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Advanced Markets Review
Advanced Markets is a prime of prime liquidity provider for institutions, not a retail broker. It holds real FCA and ASIC licenses, but both only cover professional clients.
Min Deposit
N/A
Spreads From
Not published, priced per institutional client relationship
Max Leverage
Not applicable, set per institutional credit agreement
Platforms
MetaTrader 4, MetaTrader 5
Pros
- Real FCA license for the UK entity, reference number 777739, since 2018
- Says it is backed by BGC Group, a large, established financial company
- Close to 20 years in the institutional FX liquidity business since 2006
- Wide platform support, including FIX API, MetaTrader 4, 5, and Fortex 6
Cons
- Not a retail broker, so there is no public account for individual traders
- FCA coverage only applies to professional or eligible counterparty clients
- ASIC license only applies to wholesale clients, not everyday retail traders
- In 2015, ASIC made it fix website wording about its license reach
- No public spread, fee, or minimum deposit figures for outside comparison
Advanced Markets began in 2006 as a United States forex dealer member. Founder Anthony Brocco still leads the firm as CEO. Today the group works mainly with brokers, banks, and fund managers, not everyday retail traders, and says it is backed by BGC Group, a large financial firm.
Advanced Markets (UK) Ltd holds FCA reference number 777739, but this only covers clients who qualify as professional or eligible counterparty. Advanced Markets Ltd, based in the Cayman Islands, holds Australian ASIC license 444649 for wholesale clients only. In 2015, ASIC made the firm fix website wording that could have confused foreign clients about how far its Australian license protection actually reached.
There is no public retail account or minimum deposit, since Advanced Markets sells liquidity and execution technology, not simple trading accounts. Clients connect through FIX API, MetaTrader 4, MetaTrader 5, or Fortex, usually via a prime brokerage or prime of prime credit line.
Max Leverage
Not applicable, set per institutional credit agreement
Spreads From
Not published, priced per institutional client relationship
Platforms
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
