Advanced Markets

Overview:

Advanced Markets is a Forex broker with limited deposit options and a high minimum deposit requirement. They are licensed by ASIC but have concerns about regulation in other jurisdictions. The lack of educational resources and limited customer support are also drawbacks. Traders have reported execution issues, and their ownership structure raises transparency questions. Caution is advised when considering Advanced Markets as a trading partner.

Aspect	Information
Registered Country/Area	United Kingdom
Founded Year	2006
Company Name	Advanced Markets Ltd.
Regulation	Licensed by ASIC
Minimum Deposit	$250
Maximum Leverage	1:100
Spreads	From 0.5 pips
Trading Platforms	MetaTrader 4, Fortex 5 Desktop, Fortex 6 Web, Currenex Classic
Tradable Assets	Currencies: 65+
	Cryptocurrencies: 5+ (Bitcoin, Litecoin, Ethereum)
	CFDs: 60+ including Gold, Silver, Stocks, Stock Indexes, Oil, and Other Commodities
Account Types	PoP Account (Prime of Prime)
	DMA Account (Direct Market Access)
	STP Account (Straight Through Processing)
Demo Account	Available
Islamic Account	Not Available
Customer Support	24/7 Phone Support, Live Chat (through website)
Payment Methods	Wire Transfer
Educational Tools	Not provided

Regulation:

Suspicious Clone.

Advanced Markets presents itself as a reputable Forex broker, but upon closer examination, there are concerns that it might be a suspicious clone. The lack of clear ownership and detailed regulatory information raises red flags about its legitimacy. Traders should exercise extreme caution before engaging with this broker, as it may not offer the level of trust and security one would expect from a legitimate financial institution. Extensive research and verification are essential before considering Advanced Markets as a trading platform.

Market Instruments:

Based on the information provided, Advanced Markets offers a diverse range of market instruments to cater to the trading preferences of its clients.

Forex: Traders can participate in the highly liquid and fast-paced foreign exchange market, where they can trade the world's highest-traded Forex pairs, including major, minor, and exotic currency pairs. With the ability to trade 24 hours a day, 5 days a week, traders have the flexibility to take advantage of global currency fluctuations. The broker provides a wide selection of currency pairs, such as EUR/USD, CAD/JPY, and CHF/SGD, allowing traders to diversify their forex portfolios.

Indices: Advanced Markets offers CFD trading on the world's largest equity markets, providing traders with endless opportunities to speculate and sharpen their trading strategies. With spreads from 0.0 pips and zero commissions, traders can access equity markets 24/5. The broker also integrates state-of-the-art risk management features, enhancing the trading experience and helping traders manage their exposure effectively.

Commodities: Traders can access the global commodities market, including energies, agricultural products, and metals. The broker allows traders to choose to conduct trades in USD or take advantage of Futures CFD contracts. With ultra-tight pricing and lot size flexibility, traders can create a well-diversified portfolio of commodities, potentially increasing their chances of success in this volatile market.

Metals: Advanced Markets provides highly competitive trading conditions for precious metals, including gold, silver, crude oil, copper, and petroleum. With ultra-tight spreads and lightning-fast execution, traders can quickly capitalize on potential profit-making opportunities in the metals market. The ability to enter positions for spot gold and silver against USD and other popular currencies further enhances the trading options for metal enthusiasts.

Here is a detailed table showcasing the market instruments provided by Advanced Markets:

Instrument	Number of Available Assets
Forex	High-traded Forex pairs, including majors, minors, and exotics
Indices	CFD trading on the world's largest equity markets
Commodities	Global commodities, including energies, agricultural products, and metals
Metals	Precious metals, such as gold, silver, crude oil, copper, and petroleum

Traders can benefit from the extensive range of market instruments offered by Advanced Markets, providing them with diverse trading opportunities and the ability to create well-rounded and profitable portfolios.

Account Types:

Advanced Markets offers three tiered trading account types to cater to different types of traders:

1. PoP Account: The PoP account is designed for professional and institutional traders who demand the highest level of execution and technology. This account type offers access to advanced market-leading tools and liquidity solutions. With direct market access (DMA) liquidity, credit, and technology solutions, the PoP account provides institutional-grade liquidity and a comprehensive back-office suite. Traders using this account can enjoy fast and seamless order flow with the option to use Expert Advisors and manage positions effectively. The PoP account is best suited for experienced traders looking for top-tier features and access to interbank liquidity.

2. DMA Account: The DMA account is tailored for retail traders who seek institutional-level liquidity with a more “retail” type execution. This account type also offers DMA liquidity, providing traders with access to multi-asset class liquidity on tight spreads. While not as advanced as the PoP account, the DMA account still provides excellent execution and trading tools. Retail traders can benefit from tight bid/ask spreads and access to a wide range of tradable assets, including currencies, cryptocurrencies, and CFDs. This account is suitable for traders who want access to high-quality liquidity without the complexity of institutional-grade solutions.

3. STP Account: The STP account is another option for retail traders who prefer a more straightforward trading approach. While it may not offer the same level of liquidity as the DMA or PoP accounts, the STP account still provides reliable order execution and competitive spreads. This account is ideal for traders who are starting their forex journey and want to experience trading with a trusted broker. With a range of available assets and user-friendly trading platforms, the STP account offers a suitable entry point for those new to forex trading.

Account Type	User Type	Drawbacks	Assets	Liquidity	Trading Tools
PoP Account	Professional and institutional traders	Too complicated and possibly overpriced for the services; Features might overwhelm non-institutional traders; Requires a high understanding of the market and tools; Potential risks with Expert Advisors	Possibly too diverse, leading to complex decision making	Interbank liquidity could expose to higher risk	Too advanced for many traders
DMA Account	Retail traders seeking institutional-level liquidity	Might provide less favorable executions than institutional accounts; Still complex for many retail traders; Tight bid/ask spreads could still result in significant costs	Exposure to volatile assets like cryptocurrencies and CFDs	High-quality but still subpar compared to interbank liquidity	Might not be sufficient for more advanced strategies
STP Account	Retail traders, beginners	Overly simplified and might not offer the best opportunities; Less competitive spreads; Potential slippage and slower execution	Limited range of assets	Not at the same level as DMA or PoP, may impact execution speed and prices	Too basic, might not provide the necessary tools for profitable trading

Leverage:

Advanced Markets offers a maximum trading leverage of up to 1:100. Leverage is a powerful tool in forex trading that allows traders to control a larger position with a smaller amount of capital. With a 1:100 leverage, traders can control positions that are 100 times the size of their account balance.

While leverage can amplify potential profits, it also increases the level of risk. Higher leverage means that a small price movement can result in significant gains or losses. Therefore, traders need to exercise caution and implement proper risk management strategies when using leverage in their trades.

The 1:100 leverage offered by Advanced Markets is relatively standard in the forex industry. Traders can use this level of leverage to access larger market positions and potentially capitalize on market opportunities. However, it is essential for traders to fully understand the risks involved and trade responsibly to protect their capital.

Spreads & Commissions:

Advanced Markets boasts about its flexible fee structure, claiming to offer spreads as low as 0.5 pips. However, traders must approach this with skepticism, as the actual costs can vary drastically based on the type of trading account selected.

Prime of Prime (PoP) Account:

• Allegedly catering to professional and institutional traders, but it might not live up to the hype.

• Claims of direct access to deep institutional-grade liquidity and tight spreads, but can you really trust such assurances？

• Beware of the potential downside of higher commission fees, conveniently glossed over in their marketing.

• They might lure you in with promises of competitive pricing, but don't expect full transparency about the true costs involved.

DMA Account:

• Supposedly offering direct market access to liquidity providers with transparent pricing and low-latency execution.

• While they talk about tight spreads akin to the PoP account, be prepared for undisclosed commission fees to catch you off guard.

• The perceived cost-effectiveness might just be a bait to hide hidden charges that could blow a hole in your trading budget.

STP Account:

• Marketed as the go-to option for retail traders seeking competitive conditions, but don't be too quick to trust their claims.

• Sure, they mention tight spreads and lower commission fees, but what else are they hiding behind the scenes？

• Beware of undisclosed costs that could silently gnaw away at your potential profits, leaving you regretting your choice.

Traders need to exercise utmost caution and meticulously scrutinize every detail to avoid falling victim to the tricks and traps that Advanced Markets might have up its sleeve. Their enticing offer of 0.5 pips spreads could be a façade concealing a web of hidden charges that they conveniently choose not to disclose.

Deposit & Withdrawal Options at Advanced Markets:

1. Limited Options: Unfortunately, Advanced Markets falls short in offering the variety of deposit and withdrawal methods that many other brokers provide. Clients are restricted to using bank wire transfer as the sole option to fund their accounts and make withdrawals. This limitation may inconvenience traders who prefer faster and more diverse payment methods.

2. Bank Wire Transfer: To make a deposit, clients must provide their valid checking or savings account number and the routing number for their bank. While bank wire transfers are considered secure, the process can be time-consuming and may incur additional fees, especially for international clients.

3. Security Measures: Advanced Markets claims to prioritize the security of clients' funds. They utilize a multilevel server system equipped with advanced encryption software to protect transactions and financial data from potential threats.

4. Currency Options: Deposits are made to Barclays Bank, and clients have the option to fund their accounts in major currencies, including USD, EUR, and GBP. This variety can be advantageous for traders from different regions.

5. High Minimum Deposit: One notable drawback is the high minimum deposit requirement. Advanced Markets requires a minimum deposit of $2,500 for first account openings, which might deter retail traders who prefer to start with a smaller initial investment.

Conclusion:

While Advanced Markets ensures some level of security for clients' funds and offers multiple currency options, the lack of deposit and withdrawal alternatives, coupled with the high minimum deposit requirement, could deter potential clients seeking more convenient and accessible options. Traders should carefully consider these factors before deciding to open an account with this broker.

Trading Platforms:

Advanced Markets offers the MetaTrader 5 (MT5) trading platform, a widely used platform in the financial industry. MT5 is known for its transparency and trading functionality, providing traders with features to enhance their trading experience.

One of the strengths of MT5 is its customizable trading system, allowing traders to tweak charts, trading orders, and execution modes to suit their strategies. This flexibility empowers traders to optimize their trading approach and adapt to market conditions.

MT5 provides technical analysis tools, enabling traders to make decisions based on market insights. Traders can access financial news from news agencies and utilize an economic calendar for a deeper understanding of market events.

For those looking to enhance their strategies, MT5 offers trading signals and copy trading functionality. Traders can monitor and copy trades made by traders, aligning their strategies with peers.

The platform boasts ultra-low latency, ensuring speedy and accurate order fills, crucial for executing trades. This feature allows traders to execute their trading plans with precision.

Furthermore, Advanced Markets provides a 24-hour, multi-lingual, and experienced support team to assist traders with inquiries or issues during their trading journey.

To complement the trading platforms, Advanced Markets offers extras such as real-time market analysis, live performance statistics, and charting packages, providing traders with valuable insights and data for their trading decisions.

Getting started with Advanced Markets is a straightforward process. Traders need to submit the required information, go through the account approval process, and deposit funds to start trading.

In summary, Advanced Markets provides traders with the MetaTrader 5 platform, offering a range of features and tools to support their trading strategies. While no platform is without its imperfections, MT5 remains a choice for many traders due to its functionality and accessibility.

Customer Support:

At Advanced Markets, the company emphasizes the importance of building relationships with its clients. The team of consultants at Advanced Markets is available to engage in discussions with customers, understanding their challenges, aspirations, and specific needs. They work to create and deliver solutions that align with the clients' requirements.

Clients can get in touch with the Advanced Markets team by dropping a message or making a call at +1-704-544-9446. The team is eager to initiate conversations and learn more about the clients' trading goals. The experts at Advanced Markets provide guidance and support to ensure that clients receive the necessary assistance.

For those who prefer email communication, they can contact the company at email@email.com. The Advanced Markets team responds to inquiries and addresses concerns.

The company is committed to maintaining the privacy of its clients and assures that all personal information is handled in accordance with the Privacy Policy.

To facilitate communication, clients are encouraged to provide their first and last names, email addresses, and contact numbers. Additionally, sharing the company name and country of residence helps the team understand the clients' business context better.

Advanced Markets offers a range of solutions and services to cater to the needs of various businesses and traders. Whether clients are experienced professionals or newcomers to the financial markets, the team is equipped to provide support and assistance.

Clients can express their interest in receiving more information about Advanced Markets, and the team is willing to provide the necessary details.

The company's commitment to customer support is unwavering. The team of consultants at Advanced Markets is dedicated to ensuring clients' satisfaction and success, and they look forward to connecting with clients to address their requirements.

Summary:

Advanced Markets is a Forex broker that presents both advantages and disadvantages for potential clients:

Pros:

1. Diverse Market Instruments: The broker offers a wide range of market instruments, including Forex, indices, commodities, and metals, providing traders with various trading opportunities across different asset classes.

2. MetaTrader 5 Platform: Advanced Markets provides the popular MetaTrader 5 platform, known for its transparency and advanced trading functionality. Traders can customize charts, trading orders, and execution modes to suit their strategies and access technical and fundamental analysis tools.

3. 24-Hour Customer Support: The company emphasizes building strong relationships with clients and provides a dedicated team of consultants available 24/7 to assist traders with inquiries and support throughout their trading journey.

Cons:

1. Limited Deposit & Withdrawal Options: Advanced Markets only offers bank wire transfer as the option for funding accounts and making withdrawals, limiting convenience for traders who prefer more diverse payment methods.

2. High Minimum Deposit Requirement: The broker requires a minimum deposit of $2,500 for first account openings, which may discourage retail traders seeking a lower initial investment.

3. Regulatory Concerns: The lack of clear ownership and detailed regulatory information raises concerns about the broker's legitimacy and transparency. Traders should exercise caution and conduct thorough research before engaging with this broker.

4. Mixed Customer Support Experience: Some traders have reported issues with response times and the efficiency of communication channels, making it challenging to connect with knowledgeable consultants promptly.

In conclusion, Advanced Markets offers a variety of market instruments and a feature-rich trading platform, but its limited deposit options, high minimum deposit requirement, regulatory concerns, and mixed customer support experience should be carefully considered by traders before making a decision. Extensive research and verification are essential to ensure a safe and satisfactory trading experience.

FAQs:

Q1: What market instruments does Advanced Markets offer？

A1: Advanced Markets provides a diverse range of market instruments, including Forex, indices, commodities, and metals, catering to various trading preferences.

Q2: What is the minimum deposit requirement to open an account with Advanced Markets？

A2: The broker requires a minimum deposit of $2,500 for first account openings, which is relatively high compared to industry standards.

Q3: Does Advanced Markets offer multiple deposit and withdrawal options？

A3: Unfortunately, Advanced Markets only offers bank wire transfer as the deposit and withdrawal method, limiting convenience for traders who prefer more diverse payment options.

Q4: Is the MetaTrader 5 platform available for trading at Advanced Markets？

A4: Yes, Advanced Markets offers the MetaTrader 5 (MT5) platform, known for its transparency and advanced trading functionality, providing traders with numerous features and tools.

Q5: How can I contact Advanced Markets' customer support team？

A5: You can get in touch with the customer support team by dropping a message or making a call at +1-704-544-9446. They are available 24/7 to assist with inquiries and provide support.