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• Our Review Method

• Is ADN Markets Scam or Legit Broker?

• What is ADN Markets?

• Pros

• Cons

• Conclusion

Our Review Method ▲

In our rigorous review process, a team of seasoned financial specialists, boasting more than 20 years of experience in Forex trading, carries out an exhaustive evaluation of various trading services. Our team delves deep into the investigation of fees, assesses the trading platforms, and verifies adherence to regulatory standards. We also interact directly with customer support and conduct actual trades to gain a real-world understanding of the trading conditions. This comprehensive approach enables us to provide informed insights and advice on why we recommend avoiding ADN Markets due to the issues we've identified.

Is ADN Markets Scam or Legit Broker? ▲

Trading with ADN Markets is not deemed safe. This broker operates under ADN Markets Ltd., a corporation registered in St. Vincent and the Grenadines, which is known to be an offshore jurisdiction. Despite the fact that this locale does indeed register financial investment firms, it fails to impose stringent regulatory requirements on the operations of these companies. Consequently, ADN Markets lacks regulation and oversight, failing to adhere to the international standards that are designed to offer protection to traders. This has resulted in St. Vincent and the Grenadines becoming a haven for dubious Forex brokers, including entities like CVC Markets and AAG Markets, among others.

What is ADN Markets? ▲

ADN Markets claims to be a member of the International Financial Commission (FinaCom), a fact highlighted on their website along with their registration number. Although FinaCom is regarded with respect within the industry, it is important to note that it is a self-regulatory organization that does not assure a safe trading environment nor does it regulate the day-to-day operations of its members. This essentially leaves traders without any form of protection. The cost to become a member of FinaCom is reported to be €24,000 annually, yet there appears to be no strict guidelines or standards for brokers to follow, further emphasizing the lack of trader protection.

Additionally, ADN Markets purports to offer a wide array of trading options, including Forex, indices, commodities, stocks, and cryptocurrencies. The broker also lists contact numbers with UK and Spain country codes, indicating an attempt to target residents within these nations. However, it is critical to note that ADN Markets does not hold regulatory approval from either the UK, Spain, or any other regulatory body for that matter.

Adding to the concerns, ADN Markets has been blacklisted by Spain's CNMV. This action by regulatory bodies and supervisory entities is a critical tool in ensuring market stability, protecting clients from fraud, and enforcing reliability standards among financial service providers. The lack of a license to operate within the EU and other regulated jurisdictions led to ADN Markets being blacklisted and warned against by EU authorities.

Pros ▲

• Membership with FinaCom, despite the limited protection this affords.

Cons ▲

• Lack of regulation by any reputable authority, making it unsafe for traders.

• Blacklisting by Spain's CNMV, indicating a significant level of concern regarding the broker's operations.

• The parent company is registered in an offshore zone known for its lax regulatory standards.

• No clear guidelines or operational standards as a FinaCom member, resulting in minimal trader protection.

• The broker targets residents in countries where it lacks regulatory approval, such as the UK and Spain.

• The ADN Markets website is currently inactive, suggesting a cessation of operations yet leaving open the potential for future, unannounced activities.

Conclusion ▲

Based on our comprehensive review and the significant issues identified, we strongly advise investors and traders to steer clear of ADN Markets, as well as any other brokerages based in St. Vincent and the Grenadines. The absence of reliable regulation and the risks associated with investing through offshore brokers cannot be overstated. For those looking to trade in the Forex market, it is crucial to choose well-regulated brokers, preferably within jurisdictions such as the UK or Australia, where regulatory frameworks are robust and offer substantial protection to traders.