Advanced Trade
We checked Advanced Trade against the AskCheck register. It has been reported (2022) and carries the red flags below. Treat it with extreme caution.
Why it’s flagged
What we found
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.
Assessment source: FastBull BrokersView.
What to do next
- Stop sending money. Don’t make another deposit, pay a “tax” or “release fee”, or share remote-access to your device.
- Gather your evidence. Save statements, chat logs, transaction IDs and the wallet addresses you paid to.
- Report it to your regulator and to local police / action-fraud line so it’s on the official record.
- Add your report here so the next person searching this name is warned — report Advanced Trade.
- Verify on the register. Cross-check the full entry on the SentFunds register before you trust anyone offering to help.