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Executive Moves

Exclusive: After 11 Years at Trive (Formerly GKFX), Materla Returns as European Hub CEO

Materla, former Managing Director at Admirals, moves back to Trive as CEO of their "Trive Hub" division.
He will lead Partner Business and Business Development across Europe.

Saturday, 14/09/2024 | 08:40 GMT by Damian Chmiel

Executives

Admirals Veteran Takes on Head of B2B Role at NAGA after 3 Years

Eugene Danishkin was COO of a fintech B2C company and held senior roles at FX brokers.
He also continues to run his own consulting firm, MBC Ltd., based in Cyprus.

Wednesday, 11/09/2024 | 15:04 GMT by Tareq Sikder

Executives

Capital.com's Mihail Petkov Joins Admirals as Head of Client Services

Most recently, Petkov served as Head of Back Office at Capital.com.
Petkov previously worked for Trading 212 in various roles, including On-Boarding Supervisor.

Thursday, 05/09/2024 | 15:25 GMT by Jared Kirui

Retail FX

Admirals Group Cuts Operating Expenses by 9% and Improves Net Loss in H1

The firm increased trading revenue by 4% and achieved positive EBITDA.
Last April, it suspended customer onboarding for its EU operations to comply with CySEC.

Friday, 30/08/2024 | 12:45 GMT by Tareq Sikder

Retail FX

FCA Flags Clone Firm Impersonating Admiral Markets UK

The fraudulent firm operates under the name admrlmrkts.co and uses several email addresses, including support@admrlmrkts.co.
The clone firm is reportedly contacting unsuspecting individuals using contact details similar to those of the legitimate company.

Thursday, 13/06/2024 | 18:58 GMT by Jared Kirui

Retail FX

Admirals UK Pivots to Profitability as 2023 Revenue Jumps 40%

The FCA-regulated entity turned a net profit of over £46,000.
Its annual revenue reached £8.4 million.

Tuesday, 23/04/2024 | 06:31 GMT by Arnab Shome

Institutional FX

Admirals' Former CEO Victor Gherbovet Launches SaaS Solution Startup

FirstByt offers various services, including crypto wallet, payment gateway, custody, and liquidity solutions.
Gherbovet served in various roles in his 13-year tenure at Admirals.

Tuesday, 16/04/2024 | 16:08 GMT by Jared Kirui

Retail FX

Admirals Suspends New Client Registrations in the EU

This action does not affect the firm's existing clients.
Investing activities of Admirals' current clients are also not affected.

Thursday, 04/04/2024 | 15:35 GMT by Jared Kirui

Retail FX

Acuity Collaboration's Advanced Analytics Transforms Admirals' MT4 and MT5

The terminal includes the Corporate Calendar, designed to keep stock traders prepared for upcoming events.
The integration with Dow Jones enhances the platform by centralizing articles, diverse datasets, and insights.

Tuesday, 12/03/2024 | 13:34 GMT by Tareq Sikder

Retail FX

Admirals Unveils Analytical Research Terminal for MT4 and MT5: Report

This company aims to enable traders to access the latest market data and analytical tools.
The new offering features multiple tools, including a corporate calendar, economic calendar, and integration to Dow Jones.

Tuesday, 05/03/2024 | 12:37 GMT by Jared Kirui

Interviews

Admirals’ Incoming CEO Alexander Tsikhilov Confirms “Changes in the Composition of Staff”

Tsikhilov will replace Sergei Bogatenkov, who will depart from the company at the end of February.
Under Tsikhilov, the the broker will focus on "resource rebalancing, adjusting the strategic focus on geography and products."

Tuesday, 27/02/2024 | 10:00 GMT by Arnab Shome

Executives

Admirals Group Confirms Leadership Reshuffle: Sergei Bogatenkov Steps Down as Chairman

Alexander Tsikhilov will become the Chairman of the Board of Management, effective March 1, 2024.
Admirals' Supervisory Board will transition from February 5 to February 29, 2024.

Thursday, 08/02/2024 | 19:46 GMT by Jared Kirui

Executive Moves

Admirals Group Shuffles Board Structure, Ousts CRO from Management Board

Anton Tikhomirov has been moved from supervisory to management board.
Daniel Skowronski has been recalled from the management board.

Tuesday, 09/01/2024 | 06:53 GMT by Arnab Shome

Retail FX

Admiral Markets (Once Again) Impersonated by Fraudulent Clone, FCA Reports

The clone impersonated Admirals trading brand using false details to deceive investors.
Clone firms pose serious risks, including fraud and unregulated operations.

Thursday, 04/01/2024 | 10:01 GMT by Damian Chmiel

Retail FX

Admirals Chooses Onfido to Streamline Client Verification

The popular fintech partners with Onfido to improve European client onboarding
Onfido's tech will enhance security and compliance for Admirals.

Wednesday, 20/12/2023 | 09:02 GMT by Damian Chmiel

Retail FX

Admirals Onboards New Liquidity Provider after Trading Platform Launch

Match-Prime is going to provide multi-asset liquidity to Admirals' clients.
The Cypriot liquidity provider enhanced its services with multiple partnerships.

Tuesday, 14/11/2023 | 10:18 GMT by Arnab Shome

Executives

Exclusive: Admirals Unveils Trading Platform; Overcoming Rebranding's "Lost Opportunities"

The broker is offering a new trading platform, along with MT4 and MT5, developed in-house.
"Lost opportunities" is the loss of organic traffic associated with the rebranding.

Friday, 10/11/2023 | 08:19 GMT by Arnab Shome

Brokers

Admirals UK's Loss Deepens in 2022 despite Estonian Parent Turned Record Figure

The UK unit's revenue for last year came in at £6.04 million.
It has closed several EU branches following Brexit.

Wednesday, 01/11/2023 | 07:14 GMT by Arnab Shome

Retail FX

Admirals Fails to Convert 96% More Active Users into Trading Profit in H1

Net loss came in at €4.8M, which is in stark contrast to a net profit of €24 million in H1 2022.
Similarly, the online trading group's revenue plunged 50% to €21.1 million.

Thursday, 31/08/2023 | 20:06 GMT by Solomon Oladipupo

Institutional FX

Admirals Launches Auto-Invest: Unveils Trading Plans across 3,000+ Stocks

The fintech company has also introduced Auto-Invest-supported plans for ETFs.
Admirals described the new offering as a way to reduce manual intervention and increase execution speed.

Friday, 25/08/2023 | 12:56 GMT by Jared Kirui

Executives

Admirals Hires SquaredFinancial’s Daniel Skowronski as Revenue Chief

Skowronski brings over 25 years of experience to the new role.
Previously, he led OANDA and Alpari as the CEO of EMEA and UK, respectively.

Thursday, 15/06/2023 | 17:02 GMT by Solomon Oladipupo

Retail FX

Admirals Group to Withdraw Estonian License amidst Global Consolidation

Admirals said it will merge the subsidiary with the parent company.
The firm also plans to repurchase €1.9M of its Tier 2 bonds.

Thursday, 18/05/2023 | 16:15 GMT by Solomon Oladipupo

Retail FX

Admirals Strengthens African Presence with New Offices in Nigeria

The brokerage received a license in South Africa and Kenya last year.
Admirals posted a record year in 2022 with €69M in revenue.

Monday, 01/05/2023 | 15:10 GMT by Solomon Oladipupo

Brokers

Admirals Ends 2022 with Record Revenue despite Poor H2

The broker ended the year's second half with a net loss of €0.5 million.
It added 16,113 new clients in 2022.

Wednesday, 01/03/2023 | 06:57 GMT by Arnab Shome

Executives

BDSwiss' Chief People Officer in Cyprus Leaves after a Year

Natale Mastoroudes joined BDSwiss in Jan. 2022 as the Head of HR.
Thomas Pantazis, the Head of Country Partnership at Admirals Australia, is also leaving.

Friday, 24/02/2023 | 20:58 GMT by Solomon Oladipupo

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