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AdmiralTraders

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Operating status: SCAM

Website: https://admtrades.com/

Broker violations and abnormal records
  • 2024-05-12 BrokersView has reviewed that AdmiralTraders is an unregulated broker

    AdmiralTraders purports to be a regulated broker, providing only a registration number issued by the Companies House (CH) as evidence. However, it's crucial to understand that for a firm operating in the UK, mere registration with the CH does not equate to authorization from the Financial Conduct Authority (FCA). Furthermore, there are no records matching the broker on the FCA register, indicating a lack of the necessary authorization.

    In essence, AdmiralTraders is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.

    AdmiralTraders appears to be a scam.

    AdmiralTraders purports to be a regulated broker, providing only a registration number issued by the Companies House (CH) as evidence. However, it's crucial to understand that for a firm operating in the UK, mere registration with the CH does not equate to authorization from the Financial Conduct Authority (FCA). Furthermore, there are no records matching the broker on the FCA register, indicating a lack of the necessary authorization.In essence, AdmiralTraders is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.AdmiralTraders appears to be a scam.

Related Complaints

Q&A

Is AdmiralTraders good?

Hermann Walter
Anguilla
2024-06-27
ANSWER No, AdmiralTraders is not a safe choice. We strongly suggest you avoid using it.The platform claims to be a regulated entity, citing a registration number from Companies House (CH) as proof. However, it's important to note that in the UK, being registered with CH is not the same as being authorized by the Financial Conduct Authority (FCA). A thorough search reveals no matches for the broker on the FCA's register, suggesting that it does not have the required authorization.AdmiralTraders lacks oversight from any regulatory agency, making its offerings unreliable. To have a safer trading environment and a peaceful mind, investors are strongly advised to opt for fully regulated brokers over unregulated ones like AdmiralTraders.
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Do AdmiralTraders offer islamic account?

AmirS
Australia
2024-05-13
ANSWER We strongly advise against using AdmiralTraders, which is an unlicensed broker.This broker merely claims to be registered with the Companies House (CH) in an attempt to substantiate its legitimacy. However, it's crucial to understand that a broker operating in the UK without authorization from the Financial Conduct Authority (FCA) is functioning in an unregulated environment, as is the case with AdmiralTraders.Therefore, investors who deal with AdmiralTraders run the risk of losing their funds due to the lack of regulatory oversight. To mitigate such risks, we highly recommend that investors choose fully regulated brokers over unregulated ones like AdmiralTraders.
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