Admirals expands CFD offering with access to 300 US stocks

abdelaziz Fathi

FX brokerage firm Admirals (formerly Admiral Markets) has expanded its service offering and trading products by incorporating new markets, namely more than 300 US stock CFDs on MetaTrader 5.

Admirals

As many brokers continue to transfer activity to the MT5 terminal, it is imperative to increase the base of assets and products into the platform, in order to accommodate its entire client base.

In a recent statement, the broker informed its clients about the new additions with an initial focus on blue-chip companies listed on US exchanges. These include Roku, DoorDash, Data Dog and many other US-focused and globally recognized brands. However, the ultimate goal of the brand is to grow its offering to include single stock CFDs for different companies globally, which will be added gradually.

The recent additions increase the number of tradable assets at Admirals to 3,600 products, covering stocks, forex pairs, commodities, indices, ETFs and cryptocurrency markets.

The case for adding more assets has been growing in recent years as the company’s clients from certain regions, including fund managers, hedge funds, and commodity trading advisors, are keen to actively trade local stocks.

“With 3,600+ of other leveraged CFD products covering Indices, Commodities, Currencies, Stocks and ETFs, the latest additions offer a comprehensive range of choices for even the most diversified investing strategies,” the statement reads.

Admirals is licensed by the UK ‎Financial ‎Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), and the Cyprus Securities and Exchange Commission (CySEC). The regulatory approvals allow the brokerage firm to offer a set of financial services and ‎also approved to ‎provide cross-border services across the EU / EEA under ‎European passport rights.‎ The company maintains its core offices are in Estonia, Jordan, Cyprus, Malaysia and UK.

Admirals had seen noticeable gains in its financial figures in 2022. In August, the company disclosed a net operating revenue of €43 million compared to just €35.7 million for the entire 2021. The figure was also up by nearly 150 percent year-over-year from €17.3 million in 2021.

Meanwhile, the bottom line figure shows that Admirals’ EBITDA and net profit were €24.3 million and €23.3 million, respectively. In 2021, the company barely broke even with a net profit at €0.1 million in the 12 months through December 2021.

  • Read this next

    Retail FX

    Weekly Roundup: FX prop firms switch to cTrader, who moved $1.35B BTC?

    The foreign exchange and cryptocurrency markets are always active, and this past week was no exception. Stay ahead with a selection of essential stories and updates that matter most to market participants.

    Digital Assets

    Bitcoin breaks all records with a massive $1.347 billion transaction

    This transaction has surpassed previous records, setting a new benchmark for Bitcoin trades. Before this event, the largest Bitcoin transactions included a $1.1 billion trade in April 2020 involving 161,500 BTC, and other significant transactions ranging from $491 million to $1.033 billion throughout 2019 and 2020.

    Digital Assets

    Uniswap debuts Ethereum ‘uni.eth’ subdomains

    Decentralized exchange platform Uniswap has integrated Ethereum Name Service (ENS), allowing users to create human-readable domain names and cryptocurrency wallet addresses using .eth endings.

    Web3

    Magic Square Expands with TruePNL Acquisition

    Binance’s web3 app store, Magic Square, acquired token platform TruePNL in a cash deal this week for an undisclosed sum. The deal brings TruePNL’s infrastructure (excluding branding & token) under Magic Square’s wing. Initially seeking a partnership, Magic Square opted for a full acquisition.

    Crypto Insider

    The Future of Prediction Markets? Zeitgeist Launches Decentralized Court System

    Polkadot-powered prediction market protocol Zeitgeist has announced the launch of its latest innovation: a decentralized court system.

    Digital Assets

    Crypto exchange Kraken fires back at SEC lawsuit, claiming overreach

    Crypto exchange Kraken is pushing back against the U.S. Securities and Exchange Commission (SEC), seeking to toss out a lawsuit that accused the platform of operating without proper registration.

    Industry News

    Exness Named a Best Place to Work in 2024

     Global leader Exness, tops in retail trading volume, earns 2024 “Best Place to Work” award, cementing its employee-centric culture after three prior years of winning the Cyprus national title.

    Digital Assets

    Swan Bitcoin taps Bakkt for crypto offering in the US

    “We are thrilled to be taking this exciting step forward in our partnership with Swan. This is just the beginning of our collaboration, as we intend to explore further growth opportunities together in the future, including expansion into international markets.”

    Digital Assets

    Polkadot Awards Bifrost a 500,000 DOT Loan to Enhance Liquid Staking Adoption

    Bifrost, a leader in liquid staking solutions, has secured a 500,000 DOT loan from Polkadot’s treasury to expand the reach and utility of its vDOT product within the ecosystem.

    <