Admiral Markets Review 2023 – Many Users Struggle to Withdraw Funds
The online CFD and forex broker Admiral Markets it’s a popular choice among traders. They have over 90,000 active users today. They offer their services globally, operating out of the UK. Some of their regional offices include Australia and Estonia. They’ve been in business since 2001. They maintain the proper registrations with the relevant regulators, including the UK’s FCA and the Cyprus-based CySEC. Anyone trading with Admiral Markets has the consumer protections that these agencies provide.
Getting Started with Admiral Markets
Those interested in Admiral M Broker can set up a demo account to familiarize themselves with the platform before making an initial deposit. The minimum for this deposit is $200, about the middle of the road for similar brokers. They offer their services in several languages. Users can make their deposits through most of the popular online payment processors.
Admiral Markets Trading Platforms
Ad Markets Broker offers both MetaTrader4 and MetaTrader5. These are the two current versions of the most popular online trading platform. They also have a custom Web Trader platform if users would prefer to trade that way. They have a mobile app that is on both Android and iOS stores. Their app has some neat features and a good variety of automatic trading tools.
Account Bonuses
Broker offers a few different kinds of bonuses. This raises a few red flags, as the ESMA forbids many types of account bonuses. Admiral Club points provide users with a small premium on every trade they make. There are deposit bonuses on initial deposits over $15,000. This broker does not make the exact amount of these bonuses known to the public.
Negative User Reviews
In conclusion, the consensus among online user reviews is that traders should avoid this broker. The most common complaint is about difficulties making withdrawals. Many investors say that they are unable to withdraw their earnings due to complicated and unclear verification processes. They say that they cannot become an authorized users through Admiral Markets system, cutting them off from their funds.
Unable to Withdraw Your Funds?
Registered brokers have to meet certain conditions to maintain their registration. Are you having difficulties making withdrawals from your broker? Our team understands the most effective ways to process these issues. Call us today for a free consultation. With the details of your case, we’ll be able to determine if our fund retrieval system can work for you.
Is Admiral Markets regulated?
Admiral Markets has CySEC regulation along with the license from FCA and AFSL (Australian Financial Services License). It is operating under the name Admiral Markets UK Ltd, Admiral Markets Cyprus Ltd, and Admiral Markets Pty Ltd. Be aware that AFSL is a non-government organization, not the official Australian regulator (ASIC).
What trading platforms does Admiral Markets use?
Admiral Markets offers its clients MT4 and MT5 trading platforms. Clients can choose what is more suitable for them. Besides these platforms, Admiral Markets also has a web trader. In some cases, only one of the platforms is available, depending on the entity of Admiral Markets you belong to.
Is Admiral Markets a good broker?
When it comes to Admiral Markets, the most common users complaint is that they have a hard time withdrawing their funds. According to reviews, Admiral Markets has a complicated and unclear verification procedure, which makes it impossible to withdraw the money.
