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Admiral Markets – reviews of the project, conditions for earning and withdrawing money
The Admiral Markets trading platform has been operating since 2001. This is a decent period for a broker. The company has several branches in different countries of the world. The main office is located in Cyprus. The company has several licenses issued by the countries in which it has offices. But she doesn’t have documents from the Central Bank, although she should have had them. Despite 20 years of operation, there are slightly more than 20 thousand active traders registered on the broker’s website. The company’s monthly turnover exceeds $40 billion.
To replenish a trading account and withdraw money, many popular systems are available – terminals, bank accounts and cards, electronic systems and wallets. The company does not charge any commission when withdrawing money, but money is withdrawn for every transaction made. The only exception is bank cards (2.1%).
Technical support is provided in five languages. But the site is translated into 30 languages. Separately, you should pay attention to leverage. On some instruments it reaches 1:500, which is unacceptable for a broker who is obliged to comply with the rules established by European regulators.
The broker works from Monday to Friday, according to standard hours for many companies. On weekends, only cryptocurrency is available for trading. On holidays, the broker works on a reduced schedule. The company publishes information about all changes in trading schedules on the website.
The company indicates on the site the legal address at which it is registered. It is real, as are the contact details. But recently there have been quite a lot of complaints that the support service does not answer phone calls. All licenses are also published on the website, although they can additionally be checked with the regulator.
|Regulation and jurisdiction
CySEC, FCA, ASIC
|Features of the company
Admiral Markets, despite many years of work, deceives clients. The site blocks accounts and does not return deposits, accusing users of violating the rules.
|Official website of the company
Admiral Markets Cyprus Ltd Dramas 2, 1st floor, 1077 Nicosia, Cyprus
- There are several licenses
- Many years of experience
- A large number of trading instruments
- Low threshold for entry
- Trading real stocks
- Limited time demo account
- Prohibition on trade to US citizens
- Few cryptocurrencies to trade
MetaTrader 4, MetaTrader 5, MetaTrader Supreme Edition, WebTrader
Demo, Trade.MT4, Trade.MT5, Invest.MT5, Zero.MT4, Zero.MT5
EUR, USD, GBP, CHF, BGN, RUB, RON, PLN, HUF, HRK, CZK
VISA, Mastercard, Qiwi, Skrill, Neteller, RBK Money, WebMoney, Яндекс.Деньги, PayPal
|Minimum deposit amount
From 1:25 to 1:500
Currency pairs, CFDs, stocks, indices, bonds, crypto commodities, metals
|Margin Call/Stop out
Citibank, Goldman Sachs, UBS, Deutsche Bank
Admiral Markets is a trading platform with a large number of assets. Provides services to users from all over the world for 20 years.
Reviews from clients
Traders need to carefully select trading platforms. Admiral Markets has been operating for a long time, but this does not stop the broker from deceiving clients.
The user says it is impossible to work with this broker. The rules on the site are constantly changing. Her account was blocked for $3,000 for violating a new rule that she had never even heard of. She wanted to find out the reason, but everything was explained to her in legal terms. The office is doing everything possible not to pay out money.
Another trader speaks negatively about the office. He says that the start of cooperation was good, excellent technical support. But as soon as he started earning money, the attitude towards him changed. The platform began to experience glitches, causing transactions to close on their own. He notes that this is a terrible broker.
Another user says that the broker is scamming people out of money. Margins drop over the weekend and reports come in that the account is approaching a stop-out situation. To prevent the position from being closed forcibly, you need to deposit additional money into the account. After making the next deposit, the margin increases, and then another drop is observed. After several deposits, the account will collapse.
Admiral Markets often resorts to kitchen tricks, as a result of which its reputation is rapidly deteriorating.
Terms of cooperation
Hundreds of different assets are available to traders on Admiral Markets. There are CFD contracts, more than 3,000 company shares, indices, commodities, bonds, more than 40 currency pairs, 30 cryptocurrencies. The broker’s commissions are low. And there are also assets that can be traded without commissions. If you choose a zero account, the spread will be minimal. It starts from 0 pips, with a commission per transaction of $1.8.
The trading platform offers a choice of several terminals, including those for mobile devices. The site has many charts and indicators that will help you in trading. The broker promises instant execution of orders. Technical support is provided in five different languages. You can contact support via online chat, email, or call the numbers listed on the site.
Professional traders and beginners can trade on the platform. A section with useful educational materials and videos has been created for novice investors. You can train on a demo account. Although the profit in it is virtual, the user can hone his skills on it, without risking investment capital. But there is one drawback – it is available for only 30 days.
The user, if he wants to become a client of the site, needs to register. The registration form includes information about the country of residence, client data, contact information, and a password is created. After this, you will need to verify your account. To do this, identity documents are uploaded to your personal account. After checking them, the client will be able to withdraw his profit.
The trading instruments offered by the broker are both a method of earning money and analytics. After filling out the questionnaire, signals, financial market news, a trading calendar, indicators, and trading signals become available to the trader. Thanks to these functions, the client can develop and put into practice strategies and increase the profitability of his account.
Often clients want to refuse the services of a broker. This has been happening quite often over the past few years. And the outflow of traders occurs because the broker often embezzles client money. To close a trading account, you need to go to your personal account, fill out a request and send it to the support service. After this, technical support will close the even record.
Brokerage companies, without exception, act solely in their own interests. And Admiral Markets is no exception. Only some companies try to quietly withdraw small amounts of money from the client, and some of them blatantly make money from gullible users, blocking accounts with money in the account, coming up with various reasons not to pay out the profit. This broker belongs to the latter category, as dozens of its clients have already seen.
The website of the site is made with high quality. It has convenient functionality and an intuitive interface. The company really invested in its development. At first glance, it seems that this is a decent broker, but if you take a closer look, you can reveal many unpleasant facts about the company. And fraud occupies the main place among them.
Conclusions about cooperation
The Admiral Markets trading platform looks decent. It has competitive commissions, low spreads, and a good section with educational materials. The site contains screenshots of licenses, their numbers and links to the websites of regulatory authorities. Moreover, the broker has been working for 22 years. Everything looks like a real paradise for traders. But not everything is as beautiful as the company tries to show.
There is a trail of fraudulent activities behind the trading platform. Company employees try to assure everyone that bad reviews are the mines of competitors, but this is not the case. The number of negativity about the company is growing every day, and this is an alarming sign for traders.
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The company’s rating and reputation largely depend on whether its clients are satisfied. The reviews about Admiral Markets are not the most flattering, and therefore you should take a close look at them before deciding to cooperate with this platform.
To add a review of this company on the resource, you do not need to spend a lot of time. The whole procedure takes no more than 5 minutes, and this is already with registration. A letter with a link to confirm registration will be sent to your e-mail, and it will also contain detailed instructions on how to add a review to the site.
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