Admiral Markets Review

Review

Admiral Markets is a well-regulated Forex and CFD brokerage that has been in operation since 2001. It’s corporate owner, Admiral Markets Group AS, is based in Estonia and consists of multiple operating subsidiaries. Admiral Markets primarily caters to retail traders, and it does provide research and education for new clients. This broker offers its clients an excellent upgrade to the basic MT4 and MT5 trading platforms, with over 4,000 assets available which allow traders to conduct proper cross-asset diversification. Spreads are listed as low as 0.1 pips in the Zero MT4 account. The latest statistics show that approximately 82% of Admiral's clients operate at a loss. Since its inception, Admiral Markets has steadily added to its services and assets. It continues to expand globally, quietly executing its business plan while increasing market share.

Admiral Markets Website Landing Page

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Regulation and Security

Admiral Markets AS, the corporate owner of all three Admiral Markets brokerages, is regulated in Estonia by the Estonian Financial Supervision Authority (EFSA) for principal investment and brokerage activities within the European Union and the European Economic Area (EEA). The company has a physical presence in sixteen countries and has clients from 110 countries. Admiral Markets UK LTD is regulated by the Financial Conduct Authority (FCA), while Admiral Markets Cyprus LTD operates under the Cyprus Securities and Exchange Commission (CySEC) framework. Admiral Markets Pty LTD holds an Australian Financial Services Licence (AFSL).

Each operating subsidiary is subject to a distinct set of rules, which directly impacts the services provided to traders. The UK subsidiary is a sister company of the Estonian registered firm. Client funds are handled according to Client Assets Sourcebook (CASS) rules, while the Financial Services Compensation Scheme (FSCS) protects deposits up to a maximum of £85,000. All traders who register under the CySEC regulated brokerage are subject to EU regulations. They include the Financial Instruments Directive 2014/65/EU or MiFID II, as well as the EU’s 5th Anti-Money Laundering Directive. Deposits are protected by the Investor Compensation Fund (CIF), per EU Directive 2014/49/EU, which protects deposits up to €20,000.

Since its inception, Admiral Markets has earned a solid reputation as a trustworthy, transparent brokerage. Full compliance will all regulators, segregated client funds, and negative balance protection creates a secure environment for traders to manage portfolios. Admiral Markets AS publishes financial reports on its website.

The Estonian Financial Supervision Authority (EFSA) is the primary regulator for Admiral Markets AS.

Admiral Markets EFSA Primary regulator

An extensive group structure is present with three additional regulators ensuring a safe trading environment.

Markets additional regulators

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Fees

A combination of spreads and commissions accounts for the majority of revenues earned by Admiral Markets. Two distinct account types implement a different pricing structure. One is a commission-free account with higher spreads for currency pairs, the other consists of a significantly lower spread for a fee. Equity CFDs and ETFs carry a commission. Given the number of assets, which cover a wide range of markets, each group is uniquely priced. Admiral Markets is fully transparent about all fees and provides examples on its website. Traders may obtain all relevant information directly from inside the trading platforms.

 Commission charges depend on monthly trading volume within a trader's account. Traders are advised to thoroughly examine each trading account to select the proper one for their circumstances. The overall pricing environment remains competitive, especially once volume discounts have been applied. Swap rates on leveraged overnight positions apply. Equity and index CFDs are subject to corporate actions, e.g., dividends and mergers. After 24 months of inactivity, a positive account balance will incur a monthly fee of €10. Admiral Markets does levy a 1% currency conversion charge. Third-party deposit and withdrawal fees may apply.

 Traders will receive spreads as low as 0.1 pips in the MT4/MT5 Zero Accounts, but a commission will apply.

Admiral Markets technical analysis

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What Can I Trade

Depending on the operating subsidiary, over 7,500 assets are made available to Admiral Markets' clients. Exposure to the Forex market with 49 currency pairs is acceptable, but far from outstanding. With 27 commodity CFDs and 32 cryptocurrency pairs, excellent diversification opportunities are present. The 3,398 equity CFDs and 43 indices, complemented by 396 ETFs, deliver proper cross-asset diversification. An attempt to add another asset class to the broad selection is evident with two bond CFDs.

Admiral Markets provides traders with solid cross-asset diversification potential.

Admiral Markets available assets

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Account Types

Two distinct account types are available at Admiral Markets. The Trade MT4/MT5 account represents a commission-free Forex account, where the advertised spread is 0.5 pips. Commissions on equity CFDs applies across the board. The Zero MT4/MT5 account carries a fee, but spreads are reduced to 0.1 pips and marketed as low as 0.0 pips. A volume discount is available, which significantly reduces trading costs for high-frequency traders. A swap-free Islamic account is available upon request, and qualified traders may ask for an upgrade to a professional account, labeled Admiral Markets Pro.

Traders have a choice between two different pricing structures.

Admiral Markets account types

Eligible traders may ask for an upgrade to professional account status.

Admiral Markets professional account terms

An Islamic account is also available.

Admiral Markets Islamic account info

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Trading Platforms

The MT4 and MT5 trading platforms, together with the MetaTrader WebTrader, are available. The MT4 and MT5 are the most popular trading platforms and a recognized market-leader in automated trading solutions; unfortunately, the MetaTrader WebTrader is generally considered as a failed successor platform, primarily because it lacks backward compatibility. Moreover, in order to access all of the assets provided by Admiral Markets, a trader will be forced to use the MT5 platform. All classes are impacted, but it is most notable in the equity CFD selection. Mobile versions are available for either platform. This is, undoubtedly, one of the biggest drawbacks of Admiral Markets.

On a positive note, Admiral Markets provides all clients with an excellent free upgrade, the MetaTrader Supreme Edition. It transforms the sub-standard MT4/MT5 basic versions to an outstanding trading portal with advances features that include, for example, widgets under the Global Opinion add-on, or analytics provided by Trading Central. It ensures traders manage their portfolios with a competitive edge.

Traders who rely on automated trading solutions will find fewer assets are provided inside the MT4 trading platform.

Admiral Markets Meta Trader 4

 

The full range of assets is available in the MT5 version which, unfortunately, lacks backward compatibility to MT4. That shortcoming renders the platform useless to traders with an existing set-up who are dependent on the MT4 infrastructure.

Admiral Markets Meta Trader 5

 

Admiral Markets ensures a competitive trading environment for all manual traders with a free upgrade to the MetaTrader Supreme Edition.

Admiral Markets Meta Trader Supreme

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Unique Features

Admiral Markets offers a set of tools labeled Volatility Protection. They enhance the available order types to include predefined maximum slippage, cancellation of pending orders on price gaps, market execution and partial execution of limit orders, and activation of stop orders using reverse quotes. They enhance a traders' ability to manage portfolios during high-volatility events.

Professional clients qualify for an automatic cash-back program based on trading volumes. The basic rate is $1 for $1,000,000 in trading volume, which equals ten standard lots. It is unfortunate that not all traders have access to this program; in its current form, it is out of reach for the majority of clients.

The MetaTrader Supreme Edition, available for free to all accounts (including demo versions), represents the most significant value. It consists of upgrades to the inadequate basic versions of the MT4 and MT5 trading platforms. Besides the Trading Central plugin, the Indicator Package, Connect tool, and Global Opinion add-on, all provide a tremendous value to manual traders.

Through the Volatility Protection set, enhanced order types are available.

Admiral Markets Volatility Protection Settings

 

A cash-back program is available, but regrettably only to professional account holders.

Admiral Markets Cash back program

 

The MetaTrader Supreme Edition represents the most valuable benefit available to traders at Admiral Markets.

Admiral Markets Meta Trader Supreme edition

 

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Research and Education

Admiral Markets publishes in-house analytics, and this is an area where the broker could use some improvement, as the section is not especially well-organized, and is specifically lacking in the technical analysis section. They complement the research capabilities provided via Trading Central (which is embedded in the MetaTrader Supreme Edition). Premium Analytics are also available, powered by Dow Jones, Trading Central, and Acuity; the service is free but requires traders to sign-up. The inclusion of in-house analytics further enhances auxiliary trading services already provided to manual traders. The Trader’s Blog covers fundamental topics in a well-presented format. Other research tools include a Heat Map, Market Sentiment indicators covering in-house positions, the Cryptocurrency Bubble-O-Meter, and an economic calendar.

The infrequency of fundamental analytics could use improvement.

Admiral Markets Fundamental analytics

 

The technical analysis section consists primarily of fundamental analytics, a significant misstep by Admiral Markets.

Admiral Markets technical analysis

 

Trading Central remains at the core of the research provided.

Admiral Markets trading central analysis

 

Premium Analytics is free of charge but requires traders to sign-up.

Admiral Markets premium analytics sign up

 

Traders may access additional fundamental research published on the Trader's Blog.

Admiral Markets traders blog

Through the nine-lesson Forex 101 trading course, new traders are provided with an excellent foundation to enhance their understanding and knowledge base. The initial three lessons are available to all traders but a free demo account is required to unlock the remaining six lessons. Complementing the course are free webinars, which are hosted weekly. Proper risk management was assigned a unique place as part of the more extensive educational content, which is a commendable decision on the part of Admiral Markets' management. Thirteen articles and tutorials, which encompass a wide range of quality, topic-specific content, are also available. A Trader’s Glossary provides a brief explanation of terminology, while a seminar section is available but without scheduled events.

The Forex 101 trading course is a recommended first step for new traders.

Admiral Markets Forex 101 course

 

Admiral Markets hosts free weekly webinars.

Admiral Markets free webinars

 

Risk management was assigned a unique section, stressing the importance of the topic.

Admiral Markets risk management

 

A wide range of topic-specific educational content can be easily accessed.

 

Admiral Markets topic specific educational content

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Customer Support

At any well-executed brokerage, customer support is rarely required. However, when necessary, Admiral Markets' customer support team is easily accessible via e-mail, a webform, phone, or live chat. Remote assistance for technical issues is also available. An extensive FAQ section attempts to answer most questions. Support hours are not noted on the website, but the standard 24/5 support hours are assumed to be in place.

 While standard customer support features are available, the FAQ section answers most questions.

Admiral Markets FAQ

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Bonuses and Promotions

Aside from the cash rebate program which is, regrettably, only available for professional clients, no bonuses or special promotions are offered.

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Opening an Account

Per the industry's standard operating procedure, a simple online application form processes new account applications. The process grants new traders access to the Admiral Markets Trader’s Room. New accounts require verification, as stipulated by regulators, which is accomplished by sending a copy of the trader’s ID and a proof of residency document. After the AML/KYC requirements are satisfied, full account features are made available.

 Admiral Markets' Account Opening Procedure is the Industry Standard

Admiral Markets account types

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Deposits and Withdrawals

Deposit and withdrawal options are, unfortunately, limited to only bank wires, credit/debit cards, and Skrill. Given the ever-growing list of global alternative payment providers, this area represents one at Admiral Markets that is desperately in need of improvement. Skrill carries a fee of 0.9% with a minimum fee of $1/€1. The other options are free of charge, but third-party charges are generally applicable. Two free withdrawals each month are sufficient to eliminate most fees. Processing times range from instant to three business days. While the overall process does follow industry standards, more payment options are desperately needed.

Admiral Markets only supports bank wires, credit/debit cards, and Skrill.

Admiral Markets deposits options

Traders have two free monthly withdrawals at their disposal, which is disappointing and unusual.

Admiral Markets withdrawal procedure

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General Information

Company Information

  • Broker's Name : Admiral Markets
  • Headquarter : United Kingdom
  • Regulation : CySEC, FCA, ASIC, FSCS

Account Information

  • Type of Broker : Market Maker
  • U.S. Clients Allowed :
  • Minimum Deposit : $100
  • Maximum Leverage : 1:30 Retail, 1:500 Professional
  • Commissions / Spreads : Variable spreads, starting at 1 pips
  • Account 1 : Trade.MT4
  • Account 2 : Zero.MT4
  • Account 3 : Trade.MT5
  • Account 4 : Zero.MT5
  • Demo Account :
  • Islamic Account :
  • Segregated Account :
  • Managed Accounts :
  • Institutional Accounts :
  • Deposit Options :
  • Withdrawal Options :

Instruments Traded

  • ETFs :
  • CFDs :
  • Commodities :
  • Metals :
  • Stocks :
  • Oil :
  • Gold :
  • Binary Options :
  • Indices :

Trading Platforms

  • Type of Platform : MetaTrader 4, MetaTrader 5, Other
    • Platform Languages :
      • English
      • Turkish
      • Russian
      • Other
    • OS Compatibility :
      • Mac
      • Windows
      • Mobile
      • Web
      • iPhone
      • iPad
  • Trading Signals :
  • Charting Package :
  • Market Analysis :
  • Chart Trading :
  • Automated Trading :
  • Scalping :
  • Hedging :
  • Mobile Alerts :
  • E-mail Alerts :
  • Trailing Stops :
  • Guaranteed Stop Loss :
  • Guaranteed Limit Orders :
  • Guaranteed Execution :
  • One-click Execution :
  • OCO Orders :
  • Interest on Margin :
  • Web-based Trading :
  • Mobile Trading :

Customer Support

    • Website Languages :
      • English
  • Support Hours : 24/5 (presumed)
  • E-mail Support :
  • SMS Support :
  • Chat :

Pros and Cons

  • Great updates for MT4 and MT5
  • Volatility protection is available
  • Cash back for professional traders only
  • Customer service isn't very responsive

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FAQ

Is Admiral Markets a Good Broker?

In operation since 2001 and regulated in four jurisdictions with over 120,000 traders, this broker has earned a trustworthy reputation. Admiral Markets remains in full compliance with all its regulators, providing a safe and secure trading environment. Some traders complain that account managers are not responsive, which is unfortunate.

 Is Admiral Markets Regulated?

Admiral Markets AS, the corporate owner of all three Admiral Markets brokerages, is regulated in Estonia by the Estonian Financial Supervision Authority (EFSA). Admiral Markets UK LTD is regulated by the Financial Conduct Authority (FCA), while Admiral Markets Cyprus LTD operates under the Cyprus Securities and Exchange Commission (CySEC) framework. Admiral Markets Pty LTD holds an Australian Financial Services Licence (AFSL).

 Is Admiral Markets an ECN broker?

While an ECN execution model is present, the MT4 ECN bridge used to connect to the network is not provided. It suggests that all trading activities follow the market maker model.

 Are my funds insured at Admiral Markets?

Admiral Markets UK LTD is protected by the Financial Services Compensation Scheme (FSCS) which protects deposits up to a maximum of £85,000. Admiral Markets Cyprus LTD protects deposits up to €20,000 via the Investor Compensation Fund (CIF), per EU Directive 2014/49/EU.

 Can I link my trading platform with Admiral Markets?

This broker does not provide an API to allow integration with third-party solutions. Only applications developed on the MT4/MT5 infrastructure can connect to Admiral Markets.

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Summary

Admiral Markets established itself as a reliable retail brokerage. From its humble origin, it grew into a massive operation, with a physical presence in sixteen countries, and now home to over 120,000 traders from 110 countries. This broker ensures its clients manage their portfolios in a competitively priced trading environment. Admiral Markets offers its traders an outstanding asset selection for proper cross-asset diversification.

 The free MetaTrader Supreme Edition upgrades the MT4/MT5 trading platforms from an unsatisfactory solution to a dominant gateway into the world of finance. Automated trading is fully supported, and manual traders have access to an outstanding set of auxiliary trading services. A combination of in-house generated analytics and third-party services provides a wide range of research.

 A well-rounded educational program will enable new traders to increase their knowledge and confidence level before approaching live market trade. Though there are many advantages to trading with Admiral Markets, traders that want to withdraw their funds may run into roadblocks, as will anyone looking for organized daily analysis. That being said, solid regulation and a wide asset offering make this broker a good option.

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User Reviews

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1 User Reviews
fender.pete@yahoo.com

Was a bit worried about this one, but after couple of relatively fast deposits and withdrawals, plus chat with their support in local language (serbian), was pleased with my choice. Good trading to everyone!

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