Advanced Markets


foreigner

Est. 12480 Hours and Counting
Advanced Markets offer MT4 and claim these benefits;

• Direct Market Access to live, executable, multibank pricing from leading, global FX banks
• World-class FX and precious metals liquidity enabling optimal trade execution
• Ultra-fast executions, with sub-10 millisecond trade processing.
• Full price transparency resulting in lower trading costs

I have tested their feed and can confirm pricing and spreads are exactly the same as Pepperstone. (So not bad)

Difference is their minimum account size is 10k.

http://advancedmarketsfx.com/
 

rodfx

New Member
Pepperstone whitelabel them. I think its better to deal with Advanced Markets directly. It akso avoivs any B booking by Pepperstone on the fortex bridge.
 

foreigner

Est. 12480 Hours and Counting
As our friend above Rodfx had nothing further to say I thought Id look in to AM's broker offering a bit closer.

I found this statement on their website http://advancedmarketsfx.com/credit/custom-setups/ see if you can spot the red herring;

"For qualified counterparties, Advanced Markets, in conjunction with Macquarie Bank and Deutsche Bank National Trust Company, offers a secure client funds solution through a custody bank account. In this structure, a new custody account is opened and maintained in the client name. Under the terms of the tripartite agreement, Advanced Markets is permitted to debit or credit the account for trading gains or losses. This is done within 24 hours of the close of the trading day.
All client equity is secure and fully segregated at all times.
Advanced Markets broad range of credit solutions is facilitated, in part, by the firm’s institutional investor base. Institutional owners include Macquarie Americas Corp Inc., a wholly owned subsidiary of Macquarie Bank, and GFI Group Inc."


Who's trading gains or losses? This is what they what they call FULL SEGREGATION of your money, what, full access to it whether you/they win or lose?

Thanks AusDoc for raising awareness of the wording contained in these broker statements.
 

jack

Administrator
Staff member
rodfx said:
Pepperstone whitelabel them. I think its better to deal with Advanced Markets directly. It akso avoivs any B booking by Pepperstone on the fortex bridge.
This is incorrect. Pepper is not a white label of anyone. (Not for a long while.)

Pepper is also multiple times the size of this broker.
 

AusDoc

Well-Known Member
foreigner said:
Who's trading gains or losses? This is what they what they call FULL SEGREGATION of your money, what, full access to it whether you/they win or lose?

Thanks AusDoc for raising awareness of the wording contained in these broker statements.
AM are wholesale providers. HNW individuals can of course be accommodated, but I would think they'd be a small proportion of the client base.

I expect that since the clients' accounts are individually segregated (a minimum standard in my view, that I hope to see become mandated eventually) the withdrawals would relate strictly to the individuals concerned. What a good idea hey? Your money safely kept in a separate account that can only be debited by the broker for legitimate reasons of paying what you actually owe.

No usury. No capacity to use your money to meet the pooled cashflow demands or shortfalls. Wonderfully refreshing idea and a far cry from the all-too-common practices of most brokers. They may be behaving in accordance with the relevant laws but that just means we consumers need to make it clear to legislators that the laws are inadequate.

Smart brokers have been listening to me and the many like me who have been calling for better-than-minimum standards and proper segregation of individual client funds. I am still amazed to hear traders say they are surprised about all of this - they thought they had 'segregated' accounts. How little people read, how little they understand.

Your point is well made foreigner - everyone must read the relevant documentation and question everything until they are satisfied that everything is properly understood. Brokers take a free ride when people drop the ball on this.
 

foreigner

Est. 12480 Hours and Counting
Getting stopped out is usually fair enough, but when price gaps up in to a stop level traders are getting slipped, chipped and taken for a ride..

What, Stop Orders not enough for you Advanced Markets? see below;

 

AusDoc

Well-Known Member
Wouldn't both of these brokers have produced the same result? Data distribution is slightly different but the ranges look to be about the same, as best I can make out from the image. So if the stop was where the arrow points, both would have had your stop.

Or maybe I'm missing something, I'm pretty tired.
 

foreigner

Est. 12480 Hours and Counting
AusDoc said:
Wouldn't both of these brokers have produced the same result? Data distribution is slightly different but the ranges look to be about the same, as best I can make out from the image. So if the stop was where the arrow points, both would have had your stop.

Or maybe I'm missing something, I'm pretty tired.
no worries Aus. As I see it the difference is Forex Ltd would have triggered your stop order as price hit the level whereas Advanced Markets would have filled your stop at the next best price which could have been 5,10,15 pips on the wrong side after price gapped up through the stop level..
 

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