Admiral Markets Review and Tutorial 2021
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|Admiral Markets Facts & Figures|
Admiral Markets is leading Forex and CFD broker offering the MT4 & MT5 platforms
• Best Education & Training (Germany) - 2020
• Best Forex Broker (Spain) - 2020
• Best Forex Company - 2019
|Instruments||Forex, CFDs, indices, shares, commodities, cryptocurrencies, ETFs, bonds|
|Pay Methods||Credit Card, iDeal, Mastercard, Neteller, PayPal, POLi, Skrill, Sofort, Swift, Wire Transfer|
|Min. Trade||0.01 lots|
|Regulated By||FCA, CySEC, ASIC|
|Auto Trading||Yes (APIs)|
|Trade Signals||Yes (MetaQuotes)|
|USD, EUR, GBP, CHF|
|CFDs are available on thousands of markets, including forex, indices, shares, and commodities|
50 currency pairs are available, including majors, minors, and exotics
Trading is available on crypto cross pairs and crypto pairs with fiat currencies
|Coins||BTC, BCH, DSH, EOS, ETC, ETH, LTC, XLM, XMR, XRP, ZEC|
Admiral Markets is a forex and CFD broker offering the MT4 and MT5 trading platforms. Our review of the online broker will cover the login process, minimum deposits, demo accounts, plus leverage and spreads. Find out whether to open an account with the Admiral Markets Group.
Admiral Markets was founded in 2001. Today, the company’s several hundred thousand active traders can be found in countries worldwide, from Germany to India. The group’s headquarters are in Tallinn, Estonia, although the company has offices in several cities, including London and Zagreb.
Admiral Markets holds licenses with various regulatory bodies, including the UK Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC).
Admiral Markets has partnered up with MetaQuotes to offer the full suite of MetaTrader platforms, including MT4, MT5, MetaTrader WebTrader, and a MetaTrader Supreme Edition.
MetaTrader 4 is the world’s leading retail trading platform, particularly for forex and CFD trading. The software can be downloaded to Mac and Windows devices.
The MetaTrader 4 system is fast, reliable and comes with a range of useful features, including:
- Multiple time frames, from one minute up to one month
- Automated trading through APIs
- Customisable indicators
- Rich historical data
- Advanced charting
- One-click trading
MetaTrader 5 is the latest evolution of the MT4 system and caters to more experienced traders. With a host of advanced technical analysis tools and a fully customisable interface, it’s a powerful all-round platform. Features include:
- Education market
- Free market data
- Live news feeds
- Level 2 pricing
- VPS support
MetaTrader Supreme Edition
For the veteran trader, the MetaTrader Supreme Edition has powerful tools to enhance trade operations. The platform offers sophisticated technical analysis indicators, award-winning pattern recognition technology, holding timeframes, and day trading strategies. Global Opinion widgets also allow for helpful add-ons to manage multiple currencies and orders.
WebTrader is an easy access web-based platform. Users can trade anywhere with just an internet connection. The WebTrader platform allows for price analysis and straightforward trade management. Users get access to a range of indicators, including pivot points and Bollinger Bands, plus an easy-to-use forex pip calculator.
WebTrader also facilitates popular strategies, such as 1-minute scalping and hedging. Finally, risk management tools, such as guaranteed stop out levels to minimise losses, can also be implemented.
Over 3,000 global markets are available through CFDs, including:
- 50+ forex pairs
- 3,000+ stocks & shares
- 30+ cryptocurrencies, including Bitcoin
- 25+ commodities, including gold and oil
- 40+ indices, including the US Dow Jones 30, S&P 500, Nasdaq, plus Germany’s Dax 30
Also available to trade are close to 400 ETFs and bonds. Spread betting and binary options are not available at Admiral Markets.
Spreads & Fees
Admiral Markets keep trading costs low. The online broker takes its fee from spreads, which start from zero pips. Average live spreads on major forex pairs, such as the EUR/USD and GBP/USD, are 0.6 pips and 1 pip respectively. Spreads on indices, such as the US Dow Jones, are around 1 pip.
There are some other costs to be aware of. For example, a $10 monthly inactivity fee is charged to accounts that have been dormant for two years. Also, swap rates, otherwise known as interest fees, are charged to clients that hold positions overnight. Details of swap fees can be found on the broker’s website.
Overall, if you take Admiral Markets vs well-known names, such as Plus500, Zulutrade, and XTB, the online broker comes in at a similar price.
Admiral Markets Leverage
For retail clients, leverage up to 1:30 is available:
- Forex – 1:30 maximum leverage
- Indices & commodities – 1:10 maximum leverage
- Stocks, ETFs & bonds – 1:5 maximum leverage
- Cryptocurrency – 1:2 maximum leverage
An easy-to-use margin calculator and details of the margin call process can be found on the broker’s website.
A fully functional mobile app can be downloaded to iOS and Android devices. Admiral Markets have ensured mobile traders get access to a live price feed, three chart types, custom indicators, news releases, and a trading journal. The mobile platform interface can also be customised.
There’s a decent range of deposit options at Admiral Markets:
- Bank transfer – up to three business days
- Visa & Mastercard – instant
- iBank&BankLink – instant
- Przelewy – up to one day
- Safety Pay – instant
- Neteller – instant
- Skrill – instant
- Klarna – instant
- PayPal – instant
- iDEAL – instant
The minimum deposit is $100 and all payment methods are free, except for e-wallets Skrill and Neteller, which charge 0.9% (minimum $1).
Withdrawals can be made via bank transfer, PayPal, Skrill, and Neteller. All withdrawals are processed instantly aside from bank transfer, which can take up to three days. Admiral Markets provide the required bank codes when a withdrawal is requested. Traders are eligible for two free withdrawals per month with a $1 minimum withdrawal.
Note, there may be additional bank currency conversion fees.
Admiral Markets offers a demo account with $10,000 in virtual funds. Users can select the practice account from the sign-up page. Once you’ve received your login credentials, you can test the MT4 and MT5 platforms, and try leveraged trading on a range of instruments. The demo account replicates real-time market data with a 15-minute delay.
Deals & Promotions
Admiral Markets has been known to offer no deposit welcome bonuses and up to 50% sign-up deposit offers. However, there wasn’t any at the time of writing. Bonus terms and conditions, plus availability, depend on the jurisdiction you are trading from. The EU, in particular, has toughened its stance on welcome offers.
Check the broker’s website for news of upcoming promotions.
Regulation & Licensing
Admiral Markets is a reputable global broker licensed in multiple jurisdictions. Admiral Markets UK Limited holds a license with the Financial Conduct Authority (FCA).
The group also holds licenses with the Estonian Financial Supervision Authority, the Cyprus Securities and Exchange Commission (CySEC), plus the Australian Securities and Investments Commission (ASIC). The broker is also legally allowed to operate in many other countries, from France to Romania and Indonesia.
To comply with regulator conditions, Admiral Markets keeps client capital segregated from the group’s assets in an EEA-regulated credit body.
Deposit guarantee schemes and financial services compensation schemes also ensure that clients’ funds are protected in the event the broker was to go bankrupt.
Overall, if you take Admiral Markets vs the likes of eToro, Pepperstone, and Interactive Brokers, the broker is equally respected and trustworthy.
Admiral Markets stands out amongst our forex broker reviews for its educational courses and trading tools. There are multiple webinars online covering CFDs and forex 101 lessons. Admiral Markets also releases educational books in multiple languages and demos analytical tools.
Additionally, traders get access to Premium Analytics, Dow Jones News, Acuity Trading, plus Trading Central. All of these tools are designed to educate traders on investing strategies and judging market sentiment. The Traders Room can also be used to manage multiple Admiral accounts.
Finally, Admiral Markets has rolled out a modern copy trading service. The innovative solution lets clients copy the strategies and positions of established traders. For proven investors, the new tool offers a straightforward way to generate additional income, with subscribers paying ongoing fees. A leaderboard and slick dashboard is available in the members area to manage activity.
When it comes to opening an account with Admiral Markets, there are Trade.MT4, Zero.MT4, Trade.MT5, and Zero.MT5 account options. As the names suggest, you get a choice between trading platforms and spreads.
Stocks, cryptocurrencies, bonds, and ETFs are not available with the zero spread accounts. Leverage up to 1:30 is available across all accounts but the zero spread accounts allow for greatest position sizes, up to 200 lots on forex vs 100 lots on the standard Trade accounts. The minimum deposit across all accounts is $100 and mobile trading is an option with all account types.
Admiral Markets also offers an Islamic swap-free account plus a professional account for institutional traders.
Note, Admiral Markets is a market maker and does not use an ECN model across any of its retail accounts.
Benefits of opening an account with Admiral Markets include:
- Zero spreads
- Up to 1:30 leverage
- Copy trading service
- 0.01 minimum lot size
- Negative balance protection
- Dividends on long positions
- MetaTrader 4 & MetaTrader 5
- FCA, ASIC & CySEC regulated
- 90% of orders executed in under 150 milliseconds
The main drawbacks to trading with Admiral Markets are:
- A monthly inactivity fee
- No binary options or spread betting
Admiral Markets Trading Hours
Admiral Markets follow standard market trading hours. Specific opening and closing hours depend on the instrument traded but usually run from Monday to Friday, although cryptocurrency is traded in decent volumes over the weekend.
The Admiral Markets Group does run a reduced schedule during certain bank holidays. Changes to trading hours, including respective time zones, are published on the broker’s website.
Admiral Markets customer support team is contactable via:
- Email address – email@example.com
- Telephone support number – +442035041364
- Live chat – chat logo found at the bottom of the broker’s website
- Feedback form – online query form available on the ‘contact us’ page
You can normally get through to a customer service representative via live chat or telephone within a couple of minutes. The multi-lingual support team can deal with most account and technical queries, including requests to close or delete an account.
Keep up to date with the latest news from the Admiral Markets Group on social media:
User security at Admiral Markets is strong. The website uses encryption software to keep client data secure. Also, one-time password authorisation is available on the MetaTrader platforms while dual-factor authentication via SMS or Google Authenticator is used to secure the Traders Room.
Admiral Markets Verdict
With comprehensive trading tools and educational content, Admiral Markets is one of the top forex and CFD brokers. Offering both the MT4 and MT5 trading platforms, plus zero spread accounts, the broker is a good fit for beginners and seasoned traders.
Admiral Markets accepts traders from Thailand, United Kingdom, South Africa, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.
Traders can not use Admiral Markets from United States, Canada, Australia, Japan, Malaysia, Singapore.
Alternatives to Admiral Markets
If you are looking for alternatives to Admiral Markets we have compiled a list of the top 5 brokers that are similar to Admiral Markets below. This list of brokers like Admiral Markets is in order of similarity and only includes companies that accept traders from your location.
- EagleFX – EagleFX is a popular trading broker offering forex, stocks, cryptos & commodities.
- LQDFX – LQDFX offers online trading with multiple STP accounts and MT4 analysis tools.
- Forex.com – Forex.com boast a global reputation. Regulated in the UK, US and Canada they offer a huge range of markets, not just forex, and offer very tight spreads and a cutting edge platform.
- eToro – eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
- Just2Trade – Just2Trade offer hitech trading on stocks and options with some of the lowest prices in the industry
What trading platforms does Admiral Markets use?
How much capital do I need to trade at Admiral Markets?
The minimum deposit at Admiral Markets is $100. The minimum position size is 0.01 lots, although stake requirements do vary among instruments. Overall, the low capital requirements make them a good option for traders starting out.
Does Admiral Markets offer a demo account?
Admiral Markets offers a demo account with $10,000 in virtual cash. Just a few basic details, such as an email address, is needed to open a practice account. Users can then test the MetaTrader platforms and the broker’s various trading products.
Is Admiral Markets regulated?
Admiral Markets is regulated by the UK Financial Conduct Authority, the Cyprus Securities and Exchange Commission (CySEC), and the Australian Securities and Investments Commission (ASIC). The online broker is also regulated by the Estonian Financial Supervision Authority, where its headquarters are located.
Is Admiral Markets a good broker?
Admiral Markets is a good all-round online broker. They are regulated in multiple jurisdictions, offer competitive trading fees, and a broad range of CFD and forex assets.
|Admiral Markets is leading Forex and CFD broker offering the MT4 & MT5 platforms|
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