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AdamantFX foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://adamantfx.io/sign-up/, about the company's legal and temporary regulatory information, the company's address .

AdamantFX Forex Broker

Basic Information

Registered Region

United Kingdom

Operating Period

Company Name

AdamantFX

Abbreviation

AdamantFX

Company employee

Customer Service Email Address

compliance.en@adamantfx.io

Contact Number

+442039663707

Company Website

https://adamantfx.io/

Keywords

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

Company profile

Note: For some unknown reason, we cannot open Adamant FXs official site (https://adamantfx.io/) while writing this introduction, therefore, we could only gather relevant information from the Internet to present a rough picture of this broker. Risk Warning Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only. General Information & Regulation Adamant FX is presented as a UK-based forex broker offering a wide selection of tradable financial instruments, with leverage up to 1:500 on the MT4 and Status Web Trader trading platforms, as well as a choice of six different live trading account types and 24/7 customer support service. Here is the home page of this brokers official site: As for regulation, it has been verified that Adamant FX does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.36/10. Please be aware of the risk. Market Instruments Adamant FX advertises to offer a selection of over 300 forex pairs and CFDs on indices, commodities and stocks. Account Types There are 5 different account types offered by Adamant FX, namely real account, cent account, demo account, mini or micro accounts and forex investment accounts. Each of them is tailored to the specific needs of traders and investors. Flexible account types allow you to choose the option that best suits your style and level of trading. Besides, there is a division between start-level accounts and professional-level accounts. Start-level accounts are divided into three accounts: Newbie, Depositor and Progressive, requiring a minimum deposit of $250, $1,000 and $5,000 respectively. Professional-level accounts are also divided into three accounts: Elite, Advanced and Premium, requiring much higher minimum deposit requirements of $25,000, $50,000 and $100,000 respectively. Leverage In terms of trading leverage, Adamant FX hasnt made this clear on their website, but when we installed it MT4, we were provided with 1:500 which will suit all trading strategies. Keep in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage. Spreads & Commissions The broker hasn‘t disclosed any spreads, and we could’ test Adamant FXs MT4 in a demo environment either. However, Adamant FX appears to collect upfront a 20% commission. Trading Platform Available When it comes to trading platforms available,Adamant FX gives traders two choices: MetaTrader4 and Status Web Trader. The MT4 has stood the test of time and continues to be the preferred platform of many traders 16 years after its official launch. This piece of trading software provides a variety of technical indicators, an advanced charting package and the ability to develop and use Expert Advisors (EAs). Deposit & Withdrawal Adamant FX says to accept payments with credit/debit cards like VISA and MasterCard as well as Paytrio Tinkbit and crypto coins. If you have paid with VISA or MasterCard, you will have the option to file for a chargeback in case you realize you have been scammed. The minimum withdrawal amount is $250. Customer Support The Adamant FX customer service can be reached through telephone:+442039663707, +34919491467, +74959574841, e-mail:compliance.en@adamantfx.io, compliance.ru@adamantfx.io, compliance.it@adamantfx.io, compliance.sp@adamantfx.io, compliance.de@adamantfx.io. However, this broker doesnt disclose other more direct contact information like the company address that most brokers offer. Pros & Cons Reviews Donnelly Eugene - Dec 13th, 2021 Keep away from them, you will lose your money. After your deposit and investment, you will never have the chance to take them back. Either you will lose it all or if you manage to make some earnings they will never give them to you back and they will keep writing excuses to you just to avoid you. G - September 3rd, 2021 Do yourself a favour and do not engage with this company. I have had a very bad experience with them and lost some money. I have even been sworn at during conversations with their ‘representatives’! As David says they are scammers and will push the scam as far as they can. If you are interested in FX then use licensed brokers that are regulated. Martin - June 10th, 2021 I was also defrauded … When paying out there were always problems, always others on the phone … In the case of disbursement wiping banks stated that they did not exist and always a fee to be paid in advance … Unfortunately noticed too late … Can talk too well … because you are a good person … I hope for Charma … these guys should ***. There are people who (were) dependent on money. My damage is 20,000 +… ..was so stupid that I paid with crypto. HANDS OFF !!!!! Never see the money again. David Evans - March 23rd, 2021 I was scammed too. They seem like nice people at first and then it turns sour as you try to withdraw the funds. These people are thieves and will one day end up in prison. David Burton - January 9th, 2021 This is a SCAM SCAM SCAM!!!!. Sadly I fell for the sweet-talking ‘Manager’ of my account, who made me feel like a friend and that he was truly there to help me. Took my money and then didnt contact me again. This place needs to be closed down ASAP.

AdamantFX broker review

Is AdamantFX safe or scam

Rating Index

Premium

Minimum Deposit

100000$

Advanced

Minimum Deposit

50000$

How to login to AdamantFX?

Adamantfx Complete Account Guide: Registration, Account Opening, and Login Processes This guide provides a comprehensive overview of the processes involved in registering, opening an account, and logging into the Adamantfx trading platform. Whether you're a beginner or an experienced trader, this gu

Adamantfx Forex Broker - Comprehensive Information Guide

1. Broker Overview

　　Adamantfx is an online forex broker that has been operational since 2008. The company is registered under the name Widdershins Group Ltd and is headquartered in Roseau Valley, Dominica. As a privately held entity, Adamantfx primarily serves retail clients in the forex trading market, offering a wide range of financial instruments. Over the years, Adamantfx has aimed to provide competitive trading conditions and a user-friendly trading experience.

　　The broker operates on the MetaTrader 4 (MT4) platform, which is widely recognized in the trading community for its robust features and functionality. Adamantfx has positioned itself as a broker catering to both novice and experienced traders by offering various account types and trading options. Despite its long-standing presence in the market, the company has faced scrutiny regarding its regulatory status and operational practices.

　　The business model of Adamantfx focuses on retail forex trading, providing access to various asset classes, including forex pairs, commodities, indices, and cryptocurrencies. However, the lack of transparency regarding its regulatory compliance raises concerns about the safety of client funds and the overall integrity of its operations.

2. Regulation and Compliance Information

　　Adamantfx is currently not regulated by any major financial authority, which poses significant risks for potential investors. The broker has been blacklisted by the UK's Financial Conduct Authority (FCA), indicating that it operates without proper authorization. This lack of regulation means that clients do not benefit from the protections typically afforded by regulated brokers, such as segregated accounts and investor compensation schemes.

　　The absence of a regulatory license raises questions about the broker's legitimacy and the safety of client funds. Clients should be aware that trading with unregulated brokers can lead to potential losses without recourse. Adamantfx does not provide specific details regarding its KYC (Know Your Customer) and AML (Anti-Money Laundering) compliance measures, which further complicates the assessment of its operational integrity.

　　Overall, the lack of oversight from recognized regulatory bodies leaves clients vulnerable, as there are no guarantees regarding the security of their investments with Adamantfx.

3. Trading Products and Services

　　Adamantfx offers a diverse range of trading products, primarily focusing on forex trading. The broker provides access to more than 300 forex pairs, including major, minor, and exotic currency pairs. In addition to forex, Adamantfx also offers Contracts for Difference (CFDs) on various asset classes such as:

Indices: Major global indices
Commodities: Precious metals, energies, and agricultural products
Stocks: Shares of prominent companies
Cryptocurrencies: Major cryptocurrencies like Bitcoin and Ethereum

　　The broker claims to update its product offerings regularly to meet market demands. However, specific details on the frequency of updates or the introduction of new products are not disclosed.

　　Adamantfx primarily targets retail traders, providing them with a platform to trade various financial instruments. However, it does not appear to offer specialized services for institutional clients, such as white-label solutions or asset management services, which limits its appeal to a broader audience.

4. Trading Platforms and Technology

　　Adamantfx supports the MetaTrader 4 (MT4) platform, a well-established trading platform renowned for its advanced features and user-friendly interface. The platform includes a variety of technical indicators, customizable charts, and the ability to automate trading through Expert Advisors (EAs).

　　In addition to MT4, Adamantfx also provides access to a web-based trading platform known as Status Web Trader, which offers basic trading functionalities suitable for casual traders. However, there is no indication that the broker has developed proprietary trading software.

　　For mobile trading, Adamantfx supports the MT4 mobile application, available for both iOS and Android devices, allowing traders to manage their accounts and execute trades on the go.

　　The execution model used by Adamantfx is not explicitly stated, leading to uncertainty about whether it operates as a Market Maker, STP (Straight Through Processing), or ECN (Electronic Communication Network) broker. Additionally, the broker does not disclose information regarding server locations or the technical infrastructure supporting its trading operations.

5. Account Types and Trading Conditions

　　Adamantfx offers several account types designed to cater to different trading preferences and experience levels. The available accounts include:

Beginner Account: Minimum deposit of $250
Depositor Account: Minimum deposit of $1,000
Progressive Account: Minimum deposit of $5,000
Elite Account: Minimum deposit of $25,000
Advanced Account: Minimum deposit of $50,000
Primo Account: Minimum deposit of $100,000

　　The broker's standard account conditions include competitive spreads, typically starting at 0.6 pips for major currency pairs, although specific spread details are not always disclosed.

　　Leverage offered by Adamantfx can reach up to 1:500, which allows traders to amplify their positions but also increases the risk of significant losses. The minimum trade size across accounts is set at 0.01 lots, catering to both small and large traders.

　　Additionally, Adamantfx does not provide clear information on overnight fees or swap rates, which are essential for traders who hold positions overnight.

6. Fund Management

　　Adamantfx supports a variety of deposit methods, including:

Bank Transfers
Credit/Debit Cards: Visa and Mastercard
Electronic Wallets: Payoneer and others

　　The minimum deposit requirement is $250 for the beginner account, with processing times for deposits typically ranging from instant to a few hours, depending on the method used. However, specific deposit fees are not disclosed.

　　Withdrawal options mirror the deposit methods, allowing clients to withdraw funds using bank transfers and credit/debit cards. The minimum withdrawal amount is set at $250, and processing times can vary, often taking several business days.

　　Withdrawal fees are not clearly outlined, raising concerns about potential hidden charges that may apply when clients attempt to access their funds.

7. Customer Support and Educational Resources

　　Customer support at Adamantfx is available through various channels, including:

Phone: Multiple international numbers
Email: Multiple compliance-related email addresses
Live Chat: Available on the website

　　The support team operates across different time zones, although specific service hours are not explicitly stated. Adamantfx primarily offers support in English, with no indication of additional language support.

　　In terms of educational resources, Adamantfx provides limited materials, including market analysis, economic calendars, and trading tools like calculators. However, comprehensive educational content such as webinars or in-depth tutorials is lacking, which may hinder novice traders seeking to improve their skills.

8. Regional Coverage and Restrictions

　　Adamantfx primarily targets clients in various regions, although it does not specify the exact markets it serves. The company operates without regional offices, relying on its online presence to reach a global audience.

　　However, potential clients should be aware that Adamantfx may not accept customers from certain countries due to regulatory restrictions. Specific countries where clients are not accepted are not disclosed, but it is advisable for traders to verify their eligibility before attempting to open an account.

　　In summary, while Adamantfx presents itself as a forex broker with various trading offerings, the lack of regulation, transparency, and comprehensive support raises significant concerns for potential investors. It is essential for traders to conduct thorough research and consider safer, regulated alternatives before engaging with Adamantfx broker.

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