Admiral Markets minimum deposit – Methods and tutorial
Admiral Markets is one of the leaders in online trading. Many traders want to use this broker for investments but how high is the minimum deposit for a trading account? – In this article, we want to highlight how much money do you need for starting with Admiral Markets. Learn about the conditions, payment methods, and how to deposit on this trading platform.
How High is the Minimum Deposit on Admiral Markets?
The Admiral Markets minimum deposit amount varies, depending on which funding method and account type you choose.
There is a general minimum deposit amount of $0 when funding your Admiral Markets account via bank transfer in your chosen account currency. Funding your account via any of the other deposit and withdrawal methods, however, will see varying minimum deposit levels imposed, each starting from $50 USD.
The minimum deposit for the Invest account is $1 and the minimum for a forex and CFD trading account is $100. In the following table, you will see the details.
If your account is denominated in a currency other than USD, then the Admiral Markets minimum deposit amount will be the USD equivalent of your account currency. For the purpose of this guide, keep in mind that we’ll be speaking in terms of USD. The broker accepts EUR, USD, GBP, CHF, BGN, CZK, HRK, HUF, PLN, RON.
See the table below for account types and minimum deposits:
|Platform:||MetaTrader 5||MetaTrader 5||MetaTrader 5||MetaTrader 4||MetaTrader 4|
|Spreads from:||0.5 pips||0.0||0.0 pips||0.5 pips||0.0 pips|
|Commissions:||No||$0 – $0.02 per share||$1.8 – $3.0 per one lot trade||No||$1.8 – $3.0 per one lot trade|
(Risk Warning: 81% of retail accounts lose money)
Review of Admiral Markets Deposit and Withdrawal Methods
Admiral Markets is a trusted forex broker, regulated by multiple regulatory bodies like FCA (UK), ASIC (AU), and CySEC (CY).
Keep in mind that this regulatory oversight means that they must adhere to strict anti-money laundering laws and as a result, the method you fund your account with will have to be the same as you use to make an Admiral Markets withdrawal.
Due to their size and global footprint, Admiral Markets are able to offer clients a wide and varied range of deposit and withdrawal methods.
The most popular Admiral Markets deposit/withdrawal methods include:
- Bank Transfer
Alongside these popular deposit/withdrawal methods, Admiral Markets also offer the ability to fund your account using iBank&BankLink, SafetyPay, AstroPay, Trustly, and Rapid Transfer. In some countries, the broker can even offer more payment methods. The payment methods also depending on your country of residence.
Each, however, comes with a set of specific currency limits and extra terms around using them. See the table below:
|Payment method:||Minimum deposit:|
|Bank transfer:||No minimum|
How to make a deposit on Admiral Markets – Step by step
In this section of our Admiral Markets minimum deposit guide, we’re going to walk you through making a deposit step by step.
Before we start the first step, we’re obviously assuming that you’ve opened a live account.
If you haven’t yet opened a live account with Admiral Markets, then click here to begin the process.
Step 1: Ensure your personal data is up to date
The first step toward depositing Admiral Markets is getting your live trading account verified.
Ensure your name and address match your identity documents to avoid any verification issues. As Admiral Markets are a regulated forex broker, they must follow strict anti-money laundering procedures which require all names on accounts to match your ID.
Step 2: Choose your Admiral Markets deposit method
The second step is to choose which deposit method best suits your needs. Consult the list of funding methods available to Admiral Markets clients, in the section above.
Which deposit method you choose is entirely up to you, but remember for the lowest Admiral Markets minimum deposit of $0, you’re going to have to choose a bank transfer. For an instant or at least same day deposit, choosing Visa/Mastercard, Skrill or Neteller will require a $50 minimum deposit.
If you’re looking to deposit an amount lower than $50 into your trading account, then time is the trade-off.
Step 3: Start live trading
Admiral Markets does everything they can to process deposits and withdrawals on the same business day, but sometimes there are hold-ups at your bank or payment merchant’s end, which is out of their control.
After waiting for the required processing time, which varies from instant to 3 days depending on which deposit method you chose, you’re then able to start live trading. On your MT4/MT5 terminal, you’ll then see your available balance, equity, and margin within the trade window at the bottom.
Admiral Markets Withdrawal and Deposit Fees
There are zero Admiral Markets withdrawal and deposit fees.
No matter which deposit method you use to fund your Admiral Markets trading account, you will not be charged fees from the broker.
Depending on which funding method you chose, there may be third party fees and charges. To avoid these, however, simply fund your trading account with the best Admiral Markets minimum deposit method – A bank transfer with no minimum amount.
It’s also worth noting that there are zero fees or charges involved with opening both demo and live accounts. There is, however, an account inactivity fee of $10 per month.
Admiral Markets is a trusted, regulated forex broker
Admiral Markets have one of the best reputations in the forex broker industry.
With operations spanning across multiple continents and numerous regulations to match each jurisdiction they operate within, Admiral Markets can be trusted with your funded trading account.
Major Admiral Markets regulatory licenses:
- UK – Financial Conduct Authority (FCA)
- Europe – The Cyprus Securities and Exchange Commission (CySEC)
- Australia – Australian Securities and Investments Commission (ASIC)
While these cover the big 3 forex broker regulations, Admiral Markets are also allowed to legally operate across numerous other regions and countries.
How much money should you deposit?
One question that often arises surrounding Admiral Markets minimum deposit, is should we fund the bare minimum or go higher?
No matter which forex broker you’re choosing to open an account with, the answer is always the same. The deposit amount doesn’t matter, because your risk management plan should always be focused on percentages rather than dollar amounts.
For example, if your risk management plan says to only risk 2% of your account per trade, then it doesn’t matter whether you have a $50 account or a $500,000 account. The percentages remain the same.
The broker’s MT4/MT5 platform allows you to adjust your trade size through lot sizing in order to stay safe, even if you’ve made only the Admiral Markets minimum deposit.
Final thoughts on Admiral Markets minimum deposit amounts
By choosing to fund your Admiral Markets trading account by a bank transfer, you’re able to pay zero fees and have no minimum deposit amount.
As a result, there’s no denying that if you’re looking for a low minimum deposit forex broker, then Admiral Markets is one of the best.
(Risk Warning: 81% of retail accounts lose money)