away of all advertised posts and topics , i opened this topic to really put this broker under fair scope, Armada Markets is a new broker located in Estonia and as they are claiming it is a NDD DMA STP broker , they are offering only one trading platform right now MetaTrader 4 which is disadvantage although i like mt4 , commission and spreads are so tight "$2 commission per 100,000 USD traded for primeExchange accounts"
Registration
i already opened live account "primeExchange" with them three days ago, registration was smooth and easy process
Customer service
yes their live chat customer service not always online and if you need help you can leave a message or send them e-mail but you get the reply quick and in the same business day usually, they are polite and nice as anyone want his business to grow in the first of course hope that continue.
Regulation
if you asked them about regulation they will say that they are partnered with LAMX which is regulated by FSA , okay so they are not regulated.
Below is a reply on my e-mail to LMAX asking them if Aramda Markets partnered with them or not and a reply from one of Aramda Markets representatives about regulation issue.
i already charged my account yesterday , i will update this post every while about how i find them , hope that helps others to make the right decision and others to share their true experience
Registration
i already opened live account "primeExchange" with them three days ago, registration was smooth and easy process
Customer service
yes their live chat customer service not always online and if you need help you can leave a message or send them e-mail but you get the reply quick and in the same business day usually, they are polite and nice as anyone want his business to grow in the first of course hope that continue.
Regulation
if you asked them about regulation they will say that they are partnered with LAMX which is regulated by FSA , okay so they are not regulated.
Below is a reply on my e-mail to LMAX asking them if Aramda Markets partnered with them or not and a reply from one of Aramda Markets representatives about regulation issue.
QuoteDislikedDear Mohammad,
Thank you for your email.
Armada is a LMAX partner.
If you have any further questions, please do not hesitate to email us back or call us on 0333 700 1000. Our Helpdesk team is available between 07:00 and 21:30, Monday to Friday.
Kind regards,
Antonio
The LMAX trader team
one of Aramda Markets representatives said in topic in FF before that they intend to offer CFDs
DislikedForex brokers are registered and regulated in Estonia by the Ministry of Economics and Communications. Armada Markets has a license to conduct foreign exhange and precious metals trading, and money broking services.
We have also in Estonia a UK FSA-equivalent regulator which regulates banks and large investment companies that provide stock and bond brokering. This would also be a requirement for us once we start providing CFDs, stocks and other investment instruments. Currently we provide FX, spot gold and silver trading through LMAX.Ignored
