Armada Markets Review

Company Armada Markets AS
Established in 2011
Online since 2011
International Offices Estonia
Payment Methods Credit Cards, Debit Cards, MoneyBookers and Wire Transfer
Demo Accounts & Platforms Meta Trader 4 and is limited with 30 days of Inactivity
Account currencies Euro, Great Britain pound, Polish złoty, United States dollar
Regulated & Registered by FSA (Estonia)
Are US Traders allowed? No
Bonus? (detailed)
Languages in which website is available? English, Estonian, Polish and Russian
Languages in which Support is available? English, Estonian, Polish and Russian
Different Support methods? Call Back, Email, Live Chat, Office, Phone, Skype, Web form
Types of Account (micro standard executive islamic) Exchange, Classic
Minimum deposit in accounts $100
Minimum position size 0.01 Lot
Type of Spread? Variable
Minimum spread on EUR/USD, pips 0.6
Is Scalping Allowed? Allowed
Types of Trading Instruments (GOLD; CFD, etc. and the leverage) Forex- 1:500, Gold & Silver – 1:500
Real Trading platforms Meta Trader 4
Digits after the dot in quotes 5
Margin call level 100%
Stop-out level 30%
Total Number of currency pairs 30
Any Bonus offers Yes
Affiliate program Available? Yes
Facility of Overnight interest rates (swaps) Yes
Do they have Trailing stop? Yes
Do they have Pending orders? Yes
Mobile trading allowed? Yes
Browser-based platform present? Yes

ArmadaMarketsArmada Markets is a forex broker company based in Estonia and regulated by FSA, a regulating authority of Estonia. The company was established in the year 2011 and also started its online trading service then. Their main aim is to provide their new as well as experienced traders trading conditions which will help them gain maximum profits. They offer free education to their clients which help them learn the trading skills. They also offer personal manager for each account which helps the trader manage their account better. They also offer the traders the facility to place their orders through telephone. The accounts offered by them is MAM accounts, segregated accounts and managed accounts. They also offer affiliate program for the traders. The payment options offered by them are credit cards, debit cards, MoneyBookers and Wire Transfer. This allows them to make the deposits as well as withdrawals easily and make the process hassle free. Their website is available in English, Estonian, Polish and Russian language and their support is available in as many languages. The customer support is available in the form of Call Back, Email, Live Chat, Office, Phone, Skype and Web form.

The demo account is free and the trading platform offered is Meta Trader 4 but is limited to 30 days of use with inactivity. The real account trading platform is MBT Desktop Pro which is very useful and has many features which helps in the smooth trading. The currency pairs offered for forex trading is 30 and includes all the major pairs and around 8 exotic pairs. They also allow scalping to its traders and the use of Expert Advisor is also allowed to them. The minimum amount required to open an account with them is $100 and the spread is variable but is very tight.

The reviews are the best medium to know about the company’s quality of service. Many of the reviews speak volume about the various services offered by them which include free education, personal manager, MAM accounts, and segregated accounts and managed accounts. Their customer support service is also very good and is available via call back, email, phone, live chat, office, web form and even Skype. This makes it easy for the customer to reach the support staffs and also reduces the response time. The service is multilingual and is available in English, Estonian, Polish and Russian. Many of them also like that they allow Euro, Great Britain pound, Polish Zloty and United States Dollar as the account currencies.  The minimum amount required to open an account with them is $100 for classic and $300 for Exchange account. A few cons mentioned in the reviews is that the they have very limited payment methods and that they do not have PayPal as one of the payment options and that they do not allow Meta Trader 4 to be used as trading platform in the real account. The overall review is however very good and the average rating given to the company by its users is 5.7 out of 10.

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