AdamantFX

Note: For some unknown reason, we cannot open Adamant FXs official site (https://adamantfx.io/) while writing this introduction, therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information & Regulation

Adamant FX is presented as a UK-based forex broker offering a wide selection of tradable financial instruments, with leverage up to 1:500 on the MT4 and Status Web Trader trading platforms, as well as a choice of six different live trading account types and 24/7 customer support service. Here is the home page of this brokers official site:

As for regulation, it has been verified that Adamant FX does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.36/10. Please be aware of the risk.

Market Instruments

Adamant FX advertises to offer a selection of over 300 forex pairs and CFDs on indices, commodities and stocks.

Account Types

There are 5 different account types offered by Adamant FX, namely real account, cent account, demo account, mini or micro accounts and forex investment accounts. Each of them is tailored to the specific needs of traders and investors. Flexible account types allow you to choose the option that best suits your style and level of trading. Besides, there is a division between start-level accounts and professional-level accounts. Start-level accounts are divided into three accounts: Newbie, Depositor and Progressive, requiring a minimum deposit of $250, $1,000 and $5,000 respectively. Professional-level accounts are also divided into three accounts: Elite, Advanced and Premium, requiring much higher minimum deposit requirements of $25,000, $50,000 and $100,000 respectively.

Leverage

In terms of trading leverage, Adamant FX hasnt made this clear on their website, but when we installed it MT4, we were provided with 1:500 which will suit all trading strategies. Keep in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Spreads & Commissions

The broker hasn‘t disclosed any spreads, and we could’ test Adamant FXs MT4 in a demo environment either. However, Adamant FX appears to collect upfront a 20% commission.

Trading Platform Available

When it comes to trading platforms available,Adamant FX gives traders two choices: MetaTrader4 and Status Web Trader. The MT4 has stood the test of time and continues to be the preferred platform of many traders 16 years after its official launch. This piece of trading software provides a variety of technical indicators, an advanced charting package and the ability to develop and use Expert Advisors (EAs).

Deposit & Withdrawal

Adamant FX says to accept payments with credit/debit cards like VISA and MasterCard as well as Paytrio Tinkbit and crypto coins. If you have paid with VISA or MasterCard, you will have the option to file for a chargeback in case you realize you have been scammed. The minimum withdrawal amount is $250.

Customer Support

The Adamant FX customer service can be reached through telephone:+442039663707, +34919491467, +74959574841, e-mail:compliance.en@adamantfx.io, compliance.ru@adamantfx.io, compliance.it@adamantfx.io, compliance.sp@adamantfx.io, compliance.de@adamantfx.io. However, this broker doesnt disclose other more direct contact information like the company address that most brokers offer.

Pros & Cons

Reviews

Donnelly Eugene - Dec 13th, 2021

Keep away from them, you will lose your money. After your deposit and investment, you will never have the chance to take them back.

Either you will lose it all or if you manage to make some earnings they will never give them to you back and they will keep writing excuses to you just to avoid you.

G - September 3rd, 2021

Do yourself a favour and do not engage with this company. I have had a very bad experience with them and lost some money. I have even been sworn at during conversations with their ‘representatives’! As David says they are scammers and will push the scam as far as they can. If you are interested in FX then use licensed brokers that are regulated.

Martin - June 10th, 2021

I was also defrauded … When paying out there were always problems, always others on the phone … In the case of disbursement wiping banks stated that they did not exist and always a fee to be paid in advance … Unfortunately noticed too late … Can talk too well … because you are a good person … I hope for Charma … these guys should ***. There are people who (were) dependent on money.

My damage is 20,000 +… ..was so stupid that I paid with crypto.

HANDS OFF !!!!!

Never see the money again.

David Evans - March 23rd, 2021

I was scammed too. They seem like nice people at first and then it turns sour as you try to withdraw the funds. These people are thieves and will one day end up in prison.

David Burton - January 9th, 2021

This is a SCAM SCAM SCAM!!!!. Sadly I fell for the sweet-talking ‘Manager’ of my account, who made me feel like a friend and that he was truly there to help me. Took my money and then didnt contact me again. This place needs to be closed down ASAP.