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Franko Knavs
Within 1 year

What major risks or downsides should I consider before using ADMIS?

Broker Issues
ADMIS
Regulation
04-15
United States
WikiFX
Reply

From my perspective as an experienced trader, ADMIS does present some important risks that anyone should weigh carefully. While it is regulated by reputable authorities like the SFC in Hong Kong and the FCA in the UK, I found it concerning that WikiFX field visits failed to confirm a physical office at these regulatory addresses. The absence of a verifiable office, especially after so many years in operation, raises questions in my mind about operational transparency—something I don’t take lightly when the safety of my funds is on the line. In addition, ADMIS provides scarce detail about its account types, minimum deposit, and key trading information such as leverage and fee structures. This lack of clarity makes it difficult for me to assess the true cost and risk of trading with them. Unlike most brokers catering to retail forex traders, ADMIS does not offer the popular MT4 or MT5 platforms, relying instead on CQG and TT, which could be a hurdle for those used to MetaTrader or seeking broader tool compatibility. User reviews seem mixed. Some highlight quick withdrawals and helpful support, but there are also concerning reports about frozen funds and withdrawal challenges, especially involving large sums and additional fees. For me, the lack of fee transparency and difficulty verifying office presence, combined with these service disputes, are major reservations. Given the high potential risk warning as well, I personally would proceed with significant caution and avoid committing substantial funds until all operational and fund security questions are fully resolved.

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