Admirals increases its CFD offering by giving access to 300 US stocks
Admirals, an FX brokerage firm (formerly Admiral Markets), has expanded its trading and service offerings by including new markets. These include more than 300 US stock CFDs via MetaTrader 5.
Brokers continue to transfer activity on the MT5 terminal. It is important to expand the base of products and assets into the platform to better serve its clients.
The broker recently informed its clients about these new additions, with a primary focus on blue-chip US companies. These include Roku and Data Dog, as well as many other internationally recognized brands that are US-focused. The ultimate goal of the brand’s offering is to expand its offerings to include single stock CFDs that can be used for different companies around the world. This will be done gradually.
Admirals has added 3,600 tradable assets to its portfolio, which includes stocks, commodities, forex pairs, indices, ETFs, and cryptocurrency markets.
As clients from certain regions (e.g., fund managers, hedge funds and commodity trading advisors) are keen to trade local stocks, the case for increasing assets has grown in recent years.
The statement states that there are more than 3,600 leveraged CFD products available covering Indices, Commodities and Currencies as well as Stocks, ETFs, and stocks.
Admirals is licensed by the UK Financial Conduct Authority, the Australian Securities and Investments Commission and the Cyprus Securities and Exchange Commission. These regulatory approvals enable the brokerage firm’s ability to offer a range of financial services. They are also authorized to provide cross-border services within the EU / EEA, under European passport rights.
Admirals saw significant financial gains in 2022. The company reported a net operating income of EUR43 million in August, compared to EUR35.7 million for the whole 2021. This figure is almost 150 percent higher than the EUR17.3 million it earned in 2021.
The bottom line shows that Admirals’ EBITDA (net profit) and EUR24.3million were EUR23.3 million and EUR24.3 million, respectively. The company made a barely break even in 2021 with a net profit of EUR0.1 million for the twelve months to December 2021.
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