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Adamant Finance is it a scam? Reviews and description
Adamant Finance is a financial institution that has been operating since 2014 and act as an institutional Forex broker that allows you to carry out transactions without intermediaries. The company provides direct access to the interbank Forex market for individuals and legal entities. To make trade productive, high-tech methods of processing orders and bringing them to the market are used; the broker’s partners are large banks and hedge funds.
And yet, is Adamant Finance a scam or a decent young broker, which you should look closer? Let’s try to answer this question in a detailed review of the broker.
Terms of trade with Adamant Finance
Adamant Finance is a young broker who successfully works in the Forex market and offers profitable trading and the best solutions to his client. The company appeared not so long ago, but tries to win the attention of the user, successfully expand the customer base. In many ways, the secret of the company’s success is in favorable trading conditions that are attractive to traders, scalpers, fans of automatic trading (robots, advisors). Due to the use of unlimited sources of liquidity, the company provides one of the best conditions for trading on ECN-NDD technology.
Among the advantages of the company are perfect trading conditions, low market spreads (starting from 0 points), no requotes, absolute transparency of trade, innovative technologies. High-quality round-the-clock support is available on weekdays. For Forex trading the broker offers work in the advanced trading platform MetaTrader 4 (and in its mobile version, which makes trading opportunities much wider), which is popular with market players. Among the trading instruments are currencies (Forex), precious metals, European and American stocks, indices, futures. The broker’s dealing center improves the service, works on the creation of new products that allow you to earn on Forex market.
Trading with a broker is comfortable not only for a professional, but also for a newcomer to the market. Special attention should be paid to official website of Adamant Finance, which indicates a large amount of information: daily news publications, analysts, market forecasts. You can also use the economic calendar, data from various analyses (technical, wave, metal analysis, etc.), start free trading training, participate in seminars and webinars.
Deposit and withdrawal
Adamant Finance offers a variety of deposit and withdrawal methods. In order to make a deposit on your account, you need to go through the registration procedure, make an amount by choosing a convenient way to transfer funds (minimum deposit – $1). To deposit funds a trader can use an extended list of modern payment systems – from the usual Bank cards to e-wallets:
- Bank transfers,
- Debit and credit cards: VISA, Maestro, MasterCard, Maestro,
- Electronic payment services: Neteller, WebMoney, CashU, FasaPay, Qiwi, Alfa-click, Skrill, Okpay, Capitalist, AdvCash, Payeer, Yandex.Money etc.
You can open an account in Euro and USA dollars. Money is available for trading immediately after payment (depending on the method of replenishment).
Complaints against Adamant Finance
Despite the fact that the company is still very young in the Forex market, there are already enough reviews on the network about it (truth about Forex). Some traders positively characterize the broker, noting among its advantages stability and reliability, pleasant trading without pitfalls, in most cases, withdrawal of funds without problems and delays, fast execution of orders, no slippage, good operation of the terminal, instant response of technical support, favorable bonus conditions of $50. Among the negative points are often noted: the lack of a new version of MT5 terminal, complexity of the verification procedure, problems with the support, withdrawal (failure to withdraw, long withdrawal procedure).
However, it should be noted that there are more positive reviews. The official representative of the company actively works on more than 200 forums and most often the negative turns out to be advertising or unjustified spam. To avoid problems with the broker, ask your personal manager about the conditions of account verification, rules for using bonuses and features of withdrawal. It is worth noting that the company is still very young, it only has to find its audience, which means that there will be more reviews and it is too early to draw conclusions.
Is Adamant Finance a scam?
Adamant Finance is one of the youngest brokers in the Forex market. And yet, now the company has been able to achieve success in working with the user, providing favorable trading conditions. Today the network has a lot of reviews about the broker, we note that the number of positive reviews is higher, it is largely credible to the company. The representative of the organization is actively working on 200 forums to be aware of the user’s opinions about the service.
To work you need to pass the verification, which is also noted in some reviews of traders as a difficult one. Another part of traders justifies this process: the procedure confirms that they are not scam artists. We agree with this logic, because verification shows how serious the company’s intentions towards the user, its willingness to build a strong relationship with the client. Much of this is evidenced by the active work of the broker’s representative on the forums. Mentioned above characterizes the company quite well.
A positive point is the provision of popular MetaTrader terminal, judging by the broker’s reviews, works well and provides comfortable trading. However, some traders note a clear lack of its updated version, but it seems that the company is working in this direction. We believe that a significant advantage is a high-quality informative website, where it is easy to find information about the company, the presence of contests, bonuses, analytical data, the opportunity to be trained demonstrate a well-thought-out policy of working with the broker’s user.
The company’s website does not have a contact phone number where the trader could contact the support service; this causes some difficulties, despite the fact that it is possible to contact the company’s departments directly via e-mail addresses (financial, technical department, etc.). Adamant Finance certification, of course, also raises the question, because there is no information about regulation on the website and in the network. This fact, as well as the fact that the company is still young, is the only moments of concern about the reliability of trading with the broker.
However, to the question whether Adamant Finance should be considered as a scam, at this stage of the company’s development, we think it is too early to draw such conclusions. We hope that the issue of certification will be resolved in near future, and the company will show itself only from the best side.
Adamant Finance broker regulator
There is no clear information about the broker’s regulation in the network and on the broker’s website there are no links to the license of any regulator. Some sites indicate that Adamant Finance operates under the jurisdiction of St.Vincent and the Grenadines, regulation is carried out by the international financial services markets supervision authority (IFSA), but there is no information about the broker’s license.
Bonuses in Adamant Finance
Each trader of the company can get two types of bonuses:
1) Welcome bonus up to $50
The broker offers a profitable bonus for the first deposit – up to $50. This money will be immediately available on the trading account, they can be traded. In the future, the bonus should be worked out. We recommend you to specify the conditions of working out the bonus from your personal manager.
2) Bonus of up to 200%
When make a deposit on your account in the amount of $200, bonus will increase the funds by 200%. You can also get a free virtual private server VPS for stable operation of trading advisors. The bonus needs to be worked out, after its expiration it is allowed to receive it again. We recommend you to specify the conditions of working out the bonus from the personal manager.
Forex trading broker Adamant Finance, despite the fact that it is one of the youngest companies, has every chance of getting high ratings among trading professionals. Today, it has a large number of positive reviews about the reliable operation of the terminal, profitable bonuses, quick withdrawal procedure. The representative of the company is actively working with reviews of traders on the forums; this clearly suggests that for the company is important to hear the user’s opinion about the service. High-quality website, stable operation of MT4 terminal, bonuses, contests, provision of analytics, training opportunities – these moments also positively characterize the company and indicate a successful start and a correctly chosen development strategy.
The lack of regulation seriously reduces the confidence in the broker from the user, since most traders prefer to work only with companies that have regulation; this ensures the reliability and safety of trading. Also note that Adamant Finance has not yet managed to show itself in the best life, to evaluate it as a reliable or scam company early today. However, the traders` reviews can not only change the ratings of the broker but also to warn other market players of the market from various problems.
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