Finance Advisory AG Trading Platform ?? SCAM ??

abitofbinary

Hi, just new in here, but am familiar with MSE

Does ANYONE have any info/experience with Finance Advisory AG who are an online Trading Platform pls ??

eskbanker

No direct experience of the company but have seen countless similar threads started by new posters asking about obscure trading platforms and they rarely end well!

What's the exact URL of the company you're referring to (there are clone warnings) and where did you hear about them?

WastedWords

Funny how queries regarding unheard of platforms are nearly always promoted raised by first time posters

abitofbinary

Thanks for comments, but I am a genuine investor WastedWords

It's webtrader DOT financeadvisoryag DOT trade/

I used Binary Options a few years ago, but after a few rough trades, I decided to leave it alone....... only to find when I'd logged back in a month later they had taken my account funds. On this premise, I stepped well away from the markets, but have been quietly watching since and waiting for what would appear to be the right one

I found a great review of this TP on a trusted site and decided to initially make a small deposit of £200 to see how it went. All is going well so far but I'm finding myself questioning things

After further research, I've found results both good and bad

fwor

abitofbinary said:

It's webtrader DOT financeadvisoryag DOT trade/

That domain name was first registered approximately 10 weeks ago. On that basis alone I would consider it to be very suspect indeed. 

While I fully accept that every organisation (be it genuine or scam) has to start somewhere, this is not an area where anyone should be taking "trailblazing" risks.

WastedWords

Please excuse my cynicism but....
https://www.fca.org.uk/news/statements/fca-confirms-permanent-ban-sale-binary-options-retail-consumers#:~:text=inherently%20flawed%20product.-,',likely%20to%20be%20a%20scam.

Reaper

I find it amazing people choose an obscure web site with no history when there are so many solid, reliable platforms with good reputations. I am curious to know what the "trusted site" is that would recommend such a company.

eskbanker

abitofbinary said:

I found a great review of this TP on a trusted site and decided to initially make a small deposit of £200 to see how it went. All is going well so far but I'm finding myself questioning things

You spaffed invested some of your money on the basis of a 'great review', despite having been scammed by a similar outfit previously?  What did you see as their differentiating USP that led you to believe they'd be better than the myriad of competitors?

And at the risk of stating the obvious, the time to judge whether such operations are going well is when trying to take money out not when putting it in!

abitofbinary

eskbanker said:

abitofbinary said:

I found a great review of this TP on a trusted site and decided to initially make a small deposit of £200 to see how it went. All is going well so far but I'm finding myself questioning things

And at the risk of stating the obvious, the time to judge whether such operations are going well is when trying to take money out not when putting it in!

Yes, this will be the tell tale, I know

The difference is this platform is not like BinaryOptions where u literally "bet" on up/down over a very short period. This is very similar to TradingView, where you can leave trades on there for the long run....

Thanks for the positive comments

To re-iterate my OP, I'm interested to hear from ppl with actual info/experience of using the platform

Many thanks

dunstonh

The FCA register has no company with the name Finance Advisory in their business name or trading style.

eskbanker

abitofbinary said:
To re-iterate my OP, I'm interested to hear from ppl with actual info/experience of using the platform

Don't hold your breath!

I tried to access the website you referred to (on a couple of browsers), and it presents exactly zero information about the company, where it's based, any regulatory disclosures, etc, just a login screen, which is hardly a transparent way of running a business....