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Armada
Armada Broker Overview
Here is every key fact about Armada in one table — regulation, contact details, deposit rules, leverage, spreads, platforms and account features.
| Feature | Armada |
|---|---|
| Broker name | Armada |
| Foundation year | 2012 |
| Headquarters | Armada Markets ASTornim�e 7-71, 10145 Tallinn, EstoniaRegistration no: 12189652VAT no: EE101494625Foreign exchange license no: VVT000289Precious metals brokerage license no: KHK010800 & KJK043569 |
| Country | Estonia |
| Telephone | +372 686 3163 |
| Email / Skype | Skype: armadamarkets E-mail: support@armadamarkets.com |
| Fax | +372 686 3163 |
| Regulated by | FSP |
| Type of broker | ECN,STP |
| Min. deposit | US $100 |
| Max leverage | 1.500 |
| Min. spreads | 0.0 |
| Funding methods | AlertPay GlobalDigitalPay Liberty Reserve LiqPay Wire |
| Withdrawal methods | AlertPay GlobalDigitalPay Liberty Reserve LiqPay Wire |
| Base currencies | USD |
| Languages | Arabic Chinese Danish Dutch English French German Hindi indonesian |
| Trading platforms | MetaTrader 4 (MT4) (MT5) MetaWeb |
| Web trading | ✓ Yes |
| Mobile trading | ✓ Yes |
| News trading | ✓ Yes |
| Hedging & scalping | ✓ Yes |
| Free demo account | ✓ Yes |
| Mini accounts | ✓ Yes |
| VIP accounts | ✓ Yes |
| Managed accounts | ✓ Yes |
| Segregated accounts | ✗ No |
| Islamic accounts | ✓ Yes |
| Swap free accounts | ✓ Yes |
| No deposit bonus | ✓ Yes |
| Promotion | Yes |
In simple words: traders get MetaTrader 4 (MT4) (MT5) MetaWeb, spreads from 0.0, leverage up to 1.500 and a US $100 minimum deposit. New clients can also check the current Yes.
Is Armada Safe? Regulation and Company Details
Armada is a regulated broker. FSP.
Regulation
FSP
Head office
Armada Markets ASTornim�e 7-71, 10145 Tallinn, EstoniaRegistration no: 12189652VAT no: EE101494625Foreign exchange license no: VVT000289Precious metals brokerage license no: KHK010800 & KJK043569 (Estonia)
Client funds
The broker does not list segregated client accounts.
Track record
In business since 2012. Support is reachable by phone and email.
Tip: Always check the licence number on the regulator's own website. Offshore regulators do not offer the investor compensation schemes or leverage caps of top-tier regulators such as the FCA or CySEC, which is why leverage here can reach 1.500.
Armada Trading Conditions
Spreads and commissions
Armada spreads start from 0.0. Raw-spread style accounts usually charge a small commission per lot, while commission-free accounts have wider spreads. If you trade often or scalp, the raw option is usually cheaper.
Leverage
Maximum leverage reaches 1.500, depending on the account type and the instrument you trade. High leverage lets you open bigger positions with less margin, but losses grow just as fast.
Trading platforms
MetaTrader 4 (MT4) (MT5) MetaWeb
Web platform
Trading styles allowed
Hedging, scalping and news trading are allowed — good news for short-term traders. Web and mobile trading are available.
This Armada review covers regulation, fees, platforms and bonuses.
Official website: Armada
Armada Account Types
Armada offers several account options so both beginners and experienced traders can find a fit. Live accounts start from a US $100 deposit.
Free demo account
Practise with virtual money and test strategies risk-free.
Mini accounts
Smaller trade sizes and a low entry cost for beginners.
VIP accounts
Tighter pricing and priority service for larger balances.
Managed accounts
Let a strategy provider or money manager trade for you.
Islamic / swap-free
No overnight swap charges, in line with Sharia principles.
You can open accounts in these base currencies: USD. Choosing the currency you spend in helps you avoid conversion fees.
Deposits and Withdrawals at Armada
Armada supports the same methods for funding and withdrawals. Withdrawals normally go back to the method you used to deposit.
E-wallets are usually the fastest. Bank wires take longer and your bank may charge a fee. Finish identity verification (KYC) early so your first withdrawal is not delayed.
Armada Bonus and Promotions
Bonuses are a big reason traders search for Armada. Availability depends on your country and the account type.
- Yes — the current promotion for Armada clients. Check the volume rules before you claim it.
- No deposit bonus — free trading credit for new verified clients, without funding first.
How bonus credit really works
- Bonus credit is used as margin; it usually cannot be withdrawn directly.
- Profits made with the bonus are yours, but a minimum trading volume often applies first.
- Withdrawing money early can remove part or all of the bonus.
- Bonuses are not offered in every country or on every account type.
Bonus terms change often. Always read the latest rules on the official Armada website before accepting any offer.
Armada Pros and Cons
Pros
- Regulated: FSP
- Yes
- Low US $100 minimum deposit
- Spreads from 0.0, ECN,STP execution
- MetaTrader 4 (MT4) (MT5) MetaWeb
- Hedging and scalping allowed
- Islamic, mini, VIP and managed accounts
Cons
- No segregated client accounts
- Bonus comes with trading-volume rules
How to Open an Armada Account
- RegisterFill in your name, email, country and phone number on the Armada sign-up page.
- Verify your identityUpload a photo ID and a proof of address (utility bill or bank statement).
- Choose an accountPick the account type, base currency, leverage and platform (MT4MetaWeb).
- Fund and tradeDeposit from US $100 with your preferred method, claim any eligible bonus, then log in and start trading.
About Armada
Armada Review: An Overview
Armada is a forex and CFD broker established in 2012 and based in Estonia. It operates as an ECN and STP broker, which means client orders are passed on to liquidity providers rather than being handled only in-house. The company is regulated by FSP, and its head office is at Armada Markets, ASTornimäe 7-71, 10145 Tallinn, Estonia.
Armada aims at a broad range of traders. Its account menu includes a free demo account, mini accounts, VIP accounts, Islamic swap-free accounts and managed accounts. The minimum deposit is US $100, leverage is listed up to 1.500, and spreads start from 0.0. The sections below look at each part of the offer so you can judge whether it suits your trading style.
Trading forex and CFDs on leverage carries a high risk of losing money. Leverage magnifies gains and losses alike, so only trade with money you can afford to lose.
Regulation and Safety
Armada is regulated by FSP. Regulation matters because a licensed broker must follow rules on conduct, reporting and capital, and regulators can act if a firm breaks them. Armada also holds the following licences and registrations, as listed on its profile:
- Foreign exchange licence no: VVT000289
- Precious metals brokerage licences no: KHK010800 and KJK043569
- Registration no: 12189652
- VAT no: EE101494625
Before you open an account, check these numbers on the official website and, where possible, on the regulator's own register. Confirm that the entity you sign up with is the one holding the licence.
One point deserves particular attention. Armada does not segregate client funds. Segregation means client money is kept apart from the company's own money, which can help clients recover funds if the broker runs into financial trouble. Without it, your deposits may be exposed to the broker's financial position. This does not make Armada unsafe by default, but it is a factor you should weigh carefully against the regulation and other protections the broker offers.
Account Types
Armada offers several account types, which makes it possible to match the account to your experience and budget:
- Free demo account: lets you practise with virtual funds before committing real money. This is a useful step for newer traders learning the platform.
- Mini accounts: designed for traders who want to start with smaller positions and a lower entry level.
- VIP accounts: aimed at more active or higher-volume clients. Check the official site for the conditions attached to this tier.
- Islamic swap-free accounts: structured without swap charges for clients who cannot or prefer not to pay or receive swap for religious reasons.
- Swap-free accounts: available as a separate option for clients who want to avoid overnight swap costs.
- Managed accounts: allow clients to have their account handled by a professional manager. Read the terms closely, as managed arrangements carry their own risks and costs.
Account base currency is USD. If you plan to fund your account in another currency, check how the conversion is handled and whether any charges apply.
Trading Platforms
Clients can trade on MetaTrader 4 (MT4), MetaTrader 5 (MT5) and MetaWeb. MT4 and MT5 are widely used by retail traders, so there is a large pool of guides, indicators and expert advisors available for them. MetaWeb is an additional option offered by Armada.
Armada supports web trading, so you can trade from a browser without installing software, and mobile trading for use on the go. If you switch between a desktop and a phone, check that your preferred platform works on both before you commit to an account.
Trading Rules
Armada permits hedging, scalping and news trading. Many brokers restrict one or more of these strategies, so this is a useful feature for active traders. Even so, scalping and news trading can be costly and fast-moving, and hedging can make positions harder to manage. Make sure your strategy fits the platform's execution and the account conditions.
Spreads, Fees and Leverage
Spreads at Armada start from 0.0. Spread is the difference between the buy and sell price, and it is one of the main costs of trading. Minimum spreads are not the same as typical spreads, which vary with market conditions, the instrument traded and the time of day. Ask yourself how spreads behave during volatile news releases, not only at quiet times.
Armada's listed leverage is up to 1.500. Higher leverage lets you control larger positions with less capital, but it also means small price moves can wipe out your balance quickly. Leverage may be lower depending on your country of residence and account type, so confirm the figure that applies to you before trading.
Details of commissions, overnight swap rates and other charges are not set out in the profile information. Check the official website for the current fee schedule and the account conditions before you deposit.
Deposits and Withdrawals
Armada accepts deposits through AlertPay, GlobalDigitalPay, Liberty Reserve, LiqPay and bank wire. Withdrawals use the same list of methods. The minimum deposit is US $100.
Before you deposit, look closely at the payment options. Liberty Reserve, a digital currency service, was shut down by US authorities in 2013, so you should confirm whether it is still a working option for Armada clients. Ask the broker's support team, and check any fees, processing times and withdrawal limits for each method. Bank wires are generally slower but more traditional, while e-wallets are usually faster but may have their own limits.
Bonuses and Promotions
Armada offers a welcome bonus, a no-deposit bonus and other promotions. Bonuses can be attractive, but they usually come with conditions such as trading volume requirements, withdrawal restrictions or expiry dates. The amounts and terms are not given in this review, so read the full bonus conditions on the official website before claiming any offer.
Be careful with promotions in general. A bonus does not change the risk of trading, and it can make it harder to withdraw funds if you do not understand the rules. If you are comparing bonus offers across brokers, look at the conditions rather than only the headline figure.
Customer Support and Languages
The Armada website is available in Arabic, Chinese, Danish, Dutch, English, French, German, Hindi and Indonesian. This is helpful for clients who prefer to read in their own language. The profile does not list the support channels, opening hours or response times, so visit the official site to confirm how to reach the team. Test the support before depositing by sending a pre-sales question. The speed and clarity of the answer can tell you a lot about the service you will receive later.
Pros and Cons
Pros
- ECN and STP execution model
- Regulated by FSP
- Low minimum deposit of US $100
- Leverage listed up to 1.500
- Spreads from 0.0
- Three platforms: MT4, MT5 and MetaWeb, plus web and mobile trading
- Free demo account for practice
- Range of account types, including Islamic, swap-free, mini, VIP and managed accounts
- Hedging, scalping and news trading allowed
- Website available in nine languages
- Welcome, no-deposit and other bonuses available
Cons
- Client funds are not segregated
- Commission, swap and fee details are not given in the profile and must be checked on the website
- Some listed payment methods, including Liberty Reserve, need to be verified before use
- Leverage may be lower depending on country and account type
- Bonus conditions can be restrictive and must be read carefully
- Support channels are not described in the profile information
Verdict
Armada is a flexible broker with a wide account range, several platforms, a low minimum deposit and permissive trading rules. It suits traders who want MT4 or MT5 with an ECN-style execution model, and Islamic or managed account options. The FSP regulation is a positive, and the published licence numbers allow you to verify the company's status.
The lack of segregated client funds is the most important concern. Combined with the need to confirm payment methods and read the bonus and fee details, it means you should do your own checks before depositing. Open a demo account first, test the platform and support, and only deposit an amount you can afford to lose. Trading forex and CFDs on leverage carries a high risk of losing money.
Frequently Asked Questions
Is Armada regulated?
Risk warning: Leveraged products such as forex and CFDs may not suit all investors and carry a high risk to your capital. Make sure you understand the risks, consider your goals and experience, and seek independent advice if needed.
Final Verdict: Should You Choose Armada?
Armada offers a US $100 entry cost, MT4MetaWeb platforms and a track record since 2012.
Armada suits traders who understand the risks of leveraged CFD trading. Start small, test a withdrawal early and use sensible leverage.
