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Admiral Markets, founded in 2001, is a global Forex Broker focused on making online Forex trading accessible and transparent for individual currency traders all over the world. Traders can choose from close to seventy foreign currency pairs as well as precious metals, crude oil futures, indices and CFDs. Admiral Markets is authorized and regulated by the (UK) Financial Conduct Authority (FCA) and is located in London.The broker currently counts just over 24,000 active clients. It employs a staff of approximately 400 people around the world.
In 2015 Admiral Markets was awarded second place in the category FX broker of the year by Broker Wahl in Germany Bokerwahl. In addition Admiral Markets was also voted the number one Forex broker (readers choice) by the users of onlinebroker-portal.de.
In September 2015 Admiral Markets won award as Best MT4 broker in in the UK Forex Awards organized by and hosted by Shares Magazine. The company was rated as “Best of the Best” by the New Europe magazine. In 2015, the broker participated in the largest Forex conference in Poland, FX Cuffs, and was announced as the "Best Foreign Broker in Poland 2015".
Admiral Markets offers three types of accounts. The minimum deposit for the classic Admiral Markets account, the most popular account available, is $200 and traders can choose from 59 currencies as well as Spot Metals, Spot Energies, Indices and Stocks. Leverage is 1:500.
Admiral Markets Account Types
The Admiral Prime and the Admiral MT5 accounts both require a $1000 minimum deposit before trading. Each of the three accounts has a different asset list to choose from, varying leverages and some even charge a commission. The classic Admiral account and the Admiral Prime use the MT4 platform while the Admiral MT5 uses the newer addition, the MT5.
The minimum order size for all the accounts is 0.01 lots and market execution is used for all.
Admiral Markets permits hedging on the classic and Admiral Prime accounts, and traders can trade on most mobile devices including iPhones, iPads and Androids.
A demo account can be opened using any of the three trading accounts and I was pleased to see when doing this Admiral Markets review that extra focus has been given to this practice account. Anyone new to trading or someone who would like to see what Forex is all about or wishes to test a new strategy can sign up for a free demo account and receive $10,000 in virtual funds that can be used to trade in a live market from any device. The demo account is offered free for 30 days. A quick-start guide to demo trading is included.
The Admiral Markets website is very user-friendly and presents all the necessary information in a clear and easy format. Several important features are provided including Autochartist which is the world's most advanced tool for the automatic identification of chart patterns and Fibonacci patterns.
The technology allows traders to monitor thousands of financial instruments 24 hours per day automatically uncovering trading opportunities as they occur. With pattern recognition engines continuously scanning financial markets such as Forex, Equities, Indices, and Commodity markets, traders are notified within minutes of pattern formations.
Admiral Markets Autochartist
PowerStats is another feature offered to traders. PowerStates gives Forex traders important statistical information about the instruments they trade. It helps when setting stop-loss and take-profit levels, and provides a better assessment of risk and volatility. All the features of Autochartist can be downloaded to a trader’s MT4 application via a custom plug-in that takes 30 seconds to install. Autochartist is offered free for 30 days.
Books, webinars, seminars and knowledge bases are all offered at Admiral Markets and traders can choose to access any format they prefer. Informative articles are also available as are trading examples using a variety of trading tools in hypothetical conditions.
Admiral Markets Webinars
The seminars are given at their London location and the webinars are available to all members on almost a daily basis. Additionally, Admiral Markets publishes educational books and brochures in several languages, which are distributed internationally.
Traders can get answers to frequently asked questions about available services and financial trading from the General Questions FAQ and the MetaTrader4 FAQ sections and a full glossary of financial terms is also provided.
Both technical and fundamental analyses are posted almost every day and Wave analysis is offered daily. Central Bank rates of the major world currencies and an economic calendar are also displayed on the website.
Admiral Markets - Market Analysis
A deposit bonus of up to 30% is available on all deposits made to accounts. The offer expires at the end of May.
When doing this Admiral markets review, Admiral Markets was continuing its ForexBall competition with a prize pool of $541,000. This promotion is both lucrative and educational as it provides comprehensive training and learning opportunity for all participants and players can track their successes, learn from their mistakes and work on their strategies in the long-term.
In addition, traders have the opportunity of using the “Request a Personal Offer” promotion where Admiral Markets will customize trading conditions for anyone depositing at least $15,000 making them as competitive as possible. A trader needs only fill in a short form to request a personal offer from the broker and a personal account manager will contact them with an offer specifically tailored to meet their trading needs.
Deposits can be done using popular payment systems such as credit cards, bank wires, payment programs such as Skrill and Neteller and other deposit methods. Withdrawals can only be performed via bank transfers. Commissions may be charged depending on the country involved.
The Admiral Markets Group offers customer support via phone and live chat to assist clients in all technical and organizational matters. During European and Australian office hours, phone support and live chat are available in over two dozen different languages. The English chat is available 24 hours on every business day.
In addition, Admiral Markets offers remote support for their clients. If a trader has a technical issue or software question related to using MetaTrader 4 basic or Supreme Edition platforms, Admiral Markets can quickly assist with remote support.
I was quite impressed with Admiral Markets as it offers everything both new and experienced traders would need for an enjoyable and hopefully profitable trading experience. There are choices of accounts and platforms and the website is user-friendly and easy to navigate. I would have liked to see additional bonuses or promotions as these are beneficial in encouraging new clients to open accounts.
Review info: Admiral Markets
Review Date: 2017-11-13
Rating : 4
Reviewed By : Sara Patterson (Google+)