ADAR Capital Forex Broker

Note: ADAR Capital's official site - https://adarcapital.pro is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker. ADAR Capital Review Summary Company Name Sonorous Group LLC Registered Country/Region Saint Vincent and the Grenadines Regulation Non-regulated Market Instruments N/A Demo Account N/A Leverage 1:100 (Maximum) Spread From 0.0 pips Commission No Trading Platforms N/A Minimum Deposit €250 Customer Support Email: support@adarcapital.pro What is ADAR Capital？ ADAR Capital is a trading platform operated by Sonorous Group LLC, which is registered in Saint Vincent and the Grenadines. It's essential to note that the platform does not have regulatory oversight, indicating a lack of financial protections usually provided by regulatory bodies. As such, potential investors should exercise caution when considering the use of ADAR Capital's services due to these potential risks. Pros & Cons Pros Cons No Commission Charged High Minimum Deposit Low Spread Limited Customer Support Non-regulated Dead Website Pros: No Commission Charged: One significant advantage is that ADAR Capital does not charge any commission on trades, making trading cost-effective from their end. Low Spread: ADAR Capital offers competitive spreads starting from as low as 0.0 pips which can lower the cost of each trade, a feature that is generally advantageous for traders. Cons: High Minimum Deposit: The high minimum deposit required to open the premium and platinum accounts might be a barrier for those with lesser capital to invest. Limited Customer Support: Their customer support is limited to email only, which could lead to slower response times and leave traders without timely assistance when needed. Non-Regulated: Being non-regulated, ADAR Capital operates without the protections afforded by regulatory oversight, potentially placing traders' funds at a higher risk. Dead Website: Their currently inaccessible website can be a major concern as it limits access to essential information and makes the platform's operations less transparent. Is ADAR Capital Safe or Scam？ Regulatory Sight: ADAR Capital is currently not overseen or regulated by any recognized financial authority. This means that it does not adhere to the stringent guidelines set by regulatory bodies to protect investors. User Feedback: Users should check the reviews and feedback from other clients to gain a more comprehensive sight of the broker, or look for reviews on reputable websites and forums. Security Measures: So far we haven't found any information about the security measures for this broker. Account Types ADAR Capital offers three types of accounts: Standard, Premium, and Platinum. Standard Account: This is the most basic account, suitable for beginners or those who prefer to start with a smaller investment. The minimum deposit required is €250. As it's meant for those with lower capital, it might offer less advantageous trading conditions compared to other account types. Premium Account: This account type is a step up from the Standard account. It requires a minimum deposit of €2,500. It offers better trading conditions compared to the Standard account, given the higher investment. Platinum Account: The Platinum account is the highest tier offered by ADAR Capital. It requires a substantial minimum deposit of €25,000 and provides the best trading conditions among the three, justified by the higher investment commitment. It's worth noting that while smaller initial deposits limit losses, they also cap potential returns. Traders should choose the account type that best suits their investment capabilities and risk tolerance. Leverage ADAR Capital provides a maximum leverage of 1:100. This means that for every dollar invested, traders can trade with up to $100. In comparison to other platforms that can offer leverages up to 1:500, the leverage provided by ADAR Capital is relatively low. This reduced leverage might limit both the potential profits and losses for traders, which could be seen as a more conservative approach to trading. Spreads & Commissions ADAR Capital offers competitive spreads starting from as low as 0.0 pips. Lower spreads can be advantageous for traders as they reduce the cost of each trade. In addition to this, ADAR Capital does not charge any commissions on trades. Therefore, the cost of trading is included in the spread and there are no additional transaction fees for each trade conducted. This can offer a straightforward cost structure for traders. Customer Support ADAR Capital provides customer support primarily through email. Their customer service can be reached by sending an email to support@adarcapital.pro. However, the range of their customer support is not as comprehensive as one might expect. The current unavailability of their official website also raises questions about the platforms reliability and the extent of their customer support, such as the presence or absence of live chat, callback services, FAQ sections, or 24/7 service. This limited customer support could potentially leave traders without timely help when they most need it. Conclusion Overall, ADAR Capital is a broker with some favorable attributes - no commission and low spread. However, major red flags include its non-regulated status, limited customer support, and currently inaccessible official website. Given these concerns, we do not recommend users to trade on this broker. Frequently Asked Questions (FAQs) Q: Is ADAR Capital regulated by any financial authority？ A: No, ADAR Capital is not currently regulated by any recognized financial authority. Q: What is the minimum deposit required to open an account with ADAR Capital？ A: The minimum deposit requirement to open a standard account with ADAR Capital is €250. Q: What maximum leverage does ADAR Capital offer？ A: ADAR Capital offers a maximum leverage of 1:100. Q: Does ADAR Capital charge any commission on trades？ A: No, ADAR Capital does not charge any commission on trades. Q: What are the starting spreads offered by ADAR Capital？ A: ADAR Capital offers competitive spreads starting from 0.0 pips. Q: Is ADAR Capital a good choice or not？ A: ADAR Capital is not a good choice due to its shut-down website, no valid regulation and limited customer support. 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 provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.