Admirals Resumes Onboarding of New EU Clients After Temporary Pause

Admirals resume onboarding new EU clients after a temporary pause, reinforcing compliance and aiming to regain market strength amid financial challenges.

Estonia-based retail FX and CFDs broker Admirals has announced the resumption of onboarding for new clients in the European Union. This decision follows what the company described as a “temporary pause” earlier in 2024.

Last April, Admirals halted client onboarding in the EU through its Cyprus-based, CySEC-licensed subsidiary, Admirals Europe Ltd. The pause came in the wake of a 2023 restructuring, during which the company relinquished its license in Estonia, its home country.

Admirals emphasized that the pause was necessary to strengthen its compliance framework and align with evolving financial regulations. The company reiterated its commitment to regulatory compliance and maintaining the highest industry standards in the European Union. Despite the temporary suspension, existing clients continued to receive uninterrupted service.

Admirals Resumes Onboarding of New EU Clients After Temporary Pause

With the resumption of onboarding activities, Admirals aims to regain momentum and attract new clients while maintaining a high level of service for its existing customer base. The broker stated that its recent changes and updates reflect close collaboration with CySEC. By reinforcing its market position, Admirals seeks to establish itself as a strong and reliable partner in the financial trading sector.

However, Admirals faces financial challenges as it moves forward. The company’s revenue dropped by 25% in the second half of 2024, reaching its lowest levels since the previous decade. Additionally, Admirals has reported its fifth consecutive semi-annual net loss.

Despite these setbacks, the company remains optimistic about future growth. By resuming onboarding in the EU and reinforcing its compliance measures, Admirals hopes to strengthen its presence in the competitive FX and CFDs market. The firm is now focused on rebuilding its client base and regaining financial stability.

As the broker moves ahead with these changes, industry observers will be watching closely to see how Admirals navigates the evolving regulatory landscape and its ongoing financial challenges.

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