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/10

AdvanTrade

Seychelles|2-5 years|
White label MT5|Regional Brokers|High potential risk|

https://www.advantrade.net

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

White Label

2
Server Name
TopicalWealthIntl-Demo MT5
Server Location Singapore

Contact

https://www.advantrade.net
https://www.facebook.com/AdvanTrade-109126638142147

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

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Broker Information

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Company Name

AdvanTrade

Company Abbreviation

AdvanTrade

Platform registered country and region

Seychelles

Company website
Facebook
YouTube

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 2
Previous Detection : 2024-04-25
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!

WikiFX Verification

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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

10

Comments

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多一份问候
more than one year
I appreciate the low spreads and competitive pricing of this broker, but their educational resources and trading tools are lacking. Most importantly, it is an unlicensed broker.
2023-02-27 10:48
Reply
0
0
FX1128953576
more than one year
There are not many platforms for copy trading in China. I don’t know how to become a trader of the platform. It seems that there are still restrictions. I can’t just register as a trader
2023-01-28 21:26
Reply
0
0
起风了3251
more than one year
A friend gave Amway this app a year ago, and after using it for more than half a month, the experience it gave me is still very good. Trading is much more convenient than mt4, and I also tried the copy function of the platform. Generally speaking, it is okay, but the fluctuation is relatively small. Let’s follow it for a few months to see how it performs. By the way, what I pay most attention to is the safety of funds on the platform. During this period, there have been five or six withdrawals, and the funds will basically be credited soon👍
2023-01-27 15:27
Reply
0
0
一只小神兽
more than one year
I was given this app by my friend Amway before. I didn’t believe it at first, so I tried it with half-belief. After a period of operation, I am completely used to it now. It feels good and easy to use, and the withdrawal is also fast and convenient. Not a lot.
2023-01-27 13:24
Reply
0
0
小王子6424
more than one year
After MT4 was deleted years ago, the iPhone could no longer be installed. A friend recommended this platform to me. After using it for 10 days, the overall feeling is very convenient. Whether it is to read information, watch the market, or view real-time strategies, it is very convenient. The deposit is also very fast. I am studying their copy trading. There are a few traders that I recognize very much. I plan to follow up after a while.
2023-01-26 10:26
Reply
0
0
天涯海角8715
more than one year
Personally, I think the trading function of the web version does not need to be further optimized. It is not good to draw and place orders, but you can switch to MT5 trading. There are no problems, and the transfer of funds is relatively convenient, which is very good.
2023-01-26 09:19
Reply
0
0
做交易的Henry
more than one year
Before the MT4 software couldn’t be used, I found a platform with its own app. I didn’t expect their app to be very easy to use. The transaction is very convenient. You can also directly perform deposit and withdrawal operations on the app, and you can also read news information, which is very useful. Yes, no problems found
2023-01-18 13:48
Reply
0
0
FX1193943045
more than one year
In order to cheat money, these traders say everything, but their promises are as light as a feather. Looking at the content of the official website is very unprofessional, there is nothing, and there is no formal supervision. I advise everyone not to waste time here.
2022-12-20 11:55
Reply
0
0
陳王馬杰
more than one year
My friend warned me not to trade with any website without regulatory information, I think AdvanTrade is such a website... Has anyone traded with it, can you tell me how it is?
2022-12-20 11:43
Reply
0
0
FX1151016135
more than one year
According to its website, AdvanTrade mainly provides copy trading... To be honest, I tried it once or twice, but the effect was not so good. Although we say that the market tends to repeat itself, you can't put all your treasures on copy trading...
2022-12-14 17:12
Reply
0
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