Admiral Markets Review |
|
| 📅 Year founded |
2001 |
| 📈 Multiple top-tier regulation |
Yes |
| 📍 Headquarters |
Cape Town, South Africa |
| 🌍 Country of regulation |
United Kingdom / Estonia / Cyprus / Australia / Jordan / South Africa |
| ✅ Regulators |
FCA / EFSA / CySec / ASIC / JSC / FSCA |
| 📈 Execution Type |
Market Execution |
| 💰 Minimum Deposit |
25 EUR |
| 🛡️ Negative Balance Protection |
Yes |
| 📉 Trading Platforms |
MetaTrader4 / MetaTrader5 |
| ☪ Islamic account |
Yes |
| 📉 Trading Instruments |
Forex / Commodities / Indices / Stocks / ETFs / Bonds / Cryptocurrencies |
| 📱 Mobile trading |
iOS / Android / Windows |
| 💳 Payment Types Accepted |
Bank Wire Transfer |
| 🎮 Demo Account |
Yes |
| ⓒ Copy Trading |
Yes |
| 🎁 Bonus Offer |
Welcome Bonus / Cashback |
| 💰 Account Currencies |
EUR / ZAR |
| 📈 Minimum Trade |
0.01 Lots |
| 📈 Account Types |
PAMM / MAM / ECN / STP |
| 📈 Margin Trading |
Yes |
| 📈 Trading fees |
Low |
| 📈 Inactivity fee |
10 EUR per month |
| 💰 Withdrawal fee |
1 free per month, 10 EUR thereafter |
| ☎ Customer Support |
24/5 |
| 💰 Max. Leverage |
500:1 |
| ✔️ Hedging Allowed |
Yes |
| ✔️ Scalping Allowed |
Yes |
| 💰 Commission |
Flexible from $1.8 – $3 USD per lot |
| 💰 Spreads |
From 0.0 pips |
| 💰 Leverage |
Flexible |
| 💰 Currency Pairs (Total Forex pairs) |
80 + |
| 🔢 Number of clients |
30 000 + |
| 🥇 Instruments Offered |
3 700 + |
| 📙 Education |
eBooks / Webinars / Articles / Tutorials / Trading Videos / Zero to Hero / Risk Management / Trader’s Glossary / Weekly Trading Podcast |
WHAT IS ADMIRALS?
Admiral Markets, now known as Admirals, is a global online brokerage firm founded in 2001.
From its beginnings as a forex broker, Admirals has grown into a full-spectrum financial services provider, offering access to a wide range of trading and investment opportunities across forex, stocks, commodities, indices and cryptocurrencies.
The company prides itself on offering advanced trading technology, comprehensive educational resources and transparent trading conditions.
Operating under strict regulatory oversight from leading financial authorities such as the UK’s Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC), amongst others, Admirals ensures a secure and trustworthy trading environment.
INTRODUCTION
In the dynamic world of online trading, Admiral Markets, now rebranded as Admirals, has carved out a prestigious niche for itself. As a firm that began its journey in 2001, Admirals has transcended its original forex focus to embrace a comprehensive array of financial instruments.
Admirals distinguishes itself through a relentless commitment to innovation, client education and transparent trading practices. This approach has not only garnered trust and loyalty among traders, but has also positioned Admirals as a forward-thinking leader in the financial services industry.
With its robust regulatory foundation, provided by affiliations with some of the world’s most stringent financial authorities, Admirals ensures a trading environment that is both secure and conducive to the ambitions of traders at all levels of experience.
The introduction of state-of-the-art trading platforms like MetaTrader4 and MetaTrader5, has empowered Admirals’ clients with advanced trading tools and seamless market access.
This technology, combined with an extensive repository of educational resources and market analysis, is tailored to support traders in making informed decisions and exploring new trading strategies.
PROS & CONS
PROS
- Wide range of trading instruments with over 3 700 instruments available.
- Advanced trading platforms in the form of MetaTrader4 and MetaTrader5.
- Spreads from 0.0 pips and low, flexible commissions.
- Extensive research and educational tools on offer.
- Strong regulatory framework and high level of security as they are regulated in multiple jurisdictions.
CONS
- Withdrawal fees if more than one withdrawal is made per month.
- Monthly inactivity fee is charged.
TRADING INSTRUMENTS
Admirals, a comprehensive financial hub, offers its clients a wide-ranging portfolio of trading instruments, encompassing the diversity of the global financial markets.
This expansive selection allows traders to diversify their investment strategies across various asset classes including forex, commodities, indices, stocks, ETFs (Exchange-Traded Funds), bonds and cryptocurrencies.
Forex
Admirals provides access to a broad spectrum of currency pairs including major, minor and exotic pairs. Forex trading with Admirals means traders can benefit from tight spreads, high liquidity and 24/5 market access, making it an attractive option for traders looking to leverage the volatility of the currency markets.
Admirals offers one of the widest selections of tradable currency pairs in the market today, with over 80 pairs on offer. Traders can access these currency pairs with low spreads starting from 0.0 pips.
Commodities
Commodity trading with Admirals covers both hard and soft commodities, offering opportunities to trade on gold, silver, oil, natural gas and various agricultural products like wheat and coffee.
Commodities are popular among traders looking to hedge against inflation or diversify beyond traditional asset classes. With Admirals, trader have access to a large selection of commodities, with 29 different commodities to choose from.
Indices
Traders can speculate on the price movements of global indices with Admirals, including the S&P 500, DAX 30 and Nikkei 225, amongst others. Indices trading allows for exposure to broader market trends without the need to select individual stocks, providing a measure of the overall market sentiment.
Admirals offers a selection of 42 indices for traders to choose from, which can be traded in the form of cash indices of futures indices.
Stocks and ETFs
Admirals offers trading on a wide array of international stocks and ETFs, enabling clients to buy and sell shares of leading companies and diversified investment funds. With over 3 300 stocks to choose from, clients of Admirals will never be short of options in the stock market.
The broker offers these stocks and ETFs across a variety of exchanges, ranging from the ever-present NYSE in the US to lesser known exchanges such as Portugal’s Euronext.
Bonds
By including bonds in its trading instruments, Admirals provides a pathway for traders to invest in government debt securities. Bonds are a cornerstone for risk-averse investors seeking stable returns, representing loans made by the investor to the issuer in exchange for interest payments.
Admirals’ current selection of bonds is limited to Germany’s Bund and the US’ 10-year Treasury Note.
Cryptocurrencies
Recognising the growing interest in digital currencies, Admirals offers trading on the most popular cryptocurrencies including Bitcoin, Ethereum, Litecoin and Ripple.
Cryptocurrency trading with Admirals allows for speculation on the rapidly evolving digital asset market, with the advantage of leveraging and 24/7 availability.
With over 42 cryptocurrency instruments available, with options to trade cryptocurrencies against fiat currencies or as cross pairs, Admirals provides a truly extensive cryptocurrency trading environment to its traders.
Each of these trading instruments is supported by Admirals’ advanced trading platforms and tools, designed to provide traders with detailed analysis, real-time data and intuitive trading experiences.
Whether a novice trader looking to explore the financial markets or a seasoned investor aiming for sophisticated strategies across multiple asset classes, Admirals’ wide range of trading instruments caters to every ambition and trading style.
TRADING PLATFORMS
At the core of Admirals’ trading experience are two of the most acclaimed platforms in the financial trading industry, MetaTrader4 (MT4) and MetaTrader5 (MT5).
These platforms are designed to cater to traders of all levels, offering a suite of powerful tools and features that enable efficient analysis for improved decision-making and easy execution of trades across various financial instruments.
MetaTrader4 (MT4)
MT4 is recognised for its user-friendly interface, robust functionality and customisation capabilities. It is particularly favoured for forex trading but is also adept at handling CFDs on other asset classes.
Some of its key feature include:
- MT4 offers a comprehensive set of charting tools and technical indicators, allowing traders to analyse market trends and identify trading opportunities.
- Through the use of Expert Advisors (EAs), traders can automate their trading strategies, making it possible to trade 24/7 without constant manual monitoring.
- Users can create their own custom indicators and scripts, providing flexibility and deeper market analysis tailored to individual trading styles.
- MT4 caters to a global audience with support for multiple languages, making it accessible to traders around the world.
MetaTrader5 (MT5)
As the successor to MT4, MT5 offers all the features of its predecessor, along with additional capabilities that cater to a wider range of financial products.
MT5 is not just an upgrade for forex trading but a comprehensive platform for trading stocks, commodities and futures. Noteworthy features of MT5 include:
- MT5 features more charting tools, timeframes and technical indicators than MT4, providing traders with an even more in-depth analysis of market movements.
- An integrated economic calendar provides traders with real-time news and economic event notifications directly within the platform, aiding traders to make informed decisions.
- MT5 provides a Depth of Market (DOM) feature which offers insights into market liquidity for a particular asset at different price levels, aiding in better execution strategies.
- For those who utilise automated trading, MT5’s improved strategy tester allows for more efficient and detailed back-testing of strategies to ensure effectiveness.
Both MT4 and MT5 are available for desktop, web and mobile devices, ensuring that traders can access their accounts and trade from anywhere at any time. The platforms support a wide range of order types and execution modes, providing flexibility in trading strategies and risk management.
ACCOUNT TYPES
Admirals offers a variety of account types to cater to the diverse needs and strategies of traders. Each account type is tailored to provide specific benefits, whether you’re looking for low spreads, commission-based trading or access to a wide range of markets.
The primary account types offered are Trade.MT4, Zero.MT4, Trade.MT5 and Zero.MT5.
Trade.MT4
The Trade.MT4 account is designed for traders who prefer trading on the MT4 platform. This account type requires a minimum deposit of only 25 EUR and traders will have access to spreads offered from as low as 0.8 pips, with commissions only charged on single share and ETF CFDs from $0.02 USD per share.
Traders will have access to 37 currency pairs, 5 cryptocurrencies, 7 commodities, 19 indices, 230 stocks and 2 bonds.
Zero.MT4
The Zero.MT4 account is targeted at traders looking for the tightest spreads and are willing to pay a commission for this advantage. It’s particularly suited for high-volume traders and those employing scalping strategies.
Traders can access this account with a minimum deposit of only 25 EUR and will have access to spreads starting from 0.0 pips.
Commissions on this account are still low, with commission on forex and metals charged at $1.8 – $3.0 USD per lot, commission on cash indices charged at $0.05 – $3.0 USD per lot and only $1.0 USD per lot on energies.
Traders will have access to 45 currency pairs, 6 commodities and 10 indices.
Trade.MT5
The Trade.MT5 account is Admirals’ flagship account, providing traders with access to all instruments offered by the broker. The account remains accessible, requiring a minimum deposit of only 25 EUR to get started.
Traders are able to access low spreads starting from 0.8 pips, with low commissions of only $0.02 USD per share on single share and ETF CFDs charged, while all other instruments attract no commissions.
Traders will have access to 80 currency pairs, 42 cryptocurrencies, 26 commodities, 43 indices, over 3 600 stocks and ETFs and 2 bonds.
Zero.MT5
For traders who prefer using MT5 and desire the lowest possible spreads for forex and CFDs, the Zero.MT5 account is the perfect fit.
The account is accessible with a minimum deposit of only 25 EUR and offers traders raw spreads starting from 0.0 pips.
Similar to the Zero.MT4 account, commissions are low with forex and metals charged at $1.8 – $3.0 USD per lot, commission on cash indices charged at $0.05 – $3.0 USD per lot and only $1.0 USD per lot on energies.
Traders will have access to 80 currency pairs, 6 commodities and 10 indices.
The account types provided by Admirals indicates their commitment to providing flexibility and a tailor-made experience to their clients. This flexibility, combined with the robust features of the MetaTrader platforms, makes Admirals a versatile broker and a great choice for traders globally.
HOW TO OPEN AN ACCOUNT
Opening an account with Admirals is straightforward. Prospective traders can start the process online by going to the dashboard on Admirals’ website, uploading the required documentation as is standard in the KYC process and by completing the ‘Open an Account’ form.
Once completed, traders can deposit funds, download one of the MetaTrader platforms and begin trading.
DEMO ACCOUNT
Admirals offers a free demo account, allowing traders to practice trading strategies in a risk-free environment using virtual funds. This is an excellent way for beginners to familiarise themselves with the trading platforms and for experienced traders to test new strategies.
The demo account is available with the features from any of the account types on offer, ensuring traders can simulate trading conditions they would expect to experience in a live trading environment.
SOCIAL TRADING AND COPY TRADING
Admirals does not expressly offer social and copy trading features or options on their website, however with the provision of the MetaTrader platforms, traders have access to a wide range of social and copy trading features which may be used.
The MetaTrader platforms provide access to tools such as EAs, allowing for automated trading, as well as access to a large trading community where traders can experience the aspects of social trading.
COMMISSIONS AND FEES
Admirals is transparent about its fee structures under the various accounts. On their website, the broker provides in-depth breakdowns of the commissions they charge on the various trading instruments, within the various trading accounts.
These commissions are discussed in the Account Types section above.
The broker does not charge any fees on deposits, while they offer one free withdrawal per month, whereafter they charge a withdrawal fee of 10 EUR. Additionally, the broker also charges an inactivity fee of 10 EUR per month.
Admirals offers its Muslim clients the ability to choose the Islamic Forex Account, which is a swap-free account. This account is available as an alternative to the Trade.MT5 Account and enjoys the same features offered by that account type.
LEVERAGE
Admirals offers flexible leverage to its clients, with the option to access leverage of up to 500:1. The maximum leverage available to traders is dependent on a variety of factors, including the instruments traded, the trader’s experience and the jurisdiction in which they reside.
Traders in the EU may only access leverage of up to 30:1, due to regulatory restrictions imposed on brokers in the region.
WITHDRAWALS AND DEPOSITS
Withdrawal and deposit options are limited with Admirals and this is certainly one aspect where the broker could improve. The only withdrawal and deposit options available to traders are via bank wire transfers.
The broker charges no deposit fees and offer 1 free withdrawal per month, whereafter traders are charged 10 EUR per withdrawal.
CUSTOMER SERVICE
Admirals prides itself on excellent customer service, with support available through live chat, email and phone. Support is offered in multiple languages to cater to Admirals’ clients around the globe.
Admirals has received extensive praise for their excellent customer service, which indicates their commitment to providing superior trading services to their clients.
SAFETY AND SECURITY
Admirals, as a prominent figure in the online trading industry, places a strong emphasis on the safety and security of its clients’ funds and personal information. The brokerage is subject to rigorous oversight and complies with strict regulatory standards enforced by several reputable financial authorities worldwide.
Admirals is overseen by the Financial Conduct Authority (FCA) in the UK, which is known for its stringent regulations and oversight of financial services firms operating within the UK.
Admirals’ compliance with FCA regulations ensures high levels of client fund protection, including segregation of client funds from company funds and participation in the Financial Services Compensation Scheme (FSCS), which offers compensation to clients in the unlikely event of the broker’s insolvency, up to 85 000 GBP per person.
The Cyprus Securities and Exchange Commission (CySec) regulation is pivotal for Admirals’ operations within the EU, endorsing the broker’s adherence to EU-wide financial directives such as the Markets in Financial Instruments Directive (MiFID II). This ensures standardised investor protection across Europe, including transparent trading conditions and the segregation of client funds.
Australian Securities and Investments Commission’s (ASIC) oversight confirms Admirals’ commitment to upholding high standards of corporate governance, fair trading practices and client protection in the Australian financial market. ASIC regulation is synonymous with strict auditing processes, operational transparency and the safeguarding of client interests.
Admirals is further regulated by the Jordan Securities Commission (JSC), the Estonian Financial Supervision Authority (EFSA) and the Financial Sector Conduct Authority (FSCA) in South Africa.
Beyond regulatory compliance, Admirals employs state-of-the-art security technologies to protect client data and ensure the integrity of trading operations. This includes advanced encryption protocols for data transmission, robust firewalls and secure servers to safeguard personal and financial information from unauthorised access.
The extensive regulatory oversight and stringent security measures underline Admirals’ dedication to providing a safe and secure trading environment. For traders, this multi-layered approach to regulation and security means that they can focus on their trading activities with confidence, knowing that their investments are protected by a comprehensive framework of international and local regulations.
PROMOTIONS
Admirals offers a wide range of promotions to its clients, including a 100% Welcome Bonus, Cashback and Pro.Cashback. The 100% Welcome Bonus is self-explanatory, with the broker matching 100% of your initial deposit into your trading account.
The Cashback program rewards traders with cash into their trading account at the end of every month, depending on the volume that was traded during the month, while the Pro.Cashback program is similar, but aimed at Admirals’ professional clients.
RESEARCH
Admirals provides comprehensive market research tools including a market heat map, market sentiment, trading central, forex calendars, trading news, global market updates, premium analytics, a weekly trading podcast and fundamental analytics.
The research tools and resources made available by the broker represents one of the most in-depth research offerings provided by a broker, in the market today.
EDUCATION
The broker offers an extensive range of educational resources including webinars, articles and tutorials, trading videos, risk management tools, a trader’s glossary, various eBooks and their own proprietary Zero to Hero course.
These tools are great options for beginner traders who are looking to learn about the trading industry as well as for experiences traders looking to enhance their skills.
GLOBAL AWARDS
Admirals has received numerous awards in recognition of its service quality, trading technology and overall performance in the forex industry.
Some of their most recent awards include the following:
- Best Broker (2022) – Traders.
- Best Education (2022) – Traders.
- Best Financial Analysis (2022) – Traders.
- Forex and CFD Broker 1st Place (2022) – BrokerWahl.
- Best CFD Broker (2022) – Deutsches Kundeninstitut.
- CFD Broker Des Jahres (2020) – BrokerWahl.
- Top CFD Broker (2020) – Deutches Kundeninstitut.
SAFE OR SCAM?
In the vast and varied landscape of online trading platforms, the question of a broker’s safety is paramount for traders. With Admirals, the evidence points overwhelmingly towards a secure and reliable trading environment, strongly suggesting that this is one of the safest brokers in the industry today.
Admirals is regulated by several of the world’s most respected financial regulatory bodies including the FCA in the UK, EFSA in Estonia, CySec in Cyprus, ASIC in Australia, JSC in Jordan and the FSCA in South Africa. This multi-jurisdictional regulatory oversight ensures Admirals adheres to the highest standards of financial conduct, client fund protection and operational integrity.
Such rigorous regulation is a hallmark of a reputable and trustworthy broker. This multi-jurisdictional regulation not only demonstrates Admirals’ commitment to adhering to the highest standards of safety but also provides traders with the peace of mind that they are dealing with a trustworthy and reliable broker.
Another critical aspect of Admirals’ commitment to safety is the segregation of client funds from company funds, ensuring that traders’ investments are not used for any other purpose. Additionally, participation in compensation schemes like the FSCS by the FCA provides an extra layer of security, offering compensation to clients in the unlikely event of the broker’s insolvency.
The comprehensive regulatory oversight, stringent client fund protection measures, and advanced security technologies collectively affirm Admirals’ status as a safe and legitimate broker. In an industry where trust is crucial, Admirals stands out for its transparency, regulatory compliance, and dedication to client security.
CONCLUSION
Admirals stands out as a reputable broker in the forex and CFD trading space, offering a comprehensive suite of trading tools, resources and services.
With its strong regulatory framework, competitive trading conditions and commitment to customer satisfaction, Admirals is well-suited for traders seeking a reliable and efficient trading partner.
The broker offers over 3 700 trading instruments to its clients, through a variety of different account types, meaning Admirals’ clients are never short of options. In addition to this, Admirals is a well-regulated, trustworthy broker, ensuring that clients will have peace of mind over their funds.
The team at Brokersuggest.com can confidently say that Admirals is one of the best brokers in the industry and any trader who chooses them as their trading partner, will have made a great decision.
