Last update: 23 July 2020
5 min read
Non-recommended broker
Regulated by

Advanced Markets review

23 July 2020

This broker was not featured in our 2020 Broker Review Audit. This is because, in the past 12 months, it has failed to pass our initial screening process and is not recommended by our team of experts. As such some of the information found here may be out of date.

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Advanced Markets is a provider of direct market access trading in precious metals, CFDs and spot Forex to both individuals and commercial clients. With no dealing desk, low latency and ECN and STP models, this firm is pioneering the way in DMA, serving over 40,000 clients across 30 countries worldwide. This privately held company has outside investors including Macquarie Americas Corp Inc and is licensed as an Australian Financial Services Licensee. Founded in 2006, this firm has a team of skilled and experienced investment professionals at the helm taking the company forward into the future. As this broker is also regulated by ASIC, traders can rest assured that they are choosing a reliable and trustworthy operator when they choose Advanced Markets and that they personal and financial details are in safe hands.

advanced-markets

Bonus

No

Regulation

Yes

Mobile

Yes

Instruments

Forex

Website

www.advancedmarketsfx.com
Not Verified

Exploring the Advanced Markets Trading Platform

Advanced Markets offers a range of impressive trading platforms that have been designed to support DMA access to the Forex market, and this focus has enabled them to produce a system which is reliable, stable and supportive to low latency trading. Their unified system supports all kinds of functionality including risk management, liquidity, credit, reporting and trading while being able to process trades within just a millisecond. Having been in development since 2009, the broker’s technology system is advanced and has never had a moment of downtime. The operator’s UltiMT MetaTrader platform routinely processes a trade volume each day of around US$12 billion and monthly ticket volumes of around 5.5 million. There are also no capacity constraints with this platform as it is capable of processing tens of thousands of orders each session.

UltiMT Platform
This enterprise grade product offers high availability, scalability and high performance for fund managers and MT4 brokers. Accepting all kinds of MetaTrader orders, this platform supports the use of Expert Advisors and allows comprehensive position management and order flow via a comprehensive back-office suite and streaming user interface. The technology which supports this platform supports all risk management, credit, trading, reporting, liquidity and other functionality. Capable of processing trades in less than 10 milliseconds, this platform offers many operational benefits and impressive performance. Built on the MetaTrader technology which has been in a continuous state of improvement and development since 2003, this platform incorporates a DMA low latency trading platform which has been in use since 2009 and which has undergone rigorous testing with top brokers across the UK, Europe and Australia.

Fortex 6
The Fortex 6 front end platform, Advanced Market’s real-time market data, Algo X engine and low latency DMA liquidity ensures a high level of impressive performance algorithmic trading within the financial markets. Algo X is able to support script development with industry standard open programming languages meaning that brokers, developers and traders are not restricted by a proprietary code which has interoperability and limited scalability. This trading engine also allows the development of automated trading strategies in industry standard languages such as C# and JavaScript, and as it is powered by the operator’s low latency DMA trade executions and real time multibank market data, this solution is able to deliver high quality performance to both individual algorithmic traders and fund managers. Algo X is also able to incorporate market depth views into the operator’s DMA liquidity pool from ten top level Forex banks. All of the pricing is executable and live as well as being delivered in real time. The Advanced Markets’ DMA structure ensures no requotes and their rejection rate is under 1%. The Algo X trading environment allows trades to be executed at the price that triggers the algorithm’s trading instructions, enhancing the performance of the trading algorithms.
chartsDesigned with the experience of both desktop and mobile users in mind, the Fortex 6 platform has been created with an intuitive, clean and simple interface that can be used in several languages. Integrated operations ensure consistency for the user across the application with one click order entry and the ability to place a range of order types including fill or kill, limit, market, all or none, take profit, stop loss, immediate or cancel, trailing stops, threshold, VWAP and conditions all through one interface. This platform also allows for technical studies and advanced charts ensuring that the client requires no extra applications.

Fortex 6 can run on all desktop devices including Linux, MacOS and Windows operating systems. The Fortex 6 Web is entirely internet based delivering an interactive experience across all devices with no need to install or download any memory intensive software that could slow the machine down. There is also a version of Fortex 6 for mobile devices that can be used with Android and iOS smartphones and tablets for traders on the move.

Banking Options, Account Types and Customer Contact Methods

Advanced Markets only offers a single option for crediting a trading account and this is through the traditional option of bank wire transfer. The security of the client’s funds is ensures thanks to the broker’s multilevel server system which offers the latest innovative encryption software. No other banking options are offered by this provider.
Advanced Markets only have a single type of trading account for individual clients, making applying for an account very simple. There is, however, also the option of opening a demonstration account for free which allows the user to try out the trading platform and to experiment with trading strategies before making a decision about whether or not this is the right broker.
The Advanced Market customer service team can be contacted via several methods. There are several email addresses provided on the website for contacting the various departments in order to ensure that queries are addressed to the most appropriate team and there is also an international telephone number and fax number provided. Skype is another available option and there is also a web form on the home page that can be completed in order to pose questions.
Overall, Advanced Markets has a range of impressive and modern trading platform solutions and a good choice of contact methods for the customer support team. As this broker is also regulated, clients can be sure that they are choosing a reliable operator, however the lack of funding methods and the lack of choice when it comes to trading account types could be a drawback.
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