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Advanced Markets (AMIFX)

Advanced Markets (AMIFX)

BROKER Advanced Markets (AMIFX)
WEBSITE LINK amifx.com
YEAR ESTABLISHED  
COUNTRY USA
REGULATION NFA, CFTC
DEALING DESK Straight Through Processor (STP)
TRADING PLATFORM RealStream, WinTrader
MOBILE TRADING  
PAIRS OFFERED  
TYPE OF SPREAD  
COMMISSION / FEE Yes
SPREAD EUR/USD (LOWEST) 2 pips
MAXIMUM LEVERAGE 100:1 (1%)
FREE DEMO ACCOUNTS Yes
MINI ACCOUNT SIZE $500
STANDARD ACCOUNT SIZE $500
SMALLEST LOT SIZE 10,000
SWAP FREE ACCOUNTS  
SWAP RATES  
ACCOUNT FUNDING METHODS Wire, Check
SCALPING  
HEDGING Yes
TRAILING STOPS  
LIVE CHAT No
ADDITIONAL INFORMATION  

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 Trusted By The Forex Broker Guide
Last Updated: 2008-06-22
Rate now:   0
2
Date: 2009-01-08 05:42:24
I suspected some things were not right with them when my stop loss would just barely be hit again and again. but then when I started watching the market while I was in a trade I noticed they would blind me to what was happening by not feeding data.

I was in a trade when it turned against me then they left me in limbo and when it did come back online it moved that much more against me.

DON'T DEAL WITH THEM!!!
2
Author: Steve
Date: 2009-01-08 05:41:39
Managed account is a scam. Lied about how they managed the accoount. They traded the account down 68% in three days!!!!
Do not use them!!!
I had to force them to halt trading.
2
Author: Fast-Trader
Date: 2009-01-08 05:41:07
Absolute crap. Requotes all the time. Pushed to dealing desk. I trade 3 other platforms, get instant fills, and very minimal requotes. If there are requote its for 1-3 pips.. AMI requotes 10 sometimes more depending on the market movement. On 2 seperate trades AMI slipped my stop by 9 pips and then 19 during news while the other 2 platforms had no slippage and were executed on the mark... Where did this money go???...hmmm, I wonder.... My platform mysteriously locks up all the time, cant log back in, and need to shut down and restart. Try contacting the support desk to resolve a problem.... Email is the repsonce. GOOD LUCK TRYING TO GET A FAIR SHAKE....
8
Author: Jason
Date: 2009-01-08 05:40:26
I've been trading live accounts for about 1.5 yrs. I've been using Advanced Markets for about 6 mo. I have to admit that they are a good, reliable company. while small, I feel that they are very personable and care. Trading GBP/USD and EUR/USD and CAD during volatile times has been surprisingly fast with virtually no requotes. NZD or AUD is a bit tough, though, but that is to be expected from such thin mkts. They claim to totally pass through orders to open market. I believe they really do. Once I felt I had a bad exit on NFP when the market slowed, and they refunded me over a $1000.
2
Date: 2009-01-08 05:39:45
The NFA has issued serious complaints against two small, undercapitalized firms.

The first is Advanced Markets (Amifx). The NFA says in its complaint,
10
Author: howard
Date: 2009-01-08 05:39:03
i had a very good experience trading with them, the only reason i left was there platform does not all auto-trading, if this was different i would have no problem at all re-opening a account with them. look at there web site, they explicitly state they do not engage in any price manipulation, this is the only forex broker that i know of that does that.
10
Author: Jimmy
Date: 2009-01-08 05:38:35
I use this broker forabout 4-5 months now and can say I have never had a problem worth complaining about. Obviously, as with any broker, news trading can be tricky. Customer service is responsive. I recommend them.
2
Author: Anonymous
Date: 2009-01-08 05:37:47
try a demo, there u will be safe. Any real money is their's, and you'll see yours dwindle to 0. requotes, lock-ups, won't let u get out when a trade turns on you. even had to shut whole computer down, wouldn't close .then reboot ,which takes a minute or so. then thier's opens slow ,all while the trade went against you. don't take but 1 week to lose your acount. They are good at that. ripping us off.
8
Author: Dan
Date: 2009-01-08 05:37:18
I have been with amifx for a few months and have always received excellent executions. I also trade heavily on news. During the past couple of weeks, I had a couple of issues on execution times and my entry stops and trailing stops. When I spoke to customer service they explained to me they had some "issues" in their software and to use caution on using those functions until the problem was corrected. At first, I was skeptical but, they kept in total contact with me, followed with me by phone, and even called me when the software issue was corrected. I doubt you will find that kind of service from some of the others out there. (Trust me I know) Except for their "system problem" I cant complain and their customer service is excellent!!!
2
Author: Jay
Date: 2009-01-08 05:36:29
I have now experienced the 2nd worst broker in this market. (we all know who #1 is FXCM) After making a profit I was put on manual execution the very next day. When I asked them why, the answer....are you ready...... "The bank has to protect their investment." I had to give them at least 1 star for that honest comment...LOL
2
Author: magoo
Date: 2009-01-08 05:35:55
I have been with this broker for aprox 1 month and I have NEVER gotten filled at the price I clicked. I trade news mainly. They claim no dealing desk - then who is giving the requotes 20 pips off market? I traded the CPI this am clicked on 95 and the trade stayed in the order bin for about 90 secs then I got a requote of 65. By that they have a dealing desk and they certainly are not stp. They have misrepresented themselves, wasted my time and I am leaving. This is a scam broker - stay away!
A OK
0
Author: Greg B.
Date: 2008-10-25 05:25:30
Good enough
Good New System
8
Author: James
Date: 2008-10-02 02:05:12
Have traded with this company for some time on their Wintrade platform. Pricing and fills have been OK. Customer service good. Also recently started using their new Advanced Trader 2 system, pricing and fills great, very fast and functionality great.
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