Admirals review
About the broker
Admirals, originally known as Admiral Markets, is a renowned broker established in 2001. This broker is operated by Admirals Group AS, headquartered in Tallinn, Estonia. Admirals has over 20,000 clients and offers more than 8,000 assets for trading. The broker acts as a Market Maker (MM).
Admirals allows trading in physical stocks, ETFs, forex, CFDs, cryptocurrencies, commodities, and bonds. The broker offers three main types of accounts: Trade, Zero, and Invest, with a minimum deposit of 100 USD for Trade and Zero accounts and only 1 USD for the Invest account. Available platforms include MetaTrader 4, MetaTrader 5, and Web Trader, catering to both beginners and advanced traders.
Trading Account at Admirals
Admirals has a friendly fee structure. Account opening and maintenance are free, as are deposits via bank transfer and payment cards. The first withdrawal each month is free; subsequent withdrawals incur a fee. The currency conversion fee is 0.3%. The broker charges an inactivity fee of 10 EUR per month after two years of inactivity.
Supported payment methods include bank transfers, payment cards, and Skrill. Admirals offers accounts in five different currencies (including USD and EUR), a demo account for new traders, and a minimum deposit for CFD trading of 50 USD. The minimum order size is 1 EUR / 1 USD for real stocks and ETFs and 0.01 lots for CFD contracts.
The platform is available in many languages and offers special features such as fractional stock purchases, real stock and ETF trading without fees, an asset management platform, the Admirals Wallet mobile wallet, and the Admirals Card payment card.
Admirals offers three types of trading accounts. Two are for CFD trading (Trade and Zero) and one is for real securities trading (Invest).
- Trade Account: Allows CFD trading on currencies (forex), commodities, stocks, ETFs, futures, bonds, and indices with a minimum deposit of 100 USD, 100 EUR. Fees are based on spreads from 0.5 pips with commissions only on stocks and ETFs.
- Zero Account: Focuses on CFD currencies, commodities, and indices with a minimum deposit of 100 USD, 100 EUR, or 1,000 CZK. Fees include spreads from 0 pips and a commission fee.
- Invest Account: This account is for trading real stocks and ETFs with a minimum deposit of 1 EUR or 1 USD. Fees include spreads from 0 pips and a commission fee.
Stocks and ETFs at Admirals
Admirals offers investors access to over 4,000 stocks from 18 global exchanges, including American exchanges NASDAQ, NYSE, German Xetra, European Euronext, and British LSE.
Stocks and ETFs are held electronically with the broker, and any dividends are automatically credited to your investment account after taxation. Dividends from US stocks are taxed at a standard rate of 15% without the need to fill out a W-8BEN form, as confirmed by Admirals' customer support. The downside is that purchased stocks and ETFs cannot be transferred to another broker.
In addition to stocks, Admirals also offers more than 200 ETFs from European exchanges, allowing you to invest in stock indices such as DAX, S&P 500, and Nasdaq 100, or commodities like gold and silver.
Reviews and User Ratings
Broker Admirals has received various ratings on several platforms. On Trustpilot, with 1118 reviews, it scores an excellent 4.6 out of 5, indicating high customer satisfaction. On Google, with 10 reviews, it has an average score of 3.4 out of 5, and on Facebook, with 20 reviews, it scores 3.8 out of 5. Overall, this shows predominantly positive user experiences, though there is room for improvement in some areas.
Is Admirals a Safe Broker or a Scam?
Admirals (formerly known as Admiral Markets) is a safe broker that has been operating for more than 15 years. It is regulated by reputable authorities such as the FCA in the UK, ASIC in Australia, and CySEC in Cyprus. The company segregates client funds from its own, which are also insured up to 20,000 EUR. Feedback from clients is mostly positive. Based on these factors, we can say that Admirals is a trustworthy company and not a scam.
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 CFD asset classes | 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 |
About the broker
Admirals, originally known as Admiral Markets, is a renowned broker established in 2001. This broker is operated by Admirals Group AS, headquartered in Tallinn, Estonia. Admirals has over 20,000 clients and offers more than 8,000 assets for trading. The broker acts as a Market Maker (MM).
Admirals allows trading in physical stocks, ETFs, forex, CFDs, cryptocurrencies, commodities, and bonds. The broker offers three main types of accounts: Trade, Zero, and Invest, with a minimum deposit of 100 USD for Trade and Zero accounts and only 1 USD for the Invest account. Available platforms include MetaTrader 4, MetaTrader 5, and Web Trader, catering to both beginners and advanced traders.
Trading Account at Admirals
Admirals has a friendly fee structure. Account opening and maintenance are free, as are deposits via bank transfer and payment cards. The first withdrawal each month is free; subsequent withdrawals incur a fee. The currency conversion fee is 0.3%. The broker charges an inactivity fee of 10 EUR per month after two years of inactivity.
Supported payment methods include bank transfers, payment cards, and Skrill. Admirals offers accounts in five different currencies (including USD and EUR), a demo account for new traders, and a minimum deposit for CFD trading of 50 USD. The minimum order size is 1 EUR / 1 USD for real stocks and ETFs and 0.01 lots for CFD contracts.
The platform is available in many languages and offers special features such as fractional stock purchases, real stock and ETF trading without fees, an asset management platform, the Admirals Wallet mobile wallet, and the Admirals Card payment card.
Admirals offers three types of trading accounts. Two are for CFD trading (Trade and Zero) and one is for real securities trading (Invest).
- Trade Account: Allows CFD trading on currencies (forex), commodities, stocks, ETFs, futures, bonds, and indices with a minimum deposit of 100 USD, 100 EUR. Fees are based on spreads from 0.5 pips with commissions only on stocks and ETFs.
- Zero Account: Focuses on CFD currencies, commodities, and indices with a minimum deposit of 100 USD, 100 EUR, or 1,000 CZK. Fees include spreads from 0 pips and a commission fee.
- Invest Account: This account is for trading real stocks and ETFs with a minimum deposit of 1 EUR or 1 USD. Fees include spreads from 0 pips and a commission fee.
Stocks and ETFs at Admirals
Admirals offers investors access to over 4,000 stocks from 18 global exchanges, including American exchanges NASDAQ, NYSE, German Xetra, European Euronext, and British LSE.
Stocks and ETFs are held electronically with the broker, and any dividends are automatically credited to your investment account after taxation. Dividends from US stocks are taxed at a standard rate of 15% without the need to fill out a W-8BEN form, as confirmed by Admirals' customer support. The downside is that purchased stocks and ETFs cannot be transferred to another broker.
In addition to stocks, Admirals also offers more than 200 ETFs from European exchanges, allowing you to invest in stock indices such as DAX, S&P 500, and Nasdaq 100, or commodities like gold and silver.
Reviews and User Ratings
Broker Admirals has received various ratings on several platforms. On Trustpilot, with 1118 reviews, it scores an excellent 4.6 out of 5, indicating high customer satisfaction. On Google, with 10 reviews, it has an average score of 3.4 out of 5, and on Facebook, with 20 reviews, it scores 3.8 out of 5. Overall, this shows predominantly positive user experiences, though there is room for improvement in some areas.
Is Admirals a Safe Broker or a Scam?
Admirals (formerly known as Admiral Markets) is a safe broker that has been operating for more than 15 years. It is regulated by reputable authorities such as the FCA in the UK, ASIC in Australia, and CySEC in Cyprus. The company segregates client funds from its own, which are also insured up to 20,000 EUR. Feedback from clients is mostly positive. Based on these factors, we can say that Admirals is a trustworthy company and not a scam.
| Basic information | |
|---|---|
| Regulations |
|
| Number of CFD asset classes | 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
- Fees for real stocks
- Test demo account is only available for 30 days
- Currency conversion fees
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.