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No valid regulatory information, please be aware of the risk!
Pyramid scheme complaint
|Minimum Spread||From 0.0 pips|
|Trading Assets||Forex pairs, indices, stocks, oil|
|Payment Methods||Card & Online Banking|
|Customer Support||Online Chat, Facebook, Youtube|
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:
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.
AdvanTrade boasts that it provides the most traded mainstream financial instruments, which covers Currencies, Indices, Oil, Futures, Precious Metals, Digital Currency.
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.
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.
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:
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.
Alternatively, this brokerage firm can be followed on Facebook and Youtube.
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
|Generous leverage up to 1:400||No regulation|
|Wide selection of trading instruments||No account description|
|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.
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