Admiral Markets Review
Our Admiral Markets review shows the company came into existence in 2001, making it one of the oldest forex brokers in the market. They have been in the market for close to 20 years now, making them easy to evaluate. In our experience, brokers who last very long in the market, do so only because they deliver what they promise.
Admiral Markets is one of the best global traders, with their head office operating out of the U.K.
Our Admiral Market review will focus on what makes them the best forex broker, why they have lasted so long in the market, and if they are the right broker for you. Admiral Markets regulation is overseen by two tier-1 agencies and two tier-2 agencies.
With that in mind, you can sign up for Admiral Markets accounts, knowing that you are safe and protected.
After spending 20 years serving traders, Admiral Markets have mastered the art of providing customers with the best tools for analysis, the best platform integrations, and features that make trading more accurate.
Admiral Markets education provision is one of the best in the market. They cover many topics in a very comprehensive manner, ensuring that no student of their course, misses out on the important facts.
With a massive catalogue of more than 4000 tradable financial instruments, traders can practice diversification of capital and put their eggs in different baskets.
Admiral Market spreads come in at a low 0.1 pips when trading on the Zero MT4 account.
What We Like Pros & Corns
- Seasoned traders can acquire high leverage of up to 500:1.
- They have WebTrader, which allows for online execution of orders and 24-hour access to Forex trading through MetaTrader 4 and MetaTrader 5(MT4, MT5).
- They have an excellent customer service that is backed by a 24/5 multilingual customer support.
- They provide 3844 instruments, including 55 forex pairs and CFDs, 26 commodities, 32 cryptocurrencies, 40 indices, and two bonds with which investors can trade on over 5000 markets.
- They offer the best trading educational content, research, and courses that include free webinars.
- They provide a high level of safety by executing the negative balance protection policy.
What Admiral Markets Could Improve
- The unique MT4 and MT5 application add-ons present in the desktop platform are not accessible on the mobile trading platform.
- Payment options are limited to only bank wires, credit/debit cards, and Skrill.
Admiral Markets Regulation
Admiral Markets is one of the safest brokers in the market. The Admiral Markets regulation page shows that they are regulated by:
- The U.K.'s Financial Conduct Authority (FCA)
- Australian Securities and Investments Commission (ASIC)
- Cyprus Securities and Exchange Commission (CySEC)
- Estonian Financial Supervision Authority (EFSA)
We checked all the regulatory agencies listed to ensure that Admiral Markets regulation was accurate and found no inconsistencies.
As part of our Admiral Markets review research, we uncovered information about additional protections offered by this broker. They include:
- They are annually publishing publicly available reports about their activities and financials.
- Offering negative balance protection to ensure that you do not lose more than you invested
- Being a part of the FSCS (Financial Services Compensation Scheme)
- The segregation of company funds from client funds with credit institutions governed by strict EEA rules.
With that in mind, you can see why our Admiral Markets review says that they are safe. Traders worry about being defrauded every time. At Admiral Markets, you can trade in a safe environment that is designed to protect you.
Admiral Markets Bonus for Deposits and Promotions
Admiral Markets doesn't offer any bonuses or promotional schemes due to the regulatory policies. Also, note that the cash rebate program is only available for professional clients.
Admiral Markets Deposit Options
When it comes to making payments, customers will always want to use the most reliable and convenient method. Most firms strive to offer a wide range of payment options to help customers have the best choice.
Unfortunately, Admiral Markets has limited deposit and withdrawal options, making it a bit difficult for customers to complete their transactions. Those who use Skrill, for instance, have to pay a 0.9% fee.
The other options are, however, generally free except for third-party charges. Traders will, therefore, need to choose the most convenient method of payment. The firm offers the following payment methods:
- Bank transfers
However, these choices are varied enough for most clients to find a way to fund an account or withdraw money without any issues.
Admiral Markets Withdrawal Options
Investors can make their withdrawals via bank wire transfer from the Trader's room area. Withdrawals can also be made via credit cards, Skrill, Neteller, Cryptos, and Wire Transfer.
Admiral Markets Account Opening
For one to access Admiral Markets services, a trader is required to create an account. The first step will require one to send a copy of their ID and a document that describes their residency. The next step will involve checking the AML/KYC requirements, and if a trader meets them, they will have successfully opened their accounts.
Having an account enables a trader to gain unlimited access to Forex trading via the popular MT4, MT5 platforms once they make their deposit.
After registration, users are allowed to login and access the Admiral Markets Trader's Room. From here, they can open Admiral Markets live accounts or Admiral Markets demo accounts. There are also options for downloading the various Admiral Markets platforms provided.
To open the Admiral Markets live accounts, simply click where it says Open Live Account. Some prompts will appear. You can follow them and answer the questions to get accepted.
You will be required to have proof of identity and proof of address before you start trading. It is easy to finish this portion of the account opening process if you prepare for it. Have copies of your national ID, state-issued ID, passport, or other official identification to confirm your identity.
For confirming the address, you need recent utility bills, bank statements, or other official documents clearly showing your address.
Admiral Markets Account Types
Investors who are ready to trade are provided with several accounts from which they will be able to choose the best, based on their analysis. These accounts are based on which platform you are using. There are accounts for MetaTrader 5 and others for MetaTrader 4.
The firm also offers a demo account for traders who are new in the industry. In addition to that, there's also an Islamic account for Muslim customers.
We will review the major accounts separately so that you will be able to decide on which account is best for your trading needs by the end.
NOTE: The details for each account, change slightly, based on your jurisdiction. There are differences for customers operating under CySEC, ASIC, or FCA. Always check that you have clicked on the right jurisdiction on the Admiral Markets website to get the details for your specific country.
Admiral Markets MT4 Accounts
Admiral Markets Trade.MT4This account offers traders with many features while helping them to deal with a variety of trading instruments. With the minimum deposit for this account being set at 100USD/EUR/GBP/CHF, you get to start trading confidently with instruments such as forex, indices stocks, and bonds.
Retail clients have their forex trading leveraged at 20:1 to 30:1. Professionals can, however, get up to 500:1 leverage.
The minimum Forex order is 0.01 lots, while the minimum spread is 0.5. The account allows only 200 open and pending orders at a time.
- Admiral Prime Zero.MT4
This account gives users access to more markets compared to the standard account. Those who wish to carry out CFD trading on spot energy, spot metals, and cash indices should aspire to invest in this account.
Minimum spreads start at zero, and there are commissions provided that range from $0.0 to $1.80 per lot. The leverage ratio remains the same in this account.
Admiral Markets MT5 accounts
- Admiral Markets Trade.MT5
The minimum deposit for this account is also $100, and once you have activated yours, you will be able to access all asset classes and thousands of tradable instruments. Base balance currencies remain the same as those for the MT4 accounts.
This account's unique feature is that it allows up to 500 open and pending orders at a time. Other features that are provided by Admiral Markets Trade.MT5 account includes:
- Expert advisors
- One-click trading
- Level II pricing
- Special settings
- MetaTrader Supreme Edition add-on
As with the others, you will get an Islamic account option when trading with this one.
- Admiral Invest.MT5
This account is the one recommended for professional investors, as the name suggests. However, this does not mean that it is only limited to experienced professionals. Retail customers can also use it to benefit from its offerings, which include 4,350+ stocks and up to 500 ETFs.
The account is different from others in that it supports the exchange execution format for one's trades.
It offers the same things as Trade.MT5 account except for the following:
- There is no stop-out for retail clients.
- No negative balance protection
- No Islamic option
- No hedging
- No maximum or minimum order size.
The best way to understand what this account is like is to trade using Admiral Markets demo accounts and see more detail.
NOTE: The minimum deposit on this account is $1.
- Admiral Markets Zero.MT5
Admiral Markets Zero.MT5 is the same as the first two in many regards. With it, you can only trade currencies, metals, cash indices, and energy CFDs. The leverages for forex and indices are the same as those of Trade.MT5.
The maximum order size is 200, and maximum open and pending orders are capped at 500. The only thing different is that you cannot get an Islamic option when using this account.
A trader can choose to open any of these accounts after conducting their analysis and deciding on the most preferred conditions to trade with. Since you now know the types of accounts being offered and their budgets, let's move on to the trading platforms.
Admiral Markets Trading Platforms
Traders are provided with the ultimate flexibility to access all the forex trading platforms and get whatever they want with ease. The firm provides the MetaTrader 4 and MetaTrader 5 trading platforms alongside MetaTrader WebTrader.
Both MT4 and MT5 are available for download on desktop and mobile. Customers can also access the trading portfolio via the web by using the WebTrader platform.
An improvement that was made by Admiral Markets involved the launch of the MetaTrader Supreme add-on, which is available for both MT4 and MT5 trading platform.
Let us now break down all the platforms and see what they offer.
- MetaTrader 4
This trading platform is the most popular platform in the world. It provides customers with access to trading markets across the globe. Through this platform, you can carry out your Forex and CFD trading while executing your deals safely and reliably.
Once in this environment, you will have access to one-click trading, multiple languages support, tools for technical analysts, advanced charts, and automated trading with expert advisors (EA).
- MetaTrader 5
This upgraded version of MT4 has the following to provide:
- Superior trading and charting tools
- Trader's education
- Market information and news
- VPS support
- Level II pricing
- Automated trading
The platform is compatible with the desktop and mobile. Currency and CFD trading can be done here confidently. The interface provided is also user friendly, enabling traders to navigate easily across the platform.
- Supreme MetaTrader Edition
The add-on distinguishes Admiral Markets from its rival brokers. It gives users access to:
- Technical insight for detailed technical analysis
- The Global opinion that detects any shifts in the undercurrents of a given financial market
- Mini Terminal to manage your positions
- Tick chart trader that keeps track of the price records
- The indicator packages
- The trading simulator
The twelve Expert Advisors and twenty additional custom indicators present in the MetaTrader Supreme won't fail you.
This web-based platform is compatible with almost all devices, operating systems, and browsers. One-click trading, live quotes, superior charting tools, and many different timeframes are some of the benefits you will get once on this platform.
Top Admiral Markets Additional Features
Admiral Markets offers many unique opportunities to traders, but there is nothing they have, which can top the MetaTrader Supreme Edition plugin. The broker created it for its traders. Here are some of the thing's you can enjoy when using the plugin.
- Technical Analysis with Trading Central
Technical insight is the trademarked tool that enables actionable analysis on every financial instrument, to help traders optimize their decisions. The analysis is optimized and proactive, with educational guidance and options you can customize to get the desired outcomes.
There is an indicator called Forex Featured Ideas, which delivers a vast set of unbiased ideas using the award-winning Trading Central's pattern recognition algorithm.
- Global Opinion
You can now improve your trading performance with widgets for both MT4 and MT5. These widgets make it easy for you to navigate and have a clear view of everything you are doing on one dashboard.
- The Mini-Terminal
You can now open and manage your trading positions with ease. The mini-terminal brings efficiency with preset stop-loss, trailing stop, and take-profit levels. There are an integrated lot-size and margin calculator with order templates for OCO and OCA order types.
You will also get smart order lines for partial closing, varied and time-based stops, fast order reversal, and hedging.
- The Trade Terminal
The trading terminal has everything you will find on the mini-terminal and more. With options for multi-currency trade management, easy order template creation, multiple order partial closing, and notifications for different accounts, you can stay on top of all your trades.
- Tick Chart Trader
You can easily see the price movement and find the best entry price or track price action. The track price movements, different chart types, and direct trading from the tick chart are some of the benefits you get with this tool.
- Real-time News in MetaTrader
You can get your news directly on the platform without having to rely on third party sources. The economic calendar, RSS-feeds, and in-depth analysis are all present. You can get accurate and comprehensive account trading stats to inform your future decisions.
- Indicator Package
This package is ever-expanding to include almost every advanced indicator you will ever need. You can get more information out of your charts and the best signals to inform your strategies.
- The Trading Simulator
This tool will allow you to come up with strategies and test them to make sure that they work the way you intend them to work. That way, you will be able to get the most out of your analysis. If you can tweak your strategies to make the bulletproof, you will be able to make more money and position yourself in the right places most of the time.
Admiral Markets Commissions and Spreads
Admiral Markets make money through a combination of spreads and commissions. There are two account types if you are looking at this based on price structures alone. You can either use a commission-free account with higher spreads for forex or one with lower spreads, with the commission.
The ETFs and CFDs on any account, carry a commission.
Because of the wide range of instruments offered by Admiral Markets, every account's pricing is varied. To get the full details of your trading fees, you must look through the account details.
There is also the matter of each jurisdiction operating under different rules that do not always apply to every other trader. Check your trading fees based on your country's jurisdiction to ensure that you know the exact terms.
The commissions are charged depending on the volume you trade every month.
It is advisable to use the demo trading account to check out the details you will have to deal with when trading on each of the accounts. That is the best way to find out the ones that could suit you best and fulfil your trading needs.
If your account is inactive for a period exceeding 24 months with a positive account balance, you'll be charged a monthly fee of €10.
If you are making conversions, you will have to pay a 1% currency conversion charge.
Admiral Markets Education and Research
The firm is considered the best when it comes to education. Investors who are new in the trading industry are given a nine-lesson Forex 101 trading course to help them get a better understanding of how the markets work.
All you require is to open a demo account. With it, you can finish all your lessons and get the experience needed to trade seamlessly. The course is also backed up with free webinars, YouTube videos and tutorials, offered periodically.
When it comes to research, traders are provided with a wide range of research forex tools and resources, all found in the brokerage firm's website.
Traders can also use the in-house analytics and premium analytics to complement the research provided via Trading Central.
Admiral Markets Customer Service Experience
Customer support is key to the success of any business. The firm ensures that the traders are fully satisfied by making the customer support team easily reachable through the phone, e-mail, a webform, and the live chat.
Customers can ask all their questions to the reliable team around the clock to ensure all problems are sorted. Multilingual support is also available during the weekdays. The FAQ section also provides solutions to most of the questions asked by customers.
|Established: 2001||Website: https://admiralmarkets.com|
|Address: 16 St Clare Street, London, EC3N 1LQ, United Kingdom.||Regional Offices: Australia, Cyprus, and Estonia.|
|Minimum to Open Live: $200||Regulators: : The Financial Conduct Authority, U.K. (FRN: 595450), CySEC (Licence: 201/13), and ASIC (AFSL #AFSL 410681).|
|Minimum Trade Size: 0.01||Prohibited Countries: Unknown.|
|Maximum Leverage: 1:30||ECN: Yes|
|Mobile Trading: Available||Currencies: 45+|
|Trading Platforms: MT4, MT5, and WebTrader||Cryptocurrencies: 30+, including Bitcoin, Litecoin, and Ethereum.|
|Robots: Available||CFD: (3780+) Gold, Silver, Other Precious Metals, Stocks, Stock Indexes, Bonds, Oil, Other Commodities.|
|Scalping: Allowed||Web Trading: Available|
|Deposit Methods: Bank Wire, VISA, MasterCard, iBank&BankLink, iDEAL, Klarna, Neteller, Przelewy24, Skrill.||Withdrawal Methods: : Credit Card, Cryptocurrencies, Neteller, Skrill, Wire, and others.|
Our Admiral Markets review finds that you can enjoy a host of features when trading with this broker. They have a high trust rating and great reviews from users. The diversity of Admiral Markets accounts makes it easy for any trader to find something that works for their strategies.
Users can access free analysis, webinars, and articles to bolster their knowledge.
With the Admiral Markets financial instruments, you will get more than 5000 markets to trade. They cover bonds, shares, forex, indices, commodities, forex education, ETFs, and cryptocurrency CFDs. All of these financial instruments are available on both the Admiral MT4 and MT5 platforms.
The MetaTrader Supreme Edition is their best feature as it offers clients more than what other traders have.
As one of the longest-lasting brokers in the market, Admiral Markets stays at the top of the game by allowing traders to make choices that work for their strategies.