ANSWER Advanced Trade is not legit and should be avoided at all events. Advanced Trade claims to be owned and operated by ADVANCED TRADING ENTERPRISE LIMITED, a regulated entity by the Australian Securities and Investments Commission (ASIC) with Representative Number: 001276870, and Vanuatu Financial Services Commission (VFSC) under Representative Number: 40436. However, the search results from both ASIC and VFSC indicate that the alleged regulation belongs to another broker named TOP 1 MARKETS, which is not affiliated in any way with Advanced Trade. We would like to remind traders that Advanced Trade is a clone firm that falsely uses details of a licensed entity to lure unsuspecting traders. All in all, Advanced Trade is not overseen by any regulator. That means investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam. We would recommend traders stay away from unregulated brokers like Advanced Trade and trade with licensed brokers.
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