In this Forex broker review, we will scrutinize Admiral Markets by evaluating its regulation, product range, spread, commission, and account types. Additionally, we will also look at Admiral Markets’ pros and cons along with deposit and withdrawal methods. So let’s start this Admiral Markets review with a brief introduction of the broker.
4.6/5
2001
$25
ADMIRAL MARKETS REVIEW
Admiral Markets is an established online Forex and CFD broker. It was founded in 2001 by Alexander Tsikhilov, a former Estonian Engineer. It is listed on the Nasdaq Nordic Stock Exchange since 2018 and has representative offices in 18 countries. Admirals offers a diverse range of financial assets, including Forex, CFDs stocks, indices, cryptocurrencies, bonds, and ETFs with competitive commission rates, low spreads, and fast execution.
| Founding Year |
 2001
|
|---|---|
| Regulated |
 Yes
|
| Rating |
4.7/5 |
| Minimum Deposit |
 $25
|
ADMIRAL MARKETS REVIEW
Admiral Markets is regulated by 4 regulatory authorities. These are the UK’s Financial Conduct Authority (FCA), the Estonian Financial Supervision Authority (EFSA), the Cyprus Securities and Exchange Commission (CySEC), and the Australian Securities and Investments Commission (ASIC).
The broker claims to provide funds security by segregating client funds and guarantees negative balance protection.
| COUNTRY | AUTHORITY |
|---|---|
 UK
|
Financial Conduct Authority (FCA) |
 Estonia |
Estonian Financial Supervision Authority (EFSA) |
 Australia |
Australian Securities and Investments Commission (ASIC) |
Cyprus |
Cyprus Securities and Exchange Commission (CySEC) |
ADMIRAL MARKETS REVIEW
Admiral Markets offers five core trading accounts based on the two versions of MetaTrader.
The Metatrader5 comes with 3 types of accounts. The first one is Trade.MT5. This account includes all asset classes with spreads starting from 0.5 pips.
The second account is Invest.MT5. It is specifically for stocks and ETFs trading with spreads starting from zero.
The Third account is Zero.MT5. This account features trading in currencies, CFD metals, energies, and indices with zero spreads as well.
Admiral Markets has two more account types with MetaTrade4 which are Trade.MT4 and Zero.MT4. Trade.MT4 features all asset classes with spreads starting from 0.5 pips.
Finally, Zero.MT4 features trading in currencies, metals CFDs indices, and energies. The spread on Zero.MT4 starts from zero pips.
ADMIRAL MARKETS TRADING PLATFORMS REVIEW
Admiral Market does not have a desktop-based proprietary trading platform and only offers third-party platforms. However, it has recently launched its proprietary Mobile application for CFDs, Forex, and other products. In addition, Admiral provides Metatrader4 and Metatrader5 for Windows and Mac.
The broker also provides MetaTrader’s mobile trading apps for Android and iOS along with the web-based trading platform to trade without downloading any software on your computer.
| PLATFORM | AVAILABILITY |
|---|---|
| Proprietary Platform (Mobile Only) |
Yes
|
| MT4/MT5 (Windows/MAC) |
Yes
|
| Mobile Platform (Android/IOS) |
Yes
|
ADMIRAL MARKETS REVIEW
Admiral Markets offers different leverage ratios depending on the country of your residence. For UK clients, the leverage on Forex is 1:30 while on Gold and CFD indices the leverage is set to 1:20.
For individual CFD stocks, it is 1:5, and for cryptocurrencies, it is 1:2. Traders outside the UK get higher leverage. For instance, for Australian traders, the available leverage on currencies, gold, and indices is 1:500.
| PRODUCT | MAX LEVERAGE |
|---|---|
| FOREX | 1:500 |
| COMMODITIES | 1:30 |
| CRYPTO | 1:2 |
ADMIRAL MARKETS BROKER REVIEW
Admiral Markets has a huge list of financial assets. The list includes 40+ currency pairs, 10 crypto crosses, and 20 cryptocurrency pairs with fiat currencies. There are also 28+ commodities and metals including gold, silver, and crude oil.
In terms of CFD stocks and Indices, Admiral markets offer 44+ indices and 3847 individual stocks from 23 different markets. Admiral also has a long list of 380+ ETFs.
Admiral Market’s range of products is extensive and is ideal to trade almost everything with just one broker.
| PRODUCTS | AVAILABILITY |
|---|---|
| Multi Assets |
Yes
|
| Forex |
Yes
|
| Crypto |
Yes
|
| CFD Stocks |
Yes
|
| CFD Indices |
Yes
|
ADMIRAL MARKETS REVIEW
The spread is a significant factor to determine the trading costs. Admiral Markets presents competitive spreads to its clients. The average spread on EUR/USD starts from 0.6 pips and goes up to 1.5 pip on other major pairs like GBP/USD. However, on crosses, the spread varies between 1.2 to 2.5 pips. On the indices, the spread starts from 0.8 pips and goes up to 1.2 pips.
Admiral Markets’ commission rate is low. On Its Zero spread accounts the commission for individual shares is $0.01 per share while on metals & Forex, the commission is between $1.8 to $3.0 per lot. Finally, the commission on commodities like crude oil is $1 per lot.
| PRODUCT | SPREAD RANGE |
|---|---|
| Forex | 0.7 - 1.2 |
| Commodities | 0.3 - 2.5 |
| Indices | 1 - 2.0 |
ADMIRAL MARKETS BROKER REVIEW
Admiral Markets’ deposit and withdrawal process is fairly simple. You can process a request from the client area on Admiral’s website. Mainly, the it offers 3 different methods to deposit and withdraw the funds.
You can deposit using your debit or credit cards, wire transfers, and e-wallets such as Skrill, Neteller, and Paypal. Deposits via wire transfers are free and there is no minimum amount restriction to transfer. However, wire transfers can take up to 5 days to process.
Deposits from credit and debit cards are processed instantly and the broker does not charge any fee for that. However, your bank may charge a processing fee. The e-wallet transactions are also instant and there is no additional fee.
On the withdrawal side, Admiral Markets offers its clients 2 free withdrawals in a month. Following the free withdrawal, there is a $1 withdrawal fee. Its important to note that withdrawing funds using wire transfer can take up to 3 days. However, withdrawals to e-wallets and credit cards are instant.
| METHOD | AVAILABILITY |
|---|---|
| Credit/Debit Card |
Yes
|
| Wire Transfer |
Yes
|
| E-Wallets |
Yes
|
| Crypto |
 No
|
ADMIRAL MARKETS REVIEW
To conclude this broker review, it’s clear that Admiral Markets has done well and it is a trusted broker. It is multi-regulated and has expanded to a number of countries. It offers a wide range of products and its education section is ideal from a learning point of view.
The broker also offers free webinars, technical and fundamental analysis. The only possible downside is the absence of a desktop-based proprietary trading platform. However, with the offering of MetaTrader, Admiral Markets covers this gap very well. Currently, what truly makes the Admiral Market ideal for traders is its long list of products, competitive spreads, and low commission.
ADMIRAL MARKETS BROKER REVIEW
Before making any decision, it is important to evaluate Admiral Markets’ pros and cons.
| Pros |
Cons |
|---|---|
| Multi Asset | No Desktop Proprietary Platform |
| Multi Regulated | Crypto Deposits Not Supported |
| Comprehensive Education | Limited Base Currencies |
| Low Minimum Deposit | Copy Trading |
| Huge List of Instruments | |
| Low Spread | |
| Proprietary Platform (Mobile only) |
Get Answers to All Frequently Asked Questions About Admiral Markets.
Yes, Admiral Markets is a regulated broker. Its regulated by multiple authorities, including the Financial Conduct Authority (FCA) in the UK, the Estonian Financial Supervision Authority (EFSA) in Estonia, the Australian Securities and Investments Commission (ASIC) in Australia, and the Cyprus Securities and Exchange Commission (CySEC) in Cyprus.
Admiral Markets offers five core trading accounts based on two versions of MetaTrader. These include Trade.MT5, Invest.MT5, and Zero.MT5, each catering to different trading needs.
Admiral Markets provides MT4 and MT5 platforms for Windows, Mac, and mobile (Android and iOS).
Admiral Markets does not offer a proprietary desktop-based trading platform. However, it has recently launched its proprietary mobile platform.
Admiral Markets offers different leverage options based on the product. Leverage for Forex trading can be up to 1:500, for commodities it is up to 1:30, and for cryptocurrencies, it is up to 1:2.
The spreads at Admiral Markets vary depending on the product. The minimum spread ranges from 0.7 to 1.2 pips for Forex, 0.3 to 2.5 pips for commodities, and 1 to 2.0 pips for indices.
Yes, Admiral Markets offers crypto trading alongside other financial instruments.
Yes, Admiral Markets offers copy trading features to its clients.
Admiral Markets minimum deposit requirement is $25
Admiral Markets offers a variety of account currencies, including USD, EUR, JOD, and AED.
Yes, Admiral Markets provides negative balance protection to ensure that clients’ account balances do not go below zero
Yes, Admiral Markets allows hedging to hold both long and short positions on the same instrument simultaneously.
Yes, Admiral Markets allows the use of Expert Advisors (EAs)
The commission rates at Admiral Markets are variable. For Forex and Metals, commissions range from 1.8 to 3.0 USD per 1.0 lots. Cash Indices commissions range from 0.05 to 3.0 USD per 1.0 lots, while Energies have a fixed commission of 1 USD per 1.0 lots.
Admiral Markets allows traders to have a maximum of 500 open and pending orders.
Yes, Admiral Markets offers market news analysis and delivers valuable insights to traders.
©2023 FOREXWICK.COM All Rights Reserved.
