Founded in 2001, Admiral Markets is a universal broker that offers online trading services in forex, shares, indices, commodities, bonds, and ETFs. While serving clients through its regional offices worldwide, the broker is headquartered in Tallin, Estonia. The company holds multiple regulations in several jurisdictions of the world. Besides keeping clients’ funds in segregated bank accounts, the brokerage offers a deposit guarantee scheme thanks to its registration with the Financial Services Compensation Scheme (FSCS). The company also offers multilingual customer support round the clock seven days a week. Not to mention advanced analytics tools and plenty of educational resources are some prominent features of the broker. The broker does not accept clients from Japan, Iran, Iraq, Afghanistan, Canada, and the United States. In this Admiral Markets review, we’ll cover the broker in detail.
Admiral Markets Regulations:
The broker is licensed to operate across multiple jurisdictions around the world. Given below is the list of all concerned regulatory bodies.
- Financial Conduct Authority – (FCA – 595450)
- Cyprus Securities and Exchange Commission – (CySEC – 201/13)
- Australian Financial Services License – (AFSL – 410681)
Opening Admiral Markets Trading Account
Considering the need of all classes of traders, the broker offers flexible account types. Not to mention the features available in each account may vary depending upon the selected platform i-e MT4/MT5.
Getting started with Admiral Markets is simple. You just need to fill up your details on the registration page and verify your account. However, owing to strict regulatory restrictions, the broker may need you to provide extensive details before allowing you to start placing trades. The process of registration can take between 5 – 10 minutes to get completed. You can follow the listed steps to become a verified account holder at Admiral Markets.
Step 1: Visit the login page of the broker and click sign up to open a new account.
Step 2: Enter your details such as, first name, last name, country of residence, email ID, and mobile phone number.
Step 3: Confirm the code received on your email id and follow the instructions to complete the registration process.
Step 4: Verify your account by submitting proof of identification and proof of address. You can use your National ID Card, Passport, or Driving license to verify your identity. Similarly, the broker asks you to upload your bank statement or a copy of a utility bill to verify your address.
Step 5: Select your preferred payment method from the list of available payment options.
Step 6: Deposit the minimum amount as specified by the broker depending upon your selected type of account.
Step 7: Use your account credentials to sign in to your live trading account.
Step 8: Access the dashboard, select your favourite tradable instrument and start placing trades.
The broker offers three types of accounts including, Zero, Invest, and Trade. The availability of accounts also depends upon your selected platform. For instance, the Invest account is not available for traders who select MT4 as their preferred trading platform. Let’s quickly review the features offered in each type of account at Admiral Markets.
Zero Account: Clients can open a zero account for a minimum deposit of $100. The broker charges a commission starting from $0.05 to $3.0. The amount of commission depends upon different classes of assets, including forex, metals, indices, and energies. Clients can trade 45 Currencies, 3 Metal CFDs, 10 Cash Indexes, and 3 Energy CFDs in the zero accounts. Spread in zero account starts from 0.0 pips while the leverage is available up to a maximum of 1:30. Other services such as one-click trading, EAs, hedging, market analytics, negative balance protection, economic calendar, and Trading Central are also available in zero accounts.
Trade Account: In this account, the broker keeps the minimum deposit the same as it is for the zero account i-e $100. Spreads in the account start from 0.5 pips while the maximum available leverage is 1:20. The number of tradable financial instruments available to trade may also differ from the zero accounts. All other features remain the same as offered to the zero account holders.
Invest Account: Facilitating low-scale traders, the broker offers invest account with a minimum deposit requirement of as low as $1. However, currency trading is not available for the Invest account holders. Instead, clients can trade nearly 4350 stocks and over 200 ETFs in the same account. While leverage is unavailable, the broker offers a spread of 0.0 pips along with an exchange execution trading policy in this specific account. All other features offered to Invest account holders are the same as available in the rest of the accounts at Admiral Markets.
Please note that the broker also offers a swap-free Islamic account, but the option is only available for clients holding an MT4 – Trade account with Admiral Markets.
Admiral Markets Deposit & Withdraw & Fees
The broker keeps clients’ investments in segregated bank accounts that are maintained with AAA rating banks regulated by Prudential Regulatory Authority (PRA). Making it quick for clients to deposit funds in their accounts and get started, the broker offers a wide range of payment methods. Most of the deposit and withdrawal methods are free of cost. However, the broker does charge a deposit fee along with a commission on several payment methods, such as Skrill and Neteller.
Clients need to pay a fee of $1 and 0.9% commission on the transaction amount while making payment through either of the said methods. Clients can withdraw their funds on the same day. However, a few payment methods might take a day to get processed. On the other hand, wire transfers take three days to reach the customer’s account.
Given below is a complete list of available payment options at Admiral Markets Ltd.
- Debit Cards/ Credit Cards
- Bank transfer
- Visa and MasterCard
Not to mention, clients have the option to transfer funds between different trading accounts using the newly introduced wallet feature at Admiral Markets. However, the broker also charges a commission on internal funds transfers. Clients having accounts with the same base currencies need nothing to pay, while clients holding accounts with different base currencies are charged a 1% commission on the transaction amount. The broker also charges an inactivity fee of $10 per month on all dormant accounts. Unlike other brokers, the grace period for an inactive account is set as 24 months.
Spread with Admiral Markets
Admiral Markets offers variable spreads starting from 0.0 pips, the broker does not charge a spread of more than 1.2 pips on any of the tradable assets. The broker has recently reduced its spreads on major currency pairs. Given below is a list of available spreads for the most popular FX pairs and indices.
- AUD/USD – 1.0 pips
- EUR/USD – 0.6 pips
- EUR/GBP – 1.0 pips
- USD/JPY – 0.9 pips
- GBP/USD – 1.0 pips
- FTSE100 – 0.8 pips
- DJI30 – 1.2 pips
- DAX30 – 0.8 pips
- SP500 – 0.4 pips
Please note that the spreads are subject to change. Therefore, it is best to consult the broker’s official website for the latest spreads and charges.
Leverage with Admiral Markets
Unlike other brokers that offer insane leverage, the company keeps it to a maximum of 1:30. One of the reasons could be the strong regulatory framework that does not allow the broker to offer excessive leverage. Although leverage enhances customers’ exposure and allows them open scalable positions with limited capital investment, it also magnifies the risk of loss. Specifically, high leverage can be detrimental in the time of high market volatility.
It is worth mentioning here that the broker holds registration with Financial Services Compensation Scheme. Under the scheme, the broker offers funds protection to European and UK-based clients. In case the company goes into liquidation due to any reason, clients can claims compensation against their losses up to €100,000 in Europe. In the UK, funds compensation of up to £85000 per client is available.
Admiral Markets User Experience
The broker seems to make every possible effort to offer a delightful experience to its clients. Keeping things simple, and easy the company caters to the need of all classes of stakeholders. Starting from the sign-up process to trade placements, and funds withdrawals, everything works in line with services expected from a world-class broker.
Not to mention, the sign-up process with the broker is a little time-consuming. However, the broker ensures to take clients step by step from the registration page to the dashboard. While the verification process is quick, the range of payment methods helps clients to deposit funds in their accounts using the most convenient method.
The broker’s rich product portfolio enables clients to trade their favorite financial instruments, including forex, indices, commodities, shares, ETFs, and bonds. Although the broker does not offer Ctrader, it does offer a customizable mobile trading app. The mobile app enables clients to experience uninterrupted trading services while on the go. Clients can also use MetaTrader4 and MetaTrader5 trading platforms at Admiral Markets available across all channels, including web, desktop, and mobile phone.
Both MT4 and MT5 rank amongst the best trading platforms in the industry. Being easy to configure, and intuitive to navigate, both platforms are fully equipped with all basic and advanced trading tools required for a rich trading experience. Besides a range of educational resources, the broker also offers multilingual customer support round the clock.
Who Admiral Markets Is For
The simple and straight answer is that the broker is well-suited for all types of traders, including retail and institutional. Low minimums provide market access to less privileged clients from underdeveloped countries. Instant trade execution with no slippage issues makes it a perfect choice for scalpers attempting to make profits from small market movements. Small scale traders can use the leverage offered to gain increased market exposure.
The broker also offers a demo account that is equally useful for both novice and veteran traders to learn and practice different trading strategies without risking their real funds. Trading tools such as VPS, parallel for MAC, and MetaTrader Supreme edition may offer some added benefits to advanced level traders. Multiple analytics tools and negative balance protection can help high-volume traders to trade safely. The company also hosts rich educational resources enabling clients to become well versed with the forex market.
Admiral Markets Customer Support
The broker offers round-the-clock customer support seven days a week. Clients can select their preferred language to communicate with the broker. The company supports 28 languages of the world. Traders can reach the company via telephone, email, or live chat. The broker is also available on social medial platforms, including Facebook, WhatsApp, and Telegram.
Admiral Markets Review – Final Words
After an in-depth Admiral Markets review, we conclude that the broker truly worth your investment. Besides holding multiple regulations worldwide, the broker is well secured against unfortunate losses under FSCS. With a rich product portfolio, a wide range of tradable assets, flexible account types, user-friendly trading platforms, and efficient multilingual customer support, the broker has enough reason to become a preferred choice for all classes of traders.
Countries that ADMIRAL MARKETS is NOT available in:
Listed below are the countries where Admiral Markets does not offer its services:
- United States
The minimum deposit is as low as $1 at Admiral Markets.
Admiral Markets offers maximum leverage of up to 1:30 for retail clients and up to 1:500 for commercial clients.