Advanced Markets

Admin July 14, 2024

Advanced Markets is a respected broker that serves both institutional clients and retail traders, providing a platform for trading various currencies and Contracts for Difference (CFDs). The company was established in 2006 and has been employing Direct Market Access (DMA) technology to offer direct access to the inter-market without the need for intermediaries. It operates under the regulation of the Australian Securities & Investments Commission (ASIC) with the Australian Financial Services License (AFSL) No. 444649 and is registered in the Cayman Islands. The company is jointly owned by Macquarie Americas Corp Inc., a subsidiary of Macquarie Bank.

Regulated

Payment Methods Used

VISA, MasterCard, Bitcoin

Meta Trading Softwares Used

MetaTrader 5 (desktop, Android app, and iOS app)

Overall Rating

3.5/5

Reviews

Berlin
3/5

I have been using Advanced Markets Fx for a few years now. They have the best spreads, much better than some other brokers. They do not trade against you, as a matter of fact, they do not trade at all, they just supply the platform and the quotes, once you enter your trade it go through the banks.

Tarehotazel
2/5

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.

Ferewodajef
2.5/5

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.

Kalvani
4/5

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.

KeldronBon
1/5

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.

Simon_D
1/5

Hello fellow traders, i just want to share my experience along with other traders with advanced markets. They have a service where they have approved strategy providers and a copy trading system that allows retail traders to copy the trades made by the provider like most brokers. So myself and 3 other clients picked a Strategy provider and started following him he made trades and the company's automated copy trading system copied them on behalf of us. Provider generated profits for himself and for us as followers, we then paid a performance fee to the provider for his service. After that the provider withdraws all his funds, capital, profits and performance fee. A couple of days later we followers, receive an email from Advanced Markets that our accounts are being suspended due to investigation of suspicious trades made. We tried to tell them we didn't execute the trades, it is their system that copied the trades of their approved provider. they didnt answer after three weeks they sent us that our accounts will be closed due to illegal trades made and profits will be taken as a result (remember nothing was sent to provider about this and he is still active on their portal right now). so we asked what illegal trades specifically are you talking about? of course they didn't answer and mention any trades, they just zeroed out our accounts took all the money ! up to $55K and closed our accounts. i am writing this to warn you of this company's predatory behavior. i have reported this to their regulator (backed by proof) email threads, and i hope that justice will be done for me and the other followers. but for the rest STAY AWAY FROM ADVANCED MARKETS LLC

Jaypipin
4/5

This broker has been around for many years, originally institutional and supplying other brokers access to markets. now they relaunch their retail business. Its great so far, in fact the best. Some spreads not competitive need more capital to get lower spread

Jeff Wright
3.5/5

If you are a scalper, this is definitely a platform for you to try and consider. I've been trading for 6 months and this platform simplifies and enables me to be PROFITABLE. All I can tell you is to give then a try.

Hubert
4/5

This is one of my favorite broker and so far so good, expecially the order execution is very very fast. And the company's financial is not bad, it's top10 in retail brokers.

Rebecca
3.5/5

have been using Advanced Markets Fx for a few years now. They have the best spreads, much better than some other brokers. They do not trade against you, as a matter of fact, they do not trade at all, they just supply the platform and the quotes, once you enter your trade it go through the banks.

Steve
1/5

Managed account is a scam. Lied about how they managed the accoount. They traded the account down 68% in three days!!!! Do not use them!!! I had to force them to halt trading.

David Champagne
1.5/5

I suspected some things were not right with them when my stop loss would just barely be hit again and again. but then when I started watching the market while I was in a trade I noticed they would blind me to what was happening by not feeding data. I was in a trade when it turned against me then they left me in limbo and when it did come back online it moved that much more against me. DON'T DEAL WITH THEM!!!

Jason
3.5/5

I've been trading live accounts for about 1.5 yrs. I've been using Advanced Markets for about 6 mo. I have to admit that they are a good, reliable company. while small, I feel that they are very personable and care. Trading GBP/USD and EUR/USD and CAD during volatile times has been surprisingly fast with virtually no requotes. NZD or AUD is a bit tough, though, but that is to be expected from such thin mkts. They claim to totally pass through orders to open market. I believe they really do. Once I felt I had a bad exit on NFP when the market slowed, and they refunded me over a $1000.

Kellen jon
1.5/5

try a demo, there u will be safe. Any real money is their's, and you'll see yours dwindle to 0. requotes, lock-ups, won't let u get out when a trade turns on you. even had to shut whole computer down, wouldn't close .then reboot ,which takes a minute or so. then thier's opens slow ,all while the trade went against you. don't take but 1 week to lose your acount. They are good at that. ripping us off.

Dan
4/5

I have been with amifx for a few months and have always received excellent executions. I also trade heavily on news. During the past couple of weeks, I had a couple of issues on execution times and my entry stops and trailing stops. When I spoke to customer service they explained to me they had some "issues" in their software and to use caution on using those functions until the problem was corrected. At first, I was skeptical but, they kept in total contact with me, followed with me by phone, and even called me when the software issue was corrected. I doubt you will find that kind of service from some of the others out there. (Trust me I know) Except for their "system problem" I cant complain and their customer service is excellent!!!

Jay
1/5

I have now experienced the 2nd worst broker in this market. After making a profit I was put on manual execution the very next day. When I asked them why, the answer....are you ready...... "The bank has to protect their investment." I had to give them at least 1 star for that honest comment...LOL

Magoo
1.5/5

I have been with this broker for aprox 1 month and I have NEVER gotten filled at the price I clicked. I trade news mainly. They claim no dealing desk - then who is giving the requotes 20 pips off market? I traded the CPI this am clicked on 95 and the trade stayed in the order bin for about 90 secs then I got a requote of 65. By that they have a dealing desk and they certainly are not stp. They have misrepresented themselves, wasted my time and I am leaving. This is a scam broker - stay away!

Howard
4.5/5

i had a very good experience trading with them, the only reason i left was there platform does not all auto-trading, if this was different i would have no problem at all re-opening a account with them. look at there web site, they explicitly state they do not engage in any price manipulation, this is the only forex broker that i know of that does that.

Jimmy
4/5

I use this broker forabout 4-5 months now and can say I have never had a problem worth complaining about. Obviously, as with any broker, news trading can be tricky. Customer service is responsive. I recommend them.

Trans
3/5

Try to improve more