Admiral Markets Review – Is Admiral Markets Scam or Legit?
Admiral Markets Review
Admiral Markets Group was established in 2001 and has since grown to become a worldwide brand with international companies and regulatory licenses in the United Kingdom, Australia, Cyprus, and across Europe. The company employs over 200 people, has over 213 active customers, and has a market capitalization of over 36 million euros. Admiral Markets is mainly a MetaTrader forex broker, providing the MetaQuotes Software Corporation’s array of platforms, as well as premium features including its MT4 Supreme and volatility protection tools. Over fifty forex pairs and CFDs, over 400 ETFs, over twenty commodities, forty indices, over thirty cryptocurrencies, and two bonds are among the almost 4,000 products offered by the firm.
Admiral Markets is a forex and contract for difference (CFD) broker. Traders may access key markets such as indices, currencies, stocks, and commodities via them. Admiral Markets is one of the few brokers that provide cryptocurrency CFDs to traders interested in cryptocurrencies like Bitcoin. Admiral Markets is a forex and CFD broker that uses the MetaTrader 4 and MetaTrader 5 platforms to trade. The minimum deposits, login procedure, demo accounts, spreads, and leverage will all be covered in our evaluation of the online broker.
Admiral Markets was established in the year 2001. The company’s hundreds of thousands of active traders can now be found in nations all over the globe, from Germany to India. The company’s headquarters are in Tallinn, Estonia, although it maintains offices in several locations, including Zagreb and London. Admiral Markets is licensed by many regulatory agencies, including the Australian Securities and Investments Commission and the Financial Conduct Authority of the United Kingdom.
A minimum deposit of one hundred dollars is required to create a live account. Admiral Markets, on the other hand, provides a demo account that you may use to exercise and get acquainted with their platform. Admiral Markets utilizes tier-one institutions to hold all customer money in a segregated bank account. Admiral Markets has been in operation since 2001, with headquarters in the United Kingdom. Before we get into some of the more specific details of Admiral Markets’ fees, spreads, trading features, and platforms, you should visit Admiral Markets’ website to get the most up-to-date information.
Awards
Admiral Markets is a safe forex and CFDs broker since it is licensed in two tier-1 countries. When compared to other MetaTrader-only brokers that provide nothing more than the default layout, Admiral Markets stands out. Customers may use Premium Analytics to access Acuity Trading, Dow Jones News, and Trading Central, for example. Admiral Markets ended among the top forex brokers for beginners in 2020, due to an industry-leading supply of instructional material on its website, as an added advantage to less-experienced traders.
Fees and Commissions
Admiral Markets provides four different account kinds, each with its own set of fees and trading goods. All account types have comparable pricing when it comes to the all-in cost of trading, which includes spreads and any commissions. Admiral Markets, like other brokers, charges a fee based on the spread, or the difference between the buy and sell price of an asset.
Fees & Spreads
Trading expenses are kept minimal at Admiral Markets. Spreads, which start at 0 pips, are used to pay the online broker. There are a few additional expenses to consider. Accounts that have been inactive for two years will be assessed a ten-dollar monthly inactivity fee. Clients who hold positions overnight are also paid swap rates, often known as interest costs. The broker’s website provides information about swap costs. When comparing Admiral Markets to other well-known brokers, the online broker comes out on top.
The Admiral Markets MT5 account offers the most trading options, while individuals just interested in FX may choose the Admiral Prime MT4 account. The Admiral Prime account has the lowest all-in fee, but it has a much-limited selection of marketable symbols. Admiral Markets claims to offer agency execution for all account types and does not run a trading desk or accept internal risk. Admiral Markets operates as an agency broker, sending customer orders to its parent firm, Admiral Markets AS, which serves as the group’s only liquidity provider.
Admiral Markets provides approximately 4,000 different products to trade, including more than 45 different currency pairings. Below is a list of all the various kinds of instruments that Admiral Markets has to offer. CFDs provide access to over 3,000 worldwide marketplaces, including:
- There are over 3,000 stocks and shares to choose from.
- There are more than fifty forex pairings available.
- Bitcoin is one of the most popular cryptocurrencies.
- There are almost forty indexes in all.
- Oil and gold are among the more than twenty commodities available.
- Approximately 400 bonds and ETFs
- Admiral Markets does not provide spread betting or binary options.
Tools and Platforms
Admiral Markets is a MetaTrader 4 trading platform. Admiral Markets distinguishes out among MetaTrader providers due to its MetaTrader Supreme package, which includes a suite of over ten expert advisors and twenty unique indicators. Showing news items displayed as tiny color-coded warning bells on the chart is one of the helpful add-ons offered by the Supreme service. A countdown timer and a spread widget are among the more subtle features. Finally, Trading Central is accessible.
Admiral Markets also provides a one-of-a-kind suite of volatility management solutions. These tools may assist you in minimizing the risks of slippage, agency execution, and market gap situations. These features are fantastic additions for experienced traders, which is why Admiral Markets was named Best MetaTrader Broker in 2020.
Admiral Markets is one of the few brokers that provide both the MetaTrader 4 and MetaTrader 5 platforms. Traders may trade on their preferred device thanks to a mix of downloadable programs for Mac and Windows. Admiral Markets now offers Android and iOS mobile applications, making it simpler to keep track of and execute transactions while on the go. Admiral Markets enables you to trade for as little as 0.01. Depending on the account you open, this may differ. Admiral Markets enables you to make a maximum of 200 Lot trades. Because Admiral Markets offers both STP and ECN execution, you can anticipate extremely narrow spreads and more transparency when it comes to the price you pay to execute your trades.
Margin requirements vary by account, trader, and instrument, as they do with most brokers. On their website, you may get the most recent margin criteria. Admiral Markets has teamed up with MetaQuotes to provide the whole MetaTrader platform suite, including MT5, MT4, MetaTrader WebTrader, and a Supreme Edition. MetaTrader 4 is the world’s most popular retail trading platform, especially for CFD and FX trading. The program is available for both Mac and Windows users.
The MetaTrader 4 system is quick and dependable, and it has some helpful features, such as:
- API-based automated trading
- Multiple periods are available, ranging from one minute to one month.
- Indices that can be customized
- The use of advanced charting
- a wealth of historical data
- Trading with a single click
MetaTrader 5 is the most recent version of the MT4 platform, and it is designed for more experienced traders. It’s a strong all-around platform with a variety of advanced technical analysis capabilities and a completely customizable UI. The following are some of the features:
- Market data is available for free.
- Level 2 pricing in the education industry
- News streams in real-time
- Support for virtual private servers
The MetaTrader Supreme Edition offers strong features for experienced traders to improve trading operations. Pattern recognition technologies, technical analysis indicators, day trading techniques, and holding periods are all available on the platform. Add-ons for managing various currencies and orders are also available with Global Opinion widgets. WebTrader is a web-based platform that is simple to use. With just an internet connection, users may trade from anywhere. Price analysis and simple trade management are both possible with the WebTrader platform. Users may utilize a variety of indicators, including Bollinger Bands and pivot points, as well as a simple forex pip calculator. WebTrader also supports well-known techniques like one-minute hedging and scalping. Finally, risk management software may be used.
Account
Because Admiral Markets is regulated by the Financial Conduct Authority, every new customer must pass a few simple compliance tests to verify that they are aware of the risks associated with trading and that they are eligible to trade. You’ll probably be asked for the following information when you create an account, so have it ready.
A three-month energy bill or bank statement that shows your current address
a scanned color copy of your driver’s license, passport, or national identification card
You’ll also need to answer a few basic compliance questions to validate your trading expertise, so set aside a few minutes to finish the account opening procedure. While you may be able to browse Admiral Markets’ site right immediately, you won’t be allowed to trade until you pass compliance, which may take several days depending on your circumstances.
Admiral Markets provides a sample account with $10,000 in virtual money. From the sign-up page, users may choose the practice account. You may test the MT5 and MT4 platforms and attempt leveraged trading on a variety of instruments after you’ve got your login credentials. With a fifteen-minute delay, the demo account mimics real-time market data.
Research
Admiral Markets, unlike other MetaTrader brokers, offers a comprehensive set of research tools and resources throughout its website and trading platforms. Traders can quickly and easily discover what they need on its website thanks to well-organized information. Thanks to its extensive educational material and courses, Admiral Markets was our number one broker for Education in 2020, finishing Best in Class. In the Beginners category, the broker was also named Best in Class. Traders may access Trading Central signals, the Dow Jones News calendar, and Acuity Trading mood widgets via Admiral Markets Premium Analytics. Fundamental and technical analysis material, heat maps, and Elliott Wave Analysis are among the other tools available.
Trading on the Go
The MT5 or MT4 app, which is available for Android and iOS, depends on the account type you create at Admiral Markets. Unfortunately, the unique add-ons available on the desktop platform are not compatible with mobile. As a consequence, this category’s rating is comparable to that of other MetaTrader brokers. iOS and Android users may get a fully functioning mobile app. Mobile traders may access three chart styles, a live price feed, news releases, configurable indicators, and a trading diary thanks to Admiral Markets. The user interface of the mobile platform may also be customized.
Admiral Markets offers a good selection of deposit alternatives, including:
- Visa and Mastercard – immediate bank transfer – three business days
- iBank&BankLink – immediate Przelewy – up to one day iBank&BankLink – instant Safety Pay – instant Przelewy
- Klarna – instant Neteller – immediate
- iDEAL – immediate Skrill – instant
- PayPal is a real-time payment system.
- The minimum deposit is $100, and all payment methods are free, except for Skrill, e-wallets, and Neteller, which carry a one-dollar fee.
Withdrawals
PayPal, bank transfer, Neteller, and Skrill are all options for withdrawals. Except for bank transfers, which may take up to three days, all withdrawals are completed immediately. When a withdrawal is requested, Admiral Markets provides the necessary bank codes. Traders are entitled to two free withdrawals each month, with a one-dollar withdrawal requirement. Additional bank currency conversion fees may apply.
Deals
Admiral Markets is renowned for offering no-deposit welcome bonuses and sign-up deposit incentives of up to 50%. There were none available at the time of writing. The terms and conditions of the bonus vary depending on the jurisdiction from where you are trading. The European Union has taken a firmer position on welcoming offerings in particular.
Regulation
Admiral Markets is a well-known worldwide broker with licenses in some countries. The Financial Conduct Authority has granted Admiral Markets United Kingdom Limited a license. The Cyprus Securities and Exchange Commission, the Estonian Financial Supervision Authority, and the Jordan Securities Commissions have all granted the group licenses.
Many additional nations, like Romania, France, and Indonesia, have given the broker permission to operate. Admiral Markets maintains customer money separate from the group’s assets in a regulated credit body to comply with regulator requirements. Client money is also safeguarded if the broker goes bankrupt, thanks to deposit guarantee programs and financial services compensation schemes. Overall, the broker is well-liked and dependable.
Other Features
Among our forex broker evaluations, Admiral Markets stands out for its training courses and trading tools. There are many seminars available online that discuss CFDs and forex in detail. Admiral Markets also publishes instructional publications in a variety of languages and provides demonstrations of analytical tools.
Traders also get access to Dow Jones News, Premium Analytics, and Trading Central, as well as Acuity Trading. All of these tools are intended to teach traders about investment techniques and market sentiment analysis. Multiple Admiral accounts may likewise be managed via the Traders Room.
Admiral Markets has finally launched a cutting-edge copy trading service. Clients may replicate established traders’ tactics and positions using this unique approach. The new tool provides a simple method for experienced investors to earn extra money, with members paying recurring fees. To keep track of activities, the members’ section has a leaderboard and a sleek dashboard.
Types of Account
Admiral Markets offers Zero.MT4, Trade.MT4, Zero.MT5, and Trade.MT5 account choices when it comes to establishing an account. You have a variety of trading platforms and spreads, as the titles indicate. The zero spread accounts do not support cryptocurrency, stocks, bonds, or ETFs. All accounts have leverage ranging from 1 to 30, however, the zero spread accounts have the largest position sizes, up to two hundred lots on FX compared to one hundred lots on the regular Trade accounts. All accounts need a one-hundred-dollar minimum deposit, and all account types provide mobile trading.
In addition, Admiral Markets provides an Islamic account as well as a professional account for institutional traders. Admiral Markets is a market maker, and none of its retail accounts utilize an ECN approach.
The following are some of the advantages of establishing an account with Admiral Markets:
- Leverage ranges from 1 to 500.
- Spreads of 0
- Service for copy trading
- Protection against negative balance
- The minimum lot size is 0.01.
- Long-term investment dividends
- MetaTrader 4 and MetaTrader 5 are regulated by ASIC, FCA, JSC, and CySEC.
- 90% of orders are completed in less than 150 milliseconds.
The following are the major disadvantages of dealing with Admiral Markets:
- There are no binary options or spread betting available.
- A monthly charge for inactivity
- Trading Hours at Admiral Markets
Admiral Markets trades during regular market hours. Specific opening and closing hours vary depending on the item traded, however, they often run throughout the week, with cryptocurrency trading volumes peaking over the weekend. During some bank holidays, the Admiral Markets Group operates on a modified schedule. On the broker’s website, changes to trading hours, including corresponding time zones, are posted.
Customer Service
The Admiral Markets customer service staff may be reached at:
- +442035041364 (toll-free).
- global@admiralmarkets.com is the email address.
- A feedback form Is an online form that may be found on the contact page.
- Live chat – look for the chat icon at the bottom of the broker’s webpage.
Within a few minutes, you should be able to contact a customer care person by live chat or phone. Most account and technical questions, including requests to cancel or remove an account, may be handled by the multilingual support staff. Follow Admiral Markets Group on Instagram, Facebook, YouTube, Twitter, and Facebook LinkedIn to stay up to speed on the newest developments. Hungarian, English, Spanish, Bulgarian, German, Czech, Dutch, Estonian, French, Greek, Lithuanian, Latvian, Moldovian, Slovenian, Croatian, Polish, Serbian, Russian, Romanian, Croatian, and Ukrainian are among the languages supported by Admiral Markets.
Security
Admiral Markets has a high level of user security. To keep customer data safe, the website employs encryption software. On the MetaTrader platforms, one-time password authorization is also accessible, while the Traders Room is secured with dual-factor authentication through Google Authenticator or SMS.
Accepted countries
Traders from Thailand, South Africa, the United Kingdom, Hong Kong, France, India, Germany, Sweden, Norway, Italy, the United Arab Emirates, Denmark, Saudi Arabia, Luxembourg, Kuwait, and the majority of other nations are accepted by Admiral Markets. Traders from the United States, Australia, Canada, Japan, Singapore, and Malaysia are unable to utilize Admiral Markets.
Conclusion
Admiral Markets may be the best option for MetaTrader fans searching for the whole MetaTrader platform suite, trading tools, and a variety of add-ons. Admiral Markets was the best in class MetaTrader broker in 2020, out of all MetaTrader brokers, in addition to winning first place in Education. Admiral Markets provides a competitive selection of tradeable goods as well as many extra trading and research tools not often available at MetaTrader-only brokers. Admiral Markets is a leading FX and CFD broker with a wide range of trading tools and instructional material. The broker is suitable for both novices and experienced traders, as it offers both the MT4 and MT5 trading platforms as well as zero spread accounts.
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