Admiral Markets Review by professional Forex trading experts the “ForexSQ” FX trading team, Finding out everything you need to know about the broker is in this AdmiralMarkets Review.
AdmiralMarkets Review
The broker offers its clients a choice of three account types and two trading platforms. The Admiral Markets account is commission-free and provides micro lots for trade, while the Admiral Prime and Admiral MT5 ones involve a commission, but of course provide spreads as low as zero and 0.2 pips, respectively.
What is more, Islamic (swap-free) accounts are offered for all account types, with base currency of GBP, USD or EUR.
The Company
Since it was founded in 2001 in Estonia, Admiral Markets Group has continually expanded its geographic reach and nowadays offers trading in a wide range of instruments. With Admiral Markets one can trade in currency pairs and CFDs on stocks, indices, precious metals, energy products and many cryptocurrencies (Bitcoin, Ethereum, Dash, Monero and Zcash). These products are available on two platforms (MT4 & MT5) through its regulated companies around the world. The Group includes the following companies:
– Admiral Markets Group AS, licensed by the Estonian Financial Supervision Authority for main investment and brokerage activities in the European Union;
– Admiral Markets (UK) Ltd., FCA, authorised and regulated by the Financial Conduct Authority (FCA);
– Admiral Markets Cyprus Ltd., licensed by the Cyprus Securities and Exchange Commission (CySEC);
– Admiral Markets Pty Ltd, based in Sydney, regulated by the Australian Securities and Investment Commission (ASIC).
Security of Funds
All units of Admiral Markets are duly regulated by the respective authorities in Europe and Australia and these apply certain requirements to brokerage firms. One of them is the minimum capital requirement for licensed brokers as a guarantee of good financial standing. Both CySEC and FCA oblige brokerages to maintain net tangible assets of at least EUR 730 000, while ASIC demands at least $ 1 million.
Furthermore, these regulatory authorities require all money held on behalf of clients to be kept in segregated trust accounts, separated from companies’ operating funds.
What is more, clients of regulated Cypriot and UK brokers are covered the compensation schemes, which apply in case a licensed company becomes insolvent: The Financial Services Compensation Scheme (FSCS) in UK is able pay compensation up to a maximum of £50,000 per person per regulated entity, while the Cypriot Investor Compensation Fund may cover investment loss to a maximum of 20,000 EUR per person. Australian FX broker regulation, however, does not include any compensation scheme.
Furthermore, under the MiFID Passporting Regime companies regulated in their EU “home state” are allowed to provide services to customers in other Member States of the European Union.
Trading Conditions
Minimum Initial Deposit
Admiral Markets requires its clients to deposit at least $200 in order to open an account with them, which is average for the forex market. In comparison AxiTrader, holding licenses from both FCA and ASIC, also demands at least $200 from its customers, and a minimum of $1000 for ECN account holders.
Average Spreads & Commissions
Admiral Markets provides variable spreads, averaged 1.2 pips for the EUR/USD pair on commission-free account and 0.6 on ECN ones, involving a commission of $6 round turn per standard lot. This basically means that trading costs on different account types are similar – around 1.2 pips, which is average.
In comparison, AxiTrader`s typical ones on the commission-free accounts amount to around 1.4 pips on EUR/USD, while ECN ones are averaged 0.4 pips on EUR/USD with a commission of $7 round turn. For more information, you may check out and compare real-time spreads of 15 leading brokers here.
Maximum Leverage
This broker offers leverage up to 1:400 which is at the upper end of the industry’s standard and is considered a high rate. Nonetheless, many brokers offer similar or even higher leverage levels: check out a list of FX brokers offering leverage equal to or exceeding 1:500 here.
Traders, however, should be mindful of high leverage, for it may both multiply their profits on a small deposit and lead to heavy losses exceeding their initial investments.
Trading Platforms
Admiral Markets supports two of the most popular forex trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
MT4 is fully customizable for just about any trading situation, skill level and preference. With this broker it is available as desktop, web and mobile version. MT4 provides all the tools and resources a trader needs: a number of technical indicators, advanced charting package, one-click trading option, Expert Advisers (EAs, which allow full automatization of trades) and extensive back-testing environment.
In addition, Admiral Markets has developed MetaTrader 4 Supreme Edition – a powerful MT4 plug-in, which features some ample conveniences and performance-enhancing tools, such as:
• The Mini Trader – simplifies and enhances order creation in a neat and compact window
• Trading Terminal – uses the Mini Trader terminal across multiple currencies all conveniently placed in one window
• Alarm Manager – provides alerts for important events as per your preferences
• Correlation Trader – assists you in taking advantage of correlated pairs and / or avoiding the risk
• Correlation Matrix – shows the correlation between all currency pairs.
Admiral Markets also supports the MT5 (desktop & mobile versions available), a platform which was developed and marketed as an improvement on MT4, yet many brokers still prefer the earlier technology, since MT5 does not support all MT4’s indicators and EAs. You may look up more brokers supporting the MT5 here.
What is more, Admiral Markets offers rich Educational and Analysis sections on its websites. While a number of brokers provide training courses and webinars, the analytics Admiral Markets is truly outstanding. It includes quality fundamental analysis, technical analysis, wave analysis, forex calendar, Autochartist, Market Sentiment and a Market heat map. It seems that this broker is really trying to enable its clients make thoughtful and intelligent trading decisions.
Payment Methods
With Admiral Markets investors can choose between bank wire transactions, payments via credit cards (VISA and MasterCard) and e-wallets Skrill, Neteller, Sofort and PayPal.
Deposits to trading accounts can be made in most national currencies, which are subsequently converted into GBP, EUR, USD, CHF or other applicable currencies.
Admiral Markets is a global broker with strong regulation & many years of experience, providing fast market execution and transparent pricing. It offers attractive conditions for trading in variety of instruments on both MT4 and MT5.
Instead of the forex broker you can use Plus500, XM, eToro, Fxpro or AvaTrade forex brokers.
AdmiralMarkets Review Conclusion
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