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Check out the Best Forex brokers of United States
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6.29/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Minimum deposit:
  • $100
Trading platform:
  • MetaTrader5
Regulation:
  • FCA
  • ASIC
Foundation date:
  • 2019

Our Evaluation of Advanced Markets

6.29/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Traders Union icon

Advanced Markets is a moderate-risk broker with the TU Overall Score of 6.29 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Advanced Markets clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.

Advanced Markets is a broker for both institutional clients and retail traders that aims at trading currencies and various types of CFDs.

Brief Look at Advanced Markets

Advanced Markets was incorporated in 2006. It uses DMA (Direct Market Access) technology to provide direct access to the inter-market market without the participation of dealers. Traders can trade Forex, cryptocurrencies, and CFDs on metals, commodities, and stock indices. Various account types on MetaTrader 5, including Islamic, are available. Advanced Markets offers its own copy trading platform where novice traders can earn passive income by copying the trades of professionals.

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Advantages of trading with Advanced Markets:
  • Long existence on the market;
  • Access to margin trading;
  • 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);
  • 8-level partnership program.
Disadvantages of Advanced Markets:
  • Spreads are higher than those of well-known international brokers;
  • The Advanced Markets office for retail traders is not licensed;
  • Clients cannot invest in PAMM or MAM accounts.

TU Expert Advice

Anastasiia Chabaniuk

Author, Financial Expert at Traders Union

Advanced Markets provides a spectrum of services for trading Forex, cryptocurrencies, and CFDs on indices, metals, and commodities. Utilizing DMA technology, it offers various account types, including Islamic accounts, with MetaTrader 5. Traders benefit from a $100 minimum deposit, leverage up to 1:500, and no deposit or withdrawal fees. The broker also features a copy trading platform, allowing beginners to follow experienced traders’ strategies.

However, Advanced Markets' trading conditions include some drawbacks, such as higher spreads compared to international brokers and the lack of PAMM or MAM accounts for passive investments. While retail clients use an unlicensed branch, institutional clients are covered by FCA and ASIC regulations. Overall, Advanced Markets may suit traders who prioritize DMA and leverage but may not appeal to those focused on licensing and broader investment options.

Advanced Markets Trading Conditions

💻 Trading platform: MetaTrader 5 (desktop, Android app, and iOS app)
📊 Accounts: Demo МТ5, Advanced Plus, Advanced Prime, and Advanced Infinite
💰 Account currency: USD
💵 Deposit / Withdrawal: Bank transfers (Swift), e-wallets, bank cards, and cryptocurrencies
🚀 Minimum deposit: $100
⚖️ Leverage: Up to 1:500
💼 PAMM-accounts: No
📈️ Min Order: 0.01
💱 EUR/USD spread: 0,1 pips
🔧 Instruments: Forex, indices, commodities, metals, and cryptocurrencies
💹 Margin Call / Stop Out: Advanced Plus: 100%/0%
Advanced Prime: 100%/20%
Advanced Infinite: 100%/30%
🏛 Liquidity provider: Liquidity Finder
📱 Mobile trading: Yes
➕ Affiliate program: Yes
📋 Order execution: Market execution
⭐ Trading features: DMA
🎁 Contests and bonuses: No

Advanced Markets provides more than 80 financial instruments, including currencies (fiat and digital), CFDs Trading on indices, metals, and commodities. To have access to the above, a minimum deposit of $100 is necessary. The account currency is USD only. Deposits in other currencies are converted according to rates of Advanced Markets’ liquidity providers. Clients who deposit less than $20,000 and select an account with no fee per lot can request an Islamic account, where no swap fees are charged.

Advanced Markets Key Parameters Evaluation

User Satisfaction i

Score:
5.1/10

Share your experience

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mamafeef
18 weeks ago

A long presence on the market always inspires confidence, and in this respect Advanced Markets, founded in 2019, has already succeeded in establishing itself as a reliable and stable broker. For me, not only the feature set is important, but also the company's reputation, and several years of stable work without scandals is already an indicator. Yes, the spreads may be a little higher than those of some major international brokers, but I personally think that reliability and transparency are worth it. It's better to pay a little more, but be sure your funds are safe and all obligations are met. In addition, transactions run smoothly, which is more important to me than minimal savings on commissions.

Une longue présence sur le marché inspire toujours la confiance, et à cet égard, Advanced Markets, fondé en 2019, a déjà réussi à s'imposer comme un courtier fiable et stable. Pour moi, non seulement l'ensemble des fonctionnalités est important, mais aussi la réputation de l'entreprise, et plusieurs années de travail stable sans scandales sont déjà un indicateur.
Oui, les spreads sont peut-être un peu plus élevés que ceux de certains grands courtiers internationaux, mais je pense personnellement que la fiabilité et la transparence en valent la peine. Il est préférable de payer un peu plus, mais soyez sûr que vos fonds sont en sécurité et que toutes les obligations sont remplies. En outre, les transactions se déroulent sans heurts, ce qui est plus important pour moi que des économies minimes sur les commissions.

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arfan123
19 weeks ago

To be honest, I'm surprised that Advanced Markets, a branch of Advanced Markets focused on retail traders, continues to operate without a license. These days, that's already seen as a red flag, especially when it comes to money and customer trust. It's strange that the company has survived so long in this form - after all, the retail market demands more transparency and regulation. The only thing that can really interest you here is access to margin trading. This can be a very useful tool for experienced traders who manage risk well. But even if this possibility exists, the absence of a license gives the feeling that risks may be higher than desired. In the absence of regulation, it's hard to trust even with attractive trading conditions.

Pour être honnête, je suis surpris qu'Advanced Markets, une branche d'Advanced Markets axée sur les traders particuliers, continue d'opérer sans licence. De nos jours, cela est déjà perçu comme un signal d'alarme, surtout lorsqu'il s'agit d'argent et de confiance des clients. Il est étrange que la société ait survécu aussi longtemps sous cette forme - après tout, le marché de détail exige plus de transparence et de réglementation.
La seule chose qui peut vraiment vous intéresser ici est l'accès au trading sur marge. Cet outil peut s'avérer très utile pour les traders expérimentés qui gèrent bien les risques. Mais même si cette possibilité existe, l'absence de licence donne le sentiment que les risques peuvent être plus élevés que souhaité. En l'absence de réglementation, il est difficile de faire confiance, même avec des conditions de négociation attrayantes.

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dev1975
23 weeks ago

Advanced Markets offers a wide range of trading assets, which is great. You can go in different directions, from currency pairs to commodities, stocks and indices. This gives you flexibility in choosing a strategy and allows you to diversify your trading without being limited to one or two instruments. One nuance, however: PAMM and MAM accounts are not accessible to clients, which limits passive investment possibilities. For those who prefer independent trading, this is not critical, but if you rely on professional capital management, there are no such options here. Otherwise, the broker offers good features for active market work.

Le courtier Advanced Markets propose un large éventail d'actifs de trading, ce qui est très appréciable. Vous pouvez vous lancer dans différentes directions, des paires de devises aux matières premières, en passant par les actions et les indices. Cela vous donne de la flexibilité dans le choix d'une stratégie et vous permet de diversifier votre trading sans être limité à un ou deux instruments.
Une nuance toutefois : les comptes PAMM et MAM ne sont pas accessibles aux clients, ce qui limite les possibilités d'investissement passif. Pour ceux qui préfèrent le trading indépendant, ce n'est pas critique, mais si vous comptez sur la gestion du capital par des professionnels, il n'y a pas de telles options ici. Sinon, le courtier offre de bonnes fonctionnalités pour un travail actif sur le marché.

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kalvani
1 year ago

I was pleasantly impressed by the execution speed at Advanced Markets. Although I haven’t been trading with them for long, I have already noted this point. I trade both on a calm market and news. I didn't see any difference in performance. The speed is almost the same. I will trade further to give an objective assessment of this company, but so far everything is good.

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ferewodajef12
1 year ago

At first, I had a good impression of Advanced Markets. Support was friendly and polite. However, when I started trading, I discovered a few drawbacks. Quotes often diverged, especially when I had a small plus. Wide spreads were also noticeable, sometimes reaching 20 pips without any news. Moreover, the Advanced Markets platform began to freeze. In this regard, I am thinking about closing my account and I doubt if I could earn anything on this platform.

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tarehotazel09
2 years ago

Advanced Markets advertising works well, but only their clients know who they really are...Unfortunately, so am I. Lost $3,000 in Advanced Markets. It seems that they hypnotize their clients, and they agree to everything. Otherwise, I can not explain why I believed them.

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KeldronBon
2 years ago

Advanced Markets drained my trading account. The broker is a total lie. Quotes are drawn. No one will let you trade for profit here, and don't expect it. I do not recommend this company. They are scammers.

Score:
6.02/10

Trading Account Opening

A user account on the Advanced Markets website allows for managing accounts and funds, downloading software for executing trades, etc. To create it, do the following:

1

Click the “Start Trading” button on the Advanced Markets official website.

Review of Advanced Markets’ User Account — Registration
Review of Advanced Markets’ User Account — Registration
Review of Advanced Markets’ User Account — Registration
Review of Advanced Markets’ User Account — Registration
2

Fill out the form for creating a user account, indicating your first and last names, phone number, email, and country. A mandatory step is an automatic or manual generation of a reliable password. After that, the company will send a pin code by email, enter it in the form. To access your user account, specify your email address and password.

3

Features of the Advanced Markets’ user account:

1. Identity verification:
Review of Advanced Markets’ User Account — Client identification
Review of Advanced Markets’ User Account — Client identification
2. Opening a trading account:
Review of Advanced Markets’ User Account — Opening a trading account
Review of Advanced Markets’ User Account — Opening a trading account
1. Identity verification:
Review of Advanced Markets’ User Account — Client identification
Review of Advanced Markets’ User Account — Client identification
2. Opening a trading account:
Review of Advanced Markets’ User Account — Opening a trading account
Review of Advanced Markets’ User Account — Opening a trading account

Additional features of the user account:

  • Buttons for opening demo accounts;

  • Statistics on active trading accounts;

  • Deposits, withdrawals, and internal transfers of funds;

  • Auxiliary tools for traders such as an economic calendar, trading calculator, and news feed;

  • Copy trading platforms;

  • Tab for partners;

  • Menu to change account settings and enable two-factor authentication.

Score:
We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria
9/10

Regulation and safety

Advanced Markets has a safety score of 9/10, which corresponds to a High security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.

Advantages
  • Tier-1 regulated
  • Negative balance protection
  • Regulated in the UK
Disadvantages
  • Track record of less than 8 years

Advanced Markets Regulators and Investor Protection

Abbreviation Full Name Country of regulation Investor Protection Fund Regulation Level
FCA UK FCA UK Financial Conduct Authority United Kingdom Up to £85,000 Tier-1
ASIC ASIC Australian Securities and Investments Commission Australia No specific fund but has stringent consumer protection Tier-1

Advanced Markets Security Factors

Foundation date 2019
Negative balance protection Yes
Verification (KYC) Yes
Score:
We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria
10/10

Commissions and fees

The trading and non-trading commissions of broker Advanced Markets have been analyzed and rated as Low with a fees score of 10/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.

Advantages
  • Low Forex trading fees
  • Tight EUR/USD market spread
  • No inactivity fee
  • No deposit fee
  • No withdrawal fee
Disadvantages
  • Complex fee structure

Trading Fees and Spread

Below, we evaluated and compared the trading commissions of Advanced Markets with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.

Standard Account Spread

For Standard accounts, Advanced Markets’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.

Advanced Markets Standard spreads

Advanced Markets Pepperstone OANDA
EUR/USD min, pips 0,1 0,5 0,1
EUR/USD max, pips 0,3 1,5 0,5
GPB/USD min, pips 0,2 0,4 0,1
GPB/USD max, pips 0,5 1,4 0,5

RAW/ECN Account Commission And Spread

The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.

Advanced Markets RAW/ECN spreads

Advanced Markets Pepperstone OANDA
Commission ($ per lot) 2 3 3,5
EUR/USD avg spread 0,1 0,1 0,15
GBP/USD avg spread 0,1 0,15 0,2

Non-Trading Fees

We conducted a detailed analysis of the non-trading fees associated with Advanced Markets. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.

Advanced Markets Non-Trading Fees

Advanced Markets Pepperstone OANDA
Deposit fee, % 0 0 0
Withdrawal fee, % 0 0 0
Withdrawal fee, USD 0 0 0-15
Inactivity fee ($, per month) 0 0 0
Score:
4.95/10

Account types

Real money can only be received from trades executed on trading accounts. Advanced Markets offers 3 types. On all accounts, the minimum order is 0.01 lots. Account types differ in the deposit amount, available leverage, fees, and swap-free trading options.

Account types:

Account Type
Description
Advanced Plus
The minimum deposit is $100 and the maximum leverage is 1:500. Islamic accounts are available;
Advanced Prime
Leverage is up to 1:200. The deposit is $5,000. Swap-free accounts are available;
Advanced Infinite
This is an account for professional trading that requires funding starting from $20,000. The maximum leverage is 1:100. The swap-free option is not available.

Advanced Markets also offers demo accounts. They can be opened in mobile or desktop versions of MT5, do not require deposits, and allow choosing the size of the virtual deposit and leverage. Account conditions are adapted to different trading strategies and styles so that novice traders and professionals can choose the most suitable option for themselves.

Score:
This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology
3.95/10

Deposit and withdrawal

Advanced Markets received a Low score for the efficiency and convenience of its deposit and withdrawal processes.

Advanced Markets offers limited payment options and accessibility, which may impact its competitiveness.

Advantages
  • BTC available as a base account currency
  • Minimum deposit below industry average
  • No deposit fee
  • No withdrawal fee
Disadvantages
  • PayPal not supported
  • No bank wire option
  • Limited deposit and withdrawal flexibility, leading to higher costs

What are Advanced Markets deposit and withdrawal options?

Advanced Markets offers a limited selection of deposit and withdrawal methods, including Bank Card, BTC. This limitation may restrict flexibility for users, making Advanced Markets less competitive for those seeking diverse payment options.

Advanced Markets Deposit and Withdrawal Methods vs Competitors

Advanced Markets Plus500 Pepperstone
Bank Wire No Yes Yes
Bank card Yes Yes Yes
PayPal No Yes Yes
Wise No No No
BTC Yes No No

What are Advanced Markets base account currencies?

A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. Advanced Markets supports the following base account currencies:

What are Advanced Markets's minimum deposit and withdrawal amounts?

The minimum deposit on Advanced Markets is $100, while the minimum withdrawal amount is $0. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact Advanced Markets’s support team.

Score:
The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change.
6.75/10

Markets and tradable assets

Advanced Markets offers a limited selection of trading assets compared to the market average. The platform supports 125 assets in total, including 80 Forex pairs.

Advantages
  • 80 supported currency pairs
  • Crypto trading
  • Indices trading
Disadvantages
  • Futures not available
  • Limited asset selection

Supported markets vs top competitors

We have compared the range of assets and markets supported by Advanced Markets with its competitors, making it easier for you to find the perfect fit.

Advanced Markets Plus500 Pepperstone
Currency pairs 80 60 90
Total tradable assets 125 2800 1200
Stocks Yes Yes Yes
Commodity futures Yes Yes Yes
Crypto Yes Yes Yes
Stock indices Yes Yes Yes
Options No Yes No

Investment options

We also explored the trading assets and products Advanced Markets offers for beginner traders and investors who prefer not to engage in active trading.

Advanced Markets Plus500 Pepperstone
Bonds No No No
ETFs No Yes Yes
Copy trading Yes No Yes
PAMM investing No No Yes
Managed accounts No No No
Score:
8.15/10

Customer support

Information

Support is available on weekdays when the market is open. On Saturdays and Sundays, there is no real-time contact with a live chat operator, but you can send an email and receive a response during the broker’s business hours.

Advantages

  • 24-hour support on weekdays
  • No delays when using live chat

Disadvantages

  • Support works 5 days a week
  • You must specify your email and phone number each time you use live chat

You can contact the brokerage company by:

  • live chat;

  • WhatsApp;

  • Telegram;

  • email.

Institutional clients can use phone support during trading sessions.

Contacts

Foundation date 2019
Registration address Advanced Markets (Bermuda) Ltd, Clarendon House, 2 Church Street, Hamilton HM 11, Bermuda
Regulation FCA, ASIC
Official site https://advancedmarkets.com/
Contacts
+1-704-544-9446
Score:
3.18/10

Education

Information

Although Advanced Markets works with retail traders, it does not provide education in Forex and CFD trading. Neither articles nor videos for Forex novice traders are available on the broker’s website.

Information available with Advanced Markets
Information not available on the Advanced Markets website
Brief information on currency pairs, indices, metals, commodities, and cryptocurrencies
Extended Forex vocabulary
How to start trading with Advanced Markets
Reviews of different analysis types
Description of trading styles and strategies
Risk management when trading assets and ways of using it
Guides on working with MetaTrader 5

Traders can study theory on third-party resources, and then open a free demo account with Advanced Markets to put their knowledge into practice. Trading with virtual money allows traders not to lose their own funds.

Comparison of Advanced Markets with other Brokers

Advanced Markets Eightcap XM Group RoboForex 4XC
Trading
platform
MetaTrader5 MT4, MT5, TradingView MT4, MT5, MobileTrading, XM App MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader MT5, MT4, WebTrader
Min deposit $100 $100 $5 $10 $50
Leverage From 1:1
to 1:500
From 1:30
to 1:500
From 1:1
to 1:30
From 1:1
to 1:2000
From 1:1
to 1:500
Trust management No No No No Yes
Accrual of % on the balance No No No 10.00% No
Spread From 0 points From 0 points From 0.8 points From 0 points From 0 points
Level of margin call
/ stop out
100%  /  No 80%  /  50% 100%  /  50% 60%  /  40% 100%  /  50%
Order Execution Market Execution Market Execution Market Execution Market Execution, Instant Execution Market Execution
No deposit bonus No No No No $50
Cent accounts No No No Yes No

Detailed review of Advanced Markets

Advanced Markets is a wholesale provider of liquidity from the largest international banks. Its services are available to retail traders and experienced market participants worldwide. The company offers such account types for trading on MT5 as demos, classic, Islamic, and accounts with near-zero spreads for professional trading. Moreover, Advanced Markets provides its services to institutional clients offering them the FIX API [Financial Information Exchange (FIX) API] messaging protocol, advanced analytics, and liquidity from over 100 banks and large investment funds.

Advanced Markets by the numbers:

  • More than 17 years of providing brokerage services;

  • 3 representative offices in different parts of the world;

  • 3 account types for retail traders;

  • Leverage for currency pairs is up to 1:500.

Advanced Markets is a broker for retail and professional trading

Advanced Markets’ retail clients can trade with leverage up to 1:500, however, the maximum allowable value depends not only on the financial instrument but also on the account type. For example, major currency pairs with trading leverage up to 1:500 on the Advanced Plus account, up to 1:200 on the Advanced Prime account, and up to 1:100 on the Advanced Infinite account. Cryptocurrencies are traded with leverage up to 1:20, which is the same for all account types. Available assets are also the same for all account types. Professional clients work with representative offices registered in the UK and Australia. Financial regulators of these countries prohibit leverage over 1:30.

The Advanced Markets website states that the company offers a choice of MetaTrader 4 and MetaTrader 5, however, currently only MT5 is available. This trading platform cannot be used without installation like WebTrader. To trade, you need to download the MetaTrader desktop or mobile app to your smartphone.

Useful services offered by Advanced Markets:

  • Economic calendar. This tool broadcasts important data that can be used for fundamental analysis;

  • Market news. The main emphasis is on coverage of events that may affect the value of currencies and stocks. You can filter news by a specific financial instrument or by the market type;

  • Trading calculator. It can be used to calculate spreads, swaps, margins, and pip value for a specific position;

  • Analysis of volatility of the selected instrument. It provides a comprehensive view of the expected change in the price of a particular asset. It is displayed in the user account and is updated in real-time.

Advantages:

1

Opportunity to use paid and free expert advisors for analysis and trading;

2

Fast technical support available 24 hours on weekdays;

3

To deposit and withdraw funds, you can use both classic payment methods (cards, bank transfers, or e-wallets) and cryptocurrency transactions;

4

Any interested person, as well as brokerage companies, can become partners of Advanced Markets;

5

The broker offers account types with no additional trading fees.

All clients of Advanced Markets have access to professional technical analysis, financial news from leading news agencies, copy trading, and a fully customizable trading platform.

Latest Advanced Markets News

27.08.2024
Mirjan Hipolito
Advanced Market announced a drop in profits from last year's results
Advanced Markets, a UK-based liquidity provider and broker, has reported a sharp decline in its profits for the most recent fiscal year, despite a notable

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