Abstract:Many people like Admiral Markets for various reasons, but they often ignore its red flags. Before investing with any broker, it's important to understand the risks involved. If you're not careful, you could fall victim to a scam. Be Scam Alert and make sure you know the risks before choosing Admiral Markets.
Many people like Admiral Markets for various reasons, but they often ignore its red flags. Before investing with any broker, it's important to understand the risks involved. If you're not careful, you could fall victim to a scam. Be Scam Alert and make sure you know the risks before choosing Admiral Markets.
1. Regulatory Issues – One major drawback for some traders is that Admiral Markets is not available in certain major countries. Due to regulatory restrictions. These regulations can vary significantly from one country to another, and if a broker does not meet the local legal requirements, it cannot legally offer its services there. This can be frustrating for traders living in such regions, as they may not be able to open an account, access the platform, or receive customer support.
2. Technical Glichtes- One of the risks associated with Admiral Markets is the possibility of technical glitches. Like any online trading platform, system errors, platform outages, or connectivity issues can occur, potentially disrupting trade execution or access to the account at critical moments. Such technical problems can be especially concerning for active traders who rely on real-time data and timely order placements. Delays or failures in executing trades during high-volatility periods can lead to financial losses or missed opportunities.
3. Withdrawal / Refund Issue – When we reviewed user feedback to understand the broker's reputation and credibility, we found that many people were sharing their negative experiences. On WikiFX, we found that there are 26 reviews for Admiral Markets, and 16 of them are negative. It says a lot about the platform. Below are some of the negative reviews shared by users on the internet.
User 1 - “Admiral used that profit to do other things without explanation, appropriating profits without cause and without understanding the definition of mispricing. Meanwhile, Admiral blamed the customer for a pricing error that Admiral himself did not understand”.
User 2- “This was a huge lesson for me when I put my trust in Admiral in the wrong place. Meanwhile, they are defrauding customers who trust them with too much money.”
User 3- “They said they needed to review my account. Two days later, they claimed that my account had violated their Terms and Conditions and only allowed me to withdraw the deposited amount, not the profits. I don't understand where I went wrong. Therefore, I suspect that Admirals SC Ltd. Deceived me and seized my property”
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User 4 -“My experience with Admirals has been deeply disappointing, prompting me to question its credibility as a trading platform. Despite Admirals holding a regulatory license, their platform's performance has been notably substandard, particularly during times of significant market movement”.
User 5-“ You can't withdraw money from your account because the bank returns the transfer because Admirals is blacklisted with a bad reputation and offering cryptocurrency that is banned for most banks. I call Admirals support and they laugh and make fun of me. Run away from them! I don't have such problems with Interactive Brokers and Trading 212, which are light years better than Admirals”.
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Please note: This article is for informational purposes only and does not constitute financial advice.
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