CFDAdv.com Review(2021): Why CFD Advanced Is Scam?

Thinking of getting into business with CFD Advanced? Here is what you must know about this broker. Carefully read this review to find out if CFDAdv.com is the trading platform you will want to trade with.

About CFD Advanced Broker

CFD Advanced is an offshore brokerage company with a lot of promises for traders. The broker address shows it is from United Kingdom.

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The broker presents different account types. See below.

Address

To clarify, in spite the trading instruments CFD Advanced claims to offer, traders must know they are dealing with an unknown broker which does not have a regulation over its head.

Here is a list of unlicensed brokers Financial Services and Market Authority (FSMA) has blacklisted.

FSMA Warning

CFDAdv.com: Reasons to Avoid This Broker

Firstly, CFDAdv.com is a platform with no financial authority overseeing its financial services. We discover the broker is not recognized under the Financial Conduct Authority, UK as a licensed entity.

Secondly, we noticed CFDAdv.com has no demo account for traders. Since traders can’t test the broker on a free account, we can’t know its viability in the forex market.

More so, this broker does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.

These are red flags for forex traders to avoid losing money with this scam broker. In fact, It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.

Withdrawal and Deposit

Withdrawal process

Under the withdrawal policy, CFD Advanced withdrawal process takes 24 hours. The brokers claims no fee on withdrawal request. For an inactive account of 30 days, the broker charges $99 per each period.

Minimum Deposit

CFD Advanced minimum deposit is €10,000 according to the account type.

As for the payment methods, the broker accepts Debit/Credit, Bank Transfer, and popular online payments. But, you should not consider making any payment with this broker because it is a risk. So beware!

CFD Advanced Platform

CFD Advanced offers web based trading platform and not MT4 or MT5 (Industry standard trading platforms) which gives us more reason not to take this broker serious.

As for the leverage, it can get up to 1:150. Nevertheless, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.

CFD Advanced Licensing and Regulation

It is not far from believing that this broker is not a licensed brokerage firm. It is not under any financial regulation that means your money is at risk. Its unlicensed and unregulated activities are truly a red flag and must be avoided.

Instead, Trade with TOP RATED BROKERS



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Licensed in UK(FCA), Dubai(DFSA), St Vincent and the Grenadines, Cyprus(Cysec) and Cayman Islands

Accepts Traders Worldwide

Minimum Trade Deposit $100

Maximum Leverage
1:500

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Licensed in UK(FCA), Australia(ASIC), Belarus(NBRB) and Canada(IIROC)

Accepts Traders Worldwide

Minimum Trade Deposit $100

Maximum Leverage
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Licensed in Australia(ASIC) and Cyprus(Cysec)

Accepts Traders Worldwide

Minimum Trade Deposit $100

Maximum Leverage
1:500

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Conclusion: Is CFDAdv.com a Reliable Broker?

No, CFDAdv.com does not seem like a reliable broker for traders even though it promises offers that look good to be true.

Most importantly, the broker is unregulated which means it is not authorized to operate in any regulated country and you should definitely not put any money into it.

Because we have taken it as a duty to review scam forex brokers and also share reasons, we will not recommend this broker for trading.

Kindly share your comment about this broker in the comment section.

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