Our investigation into Advantrade found an operation with the classic markings of an investment scam. If you are weighing a deposit — or trying to get one back — read this first.
None found
High (4/4)
Undisclosed
Avoid — do not deposit
Who is Advantrade?
On the surface, Advantrade looks like an ordinary forex and crypto broker. Its public site is presented at https://www.advantrade.net/. But surface impressions are exactly what these operations rely on — the substance behind Advantrade is where the problems begin.
Is Advantrade regulated?
Advantrade provides no verifiable regulatory licence. An unregulated broker answers to no one: it can freeze withdrawals, invent fees, and disappear with deposits, all without consequence. This alone is reason enough to stay away.
Red flags we identified
- Unrealistic profit claims and pressure to deposit more
- Aggressive “account managers” coaching clients to deposit
- Offshore or shell-company registration used to avoid oversight
- Withdrawals reportedly blocked behind “taxes,” “fees” or account “upgrades”
- No verifiable licence from a recognised financial regulator
Our analysis
Advantrade is not a reliable broker for traders. Advantrade claims it is a one-stop trading app co-developed by Topical Wealth International Ltd (Top Wealth) and ET FinTech Pty Ltd, two companies with different authorization and regulations. Topical Wealth International Ltd (Top Wealth) holds a license issued by the Seychelles Financial Services Authority (Seychelles FSA) and authorized by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) with an MSB license. ET FinTech Pty Ltd is regulated by the Australian Securities & Investments Commission (ASIC). First, please be informed that FINTRAC is not a regulatory body that issues licenses for forex trading or regulates entities engaging in forex services. Second, we indeed find a match result to Top Wealth in Seychelles FSA. But as per the details shown on Seychelles FSA, the approved domain of Top Wealth is "https://www.topicalwealth.com". That means Advantrade has no connection with Top Wealth since the former's domain is not the one registered in Seychelles FSA. Third, we also find a match result to ET FinTech Pty Ltd in ASIC. But there are no representatives named "Advantrade" of this firm shown on ASIC. The truth is that Advantrade is not overseen by any regulators. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.
Can you recover money lost to Advantrade?
If you have deposited with Advantrade, do not pay any further “fees” to withdraw — that is part of the trap. Funds sent to operations like this can sometimes be traced on-chain and pursued through the exchanges and processors that received them. Whether recovery is realistic depends on how you paid and how quickly you act.
Were you scammed by Advantrade?
You may still have options. Our team can trace where your funds went and tell you honestly whether recovery is realistic — with a free, confidential case review.
Start a free recovery review →Warning: never pay an upfront fee to anyone “guaranteeing” recovery. Cleverecovery does not guarantee outcomes.