Overview of Advanced Markets
Advanced Markets is a trading brokerage that operates within the financial markets. Registered in Seychelles, it offers a diverse array of market instruments, including Forex, Commodities, and Indices. Traders have the flexibility to choose from a range of account types, catering to different preferences and skill levels, with options such as an Islamic account for those adhering to specific trading principles.
One notable feature of Advanced Markets is its selection of trading platforms, including the widely recognized MetaTrader 4 and MetaTrader 5. These platforms are equipped with advanced tools, aiding traders in their technical and fundamental analysis. While Advanced Markets presents a promising range of market instruments and trading platforms, it's essential for potential traders to conduct thorough research and due diligence to ensure its offerings align with their trading goals and requirements.
Is Advanced Markets regulated？
There are concerns regarding the regulatory status of Advanced Markets. It is noted that Advanced Markets may be operating beyond the business scope regulated by the United Kingdom FCA under the given Investment Advisory license. This suggests that the broker might be engaging in activities that are not covered or authorized by the license. This could potentially expose investors to increased risks, as the broker's operations may not be subject to appropriate regulatory oversight for those activities.
There are also suspicions that the ASIC license claimed by Advanced Markets could be a clone or fraudulent license. A clone license typically refers to a situation where a broker falsely claims to be regulated by a legitimate regulatory authority, which can mislead investors into thinking that they are dealing with a regulated entity when they are not. This raises significant concerns about the authenticity and legitimacy of the broker's regulatory claims.
Pros and Cons
Advanced Markets offers a range of account types catering to various trading preferences and skill levels. The availability of an Islamic account option accommodates traders with specific needs. Competitive spreads and leverage options can enhance trading opportunities. The broker provides multi-channel customer support, including web chat and messaging platforms, ensuring accessible assistance. The MetaTrader 4 and 5 platforms offer advanced tools for trading.
One significant concern is the questionable regulatory status, as the broker's license appears to have been exceeded and is suspected of being a clone from ASIC. The absence of educational resources could hinder traders' learning and skill development. Additionally, the lack of clarity regarding trading fees and deposit/withdrawal methods may lead to uncertainty. As with any trading, inherent financial market risks apply, and traders should exercise caution.
Market Instruments
Advanced Markets offers a diverse range of market instruments across various financial asset classes, providing traders with innovative solutions and seamless access to global markets. Traders can engage in Forex trading with major, minor, and exotic currency pairs, benefiting from rapid execution and rich trading tools. The platform also facilitates CFD trading on world equity markets, enabling speculation on indices with spreads as low as 0.0 pips and no commissions, along with advanced risk management features.
Additionally, Advanced Markets offers opportunities to trade sought-after commodities and metals, providing flexibility in lot sizes and pricing for successful portfolio diversification. With competitive conditions, traders can capitalize on potential profit-making opportunities in the commodities and metals markets, including gold, silver, crude oil, copper, and petroleum, with both long and short positions available against various currencies.
Account Types
Advanced Markets offers three distinct account types, each tailored to cater to different trading preferences and levels of expertise:
The Advanced Plus Account is an excellent choice for traders looking for a flexible entry point. With a minimum deposit of $100, this account offers competitive spreads starting from 1.2 pips. Traders can benefit from high leverage of up to 1:500, enabling them to optimize their trading strategies. The absence of commissions, Islamic compatibility, and the ability to trade Forex, Commodities, and Indices make this account suitable for a wide range of traders.
The Advanced Prime Account is designed for traders seeking tighter spreads and increased leverage. With a minimum deposit of $5000, traders can access competitive spreads starting from 0.8 pips. The leverage of up to 1:200 offers ample trading power, while the option for Islamic trading ensures compliance with specific financial principles. This account is suitable for traders aiming to capitalize on Forex, Commodities, and Indices markets.
The Advanced Infinite Account is tailored for experienced and high-volume traders. With a minimum deposit of $20,000, this account offers the potential for tighter spreads starting from 0 pips. While a commission of $30 per million USD traded applies, traders can access substantial leverage of up to 1:100. The Advanced Infinite Account is suitable for those looking to capitalize on trading opportunities in Forex, Commodities, and Indices markets.
How to open an account in Advanced Markets？
Opening an account with Advanced Markets is a straightforward process that enables you to begin trading with confidence. Follow these steps to get started:
Begin by visiting the broker's official website and clicking on the “Start Trading” button. Provide your full name, email address, phone number, nationality, and country of residence, and create a secure password.
After registration, log in to your account and select a preferred payment method. Fund your account by depositing the desired amount.
Select from the available account types based on your trading preferences and goals.
Complete the necessary identity verification process by submitting the required documents as per regulatory guidelines.
Choose between the desktop or mobile trading platform, depending on your preferred method of trading.
Once your account is funded and verified, you can start trading various financial instruments, such as Forex, Commodities, and Indices, using the platform of your choice.
Spread and Commission Fees
Advanced Markets offers variable spreads across its different account types and instruments. The spread represents the difference between the bid and ask price and is a key factor in determining trading costs. While specific spreads may vary based on market conditions, account type, and trading instrument, Advanced Markets aims to provide competitive spreads to its traders. Traders can choose from a range of account options with varying spreads to suit their trading preferences, from the Advanced Plus Account with spreads starting from 1.2 pips to the Advanced Infinite Account with the potential for spreads from 0 pips.
The commission fee structure at Advanced Markets is designed to be transparent and straightforward. The Advanced Infinite Account, which is tailored for high-volume traders, charges a commission of $30 per million USD traded. This commission fee is applied on top of the spread. The absence of commission fees in the Advanced Plus and Advanced Prime accounts can be appealing to traders who prefer to trade without additional transaction costs.
Leverage
Advanced Markets offers a versatile range of leverage options across its account types, allowing traders to fine-tune their trading strategies based on risk preferences. The Advanced Plus Account presents high leverage of up to 1:500, enabling traders to control larger positions relative to their capital and potentially amplify profits. The Advanced Prime Account strikes a balance with leverage of up to 1:200, catering to traders who seek a blend of trading potential and risk management.
For experienced traders, the Advanced Infinite Account provides substantial leverage of up to 1:100, prioritizing risk control while still offering significant trading power. As leverage magnifies both gains and losses, traders are empowered to select the most suitable leverage level for their individual trading goals and risk tolerance, reflecting Advanced Markets' commitment to tailored and responsible trading conditions.
Trading Platform
Advanced Markets offers a comprehensive and technologically advanced trading platform, MetaTrader 5. MetaTrader 5, an award-winning platform, is renowned for its transparency, fast execution, and robust tools for both technical and fundamental analysis. With customizable trading systems, traders can tailor charts, trading orders, and execution modes to align seamlessly with their strategies. MT5 provides professional-grade technical analysis, empowering traders with accurate insights. It also offers fundamental analysis tools, granting access to in-depth financial news and a comprehensive economic calendar.
Additionally, traders can benefit from trading signals and copy trading, enhancing their strategies by monitoring and replicating trades in either a buy or sell direction. The platform offers ultra-low latency, ensuring speed, accuracy, and immediate order fills feature. It supports multi-asset trading from anywhere and at any time, allowing for maximum flexibility. Furthermore, the platform comes with complementary solutions, including real-time market analysis, live performance statistics, and charting packages.
Deposit & Withdrawal
Advanced Markets provides a range of convenient and secure payment methods to facilitate transactions for its clients. These options include traditional methods like Visa and Mastercard, which enable easy and widespread access to funding and withdrawals. Visa and Mastercard offer familiarity and global acceptance, making them suitable choices for clients seeking efficient and widely recognized payment solutions.
Additionally, Advanced Markets also supports payments through Bitcoin (BTC), a popular cryptocurrency known for its decentralized nature and potential for rapid, borderless transactions. By offering BTC as a payment method, Advanced Markets caters to clients who prefer the advantages of cryptocurrency, such as enhanced privacy and reduced reliance on traditional financial intermediaries.
Customer Support
Advanced Markets provides a robust and diverse customer support infrastructure, ensuring traders have a range of options to seek assistance. Traders can connect with the broker's support team through a web chat feature on the website, as well as through widely used messaging platforms like WhatsApp and Telegram, facilitating real-time and efficient communication for issue resolution. Additionally, the broker maintains an active presence on various social media platforms, including Instagram, Facebook, YouTube, and LinkedIn, providing traders with accessible points of contact for inquiries and support.
Educational Resources
Advanced Markets does not provide any education-related resources for traders at the moment. The absence of educational resources in a broker's offerings can significantly impact traders and their overall trading experience. Educational resources, such as tutorials, webinars, articles, and video lessons, play a vital role in providing traders with the knowledge and skills they need to navigate the complex world of financial markets.
Conclusion
Advanced Markets presents a range of trading opportunities accompanied by potential concerns. The broker offers diverse account types, catering to varying trader preferences and experience levels, including an Islamic account option. Competitive spreads and leverage options add to the appeal, providing opportunities to capitalize on the financial markets. Additionally, multi-channel customer support ensures accessible assistance through various platforms.
However, a notable concern arises from the broker's regulatory status, as it has allegedly exceeded its license scope and is suspected of having a clone license from ASIC. This uncertainty in its regulatory standing raises caution. As traders navigate Advanced Markets, they should consider the advantages of its offerings while remaining vigilant about the raised concerns regarding its regulatory legitimacy.
FAQs
Q: What is Advanced Markets' regulatory status？
A: Advanced Markets has licenses from the UK's Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC), but it has exceeded the FCA license and is given the suspected clone license from ASIC.
Q: What market instruments can I trade with Advanced Markets？
A: You can trade a variety of instruments, including Forex, Commodities, and Indices, allowing for diverse trading opportunities and portfolio diversification.
Q: How is customer support available？
A: Customer support is accessible through multiple channels, such as web chat, WhatsApp, Telegram, and various social media platforms, providing convenient options for assistance.
Q: What trading platform does Advanced Markets offer？
A: Advanced Markets offers MetaTrader 5 platform to conduct trading activities.
Q: Does Advanced Markets offer an Islamic account？
A: Yes, Advanced Markets offers an Islamic account option, catering to traders who prefer trading in accordance with Sharia principles.
Q: What leverage and spread options are available？
A: Advanced Markets provides competitive leverage options, ranging from up to 1:100 to 1:500, and offers variable spreads depending on account types and trading instruments.
2024-07-04 18:34
2024-06-27 18:10
