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Advanced Trade

Operating status: SCAM

Website: https://www.advanced-trade.com/

Broker violations and abnormal records
  • May 05, 2022 BrokersView has reviewed that Advanced Trade is an unregulated forex broker

    Advanced Trade claims to be owned and operated by ADVANCED TRADING ENTERPRISE LIMITED, a regulated entity by the Australian Securities and Investments Commission (ASIC) with Representative Number: 001276870, and Vanuatu Financial Services Commission (VFSC) under Representative Number: 40436. 

    However, the search results from both ASIC and VFSC indicate that the alleged regulation belongs to another broker named TOP 1 MARKETS, which is not affiliated in any way with Advanced Trade. We would like to remind traders that Advanced Trade is a clone firm that falsely uses details of a licensed entity to lure unsuspecting traders. 

    All in all, Advanced Trade is not overseen by any regulator. That means investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam. 

    Advanced Trade claims to be owned and operated by ADVANCED TRADING ENTERPRISE LIMITED, a regulated entity by the Australian Securities and Investments Commission (ASIC) with Representative Number: 001276870, and Vanuatu Financial Services Commission (VFSC) under Representative Number: 40436. However, the search results from both ASIC and VFSC indicate that the alleged regulation belongs to another broker named TOP 1 MARKETS, which is not affiliated in any way with Advanced Trade. We would like to remind traders that Advanced Trade is a clone firm that falsely uses details of a licensed entity to lure unsuspecting traders. All in all, Advanced Trade is not overseen by any regulator. That means investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.