Avantmarkets is a CFD broker claiming to have been established in 2006, headquartered in Austin, Texas, USA. The company offers trading services in forex, stocks, indices, precious metals, commodities, and cryptocurrencies. However, domain registration information reveals that avantmarkets.org was actually registered on March 12, 2024, casting doubt on the company's year of establishment.
Official Website Introduction and Slogan
The official website's slogan is "Trade global CFD markets. Forex, Indices & more." The site claims to offer over 350 tradable CFD instruments, including forex, stocks, indices, and commodities.
Trading Software
The official site claims to use MT4 and MT5 as trading software. However, the TraderKnows team discovered through investigation that Avantmarkets Pty Ltd's servers were not found in the MT4 and MT5 server lists, raising questions about the authenticity of its trading platform.
Regulatory Information
The official website indicates that Avantmarkets Pty Ltd is registered in Mauritius (Number 170969) and is regulated by the Mauritius Financial Services Commission (FSC) (License GB19024896).
However, investigations show that the registration number and regulatory information actually belong to the well-known broker GO Markets Pty Ltd. The company platform has borrowed GO Markets' legitimate information, fabricating its own regulatory background.
Educational Resources
The official site provides the following educational resources:
- Introductory Forex Course: Suitable for beginners to learn basic knowledge.
- Margin Call Podcast: A podcast series introducing forex and CFD industry trends.
- Inner Circle Webinars: Weekly educational courses and market reviews.
- Trading Strategies and Psychology: Sharing articles written by Swan Mining Fx.
- MetaTrader Video Tutorials: Helping beginners learn MT4.
- Advanced Forex Course: Courses to enhance trading skills.
In reality, these contents and layouts are identical to those on the official site of broker GO Markets.
Deposit and Withdrawal Methods
The platform claims to support deposit and withdrawal methods such as Mastercard, Visa, Skrill, Neteller, Bank Transfer, and Fasapay. However, it is yet to be confirmed whether these payment methods are genuinely effective.
Website Traffic and Brand Exposure
According to Semrush data, the official site's average monthly visits are less than 100. This indicates a lack of recognition among users, and it is almost unused. Additionally, no news reports related to this platform were found in public networks.
Social Media and Contact Information
Although the official website displays social media icons for LinkedIn, Facebook, Instagram, and Twitter, Avantmarkets has not actually set up any social media accounts, which is highly unusual for a modern broker. Their contact information includes a US phone number (+1(786) 801-3810) and an email ([email protected]).
Corporate Staff and Detailed Address
No information about Avantmarkets corporate staff can be found online. The official site lists the company's address as "201 West 5th Street, Austin, Texas, USA," but Google Maps shows this address is actually a hotel, further questioning their operational legitimacy.
Account Types and Website Design
The official site does not disclose any information on account types, spreads, leverage, or trading commissions. Moreover, its website design is entirely similar to the templates used by several fraudulent platforms such as Crownforexpips and Premierecapitaltrade, indicating it may be a product of the same scam group.
Agency Policy
The platform offers two agency modes: White Labels and Referral Program. In fact, this segment is also copied from the content on broker GO Markets’ official site.
Risk Report
Considering all the information, the platform's likelihood of being a scam is very high. The main risk points include:
- False Establishment Date: The official site claims it was established in 2006, yet the domain was registered on March 12, 2024, a clear contradiction.
- Fake Regulatory Information: The company has used GO Markets' registration and regulatory information to mislead investors.
- Opaque Account Types: Failing to disclose crucial information like spreads and leverage hinders users from understanding real trading costs.
- Low Website Traffic: The official site's average monthly visits are less than 100, indicating a lack of user base and credibility.
- Inaccurate Company Address: The provided address does not match the actual location, deepening doubts about its operational legitimacy.
- Shared Template with Scam Platforms: Sharing a website template with known scam platforms suggests it might be a mass-produced scam.
In conclusion, Avantmarkets uses fraudulent information and misleading promotions to attract users. Investors should steer clear of this platform to avoid financial loss.
