Armada Markets review

On-line since: 2011
Country of origin: Estonia
Regulation: Ministry of Economic Affairs and Communications of Estonia
Payment options: Bank Transfer, Credit Card, Debit Card, Neteller, Fasapay, China Union Pay
Minimum account size: $100
Minimum lot size: -
Leverage: 1:500
Spreads: fixed

About the company:

ECN broker Armada Markets was founded in 2011 in Estonia. The Ministry of Economic Affairs and Communications of Estonia is the regulator. At the time of writing the review, the broker does not operate, the company's website is blocked. The company was acquired by another investment broker, TickMill. Information about the broker Armada Markets is collected from public sources.

The company highlights its main advantages as fast order execution, low spreads, absolute transparency and the latest trading technologies. The company website is available in the following languages: Chinese, English, Estonian, Indonesian, Japanese, Polish and Russian.

Trading conditions

The broker gives its clients access to two types of trading accounts: Classic and Exchange. Novice traders can improve their skills using the free demo account available on the company's website. Forex, Stocks, Precious Metals, Shares and CFDs are the only assets available for trading. To start trading, you need to register an account and make a minimum deposit of $100. The broker runs monthly contests for users of demo accounts with a prize of $20,000. There is also a welcome bonus for the first deposit from $500. Unfortunately, we could not find information about affiliate programs and trust management of accounts.

Trading platforms

Armada markets gives you access to the renowned MetaTrader 4 platform, as well as a browser version and a mobile app.

Technical support

According to the broker, the technical support service is ready to solve any issue 24/5. You can contact by phone +3726863163, via mail info@armadamarkets.com or through the live chat window on the site, if it worked.

Deposit/Withdrawal

The broker's clients can withdraw funds or deposit their account in the following ways: Bank Transfer, Credit Card, Debit Card, Neteller, Fasapay, China Union Pay.

Traders reviews

We were only able to find reviews from 2016. All of them are positive. Probably, after this time, the broker ceased to conduct activities.

Positive reviews

• MetaTrader 4
• Technical support contacts
• Welcome deposit

Negative reviews

• Site blocked
• The broker is not active

Conclusion

Since the broker is not currently active, only one conclusion can be drawn. When choosing a broker for cooperation, be guided by the reliability of the broker, check the current reviews of traders and the presence of international regulatory bodies.