Founded in 2006 and pioneering true Direct Market Access (DMA) in the Forex world, Advanced Markets is on online broker that provides some of the best market conditions in the industry. Offering spreads significantly lower than many of its competitors, this site has created a platform whereby users can selection trading positions from a number of tier 1 banks, including Barclays, Bank of America, Deutsche Bank, J.P. Morgan and UBS.
Indeed, because Advanced Markets utilises a strategy which doesn’t take risk but, instead, lays off all positions with bank market makers at the time of execution, users benefit from the best trade prices possible.
Undoubtedly one of the standout features of this online Forex broker is their access to the currency exchange market. By offering DMA via a network of 10 bank market makers, the system allows traders to execute competitive rates. Moreover, because the system is so efficient it allows traders to get the price they want without any re-quotes. Indeed, because currencies are constantly changing value it can be difficult to swoop on a purchase before its price changes. However, thanks to Advanced Markets’ structure this isn’t a problem.
Because speed is such a key facet of Advanced Markets’ platform, the company has introduced UltiMT which has redefined the MetaTrader platform. By unifying a number of external functions into one platform, UltiMT is able to avoid common failures and latency issues that can hamper a trade. By taking the abilities of MetaTrader 4 and augmenting them with features which are usually only available through third-party providers, UltiMT is a much more efficient and complete trading platform.
In addition to the UltiMT solution for MetaTrader users, Advanced Markets also offers Advanced Trader Pro and Advanced Trader Prime platform options. Designed to offer direct access to the currency market, these two account options offer a low latency solution with instant executions and no re-quotes.
For those who choose AT Pro or AT Prime as their gateway to the FX market, the following trading conditions will be in place:
Minimum account size = $2,500
Minimum position size = 0.1 lot
Fixed from 0.9 pips on major currency pairs such as EUR/USD
Leverage on this account = 1:50
Digits after the comma = 4
Number of currency pairs = 36
In addition to the condition above, the Advanced Trader accounts offer the following features: Hedging, trailing stop, pending orders, automated trading.