Admiral Markets Review 2023
Brokers provide an intermediate link between investors and an exchange. They list all the available instruments that can be accessed with the help of trading software. Traders now have access to nearly zero or negative spreads, contrasting with previous days where costs would be as high as 10-20 pips. The increasing number of features has allowed retail participants to boost their trading consistency.
Admiral Markets is a global CFD and forex broker founded in Estonia in 2001. The company is under the Admiral trademark and strives to provide the best functional software for its clients to achieve a successful trading journey. They want their clients to have a transparent experience when trading with them and ensure the best.
They offer clients a wide range of desktop trading platforms, including Meta trader 4, Meta trader 5, web trader, and Stereo trader. Traders can choose from over 6 account types, with a minimum deposit of $100(except stockbroking).
Regulation and Security
To ensure the safety of your funds and offer its services around the globe, Admiral Markets has come under the following regulations:
- United Kingdom: Financial Conduct Authority (FCA)
- Australia: Australian Securities and Investment Commission (ASIC)
- Estonia: Estonian Financial Supervision Authority (EFSA)
- Cyprus: Cyprus Securities and Exchange Commission (CySEC)
- Jordan Securities Commission (JSC)
To add an additional layer of security, the broker provides regular financial reports to CySEC.
MiFID stands for Directive on Markets in Financial Instruments. It first came into operation on November 1, 2007, with the sole purpose of regulating the financial activities within the EuroZone.
Admiral Markets keeps your funds away from companies’ personal capital. The balance is maintained within trust accounts at Jordanian Bank.
The insurance benefits come with no additional costs and include all the Admiral Markets AS Jordan Ltd clients. The total compensation amount is huge at $100000 and covers eligible securities and cash.
Is Admiral Markets available worldwide?
The state-of-the-art trading services are available worldwide except USA, Canada, and Japan. Traders from restricted countries can still open a demo account if needed.
Trading platform is one of the vital components that can help investors maintain an edge over the markets. It holds all the market data, interactive charts, various order types, EA testing, and much more. Nowadays, brokers offer their personal software or provide third-party applications for trading. The platforms can differ in terms of complexity and range of available features.
Admiral Markets does not hold back when it comes to the provision of industry-standard software:
- MT4. One of the most common trading platforms preferred by many due to the user-friendly interface, multi-language support, advanced charting capabilities, etc. The MetaTrader 4 was developed by the MetaQuotes corporation back in 2005. Since then, it has been under constant development and updates to match the current more sophisticated software.
- MT5 platform has all the capabilities of the MT4 platform with advanced features such as level 2 market data, multi-currency backtesting, support for additional time frames, MQL5 coding, etc. Both the MT4 and 5 software come with the MQL 5 marketplace, where traders can sell or purchase their algorithms.
- Web Trader. The Web Trader is accessible from your local browser. Traders do not need to download any software and go through troublesome installation procedures. The platform is available for all Admiral Market account holders and has no requotes or restrictions on trading styles.
- Stereo Trader. Stereo Trader is a personal application of Admiral Markets developed to improve your day-to-day trading. The platform features one-click trading, performance analysis, risk management tools, advanced order types, and strategic orders.
Admiral Markets has a range of account options for traders.
- Invest (Available only on MT5)
The zero account is available on both MT4 and 5 platforms and uses a market execution analogy on trades. The maximum stop-out level is capped at 20%, while the total no of open/pending orders is 200. It currently supports 45 currency pairs, 3 metal CFDs, cash index, and energy CFDs.
The trade account has variable spreads and zero commissions on trades. Traders can open a portfolio in USD, EUR, JOD, and AED as base currencies.
The instruments can vary depending on the MT 4 and 5 platforms. The latter is in the lead with more currency pairs, metals, and availability of commodity futures and ETF CFDs.
The portfolio is used for trading stocks and ETFs with direct executions on the exchange. The account is useful for long-term investors who want to build up their equity portfolio without leverage.
The interest-free account is only at hand with the trade account on the MT 5 platform. While there are no interests, Admiral Market charges a fixed administration fee on trades.
Traders can quickly sign up on Admiral Markets with their email and password. After verifying your email and phone number, it is essential to provide identity documents to comply with KYC regulations.
Opening a demo account on the web trader does not require any sign-ups.
Admiral Markets has one of the most user-friendly and intuitive dashboards amongst various financial brokers. The company provides live charts, access to deposit/withdrawals, vital trading terms, and professional market analysis on the main page. An exclusive section is reserved for premium analytics which traders can access with a live account.
Deposit and Withdrawals
Traders can deposit funds from Paypal, Skrill, Neteller, credit cards, debit cards, and bank wire transfers. There is no minimum deposit cap on bank transfers. The least funding from a credit/debit card is $25.
The broker accepts different base currencies when depositing, including USD, GBP, CHF, EUR, CZK, BGN, HUF, HRK, RON, PLN, AUD, JOD, SGD, and AED. Withdrawals are the same as deposits and are strictly made according to the user’s account name to avoid fraudulent activities. The cashouts are processed on the same business day if the request is received before 17:00.
The broker has a variety of asset classes to trade from that include forex, metals, energies, stocks, Indices, ETFs, and Bonds. Users can diversify their portfolios by trading multiple markets at free will.
The table below summarizes the major instruments and the maximum leverage.
Commissions and Fees
There are no fees for deposits and withdrawals at Admiral Markets. 1% of the total balance is deducted for internal transfers at accounts with different base currencies. For wallets, the first 5 transfers are free, while the rest are charged 1%.
The trade account has variable spreads ranging from 0.5 pips. For Single Share & ETF CFDs, $0.02 is charged for a single share.
The zero accounts has spreads starting from 0 pips. It follows a commission model where traders have to pay $1.8 to $3.0 per 1.0 lots for a single side on forex and metals. The rate stands at $0.05 to $3.0 for cash indices while $1 for energies.
An inactivity fee is charged for portfolios with no trading activity for 24 months. $10 is deducted for any dormant accounts.
Leverage increased your overall buying power helping you to open positions with a larger lot size. Understanding your risk-reward ratio is essential before using a considerable margin, as high leverage can result in a potential margin call.
Admiral Markets offers leverage of up to 1:500 to trade markets like stocks, forex, and CFDs ( ASX200, DAX40, DJI30, FTSE100, NQ100, SP500), Gold, and XAUAUD. They also offer a leverage of up to 1:200 on other CFDs( AEX25, CAC40, HS150, IBEX35, JP225, MDAX50, OBX25, SM120,TECDAX30, STOXX50).
Crude oil, Silver, Copper, Palladium, Platinum, and Brent can be traded with a leverage of up to 1:100. Commodities like Canada60, India50, Singapore25, Arabica, Cotton, Sugar, and Orange have a max cap of 1:50
Analysis and Education
Admiral Markets strive to equip its clients with the right knowledge to tackle the markets professionally. They provide free educational materials, including webinars, articles, tutorials, and seminars. As a trader, you are assured of getting the right trading skills in technicals, fundamentals, and risk management.
The company also offers brochures and education books in several languages. Clients can also use a wide selection of analytical tools to help them navigate the markets precisely.
Quality customer support can help you resolve issues with your platform or trades. Admiral Markets has a quick live chat where clients can get immediate access to an agent for any problems or concerns. They also have a customer service team ready to assist on phone and WhatsApp. The help center is also at hand to address issues regarding trading, platforms, dashboard, payments, and partnership programs.
Reputation amongst Traders
Admiral Markets received mixed reviews from its users, with some applauding them for their quality services while others thought they should do better. There were complaints about how long it takes to verify an account, but the broker quickly responds to any issue.
Overall the company has a rating of 4.6 with over 1266 reviews, with most clients satisfied with their services.
Admiral Markets has won many prestigious awards, enhancing the broker’s credibility. Some of the notable achievements include:
- Best CDF broker 2019 at the Broker Wahl awards
- Best CDF broker 2020 at the Deutsches Kundeninstitut awards
- Best CDF broker 2020 at the Broker Wahl awards
- Best forex and CDF broker 2022 at the Broker Wahl awards
The broker has been able to partner with like-minded companies that benefit them and their clients. They also plan future partnership programs to market their services and products and offer an affiliate program for their clients.
- Affiliate. The affiliate program is specifically available for website owners, email, and media marketers. It uses a CPA commission plan to provide transparent and swift payments. The revenue share in favor of traders is 25%. The rewards are only given if the trades last for more than 3 minutes.
- White label. Traders and big financial institutions can set up their own brokerage without going through challenging setup procedures. Over 500 instruments are supported by Admiral Markets with spreads starting from 0.0 pips. The whole program can be easily set up in 4 steps taking a maximum of 2 weeks.
- IB. As an introducing broker, you can earn commissions whenever your referral deposits in their trading account. The broker provides a range of marketing tools to help generate more leads. Similar to the affiliate program, the overall revenue share is capped at 25%.
Can beginners trade with Admiral Markets?
Admiral Markets is a veteran broker with a range of trading tools to help beginners. The most important is the demo account which can be used to practice your craft at zero cost. The comprehensive education section is catered for beginners, amateurs, and professionals. As traders improve themselves, they can slowly progress through the ladder.
In summary, Admiral Markets is a reputable broker with one of the lowest costs and fastest trade executions. It beats other companies in terms of regulation, partnership programs, and a user-friendly trading interface.