Overview of AdvanceStox offers and broker reviews

Attention! Fraud company!

Leave a request for a refund from a scammer.

Not all brokers work within the legal framework. “AdvanceStokes” also belongs to such “kitchens”. What is this office, what attracts users, and what do traders write about it in reviews? Let's figure it out.

Overview of key information about AdvanceStox

AdvanceStox positions itself as a team of professionals in the world of finance and trading and guarantees its clients favorable terms of cooperation:

But, judging by the reviews of users who have become victims of scammers, all the promises of this “kitchen” are a complete scam. Find out what is true and what is false.

Let's start with the fact that AdvanceStox for some reason hides important information from users, for example, data about company executives, employees, and the timing of its activities. This is the first “bell” indicating that something is not clean here. And if it is impossible to “break through” the first information, then the second one is easily checked using the official Whois service. We determined that AdvanceStokes has been operating for less than a year - since about the end of 2020.

Now it is clear why AdvanceStox hid this information, because young participants in the financial market have never been credible. 

We also did not find any registration documents during the preparation of the review. It is only indicated that AdvanceStocks is owned by a certain company, Malarkey Consulting LTD (2020/IBC00078), registered in Dominica.

We checked this organization. Firstly, it is not listed among the officially registered offshore companies (although, judging by the address in Dominica, it should).

Secondly, the hotel is located at the declared registration address. Many breeders indicate it on their sites, simply removing the word “Hotel” so as not to “sleep”.

It is quite obvious that the parent company is in fact a dummy sharaga. 

As for AdvanceStox itself, in the “Contacts” section it is indicated that it is located on the territory of Saint Vincent and the Grenadines. 

We checked if AdvanceStokes is listed among the offshore companies. The result is null.

It is obvious that the address is also fake, because the breeders indicate the Griffith Corporate Center, but it is not clear on what floor and in what offices to look for them. Moreover, judging by the reviews of traders, this address is covered by more than one sharashka office.

The contact phone number (+7-499-7545849) is also alarming. It appears not only on the AdvanceStox website. There is information on the Web that another notorious “kitchen” “Terra Finance” also uses it. Either the scammers have already become insolent and just started copy-pasting each other's contacts, or the same swindlers are hiding under these brands. 

Of course, AdvanceStokes does not provide licenses, certificates and other permits. This office carries out illegal activities that are not controlled or regulated by anyone, so the number of reviews of deceived traders is constantly growing. 

At the same time, "AdvanceStokes" - they are still cunning! In order to blur the eyes of users, they posted in the “Regulatory Framework” section information about various regulators that have nothing to do with this pseudo-broker.

Judging by the reviews and the interface, the activities of the sharaga are aimed at the Russian-speaking audience. Therefore, we will separately check whether its work is licensed by the Central Bank of the Russian Federation. The result is quite obvious.

AdvanceStocks posted on the site a number of internal documents: “Terms and Conditions”, “Client Rights Policy”, “Privacy Policy”, etc. As it turned out, this is where all the “pitfalls” of the activities of these dodgers are hidden. For example, charlatans openly state that they:

• are not responsible for any losses that the client may incur;
• may at any time, without notice or any explanation, suspend the user's account;
• have the right to change the margin without notifying the client.

And the most interesting thing is that the breeders warn that additional commissions, fees, and restrictions may be imposed on the client.

Overview of AdvanceStocks offers

Judging by the feedback from former AdvanceStox clients, they are led by favorable trading conditions and opportunities. This is not surprising, because the pseudo-broker offers everyone without exception:

• the ability to trade through the Web Trader platform;
• more than 300 trading instruments;
• fixed/floating spreads;
• assistance of a personal analyst;
• bonuses to the account;
• 6 types of accounts with an entry threshold of $250.

But many of these "buns" exist only in the fantasy of a breeder.

Reviews about "AdvanceStokes": for or against?

Reviews about this sharaga speak for themselves. Users who are trapped by charlatans reveal divorce schemes.

How does AdvanceStox work?

Users in the reviews have repeatedly told how these swindlers tried to ingratiate themselves and impose their services. “If they call once, they won’t let go,” former clients of the “kitchen” say. Well, and then everything is as if it were knurled. First, they offer to deposit a minimum amount, then they are motivated to increase the deposit and earn even more. And as soon as the user is going to withdraw funds, they disappear from the account.

Among the common reasons for the “draining of the deposit”, which the scammers operate on: high commissions, at the expense of which the deposited amount allegedly went, technical problems or violation by the user of the terms of the “User Agreement”. And most importantly, AdvanceStocks has nothing to do with it, since it did not give any guarantees and indicated in the “User Agreement” that it is not responsible for any losses of customers. 

Results 

“AdvanceStokes” is a scam that has been operating for no more than a year, but, judging by the reviews, it has already collected a fairly impressive base of deceived traders. Do not fall for the tales of these crooks, so as not to become their next victim!