Admiral Markets Review 2021 – Read Before You Sign Up

BrokerAdmiral Markets
Web address https://admiralmarkets.com/
Founded in2001
Head officeLondon
Customer service+33 9 75 18 03 38
Type of supportEmail, Phone, Live Chat
LanguagesVI, EN, CE, DE, PT, IT, SV, ES, DA
Minimum deposit€200
Leverage1:30
Demo accountYes
Deposit methods  Bank transfer, credit card, Neteller,
Skrill, Klarna, iBank and BankLink, Przelewy
RegulatedYes
Mobile appYes
TabletappYes
General rating4.5/5

Summary

Admiral Markets is a Forex and CFD broker established since 2001. The broker’s seniority in the industry earned it numerous awards and the confidence of investors. The broker is based in London, where it is monitored by the FCA.

Admiral Markets provides its clients with many advanced analytical tools, enabling them to conduct their research in order to make the best investment decisions. In addition to Metatrader’s standard platform, Admiral offers a custom version of the software for a personalized trading experience.

Admiral Markets analytics tools may seem complicated at first glance, but at the end of the day, we find that they are quite suitable for beginners.

You can trade more than 7,500 assets at Admiral. If you’re looking for a serious online broker with a wide range of assets and a large volume, Admiral Markets is one of the best options.

Account opening

Admiral Markets offers 5 types of accounts, tailored to the degree of risk you want to take and the assets you want to trade.

Admiral offers a multitude of types of accounts, each with specific trading conditions.

Admiral MT5 Account

With the Admiral MT5 account, Admiral’s clients have access to more than 3,000 financial instruments, including Forex currencies, CFDs, cryptocurrencies, ETFs, indices, etc. The minimum deposit to use this account is 200 euros. Spreads are variable and quite tight. You will have a leverage of up to 1:30 for individual traders, and up to 1:500 for professional traders managing large amounts of capital.

Admiral Invest Account

This type of account is more oriented for trading on equity markets. More than 4000 CFDs shares and 200 ETFs are available on the Admiral Invest account. Access to the Admiral Invest account is only possible with Metatrader 5 and requires a minimum deposit of 500 euros.

Limited risk account

The European Financial Markets Authority (ESMA) has tightened the rules on leverage in 2018. Admiral Markets offers a “Limited Risk” account with which its clients cannot lose more than they risked.

This is a type of account that guarantees the stop loss. It is also mandatory! Even if the trader does not set it up, the system automatically places it at an optimal distance to limit potential losses. The minimum deposit to benefit from this account is 500 euros.

Admiral Markets MT4 Account

The Admiral Markets MT4 account has the same features as Admiral MT5. However, it has fewer financial assets. Nevertheless, there are CFDs cryptocurrencies, Forex currencies, commodity CFDs, indices, stocks, etc.

Admiral Prime MT4 Account

The Admiral Prime MT4 account is the “Premium” account of Admiral Markets under Metatrader 4. The costs are more advantageous with this account. However, you must make a deposit of at least 1000 euros to access it. MT4 Prime offers fewer assets for trading.

All types of accounts at Admiral Markets have a negative balance protection system. That is, Admiral’s clients cannot lose more funds than they have deposited. This may seem obvious, but in the leveraged trading system, the balance of the account may become negative under conditions of extreme volatility.

Each type of account also has a Demo version that allows you to discover the specifics and trading conditions, before starting trading with real funds.

KYC

Before you can make a deposit on your Admiral Markets account, the broker will have to verify your identity. This is part of customer knowledge or KYC. Financial institutions are required to verify the identity of their clients in order to combat money laundering or terrorist financing.

Admiral will ask you to provide photos of your identity documents through the platform. Don’t be afraid to provide these documents, as Admiral Markets is a serious and regulated broker in Europe.

Admiral Pro Offer

Admiral Markets offers professional traders a special type of account that allows them not to be subject to the leverage limitations introduced by the ESMA. This gives them more freedom in their trading. The regulator has limited the leverage from 1:30 to 1:2 for individual customers. This is in order to protect them.

Admiral Markets maintains that Admiral Pro is not an account, but a set of trading conditions that are more favorable compared to standard accounts. Professional traders will be able to have up to 1:500 of leverage.

To be eligible for Pro status at Admiral Markets, you must meet at least two of these criteria:

  • Trading 10 significant positions per quarter in the past year.
  • Your personal assets in your portfolio exceed 500,000 euros.
  • Having worked for a financial institution in managerial or trader positions.

Deposit and withdrawal

Admiral Markets offers 7 deposit and withdrawal methods, depending on your geographic location.

We liked the fact that Admiral Markets has diversified its deposit and withdrawal methods so that its customers can use the method that is most convenient for them. Let’s see how you can credit your accounts at Admiral Markets.

  • Bank transfer: This method of deposits is the slowest and is suitable for large deposits of funds (more than 10,000 euros). The funds will appear within 5 days and you can start trading in real life.
  • Credit and debit card: Credit card deposits are available on Admiral Markets. However, you will not be able to withdraw funds through this. VISA and Mastercard cards are accepted.
  • E-wallet: You can also use Skrill and Neteller to credit your account.
  • Other methods: other payment methods are available including Klarna, Przelewy (Poland only) and iBank and BankLink (for some Eastern European countries).

Spread and commissions

The cost of trading at Admiral Markets is acceptable. The Admiral Prime account has almost zero spreads on major currency pairs.

Admiral Markets charges the spread differently depending on the type of account you have. Those who want to trade Forex will opt for the Admiral Prime MT4 account which has almost zero spreads for the most traded assets. However, a commission is applied to your positions.

  • Forex currency pairs: the commission is $6 per position of a lot (US$3 per entry and exit). We have the same pricing for indices.
  • Equities and ETFs: the commission is only $1 per unit traded.

Below, you’ll find the typical spreads for the most traded assets on Admiral Markets depending on the type of account.

AssetsAdmiral MarketsAdmiral PrimeAdmiral MT5
EUR/USD0,60,10,6
Gold202020
GBP/USD0,90,60,9
BTC/USD40N/A40
DAX 300,90,20,9

Trading platforms

Admiral Markets specializes in the Metatrader trading platform with unique plugins developed by the broker.

Metatrader 5

Metatrader 5 is available at Admiral Markets. You can use the PC version, as well as the one online. In addition to allowing orders to be placed, Metatrader 5 is an advanced technical analysis tool.

You can view the chart history of assets from the platform. The dozens of technical indicators built into MT5 make it easy to analyze the charts.

The platform also automates your trading strategies. This is made easy thanks to the large community of developers around Metatrader. All admiral markets assets are available on Metatrader 5.

Metatrader 4

Metatrader 4 remains the most popular trading platform, despite the release of version 5. It is a lightweight platform that uses few resources. MT4 can be downloaded on PC. There is also a version available online.

Metatrader Supreme Edition

Admiral Markets Metatrader Supreme Edition

Admiral Markets has developed another version of Metatrader in which plugins or extensions have been added. The broker offers more advanced technical indicators than those that are present by default on Metatrader.

In addition, Metatrader Supreme Edition has an improved trading terminal, allowing you to set the position size, take profit, and stop loss faster, even before opening a position.

Furthermore, an alert indicator also makes it easier to track assets of your choice by setting up alerts based on price or percentage of daily change. Very convenient to be quickly informed, when the price of an asset flies away or drops quickly.

Finaly, Metatrader Supreme also incorporates a market sentiment indicator for each asset.

Webtraders

MT4 and MT5 are available online for those who don’t want to download the software to their computers. Webtraders are quite similar to PC versions and allow quick access to your account. However, for the time being they are not compatible with custom indicators and trading bots.

Mobile platforms

You can also opt for mobile versions of Metatrader. The mobile platform has fewer features than the PC version. Despite this, it is ideal for monitoring your open positions. Apps are available for Android and iOS. However, you won’t get extensions on Metatrader mobile, as the platform is not yet able to integrate extensions, or other trading bots.

Markets available

Admiral Markets is one of the most competitive brokers, with a large number of assets offered on its platform.

There are more than 7,500 tradable assets on Admiral Markets. In this respect, the broker is one of the most competitive brokers in the industry. You’ll probably have no trouble finding the asset you want on its platform.

Most of the most traded stocks in Europe and the United States are listed on the platform: Facebook, Apple, Total, etc.

The indices are also available for trading: CAC 40, DAX, Dow Jones, etc.

A dozen raw materials are present: from metals to energy to agricultural products.

Admiral Markets also performs well in the cryptocurrency trading offering, with about 30 pairs of fiat-crypto currencies, as well as currency pairs between cryptocurrencies.

A selection of nearly 400 ETFs is listed on the platform and available for trading in the form of CFDs.

Research

Admiral Markets offers its clients advanced technical and fundamental analysis tools.

Admiral Markets Research

To assist investors in their decisions, Admiral Markets has developed a wide range of market analysis tools. These tools are available on its website which is well organized enough to allow you to quickly find the tool you need. Other tools are also available on the Metatrader Supreme platform.

As soon as you become a broker’s customer, you have access to the Premium Analysis offer. It is a news feed powered by more than 1000 financial feeds including Dow Jones, Trading Central and Acuity. You’ll also have the more advanced economic calendar, to better analyze the companies you’re interested in.

You will also benefit from trading signals from Trading Central analysts. Market sentiment indicators will also be available.

Customer support

Professional and highly responsive customer support with several methods to reach it: email, phone and live chat.

Admiral Markets has fully translated its website and resources into English. Customer support is also available in English. You can ask them your questions related to the broker’s brokerage services, by sending them an email or by calling them on the phone.

We had to reach them on the phone, there was almost no waiting time and the agent was very professional in answering our questions about trading fees in relation to the type of account. It was also an opportunity to test this service.

Before contacting the support, your questions may well find answers in the frequent questions section of Admiral Markets. You’ll find solutions to various Metatrader-related problems such as connection errors. It also explains how to place your orders on MT4.

The FAQs also deals with trading conditions at Admiral Markets, as well as more general questions, that the beginner asks himself in trading.

The live chat is also available on the site. It’s handy to get quick answers to your questions. The chat is very responsive and supports your requests quickly. If no agent is online, you can still leave a message with the tool.

Training

Admiral Market offers comprehensive training in the form of articles and videos. Webinars are held regularly. In addition, the broker’s YouTube channel is full of resources.

When it comes to training, Admiral Market is almost flawless. The broker offers complete training for beginners. The training comes in the form of articles with illustrations.

We find it to be of good quality because it is quite detailed. You will learn the basics of Forex and CFD trading. Video training is also offered in exchange for your email.

In addition, the broker offers webinars on his website. You only have to create an account to be able to follow them. Go to the webinar page, which is at the training section level, to see if there is a webinar planned soon. We found that there are more webinars on the English version of their site than in other languages.

Admiral Markets is also very active on YouTube. Its analysts maintain daily analysis sessions live on the channel. During these sessions, they cover the economic and financial news of the day and give advice. They focus mainly on European indices, notably the CAC 40 and the DAX.

Security

Admiral Markets is regulated by several regulators. Some other safeguards are also taken to secure client accounts.

The various branches of Admiral Markets are regulated in Europe.

Be careful, however, not to confuse Admiral Markets with admiral-markets.com. This site abducted the name of the broker and it’s probably the work of malicious people. The AMF has also blacklisted this site.

Investor protection

For trading, Admiral offers a unique volatility protection tool. This protects traders from slippage and gaps from their positions. Most brokers simply warn about the risks associated with market volatility.

In addition, Admiral Markets offers negative balance protection on all types of accounts with the exception of Admiral Invest, which is an ECN account.

Customer accounts are segregated, i.e. their deposits are separated from Admiral’s equity. Your funds will be deposited with Admiral Markets partner banks. It is a safeguard put in place by the FCA. Therefore, in the event of the broker’s bankruptcy, your initial deposit is fully restored to the tune of 20,000 euros.

Conclusion

Admiral Markets is a good broker for those who want to trade on Metatrader with good operating conditions. The broker has developed special extensions for the platform, which sets it apart from other brokers.

In terms of trading fees, we find that it is not one of the cheapest in the industry, but the costs are still acceptable. The large number of assets available on its platform may encourage you to favour Admiral Markets if you have not yet made your choice of online broker.

FAQs

Is Admiral Markets reliable?

Admiral Markets is a reliable broker, regulated by the FCA.

What is the minimum deposit at Admiral?

The minimum deposit at Admiral Markets is 200 euros.

Can I trade with MT4 at Admiral Markets?

Yes, you can.

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