Admirals Suspends New Client Registration in EU

Admirals, a forex and CFD broker, has halted the registration of new clients in the EU due to regulatory challenges. However, the trading and investing activities for existing clients are not affected by this "temporary and voluntary" suspension.

Admirals' CEO and Co-Founder, Alexander Tsikhilov, mentioned: "We are temporarily suspending the onboarding for Admirals Europe Ltd. This decision is related to our efforts to comply with and adapt to the recommendations of the CySEC regulator and affects only our activities in the EU countries. Our current customer base in Europe remains intact, and we will continue to ensure stable access for our clients to our products and services."

"Working in a field where changes are the norm, we understand the importance of being flexible and proactive in our management and strategic development approaches. We, therefore, have an ethical obligation to act in accordance with this decision and with respect for the environment in which we operate."

Admirals plans to adjust its procedures and offerings to meet all the regulatory requirements in the EU. The firm is working with CySEC to meet the regulatory demands and resume full operations in the region.