Honest Review of All Shores Advisory

Every day, we see new scam brokers emerging online. To prevent our readers from falling victim to these frauds, we regularly publish information about such platforms. The All Shores Advisory review covers one of these fake companies that presents itself as a legitimate firm. You’ll find a detailed account of this platform below.

Key Features

• Company Name: All Shores Advisory
• Website: https://allshoresadvisory.com/
• Available Contacts: Email [email protected]; Phone +6531590361
• Foundation: 2024
• Services: Forex/CFD trading
• License: None
• Initial Deposit: 100 GBP

From Sign-Up to Payout

The official website of the company follows classic scam project conventions:

• Minimal useful information. The site features grandiose, unverified claims like “All Shores Advisory is one of the largest online brokers in the world.”
• Lack of essential details. There is a complete absence of important information regarding trading conditions and non-trading operations.
• Intrusive advertising. The site heavily promotes a subpar trading terminal, among other things.

Despite boasting about operating under regulatory oversight, the company neglects KYC (Know Your Customer) requirements. During registration, users provide minimal personal contact information (which is not verified). While there is a verification procedure in the personal account involving document submission, there is no testing or categorization of traders as retail/professional.

Furthermore, the listed payment methods are fake. For withdrawals, only bank transfers, VISA/MasterCard transactions, or cryptocurrency wallets are available. In short, the use of fraudulent practices is evident on almost every page and function.

Our Trading Experience With All Shores Advisory

The issues mentioned above extend to the trading conditions at All Shores Advisory. Want to know more about spreads, swaps, leverage, or trade volumes? You’ll need to register, access the trading terminal, open positions, and find out for yourself. The broker does not intend to provide such valuable information in advance. They only specify the minimum deposit for each type of account.

As previously noted, the company’s trading terminal is far from an exemplary Forex/CFD trading software. It does have a couple of undeniable advantages: a basic TradingView widget and the ability to work with multiple price chart windows simultaneously.

However, the list of drawbacks is extensive. Here are the three most significant issues:

1. Unintuitive asset selection. The market overview window makes it difficult to select assets efficiently. The lack of a simple search system or favorites list slows down the process of selecting the right ticker, leading to time loss and potential financial losses, especially in dynamic strategies.
2. Inconvenient trading terminal. The terminal will disappoint any trader familiar with other software implementations. Notably, instead of displaying Bid and Ask prices, it shows only one price for both long and short trades. The spread is simply added to or subtracted from the current price, leading to an incorrect double spread for hedged positions.
3. Integrated platform and personal account. The platform is integrated with the personal account, raising serious concerns about security.

All Shores Advisory also lacks a demo account. This means traders must learn the terminal through real trading, risking their money. Potential clients are not likely to be pleased with this setup.

In summary, All Shores Advisory hides its trading conditions from its clients. The terminal is inconvenient and seems designed to increase trader losses. Still interested in trading here?

The Reality Check

Of course, “one of the largest online brokers in the world” cannot operate without official registration and licenses. The Singaporean address and phone number hint at where to look for information about the company.

Unfortunately for the scammers, there is no exact match for the company name in the Singapore business registry. It only contains information about Allshores Advisory.

One might attribute this to an error in the website creation process. However, Allshores Advisory is owned by a sole proprietor, and its primary business focus is management consulting. It does not seem to provide brokerage services. Additionally, it lacks a license from the local financial regulator, MAS (Monetary Authority of Singapore).

However, neither the Vanuatu registry nor the local regulator has any information about All Shores Advisory. The conclusion is clear: the broker lacks official registration and licensing for its services; its operations are illegal.

How Long Has All Shores Advisory Been in the Game?

We need to verify the information about the broker operating since 2015, as claimed on the About page. The domain registration date of allshoresadvisory.com, according to the whois service, will help us with this.

As we see, the domain was registered in July 2024. This means that by the time of writing our review, the broker has been operating for just over two months, not 9 years as they claim. This is sufficient to indicate that the false information in this regard clearly suggests that the company is just another scam project.

Extra Fraud Indicators

Here are a few more notable facts that will open traders’ eyes to All Shores Advisory:

• Savings account offering. The account list includes a Savings Account with returns of 21-37% and monthly payouts. The broker does not specify sources of income or security guarantees for the funds.
• Contact information. There is no online chat or links to social media profiles in the contact list. For a company claiming to be nine years old, this is quite strange. However, the fact that All Shores Advisory is only two months old explains this anomaly.

And finally, let’s all smile together. All Shores Advisory, whether from Singapore or Vanuatu, invites everyone on the very first banner of their homepage to trade with the best CFD platform in Europe.

Is All Shores Advisory the Right Fit?

We hope that after reading our All Shores Advisory review, there are no remaining doubts: this is yet another scam broker. It lacks both official registration and a license. Moreover, the owners of the project have not settled on its geographical location — whether it is from Singapore or Vanuatu. Against this backdrop, the absence of trading conditions, the inability to deposit funds, and the less-than-ideal software seem like minor issues. However, there are more than enough reasons to avoid it and not deposit any funds.

Got Questions? We Have Answers

Weighing the Benefits and Drawbacks