Advance Prime Trader has been flagged by Financial Markets Authority for "Unregistered/Unlicensed entity offering financial products or services|Fraud ...". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I found this company through a friend who recommended it. Before investing, I checked various regulatory databases and found that Advance Prime Trader has been flagged as an unauthorized entity. I informed my friend immediately. Please always verify with official sources - a quick search could save you thousands.
Cons: Listed in warning databases|No transparency|Pressure to invest quickly
I was contacted by Advance Prime Trader through social media. They promised guaranteed returns of 20-30% monthly. Being naive, I invested. The "account manager" pressured me to invest more and more. When I finally tried to take profit, my account was frozen and they stopped responding. Classic Ponzi/advance fee fraud.
Cons: No regulatory oversight|Money disappeared|Fake testimonials
My withdrawal from Advance Prime Trader was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. since the beginning of the year of being strung along.
Pros: Fast support response|Regular updates|Transparent fees|Educational resources
Cons: Limited cryptocurrency options|Inactivity fee applies after 12 months
The platform itself is okay, but the customer service at Advance Prime Trader is truly awful. I waited weeks for a response to a simple inquiry. When they did respond, it felt like a generic template that did not address my specific issue at all.
Pros: Reliable uptime|Risk management tools|Segregated accounts|Multiple order types
Cons: Wait times can be long during peak hours|No crypto staking
The so-called education at Advance Prime Trader is just marketing. Every webinar ends with a push to deposit more. The market analysis is generic and often wrong. If you want real education go elsewhere. I wasted for roughly four months thinking they would help me learn.
Pros: Segregated accounts|Educational resources
Cons: Email notifications too frequent|Currency conversion fee exists
After spending since I opened my account last year trying to make Advance Prime Trader work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Multiple order types|Automated trading options|Demo account available
Cons: Could offer more webinars
The onboarding at Advance Prime Trader was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.
Pros: Intuitive for beginners|Professional team|Clear documentation
Cons: Research section could be deeper