Many crafty scammers create their illegal companies one after another to more actively swindle traders out of their money. Another fraudulent project has been uncovered, offering fake CFD services. If youāve come across this All Shores Advisory review, you need to know what this platform truly represents.
Brief Overview
- š„Official Website: https://allshoresadvisory.com/
- āļøContact Address: Level 42, Suntec Tower Three, 8 Temasek Boulevard, Singapore 038988
- šCustomer Support: +6531590361, [email protected];
- šLicensing and Accreditation: no
- ā³Track Record: 2024
- š§°Specialization: brokerage service
- š¤Terms of Cooperation: minimum deposit Ā£100, leverage 1:400
- š°Additional Services: webinars, daily news, copy trading
Allshoresadvisory.com Examination
The design of the official website seems familiar. Indeed, there is a group of brokerage firms that have the exact same design, which raises suspicions about All Shores Advisory’s activities. The company’s management decided to use an already existing template instead of creating a unique official website and standing out from the hundreds of identical pseudo-brokers.
In addition to English, Russian, and Polish are also supported, indicating the company’s focus on these regions. Interestingly, however, the company has no offices in Russia or Poland, with its office being located in Singapore. By the way, the broker says almost nothing about itself on its website, which can also be considered a downside.
The design is unremarkable. A ready-made template was used. The quality of information is low. Important data is simply hidden, and much more ā these are the key drawbacks of All Shores Advisory’s official website. And since the website is where the first interaction with the platform begins, the impression of the company is already negative.
Company Contacts
The broker shares contact details: an email address and a Singaporean hotline number. The scammers donāt even bother to hide the fact that the email is fake. Thereās no point in writing to it ā the message wonāt go through. Most likely, calling the phone number is also pointless. It seems that taking the initiative and contacting the companyās managers directly wonāt work since there are no real contact details, and thereās no online chat or social media presence. There isnāt even a feedback form. Instead, All Shores Advisory asks you to provide your phone number and name and wait for a call.
Key Conditions
Looking at the trading conditions, thereās nothing good to say either. The starting deposit isnāt too high, but itās not small either ā itās Ā£100. Traders donāt have the option to test the platform with a free demo account, so youād have to invest real money and risk it to do so. All Shores Advisory clearly doesnāt prioritize client-oriented service.
The maximum leverage is enormous ā 1:400. This poses significant risks for users, and there are statistics showing that more than 80% of traders lose money due to high leverage. This only benefits the scammers, who will surely recommend that clients take the maximum leverage. By the way, such a high leverage is a sign of a lack of serious regulation, but more on that later.
Key conditions like spreads and commissions arenāt even mentioned. All Shores Advisory has decided not to disclose this important information. However, several account types have been developed, offering poorly explained additional services. For example, on the second plan, where the minimum deposit is Ā£10,000, thereās an option for access to weekly CME reports. This is publicly available information, accessible to anyone on the official CME website. However, the broker only offers this if you deposit a substantial amount.
Exposing All Shores Advisory
We continue to expose this fraudulent platform. Is the company really operating in Singapore? Where is the MAS license? There is no such organization in the MAS registry. Furthermore, thereās no information about regulation on the website. Itās well known that if a company is under regulatory oversight, it will definitely display its license prominently. Having a license is a strong guarantee that the platform is not a scam.
The fact is, this company isnāt even registered in Singapore. All Shores Advisory is absent from the legal registry. This raises the question: where is the company actually registered? And the most likely answer is nowhere.
After this, there should be no doubts left about their illegal activities. The funny thing is that All Shores Advisory boasts of almost 10 years of experience. Allegedly, the company was founded in 2015 and entered the Russian market in 2017. Then why was the domain of the official website registered not in 2015, but in 2024? Where is the license from the Central Bank of the Russian Federation if they supposedly entered the Russian market in 2017?
The scammers used an old template to create their pseudo-website. They didnāt change the outdated text, which is entirely filled with fake and misleading information. And thereās the answer to all the questions.
Itās important to remember that the company is anonymous and operates on a 100% B-Book business model. These arenāt just minor signs of fraud, but additional red flags. However, they also play a significant role and should discourage anyone from even considering trading here.
What Reviews Do Users Leave?
The reviews about All Shores Advisory are quite clear. There are very few of them, which is not surprising, as the platform is very young, as shown by the domain registration date. Moreover, there are a few negative reviews from people who have been victims of these scammers. What more do you need to know if youāre considering trading here? All the evidence of fraud is right in front of you.
Conclusions
This is a typical scam project, as mentioned at the beginning of the All Shores Advisory review. The company is nothing; itās not even officially registered. You shouldnāt cooperate with such pseudo-brokers, regardless of what conditions they offer or what attractive services they use to lure in naive traders.
Pros/Cons
- The website is translated into multiple languages.
- Illegal activity.
- A fake address in Singapore.
- A template website, similar to those used by many other brokers.
- Almost no reviews on the internet.
- Short lifespan.
This damn company scammed me out of my money! I trusted All Shores Advisory and sent a deposit of ā¬2,000. Then they just started ignoring me after the deposit went to their crypto wallet. What am I supposed to do now? Iām lucky I didnāt send all my money, just a small portion. But it still hurts to lose ā¬2,000 for nothing. I handed it over to some anonymous scammers who promised to send me certificates proving they were working legally and to provide profitable signals that would supposedly help me earn over ā¬1,000 every month. What a naive fool I turned out to be.
They really seamers. When we want to withdraw money they say that they are trns8the money to liquidity provider and have to pay some more money for paper works of liquidity provider… This a headache š« Please don’t go for them.