Independent rating of Forex broker Advanced Markets

About company

Advanced Markets is an ECN broker established in 2006. The company is regulated by the ASIC. The supervision of such a reputable financial regulator imposes several strict obligations on the broker: client funds must be kept in segregated accounts opened in international banks such as Bank of America, Deutsche Bank, Citi, and Macquarie Bank. Apart from providing services to retail clients, Advanced Markets works with fund managers, commodity and forex traders. Nowadays, more than 40,000 clients from 30 countries across the world work with the broker.

Trading conditions

• the company's financial instruments include currency pairs, precious metals, CFDs for financial and commodity products;
• one trading account type
• only one deposit method – wire transfer
• demo account for novice traders

Trading platform

Advanced Markets offers its clients a wide range of trading platforms. The popular MetaTrader 4 (MT4) platform provides investors with access to the forex market enabling them to trade 24/7. Most investors choose MT4 because of a large number of technical indicators, an extensive testing environment, and a wide range of expert advisors (EA). The MetaTader 5 (MT5) White Label platform from Advanced Markets and Fortex allows beginning institutional brokers to enter the currency market. Thanks to this opportunity, they can easily find new customers and offer their services. Besides, institutional traders may create their own revenue streams and benefit from the experience of business development and consulting teams. Advanced Markets also offers its clients a fully customizable DMA trading platform that can be seamlessly accessed by both FIX API and GUI. The DMA hub allows traders to configure their own trading environment with a degree of granularity that is totally unique in today's markets. By using the DMA hub, you can take advantage of a reliable graphical interface, choose the appropriate default order type, and the optimal number of price updates per second. The Fortex 5 platform gives customers instant access to a user-friendly interface, real-time margining and position monitoring. Traders can also take advantage of the low-latency FIX API for pricing and trade execution. The company states, “All of these options come with credentials to access Advanced Markets’ back-end reporting, providing full transparency on all transactions, P&L and end-of-day roll pricing amongst other things." The Fortex 6 interface platform is a perfect alternative for traders who are ready to make a profit in the world of high performance and algorithmic trading. Fortex 6 supports trading script development using open, industry-standard programming language including JavaScript and C++. This means that traders are not tied to their own code with limited scalability and interoperability.

Support service

You can contact the support team via phone, email, and live chat. You can also file out a feedback form.

Traders’ reviews

Among the reviews left by traders, negative ones prevail. Most often, clients are outraged by server bugs, difficulties with withdrawing funds, and constant requotes. However, some traders praise the broker for bonuses for beginners, the opportunity to try their hand at a demo account and use an expert advisor.

Advantages:

• large array of trading platforms
• free demo account for novice traders
• broker licensed by a reliable financial regulator
• competitive spreads

Disadvantages:

• slow processing of requests by the support service
• requoting
• bugs in the trading platforms operation
• difficulty in fund withdrawal
• high minimum deposit