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Abstract:Admirals (previously Admiral Markets) has increased its service offering and trading solutions by adding additional markets, namely over 300 US stock CFDs on MetaTrader 5.
As more brokers migrate the business to the MT5 terminal, it is critical to expanding the platform's asset and product base in order to serve its full customer base.
In a recent statement, the broker notified its customers about the additional additions with an initial concentration on blue-chip businesses listed on US markets. Roku, DoorDash, Data Dog, and much more US-focused and internationally famous firms are among them. However, the ultimate objective of the company is to develop its service to include single-stock CFDs for other firms internationally, which will be introduced gradually.
The new additions expand the amount of traded assets at Admirals to 3,600 items, spanning stocks, FX pairings, commodities, indices, ETFs, and cryptocurrency markets.
The justification for adding new assets has been building in recent years as the company's customers from various countries, including fund managers, hedge funds, and commodities trading advisers, are ready to actively trade local equities.
“With over 3,600 additional leveraged CFD products covering Indices, Commodities, Currencies, Stocks, and ETFs, the new additions provide a complete variety of options for even the most diversified investing plans,” according to the statement.
About Admiral Markets
Admirals are regulated by the Financial Conduct Authority (FCA) in the United Kingdom, the Australian Securities and Investments Commission (ASIC), and the Cyprus Securities and Exchange Commission (CySEC). The regulatory permissions enable the brokerage business to provide a variety of financial services, and it is also authorized to provide cross-border services within the EU / EEA under European passport rights. The company's headquarters are in Estonia, Jordan, Cyprus, Malaysia, and the United Kingdom.
Admirals' financial numbers improved considerably in 2022. In August, the firm reported net operating revenue of €43 million, up from €35.7 million for the whole year of 2021. The sum was also raised by over 150 percent year-over-year from €17.3 million in 2021.
Meanwhile, the bottom line number reveals that Admirals' EBITDA and net profit were €24.3 million and €23.3 million, respectively. The firm narrowly broke even in 2021, with a net profit of €0.1 million in the year ending December 2021.
You can find out more of Admiral Markets news here: https://www.wikifx.com/en/dealer/0361967978.html
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The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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