Admiral Markets Review
Admiral markets providing the brokerage service since 2001, which is considered as a well-formed broker for forex and CFDs. However, they have started in the UK, but over the years, it made a global presence in most countries except few highly regulated countries such as the USA and Canada. They provide Forex and CFD instruments to all the clients worldwide. So, here in this Admiral Markets review, you will get to know how they are serving worldwide. Additionally, you will know how they are approaching the future as the best forex broker.
We did an in-depth research-based on some criteria to know if Admiral Markets is a reliable broker. Throughout the article, we will provide a detailed aspect of Admiral Markets based on the fees, spreads, trading features, and forex trading platforms. So, this will be a must-read Admiral Markets review if you want to start out forex trading with them.
Admiral Markets Review: Is Admiral Markets the most Reliable Forex Broker?
Admiral Markets have headquarters in more than 20 countries in the world including, Europe, UK, Latin, and Asian regions. They couldn’t expand to these countries and regions if they did not get the licenses from top regulatory bodies. They are regulated by ASIC (license# 28381), FCA (UK, license# 595450), CySEC (license# 201/13) and FSA (Estonia, license# 10932555).
Without these regulatory authorities’ licenses, Admiral Markets couldn’t offer any financial services to any countries. These regulatory authorities signify that Admiral Markets is extensively safe for trading, and they are authentic. Anyone can trade with Admiral Markets without any hesitation.
Ranges of Products
Admiral Markets offers online trading from anywhere in the world, so you would never miss any trading opportunity if you trade with them. However, Admiral Markets consists of 7 different instruments to trade, which include ETFs, share & indices, commodities, forex, digital currencies, and bonds.
They provide all the services via Admiral Markets CFDs, which includes more than 50 forex pairs, 3000+ stocks & shares, 30+ cryptocurrencies including Litecoin, Bitcoin, Ethereum, etc., 25+ commodities, more than 40 indices.
Additionally, you will also get 400 ETFs as well as bonds to trade. Admiral Markets don’t include spread betting and binary trading in their product list.
Admiral Markets Review: Trading Platforms
In the beginning, Admiral Markets had their own trading platforms. But they adopted MetaTrader 4 after 2005 as MT4 was widely accepted by the traders. Later in 2010, they started providing service via MetaTrader 5 too, and recently Admiral Markets adopted MetaTrader Supreme too. All of the platforms are available for both phone and web browsers.
Admiral Markets MT4
The full form of MT4 is MetaTrader 4, which is widely accepted and used forex trading platforms. Initially, MT4 worked with FX currency pairs only, but they started to provide CFD trading services too. In the beginning, Admiral Markets MT4 was available for desktop use only via downloadable software. Later with the advancement of trading technology, they have introduced web trading and mobile trading.
Anyone can access the web version of MT4 by browsing the latest web browser. To use on mobile via apps, you will have to install the apps on your Android or iPhone.
Admiral Markets MT4 offers its service via a fast and encrypted server. Following are the top features of MT4 from Admiral Markets.
- Advanced charting option with trading directly from the charts.
- Automated trading features from the platform.
- Variable time frames.
- Customizable indicators.
- One-click trading feature.
- Get all of your transaction histories from one place.
Admiral Markets MT5
Admiral Markets MT5 is specialized for CFD trading. However, it also serves as forex trading platform too. Although MT4 and MT5 have almost identical features, MT5 is for the more advanced traders as it offers numerous technical indicators that are usable by the experienced traders. So, if you want to trade CFDs along with the forex Admiral Markets MT5 is worth trying. Following are the features of Admiral MT5 each account holder will get.
- Provide level 2 price.
- Provide an educational market to enlighten the traders.
- Supports free market data.
- VPS for all the account holders.
- Live news feeds on any economic events.
MetaTrader Supreme is a more powerful tool than MT4 and MT5. However, the Supreme edition boost the trading opportunity with some high-end technical indicators and pattern winning. Additionally, it offers day trading strategies and holding time frame features, which is absolutely beneficial for the account holders. Besides, you can install add-ons in the platform via the Global Opinion platform. The Supreme edition allows traders to trade in multiple currencies instead of stuck to one currency.
WebTrader Admiral Markets is accessible via any latest web browser from computer and phone. Although web traders work the same as the desktop version, you cannot add any add-ons on the web version. MT4 Web trader offers easy trade management tools with price analysis features. Additionally, traders can get access to multiple indicators, which includes a pip calculator and pivot points.
The risk management tool in WebTrader Admiral Markets can help you to reduce the risk while trading.
Admiral Markets Review: Account Types
Admiral Markets offers five different account types via their trading platforms. Admiral Markets MT4 offers Trader.MT4 and Zero.MT4 accounts. On the other hand, Admiral Markets MT5 offers Trader.MT5, Invest.MT5 and Zero.MT5. However, all the accounts can get you different benefits. Trade.MT5 and Trade.MT4 are the popular account types among these 5 account types.
Some features are specifically made for few account types only. For example, crypto, stock, bonds, and ETFs will not be available on zero accounts. On the other hand, zero accounts offer an excellent position size.
Most of the accounts provide a 1:30 leverage while the minimum deposit is the same for all account types, and the amount is $100. However, the spreads are variable, and it is changed as per the account types.
For the Muslims, Admiral Markets offer a swap-free account that is interest-free. Additionally, institutional traders will be able to open a professional account, who will get the Admiral Markets ECN features too.
Before opening and investing in a real account, a trader may check out the broker with a demo account. With the Admiral Markets demo account, traders will get a $10,000 virtual fund to trade with. It will help the traders to check everything on Admiral Markets just like a real account.
As soon as you open the demo account, the virtual money will be available to your account right away. However, you will have to choose one between MT4 and MT5 platforms while opening the demo account.
The only thing you will not be able to check with the demo account is the live markets, as it shows the live market with 15 minutes delay.
Admiral Markets Spreads
You will get the low trading cost benefits from admiral markets. As a result, it indicates that they earn from spreads, which starts from zero pips. Admiral Markets offer favorable spreads for all major and minor forex pairs, such as GBP/USD pairs start from 1 pip while EUR/USD starts from 0.6 pips. However, indices spread start from 1 pip.
Admiral Markets impose inactivity fees for an inactive account. If any trader doesn’t initiate a trade for 2 years, the account is subject to get charged. For regular trading, it also charges swap fees and overnight charges.
Admiral Markets Review: Leverage
Forex brokers reviews find out that Admiral Markets is beneficial for the retail traders than the institutional traders. Admiral Markets offer different leverage options for different products, such as.
- Forex – 1:30 maximum leverage
- Stocks, ETFs & bonds – 1:5 max leverage
- Indices & commodities – 1:10 maximum leverage
- Cryptocurrency – 1:2 max leverage
If you are not sure about your leverage rate, you can use their easy-to-use margin calculator to know your desired leverage before trading.
Admiral Markets Mobile App
Among all the brokers in the top forex brokers list, most of the brokers don’t offer their own apps. But, unlike them, Admiral Markets has developed their very own apps for handheld devices operating on Android and iOS, which includes iPhones, iPads, Android, and Tablets. The app comes in handy as it provides live price feed and customizable chart types. Besides, you can access recent news and custom indications right from the app too.
Admiral Markets Review: Deposit and Withdrawals
Admiral Markets deposit methods include Cards, Skrill, Neteller, Bank Transfer, PayPal, iDeal, iBank, and Safety Pay. However, cash deposits are not acceptable. All the transaction methods except the bank transfer are instant, while the bank transfer mat takes 3 days.
Withdrawal methods include Neteller, Skrill, Bank Transfer, and PayPal. However, withdrawals may be subject to charge if you request withdrawals more than twice.
Admiral Markets Review: Customer Support
Admiral markets’ customer service is given through phone calls, emails, and live chat through their website.
However, research on Admiral Markets review shows that live chat and phone calls are the most effective ways to get a response right away during office hours, which is 24 hours a day and 5 days a week.
Under 150 milliseconds, order execution service should give the traders a huge benefit. Besides, the negative balance protection, along with the regulations from the top tier regulators, would uplift the trading experience with the security of the fund. So, our Admiral Markets review strongly supports this broker as one of the best forex brokers. Anyone can start trading instantly, whether they are a new trader in the market of the experts.