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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
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
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
CryptoCurrency

Estonia’s Licensed Crypto Firms Drop 80% under New Regulatory Regime

  • As of summer 2021, Estonia had about 650 licensed crypto service providers.
  • Estonia is considered one of most crypto-friendly nations in Europe.
Monday, 08/05/2023 | 17:53 GMT by Solomon Oladipupo
Retail FX

Admirals Gets South Africa’s Broker License, Plans First Hub in Africa

  • Admirals SA (PTY) Ltd now part of the fintech group.
  • The brokerage firm has opened an office in Cape Town.
Monday, 20/06/2022 | 14:33 GMT by Solomon Oladipupo
Brokers

Estonia Regulator Fines Admiral Markets €20,000 for Reporting Errors

  • The broker operator changed its reporting service provider after the order.
  • It also invested to make its reporting infrastructure better.
Wednesday, 23/02/2022 | 06:52 GMT by Arnab Shome
Brokers

Plus500 Gains a New Regulatory License in Estonia

  • It will allow the broker to operate as an investment firm.
  • Sigrid Aljas is the CEO of the Estonian entity.
Monday, 14/02/2022 | 07:41 GMT by Arnab Shome
News

Finvault Exchange Opens Waiting List to International Customers

  • The digital exchange is licensed and regulated by the Estonian FIU.
  • According to the company, people can register ahead of the soft launch in February.
Monday, 24/01/2022 | 09:05 GMT by Bilal Jafar
Regulation

Estonian Financial Watchdog Calls to Revoke Crypto Businesses Licenses

  • Maeker was appointed to the role at the FIU in May and it is known for its tough stance against money laundering.
Wednesday, 13/10/2021 | 17:02 GMT by Felipe Erazo
Brokers

Estonian Regulator Slapped €32,000 Fine on Admiral Markets AS

  • The regulator found a lack of clarity on the broker's changing terms.
Tuesday, 09/02/2021 | 11:23 GMT by Arnab Shome
News

Security Token Issuance Firm Ignium Partners With Estonian Fundraising Platform

  • Ignium and Fundwise have partnered to provide a security token-based fundraising solution.
Friday, 30/10/2020 | 11:00 GMT by Rachel McIntosh
Brokers

Admiral Markets Achieves Historical Results in H1 2020

  • The first half of 2020 was the most successful year in the broker’s 19-year history.
Friday, 31/07/2020 | 10:40 GMT by Celeste Skinner
Executive Moves

Admiral Markets AS Appoints Victor Gherbovet to Management Board

  • Gherbovet’s appointment will become effective from the 27th of July 2020.
Friday, 17/07/2020 | 02:12 GMT by Celeste Skinner
Regulation

How Will the New Estonian Framework Impact Its Crypto Exchange Market?

  • Will Estonia continue to be one of the world's friendliest crypto countries?
Saturday, 25/04/2020 | 20:51 GMT by Ella Rosenberg
News

BitBay Operator Gains Estonia License, Planns to Launch IEO Platform

  • The migration of operations to the new operator will be done on November 1.
Friday, 18/10/2019 | 08:03 GMT by Arnab Shome
Technology

TraducationFX Launches Proprietary Algorithm for FX Brokers

  • The algorithm is the company’s latest generation of trading signals.
Wednesday, 18/09/2019 | 08:11 GMT by Celeste Skinner
News

WEG Bank Secures Crypto Trading License from Estonian Regulator

  • More than 30 percent of the bank is owned by crypto companies.
Monday, 26/08/2019 | 18:13 GMT by Arnab Shome
News

Scammers Gonna Scam: Paxful CEO Speaks on Nigerian Controversy

  • Paxful was recently accused of unfairly blocking the accounts of Nigerian users. Ray Youssef tells Paxful's side of the story.
Monday, 22/04/2019 | 09:07 GMT by Rachel McIntosh
Regulation

Estonian Regulator: Banks Still Serving Unacceptable Clients

  • Andre Nomm also said that some banks in the country are now subject to a more severe supervisory regime
Wednesday, 10/04/2019 | 16:08 GMT by David Kimberley
Brokers

Admiral Markets Invests €150,000 in Fintech Firm Bankish

  • Admiral invested in the fintech to support its expansion plans.
Friday, 22/03/2019 | 12:55 GMT by Celeste Skinner
News

Fintech Company Aave Receives Cryptocurrency Licenses in Estonia

  • Aave has gained two crypto licenses, allowing the company to provide wallet and exchange services
Thursday, 24/01/2019 | 11:55 GMT by Finance Magnates Staff
Regulation

BaFin Orders Euro Wealth OÜ to Cease Trading Immediately

  • Earlier this week the regulator ordered the immediate cessation of cross-border proprietary trading.
Friday, 11/01/2019 | 13:43 GMT by Celeste Skinner
Regulation

Don’t Deal with Estonian Broker 4XFX, ASIC Warns

  • 4XFX is unlicensed in Australia to provide financial services and it could be involved in a scam.
Thursday, 10/01/2019 | 07:56 GMT by Celeste Skinner
News

ECB Policy Maker Calls Crypto a ‘Load of Nonsense’

  • Estonia remains one of the most crypto friendly nations despite its central bank governor’s criticisms.
Tuesday, 08/01/2019 | 09:33 GMT by Arnab Shome
News

Estonia to Beef Up Cryptocurrency Laws

  • The Baltic state is adapting its law to EU anti-money-laundering legislation.
Monday, 03/12/2018 | 15:53 GMT by Simon Golstein
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