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Admiral Markets Forex Broker Review

by forex on June 26, 2009

About Admiral Markets Forex Broker

admiral-markets-1Admiral Markets Forex Broker is a Russian company, and is not regulated by any financial body. This forex broker has been trading online since 2002. They only have two funding and withdrawal options, which are WebMoney and the usual bank transfer. Not surprisingly, Admiral Markets Forex Broker only requires $10 to open an account.

However, there are a lot of unsatisfied clients from Admiral Markets Forex Broker. Some customers report that they forwarded money to open an account with Admiral Markets Forex Broker, however the company representatives claim that they did not receive any deposits. This is not to say that Admiral Markets Forex Broker is a scam, for at this moment there is no proof that their operations are entirely bogus. We recommend that you take caution before you decide to forward your money to Admiral Markets Forex Broker.

Basic Broker Details

Site http://www.fxservice.com/
Country of Origin Russia
Accepted Deposit Modes Bank transfer, WebMoney
Withdrawal Method Bank transfer, WebMoney
Leverage 1:200, 1:100, 1:50, 1:10
Regulation Body Not regulated
Spread 2 pips (EUR or USD)
Minimum Account Requirement $10

Pros of Admiral Markets Forex Broker

* Very low minimum account opening

* MetaTrader 4 support

Cons of Admiral Markets Forex Broker

* Needs to work with customer confidence

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