7 Points to Consider Before Starting Your Own Forex Brokerage Company in 2023
Embarking on the journey to establish a new Forex brokerage company in 2023 is challenging. However, with proper planning, it remains achievable.
Leadership
Meet our Team
Advanced Markets was founded in 2006. The firm is a pioneer bringing true Direct Market Access (DMA) to the foreign exchange and precious metals markets. We are a leading provider of wholesale liquidity, technology, and credit solutions to brokers and banks globally, and our team members are a huge part of our success.
Anthony Brocco
Founder & CEO
Anthony founded Advanced Markets in 2006 and has served as Chief Executive Officer and Director since the firm’s inception. Prior to starting the firm, he ran trading and brokerage operations in the foreign exchange options and commodity futures markets. He is the chief architect of Advanced Markets’ direct market access (DMA)-based liquidity, credit and technology solutions for wholesale and institutional clients. Anthony has travelled widely in the US, Europe and Asia, where Advanced Markets powers the FX trading infrastructure for leading brokers in the United Kingdom, Korea, Japan, Hong Kong and elsewhere.
Geoffrey Gooch
Chief Financial Officer; Chief Compliance Officer
Geoff has served as a Director, Chief Financial Officer and Chief Compliance Officer of Advanced Markets since the firm’s inception in 2006. Before joining the firm, he served as the head of compliance and back-office operations for several FCMs and Introducing brokerage firms.
During the 16 years he has worked in the FX and Commodity Futures markets, he developed regulatory compliance programs for a number of CFTC registered and NFA member organizations.
Prior to starting his career he studied Finance at the University of Florida.
Ahmed Atteya
Chief Operations Officer
With a career spanning over a decade in the financial markets, Ahmed brings a wealth of expertise and insight to his role. Since immersing himself in the intricacies of finance in 2008, he has navigated through various facets of this ever-evolving industry, honing his skills along the way.
Prior to moving to the US, he served as an attorney in his home country Egypt, for six years. His finance journey commenced with GFT, where he was predominantly anchored within the dealing desk, cultivating a keen eye for market trends and a meticulous approach to trade execution.
In 2014, he embarked on a new chapter with Advanced Markets. Since joining the company, he ascended through the ranks, leveraging experience and expertise to drive success and foster growth. Today, he is able to deliver unparalleled value to our clients, using his knowledge and strategic acumen to navigate the nuances of the financial landscape with precision and foresight.
Newsroom
See the latest business resources, industry news and market analysis to keep you ahead of the game.
Understanding Trading Commissions: From Lots to Millions
In Spot FX, Metals, and CFDs, we, the Liquidity Providers (LPs), often discuss trading commissions in terms such as, PER SIDE, PER ROUND TURN, and PER USD MILLION NOTIONAL.
Webinars presented by Advanced Markets Institutional Team
Advanced Markets (Bermuda) Ltd. FCA ASIC Bermuda | Individual Institutional Premier Group En Ar Fr Pt Es Ko Clients Trading Solutions Your Team Resources APPLY
6 Key Considerations for Retail Forex Brokers When Working with Liquidity Bridge Providers: Insights from Liquidity Provider
Liquidity Bridge Providers play a crucial role in enabling retail brokers to access the market and provide their clients with competitive pricing and execution. To establish a successful relationship for all involved, we suggest you keep the following considerations in mind.
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CFDs are complex instruments and involve a high risk of losing money rapidly due to leverage. 78.38% of retail investor accounts lose money when trading CFDs with Advanced Markets (Bermuda) Ltd. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Advanced Markets LLC is incorporated in the United States under registration number L08000063350 with registered office at 11325 Community House Road, Suite 425, Charlotte, North Caroline, 28277. For information, please contact us here.
The Advanced Markets group of companies consists of:
Advanced Markets Ltd, an exempt company with limited liability incorporated in the Cayman Islands under company number 278124 with registered office at 94 Solaris Avenue, Camana Bay, P.O. Box 1348, Grand Cayman, KY1-1108, Cayman Islands. Advanced Markets Ltd is authorised and regulated by the Australian Financial Services with License Reference Number 444649.
Advanced Markets Ltd only provides services to clients who meet the definition of ‘wholesale’ client under the Corporations Act 2001.
Advanced Markets (UK) Ltd is a private limited company incorporated in the United Kingdom under company number 10671764 with registered office at 10 John Street, London, United Kingdom, WC1N 2EB, United Kingdom.
Advanced Markets (UK) Ltd is authorised and regulated by the Financial Conduct Authority with License Reference Number 777739. Advanced Markets (UK) Ltd only provides services to clients who qualify as Professional or Eligible Counterparty in accordance with FCA and MiFID rules.
Advanced Markets (Bermuda) Ltd. is an exempted company limited by shares incorporated under the laws of Bermuda with registration number 56562 and with registered office at Clarendon House, 2 Church Street, Hamilton HM 11, Bermuda. In light of amendments to the Investment Business Act 2003 of Bermuda which came into force in July 2022, Advanced Markets (Bermuda) Ltd. has applied to the Bermuda Monetary Authority for an investment business license in respect of its products and services.
RISK WARNING: Please be aware that leveraged off-exchange trading of Foreign Exchange (FX) and Contracts for Differences (CFDs) carries a significant degree of risk and may not be suitable for many investors. Please ensure you fully understand the risks involved and carefully consider your financial situation and trading experience before trading, and seek independent advice if necessary.
DISCLAIMER: Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary, and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. THIRD PARTY LINKS: Links to third-party sites are provided for your convenience. Such sites are not within our control and may not follow the same privacy, security, or accessibility standards as ours. We neither endorse nor guarantee offerings of the third-party providers, nor we are responsible for the security, content or availability of third-party sites, their partners or advertisers. The content on this website is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. We have taken reasonable measures to ensure the accuracy of the information on the website, however, we will not guarantee its accuracy, and will not accept liability for any loss or damage which may arise directly or indirectly from the content or your inability to access the website, for any delay in or failure of the transmission or the receipt of any instruction or notifications sent through this website. Apple, iPad, and iPhone are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc. Android is a trademark of Google Inc. Portions of this website are reproduced from work created and shared by Google and used according to terms described in the Creative Commons 3.0 Attribution License.
The English version of the website is the official version. No liability is assumed by Advanced Markets for any errors, omissions, or ambiguities in the translated versions of the website. Any discrepancies or differences created in the translation of the website are not binding and have no legal effect. If questions arise related to the accuracy of the information contained in the translated website, please refer to the English version. If you would like to report a translation error or inaccuracy, we encourage you to please contact us.
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