Armada Markets Detail Report | Forex Broker



 
COMPANY PROFILE
Company Name: Armada Markets
Broker website: http://www.armadamarkets.com/
Country where domiciled: Estonia
Operational Since: 2011
International offices: Headquarters in Estonia. We have country managers (local support without office) in Indonesia, Bangladesh, China, Poland,Japan
Broker Type: ECN/STP
Regulation: We are regulated by the Estonian Ministry of Economic Affairs and Communications
Broker Status: Independent broker
Accept US clients: no
Minimum deposit
Mini Account minimum deposit ($US): -
Standard Account minimum deposit ($US): 100 (Classic account)
ECN Account minimum deposit ($US): 300 (Exchange account)
Base account Currencies offered: USD, EUR, GBP, PLN
LEVERAGE
Maximum Leverage for a Mini account: -
Maximum Leverage for a Standard account: 1:500
Maximum Leverage for an ECN account: 1:500
MINIMUM LOT SIZE
Minimal lot size for a Mini account: -
Minimal lot size for a Standard account: 0.01
Minimal lot size for an ECN account: 0.01
FUNDING AND WITHDRAWAL OPTIONS
Funding Methods: Credit card, Neteller, Moneybookers, Bank Wire
Withdrawal Methods: Credit card, Neteller, Moneybookers, Bank Wire
Spreads, fees and commissions
Commission: On Classic account there is no commission just fixed spread.
On Exchange account 2 USD per 100 000 USD traded, side
(0.0020% of the order size in base currency)
Example: 1.0 lot EURUSD commission is 2 euros, for 1.0 USDJPY it’s 2 US dollars, for 1.0 GBPUSD it’s 2 pounds.
Spread type: Classic account fixed spread, On Exchange account floating spread.
Spread on EURUSD on a Mini account: -
Spread on EURUSD on Standard account: 1 pip
Spread on EURUSD on ECN account: Average is 0.27 pips
vip benefits (retail & institutional)
Premium trading conditions for VIP clients both retail and institutional: -          We approach every client individually and try to find solution what suits better to both.
Minimum deposit for the above accounts: -
Lowest spreads for EURUSD there: -
Main Advantages: -
 

 

TRADING CONDITIONS

 

Scalping allowed: yes
Hedging allowed: yes
Expert Advisors allowed: yes
Trading platforms available: Desktop/Mobile/iPhone/iPad/Android
Trading platform’s time zone: GMT +0
Decimal Pricing: On Standard/Classic account 4 digits. On Exchange 5 digits.
Execution: Market Execution on both accounts
Total number of liquidity providers: Over 30
Trailing stops: yes
OCO orders: no
One-Click execution: yes
Mobile Trading: yes
Web-based trading: no
API Solutions: yes
Currency Pairs total, exotic pairs: On Exchange 60 pairs + spot gold and silver. On Classic 30 pairs +spot gold, silver
Gold, Silver: yes
Oil: no
CFD’s: no
Trading Instruments offered besides Forex: Just forex
MAM/ PAMM solutions for Fund Managers: no
Managed Account Services for investors: Yes (Myfxbook autotrade)
Swap-free Accounts: no
Segregated accounts: yes
Interest on unused margin: no
Bonuses or rewards: yes
Trading Contests: yes

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