Pros
  • Wide range of trading assets
  • Availability of investment solutions
  • Trading accounts for traders with varied experience
  • Direct access to the inter-bank market (DMA technology)
Cons
  • Spreads are higher than brokers with similar trading conditions
  • The Advanced Markets office for retail traders is not licensed
  • No PAMM or MAM accounts

Reviewed broker: Advanced Markets

Established in 2006

Location: Cayman Islands 

Regulation: It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

Trading Conditions and Features

Currencies: 65+
Cryptocurrencies: 5+, including Bitcoin, Litecoin and Ethereum

CFD: 60+ including Gold, Silver, Stocks, Stock Indexes, Oil, and Other Commodities

Advanced Markets provides a maximum leverage of 1:100 for currencies, which is relatively standard for the industry.

According to research, Advanced Markets is a Forex broker which specializes in providing wholesale services to global institutional clients.

This includes the provision of leading brokerage solutions to banks, hedge funds, commodity trading advisors, corporations, and other institutional market participants.

Advanced Markets Trading Platforms

While Advanced Markets does not offer the highly popular MetaTrader platforms, the broker’s offering in this regard is excellent and consists of the advanced software of the UltiMT Platform and Fortex 6.

UltiMT Platform

This platform is an enterprise-grade product that accepts all types of MetaTrader orders using scalability and high performance, and as such is designed for fund managers and MT4 brokers.

This enterprise-grade product offers high availability, scalability, and high performance for fund managers and MT4 brokers.

Accepting all kinds of MetaTrader orders, this platform supports the use of Expert Advisors and allows comprehensive position management and order flow via a comprehensive back-office suite and streaming user interface.

The platform has been in use since 2009 and has undergone rigorous testing with top brokers across the UK, Europe, and Australia.

Fortex 6

Fortex 6 is Advanced Markets’ front-end proprietary platform and offers real-time market data, an Algo X engine, and low latency DMA liquidity. As such, the platform provides a high level of impressive performance in algorithmic trading within the financial markets.

This platform will be best suited to both algorithmic traders and fund managers, as it is also able to incorporate market-depth views into the operator’s DMA liquidity pool from ten top-level Forex banks.

Credit 

The combination of Advanced Markets’ institutional ownership and its Prime Broker relationship with UBS allows the firm to offer secure and sustainable credit structures far and above those offered by other wholesale brokers. We provide tailor-made solutions to diverse market participants, encompassing institutional credit (“4-way” Give-Up and Designation Notice), margin and prime brokerage arrangements.

Trading accounts reviews

You will need to complete an Advanced Markets Application along with a valid photo ID, current proof of address, a Wholesale Client Questionnaire and complete corporate articles if you are opening the accountant for a corporation. There may be additional documents required depending on your Wholesale Questionnaire qualification.

Though it seems simple enough, picking the right account is one of the most important aspects in deciding on the right broker, as the account type can have a direct impact on profit and loss.

Payment options

Advanced Markets requires a minimum deposit of $ 2 500 for first account openings, which is a ridiculous amount compared to other online brokers in the industry.

Available payment methods: wire transfer only! Unfortunately, Advanced Markets does not offer the more popular deposit and withdrawal methods which many other brokers do, and clients can only fund their account through the option of a bank wire transfer.

Funds are deposits to Barclays Bank, and available currencies include:

 USD

 EUR

 GBP

Customer Support

While Advanced Markets offers 24-hour customer support, this is only through a direct phone number or the more inefficient and outdated fax option.

Newbie traders will want to find a broker who offers enough research and training tools in order to acquire the necessary skills to make profitable trades. This broker unfortunately does not provide any educational materials.

How was the rating of Advanced Markets performed compared to other brokers? 

This 2024 Forex Broker Review  has been conducted though thorough research and assessment of rating and ranking among almost 300 international forex brokers. The final grade is given based on Advanced Markets FX broker performance and features. 

Overall our online Advanced Markets review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online Advanced Markets or you find inaccurate details Advanced Markets broker review please get in touch with us and the changes will be applied.  

Advanced Markets Details

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