Adamant Finance

Adamant Finance offers its clients the option of choosing from three basic account types: Classic, MarketPro and MarketPrime. Each of them offers the ability to execute market transactions and have a rapid execution speeds – according to the website of the broker, the speed of transactions is 0.1 seconds. The most leverage is accessible for the Micro account, which is commission-free but, unfortunately, these are the largest spreads. Both the Micro and MarketPro account types provide micro-tradable lots for those who do not want to invest in huge quantities.

Additionally, Adamant Finance offers CopyFx account, which is intended to manage assets.

The Company. Security of Funds

Adamant Finance is ECN/ STP broker, offering trading in more than 80 currencies including precious metals, CFDs on stocks and indexes through the most popular MT4 platform.

In 2014, the company was established. Adamant Finance Limited (doing business under the name Adamant Finance) operates under St. Vincent and the Grenadines (SVG) jurisdiction. Based in SVG, International Business Companies (IBC) provide financial brokerage services within the local regulatory system which is one of the most open ones. Registration is simple and affordable, which is why it is a popular choice for foreign exchange brokers. Caribbean Island is an sought-after location for start-ups in forex.

While Adamant Finance looks like a good brokerage, if you plan to invest a significant amount of money, we’d suggest you look elsewhere for a trustworthy jurisdiction in which your money is safe. For instance, the regulation for the regulation of Australia as well as Cyprus is well-balanced , and there are many reliable licensed brokers.

Trading Conditions

Minimum Initial Deposit

To create an account at Adamant Finance, one has to make a minimum deposit of $1. The majority of forex brokers will require more. For example, another company from the offshore, LiteForex, requires a minimum of $10 for their first transaction.

Average Spreads & Commissions

As an NDD broker Adamant Finance offers variable spreads. Spreads typical on MarketPro accounts are 0.7 percent on EUR/USD, and when you add the $10 commission per standard lot per turn the trading costs on this currency pair can be excessive for the forex market (around 1.7 percent for each lot). The most competitive spreads offered by this broker are found on the MarketPrime account. They average 0.2 per cent for the EUR/USD pair , with an average commission of $8 per round-turn.

Comparatively, Liteforex offers variable spreads which average 1.1 pip for their ECN brokerage accounts that are commission-free. To learn more you can search and examine live spreads from the top 15 brokerages here.

Maximum Leverage

The maximum rates of leverage that this broker offers are extremely high and can reach 1:500. Although certain jurisdictions limit leverage to levels that are less than that (1:50 for the US), many forex brokers provide leverage that is equal to or higher than 1:500 or higher. LiteForex For instance, LiteForex offers leverage as high as 1:1000.

Trading Platforms

Adamant Finance supports the widely utilized MetaTrader 4 (MT4), accessible as a download for desktops and mobile trading applications.

MT4 is the most preferred trading program for the majority of traders and this is why it is provided by most brokerages. The platform offers all the required tools and resources to traders to analyse the pricing dynamics that are associated with different financial instruments (advance charting tools, built-in indicators back-testing of options) as well as make trade transactions and design and implement automatized strategy (Expert advisors).

Additionally, Adamant Finance provides VPS (Virtual Private Server) which provides access 24/7 via a distant server that has an operational software installed. You can be assured that, even if your computer is shut off or do not have an internet connection the trading robots you use follow their own algorithms, and are able to follow the market conditions.

Promotions

As of the date when this review was written, Adamant Finance offers a deposit-free bonus of that can be up to $50. This offer is offered to new customers who make deposits of at the minimum of $200. Be aware that the first deposits cannot be taken out and the maximum amount that can be withdrawn is $25.

Additionally, a minimum of 100 transactions (no less than six lots) are required to be completed and each transaction has to be open for at minimum 60 minutes.

Methods of Payment

Adamant Finance offers its clients many payment options including wire transfer, credit/debit card as well as a variety of e-wallets including Neteller, Skrill, WebMoney, Qiwi, PAYEER, advcash, Yandex, FasaPay, Perfect Money, CashU & Bitcoin.

Conclusion

Adamant Finance is STP/ECN broker which is licensed offshore. It provides Forex & CFD trading on the MT4 platform under fair conditions.