CFDAdvanced Broker Review
Have you considered making an investment through CFDAdvanced brokerage? We suggest reading this review first. We have discovered a complete scam, and we have an official regulatory notice from Belgium to support our research, despite the broker’s website making several misleading promises.
Broker status: Unregulated
Regulated by: Unlicensed brokerage
Blacklisted as a Scam by: FSMA
Owned by: CFD Advanced Europe Ltd
Headquarters Country: UK (allegedly)
Foundation year: 2021
Supported Platforms: Web trader
Minimum Deposit: $250
Cryptocurrencies: Available
Types of Assets: FX, commodities, indices, stocks, cryptocurrencies
Maximum Leverage: 1:150
Free Demo Account: Yes
Accepts US clients: No
CFDAdvanced Regulations and Security Details
Online trading broker CFDAdvanced is a property of CFD Advanced Europe Ltd. Although the company’s purported headquarters are in the UK, CySEC regulations are followed by ASIC regulations. We have to investigate what was going on with this specific broker since it is quite odd that a UK-based broker would choose a CySEC regulation above the FCA.
As would be predicted, there is no mention of CFDAdvanced regulation, and the company is not even a UK registered corporation. You should be aware that you are dealing with a scam as a result.
CFDAdvanced Warnings From Financial Regulators
As previously said, we do have a backup for every one of our claims. A formal warning was issued by the Belgian authority FSMA after it received multiple complaints about CFDAdvanced, designating this brokerage as an unlicensed scam that all locals should avoid.
Fund Withdrawal Issues With CFDAdvanced Broker
The number of complaints about withdrawal problems shouldn’t surprise us since we’ve already determined that CFDAdvanced is not regulated. If you choose to start investing, a minimum deposit of $250 is required, but you won’t even get the most basic assistance for that amount.
Additionally, the broker is urging customers to upgrade to at least a Silver account, which needs a minimum of 10,000 EUR. Even so, by accepting this, you agree that you won’t take any withdrawals within the first three months; otherwise, you will be instantly downgraded and left without support. Doesn’t it sound like a legitimate plan?
Traders About CFDAdvanced Scam
As previously stated, clients are initially taken aback by withdrawal clauses and problems they run into when attempting to recover their own funds. Additionally, there’s the issue of a substandard trading platform (proprietary web trader), poor customer service, and false regulation.
By all circumstances, avoid CFDAdvanced broker.
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