EXHIBIT 10.5

                              EMPLOYMENT AGREEMENT

        AGREEMENT  made  this 13th day of April,  2008 by and  between  ADVANCED
TECHNOLOGIES GROUP, LTD (THE "COMPANY") AND ABEL RASKAS (THE "EMPLOYEE").

1. EMPLOYMENT

     The Company  agrees to employ the  Employee  during the Term  specified  in
section 2 in the capacity of PRESIDENT and the Employee accepts such employment,
subject to the terms and conditions in this  Agreement.  The Employee's  primary
responsibilities shall include Mergers and Acquisitions,  Sales and Marketing as
well as Director of Software Development of the Company.

2. TERM

     The Employee's  employment by the Company  pursuant to this Agreement shall
be for a term commencing on the date hereof and continuing for a period of three
(3) years (the  "Term"),  unless sooner  terminated  by the Company  pursuant to
section 4 below or by the Employee on thirty-  (30) days  written  notice to the
Company.

3. COMPENSATION

     (A) BASE SALARY.  As  compensation  for his services,  during the Term, the
Company shall pay the Employee an annualized base salary equal to $ 250,000. The
salary shall be less applicable withholding taxes and deductions,  in accordance
with  the  Company's  normal  payroll  practices.  Notwithstanding  any  of  the
foregoing,  Employee  shall  be  paid a Base  Salary  (calculated  retroactively
beginning from April 13, 2002) only after the Company has begun receiving profit
distributions from its 25% share ownership in FX Direct Dealer, LLC.

     (B) BONUS. Additionally, the Company may determine, in its sole discretion,
to pay the Employee an annual bonus,  not to exceed Thirty  Percent (30%) of the
Base Salary, based upon the Company's  assessment of the Employee's  performance
over the previous year and available funds.

     (C)  EXPENSES.  The Company  agrees to pay or to reimburse the Employee for
all reasonable,  ordinary,  necessary and documented  business expenses incurred
during the Term in the performance of his services  hereunder in accordance with
the policy of the  Company as from time to time in effect as  determined  by the
Company in its sole  discretion.  The Employee  shall provide to the Company any
and all  statements,  bills or receipts  evidencing the travel or  out-of-pocket
expenses for which the Employee  seeks payment or  reimbursement,  and any other
information  or  materials,  as the  Company  may from  time to time  reasonably
require.

     (D) BENEFITS.  Employee acknowledges that he will be entitled to health and
life insurance benefits and any other benefits in connection with his employment
set forth in this  Agreement  or as otherwise  determined  by the Company in its
sole discretion.

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     (E)  VACATION.  The Employee  shall be entitled to up to three (3) weeks of
vacation in accordance with the Company's  policy,  to be taken at such times as
shall not,  materially  interfere with the Employee's  fulfillment of his duties
hereunder.

4. TERMINATION FOR CAUSE

     The Company may terminate this Agreement for: (1) Conviction of a felony or
any act of involving moral turpitude; (2) Commission of any act of theft, fraud,
dishonesty or  falsification  of any employment  record;  (3) Material breach of
this Agreement by Employee,  which breach is not cured within 30 days of written
notice  from   Company;   and/or  (4)  Improper   disclosure  of  the  Company's
confidential  information.  In the event of  termination  of this  Agreement  by
Company,  which is not for cause, Employee will receive a payment equal to three
(3) times the Base Salary.

5. RESTRICTIVE COVENANTS

     As a condition of  employment,  Employee  agrees to sign a  Non-Disclosure,
NonSolicitation,  and Works for Hire  Agreement,  a copy of which is attached as
Appendix A. By executing this  Agreement,  Employee agrees to abide by the terms
and conditions of the enclosed Non-Disclosure,  Non-Solicitation,  and Works for
Hire Agreement.

6. MODIFICATION

     This Agreement may not be orally  canceled,  changed,  modified or amended,
and no  cancellation,  change,  modification  or amendment shall be effective or
binding, unless in writing and signed by the parties to this Agreement.

7. WITHHOLDINGS

     The  Company  may  withhold  (from any  compensation  or  benefits  payable
hereunder  to  Employee)  from any amounts  payable  under this  Agreement  such
federal, state or local taxes as shall be required or appropriate to be withheld
in the  reasonable  judgment of the Company to comply with any applicable law or
regulation.

8. APPLICABLE LAW

     This  Agreement  shall  be  governed  by  and  construed  and  enforced  in
accordance  with the laws of the State of New York applicable to agreements made
and to be performed  therein.  Each of the parties hereto hereby irrevocably and
unconditionally  submits to the exclusive jurisdiction of any court of the State
of New York, County of New York or any federal court sitting in the State of New
York,  County of New York for purposes of any suit,  action or other  proceeding
arising out of this  Agreement  (and agrees not to commence any action,  suit or
proceedings  relating hereto except in such courts).  Each of the parties hereto
agrees  that  service  of any  process,  summons,  notice  or  document  by U.S.
registered  mail at its address set forth herein  shall be effective  service of
process for any action, suit or proceeding brought against it in any such court.
Each of the parties hereto hereby  irrevocably  and  unconditionally  waives any
objection to the laying of venue of any action,  suit or proceeding  arising out
of this Agreement, which is brought by or against it, in the courts of the State
of New York or any  federal  court  sitting  in the State of New York and hereby
further irrevocably and unconditionally  waives and agrees not to plead or claim

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in any such court that any such action,  suit or proceeding  brought in any such
court has been brought in an inconvenient forum.

9. NOTICES

     Any notice, request, demand, statement, authorization, approval, consent or
acceptance  made  hereunder  shall be in writing and shall be hand  delivered or
sent by Federal Express or other reputable courier service,  or by registered or
certified  mail,  postage  prepaid with return receipt  requested,  and shall be
deemed given (i) upon  delivery,  if delivered in person,  (ii) one (1) business
day after being deposited with Federal Express or any other reputable  overnight
courier  service,  or (iii) three (3) business days after being  postmarked  and
addressed as follows if sent by registered  or certified  mail,  return  receipt
requested, addressed as follows:

If to the Company:

Advanced Technologies Group, Ltd.
# 921 Bergen Ave., Suite 405
Jersey City, NJ 07306

If to Employee:

Mr. Abel Raskas

10. COUNTERPARTS

     This Agreement may be executed in two counterparts,  each of which shall be
deemed an  original,  but both of which  taken  together  shall  constitute  one
instrument.

11. SEVERABILITY

     If any  provision  of  this  Agreement,  or  part  thereof,  is  held to be
unenforceable,  the remainder of such provision and this Agreement,  as the case
may be, shall nevertheless remain in full force and effect.

12. AGREEMENT AND REPRESENTATION

     This Agreement contains the entire agreement and understanding  between the
Company and Employee with respect to the subject matter  hereof.  This Agreement
supersedes  any prior  agreement  between  the  parties  relating to the subject
matter hereof.

13. ASSIGNMENT

     This  Agreement  shall inure to the benefit  of, and be binding  upon,  the
Company and its  successors  and assigns,  including,  without  limitation,  any
corporation,  entity or person which may acquire all or substantially all of the
Company's  assets  or  business,  or with  or  into  which  the  Company  may be
consolidated  or merged.  This Agreement shall also inure to the benefit of, and

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be  enforceable  by, the  Employee  and his  personal or legal  representatives,
executors,   administrators,   successors,  heirs,  distributees,  divisees  and
legatees provided that Employee may not assign his rights or delegate his duties
hereunder to any third party.

14. ENTIRE AGREEMENT

     This Agreement  represents the entire agreement between the Company and the
Employee with respect to the employment of the Employee by the Company,  and all
prior  agreements,  plans and  arrangements  relating to the  employment  of the
Employee by the Company are nullified and superseded hereby.

     IN WITNESS WHEREOF,  the parties have executed this Employment Agreement as
of the day and year first above written.


Accepted and Agreed to by:


/s/ Alex Stelmak               CEO             April 13, 2008

     Name                     Title                 Date

Accepted and Agreed to by:

Abel Raskas - President

April 13, 2008

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                                   APPENDIX A

                  NON-DISCLOSURE AND NON-SOLICITATION AGREEMENT

     In consideration of your employment with ADVANCED  TECHNOLOGIES GROUP, LTD.
(The "Company") and for other good and valuable consideration,  receipt of which
is hereby acknowledged, you agree as follows:

     1. In the course of your employment with the Company,  you will acquire and
have access to confidential or proprietary  information about Company and/or its
clients and/or customers,  including but not limited to, trade secrets, methods,
models, passwords,  access to computer files, financial information and records,
computer software programs,  agreements and/or contracts between Company and its
clients  and/or  customers,  Company's  client  contacts,  Company's  editorial,
marketing,   advertising   and/or  creative   policies,   practices,   concepts,
strategies,  and methods of operations,  financial or business projections,  and
information  about or  received  from  clients  and other  companies  with which
Company  does  business.  The  foregoing  shall be  collectively  referred to as
"confidential information."

     2. You are aware that the confidential information is not readily available
to the public.  You agree that during your employment and  thereafter,  you will
keep confidential and not disclose the confidential information to anyone or use
it for your own benefit or for the benefit of others,  except in performing your
duties as our  employee or agent.  You agree that this  restriction  shall apply
whether or not any such information is marked "confidential."

     3. You hereby assign to the Company, or its designee, all your right, title
and interest in and to any and all materials,  including without limitation, all
original works of authorship,  developments,  concepts, improvements,  formulas,
algorithms,  software,  technology  applications or trade secrets, which you may
solely or jointly  conceive or  develop-to  reduce to  practice,  or cause to be
conceived or developed,  during your services  rendered to the Company and which
(i) relate to the Company's  business,  (ii) result from any work  performed for
the Company, or (iii) result from any use of the Company's equipment,  supplies,
facilities  or  confidential  information   (collectively  referred  to  as  the
"Works"). You further acknowledge that all Works that are protectable are "works
made for hire" as that term is defined in the United  States  Copyright  Act. If
for any reason any portion of the Works does not qualify as works made for hire,
then you hereby transfer and assign to the Company all right, title and interest
in and to the Works.

     4. You agree to assist the Company, or its designee, at Company expense, in
every  proper  way,  to  secure  the  Company's  rights  in the  Works  and  any
intellectual  property rights relating thereto,  including the disclosure to the
Company  of all  pertinent  information  and  data  with  respect  thereto,  the
execution of all  applications,  assignments and all other  instruments that the
Company shall deem necessary in order to apply for and obtain such rights.

     5. All memoranda, disks, files, notes, records or other documents,  whether
in electronic form or hard copy (collectively,  the "material")  compiled by you
or made  available  to you during your  employment  (whether or not the material

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contains  confidential  information)  are the  property  of Company and shall be
delivered to the Company on the  termination of your  employment or at any other
time upon request. Except in connection with your employment, you agree that you
will not make or retain copies of the material.

     6. You agree that your position with the Company  requires the  performance
of services  which are special,  unique,  extraordinary  and of an  intellectual
character and places you in a position of confidence  and trust with the clients
and  employees of the Company.  You further  acknowledge  that the  rendering of
services  to the  Company's  clients  necessarily  requires  the  disclosure  of
confidential  information  and trade  secrets of Company.  You agree that in the
course  of your  employment  with the  Company,  you  will  develop  a  personal
acquaintanceship  and relationship with the clients of the Company and knowledge
of those client's affairs and requirements.  Consequently,  you agree that it is
reasonable and necessary for the protection of the good will and business of the
Company that you make the covenants contained herein.

Accordingly,  you agree that while you are in the  Company's  employ and for the
one-year period after termination of your employment, for any reason whatsoever,
you shall not, except on behalf of the Company:

          (a) attempt in any manner to solicit  from any client  business of the
type  performed by the Company or to persuade any client to cease to do business
or to reduce the amount of business which any such client has  customarily  done
or contemplates doing with the Company,  whether or not the relationship between
the  Company  and such  client was  originally  established  in whole or in part
through your efforts;

          (b) employ as an employee or retain as a consultant  any person who is
then,  or at any time  during the  preceding  six months  was,  an  employee  or
exclusive  consultant to the Company,  or to persuade or attempt to persuade any
employee of or  exclusive  consultant  to the Company to leave the employ of the
Company or to become  employed as an employee  or  retained as a  consultant  by
anyone other than the Company; or

          (c) render to or for any client any  services of the type  rendered by
the Company.

          As used in this  paragraph  6, the term  "Company"  shall  include all
subsidiaries  of the Company,  and the term "client"  shall mean, as applicable,
(A)  anyone  who is a client  of the  Company  at the time  your  employment  is
terminated, or, if your employment shall not have terminated, at the time of the
alleged   prohibited   conduct  (any  such  applicable  date  being  called  the
"Determination  Date");  (B) anyone who was a client of the  Company at any time
during the one year period immediately preceding the Determination Date; (C) any
prospective client to whom the Company had made a new business  presentation (or
similar offering of services) at any time during the one year period immediately
preceding the  Determination  Date;  provided that you were involved in such new
business  presentation  or similar  offering of  services.  For purposes of this
clause,  it is agreed that a general mailing or an incidental  contact shall not
be deemed a "new  business  presentation  or similar  offering of services" or a
"discussion".

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             In addition,  if the client is part of a group of  companies  which
conducts  business  through more than one entity,  division or  operating  unit,
whether or not separately  incorporated (a "Client Group"), the term "client" as
used herein shall also include each entity,  division and operating  unit of the
Client  Group  where  the same  management  group of the  Client  Group  has the
decision making  authority or significant  influence with respect to contracting
for services of the type rendered by the Company.

        7. You agree that the type and periods of restrictions contained in this
agreement are reasonably required for the protection of the Company. You further
agree that upon any breach of this  agreement  the Company  will, in addition to
all other available remedies, be entitled to injunctive relief without having to
post bond or other  security and without  having to prove the  inadequacy of the
available remedies at law.

        8. If any provision of this agreement,  or any part thereof, is found to
be invalid or unenforceable, the same shall not affect the remaining provisions,
which  shall be given  full  effect,  without  regard to the  invalid  portions.
Moreover, if any one or more of the provisions contained in this agreement shall
be held to be excessively broad as to duration, scope, activity or subject, such
provisions  shall  be  construed  by  limiting  and  reducing  them  so as to be
enforceable to the maximum extent with applicable law.

        9. You agree that this agreement  shall survive the  termination of your
employment with the Company.

        10. This  agreement  supersedes  all  agreements  concerning the subject
matter hereof.

        11. This  Agreement  shall be governed by and  construed and enforced in
accordance  with the laws of the State of New York applicable to agreements made
and to be performed therein.  You hereby irrevocably and unconditionally  submit
to the exclusive  jurisdiction of any court of the State of New York,  County of
New York or any federal  court  sitting in the State of New York,  County of New
York for purposes of any suit,  action or other  proceeding  arising out of this
Agreement (and agrees not to commence any action,  suitor  proceedings  relating
hereto except in such courts).  You agree that service of any process,  summons,
notice or document  by U.S.  registered  mail at your  address set forth in your
employment  agreement with the Company shall be effective service of process for
any action,  suit or proceeding brought against it in any such court. You hereby
irrevocably and  unconditionally  waives any objection to the laying of venue of
any action,  suit or proceeding arising out of this Agreement,  which is brought
by or against  it, in the courts of the State of New York or any  federal  court
sitting  in  the  State  of  New  York  and  hereby  further   irrevocably   and
unconditionally  waives  and agrees not to plead or claim in any such court that
any such action,  suit or proceeding  brought in any such court has been brought
in an inconvenient forum.

AGREED TO AND ACCEPTED:


Signature /s/ Abel Raskas

Date: April 13, 2008               Print Name: Abel Raskas

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