Finance Advisory AG is positioning itself as a brokerage company specializing in margin and spot trading. It suggests using contracts for difference (CFDs) along with a wide range of classic financial instruments. The company provides a number of additional services like analytical support, expert advice, bonus programs, training for novices, and increased leverage. Despite these attractive offerings, the broker has a low trust rating and overwhelmingly negative reviews. This review is to find out whether the dealer is a legit broker or a scam.
Highlights
Official Website | https://www.financeadvag.com/ |
Company Name | Finance Advisory AG |
License Status | None |
Account Types | Intro, Beginner, Silver, Gold, Premium, VIP, Partners |
Demo Account | None |
Assets Offered | Currency Pairs, Indices, Commodities, Stocks, Crypto |
Leverage | Up to 1:500 |
Trading Platform | WebTrader |
Deposit Methods | Visa, Crypto, Sepa, Swift |
Withdrawal Time | Up to 24 hours |
Affiliate Program | None |
Key Trading Features
Finance Advisory AG provides several account types with different conditions and services offered. After registration, users can choose among seven levels of accounts: Intro, Beginner, Silver, Gold, Premium, VIP, and Partners. Let’s get down to the details, delve deeper into the main conditions, and outline the main disadvantages of trading with this platform.
The minimum deposit starts from £100, but in return for a deposit of at least £1,000,000, the user will get the highest account tier with special privileges, such as investment conferences or mystery exclusive trips.
Basic account holders are given limited access to various financial tools. Information about spreads and swaps is provided vaguely as “standard” or “medium.” An entry-level account offers the assistance of a trading assistant, which might not be all that effective or even good in the first place.
The higher-tier accounts offer a 100% increase on deposits, while a monthly guaranteed ROI goes as high as 18%. This is very suspicious because usually, in regular trading environments, it is extremely rare to find offers of guaranteed returns, and these are almost always signs of a fraud.
Opaque trading conditions on the platform and the emphasis on high-risk CFDs naturally imply considerable financial losses. Lack of information about spreads and commissions aggravates the risks, since customers are just in the dark about how expensive the trade is.
Overview of Available Trading Instruments
Finance Advisory AG claims to have access to more than 500 trading instruments, including currency pairs, cryptocurrencies, commodities, stocks, and indices. In reality, this number is significantly limited for basic account holders.
The standard selection includes really popular assets from most categories. However, in fact, the amount of available instruments is effectively reduced by half due to limitations in the trading platform and account type restrictions.
The broker makes much ado over CFDs, a group of derivatives that will enable traders to make speculative investments in the future direction of prices for assets they do not have to own. CFDs have the prospect of very significant returns, although this comes with a high risk of losses. Industry data indicate that about 80% of people who trade CFDs lose their money, thus making this investment quite a lousy one for ignorant investors.
Trading Platform Analysis
Finance Advisory AG is advertising its proprietary trading platform, emphasizing WebTrader and a browser-based interface. It is seriously doubtful whether the platform works properly and reliably.
The WebTrader platform is available only on a desktop, but it is quite unreliable on a mobile device. It is advertising instant order execution (0.08 seconds), minimal commission, and zero spreads for premium accounts, which is highly questionable considering the low liquidity of the platform and the restricted feature set.
There are no significant trading tools present in the form of oscillators, indicators, or investment features available, which further makes this platform less usable for professional traders.
Additional Services
Finance Advisory AG provides several additional services that supposedly serve to facilitate trading with the company. In fact, all such services have a high-doubtful real value.
The company claims to protect a negative balance if a trader cannot lose more than one has already invested. As usually happens, this should be a default option with any good dealer. So, there is a lot of doubt concerning the case of Finance Advisory AG.
It also has a trading academy, including various articles, glossaries, and video materials for complete beginners. However, most of the education lacks depth and therefore is pretty worthless for more serious traders.
The company promises professional support via email, but the users claim that the email addresses provided are either inactive or not responding. The inability to have responsible customer support is another reason why the platform is not trusted.
Fee Structure
The company does not provide much information about trading commissions, withdrawal fees, or inactivity penalties. Users will have to learn about them through experience, and this often comes with unexpected costs.
The broker states to have no charges on cryptocurrency transactions. The absence of an explicit withdrawal and refund policy does raise some doubts regarding the transparency and fairness of the claims.
Legitimacy of Finance Advisory AG
The project falsely claims to be registered with the Swiss Financial Market Supervisory Authority, FINMA. Meanwhile, a search in the FINMA registry fails to indicate the presence of Finance Advisory AG. This means the claims are fake.
Company History
Finance Advisory AG is a newly established company in the financial services sector. It was incorporated only at the end of 2024, or rather, its domain name.
The company asserts to be experienced, boasting years of operation and an immense clientele base. Such assertions can be proved to be quite a hoax, since a simple check of the domain name reveals the actual period of the project’s operation.
The firm, as an obvious fact, does reputation management through some fake reviews and testimonials. Moreover, it is unable to prove any kind of customer satisfaction, which also deters customers.
Conclusion
Finance Advisory AG does business illegally since it has no regulatory oversight to ensure its operations. The company is not transparent, offers questionable trading conditions, and has overwhelmingly negative customer feedback. This dealer is not worth the huge risk of losing money that an investor would be exposed to, especially when trading CFDs.
Weighing the Pros and Cons
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Basic educational content for beginners is available.
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Illegal operations without license.
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High reliance on risky CFDs.
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Recently established with no proven track record.
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Accusations of misappropriating client funds.
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Low trust levels and restricted registration process.
Common Questions
How can I unblock my account?
To unblock an account, users must contact customer support via email.
How can I receive a 50% deposit bonus?
The bonus is received for deposits amounting to £75,000 and above.
Terrible customer support, cannot solve anything in particular, let alone a withdrawal. Wish I never knew this site…
Lagging Webtrader is terrible even for decent devices. Crashes at every moment. I lost 1539 pounds because of it and think of taking the rest!