Adamant Finance Review
Adamant Finance Review
Adamant Finance offers its clients a choice of three basic account types, Classic, MarketPro & MarketPrime. All of them offer market execution and fast execution speed – according to the broker’s website the speed of transaction is 0.1 sec. The highest leverage levels are available on the Micro commission-free account type, but unfortunately, here are also the highest spreads. Both Micro and MarketPro account types offer micro tradable lots for those unwilling to trade in large volumes.
In addition, Adamant Finance offers CopyFx account, intended for asset management.
The Company. Security of Funds
Adamant Finance is ECN/STP broker offering trading in more than 80 currency pairs, precious metals and index & stock CFDs via the most widely used MT4 platform.
Established in 2014, Adamant Finance Limited (doing business as Adamant Finance) operates under St. Vincent and the Grenadines (SVG) jurisdiction. SVG-based International Business Companies (IBC) provide financial brokerage services under the local regulatory regime, which is one of the most liberal ones. Registration procedure is simple and inexpensive, and therefore this Caribbean island is a popular jurisdiction for forex start-ups.
Although Adamant Finance looks like a decent brokerage, in case you are planning to invest a large amount of money, we would advise you to select another reliable jurisdiction where your money will be safe. For instance, regulation in Australia or Cyprus is well-balanced and there are a bunch of trustworthy licensed brokers.
Minimum Initial Deposit
In order to open an account with Adamant Finance, one has to deposit just $1. Most forex broker usually require more. For instance, another offshore company, LiteForex, demands $10 as a start.
Average Spreads & Commissions
As a NDD broker, Adamant Finance offers variable spreads. Typical spreads on MarketPro accounts amount to 0.7 pips on EUR/USD, and if we add the commission of $10 per standard lot round turn, trading costs for this pair are comparatively high for the forex market (around 1.7 pips per lot). The best spreads offered by this broker are on the MarketPrime account – averaged 0.2 pips for the EUR/USD pair with a commission of $8 round turn.
In comparison, Liteforex offers variable spreads averaged 1.1 pips on its ECN commission-free accounts. For further information, you may look up and compare real-time spreads of 15 leading brokers here.
The maximum leverage rates offered by this broker are very high, reaching 1:500. Although some jurisdictions cap leverage to levels considerably lower than this (1:50 in the US), many forex brokers offer leverage equal to or exceeding 1:500, or even higher. LiteForex, for instance, provides leverage up to 1:1000.
Adamant Finance supports the widely used MetaTrader 4 (MT4), available as a desktop download and mobile trading apps.
MT4 is the preferred trading software of most traders and that is why it is offered by the majority of brokerages. The platform provides all the necessary tools and resources for traders to analyze price dynamics of financial instruments (advance charting tools, built-in indicators, back-testing options), execute trade transactions and create & use automated strategies (Expert Advisors).
What is more, Adamant Finance provides VPS (Virtual Private Server) which offers a 24/7 access to a remote server with operational system installed. So you can be sure that even if your PC is turned off or you have no internet connection, your trading robots are working according to their built-in algorithms and follow the market situation.
At the time of writing this review, Adamant Finance offers a no-deposit bonus up to $50. It is available to new clients who deposit at least $200. Keep in mind that initial funds cannot be withdrawn and that the maximum withdrawal is $25.
Besides, a minimum of 100 transactions (no less than 6 lots) must be conducted and each transaction must be open for at least 60 seconds.
Methods of Payment
Adamant Finance offers its clients numerous payment options: via credit/debit card, wire transfer, and various e-wallets, such as Neteller, Skrill, WebMoney, Qiwi, PAYEER, advcash, Yandex, FasaPay, Perfect Money, CashU & Bitcoin.
Adamant Finance Review Conclusion
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