ADN Markets Review (2023)

Is ADN Markets a scam or legit broker?

No, it is not safe to trade with ADN Markets. ADN Markets is own by ADN Markets Ltd. which is an offshore company registered in St. Vincent and the Grenadines.

However, the fact is that St. Vincent and the Grenadines is an offshore zone, which does register the financial investment firm, but provides very poor if none requirements to the company operation. That means, the broker is not regulated, not overseen and does not comply with strict international rules that provide protective measures to the traders. Therefore, it became an offshore zone for shady forex brokers such as CVC Markets, AAG Markets and more.

According to the website, ADN Markets a membership in the international Financial Commission (FinaCom), as they mention the registration number. Even though the FinaCom is a well-respected organization, it is a self-regulatory organization which cannot guarantee the safety of the trading environment and does not regulate the daily operations of the company, therefore can’t provide necessary protection to the client.

From our source, it costs €24,000 per year to become a member. However, and there is no handbook or guidelines for brokers to run their business. Therefore, there is zero protection for traders. You can read our detailed article about the risk of trading with brokers from St. Vincent and the Grenadines.

ADN Markets offers forex, indices, commodities, stocks and also cryptocurrency trading. The website provides two contact numbers with the country codes of the UK and Spain, which means the broker has been targeting the residents of those countries. However, ADN Markets is not regulated by local authorities in either the UK or Spain or actually any other country.
Moreover, the broker has been blacklisted by Spain’s CNMV:

The pages and official sources of the international regulators’ list alert shared with the authority directly or by other countries’ supervisory bodies or transmitted centrally. Those tools and general purpose of the regulatory bodies operate in order to enable stability of the market offerings, protect clients from potential and numerous frauds, enable reliability rules to financial service entities and more. As Forex Birds got no license to operate within the EU and other regulated jurisdictions, the broker was blacklisted and alerted by the EU authority.

Conclusion

We advise all investors and traders avoid ADN Markets and other brokers from St. Vincent and the Grenadines. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as FP Markets and BDSwiss.

You can also share your trading experience with ADN Markets by commenting on this review.

ADN Markets website is no longer active.