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    Scam Alert: Why Admiral Markets Shouldn’t Be on Your Investment Radar

    Admiral Markets, Admiral Markets scam, Admiral Markets review, Admiral Markets reviews 2023, Admiral Markets market,
    Admiral Markets is a forex and CFD broker that has been in operation since 2001. The company is headquartered in the UK and is regulated by the Financial Conduct Authority (FCA). However, there have been some allegations that Admiral Markets is a scam.

    Company Overview

    Admiral Markets is a multi-award winning broker that offers a wide range of trading products, including forex, CFDs, stocks, indices, and commodities. The company has a user-friendly trading platform and offers a variety of educational resources for traders.

    Does Admiral Markets Have Any License?

    Yes, Admiral Markets is licensed by the Financial Conduct Authority (FCA) in the UK. The FCA is one of the most respected financial regulators in the world.

    Is Admiral Markets Regulated By Any Authority?

    In addition to the FCA, Admiral Markets is also regulated by the following authorities:
    • Cyprus Securities and Exchange Commission (CySEC)
    • Estonian Financial Supervision Authority (EFSA)
    • Australian Securities and Investments Commission (ASIC)
    • Jordan Securities Commission (JSC)
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     Pros and Cons

    Pros:

    • Regulated by top-tier regulators
    • Educational resources for traders

    Cons:

    • High spreads
    • No phone support
    • Some negative reviews online

    How Does Admiral Markets Reach To Their Prey?

    Admiral Markets targets new traders with aggressive marketing campaigns. The company often uses social media and online ads to reach potential clients. Admiral Markets also offers free trading courses and webinars, which can be a way to attract new traders.

    Technical Details

    Minimum Deposit:

    The minimum deposit for an Admiral Markets account is $100.

    Trading Platform:

    Admiral Markets offers the MetaTrader 4 and MetaTrader 5 trading platforms. These platforms are popular among traders because they are easy to use and offer a wide range of features.

    Spread:

    The spreads on Admiral Markets accounts are competitive. The average spread for EUR/USD is 0.8 pips.

    Leverages:

    Admiral Markets offers leverage up to 1:500. However, it is important to note that high leverage can magnify losses as well as profits.

    Packages and Products They Offer

    Admiral Markets offers a variety of trading packages, including:

    • Standard account: This account has a low minimum deposit and no commission. However, the spreads are wider than on other accounts.
    • Pro account: This account has a higher minimum deposit but lower spreads. It also offers access to more trading features.
    • Zero account: This account has zero commissions but wider spreads.

    Withdrawal and Deposit Method

    AdmiralMarkets offer a variety of withdrawal and deposit methods, including:

    • Bank wire transfer
    • Credit card
    • Debit card
    • Skrill
    • Neteller

    What Do Their Previous Traders Say?

    There are some negative reviews about Admiral Markets online. Some traders have complained about high spreads, slow customer support, and difficulty withdrawing funds.

    Summing Up- Why Should Not You Trust Admiral Markets

    Despite being regulated by top-tier regulators, there are some reasons why you should not trust Admiral Markets. The company has high spreads, no phone support, and some negative reviews online. Additionally, Admiral Markets has been accused of using aggressive marketing tactics to target new traders.

    If Bad Things Happen, Where Can You Get The Quick Solution?

    If you have lost money with Admiral Markets, you may be able to get your money back through a chargeback or a refund. You can also contact a financial recovery company for help.

    You can also contact us to get a free consultation if you lose money. We will provide you with some service recommendations that will help you to recover the lost fund.

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      Final Thoughts

      Admiral Markets is a regulated broker, but there are some reasons why you should be cautious about using their services. If you are considering trading with Admiral Markets, it is important to do your research and understand the risks involved.

      If you are looking for a reliable forex and CFD broker, we recommend that you choose a different company. There are many reputable brokers out there that offer better services and lower fees.

      You Can Read Our Other Scam Reviews

      Kenneth Williamson

      Kenneth Williamson

      Kenneth Williamson serves as the primary news writer at BCA, bringing his expertise in online marketing to produce high-quality industry coverage. His unwavering commitment to helping individuals and businesses succeed in the digital realm is evident in his writing. Additionally, Kenneth provides top-notch technical SEO and copywriting services to businesses of all sizes.

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