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A Comprehensive Review of Admiral Markets

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Free Demo Available: Yes
Minimum Deposit: $25
Regulations: ASIC, CySEC, FCA, FSA
Payment Methods:
Features: Competitive trading commissions , Premium VPS service with ultra-fast speed, Customer support available in 25 languages

Admiral Markets Review

Admiral Markets is a forex trading broker that is widely known and recognised for its safe and secure trading platform. Legacy and reputation is a sign of a safe and successful broker, and Admiral Markets has lots of both. 

Originally established in 2001 and growing ever since, Admiral offers 1000’s of CFDs across forex, commodities, indices, stocks, ETFs, bonds, and it also offers direct access to several stock exchanges.

This access is furnished via a custom made supreme edition MetaTrader 4 and 5 platform, which maintains tight spreads and low commissions. The broker appeals to both pros and amateurs alike with plenty of market indicators and educational material to get one started. 

Admiral Markets – History and Present Position

Admiral was founded as Admiral Markets in 2001 in Estonia, starting out life as a Forex and CFD broker before transitioning to encompass a wide array of asset classes, including agriculture, metal & energy CFDs, cash and index futures, as well as stocks, bonds, and ETFs.

It has since expanded across the globe with a presence in over 130 countries and has even begun offering CFDs on digital currencies. 

Admiral is known for its vast selection of asset classes, customizable MetaTrader platforms, along with a welcome array of advanced features like premium analytics, market sentiment tools, and educational material in the form of webinars, ebooks, articles, and tutorials.

What Are the Regulatory Frameworks for Admiral Markets?

Admiral Markets has established operating companies across the globe that are overseen by their respective local regulatory bodies. The parent company itself is regulated by the Estonian Financial Supervision Authority for investment and brokerage activities in the European Union and European Economic Area on a cross border basis (EFSA License No. 4.1-1/46).

Its subsidiaries are regulated in the respective regions they are based in. For example:

  • Admiral Markets UK is regulated by the UK Financial Conduct Authority (FRN: 595450)

  • Admiral Markets AS Jordan by the Jordan Securities Commission (Registration Number 57026)

  • Admiral Markets Cyprus by the Cyprus Securities & Exchange Commission (License Number 201/13)

  • Admiral Markets Pty is regulated by the Australian Financial Services License (ABN 63 151 613 839)

The broker adheres to standard safety best practices, including segregation of accounts, strict client money controls, and process audits under Financial Services Compensation Scheme (FSCS) and Deposit Guarantee Schemes (DGS). 

This when combined with its regulatory coverage, puts it in the top bracket of the safest brokers in the industry.

What Are the Fees Charged by Admiral Markets?

The broker makes most of its money from spreads across various asset classes. For zero account types, it offers zero spreads on certain asset classes while charging commission on others, which varies based on the asset class, trading volume, and account type in question. 

Spreads for a few of the most popular asset classes are as follows:

  • Forex major pairs: 0.6-1 pip
  • Commodities: 5-25 pips
  • Indices: 0.5-2 pips
  • Stocks: 4-70 pips
  • ETFs: 1-5 pips
  • Bonds: 3-6 pips


The spreads are reasonable and better than most of their competition in the industry with the exception of forex pairs, which are on the higher side. 

Overall, the spreads charged are reasonable when compared to the benefits and features, not to mention that with a zero account, the commissions are even lower than the spread cost.

What Payment Methods Does Admiral Markets Offer?


Admiral Markets offers a decent range of deposit methods but it is rather limited in its selection of withdrawal methods. 

That being said, it allows one free withdrawal a month after which it charges a withdrawal fee. Admiral accepts payments via credit/debit cards, bank transfer, PayPal, and niche payment modes like Skrill and Neteller. 

Here are the payment methods and deposit/withdrawal fees:

Bank transfer

  • Deposit: free
  • Withdrawal: 10 EUR/10 USD/15 AUD/20 BGN withdrawals


Klarna

  • Deposit: free
  • Withdrawal: not available


Visa/Mastercard

  • Deposit: free
  • Withdrawal: not available


PayPal

  • Deposit: free
  • Withdrawal: 1% of transaction amount


Skrill

  • Deposit: 0.9% of transaction amount
  • Withdrawal: 1% of transaction amount


Neteller

  • Deposit: 0.9% of transaction amount
  • Withdrawal: 1% of transaction amount


Safety Pay

  • Deposit: free
  • Withdrawal: not available


Przelewy

  • Deposit: free
  • Withdrawal: not available


iDEAL

  • Deposit: free
  • Withdrawal: not available


iBank & BankLink

  • Deposit: free
  • Withdrawal: 0.5% of withdrawal amount


What Trading Accounts are Offered by Admiral Markets?


Admiral Markets offers trading accounts based on which MetaTrader platform you opt to use. 

If MetaTrader 4 is selected, it offers Trade and Zero accounts whereas with MetaTrader 5 it offers Trade, Invest, and Zero accounts. Prima Facie, trade accounts have no commission and the broker makes money from spreads, thus putting spreads on the relatively high side as compared to zero accounts. 

Additionally, Admiral Markets also offers an Islamic Forex Account. Further details on each of these account types can be found below.

Trade Account

Admiral Markets offers a Trade account within both MetaTrader 4 and MetaTrader 5 with the only distinction being the number of asset classes on offer, Islamic account option, and market depth details. 

This account type accepts a wide variety of currencies with minimum deposits starting at only 100 USD or equivalent, 1000’s of asset classes, relatively low spreads starting from 0.5 pips, and even includes a Negative Balance Protection feature.

Zero Account

Similarly to the Trade account, Admiral Markets offers its Zero account on both the MetaTrader 4 and MetaTrader 5 platforms. 

The account type has all the features of a Trade account with the exception that spreads start from 0. Admiral instead charges a fixed commission which varies according to asset classes. The broker also imposes a restriction on the number of asset classes that can be traded with this account type, limiting the selection to around 60 instruments only.

Invest Account

This account type is a MetaTrader 5 exclusive and it allows investors access to stock exchanges around the world as well as the ability to invest directly in equities instead of CFDs. 

The minimum deposit starts from only 1 EUR and all major currencies are accepted. The drawback is that once again asset classes are restricted, this time to stocks and ETFs only and features like Negative Balance Protection policy are absent with an Invest account. 

Islamic Forex Account

Admiral Markets offers a special type of trading account for MetaTrader 5 traders of Islamic Faith, allowing for trading without swaps (i.e. debit or credit interest fees). Instead, users are charged a flat administration fee for overnight trades. All other features remain the same as a normal Trade Account.

Alternative Forex Brokers

How is the Customer Support Offered by Admiral Markets?

Admiral offers support via a wide variety of channels, with the most prominent being email, WhatsApp, and the contact us page of its website. The broker also offers customer support numbers as well as the address of its office in the UK.

Additionally, it has a dedicated help center on its website which will be useful in the resolution of most queries. Admiral Markets has a rating of 4.5 stars on Trustpilot based on 930 user reviews.

What Are Admiral Markets’ Unique Features and Trading Platforms?

Admiral Markets offers two of the most advanced platforms in forex trading: MetaTrader 4 and 5. The icing on the cake is that it offers a custom variant of the MetaTrader 4 and 5 known as the Supreme Edition, each offering more unlocked features and packages than a traditional variant.

MetaTrader 5 remains far advanced and is more suitable for experienced professionals whereas MetaTrader 4 will be easily accessible to novices and beginners along with a wide variety of tutorials available on the net. 

For those that cannot dedicate themselves to a workstation or would like to trade on the move, Admiral Markets offers a web based trading platform and a mobile app, each with detailed elements and features that allow virtually the same access that its MetaTrader platforms do. 

Its app was developed in house by its own team of developers and offers a version for both Android and iPhone users.

Conclusion: Is Admiral Markets Safe?

One of the strongest markers of broker safety is operating history. In this respect, Admiral Markets has served forex and CFD traders for over 2 decades now and has grown and expanded over this time to become one of the safest brokers in the industry today.

It is regulated in multiple jurisdictions, has established processes in place for client money control, including segregation of funds, and it is also a member of the Financial Services Compensation Scheme and Deposit Guarantee Schemes, offering investors another layer of protection.

Admirals’ website is beginner-friendly, with a whole section dedicated to educational material containing tons of ebooks, webinars, articles, and tutorials which help guide a novice at the onset of their trading journey. Setting up an account is also easy, with one straightforward form to fill out and additional resources in the form of a help center and customer support are also there if you need them.

In short, Admiral Markets is a safe, secure, and sound trading solution, which we wouldn’t hesitate to recommend to professionals and novices alike. Start now by clicking on the button below:

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