Admirals expands CFD offering with access to 300 US stocks
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.
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.
