Admiral Markets Review: Pros, Cons, and Strategy You Should Know
Admiral Markets is an online trading service provider, which operates under the Admiral Markets trademark. However, they have been operating since 2001 and made a global presence gradually. In this Admiral Markets review, we will discuss the factors that have helped to build them as the best forex broker. With the use of highly functional technology along with access to multiple trading instruments, Admiral Markets is leading the forex brokerage industry.
But how did they do it? A question every curious trader asks, and we tried to find the answer. We will explain it through some features they have been providing, such as leverage, spreads, demo account, trading account types, and more. We will take you through each of the detailed steps by step in this Admiral Markets review. Let’s dive in.
Regulations and License
To provide unbiased service globally, Admiral Markets got to manage regulatory membership and licenses from various financial authorities worldwide. Some of the legal authorities that have been overseeing Admiral Markets are-
- The UK Financial Conduct Authority
- Estonian Financial Supervision Authority
- Cyprus Securities and Exchange Commission (CySEC)
- Australian Financial Services Licence (AFSL)
- MiFID II in Europe
Is Admiral Markets Safe to Trade?
To measure the safety of a broker, we always look for the regulations. Regulations from top tier authority ensure more safety. And Admiral Markets has membership from two tiers 1 and two-tier 2 regulatory bodies, which confirms them as a safe and secure broker. Membership from the above-mentioned authorities marks Admiral Markets as an average-risk broker, which you may consider as no risk at all. Additionally, they have a trust score of 83 out of 99, which is fair enough to say above the average.
Admiral Markets Review on Trading Platforms
Since the MetaQuotes released their platforms, Admiral Markets has partnered with them. The partnership has been providing all the MetaTrader platforms such as MetaTrader 4, MetaTrader 5, Web Trader, and MetaTrader Supreme.
Admiral Markets MT4
MT4, also recognized as MetaTrader 4, is one of the leading forex trading platforms. However, it is also available for CFD trading too. MT4 is usable on MAC and Windows by downloading the software. Additionally, it is also available via web browsers and mobile apps. The web platform is accessible on any device without downloading anything, while you have to download apps for mobile trading, which are available for iOS and Android.
Admiral Markets MT4 is reliable and fast, which also offer a wide range of features to boost the trading, including
- Automated trading options via APIs
- Advanced charting features
- Multiple time frames such as one minute to one month
- Customizable indicators
- Trade with one click
- Historical data supports
Admiral Markets MT5
MT5 is also a forex trading platform by MetaQuotes, which comes after the success of MT4. However, Admiral MT5 is helpful for the advanced traders, who have been trading for a good amount of time. Admiral Markets MT5 cater to many advanced technical indicator tools that help the analysis. Overall, it is an all-around platform for all markets, especially for CFDs. Admiral MT5 features includes-
- Provide free market data
- Access to the education market
- Level 2 price offerings
- Realtime news feeds
- Provide VPS support
MetaTrader supreme comes with more powerful tools than the former ones, which enhance the trading capability. It offers some sophisticated technical indicators along with award-winning pattern technology. Besides, the holding timeframes and day trading strategies also gives an edge to the traders. They have a unique feature, which is the Global Opinion widget to install helpful add-ons to your platform. However, MetaTrader supreme offers to trade in multiple currencies and orders.
WebTrader Admiral Markets is basically the mirror software of the desktop platform, which is accessible via web browser from any device regardless of the operating system. Furthermore, if it allows straightforward trade management alongside the price analysis. Traders also get access to different indicators, including pivot points as well as the forex pip calculator.
Additionally, it also supports multiple risk management tools that you can implement to reduce the associated risks.
Admiral Markets Products
So far, Admiral Markets CFDs have 3,000 global products under their roof, which are available via the CFDs. Products include-
- 3,000+ stocks & shares
- More than 30 cryptocurrencies such as Bitcoins Litecoin, Ethereum, etc.
- 50+ forex pairs
- 25+ commodities such as oil and gold.
- More than 40 indices, which includes S&P 500, US Dow Jones 30, Nasdaq, etc.
Besides, Admiral Markets also offer 400 ETFs and bonds. However, binary trading and spread betting are not available.
Admiral Markets Spread and Fees
Trading cost in Admiral Markets is low. They earn money from spreads, and it starts from zero pips. All the major and minor forex pairs are available in Admiral Markets with favorable spreads. For example, EUR/USD starts from 0.6 pips and GBP/USD from 1 pip. Spreads for the indices start from 1 pip.
However, keep in mind there are some other fees too. For example, you have to pay an inactivity fee if you don’t use the Admiral account for two years. Besides, they also impose swap fees, also known as interest. Overnight charges also other fees you might want to keep in mind. However, you will get all the details on their website.
Leverage in Admiral Markets
Different forex broker reviews suggest that Admiral Markets offer their service mostly for the retail clients, and the offered leverage is up to 1:30. Some other leverage options are-
- Stocks, ETFs & bonds – 1:5 maximum leverage
- Forex – 1:30 max leverage
- Cryptocurrency – 1:2 maximum leverage
- Indices & commodities – 1:10 maximum leverage
However, you will get access to an easy-to-use margin calculator to know the leverage before you start trading.
Admiral Markets Mobile App
Compared to other top forex brokers list, only a few brokers have their own apps to manage the brokerage account. Being said that, Admiral Markets offer their very own mobile apps, which can be downloaded for Android and iOS devices. The mobile app provides a live price feed app, along with three different customized chart types. Additionally, you will be able to get access to the custom indicators, recent news, and journals on trading.
The good thing about Admiral Markets mobile apps is, it is customizable.
Deposit Methods & Withdrawal Methods
Admiral Markets has a variety of deposit methods. Most of the deposit methods are instant, while some may take up to three days. However, they don’t take any cash deposits. Deposit methods include Visa & Mastercard, Bank transfer, Skrill, Neteller, Paypal, iBank, iDeal, and Safety Pay. Among all these methods, a bank transfer may take three days to available the fund in the Admiral Markets account.
However, the minimum deposit is a bit higher than other brokers, which is $100. But the deposits are free of cost except for some methods. For example, Skrill and Neteller change by 0.9%.
Unlike deposits, withdrawals don’t include all the methods. A trader can apply for the withdrawals via PayPal, Bank Transfer, Neteller, and Skrill. All types of withdrawals are instant except for the bank transfer, which may take three days. The bank transfer takes time because Admiral Markets required bank codes, which they verify with the bank. After they are done with the verification, Admiral sends out the money to your desired bank accounts.
However, while researching for the Admiral Markets review, we have found that withdrawals are not always free. A trader can request two free withdrawals each month. Moreover, there has to be at least $1 to request for withdrawal.
Admiral Markets Review: Account Types
Admiral Markets offer different account types via Admiral Markets MT4 and Admiral Markets MT5 forex trading platforms. The account types are Trade.MT4, Zero.MT4, Trade.MT5, Invest.MT5 and Zero.MT5. Among these, Trade.MT4 and Trade.MT5 are the most popular ones. Your spreads will change according to the account types.
However, bonds, stocks, crypto, and ETFs are not accessible via zero accounts. Additionally, the leverage is up to 1:30 on almost all the accounts, but zero spread accounts offer great position sizes. The minimum deposit for all Admiral account types is $100.
Furthermore, Admiral markets also support swap-free accounts for the Muslims. A professional account is also available for institutional traders.
For your information, Admiral Markets are the market makers, and Admiral Markets ECN is not available for the retail clients. Admiral Markets ECN model is applicable for the institutional clients.
Admiral Market Demo Account
A demo account lets the trader judge the broker before depositing the real money. Admiral Markets provides a demo account with $10,000 virtual money in the account. Traders can help us to check the platform ins and out. Once you open the demo account, the fund will be available immediately, and you will also get access to the MT4 and MT5 platforms. However, the demo account doesn’t show the live market. Instead, they replicate the live market with 15 minutes delay.
Admiral Markets Benefits
The benefits you will get from the Admiral Markets are-
- Up to 1:30 leverage
- Zero spreads
- Negative balance protection
- 01 minimum lot
- MT4 and MT4
- Get dividends on long positions
- Regulated with top tier authorities
- Order execution speed is under 150 milliseconds
- Inactivity fees
- It doesn’t offer spread betting or binary options trading
Admiral Markets Review: Customer Support
You can contact the support via live chat, phone, email, and a contact form. A phone call and live chats are great to get any emergency support as you can get connected within a few minutes. Besides, the multilingual support would get your job done promptly in your language.
The Admiral Markets review shows us that it is available in most of the European and Asian countries except a few. However, it is not accessible from the USA. Other countries that prohibit Admiral Markets are Australia, Malaysia, Japan, Canada, and Singapore.
Considering all the features, trading tools, and market accessibility, we can say in one word that Admiral Markets is a good fit for any traders from beginners to advanced.
Top Rated Online Best Forex Brokers 2023