Advanced Markets Review
Are you a wholesale trader in desperate need of a secure trading environment to get the job done? Not every broker will be right for you, but there is one worth considering – Advanced Markets. But before opening an account with them, spare a couple of minutes to read this review.
Advanced Markets Essentials
Compliance with ASIC forces Advanced Markets to ensure the safety of their clients’ money. The trading entity obeys this rule and keeps their clients’ funds in segregated accounts in well-secured international banks including Bank of America, UBS, and Deutsche Bank.
The operator does not serve individual traders or investors but renders its services to large corporations, namely, banks, brokers, fund managers, and other players that can be regarded as institutional. For their client base, Advanced Markets brings direct market access (DMA) to trading with Forex currencies, commodities, and CFDs through the ECN model.
The company claims that among their partners and liquidity providers are:
- Bank of America
- UBS
- BARCLAYS
- J.P. Morgan
- Standard Chartered
- BNP Paribas
While the company’s profile impresses with its seriousness and an exclusive focus on large-scale clients, there is some abracadabra with their physical and registered addresses. Such as, physically, Advanced Markets is located in the USA (North Carolina State, Charlotte City) while the place of their registration is the Cayman Islands. For experienced traders, it may be a red flag signaling that it is better to avoid dealing with this organization. However, the company explains this fact that they just want to be able to offer a greater variety of products to their clients, and the Cayman Islands governance gives them such an opportunity.
Trading conditions
The proposed software includes robust terminals aimed to cater to the sophisticated requirements of wholesale traders and investors:
- DMA Hub is a fully customizable trading terminal loaded with lots of vital features such as real-time streaming quotes on all types of assets, low latency and instant order execution via API and GUI, full transaction history, and a wealth of other relevant functionality.
- Fortex 5 is a full-fledged real-time trading platform allowing clients to immediately access transparent, DMA liquidity through any device.
- Fortex 6 is state-of-the-art trading software coming with all imaginable functionality including an ability to develop own trading scripts through popular programming languages such as JavaScript and C++.
- MetaTrader4 is an industry-standard trading solution boasting advanced charting, powerful drawing tools, and an impressive list of indicators for making well-informed trading decisions.
Since Advanced Markets is oriented exclusively on large-scale clients, it is predictable that the operator accepts only bank wire transfers as a funding method. The operator also offers the single type of trading account, not to mention a free trial account allowing a customer to experiment with trading strategies without risking real money. To start trading with this broker, a client will need to pour, at least, $2500 into their real account.
As for the commission structure, the company sets a standard fee at $20.00 per USD Million.
Additional info
Operating peculiarities:
- Only institutional clients are accepted to trade with Advanced Markets.
- Compliance with the Australian Securities and Investments Commission means customers outside Australia will get no investor protections if Advanced Markets goes bankrupt.
- The company works on the ECN model, meaning it executes trade orders according to prices that they receive directly from their liquidity providers, omitting dealing desk.
