Admiral Markets Review 2020 Trading Platforms, Account Types, Spreads, Leverage & More

  • Home
  • Admiral Markets Review 2020 Trading Platforms, Account Types, Spreads, Leverage & More

Welcome to our Admiral Markets review for 2020. We looked through all the information available to write down this guide that will let you know if this is the broker you have been looking for. We cover all the details about platforms, fees, educational material, research, and details on every critical aspect. Read on to find out more about this broker.

Admiral Markets is a forex, stock, and CFD broker. The company was established in 2001 and is now regulated by the FCA (Financial Conduct Authority), ASIC (Australia Securities and Investment Commission), CySEC (the Cyprus Securities and Exchange Commission) and EFSA (the Estonian Financial Supervision Authority).

In this Admiral Markets review, we will look at all the information you need to decide on this broker. We will cover platforms like Admiral Markets MT4 and MT5, Admiral Markets ECN details, and other relevant information.

You will be able to choose from 4 different accounts and trader on more than 5000 markets. The markets cover indices, shares, forex commodities, ETFs, Bonds, and Cryptocurrency CFDs.

You will trade on MT4 or MT5. All these platforms are available on Mac, Windows, Web, and mobile.

Read on to learn more.

 admiral markets,admiral markets review

 admiral markets,admiral markets review

Admiral Markets Pros and Cons

Pros

  • With Admiral Markets, you can trade on MT4 and MT5 for Mac, Windows, Web, and Mobile.
  • There is strong regulation behind Admiral Markets in the form of FCA, CySEC, ASIC, and EFSA.
  • The CFD Trading accounts cover many asset classes, including ECN forex.
  • You can invest in shares and global stocks.

Cons

  • There is no daily market analysis, offered by some of the competitors.

Trading and Non-Trading Fees

Trading Fees

According to our analysis, the forex and trading fees you incur when using Admiral Markets are low. They have no withdrawal or deposit fees either. To get even more familiar with what to expect with this broker, we are going to get into the details of their fee structure.

Before we do that, you have to understand that where we would typically pit the broker against others of the same level to see how they compare, we cannot do that for this one. The fees for Admiral Marketa vary a lot, depending on the account.

For that reason, we must be detailed in the way we present the information by referring to the information provided by Admiral Markets.

To get started, let us look at some of the terms that are used when we are talking about the broker fees. You need to pay attention to the trading and non-trading fees, as they can be a deal-breaker if they are too high.

  • You pay trading fees when you trade. They can be in the form of Admiral Markets spreads, commissions, financing rates, and conversion fees.
  • The non-trading fees include charges that are not directly related to the trading activities. They include withdrawal fees or inactivity fees.

Let us start with the trading fees.

  • Trading Fees and Details For Admiral Traders MT5

 admiral markets,admiral markets review

  • Trading Fees and Details For Admiral Traders MT4

 admiral markets,admiral markets review

  • Trading Fees and Details For Admiral Traders Zero MT5

 admiral markets,admiral markets review

  • Trading Fees and Details For Admiral Traders Zero MT4

 admiral markets,admiral markets review

 admiral markets,admiral markets review

A Note from Admiral MarketsThe positions in these instruments can undergo cash adjustments to reflect the weighted effect of dividend payouts. The account will be credited when you hold a long position or debited when you hold a short position for the appropriate amount of time on the ex-dividend dates of the index constituent stocks.

The Non-Trading Fees for Admiral Markets: Deposit And Withdrawals

When we talk about non-trading fees, we are usually talking about things like withdrawal fees, deposit fees, inactivity fees, and any other type of cost you will incur, outside of trading activities.

There are no withdrawal or deposit fees. If you get charged anything, it would most likely be by the bank to which you withdraw. The international transfers always have a charge that you will need to be aware of.

To get into some details, you will have the following options for depositing funds;

  • Bank wire transfer
  • Visa/Mastercard
  • Skrill
  • Klarna
  • Neteller
  • Safetypay
  • Ibank&banklink
  • Ideal
  • Presley

For fund withdrawal, you can use:

  • Bank transfer
  • PayPal
  • Skrill
  • Neteller

For more information, go to this link: https://admiralmarkets.com/start-trading/deposits-and-withdrawals

Aside from that, you do not need to worry about any other fees except for the inactivity fees.

Unlike most of the peers who do not charge inactivity fees, when you are trading with Admiral Markets, you will be charged a $10 fee if the account is shown to be inactive.

Admiral Markets Account Opening

Admiral Markets account opening is easy and fast. There is a short online form you will need to complete. It takes just a few minutes to finish.

admiral markets,admiral markets review

  • Add your names, email address and country you live in
  • Give other information about yourself, including date of birth, profession, and address.
  • You will then have to verify your address and identity using your national ID, passport, driver’s license, or recent utility bill.
  • You will be directed to the Trader’s Room account, where you can open a live or demo trading account.

The approval for your account will typically take just a day to get done. Once you reach the Trader’s Room, you can navigate through the next steps to your destination. To open a live account, simply click where it says ‘Open Live Account’ and follow prompts.

You will be asked what type of account you would like to open. Then you can provide your personal and financial information as well as identification and proof of address.

You should know that Admiral Markets does not accept clients from the following countries: SA, Canada (demo account allowed), Japan (demo account allowed), Afghanistan, Burundi, Equatorial Guinea, Ethiopia, Iran, Iraq, Jamaica, Democratic Republic of Congo, Libya, Myanmar, North Korea, Somalia, Sudan, Syria, Turkey, Vanuatu, and Yemen.

You can open accounts in any of the following base currencies: HUF, NOK, EUR, USD, CHF, BGN, CHF, CZK, SGD, RUB, RON, SEK, PLN, HRK, and AUD.

Admiral Markets Account Types

Admiral Markets accounts are available for traders to open. There is a range of accounts that you can choose from. They all vary in terms of services and trading terms. The accounts you will have to choose from are 2 MT4 accounts and 3 MT5 accounts.

Some of them have more trading instruments than others. Others vary on minimum deposits, commission, or leverage.

You will be happy to know that there is an Admiral market demo account for each of them. It will be easier to start with it and see what you are getting before you sign up for an actual account.

To list them, you will have the options of:

  • Admiral Markets account
  • Admiral Prime account
  • Admiral MT5
  • Admiral Invest

Both the Admiral Markets and Admiral Prime accounts are on the Admiral Markets MT4 platform. The Admiral MT5 and Admiral Invest are provided on the Admiral Markets MT5 trading platform.

  1. Admiral Markets Account

This is a market execution account provided on Admiral Markets MT4. It requires the trader to have a minimum deposit of $200 and has a leverage of up to 500:1. The spreads begin from 0.5 pips, and there is no commission charged for forex trading activity.

The wide variety of markets covers stock CFDs, Commodities, Indices, Cryptocurrency, and Forex. A trader can fund the account in multiple currencies.

  1. Admiral Prime Account

This is a market execution account provided on the Admiral Markets MT4 platform and requires a trader to have a minimum deposit of $200 and has a leverage of up to 500:1. The spreads begin from 0 pips. There is a commission charged for forex trading activities.

With this account, you will be doing ECN-style trading. However, the traders can only trade on forex pairs and CFDs on Energy, Indices, and Metals.

  1. Admiral Invest

With an Admiral Markets minimum deposit of just $1, this account gives traders access to over 4000 stocks to trade. The physical stocks, shares, and ETFs come from 15 global stock exchanges. The spreads begin from 0 pips with a competitive commission charged.

There are over 200 ETFs for retail clients and over 500 for pro traders.

  1. Admiral MT5

As you can tell from the name, this account is only available on the Mt5 platform and is the most comprehensive Admiral Markets account with the most trading instruments offered. The Admiral Markets minimum deposit required here is $200. The leverage goes up to 500:1.

There are no requotes, and there’s negative balance protection, you get market execution, and the commission is very competitive.

Traders have access to CFDs on commodities, forex, indices, ETFs, Crypto CFDs, bonds, and shares.

Admiral Markets Islamic Forex Account- In addition to all these accounts, you will also have the option of getting an Islamic Forex for swap-free trading. Any trade open with a holding period of more than 3 days (1 day for crypto and exotic forex pairs) will charge an administration fee.

All of the fees can be viewed if you go here: This Link.

Everything is covered to ensure that all customers who want to trade can get something suitable for them.

Admiral Markets Deposit Bonus

Admiral Markets review research shows that the regulators under whose jurisdiction the broker falls, do not allow provisions for bonuses. So, when you sign up with Admiral Markets, you will not get a deposit bonus.

If you do get any bonus at all, it would be from a third party, and you would do well to be suspicious of such offers as they could be scams. As far as Admiral Markets is concerned, they do not offer deposit bonuses or promotions.

Admiral Markets Trading Platforms

In our Admiral Markets review, we found that they provide a good selection of the most popular and most reliable platforms from MetaTrader. MetaTrader is the leading software offered by MetaQuotes Software Corp. It is what you will use most of the time.

On Admiral Markets, you will be able to use it on Desktop for Mac and Windows, open up Admiral Markets MT4 and MT5 on the web, and even access the mobile application for iOS and Android.

The mobile platform is especially convenient for those who want to access their accounts so they can trade on the go.  So, let’s take a look at what is being offered and what you can expect to get from it.

admiral markets,admiral markets review

  • The MetaTrader Web Trader

The Admiral Marketswebtrader is very customizable, available in multiple languages, and gives clear fees reports. It does not require a two-step login and does not provide price alerts.

The most used platform by the clients is Admiral Markets MT4, which is third-party software. In addition to this one, Admiral Markets MT5 is also available. Both of them are accessible on the webtrader, mobile, and desktop.

  • The best part about the web trading platform on Admiral Markets is that it is very customizable. You can change size and position very quickly and easily from the table. It is hard not to feel like the platform is a bit outdated.
  • Some of the features might be hard to find, but when you have so much functionality in one software, it is only natural. Over time, you will get used to where everything is, and you will know where to look.
  • The search functions are alright. You can find all the assets listed by category, but you cannot manually search an asset by name.
  • It is easy to place orders, and you have these types of orders available; market, limit, and stop-loss. The others are Good ’till Cancelled (GTC) and Good ’till Time (GTT). You cannot set your alerts and notifications when using the Admiral Marketsweb-trading platform because that feature is only available when you are using the desktop app.

Portfolios and fees reports are easy to access and read, and Admiral MT5 and MT4. You will be able to see the profit-loss balance and the commissions you paid. The reports can be found under the history tab. There is no accessible way to download them, though.

  • The MetaTrader Mobile Platform

MetaTrader is the only software that Admiral Markets has on mobile. In our Admiral Markets review, we found that it is available for both iOS and Android users. After you download the Admiral Markets MT4 or MT5 mobile trading application, access the relevant server.

You can choose from the many languages available on the mobile platform. Changing the language may be a bit tricky for Android users because you will only be able to do it if you change your device’s default language.

  • The design on the mobile app is user-friendly and makes it easy for you to access all the features available to you.
  • As for security, the mobile platform available on the Admiral Markets review we did, does not have a two-step login, which is safer. You cannot use fingerprints or Face ID authentication. This feature would be useful.
  • The search functions on mobile are much better than what you would find on the web trader. They allow you to search by writing the name of the product. You can also find what you are looking for by scrolling through the category folders.

The orders you can place with the mobile app, are the same as those you can place using the web trader. You have the option to set alerts and notifications. However, you will have to do that on the desktop app, which will push them to your phone.

  • The MetaTrader Desktop App

The design of the desktop app is almost the same as that of the web trader in so many ways. The significant difference is that with the desktop app, you can set the price alerts and notifications.

In our Admiral Markets review research, we found that the notifications feature makes it best for a trader to have access to the desktop app. You can have them sent to your phone via email or mobile push notifications.

To set these notifications, you will have to add an email address and then the MetaQuotes ID, which you can find in the Admiral Markets MT4 & MT5 software settings. Then, you can add the notifications by going to the ‘Tools’ section and then clicking on ‘Options.’

Aside from those features, there is nothing on the Desktop app you cannot find on the mobile or web trader platforms.

  • Admiral Markets Supreme Edition

In addition to Admiral Markets, you will get the Supreme editions of both MT4 and MT5. With this access, you will have the opportunity to use the best and most advanced tools to improve how you trade on MetaTrader.

  • Admiral Markets Trading Central

The trading central option will give you access to a fully automated and customizable advanced technical analysis of any market you select. It uses pattern recognition that allows analysis of the markets across many time frames and for multiple instruments.

With this kind of tool, you will be able to identify trade opportunities that come your way.

  • Admiral Markets Global Opinion

Global Opinion is a tool that will give you powerful widget add-ons for the MetaTrader Supreme Edition. With it, you will have an improved trading experience overall. It has market alert tools that are based on news sentiment. With that, you can find new trade ideas, using filters you can customize.

This tool also has Global Opinion linear and Radial gauges. They show you the sentiment towards an asset you choose. The sentiment is displayed as either bearish or bullish. It is important when you are using a contrarian trading strategy.

Admiral Markets Market Research

Admiral Markets review information tells us that they provide useful research tools you can use. They have an ‘Analytics’ area, which is divided into smaller sections. The division makes it easy for users to access what they want by navigating seamlessly.

You can find the tools and content that you are looking for quickly.

In the ‘Analytics’ section of this broker, you will find weekly articles with rich content. The content is very useful for beginners and pros alike. The technical analysis section has three updates every week. The updates have reports on indices, stocks, and forex instruments.

Market Outlook reports are available when you go to the part that says ‘Trader’s Blog’ on the website. You will find a keen focus on the analysis and specialist reports that give information about the forms of market analysis.

There are additional tools for use that include:

  • Market Heat Map– The map tracks daily price movement.
  • Trading Calculator- The calculator lets you know the position size and nominal value, get the margin requirement, and calculate pips.
  • Cryptocurrency Bubble-O-Meter– With this tool, you can compare different cryptos and tokens to know which ones are underpriced or overpriced, with Bitcoin as the baseline.
  • The Economic Calendar- The economic calendar will keep you up to date on the financial announcements, data publication, and news that affects the economies and create price movement.

Admiral Markets research is more than adequate.

Admiral Markets Safety

There is always a question of safety for any trader who wants to sign up with a broker. Admiral Markets is considered safe because of several reasons. Admiral Markets reviews show that it is regulated by ASIC to conduct financial service business in Australia (ABN 63 151 613 839).

ASIC does admiral Markets regulation under the license number (AFSL – 410681). Admiral Markets keeps client funds in segregated client trust accounts at the National Australia Bank.

In the UK, Admiral Markets UK Ltd is regulated and authorized by the Financial Conduct Authority (FCA). The registration number is registration number 595450. In Cyprus, Admiral Markets Cyprus Ltd is regulated and authorized by the Cyprus Securities and Exchange Commission with license number 201/13.

Our Admiral Markets review research shows that they have won many industry awards over the tears. The most recent awards are from 2019. The broker won Best CFD Broker 2019 (DKI’s 2019 CFD Broker Customer Survey)and Best Forex Platform 2019 (ADVFN International Financial Awards).

They have also been recognized for their trading technology, amazing customer service, and user experience quality.

Admiral Markets Education

Admiral Markets gives learners a wealth of material to get forex education. Beginners and advanced traders alike will find the information provided to be very useful. Let’s break down what you can expect to find on the Admiral Markets website.

  • There are webinars conducted regularly. The speakers are usually analysts and traders with a lot of experience. In addition to this, there is a weekly Traders Talkshow that features industry experts.
  • Video material is available on the Admiral Markets YouTube channel where users can access Market Outlook and analysis reports. Some tutorials cover many topics like how to open your account and how to use the trading software, among other skills.
  • The online learning center provides learners with hundreds of articles. The articles have information about the basics of trading, how to use the software and indicators, among other useful topics.

The ‘Articles and Tutorials’ sections of Admiral Markets have further divisions into 13 categories. It is easy to browse through and see what is provided.

Admiral Markets Customer Service

Any trader can easily access all the contact information they want on the homepage of Admiral Markets’ website. In our Admiral Markets review, we found that they have the following methods you can use, to contact the customer support personnel:

admiral markets,admiral markets review

  • Live Chat
  • Online Contact Form
  • Telephone
  • Email
  • Request for Remote Support

In addition to all these options, you will also find direct links to the social media pages run by Admiral Markets.

To start, Live Chat is the most accessible way to reach Admiral Markets customer support. To access it, you will need to input your name, email address, and the question you have. With this information, Admiral Markets can provide you with customized support specific to your issue.

Visitors to the website can speak to a representative in a language if their choice by selecting the options available.

The Live Chat function can be accessed on weekdays from 08.00 to 19.00 GMT +2. When you inquire using this method, you will be greeted in less than a minute with a personalized message. The representative is polite and provides relevant answers.

The ‘Contact Us’ page will give you the rest of the options you need when trying to communicate with Admiral Markets. It will provide you with the other options that are not Live Chat.

Here are the channels you can use to contact Admiral Markets or get information regarding questions you may have:

In Conclusion

Admiral Markets is a proven broker with great deals and a way to provide simplicity and transparency. All traders, both beginners and advanced traders can get an account that suits their needs when trading with Admiral Markets.

Traders can have commission-free trading on many assets and commission-based trading on the ECN trading accounts. There are low commissions on Stock CFDs and the MT4 and MT5 platforms.

In addition to the available platforms, you will also have access to the more advanced MetaTrader Supreme Edition, if you need it. With it, you can access the more advanced indicators and other features available on there.

To sum up, this broker is one of the best in the business and for a good reason. You will have to sign up to find out what they can offer you and what is specific to the need you have.