Advanced Markets Exposed: Slippage, Copy Trade Errors & Losses

Have you made profits using the copy trade strategy implemented by Advanced Markets? But did the withdrawal stop as the company cited questionable trades? Have you failed to receive any email from this broker regarding the investigation it claimed? Are high slippages and trade losses regular with Advanced Markets? These are nothing but scams. Many traders have openly criticized the UK-based broker for these suspicious forex trading activities. In this article, we will share trader comments against the broker. Keep reading!

Complaints Against Advanced Markets

Copy Trade Errors and Subsequent Losses for the Trader

To be successful in forex trading, traders need to implement a wide range of strategies, including copy trading. This trading refers to mimicking the trading style and strategy of successful traders. The broker implemented this strategy on behalf of the trader, who admitted to having made profits. However, the broker claimed that some trades were questionable, so the investigation was put on those. Surprisingly, the clients did not receive any email about the questionable trade. As per the admission, Advanced Markets has scammed him and other traders for $55,000. Here is the screenshot supporting the allegation.

High Slippage, Poor Execution and Abrupt Pricing Make the Trader Experience No Better

You may have a good experience initially with Advanced Markets. However, as you continue trading with them., you will likely witness issues, such as high slippage, slow trade execution, and sudden price changes. This only leads traders to losses. One such experience is shared by a trader through this screenshot.

Poor Customer Support Only Adds to the Woes

Advanced Markets claims fast execution, but in reality, delays have cost traders heavily. Moreover, traders do not receive adequate customer support during such times, which is furthermore annoying. Have a Glance at the screenshot below regarding this critical issue.

Scanning Advanced Markets on Trader Safety

Advanced Markets is a scam forex broker as it is not regulated by any competent financial authority. This is despite it having been operating for more than five years. Understandably, the WikiFX team has given it a score of just 2.18 out of 10.

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