Armada Markets reviews

Armada Markets_logo Armada Markets 5/10 (votes 2372)

On-line since: 2011
Country of origin: Estonia
Regulation: Estonian Ministry of Economics and Communications
Payment options: Bank Transfer, Credit Card, Debit Card, Neteller, Fasapay, China Union Pay
Minimum account size: $100
Minimum lot size: -
Leverage: 1:500
Spreads: fixed

About company

ECN investment broker Armada Markets was founded in 2011 in Estonia. The state regulatory body is the Ministry of Economy and Communications of Estonia. A few years ago, Armada was acquired by another financial corporation, TickMill. At the moment, the broker's website is blocked or is being upgraded. Perhaps this will be a new brand of TickMill. However, this review is based on information from open sources.

Competitive advantages of the company: the same professional trading conditions for everyone, no delays, popular liquid trading instruments with quotes from the largest first-level liquidity providers, the latest trading technologies, trading without any restrictions and broker intervention, fast order execution, broker analytics with many years of experience , low spreads.

Trading conditions

Forex, precious metals, CFDs - these are the assets available for trading with a broker. The following trading accounts are available for registration - Exchange, Classic. A demo account is also available for free to test strategies in close to real conditions. The broker holds monthly contests for demo account holders with a prize draw of $20,000. To start trading, you need to register a trading account and fund it with a minimum amount of $100. Each trader who has registered an account with this broker receives a welcome bonus on the first deposit of $500. We could not find out about affiliate programs, an educational library, a section of trader's tools, accounts for trust management.

Trading platforms

Armada Markets is a partner of the well-known developer MetaQuotes and provides its clients with the MetaTrader 4 trading platform for free. Traders can also choose a web terminal for trading through a browser and a mobile application for trading from a smartphone.

Technical support

Customer service specialists are ready to answer any question 24/5 by phone +3726863163 and email


Traders can fund their trading account and withdraw funds using the following methods: Bank Transfer, Credit Card, Debit Card, Neteller, Fasapay, China Union Pay.

Trader reviews

We only managed to find old reviews from 2016. Basically they are all negative. Around that time, the broker stopped doing business. The claims are as follows: suspicions of a scam, inability to withdraw funds, trading conditions do not correspond to reality.

Broker Advantages

  • MetaTrader 4
  • Technical support contacts
  • Welcome Bonus

Broker Disadvantages

  • Site blocked
  • The broker is not active


The choice of a broker for cooperation is perhaps the most important choice in a trader's career. It is worth paying attention to the following fundamental indicators: the reputation of the broker, the behavior of technical support, the behavior of company representatives in social networks or forums, the history of the company, real trading conditions and fresh feedback from traders. This review is not a guide to action or advice.

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