Avantmarkets claims to have been founded in 2006 and is based in Austin, Texas, offering CFD trading services in forex, stocks, indices, precious metals, commodities, and cryptocurrencies. However, after a thorough investigation, it appears that the domain avantmarkets.org was only registered in March 2024, raising serious doubts about the platform’s claimed founding year. This article will uncover the false claims and potential risks of Avantmarkets, providing investors with the information they need to avoid potential scams.
1. Platform Background and Self-Promotion: False Claims Exposed
Avantmarkets claims to have been established in 2006 and promotes itself as a leading CFD broker. It asserts to offer over 350 tradable instruments, including forex, stocks, indices, and commodities. However, a domain check shows that the domain avantmarkets.org was registered only in March 2024. This means the platform could not have been operating since 2006, raising significant questions about the platform’s background and the accuracy of its founding claims.
1.1 Over-the-Top Claims: Unverified Trading Promises
Avantmarkets claims to offer a wide range of trading tools, covering forex, stocks, and other popular markets. However, the platform provides no detailed information about trading conditions, such as account types, spreads, or leverage. The lack of transparency makes it difficult for potential users to evaluate the platform’s legitimacy.
2. Trading Platform: Extreme Lack of Transparency
Avantmarkets states that it supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5), both widely recognized trading platforms. However, upon investigation, no servers belonging to Avantmarkets are listed in the official MT4 or MT5 server lists. This suggests that the platform might not be offering these platforms at all, and could be using unauthorized or even fabricated trading environments.
2.1 Server Issues: Unverified Trading Environment
MT4 and MT5 are widely trusted trading platforms, and if Avantmarkets cannot provide valid server details for these platforms, it raises alarms. The ability to locate a trustworthy trading platform is a crucial factor in assessing its legitimacy. Avantmarkets’ failure to provide valid server details should be a red flag for potential traders.
3. Fake Regulatory Background
Avantmarkets’ website claims that it is registered in Mauritius and regulated by the Financial Services Commission (FSC) of Mauritius, with license number GB19024896. However, upon further investigation, it turns out that this license number actually belongs to the well-known broker GO Markets Pty Ltd. Avantmarkets has evidently stolen legitimate regulatory information, creating a false regulatory background to deceive potential investors.
3.1 Regulatory Fraud: Concealing True Identity
Avantmarkets has not provided sufficient evidence to prove its legitimate regulation. By stealing another platform’s registration and regulatory details, it has hidden its real background. Such actions are typical of scam platforms, and investors should avoid trading with such entities.
4. Educational Resources: Content Copied from Other Platforms
Avantmarkets claims to offer various educational resources, including beginner forex courses, Margin Call podcasts, trading strategies, and MetaTrader video tutorials. However, the content, format, and layout of these resources are identical to those found on the GO Markets website. This indicates that Avantmarkets has not created its own original educational content, further questioning its legitimacy.
4.1 Educational Resources’ Authenticity: No Real Value
While Avantmarkets claims to offer a variety of educational resources, it copies these materials directly from GO Markets, showing a lack of originality. This indicates the platform’s failure to provide genuine educational content for its users.
5. Deposit and Withdrawal Methods: Payment Channels Not Verified
Avantmarkets claims to support various payment methods, including Mastercard, Visa, Skrill, Neteller, bank transfers, and Fasapay. However, it has not been verified whether these payment methods are actually functional. Payment security and ease of withdrawals are critical to investors, and if a platform cannot verify its payment methods, it poses a significant risk to investors’ funds.
5.1 Payment Issues: Can You Withdraw Your Funds?
Investors need to ensure that a platform not only facilitates easy deposits but also allows smooth withdrawals. If a platform has questionable payment methods or withdrawal issues, it may be a sign of a scam.
6. Website Traffic: Nearly No Users
According to Semrush, Avantmarkets’ website has an average monthly traffic of fewer than 100 visits, suggesting it lacks user recognition and is rarely visited. Additionally, no news reports or media coverage related to the platform can be found, further exposing the platform’s fraudulent nature.
6.1 Extremely Low Traffic: Platform Lacks Real Customers
If a platform has no significant user traffic and no media coverage, it is a clear sign that it is not trusted by investors. This is especially concerning when the platform claims to have years of experience and a global reputation.
7. Social Media and Contact Information: Fake Presence
Although Avantmarkets displays social media icons for LinkedIn, Facebook, Instagram, and Twitter on its website, it has no active social media accounts. This is highly unusual for a modern broker. The platform only provides a US phone number (+1(786) 801-3810) and an email address (support@avantmarkets.org), which have not been verified.
7.1 Contact Information: Is the Phone and Email Real?
A legitimate broker typically provides clear and verified contact information, along with active social media accounts, to build trust. The lack of real contact details on Avantmarkets is a major warning sign.
8. Company Address: Likely Fake
Avantmarkets’ website lists its company address as “201 West 5th Street, Austin, Texas, USA.” However, Google Maps reveals that this address corresponds to a hotel, not a business office. This inaccuracy further questions the legitimacy of the platform.
8.1 Address Issues: Doesn’t Match Standard Practices
A legitimate broker provides a valid office address to enhance transparency and trustworthiness. The fact that Avantmarkets lists a hotel address instead of an office location is a major red flag indicating potential fraud.
9. Conclusion: How to Avoid Trading with Avantmarkets
Avantmarkets shows numerous signs that suggest it may be a scam platform. Its false advertising, stolen regulatory information, lack of transparency in trading conditions, and unverified payment channels all contribute to its fraudulent nature. Investors should be extremely cautious when selecting a CFD broker and prioritize platforms with a solid reputation, proper regulation, and transparent information.
FAQ
1. Is Avantmarkets regulated?
No, Avantmarkets is not legitimately regulated. It has stolen the regulatory information from GO Markets, creating a false regulatory background.
2. Does the platform provide MT4 and MT5?
No, Avantmarkets does not appear to offer MT4 and MT5 platforms. Its platform seems to be fabricated or unauthorized.
3. Are the payment methods on Avantmarkets reliable?
Avantmarkets claims to support several payment methods, but it has not been verified whether these payment methods are functional. Be cautious when depositing funds.
4. What educational resources does Avantmarkets offer?
Avantmarkets offers educational resources, but these are copied directly from the GO Markets website. The content lacks originality.
5. Is the company address of Avantmarkets real?
No, the address provided by Avantmarkets is actually a hotel location, not a legitimate business office.
6. Should I invest with Avantmarkets?
Given its false advertising and numerous red flags, it is highly recommended to avoid trading with Avantmarkets.
