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Broker Armanda Markets
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Overview

The administration of the company Armada Markets has been working on the international Forex market since 1989, which suggests considerable experience that has been gained for these years. In this regard, it has decided to create its own company to provide services in the field of Internet trading.

Nowadays the Head Office of the Armada Markets is located in Tallinn and the company is considered to be one of the leaders in the Scandinavian countries. Besides, the services of the broker are used by traders from other countries of North America and Asia.

Armada Markets has a license for the provision of brokerage services, issued by the Ministry of Economic Affairs and Communications of Estonia. It offers the best trading conditions on the foreign exchange market, including very low spreads, absence of requotes, DMA and STP are always available. In addition, all clients of the broker can take part in a variety of promotions, which are periodically updated, where they can win nice prizes and get various free Forex bonuses.

The website of the Armada Markets is available in Estonian, Russian, English, Polish, Indonesian, Chinese and other languages, allowing traders from different countries of the world to learn information about services of the broker and current promotions.

Bonuses

Armada Markets regularly holds for its traders various promotions, where participants can get free Forex bonuses or good cash prizes.

The promotion Trading Account Welcome is designed for beginners, who will become clients of the broker. Directly after registration as a client, new customer is given the opportunity to open an account Welcome. Fifteen Euro will be accrued by the broker to his account as a Forex bonus. This promotion applies to trading accounts Classic and Exchange, but the Forex bonus can not be withdrawn from them. In case of $100 deposit replenishment and active trade on the Forex market, traders will be able to withdraw the received Forex bonus, committing a trade turnover, specified by the employees of the Armada Markets.

The promotion Forex $25 Bonus is available for all clients of the broker. Traders need to open a new account and make a deposit of at least $500 to receive this bonus. Then they have to write a letter to the support service, indicating the code word "Armada". Forex bonus will be accrued immediately after receiving the letter of the client. This bonus is available for trading on the currency market and can also be withdrawn from the account if the trader will make a minimum turnover in 5 standard lots.

The promotion Refer a Friend is held periodically and it is available for all customers. According to its rules, traders of the broker should invite their friends to Armada Markets and a Forex bonus of $15 for each friend will be accrued to them. The promotion lasts until 1,000 friends will be invited by traders of the broker. Number of invited friends is unlimited for one participant and for each of them the bonus is accrued. The bonus is accrued if friends, who have become clients of the broker, open new trading accounts and will make a deposit of at least $100. Forex bonus will be credited both to trader, who has invited new customer, and to a new client. It can be used to trade any currency pair. It will be necessary to close at least 3 standard lots while trading on the Forex market to withdraw it from the account.

The promotion Trader of the Month is held constantly and all the customers, who have successfully traded on the Forex market, can become its winners. At the end of each month the competent staff of the company selects one winner among traders, who has shown the best result for 30 days. The final profit, the amount of profitable transactions, the amount of drawdowns and the strategy used by the trader are taken into consideration while choosing the winner. The winner receives a cash prize of $500 that can be used at his own discretion: to withdraw it from the trading account or to trade on the foreign exchange market.

The promotion The New Year's Forex Bonus is available for participation once a year. All traders, who fund the trading account in the amount of 777 dollars, will become owners of the Forex bonus in the amount of $77. Bonus funds can be initially used to trade currency pairs and they will be available for withdrawal after the accomplishment of a trade turnover in 10 standard trading lots. Forex bonus can be obtained only once and on one trading account.

Training

The brief information about the international Forex market is present on the site of the broker Armada Markets, which can help customers to get answers to the following questions:

- what is the currency market

- who trades on the foreign exchange market

- what liquidity has the Forex market

- what spreads are available for trading

- what are commission fees of the broker

- what is leverage

- how to use leverage

- how to predict price movements on the foreign exchange markets

- what is the optimal minimum deposit for trading on the foreign exchange market.

Customers of the Armada Markets are able to open a free demo account that allows them to trade on real exchange quotes on Forex, but with virtual money. The demo account gives users the opportunity to learn currency pairs trading without the risk to their own funds and, if necessary, test the Forex expert advisors or trading strategies on profitability.

Terms of trading

Armada Markets offers the following trading conditions for traders:

- the foreign currency account (the base currency)

- no minimum deposit is $100

- the leverage is from 1:1 to 1:500

- the minimum lot size is 0.01

- more than 60 currency pairs, gold, silver

- spread is fixed from 2 points (the floating one is from 0.4 points)

- hedging is available

- scalping is available

- Forex expert advisors are available.

MetaTrader 4

- multi-language support

- order execution - Instant Execution

- a wide range of embedded technical indicators

- addition of new trading indicators

- installation and use of Forex expert advisors via MetaQuotes Language 4

- export and import of currency quotes

- chart printing.

Armada Markets provides all customers with the opportunity to open a trading account that will meet its requirements.

Trading account Classic:

- the minimum deposit is $100

- the maximum deposit is unlimited

- spread is fixed from 1 pip (point)

- no commission fee

- automated trading is available.

Trading account Exchange:

- the minimum deposit is $300

- the maximum deposit is unlimited

- spead is floating from 0 pips (the average one is 0.27)

- commission fee is $2 for $100,000 of a trade turnover

- automated trading is available.

If necessary, customers of the Armada Markets may send an application form to open a corporate trading account, which will be available after the confirmation of identity. This trading account offers more favorable trading conditions for gold, silver and currency pairs.

Forex indicators (recommended)

- Moving Average

- VininI LRMA color

- Ind TD DeMark

- Price Channel

- Day Implus.

Forex expert advisors (recommended)

- RelativeR2 (an automated Forex expert advisor that uses the popular Stochastic Oscillator for analysis of the foreign exchange market, allowing it to make accurate predictions on Forex in most cases)

- Forex Wallstreet EA (a universal automated Forex advisor that has numerous settings in its arsenal, allowing traders to use it while currency pairs trading both at long-term and short-term distances, especially in the time frame M15)

- Profit FIXATOR (an automated Forex expert advisor that has a minimum number of settings, allowing it to trade profitably on the Forex market, and it is suitable for beginners, who have not chosen yet their trading strategy).

Investments

Currently customers of the Armada Markets are not able to transfer their funds in trust management to professional traders, who usually work with PAMM accounts. Any agreements about investment are independent activities of customers and the broker does not bear any responsibility for them.

Unique features

Armada Markets enables its traders to use calculators that simplify calculations while trading on the Forex market.

Forex calculators:

- Currency Converter - instantly convert various currencies on real exchange rates

- Pip Calculator

- Margin Calculator (operates when the leverage is 1:100).

Customers can also use the service Autotrade from the company Myfxbook. Specialists of the Myfxbook add to their service only profitable trading strategies, providing customers with real-time trading signals, which make a profit in most cases. Users of the service Autotrade can copy all trading signals or copy them selectively clicking on profitable automated trading on the foreign exchange market.

Besides, customers of the Armada Markets are able to use a free Forex expert advisor One-Click Trader EA, developed by the staff of the broker, which allows making transactions by one click in manual trading or in automated mode.

Add/withdraw funds

Armada Markets provides its traders with the following methods for depositing and withdrawal of funds from accounts: VISA, MasterCard, QIWI, NETELLER, Skrill and bank transfers.

Contacts

Armada Markets provides the comprehensive support to its customers through Skype armadamarkets, online chat, by e-mail address [email protected] and by international phone +372 686 3163

Cons and pros

+ the fast-growing broker

+ the minimum deposit is $100

+ small spread

+ good leverage

+ good Forex bonuses

+ promotions with cash prizes

- few learning materials.

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