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The UK forex broker Admiral Markets announced it is discontinuing the support for the Skrill and Neteller payment services, as of August 1.
From that date the broker’s clients will not be able neither to withdraw, nor to deposit via these two systems. Changes will be rolled out even a few days before August 1. According to Admiral Markets, all deposits made before 1 the date, will be returned back to the source. If, for example, a client deposits a sum using Skrill on July 29, the deposit will be returned to the Skrill account. Is a withdrawal request is made on August 2, the funds will again be returned to the client’s Skrill account.
Admiral Markets notes that the other free deposit options are still available: bank deposit (takes 1-3 business days to go through) and the instant German payment service SOFORT, available for clients in Germany, Austria, Belgium, France, the Netherlands, the UK, Italy, Spain, Poland, Hungary, Slovakia, Czech Republic. Another option is credit card, for a small fee. The UK branch of Admiral Markets also accepts deposits via PayPal.
After the changes come into effect, the only withdrawal options available will be via a bank transfer.
Admiral Markets is an online trading provider, offering trading in forex and CFDs on stocks, indices, precious metals and energy and is regulated by UK’s Financial Conduct Authority (FCA). It offers several types of account, with minimum deposit requirement starting from $250 and leverage of up to 1:500.
The company also has an Estonia–based sister company, Admiral Markets AS, which is a white label provider regulated by the Estonian Financial Supervision Authority (EFSA). The Admiral Markets group also consists of Australia-regulated Admiral Markets Pty and Cyprus-regulated Admiralex.
Since the beginning of July Admiral Markets has expanded its CFD offering by adding new cash index instruments and improving trading conditions, effective July 18, and has added trading simulator to its MT4 Supreme Edition trading platform.