Tag: Admirals

Admirals
December 20, 2023 BY Simon Mugo

Admirals Partners With Onfido for European Clients Verification

Integrating Onfido's advanced AI-driven identity verification technology is set to bolster security, reduce fraud, accelerate the onboarding process, and ensure adherence to diverse regulatory standards. With Onfido's sophisticated document and biometric verification solutions, Admirals will be able to authenticate user identities more effectively and identify fraudulent activities during the onboarding phase. This enhancement is expected…

Read more
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…

Read more
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.…

Read more
Admirals
December 30, 2022 BY Steffy Bogdanova

Admirals secures license in Kenya

Admirals obtained license in South Africa to provide execution services in CFDs to retail and professional clients earlier in June 2022. As part of its expansion in South Africa, the company also opened an office in Cape Town. The global financial technology company further announced on Thursday that its Cypriot and South African business arm…

Read more
Admirals
September 01, 2022 BY Alan Sayer

Admirals H1 Net Trading Income Surges 149%

However, despite the rise in net income, and value of trades, the number of trades fell by 2% to 28.7 million from 29.2 million in the first half of 2021. In addition, the number of active clients declined 17% to 33,493, and the number of active accounts fell 15% to 41,227. Admirals stated that the…

Read more
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,…

Read more
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…

Read more
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…

Read more
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…

Read more