Beware! Advantiumlimited.com is an offshore broker! Your investment may be at risk.
RECOMMENDED FOREX BROKERS
Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.
Advantium Limited is a scam. We claim so because the so-called broker operates as a clone firm mimicking a legit British company. Also, a few other reasons inarguably prove there is something wrong with the broker, and you’ll find what we are talking about in the full Advantium Limited review.
Advantiumlimited.com REGULATION AND SAFETY OF FUNDS
Advantium Limited is a clone firm impersonating an authentic company bearing the same name that’s incorporated in the UK more than a decade ago. The underlined number you see above belongs to the company mentioned, but we found the latter having nothing to do with the broker reviewed. Furthermore, the legit Advantium Limited doesn’t hold a Forex license, so even if we were not dealing with a clone, Advantiumlimited.com would still be illicit. We’ll share more information about firm cloning later in the review.
At the same time, though, Advantiumlimited.com states to be governed by the laws of Japan. Well, such a statement doesn’t make any sense and it’s laughable nonetheless. As you can guess, we are reviewing a scam.
Nevertheless, to (dis)prove our claims, we checked for a license in the register of the British FCA and, as expected, found no regulated companies linked with Advantium Limited. Those things considered, we assert that your funds will be in danger if you deposit.
Avoid Advantiumlimited.com and see the high-rated EU brokers and British brokers instead. We recommend European FX companies because they are strictly regulated and, most importantly, covered by deposit insurance funds. Hence, clients of CySEC brokers can get up to €20 000 in compensation, while the British protections are even greater- up to £85 000 per person.
Advantiumlimited.com TRADING SOFTWARE
Advantium Limited provides web-based software that doesn’t impress at all- unreliable indicators, poor charting tools and a total absence of sophisticated features like automated trading, for example. In fact, it would be a disastrous idea even to try implementing auto trading scripts into the platform.
However, as we already know that the broker reviewed is a scam, we’d like to offer the high-rated MetaTrader4 brokers and MetaTrader5 brokers on both lists. We recommend MT brokers because both terminals are market leaders packed with sophisticated indicators, reliable charting tools and EAs making automated trading possible.
The EUR/USD spread is 0.6 pips, which is generally a favourable Buy/Sell difference, but not when it’s provided by a fraudulent broker with an inferior platform. Instead, you’d better follow the links provided throughout the review to find real FX companies offering affordable spreads of 1 pip or less.
As for leverage, it’s 1:200, and that once again proves that Advantium Limited is illegitimate as British brokers can’t provide more than 1:30 for retail clients. Besides, licensed EU and Australian brokers also have to limit FX majors to 1:30, while the US brokers to 1:50. That said, we need to warn that most of the high-leverage brokers are either poorly regulated or not at all, so you need to be careful with such entities. You’d better remember this piece of information as it will help you recognise fraudulent offers on the market.
Advantiumlimited.com DEPOSIT/WITHDRAW METHODS AND FEES
The minimum deposit is $250, which is not as much, but at the same time, loads of licensed brokers are accepting clients for as little as 5 to 10 dollars, so it’s anyway worthless dealing with a scam like Advantium Limited.
As for funding, it’s only possible to request a call back from the broker, so we can’t discuss anything whatsoever. Still, while talking about deposits, check the high-rated Skrill brokers, Neteller brokers, FasaPay brokers, Sofort brokers, and Bitcoin brokers if you have a trusted payment system.
Advantium Limited doesn’t specify minimum withdrawal amounts, but the policy will drastically alter if clients accept incentives. In such a case, clients will have to pay 25% of the withdrawal sum if they fail to trade the bonus 40 times. Well, first of all, the broker doesn’t specify what 40 times means, so it can always interpret the clause to reject withdrawal requests. Most importantly, though, British brokers are not allowed to offer incentives to their clients, which once again shows that Advantium Limited isn’t legit.
HOW DOES THE SCAM WORK
Advantium Limited is a clone firm impersonating authentic companies, and the scammers are pretending to work for established businesses. That’s a nasty scam because many people can get tricked and believe the con artists’ offers are legit. However, even when we are not talking about clones, the scam usually happens in the following way:
It all starts when you click on a fraudulent ad or some suspicious social media profiles offer you deals that sound too good to be true. Once scammers get your e-mail and phone numbers, they will immediately approach you, and being seasoned manipulators will start insisting that you should deposit as quickly as possible. To entice you, they will promise bonuses, promotions, risk-free offers, Bitcoin opportunities, and anything else you could possibly imagine. To impress you, scammers often pretend to work with reputable firms, banks, governments and so on. If you are not careful enough, you may end up depositing, and that’s just an early stage of the Forex scam.
Usually, scammers pretend to manage your account and too soon, they’ll show you fake profits. Thinking that you are in the money, you’ll probably ask for a withdrawal, but they’ll promise even greater gains. If you believe them, you’ll increase the deposit size, but those criminals will ask for even more. At some point, you’ll insist on getting your funds back, and as soon as the cons realise they have milked you for your savings, they’ll disappear. But before they get lost, they’ll ask you to pay a hefty amount if you want to withdraw. That’s the ultimate scam sign.
WHAT TO DO WHEN SCAMMED
Unfortunately, no one is safe from scams. If you get defrauded, the first thing you need to do is protect yourself from further risk. Deactivate your card immediately, contact your bank and ask for advice.
Report what happened to you, file a complaint, contact the financial regulator, contact other government institutions related to trading and investing, call the police if you feel necessary. Seek help actively!
Remember, it’s crucial not to rush blindly to recover your funds because fraudulent fund recovery agencies are trying to double scam the victims. They ask for upfront payment, take the money but don’t do a thing to help you!
Last but not least, share online your experience; it’s important to protect others, as well. Be responsible!