Score

4.88 /10
Average

AdvanTrade

Seychelles

2-5 years

Regulated in Seychelles

Retail Forex License

Medium potential risk

Offshore Regulated

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Comparison

Quantity 1

Exposure

Time Machine
Website

Score

Regulatory Index3.92

Business Index5.96

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

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Broker Information

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Company Name

AdvanTrade

Company Abbreviation

AdvanTrade

Platform registered country and region

Seychelles

Company website

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YouTube

Company summary

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WikiFX Risk Alerts
Previous Detection : 2024-11-10
  • The Seychelles FSA regulation with license number: SD077 is an offshore regulation. Please be aware of the risk!

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AdvanTrade · Company summary
Basic Information
Registered Countries Seychelles
Regulation FSA
Minimum Deposit N/A
Maximum Leverage 1:400
Minimum Spread From 0.0 pips
Trading Platform Webtrader
Demo Accounts Available
Trading Assets Forex pairs, indices, stocks, oil
Payment Methods Card & Online Banking
Customer Support Online Chat, Facebook, Youtube

General Information

Registered in Seychelles, AdvanTrade is an online broker providing a series of trading instruments to its clients, covering forex, indices, oilm futures, precious metals, digital currency through its proprietary trading platform.

Here is the screenshot of AdvanTrade official website:

basic-info

Regulation

AdvanTrade is the trading name of Topical Wealth International Ltd, a company registered in offshore Seychelles, regulated by the Seychelles Financial Services Authority, with regulatory license: SD077.

regulation

Market Instruments

AdvanTrade boasts that it provides the most traded mainstream financial instruments, which covers Currencies, Indices, Oil, Futures, Precious Metals, Digital Currency.

market-instruments

Fees

AdvanTrade says it offers low rates, charging zero commissions and platform fees. However, a horrible fact that should be noticed is that spreads offered by this broker is wide, with the spread on the EUR/USD pair from 1.9 pips.

fees

Leverage

When it comes to leverage, AdvanTrade enables its clients to use the maximum trading leverage up to1:400, which is greater than the levels regarded appropriate by any regulators, with the maximum leverage for major currencies up to 1:30 in Europe and Australia, and 1:50 in the United States and Canada.

Since leverage can amplify both gains and losses, it can result in devastating losses for investors who lack experience. If you're just starting out in the trading world, it's best to stick with the lower size, no more than a 1:10.

Trading Platform

When it comes to trading platforms available, AdvanTrade is using its proprietary trading platform, a simple webtrader, and famous third-party trading platforms like MT4 or MT5 not provided.

Here is the screenshot of AdvanTrade trading platform:

trading-platform

Customer Support

Customer service time has been displayed as below, and clients with any inquiry or trading-related issues can get in touch with this broker through telephone or email.

customer-support

Alternatively, this brokerage firm can be followed on Facebook and Youtube.

Risk Warning

Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.

The information presented in this article is intended solely for reference purposes.

Pros & Cons

Pros Cons
Generous leverage up to 1:400 No regulation
Wide selection of trading instruments No account description
Wide spreads
No 7/24 customer support
Website available in English and Chinese ONLY

Frequently Asked Questions

What trading instruments can I trade with on AdvanTrade

AdvanTrade allows investors to trade Currencies, Indices, Oil, Futures, Precious Metals, Digital Currency.

Does AdvanTrade offer demo accounts?

No, demo accounts are not available on the AdvanTrade platform.

What is the maximum leverage available?

The maximum trading leverage that is available on the AdvanTrade platform is up to 1:400.

User Reviews

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User comment

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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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