Admirals Good or Not?

  • This topic has 3 replies, 1 voice, and was last updated 2 days ago by Sammy.
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  • #179756 Reply
    Sammy

      Is there anybody in this community that has used Admiral Markets and can tell me if they are good or not for short term trading?

       

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      • #179821 Reply
        James Barra
        Moderator
          DayTrading.com Team

          Hi Sammy,

          We’ve been evaluating Admirals, formerly Admiral Markets, for a number of years and scored it 3.5/5 in our latest tests, which is fairly good, though it trails the best brokers.

          Where it excels is its extensive investment offering now comprising over 8,000 assets (CFDs, forex, commodities, stocks, indices, bonds and ETFs).

          It’s also got a particularly strong MetaTrader offering with the Supreme Edition delivering useful extras like tick charts, mini charts and an advanced indicator package.

          After introducing fractional shares and enhancing its education and research (it now hosts a regular podcast) it also offers a lot for aspiring traders.

          Weighing the negatives, Admirals lacks a proprietary web platform that may provide a smoother entry point for newer traders. Customer support has also been hit and miss during testing and casual traders should note a €10 inactivity fee applies.

          Overall, it’s a reasonable option, but other brokers could be a better fit depending on your needs.

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        • #179995 Reply
          Alfo

            I do think Admiral Markets are good for short term trading but I have noticed they are starting to shift there focus to longer term investing for example share dealing and fractional investing. Something to bear in mind if you really want to day trade.

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          • #180099 Reply
            Sammy

              Cheers guys. I take your point about moving to long term investing but they still have products I can use for day trading right, I’m talking CFDs mainly? So still worth looking at?

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