Hmmm...one of the comments at the bottom (pasted below) seems to indicate they have a lot of institutional clients. Maybe that makes up for not many retail clients? That number does seem very low, but I guess in the end it's the trade volume that matters and not how many clients.
PB said: Statistics don’t always tell the whole story and this firm prefers to keep a low profile, which certainly sets them apart from the crowd.
Four or five or more major Korean securities brokers conduct their margin FX business thorough Advanced Markets. The firm has other wholesale ventures elsewhere in Asia, Europe and the US. In addition, the firm’s pure (that is they don’t screw around with skewing prices or asymetrical slippage like some other “NDD” platforms) Direct Market Access to 10 major FX bank desks and super low-latency platforms also attract larger clients, including small and medium-sized CTAs, hedge funds and high net-worth traders. See for yourself, their actual, live prices are available on the home page of their Web site.
BTW, full disclosure, I previously worked with Advanced Markets, but haven’t for sometime.
I have an account there under Fortex FIX and MT4. Many clients I spoke to complain of fixed negative slippage made by Fortex who is the technology provider for AMFX of 0.50 pips on every trade. Fortex doesn't even respect the tick prices on tape. They give slippage to imaginary price so as long as they get 0.50 pips on every trade they are happy. Clients also reported this to NFA so its just a matter of time until the sheriff knocks. Better with Currenex or Integral for sure. If you are a client at AMFX look at your trades and you will see the slippage!
