Rating Index

Pros

Well-regulated by reputable authorities such as the FCA and ASIC, ensuring a level of trust and security for clients.

Offers a wide range of trading assets, including forex, cryptocurrencies, and CFDs, providing flexibility for traders.

Competitive trading conditions with low fees and no deposit or withdrawal fees, making it accessible for various traders.

Cons

Lacks educational resources and market research tools, which may disadvantage novice traders seeking guidance.

Higher spreads compared to some well-known international brokers, potentially impacting profitability.

The retail trading office operates without a specific license, raising concerns about regulatory oversight for retail clients.

Advanced Markets broker Accounts

Advanced Markets Account Type

Advanced Markets offers a limited selection of trading accounts tailored for individual clients. The primary account types available are the Standard Account and the Mini Account. Both accounts require a minimum deposit of $2,500. The trading features include a maximum leverage of 1:100, fixed spreads ranging from 0.5 to 2 pips, and a minimum position size of 0.01 lots. Advanced Markets provides access to a variety of tradable assets including over 65 currency pairs, more than 5 cryptocurrencies (including Bitcoin, Litecoin, and Ethereum), and over 60 CFDs (including gold, silver, stocks, and commodities). Additionally, a demo account is available for traders to practice without risk.

Advanced Markets Broker Account Opening Process

To open an account with Advanced Markets, follow these steps:

Visit the Broker's Website: Go to the official Advanced Markets website.
Select Account Type: Choose between the Standard Account or Mini Account.
Complete the Registration Form: Fill out your personal details such as name, email, phone number, and address.
Identity Verification: Upload the required documents for verification, which typically include a photo ID and proof of address.
Set Up Your Trading Account: Configure aspects of your account, including currency type and leverage.
Deposit Funds: Make an initial deposit of at least $2,500 using a wire transfer.
Access the Trading Platform: Download and install the trading platform (MetaTrader 4, Fortex 5, or Fortex 6).
Practice with a Demo Account (Optional): If desired, use the demo account to familiarize yourself with the trading environment before trading with real money.