|(5 / 5)||ASIC, CySEC, EFSA, FCA||3000+||Variable 0.0 Pips|
Are you looking for a trusted online trading service provider? – Then, this is exactly what you need to read about. In this review, we will discuss one of the leading online trading service providers, which offers investment services for trading with Forex and CFDs – Admiral Markets. In this article, you will find out more about the company and learn better about investing in this type of platform. Let’s start our journey to a worthwhile investment.
What is Admiral Markets? – Company presented
Admiral Markets are investment firms that operate under the Admiral Markets trademark. It offers investment services for trading with Forex and CFDs on indices, metals, energies, stocks, bonds, and cryptocurrencies. The company was founded in the year 2001 and has never stopped expanding up to today. Now it offers its services worldwide through its regulated trading companies. The aim of the Admiral Markets Group is to provide traders access to highly-functional software that assures quality and transparent trading experience.
The investment firms of this company have an outstanding reputation, provide high security of investments, offer quality services and present financial stability.
Facts about Admiral Markets:
- Founded in 2001
- Offers investment services with Forex and CFDs
- Authorised and regulated
- Offers services worldwide (through its regulated trading companies)
- Offers customer support in several languages
Is Admiral Markets regulated? – Regulation and safety for customers
Before making an investment, you have to make sure that the company that you are investing with is regulated. There are a lot of scam companies that are circling on the internet these days. These companies are unregulated and you must be vigilant about it. Regulation by an official authority is very important. It protects you from online trading scams. Also, you need to make sure that the company has a license because it is proof that the broker is examined and has reached certain criteria and regulations required.
Admiral Markets is authorized and regulated in Europe and Australia. It has an outstanding reputation that proves its investment firms to possess trusted platforms, gives quality services and embodies high security of investments.
Admiral Markets is regulated by the following:
- FCA (UK – registered in England and Wales)
- ASIC (Australia)
- CySEC (EU – registered in Cyprus)
- EFSA (EU – registered in Estonia)
You can find this information through going to the website (https://admiralmarkets.com) and by clicking on the question mark icon (please see image below):
You will see this section afterwards (please see image below):
Admiral Markets manage the customer funds in segregated bank accounts. The company does not use customer funds for its own investments or for any other purpose. In addition, the broker is checked and verified by well known auditors.
Furthermore, there is a Financial Service Compensation Scheme (FSCS). That means the security for customer funds is up to £85,000 if a bank goes bankrupt where the money is stored. Another important point to look at is the negative balance protection. With Admiral Markets you are completely safe on this point because the broker is covering up to £50,000 per client.
Summary of the regulation and financial security:
- Multi regulated Online Broker
- Segregated customer funds
- Financial Service Compensation Scheme £85,000
- Negative Balance Protection £50,000
Review of the trading conditions for traders
The investment services of Admiral Markets offers to trade with Forex and CFDs on indices, energies or crude oil futures, stocks, bonds, cryptocurrencies, and traders can also choose from almost seventy foreign pairs, which are as precious as metals. It is a global Forex Broker that aims to focus on making online Forex trading accessible for the trader and as well as transparent for individual currency traders worldwide. It is proven and tested that it’s a trading platform that is efficient and very useful. The tools provide a cautious and well-informed interpretation of the markets that greatly contribute to the trader.
Admiral Markets has shown its execution and has been voted as the number one Forex broker by the users of onlinebroker-portal.de (readers’ choice). In the year 2015, the company has been awarded second place by Broker Wahl (Germany Brokerwahl) in the category of FX broker of the year.
There are three types of accounts that Admiral Markets offers: “Admiral.Markets”, “Admiral.Prime” and “Admiral.MT5”. Each of the accounts has different requirements and each has different assets to choose from. Each account varies as well in leverages and some do charge a fee for a commission. The maximum leverage can be 1:500 and the spreads are variable and starting from 0.0 pips depending on the market conditions and account type.
Admiral Markets also offers support to clients through numerous educational and training programs. This helps the clients to have more reflective and well-thought decisions when it comes to trading. The company offers free seminars, online webinars and regular seminars that tackle important trading skills, giving awareness about the risks and as well as educating clients in the Forex market.
The good thing about Admiral Markets is that it publishes not only fundamental analysis but also technical analysis on a regular basis, which is an advantage for traders. On their official website, Admiral Markets also presents an economic calendar together with the rates of worldwide currencies. Plus it has 24/7 access to Partner Portals which gives traders access to their page with progress, commissions and as well as profit updates. The brokers are reputable, regulated and trusted.
The company and its brokers have been operating for 18 years of reliability and have proven their worth to the clients.
Facts about the conditions for traders:
- More than 3000 different markets
- Leverage up to 1:500
- Spreads are variable from 0.0 pips
- 3 different account types
- Very fast execution and high liquidity
- Professional education center and support
Test of the Admiral Markets Trading Platform
For professional Forex Trading, it is important to have a reliable trading platform. Most traders are using some sort of analysis where tools or indicators are necessary. In the next section, we will give you an introduction to the different platforms which are available with Admiral Markets.
Admiral Markets offers the following platforms:
- MetaTrader 5
- MetaTrader 4
- App for mobile devices
MT5 is the most famous platform and is the number one multi-asset platform traders and investors choose to use from around the world in trading Forex, CFDs, futures and exchange-traded instruments. It has thousands of markets, very easy to use, has level 2 pricing, trading robots, VPS Support, superior charting, education market and provides free market data and news. The platform not only offers advanced charting and trading tools but also options for automated trading.
MT4 is a user-friendly platform that is flexible, secure, fast and responsive. This platform is used as well for trading Forex and CFDs. It analyses the financial markets and offers traders advance access to trading operations in a secure, fast and reliable environment. It offers multi-language support and as well as automated trading. Its advanced charting capabilities are a big plus and it is totally customizable.
MetaTrader Supreme Edition
The MetaTrader Supreme Edition platform possesses the most advanced tools and will definitely improve your trading experience. You can get this platform for free to live and demo accounts. It has powerful Global Opinion widgets for MT4/MT5 that improve your Forex trading performance. Promotes fast order reversal and hedging, with order templates for OCO and OCA order types. Very reliable and very efficient order opening with preset stop-loss, take-profit and trailing stop. It has a handy and latest indicator that can let you see multiple time frames and chart types in one chart! You can easily track your chart movement, stay connected and definitely manage your whole account and all your orders efficiently.
MetaTrader WebTrader is a very convenient trading platform. You can trade in a browser from anywhere and every moment is safe to trade. It requires no downloading, has no OS preference and is very fast to start.
Facts about Admiral Markets platforms:
- User-Friendly (easy to use)
- Advanced tools
Professional Charting and Analysis is possible
Technical analysis of the markets is very essential, and charting is one of the most significant things that you need to know about. The essence of this is to help you understand the trend and volatility of the markets. MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are the most recommended software by brokers. It is known to be a very flexible and reliable platform in trading.
Admiral Markets promotes traders to give attention to fundamental analysis as much as they give to technical analysis. Both have their advantages and disadvantages when it comes to trading. It is important to know both analyses because fundamental analysis helps you understand the market’s movement (upward or downward) and when combined with technical analysis, this can lead you to long term trends which is a good edge on the trader’s part.
There are several kinds of Forex charts. Candlestick charting is the most famous and common charting that most traders use around the world, due to the fact that it is easy to use and very useful. It is a comfortable structure to work with and isn’t difficult to use every day.
- Line Chart
- Bar Chart
- Tick Chart
Mobile Trading (App) is possible with Admiral Markets
MetaTrader 4 and 5 (MT4/5) mobile Android platform is a top-notch software that is designed for traders by Admiral Markets. This feature allows clients to access mobile trading from any Android device. It lets clients or traders not only be able to place an order using mobile devices but also to perform basic technical analysis on a fully-fledged chart.
Features of MT4/5 App:
- View Live FX Quotes
- Customize the Platform
- Display Charts
- Add Indicators
- Get messages from your Broker
- Access Trading History
- Read Market News
- Change Time Frames
- Allows you to use all types of orders
- General Access to all Mobile-Friendly and Useful Features for Online Trading
You do not need to go to google and search for the current rate for your opened positions because the MT4/5 App (MetaTrader 4/5 Application) also features a quick preview of the current market situation. The App definitely owns some of the strongest chartings of all mobile apps for FX trading.
You can easily get the MT4/5 App. All you need to do is to get a platform, authorize it with your existing trading account and navigate the advantages of Forex trading from anywhere and anytime.
What we recommend for first-time users is that it is best to explore first the platform’s features by getting a demo account to avoid unintentional trade executions.
Admiral Markets Trading Tutorial: How to trade
You need to choose on which market you want to trade on.
You need to know the movement of the market whether it is going upward or downward. You need to decide whether you buy or sell. If you think that the market value will fall, then click on ‘sell’, and if you think that the price will increase in value, then click on ‘buy’.
It is important to add stop-loss because it is an order that secures your position from a certain process when it moves too far against you.
Once you have placed your trade, you can track the market prices and can monitor (or see) your profit or loss in real-time.
Step by step tutorial:
- Choose an asset you want to analyse
- Analyze the asset and make a forecast of the price movement
- Open the order mask and customize your position
- Choose the order volume
- Limit your loss and profit with the stop-loss and take-profit
- Buy or sell the asset you want
Since Admiral Markets allows you to trade Forex and CFDs, you need to know the difference between them. Generally, Forex is limited to currency markets, while CFDs cover a range of markets. For example, CFDs can be a commodity, indicies or stocks. With Admiral Markets, you can trade CFDs either precious metals or crude oil.
Trading Forex is much more direct than trading CFDs. Basically, the trader trades a currency pair, which means you are buying one currency and then selling the other. Trading CFDs is more on contract specifications.
How to open your account
You can definitely open a demo account using any of the three types of trading accounts Admiral Markets offers (“Admiral.Markets”, “Admiral.Prime” and “Admiral.MT5”). It is very easy and quick. All you have to do is to give in your full name and email address.
Free Admiral Markets Demo Account
Anyone who would like to evaluate the platform first before making a deposit can use a demo account for free. The demo account includes $10,000 virtual funds and is valid for 30 days. The positive thing about using a demo account with Admiral Markets is that, it gives the trader all the necessary tools which are available and is used in a real live trading account. It also provides a quick-start quide which is very helpful for first time traders. We would highly recommend for you to get a demo account first, so that you can test and practice the platform before making any deposits or investments.
Account Types of Admiral Markets
Admiral Markets offers three types of accounts.
This account has a minimum deposit of $200 and is the most popular trading account of the company. It is a micro account that offers up to 1:500 leverage and spread that begins from 0.5 pips. Traders can select from 59 currencies as well as precious metals, energies / crude oil, futures, stocks, bonds, and indices. The account offers access to the entire list of financial instruments or tools to trade. This account is the most popular and is considered an excellent account for online trading on a large margin, due to the high leverage and low spreads, which allow high-risk traders and scalpers to take advantage of the market’s fluctuation or volatility.
This account is the second type of account in Admiral Markets. The initial deposit begins with minimum as $200 and has a lowered leverage of 1:500. This account begins from 0 spreads and a commission of $3 per lot. However, there is a downside to this account. It only provides access to precious metal CFDs and FX currencies. This factor prevents traders to be able to invest in other assets that are available in the market’s account.
This account is the latest trading account. The initial deposit requires the remains of $200 and has a minimum order size for all accounts which is 0,01 lots. It allows customers the option to open an MT5 trading account that has better trading conditions and which guarantees market execution that is faster.
|Spread:||From 0.5 pips||From 0.0 pips||From 0.5 pips|
Review of the deposit and withdrawal
Admiral Markets deposit process is very easy and the majority of the payment methods that are available, instantly process the transaction right away. Bank Wire is the only payment platform that may take up to 3 business days to process your funds.
Payment Methods that can be used:
- Bank transfer / Bank Wire
- Klarna (Sofort)
- Credit Cards (Visa, MasterCard)
- iBank&BankLink / TrustPay
Please note that Admiral Markets do not accept cash deposits from banks (only bank wire).
However, for the withdrawal process, it is the other way around. Skrill is the only payment program that processes your funds immediately and the majority which is through bank transfer takes up to 3 business days.
Fees and costs for Admiral Markets Trader
Opening a live or demo trading account is free with Admiral Markets. It is important to know what fees you are paying for or will be charged for, by using an online trading platform.
Here is the following information that is relevant when you use Admiral Markets:
- Minimum initial deposit is $200
- Minimum variable 0.0 Pips
- $0.10 (or equivalent in another currency depending on your asset)
- 10 EUR per month
- Admiral Markets may charge commission on CFD shares
Support and service for traders in different languages
What is amazing about the customer service in Admiral Markets is that they give good quality assistance to the traders. The company has support available in 24 different languages and clients can reach their customer support through email, chat and/or via phone call.
Also, Admiral Markets has client remote support which is very helpful. Whenever the trader has encountered software-related concerns or any technical issues, the remote support will swiftly attend to the trader’s question or needs.
You can find their support details by going to their website (https://admiralmarkets.com) and by pointing your mouse cursor on ‘ABOUT US‘ section and you will receive a drop down menu, where you will find ‘Contact Us‘.
Facts about the support:
- Supports wide range of languages (available in 24 different languages)
- Phone support
- Email Support
- Chat Support
- English language support is open 24 hours a day (on a business day)
Admiral Markets also gives support by offering clients educational and training programs. These programs are available in regular, free seminars or online webinars. The aim of these programs is to give traders the important skills in online trading, awareness about the risks that might take place, and ofcourse, give the clients view on how the Forex market operates.
Because of this, we can say that the support and service that the company offers is truly remarkable.
Accepted countries and forbidden countries
The following are the countries accepted by Admiral Markets:
Argentina, Australia, Austria, Bahrain, Belarus, Brazil, Bulgaria, China, Croatia, Cyprus, Czech Republic, Denmark, Estonia, France, Finland, Germany, Greece, Hungary, India, Ireland, Israel, Italy, Kuwait, Malaysia, Malta, Mexico, Monaco, Netherlands, Norway, Latvia, Liechtenstein, Lithuania, Luxembourg, Oman, Poland, Portugal, Russia, Saudi Arabia, Slovakia, Slovenia, South Africa, Spain, Sweden, Switzerland, Thailand, United Arab Emirates, United Kingdom, Qatar
Admiral Markets do not accept US clients.
Conclusion of the review: Is Admiral Markets legit?
Admiral Markest has proven its reliability for over 18 years now and is one of the leading brokers in the industry. The company offers the best support to its clients, offers highly functional software and aims to provide transparent trading experience. Its offers educational and training programs offer the clients to have more reflective and well-thought decisions when it comes to trading.
We recommend Admiral Markets as it is legit, reliable and it is a safe broker for Forex and CFD trading. The broker is reputable, authenticated and highly regulated. As it is one of the first Forex and CFD brokers in the trading industry, the company has the most efficient and developed tools and user-friendly platforms. Plus, it offers mobile trading as well.
- Advanced and highly-functional softwares
- Transparent trading experience
- User-friendly platforms
- Wide range of markets
- High security of investments
- Quality support and services
- Promotes financial stability
- Offers mobile trading
- Offers free demo account
- Reliable and competitive spreads
- Not available for US traders