It seems that Admiral Markets‘ saga with the online payment systems may not come to an end anytime soon with a new development almost every other week.
Most recently the broker announced it is permanently canceling the option for depositing and withdrawing funds in USD via the Neteller online payment system. According to the statement, the decision was made by Neteller.
Admiral Markets, however, notes that will continue to process withdrawal requests and will transfer the funds to the same USD Neteller account, used for making the initial or any previous payments in the past.
The fluctuations in Admiral Markets’ Skrill and Neteller deposit and withdrawal policies have started this summer and have changed several times since then. Most recently the broker said it is stopping the deposits and withdrawals in USD via Skrill, but did not say if the change is permanent or temporary.
With the termination of Neteller and Skrill, the only withdrawal option remains bank transfers.
As for deposit options, the choice there is somewhat wider: bank transfer (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.
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.