Score

1.20 /10
Danger

AvanTrade

United Kingdom

1-2 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Comparison

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Website

Score

Regulatory Index0.00

Business Index4.59

Risk Management Index0.00

Software Index4.00

License Index0.00

Open Account
Website

Licenses

No valid regulatory information, please be aware of the risk

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

Single Core

1G

40G

open now

Regulatory disclosure

Broker Information

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Company Name

Avantrade (Europe) Ltd

Company Abbreviation

AvanTrade

Platform registered country and region

United Kingdom

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-09-21
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

AvanTrade · Company summary

Note: AvanTrade's official website:https://avantrade.co/is currently inaccessible normally.

AvanTrade Information

Founded in 2023, AvanTrade is an unregulated brokerage company registered in the United Kingdom. This firm boasts of offering intuitive trading for first-time and professional investors. However, the regulatory hurdle and lack of transparency about trading fees are the biggest drawbacks.

AvanTrade Information

Is AvanTrade Legit?

AvanTrade currently does not hold any valid regulatory certificates. Although it is incorporated in the United Kingdom, it lacks regulation from any recognized financial authority. Opening an online brokerage account can be an easy way to start investing and there are always risks in investing. But we can choose to stay away from certain risks.

Is AvanTrade Legit?

Downsides of AvanTrade

  • Unavailable Website

AvanTrade's official website is currently inaccessible. It's anyone's guess whether it's still up and running.

  • Lack of Transparency

You can find few information about this brokerage online. With solely email as the support option, it is difficult not to stay away.

  • Regulatory Concerns

Without regulatory certificates is an obvious disadvantage of some online brokerages. Before choosing a brokerage, remember to consider the risk involved.

Market Instrument

AvanTrade offers trading CFDs on shares, indices, forex and cryptocurrencies. If you are looking for stocks and ETFs, this brokerage may not be your choice.

Market Instrument

Customer Support

For any question you might have, help is available 24/7 by phone (+442039962114) or email (contact@avantrade.co).

Customer Support

Conclusion

All brokerages aren't created equally. Most excellent brokerages not only give you more investment choices, but also present you more routes to achieve your goals. AvanTrade is not a trusted broker because it is not regulated by a financial authority with strict standards. If you want to stay safe, only sign up with brokers that are overseen by a top-tier and stringent regulator.

News

ExposureSeychelles FSA Issues Warnings Against Unauthorized Brokers FXNess and AvanTrade

The Seychelles Financial Services Authority warns against unauthorized brokers FXNess and AvanTrade, advising public caution and due diligence in verifying regulatory status before transactions. This alert highlights the importance of ensuring financial safety and avoiding scams in the investment sector.

WikiFX
2023-11-15 16:30
Seychelles FSA Issues Warnings Against Unauthorized Brokers FXNess and AvanTrade

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