Admirals review
Broker Admirals
The company was founded in Estonia in 2001 under the name Admiral Markets Group. Today Admiral Markets UK Ltd is regulated in the UK by the Financial Conduct Authority (FCA), i.e. by the international Incoterms clause. This means that it operates in full compliance with the legislation there.
Admirals is subject to regulation on an international scale under the MiFI (Markets in Financial Instruments Directive) governing investment services in all member states of the European Economic Area. Since inception, broker has expanded its operations globally and continues to expand to date.
Trading is available in forex and **stocks, indices, commodities and bonds, always CFDs, i.e. contract for difference financial derivatives. Which means that they profit from the development of a price that is speculated to fall or rise.
The disadvantage is definitely that you have to do without the bonus most of the time. There is no entry bonus that you get automatically. VIP bonuses that are individual and depend on how you manage to negotiate them eventually. You wouldn't even find the guaranteed stop loss that you may know from some other brokers.
- The advantage of Admirals is definitely the low minimum deposit and the MetaTrader4, MetaTrader5 trading platforms.
Risk warning CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
| Basic information | |
|---|---|
| Regulations |
|
| Number of instruments CFD | 5 |
| Broker type | MM |
| Customer support |
|
| Deposit from | 100 EUR/USD |
| Spreads | 0.8 EUR/USD * Spread is dated 02.01.2024 12:00, spread amount is subject to change. |
| Real Stocks and ETFs | |
| Platforms |
|
| Instruments CFD | Commodities, Forex, ETF, Cryptocurrency traded as CFD, Indicies |
| Established | 2001 |
| Location | 60 St. Martins Lane, Covent Garden, London, United Kingdom, WC2N 4JS. |
| Phone | +44 20 35 140 756 |
| support@admiralmarkets.com | |
| Country | Cyprus, UK, Australia |
Broker Admirals
The company was founded in Estonia in 2001 under the name Admiral Markets Group. Today Admiral Markets UK Ltd is regulated in the UK by the Financial Conduct Authority (FCA), i.e. by the international Incoterms clause. This means that it operates in full compliance with the legislation there.
Admirals is subject to regulation on an international scale under the MiFI (Markets in Financial Instruments Directive) governing investment services in all member states of the European Economic Area. Since inception, broker has expanded its operations globally and continues to expand to date.
Trading is available in forex and **stocks, indices, commodities and bonds, always CFDs, i.e. contract for difference financial derivatives. Which means that they profit from the development of a price that is speculated to fall or rise.
The disadvantage is definitely that you have to do without the bonus most of the time. There is no entry bonus that you get automatically. VIP bonuses that are individual and depend on how you manage to negotiate them eventually. You wouldn't even find the guaranteed stop loss that you may know from some other brokers.
- The advantage of Admirals is definitely the low minimum deposit and the MetaTrader4, MetaTrader5 trading platforms.
| Basic information | |
|---|---|
| Regulations |
|
| Number of instruments CFD | 5 |
| Broker type | MM |
| Customer support |
|
| Deposit from | 100 EUR/USD |
| Spreads | 0.8 EUR/USD * Spread is dated 02.01.2024 12:00, spread amount is subject to change. |
| Real Stocks and ETFs | |
| Platforms |
|
| Instruments CFD | Commodities, Forex, ETF, Cryptocurrency traded as CFD, Indicies |
| Established | 2001 |
| Location | 60 St. Martins Lane, Covent Garden, London, United Kingdom, WC2N 4JS. |
| Phone | +44 20 35 140 756 |
| support@admiralmarkets.com | |
| Country | Cyprus, UK, Australia |
Pros
Offers real stocks and range of instruments and asset classes
Regulated broker - Licenses from many different authorities
MetaTrader 4 and MetaTrader 5
More than 1,200 markets on offer
High-quality learning and research videos
Cons
Licences and regulation
Broker Admirals enjoys a strong reputation for its trustworthiness, primarily because it has garnered multiple high-level regulatory approvals, including...
- Admiral Markets AS - EFSA (Estonia) registration no. 4.1-1/46.
- Admiral Markets Cyprus Ltd - CySEC (Cyprus) registration no. 201/13.
- Admiral Markets Pty Ltd - ASIC (Australia) registration ABN 63 151 613 839 AFSL no. 410681.
- Admiral Markets Canada Ltd. - IIROC (Canada).
- Admiral Markets AS Ltd - JSC (Jordan) registration no. 57026.
- Admirals SA (Pty) Ltd - FSCA (South Africa) registration no. 2019/620981/07.
- Admiral Markets UK - FCA (UK) registration no. 595450.
Trading Platforms
Trading can be done via a trio of platforms: the MetaTrader 4 platform, plus the MT4 Supreme Edition plugin. This has to be installed, but will provide, for example, an improved tick chart and a number of other innovations, such as a correlation matrix between instruments.
It also gives you free access to the otherwise paid-for AutoChartist software, which allows automatic identification of patterns in the chart and therefore perfect monitoring of all trading opportunities. All these tools make trading much easier. For a limited time you will be able to use it with a demo account, but after thirty days access to it ends and you need to switch to a real account if you want to continue using it.
And the latest version of the platform is the MetaTrader 5 variant, but for that you also need to have an Admiral.MT5 account.
The earlier noticeable drawback of having to own an app that you have to download first has been removed by another platform: the MetaTrader 4 WebTrader allows you to trade from anywhere without having to install anything.
In addition, you can trade on your mobile phone, with an iPhone or Android app available.
Besides AutoChartist, other analytical tools: fundamental and technical analysis, forex calendar, Market Heat Map and market sentiment.
Account types at Admirals
First and foremost, there is a demo account for newbies, beginners and anyone who needs to try out the platform first. It will only require a simple registration via the website, otherwise it is free and applications are processed even outside of business days. You will receive the necessary details to enable you to open an account by email. This will otherwise behave exactly the same as a real one, you will be given a capital of ten thousand dollars, only virtual of course.
The risks of trading with real money are therefore naturally eliminated on the demo. It is not limited in time in any way. Also useful for those less experienced is another tool.
Because trading does not have to be done is the classic way, instead of manually entering orders, PAMM accounts can also be used. These are so called managed, which means that, with his consent of course, you connect to the account of a successful trader (there can be several of them at once) and basically copy someone else's strategy, then the same trading orders will be executed on your account as on his. The other party will get a percentage of the profit share from this process.
Admiral.Prime and Admiral.MT5
Probably the most popular for real trading is the Admiral.Markets prime, as it is fee-free. The other options are the already fee-based Admiral.Prime and Admiral.MT5, these differ from each other mainly by which trading instruments are available in them and also by other parameters (leverage, which can be up to 1:30, spread starting at 0.8 pip, but you can also get to zero). Fees at Admiral.Prime are three dollars per traded lot, at Admiral.MT5 they are 0.003% of the volume of each transaction.
Deposits and withdrawals with Admirals
You can open an account in most national currencies. The minimum deposit is 200 USD/EUR and can be made by wire transfer, which is the slowest way. The other option is to pay by card, but there is a fee. And online wallets (Skrill) are also available. For security reasons, of course, the company has deposits insured, up to €20,000.
The minimum deposit amount varies depending on the type of account you want to open. Subsequent withdrawals are equally hassle-free.
Customer Support
Weekday technical support is available online or by phone and operates during European business hours. All help is also extended to users with a section of educational articles and videos, or regular webinars, which are of course also localised to your language and go quite in-depth. Real professionals will share their experience with you.