Have you ever thought of investing with CFDAdvanced brokerage? We would advise you to read this review first. Despite many false claims on the broker’s website, we’ve uncovered an entire fraud, and we have an official regulatory warning from Belgium to back up our discovery.
|Regulated by:||Unlicensed brokerage|
|Blacklisted as a Scam by:||FSMA|
|Owned by:||CFD Advanced Europe Ltd|
|Headquarters Country:||UK (allegedly)|
|Supported Platforms:||Web trader|
|Types of Assets:||FX, commodities, indices, stocks, cryptocurrencies|
|Free Demo Account:||Yes|
|Accepts US clients:||No|
CFDAdvanced Regulations and Security Details
CFDAdvanced is an online trading brokerage owned by CFD Advanced Europe Ltd. Allegedly, the company is based in the UK but has a CySEC regulation followed by the ASIC one. Since it’s highly suspicious that a UK-based broker would opt for a CySEC regulation instead of the FCA, we had to check what was happening with this particular broker.
As expected, CFDAdvanced regulation is nowhere to be found, and the company doesn’t even exist as a UK registered entity. Therefore, you’re dealing with fraud and you should be aware of it.
CFDAdvanced Warnings From Financial Regulators
As mentioned, we do have a backup for all our statements. Belgian regulator FSMA received numerous complaints against CFDAdvanced and issued an official warning, marking this brokerage as an unregulated fraud all residents should avoid.
Fund Withdrawal Issues With CFDAdvanced Broker
Since we’ve already concluded that CFDAdvanced is not regulated, we shouldn’t be surprised by the number of complaints related to withdrawal issues. If you decide to start investing, you will need a minimum deposit of $250, and for that money, you won’t even get the basic support.
Moreover, broker is encouraging clients to upgrade to at least a Silver account that requires a minimum of 10,000 EUR. Yet, even if you agree to this, you are confirming you won’t withdraw any funds within the first 3 months because if you do, you will be automatically degraded and left without support. It sounds like a legit scheme, doesn’t it?
Traders About CFDAdvanced Scam
As mentioned, clients are initially stunned by withdrawal clauses and issues they’re experiencing while trying to get their own money back. Besides, there’s always the matter of a lousy trading platform (proprietary web trader), bad support, and false regulation.
How To Know If You Have Been Scammed Online?
If you tried to withdraw your funds and the broker refused to process your withdrawal request or started delaying you, it’s the first sign of a scam. Besides, if your account access is suspended or you cannot log in due to technical issues and similar malfunctions, it could mean something is wrong. If you’re constantly pressured to add more money without the possibility to actually withdraw your profit, know you’re dealing with a scam. Also, according to CFDAdvanced reviews, this company forces clients to approve broker’s employees’ access via AnyDesk to their computer and mobile device.
If you experienced anything of the above mentioned, report it before it’s too late.
Scammed by CFDAdvanced?
If you were scammed by CFDAdvanced or a similar bogus broker, let us know immediately. We need to file a dispute and request a chargeback while it’s still an option.
But What Is A Chargeback?
It’s a way for your bank to reverse the transaction if you can prove you have been scammed. Since it’s possible to reverse the fraudulent transaction up to 540 days after it occurred, we need to stop wasting time and start collecting evidence right now. Contact us via online chat, book your free consultation and let’s begin.
What is CFDAdvanced?
CFDAdvanced is a fraudulent online trading brokerage without regulation.
Is CFDAdvanced a scam broker?
Yes, CFDAdvanced is unregulated and blacklisted by Belgium’s authority body FSMA.
Is CFDAdvanced regulated?
Despite false claims, CFDAdvanced is not a regulated broker and provides financial services illegally.