Admirals have announced a temporary suspension of new client registrations in the European Union (EU) in response to regulatory challenges and the implementation of new standards by the Cyprus Securities and Exchange Commission (CySEC).

The decision to halt onboarding new clients in the EU reflects Admirals’ proactive approach to compliance and its commitment to adapting to evolving regulatory requirements. With the forex industry subject to constant regulatory scrutiny and changes, the company aims to ensure that its operations align with the latest standards, safeguarding the interests of both clients and stakeholders.

Navigating Regulatory Challenges: Admirals Suspension of Client Registrations in EU

CEO and co-founder of Admirals, Alexander Tsikhilov, talked about the importance of this decision while reassuring existing clients that their access to the platform and services will remain uninterrupted. Tsikhilov emphasized that while regulatory compliance is paramount, Admirals is dedicated to providing a seamless experience for its clients, maintaining a balance between regulatory obligations and customer service.

“Working in the industry means being ready for change, and we understand the importance of simplicity and flexibility in management approaches and strategic development. Therefore, we have an ethical obligation to act by these decisions and respect the environment in which we operate,” added Tsikhilov.

Admirals’ commitment to regulatory compliance reflects its long-term vision of sustainable growth and responsible business practices. By voluntarily pausing new client registrations in the EU, the company aims to streamline its operations and strengthen its compliance framework, ultimately enhancing trust and confidence among clients and regulatory authorities alike.

While the suspension may cause temporary inconvenience for prospective clients in the EU, Admirals remains steadfast in its commitment to upholding the highest standards of integrity, transparency, and regulatory compliance. The company’s proactive approach to regulatory challenges underscores its dedication to maintaining a strong and sustainable presence in the global forex market.

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