Advancedmarkets (https://advancedmarkets.live) has been flagged by ASIC (Australia) for "Unlicensed". Addresses: Woodlands Mall 1555 Lake Woodlands Dr Spring TX 13 This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: advancedmarkets.live.
The spread at Advancedmarkets (https://advancedmarkets.live) is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them while looking for alternatives to my previous provider and initially thought the platform was good - until I started trading seriously.
Pros: Dedicated account manager|Intuitive for beginners
Cons: Slow to add new assets|Would like more payment methods
Advancedmarkets (https://advancedmarkets.live) changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Clear documentation|Smooth onboarding|Good analytical tools
Cons: Currency conversion fee exists|Charting tools need more indicators
I lost a significant amount because Advancedmarkets (https://advancedmarkets.live) did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Excellent charting|Regular updates|Fast execution
Cons: No fractional shares
Advancedmarkets (https://advancedmarkets.live) offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Economic calendar|Real-time alerts|Helpful community forum
Cons: Wish they had more educational resources|Could offer more webinars
I joined Advancedmarkets (https://advancedmarkets.live) through my accountant's suggestion and from the start, things felt off. The signup process collected far more personal information than necessary, the verification took unreasonably long, and when I finally got access, the platform was nothing like what was advertised.
Pros: Comprehensive tools|Stable platform
Cons: Minimum deposit could be lower|Could offer more webinars
I referred a friend to Advancedmarkets (https://advancedmarkets.live) through a financial advisor. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.
Pros: High security standards|Automated trading options|Responsive team|Full transparency
Cons: Help articles are sometimes vague|Live chat only during business hours
Opened my account with Advancedmarkets (https://advancedmarkets.live) through my accountant's suggestion and regretted it within the first month. The platform crashed during a critical moment, I lost potential gains, and support basically told me it was not their problem. Absolutely unacceptable behavior.
Pros: Market news feed|Clean UI|Full transparency|Quick verification
Cons: Charting tools need more indicators|Inactivity fee applies after 12 months
I have been trying to close my account with Advancedmarkets (https://advancedmarkets.live) for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Instant funding|Copy trading available|API access
Cons: Limited ETF selection
I trusted Advancedmarkets (https://advancedmarkets.live) with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.
Pros: Multi-device support|Great customer service
Cons: Currency conversion fee exists|No fractional shares
I experienced a security concern with my Advancedmarkets (https://advancedmarkets.live) account and reported it immediately. Their response time was inexcusable for a financial platform. It took them four days to acknowledge my report and another week to actually address it.
Pros: Tax reports included|Low minimum deposit
Cons: No live chat on mobile