Admiral Markets Review
Commissions & Fees
Education and Research
Admiral Markets is a forex broker that has garnered a large following. Offering its users highly competitive spreads and a variety of features, Admiral Markets could change how you trade. Read our review to learn more.
Admiral Markets is a long-standing broker in the Forex industry. They have been active since 2001 and now operate on a global scale. This means that the broker now offers Forex and CFD trading services to traders around the world.
Admiral Markets have become one of the most well-respected brokers in the industry thanks in part to their focus on proper regulation while expanding their offerings. This means they now offer a range of almost currency pairs and a huge number of CFDs in one of the industries most trusted settings.
For general traders, Admiral Markets offers 4 distinct account types depending upon your location. These account types are subdivided into two sections depending on the trading platform you wish to utilize. MT4 traders can open an Admiral.Markets Account, or an Admiral.Prime Account, while MT5 based traders can avail of Admiral.MT5 Accounts, or Admiral.Invest.
These alternate options all present varying features and minimum deposits amounts which will be detailed further, though they still present a wide plethora of choices when it comes to trading. The Admiral Invest Account in particular is designed for trading of stock CFDs and ETFs only. This is a common feature among many top forex brokers we have reviewed.
The minimum deposit required to open an account with Admiral Markets varies across account types. The two most popular account types, Admiral MT5 and Admiral Markets Account feature minimum deposits of $100. The Admiral Prime Account also features a minimum deposit of $100.
The Admiral Invest Account focusing on stocks and ETFs meanwhile, features a deposit minimum of $500.
Availability and Ease of Opening
Admiral Market’s services are available in most countries throughout the world. Throughout their almost two-decades in the industry, they have established a global network of traders to compete with the very best forex brokers.
Opening an Admiral Markets demo account takes only a matter of seconds. Through inputting some very basic personal information including your email, country, and location, you can benefit from 30-days of demo trading on any device with Admiral Markets.
Opening an Admiral Markets Live account is an equally expedient process. Only a few minor additional details are required. This is in combination with your proof of residence and proof of identification. Both of these can be submitted for electronic upload and almost instantaneous verification. This speedy process ensures you are trading live in no time.
As mentioned, Admiral Markets broker provides a wide range of trading products and markets which can rival any of the top forex brokers. This includes the Admiral Invest Account which is specifically tailored for trading in stock and ETF CFDs much like the offering of other top brokers like IG Markets.
Admiral provides a total of 45 currency pairs for trading. This includes all of the major forex currency pairs you would expect to see, together with a diverse range of minor and exotic pairs for the more specialized traders.
Admiral Markets provides the opportunity to trade thousands of CFDs. While these are mainly centered on stocks, and ETF trading, there are also extensive offerings of cryptocurrencies, bonds, indices, metals, and commodities. The broker particularly stands out to those wishing to trade crypto CFDs. In this area, they provide a total of 32 markets to trade.
Admiral Markets Commissions and Fees
Both the Admiral Markets Account, and the Admiral MT5 Account offer commission-free trading. In these cases, everything is built into the spread offered by the broker. The Admiral Prime Account does charge a commission. This commission ranges up to $3 per round turn on 1 currency lot. This also depends upon the volume of currency units traded.
In terms of spreads, Admiral Markets is competitive. This is thanks in part to their no dealing desk execution. The spreads on the commission-free Admiral Markets accounts begin from 0.5 pips, while the Admiral Prime account features spreads from 0 pips. The total average cost of trading a major forex pair is between 1.2 – 1.5 pips. (EUR/USD)
Admiral Markets attempts to keep their offering as friendly as possible in terms of fees. There are no fees for credit or debit card deposits and likewise for bank transfer deposits. A 0.9% fee is applied on deposits from the Skrill net wallet.
For withdrawals there are also no fees applied to the first 2 wire transfer withdrawals of each month, and a 1% fee on Skrill withdrawals. Payments in EUR are also subject to an additional 1 Euro charge.
Inactivity fees are charged by Admiral Markets at a rate of $10 per month after an inactive period of 24 months has occurred.
Admiral Markets Platforms and Tools
Admiral Markets is a Metatrader broker. This means they offer both MT4 and MT5 in desktop, webtrader and mobile format across all devices to their traders. These are among the most-respected trading platforms in the industry, making it no surprise why a major broker such as Admiral would choose to feature them prominently.
Both MT4 and MT5 platforms are available through Admiral Markets on desktop and webtrader. These two, visually similar trading platforms, never fail to impress. The basic visual construction is easy to navigate for traders, and particularly familiar to those who have traded on these most popular of platforms with other brokers. They are robust and highly efficient when it comes to execution and overall functionality.
As if the 50+ indicators and highly customizable charting tools which traders can access were not enough, Admiral Markets have added the MT4 Supreme add-on from FX Blue. This adds even more charting prowess to the already strong platform. Traders can access an additional 12 Expert Advisors and 20 custom indicators as well as other visual enhancements to the trading platform to chart important news events.
Admiral also incorporates additional tool to the platform which protect against slippage, and market gaps which can arise. Overall, they have excellently enhanced an already well-rounded and trusted trading platform.
Mobile Trading Platform
Like the desktop and webtrading, the mobile trading platform of Admiral Markets is provided through the MT4 app. This offering is the same as the platform offered by many major brokers and combines accessibility, with the amazing professional charting capability and order execution of MT4 to create one of the most powerful, customizable, and user-friendly mobile trading platforms in the industry.
This accessibility extends to the fact that traders can access any of their MT4 mobile broker accounts within the same mobile application with just the click of a button to change account with no additional downloads required.
Education and Research
The area where Admiral Markets really sets itself aside is education. They possess an extremely strong infrastructure for learning. This combines professional articles, tutorials, webinars, and seminars delivered by their own in-house tea and a range of industry experts. They are an active and authoritative source when it comes to the Forex industry in their own right.
Much of the trading knowledge required at each and every juncture of a trading career from introductory level, to that of a consummate expert, can be garnered and improved upon through engagement with the Admiral Markets educational material.
Crossing over into research, the broker attacks this with the same high degree of professionalism in the content it offers. As described, the news provided by the in-house Forex team is among some of the most quoted in the industry. For traders, a comprehensive economic calendar, daily market technical analysis, and impressive sentiment and trend indicators can be added to this list. The broker also engages Autochartist to enhance their research offering beyond what was already quite impressive.
The initial, clear differentiator between Admiral Markets and many competing forex brokers in the sector is the fact they have been around since 2001. This marks almost two-decades in the industry. Based on experience alone, many traders can feel an increased sense of comfort dealing with a broker who has been around the industry for such an extended period.
The addition of the MT4 Supreme add-on is something which few brokers can offer. This enhances the trading experience even for those with extensive experience using Metatrader platforms. The add-on may be a significant differentiator in attracting more experienced traders to Admiral Markets.
Admiral Markets Customer Service
With such a wealth of experience in the industry, Admiral Markets features a wide-ranging number of options which are all readily accessible when it comes to customer service. They can be contacted by phone on local Cyprus or Estonia phone numbers, reached by email, or contacted through the web-based live chat.
From testing, although responses were fast from all channels, they were not particularly helpful or quick to disclose relevant information which is somewhat surprising considering the size of the broker and professionalism with which they operate on almost all other levels.
Traders are recommended to utilize their extensive FAQ section which provides the answers to many of the most common questions you may have without taking the time to contact support directly.
A truly imperative component of any top forex broker in 2019 as with every other year, is regulation. In this regard, Admiral Markets performs exceedingly well. They are regulated across Europe by CySEC, and also within Estonia. Furthermore, they fall under the purview of ASIC in Australia, and the FCA in the UK. These all represent the most respectable bodies in terms of regulatory authority in the Forex sector.
What this instills within Admiral Markets is a vital sense of trust and credibility for traders. This can prove invaluable in attracting and retaining customers, and it is clearly something which the broker takes with the utmost seriousness.
Combining this with the broker’s expert experience in providing news and education within the industry, it is fair to say, they represent one of the highest points attainable in terms of trust in the sector.
For so many years, Admiral Markets has crafted a positive reputation as a considerate, trustworthy broker which has a strong reputation for providing the best products and services to their traders in a trusted environment. This is a legacy which they continue in 2019 and beyond.
They are one of the most-respected forex brokers in the industry, and after thorough review, the reasons for this success become clear. A focus on trusted regulation and compliance, along with a desire to go beyond what is expected in terms of products and services, exemplified by trading platform add-ons, and extensive trading markets, keep Admiral Markets at the pinnacle of the forex market.
Continuing along the same path, with a familiar, flexible approach to meet the needs of their traders, will undoubtedly see Admiral continue to be one of the major brokers, and respected industry sources for many more years to follow.
- Regulation from some of the best and most well-regarded bodies in the world of global finance, and an excellent track record of full compliance.
- Spreads offered are highly competitive and the broker makes every attempt to limit unnecessary fees.
- Impressive educational material and research capabilities in-house to rival any other broker in the industry.
- MT4 Supreme trading platform add-on improves the already impressive level of charting depth and analysis capability for more advanced traders.
- Customer service approach could be more welcoming, particularly to new users.
- The lack of a propriety trading platform, particularly for a broker with such a long number of years in the industry, may be noted by some traders.