AdvanceStox Review – Is advancestox.com Scam?

1 Total Score
AdvanceStox Review

This broker is not regulated and therefore not trustworthy. We recommend you to try CryptoEngine with a trusted broker!

1Expert Score
AdvanceStox Review
1
1User's score
AdvanceStox Review
1
Add your review  |  Read reviews and comments

Try CryptoEngine with a trusted Broker!

Please read our AdvanceStox review before opening an account with them. Our advancestox.com review is an unbiased and honest one. They may come up with different reasons why you shouldn’t trust our review, but trust us when we say you will save yourself a lot of headache if you don’t sign up with this broker. We will also teach you how to draw your own conclusions about this broker, so let’s dive in!

Who and what is AdvanceStox

Simply put, AdvanceStox is an offshore and unregulated forex broker. What this means is they set up a company in a remote place, where there are no strict laws and collect the money there. Most of these brokers open these companies in the Saint Vincent and the Grenadines but there are some other popular offshore locations as well, like Marshall Islands, Dominican Republic and Cayman Islands just to name a few. In the about us page, there is never any information about the staff. The reason they don’t do this is because they are illegal and hide their identities. If you are still skeptic about what we say, please do your own research and conclude to your own AdvanceStox review.

Go to the about us page and see what info is there. After that go to the bottom of the AdvanceStox page and look at the company name. Research this company in Google or go to the companies’ registry in the state they are registered and search by name or company number. In every case there will be no association between the company and the website. There is also an address where this company is, so email the building or the business center whatever it is and ask about the company. Another thing you can do is research the whois data about the website and compare it to the info on their website. In any case there will be something that gives them away. You can also search for other AdvanceStox reviews online.

What do they claim to be

Most of the unregulated forex brokers claim the same thing, they are the leaders in the industry and the clients’ money is safe. That is clearly not the case, because if there is no supervising agency they can do whatever they please with your money. They also claim you can make money with them and there is a big problem with that. Their business model is kind of like the gambling industry, which means they make money when you lose money and vice versa. So trust us when we say that there is not in their interest for you to make money.

What they really are

What these companies are really into is not the forex industry, is the scamming industry. They prey on the unsuspecting people and fill them up with all sorts of lies and claim they can make money for them. They will try to get as much money out of you as possible. The ways they do this are different but the most common one goes like this.

They will show you profit in your account and convince you that if you put more money in, your profits will grow exponentially. In case you refuse to put more money or you want to withdraw money from them, they will come up with another strategy. You will have to pay taxes to withdraw the profits! Usually they will require 20% taxes paid upfront for them to release the profits. This is another common scam method and they will NOT release the money even if you pay these so called “taxes”. After that they will stop contacting you and probably lock you out of your account. In case you are still skeptic you can validate the above information yourself. Send them a withdrawal request and see what happens! You learn more about how the unregulated forex industry works here.

Can u get your money back?

Honestly there is no straight answer to that, sometimes you can get them back sometimes you can’t. It depends on many factors and many players. The most important factor is the deposit method and the most important players are the banks and PSPs. In either way you need to have a solid case. You have to collect all the evidence that shows they are not willing to return your money, including e-mails, text messages and phone calls. After that you need to present your case to the bank by either you or a chargeback company, in either case you only have one chance at this. We also have to warn you that there are many chargeback company scams out there also, so if you need a chargeback company, reach us at [email protected] and we will recommend one for you.

Another way to try to get the money back is to turn to the authorities. By authorities we do not mean just the police, but also regulators and even the business registry entity where the company is registered. In case you don’t know how to research all the above reach us at [email protected] and we will see if there is anything we can do to help you.

AdvanceStox Review Recap

We hope our AdvanceStox review has stopped you from giving them your hard earned money. In case you signed up with them before reading this review please do not give them any more. If you want guidance from us on what to do after being scammed, feel free to reach us at [email protected]. We will also like to hear your own AdvanceStox review which you can leave in the comment section below. That way you can warn other people about AdvanceStox.

1 Total Score
AdvanceStox Review

This broker is not regulated and therefore not trustworthy. We recommend you to try CryptoEngine with a trusted broker!

1Expert Score
AdvanceStox Review
1
1User's score
AdvanceStox Review
1
Add your review  |  Read reviews and comments

Try CryptoEngine with a trusted Broker!

2 Comments
Show all Most Helpful Highest Rating Lowest Rating Add your review
  1. Am citit cele de mai sus si sustin ca sunt niste escroci,si va spun si de ce:m-am înscris pe platformă să deschid un cont la ei cu 250 euro.La scurt timp am fost contactat de cineva sa ma ajute sa deschid contul;am fost plasat la un așa zis broker care să mă initieze in tranzacționarile pe care le voiface,apoi a asta după câteva zile m-a contactat sa-mi spuna ca a facut cateva tranzacții si de la 260 euro deja crescuse soldul la 300 si ceva de euro,dar a spus că nu poate face mare lucru ca soldul este prea mic iar firma il va clasifica într-o treapta inferioară pentru că aduce un profit mic companiei.Acum urmează partea interesanta:m-a convins să mai adaug la depozit bani ca să am un profit mai mare si am mai adăugat 6000 robi,apoi încă 11000 RON.O perioadă nu m-a mai contactat nimeni si m-am gândit că ar fi bine sa retrag banii si sa-mi vad de treaba.Cand au vazut asta m-au pus în așteptare,si au început să mă sune ca ma vor ajuta să-mi recuperez banii,dar au început sa spuna ca daca vreau sa-mi recuperez banii sa mai bag 1850 dolari ca împreună cu ceilalți vor intra în contul meu din bancă,lucru cu care nu am mai fost de acord si au început în final sa-mi spuma ca o sa-i mai vad peste vreo 5ani sau deloc.In concluzie,sunt niste escroci si nu stiu daca voi mai recupera ceva.O sa incerc sa intri pe pagina info de care spuneti si o să văd ce se mai poate face.

    I read the above and I claim that they are crooks, and I’ll tell you why: I signed up on the platform to open an account with them for 250 euros. Soon I was contacted by someone to help me open the account ; I was placed with a so-called broker to initiate me in the transactions you do, then after a few days he contacted me to tell me that he made a few transactions and from 260 euros he had already increased the balance to 300 and something euro, but he said that he can’t do much because the balance is too small and the company will classify it in a lower step because it brings a small profit to the company. Now the interesting part follows: he convinced me to add more money to the deposit so that I can a higher profit and I added another 6000 slaves, then another 11000 RON. For a while no one contacted me and I thought it would be good to withdraw the money and do my job. When they saw this they told me put on hold, and they started calling me to help me get my money back, but they started saying that if I want to get my money back and put another $ 1850 into the bank account with the others, which I didn’t agree with and they finally started frothing me that I’ll see them again in a while. 5 years or not at all. In conclusion, there are some crooks and I don’t know if I will recover anything. I will try to enter the info page you are talking about and I will see what else can be done.

  2. AdvanceStox Review
    10

    Only con no pros

    + PROS: None, just some nice phone conversation and learned some about cripto curency
    - CONS: Too expensive for phone conversation all OK until you get to withdraw gains or money, there the things stop. Lack of contact, they try to scam you more and after even more. Stay away from them scamers and thieves nothing else when it comes to advancestox.com or adancestox.cc. They even have the guts to use their app as Bitcoin Era solution, I do not know how and why Bitcoin blockchain allows them to do that ... At withdraw they even invoke that bitcoin blockchin has new policies. Again stay away from them
    Helpful(0) Unhelpful(0)You have already voted this

Leave a reply

Your total score

About Us

Scams Watchdog was created to protect people from different scamming industries all over the world.

Scams Watchdog
Logo
Enable registration in settings - general