Admiral Markets Review

Admirals (Admiral Markets) – Global Forex and CFD broker. Founded in 2001.

Admirals – the new name of the platform. The platform is considered safe as it is regulated by two highest financial authorities.

In addition, Admirals Group is listed on the stock exchange and its financial statements are clear and regularly published.

Regulation:

FCA – UK Financial Conduct Authority (the highest financial authority) 

ASIC – Australian Securities and Investments Commission (the highest financial authority)

CySEC – Cyprus Securities and Exchange Commission

EFSA – Estonian Financial Supervision Authority

JSC – Jordan Securities Commission

 

The overall assessment of the Admirals platform is above average.

Key points of Admiral Markets Review:

Countries of regulation	UK, Australia,Cyprus,Jordan,Estonia
Inaction fee	Yes
Withdrawal fee	No
Minimum deposit	$100
Bank card deposit	Available
E-wallet top-up	Available
Time to open an account	1day
Base currencies supported	11
Demo account	Available
Markets & Products	Stock,CFD, Forex, Crypto, ETF

 

Disclaimer: Due to the leverage, CFDs contain a significant risk of rapidly losing money. Trading CFDs with this provider results in losses for 81.40% of regular investors’ accounts. You should consider whether you are familiar with how CFDs work and whether you can afford the risk of losing your money.

 

The main advantages and disadvantages of the Admirals web platform

 

Advantages:

• Low forex fees
• The account opening is convenient and easy, the minimum deposit is low   
• Deposit and withdrawal are free and quite fast 
• Available in 37 languages
• It is possible to connect an extension StereoTrader or Supreme Edition, which extends the choice of research instruments
• Copy Trader is available
• Protection against negative balance

 

Disadvantages:

• Charge for inactivity
• Few trading products 
• Customer support only during business hours.
• Some varieties of e-wallets are not available to all clients
• No price alerts
• No banking license

 

Fees

Trading fees

• Trading fees for CFDs are usually low
• Forex fees are average

 

Non-trading fees 

Non-trading fees are average, no commission is charged for an account as well as for deposits or withdrawals from a bank card or e-wallet.

 

There is a fee for inactivity, however it is not high – 10 euros monthly, and in case of a positive balance on the account.

Opening an account

Simple and convenient process, with low minimum deposit of $100. 

On average it takes 30 minutes to fill out an account opening form and 1 day to confirm your account.

 

Account Types.

There is a distinction between account types:

1.By trading platform:

• MetaTrader 4
• MetaTrader 5

2.By commission structure:

• Trading account : commissions are low or non-existent and spreads are usually higher. 
• Investment account: only ETFs or equities can be traded on this account and only on the Metatrader 5 platform.
• Zero-trade account: commissions are up to $3 per lot, and spreads are generally lower.

 

Withdrawals and deposits

Deposits and withdrawals are commission free. You can use bank wire transfer, cards, e-wallets for deposit and withdrawal. All methods are available, except for e-wallet: not all clients can use some e-wallet varieties. More e-wallets are available to clients who are serviced by Admiral Markets PTY Ltd and Admiral Markets UK Ltd.

All available e-wallets: Skrill, PayPal, Klarna, AstroPay, Neteller, NganLuong, SafetyPay, Trustly, Rapid Transfer.

 

Account currencies

There are eleven major account currencies available to the client: EUR, GBP, USD, CHF, BGN, CZK, HRK, HUF, PLN, RON, SEK.

The number of major currencies on the platform does matter, as there is no conversion fee if you fund your account in the same currency as your bank account.

• A practical way to save money on currency conversions is to open a multi-currency bank account with a digital bank. It does not take long to open such an account, and international transfers are usually inexpensive or free.

Bank transfers take a few days and card payments are instant.

Only funds from accounts opened in your name can be transferred to the account.

 

Mobile trading platform

Advantages:

• ease of use  
• two-step login, biometric authentication possible                         
• well-designed search functions
• available order types:

• – Market
• – Stop
• – Limit

 

time limits can be applied:

• Good ’til canceled (GTC)
• Good till day (GTD)
• Good ’til time (GTT)

Disadvantages:

• no price alerts
• Not all accounts are supported 

App is only available on MT5 platform

 

A desktop trading platform

Advantages: 

• Easy to set up workspace and charts
• Accurate payments reporting 
• Accurate commission and portfolio reports are available online
• StereoTrader or Supreme Edition extensions can be connected to widen the choice of research instruments.
• Price alerts can be set up: email, mobile push notifications. 
• Copy Trader function can be set up

 

Disadvantages:

• There is no safer two-step login.
• The design of the MetaTrader platform is somewhat outdated
• The asset search function by category is handy, but there is no option to enter the asset name manually.

Order types are available:

• – Market
• – Stop loss
• – Limit

Time limits can be applied:

• Good ’til canceled (GTC)
• Good ’til time (GTT)

 

Trading products

Forex and almost all types of CFD products, except CFD on futures.

Selection of CFD products: 47 currency pairs; CFDs on stock indices-43, stocks-3,252, bonds-2, ETFs-372, commodities-28 and cryptocurrencies-42.

• For clients with an Invest.MT5 account, a small set of real shares and ETFs are available: ETFs- 192, Stock Markets- 11.

Caution should be exercised when trading forex and CFDs as large leverage is initially provided.

(!) However, this broker has the great advantage that the leverage can be changed independently, thereby reducing risk.

 

Tools for analysis

The web platform has moderate charts and other market analysis tools that are easy to use. About 90 technical indicators are available to help with the analysis

The charting on the platform is simple and straightforward.

On site analytics menu is available

Up to date, very high quality news feed is always available. There is an opportunity to review trading ideas on the site.

The forex calendar allows you to explore some of the underlying data.

Several interesting analysis tools are available, such as the Market Heat Map, Trading Central, etc.

The volatility protection feature is a nice bonus for investors. This is mainly achieved by limiting the maximum price slippage for market and stop orders, as well as limiting losses on pending orders that can hit price gaps.

 

Customer service

Customer service is excellent, with answers given quickly and in full. They are available via phone, live chat and email.

Unfortunately there is no 24 hour support.

 

Education

The training on the platform is varied and of high quality.

You can learn by using demo accounts, videos, webinars, qualitative educational articles for investors of different experience levels, and also the platform offers a weekly trading podcast on the newest market trends, which only Admirals has.

We also offer the Forex 101 course, with test tasks for testing, which is suitable for different investor backgrounds.

 

Conclusion

Admirals is a high-quality, secure broker, which is regulated by the two main financial bodies: FCA in the UK and ASIC in Australia.

The definite advantages of Admirals are trading CFDs and Forex. Opening an account, depositing and withdrawing money on the platform is easy. The excellent educational tools, some of them unique, complete the positive aspects of the platform.

Some of the drawbacks of the platform are the fact that the selection of trading instruments is not too large, and that the real shares and ETFs are not available for some account types.

Also, some e-wallets are not available to all users, and fees for inactivity, though small, are still charged.

Get started with the platform, taking advantage of the ease of opening an account and withdrawing funds. Try trading on the demo account first, and remember, you can take advantage of the easy leverage option, as well as the negative balance protection. Learn from the many tools on the platform and reap the benefits of your labor.