Tag: Admiral Markets

Admirals
May 19, 2023 BY Steffy Bogdanova

Admirals announces restructure and withdrawal of Estonian license

Admirals stated: The restructuring stems from the fundamental necessity and choice to expand the Group’s presence globally, as the Company has substantially positioned itself in new regions during recent years. The on-going change shall have no impact on the existing Group’s clients. Albeit the restructuring, Estonia remains the Company’s strategic location. The Company continues to…

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Admirals
March 01, 2023 BY Steffy Bogdanova

Admirals sees €69 million revenue in 2022

Admirals onboarded 16,113 new clients in 2022, which is a 16% decline from the previous year due to the pandemic's effects. However, the number of active clients strengthened by 13% to 55,242. The average amount of trades executed by each client was 1,068, and the net trading income per client increased by 72% to €1,249.…

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Admirals
March 31, 2022 BY Steffy Bogdanova

Sami Hamed joins Admirals as CEO of Jordan business

He started his career as Customer Service Officer and Teller Officer at The Housing Bank for Trade & Finance, where he worked between 1994 and 1999. Hamed holds a Bachelor’s degree in Economics as a Major, Financial Banking as a Minor, and a Master’s degree in Economics from Yarmouk University in Jordan. Earlier in March,…

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Admirals
March 01, 2022 BY Steffy Bogdanova

Admirals report 43.9% fall in its 2021 revenue

Admiral Markets AS brought in €20.5 million of the total revenue. The Estonia-regulated entity of the group generated €0.9 million in net profit. The company stated: We’ve all seen how COVID-19 has shaken up the markets. The first half of 2020 was unique in terms of high market volatility, which made for a strong start…

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Admirals
February 23, 2022 BY Steffy Bogdanova

Estoninan regulator slaps Admiral Markets with €20,000 fine for reporting errors

Many companies in the retail industry use the services of third-party firm for these reporting tasks. Admiral Markets AS also uses assistance of qualified and professional service providers for reporting. Admiral Markets stated: The company has made every effort to properly comply with its reporting obligations and to correct any errors identified in cooperation with…

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Forex Weekly Look Back
June 25, 2021 BY Steffy Bogdanova

Forex Weekly Look Back: BDSwiss’ CRO talks about performance and outlook, CME FX Link integrates with Bloomberg

ASIC announced that Societe Generale Securities Australia Pty Ltd (SGSAPL) has met the additional Australian financial services (AFS) licence conditions imposed on the company and they were removed on 3 June 2021. The licence conditions imposed on SGSAPL in June last year required the company to appoint an independent expert to assess and test the…

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Admirals
June 22, 2021 BY Steffy Bogdanova

Admirals open a regulated subsidiary in Jordan

Sergei Bogatenkov, the CEO of Admiral Markets AS, commented: The Middle East and North Africa region is home to 600 million people, which means a great potential for us to grow our customer base and gain a larger market share, while looking to provide the opportunity for people in the region to experience the joys…

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Admiral Markets rebrands to Admirals
March 05, 2021 BY Steffy Bogdanova

Admiral Markets rebrands to Admirals

Sergei Bogatenkov commented: This does not capture the full scope of what we do anymore. We are more than a broker. We have been expanding our product offering and are adding new services. We are a global financial hub disrupting the FinTech world on a global scale. Our aim is to streamline personal finance for…

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