AdvanTrade Legit?
Regulated AuthorityFSA
Regulated EntityTopical Wealth International Ltd
License TypeRetail Forex License
License NumberSD077
Current StatusOffshore Regulated
Is AdvanTrade Legit?

What Can I Trade on AdvanTrade?

Advantrade offers trading instruments including forex, precious metals, energy, cryptocurrencies, indices, and commodities.

Tradable Instruments Supported
Forex✔
Precious metals✔
Commodities✔
Indices✔
Energy✔
Cryptocurrencies✔
Stocks❌
Bonds❌
ETF❌
Is AdvanTrade Legit?

Account Types

Advantrade does not disclose account type information, but it is known to offer demo accounts.

Leverage

Advantrade offers traders leverage ranging from 10 to 400.

Leverage

AdvanTrade Fees

Advantrade says it offers spreads starting at 0. It also says it doesn't charge any commissions or fees.

AdvanTrade Fees

Trading Platform

AdvanTrade does not support the use of MT4/5, it provides a prepriatory trading platform that supports the app version.

Trading PlatformSupported Available Devices Suitable for
AdvanTrade✔Mobile, WebAll traders
MT4❌
MT5❌
Trading Platform

User Reviews

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User comment

12

Comments

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Mahve
more than one year
AdvanTrade is a great choice for traders! Their demo accounts are easy to set up and perfect for practicing and testing strategies. Plus, they offer a diverse range of market instruments, ensuring there's something for everyone.
AdvanTrade is a great choice for traders! Their demo accounts are easy to set up and perfect for practicing and testing strategies. Plus, they offer a diverse range of market instruments, ensuring there's something for everyone.
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2024-07-12 18:10
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Jan de Vries
more than one year
Currency options are somewhat limited. It would be better if they supported more currencies for a broader range of trading opportunities. I like that their trading data is updated in real-time. 👍
Currency options are somewhat limited. It would be better if they supported more currencies for a broader range of trading opportunities. I like that their trading data is updated in real-time. 👍
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2024-05-22 11:44
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