Admiral Markets Review

Introduction

Admirals have a legacy in the brokerage domain stretching over two decades. The company equips their clients with advanced software tools such as MetaTrader 4, MetaTrader 5, and also a MetaTrader Supreme Edition plug-in.

Customers of Admirals enjoy a rich repository of educational and analytical resources too, alongside competitive spreads and minimal commissions. The low-cost trading stretches across a diverse range of account options, giving users an edge in flexibility compared to many brokers.

Admirals Pros & Cons

Pros

• Admirals provide the StereoTrader dashboard for MetaTrader, accompanied by the Supreme suite of tailored indicators – above and beyond most platforms that rely on MetaTrader.
• The company provides Premium Analytics including Dow Jones News, Acuity Trading’s sentiment analysis, and signals from Trading Central.
• There’s a vast range of symbols you can trade, with almost 7,000 symbols encompassing CFDs, forex pairs, and exchange-traded securities through the Admiral Invest account.
• Pricing is competitive with reasonable all-in costs, even when accounting for the $6 fee for its commission-based account.
• Customers can rely on a degree of safety: in Cyprus, the company maintains indemnity insurance, safeguarding up to 100,000 euros per customer against insolvency-related losses.

Cons

• The platform cannot serve clients from certain nations, so check before you try to sign up.
• Inactive accounts can be subject to a penalty: fees may be charged if there is no trading activity.
• Unlike some competitors there is 24/7 customer support, which can be tricky if there is an urgent question around a trade.
• For some traders, fixed-spread accounts really matter – but this is not something available to Admiral customers.

Where Admiral Markets Shines

• Premium analytics: Analytics doesn’t come free, and Admiral offers its traders plenty to go on. There’s an economic calendar that gives free access to a list of major events impacting global markets, a real-time market news feed, as well as Trading Central where customers can enjoy fully automated and customizable services that delivers technical analysis on demand.

• Attractive commissions: Every trader values the advantage of low commission fees, and with Admiral, you’re in for a treat. Depending on the market, commission rates vary. For those with MT4 accounts, you’ll discover that certain instruments come with no commission at all, while others are priced at $0.02 per share or between $1.80-$3.80 for 1.0 lots. MT5 account users will observe comparable commission structures.
• Comprehensive regulation: Admiral Markets is under comprehensive regulations not only globally but also specifically in regions like Australia (ASIC), Cyprus (CySEC), the U.K. (FCA), Canada (New SRO), South Africa (FSCA), and Jordan (JSC). Admiral has been in the industry for close to twenty years, carving out a formidable global presence. While trading inherently carries risks, having proper regulation across multiple jurisdictions serves as a pivotal marker of a broker’s dependability.

Where Admirals Falls Short

• Withdrawal fees: Nobody expects a free service, but many providers have generous limits for withdrawals – unfortunately, with Admiral Markets, traders only receive one free withdrawal per month.
  
  
• No US accounts: Americans are unable to sign up for an account at Admiral Markets, which means the service is unavailable to a large portion of the world’s most active traders.
  
  
• Inactivity fee: Though not unique amongst brokers, it’s worth noting that traders who sometimes pause their trading activity may be faced with an inactivity fee with Admiral Markets – which means some brokers could be a better choice.

What is Admiral Markets Best For?

Admirals, also known as Admiral Markets, stands out as a reputable CFD broker, regulated by multiple global financial institutions, including the FCA in the UK and ASIC in Australia. We suggest considering Admirals for those keen on forex and CFD trading, offering swift account set-up and convenient deposit

Admirals at a Glance

Detailed Ratings

• Account Types: (4/5) When you’re considering an account with Admiral Markets, you can choose from Trade.MT4, Zero.MT4, Trade.MT5, and Zero.MT5. These options indicate the trading platforms and spread types available.
  
  Please note that zero spread accounts don’t offer stocks, cryptocurrencies, bonds, or ETFs. All accounts provide leverage up to 1:30. However, zero spread accounts enable larger position sizes—up to 200 lots for forex compared to 100 lots in standard Trade accounts. A minimum deposit of $100 applies to all account types, and each supports mobile trading.
  
  Additionally, Admiral Markets caters to diverse traders by providing an Islamic swap-free account and a professional account tailored for institutional traders. It’s important to highlight that Admiral Markets operates as a market maker and doesn’t employ an ECN model for its retail accounts.
  
• Educational information: (5/5) The broker’s website is a treasure trove of complimentary educational content. It features live webinars conducted by expert traders, discussing areas like trend identification and the use of automated strategies.
  
  

• There are informative articles on forex and CFDs, conveniently labeled by their complexity level, be it beginner or advanced. Moreover, courses like “Zero to Hero” and “Forex 101” are available for those keen to learn.
  
  The company also hosts video tutorials on their YouTube channel, and listeners can dive into trading podcasts available on the Admiral Markets site.
• Safety features: (4/5) Admiral Markets places a high priority on user security. Their website employs advanced encryption to safeguard client information. For added protection on the MetaTrader platforms, they offer one-time password authorization.
  
  Furthermore, the Traders Room is fortified with dual-factor authentication, either through SMS or Google Authenticator which is significantly safer than relying on passwords alone.
  
  Admirals also offers trading safety measures, including negative balance protection for their users.

Other Admirals Features You Should Know

• VPS capability: For advanced investors, investors with a minimum amount in their accounts can utilize a Virtual Private Server (VPS). This VPS enhances performance by decreasing latency and allows Expert Advisors (EAs) to operate continuously, even when you’re not online.Furthermore, in situations with intense market fluctuations, volatility protection settings can be activated to guard against price slippage – which again, works alongside the performance features of the VPS.
• Low Spreads. Admiral Markets offer competitive spreads, which differ depending on your account type. Both MT5 and MT4 account holders can expect spreads beginning from 0-0.5. Such competitive spreads highlight one of the broker’s top advantages, especially for those traders intending to be highly active.

• Low Commissions. Every trader values cost-efficiency, and that’s precisely what Admiral offers with its modest commission fees. These fees fluctuate depending on the market. For MT4 account holders, some instruments come with no commissions, whereas others might charge $0.02 per share or between $1.80 and $3.80 per 1.0 lots.
  
  MT5 account holders can expect a similar commission structure. For a detailed breakdown of commissions, refer to the table below. Furthermore, for complete transparency, Admiral provides a comprehensive commission table on its website.
  
  

• Deep Analytics: Admiral Markets stands out in the area of analytics, empowering traders with insights into market performance. Beyond fundamental and technical analytics, they now offer a novel feature named “Premium Analytics.” This portal delivers economic calendars, technical analysis, global sentiment, and market updates. To access this feature, all you need is an active trading account.
  
  
• Demo account: Using a reputable broker like Admiral Markets, it’s anticipated that they would offer demo accounts – and indeed, they do. Setting one up is straightforward: just complete a brief form, and it’s ready for you. However, there’s a catch.
  
  These demo accounts lapse after 30 days. But, for those with a live account, this limitation doesn’t apply; your demo account will stay active until you decide to close it. The 30-day expiration is a downside, as thorough testing of a broker or trading strategy often demands more than a month. This means valuable insights and results from tests might be at risk of being lost.

Conclusion: Is Admirals Right for You?

Admirals impress in numerous ways, boasting an outstanding array of trading products and services that rank among the top in the industry. It would be challenging to find another broker that meets the diverse needs of various traders so comprehensively.

Clients are provided access to thousands of financial instruments for trading in a regulated environment on leading industry platforms and apps. The trading conditions are top-notch, featuring spreads starting from 0.0 pips, minimal commission fees, and swift execution speeds at the most competitive market prices.

They offer a variety of account types and funding options. Beginners are well-served with an abundance of educational content, and there’s the option to open a free demo account for trading practice. Market analysts will appreciate access to some of the finest trading tools on the market.

Putting client interests at the forefront, Admirals are dedicated to client protection and fair treatment, from promotions and product recommendations to after-sales service and complaint resolution. This client-first approach is highly commendable and sets a standard other brokers should aspire to meet.