Admiral Markets Review

Forex trading offers unprecedented access and opportunities for profit but comes with various challenges. This is why choosing the right trading platform and broker should be at the top of your list whether you’re new to the exchange markets or have been skilfully navigating them for years. 

Admiral Markets, currently known as Admirals, is a regional Estonian broker that managed to grow globally, offering traders and investors the opportunity to navigate the world of forex trading. It was founded in 2001 and currently operates in 145 countries. 

We understand how appealing forex trading is, but working with a trading platform that aligns with your investment needs is paramount. This review will assess the platform’s features, pros, and cons to help you decide if it’s the right trading platform for you. 

• Headquarters: UK
• Regulatory :ASIC, FCA, CySEC, EFSA
• Trading Platforms: MetaTrader 4, MetaTrader 5 
• Foundation Year: 2001
• Min. Deposit: $100
• Max. Leverage: 1:300
• Deposit Options: Bank Wire, VISA, Master Card, I Bank & Bank Link, iDEAL, Klarna, Neteller

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.

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
• Visa
• Mastercard
• Neteller
• Skrill
• SafetyPay
• Przelewy
• iBank
• Ideal

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.

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.

MT4 Accounts

This 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 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

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 because 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.

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.

Trading Platforms

Traders are provided with the ultimate flexibility to access all the forex trading platforms and easily get whatever they want. 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 by Admiral Markets made involved the launch of the MetaTrader Supreme add-on, which is available for both MT4 and MT5 trading platform.

• 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.

• WebTrader

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.

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.

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.

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.