Adar Capital is a forex broker that was established in 2019. The company is registered in Saint Vincent and the Grenadines, which is known for its lenient regulatory environment regarding financial services. Adar Capital operates as a private entity under the ownership of Sonorous Group LLC. The broker primarily serves a global market, offering its services to traders worldwide.
Since its inception, Adar Capital has aimed to provide access to a wide range of financial markets, including forex, shares, indices, and commodities. The broker claims to facilitate trading in over 200 financial markets, catering to both retail and institutional clients. However, the company's rapid growth has been marred by numerous warnings from regulatory bodies regarding its legitimacy, raising concerns about its operational practices.
Adar Capitals business model focuses on retail forex trading, allowing clients to engage in trading major, minor, and exotic currency pairs. Despite its claims of extensive market access, the lack of regulation and transparency surrounding the broker's operations has led to skepticism about its reliability and integrity.
Adar Capital is notable for its lack of regulation. It is not overseen by any tier 1, tier 2, or tier 3 regulatory authorities, which raises significant concerns regarding the safety of client funds. The primary regulatory bodies that oversee brokers include:
Adar Capital does not possess any regulatory license number, and it operates without any oversight from these authorities. The absence of a regulatory framework means that client funds are not protected under any investor compensation schemes, and there are no guarantees for the safety of deposits.
Moreover, the broker does not have a clear policy on client fund segregation, which is crucial for ensuring that client funds are kept separate from the broker's operational funds. The lack of Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures further exacerbates the risks associated with trading with Adar Capital, as there are no safeguards against fraudulent activities.
Adar Capital offers a variety of trading products, primarily focusing on forex trading. The broker provides access to a range of currency pairs, including major, minor, and exotic pairs. While the exact number of available forex pairs is not specified, traders can expect to find popular pairs such as:
In addition to forex trading, Adar Capital claims to offer Contract for Difference (CFD) products across several asset classes, including:
The frequency of product updates and the introduction of new trading instruments is not publicly disclosed, leaving traders uncertain about the broker's commitment to expanding its offerings. The focus remains heavily on retail trading services, with no clear indication of institutional client services or white-label solutions.
Adar Capital utilizes a web-based trading platform that lacks the advanced features found in industry-standard platforms such as MetaTrader 4 (MT4) or MetaTrader 5 (MT5). The absence of support for these popular platforms is a significant drawback for traders seeking robust trading tools and automated trading capabilities.
The broker's proprietary web trader is described as basic, providing only fundamental functionalities without advanced technical analysis tools or automated trading options. There is no mobile application available for iOS or Android devices, which limits traders' ability to manage their accounts on the go.
Adar Capital's execution model is not clearly defined, and there is no information regarding the server locations or technical infrastructure that supports its trading operations. The lack of transparency regarding these aspects raises concerns about the reliability and efficiency of trade execution.
Adar Capital offers three types of trading accounts, each with varying minimum deposit requirements and trading conditions:
The leverage offered by Adar Capital can go up to 1:500, which is significantly higher than the regulatory cap established by the European Securities and Markets Authority (ESMA) of 1:30 for retail clients. This high leverage can pose substantial risks to traders, especially those who may not fully understand the implications of leveraged trading.
Adar Capital does not provide a demo account for potential clients to test the trading platform, which is a common practice among reputable brokers. Additionally, the broker's overnight fees and commission structures are not transparently disclosed, leaving traders to speculate on potential costs.
Adar Capital supports a limited range of deposit methods, including:
The minimum deposit requirement varies by account type, with the standard account requiring a minimum of €250. The processing time for deposits is not explicitly stated, which can lead to uncertainty for new clients.
The broker does not disclose any deposit fees, but clients should be cautious of potential hidden costs. Withdrawal methods are similarly limited, and clients may face challenges when attempting to withdraw funds. Reports indicate that withdrawal requests can be subject to lengthy processing times and may incur additional fees.
Adar Capital's withdrawal processing times can take anywhere from 4 to 7 business days, but there are no guarantees that clients will receive their funds. This lack of clarity and potential for delays raises concerns about the broker's reliability in managing client funds.
Adar Capital provides customer support primarily through email, with no indication of additional support channels such as live chat or phone support. The lack of comprehensive customer service options can hinder clients' ability to resolve issues promptly.
The broker operates without a clearly defined service time or timezone coverage, which may lead to further delays in communication. There is no information available regarding multilingual support, which could limit accessibility for non-English speaking clients.
In terms of educational resources, Adar Capital appears to offer minimal support. There is no mention of webinars, tutorials, or market analysis services that are commonly provided by more reputable brokers. The absence of trading tools, such as calculators or economic calendars, further diminishes the overall trading experience for clients.
Adar Capital claims to serve a global market, with a focus on regions such as Europe, the United States, and Australia. However, the broker's operations are not without restrictions. It is important for potential clients to verify whether their country allows trading with unregulated brokers.
Certain jurisdictions may have specific regulations that prohibit residents from engaging with offshore brokers like Adar Capital. The lack of transparency regarding which countries Adar Capital does not accept clients from raises additional concerns for potential investors.
In summary, Adar Capital operates as an unregulated forex broker with numerous red flags, including its offshore registration, lack of regulatory oversight, and limited customer support. Potential clients are strongly advised to exercise caution and conduct thorough research before engaging with this broker.
追风少年
Malaysia
My experience is okay. ADAR Capital is a platform that I find very useful and easy to use. The site has all the information you need and also the customer service is there.
37130
2023-02-22
FX1186285587
Argentina
ADAR Capital does not provide services in Spanish, does not have a regulatory license, and was established less than a year ago. I can't think of any reason why I should trade with him.
Positive
2022-12-16
FX1845152292
Japan
It started in February. Almost every day, I was chatting with the financial adviser, Mr. Sachi Mika. However, on April 21, I suddenly couldn't get in touch with my friend's image. My account is alive on the web. Because I want to regain the asset somehow, can you tell the way to the customer window and the person who is connected now?
Exposure
2023-04-27