Admiral Markets Overview
Telephone: +44 20 7726 4003
Regulation: FCA
Pairs offered: EUR/USD, GBP/USD, USD/CHF, USD/JPY, CAD/JPY, EUR/AUD, EUR/CAD, EUR/GBP, GBP/AUD, GBP/CAD
Minimum Deposit: $50
Spreads From: 1.1 PIPs
Max Leverage: 500:1
Markets: Cryptocurrency CFDs, bonds, ETFs, shares, indices, commodities, Forex.
Deposit Options

Admiral Markets Broker Review

Admiral Markets is part of a series of investment companies which provide a host of online trading services to clients in regulated jurisdictions. The company – Admiral Markets Group – was established in 2001 and now sports a strong global presence. This leading provider of Forex trading services has grown from strength to strength, becoming one of the top-tier trading entities in the UK.
The company is fully licensed and regulated to offer Forex trading to UK clients, courtesy of the Financial Conduct Authority (FCA) with FRN: 595450. It also sports licensing through other European authorities including the Cyprus Securities Exchange Commission (CySEC) with license #201/13, and the Estonian Financial Supervision Authority. Thanks to MIFID passporting, this Forex brokerage can offer services to other European countries and jurisdictions.
Admiral Markets offers a wide range of products to clients, including cryptocurrencies CFDs, bonds, exchange traded funds (ETFs) shares trading, indices, commodities, and Forex. Within this broad range of products are multiple individual instruments for UK traders. Beyond the basics, this Forex brokerage also offers clients access to MetaTrader 4, MetaTrader 5, the MetaTrader Supreme Edition, and the MetaTrader WebTrader option. A comprehensive selection of educational tools and resources, and analytics makes it easier for traders to stay abreast of the latest movements in the volatile Forex market.

Overview/ background

 

Admiral Markets has been a leading provider of Forex trading for many years. Traders have access to many powerful tools, analytics, and support options to help bolster their FX trading experience. For example, you have flexible trading accounts, with deposits available in multiple national currencies. It is also possible to hold your account balances in multiple currencies to avoid putting all your proverbial eggs in one basket. By leveraging the power of relative currency strengths, it is possible to boost the value of your portfolio at Admiral Markets.

The company has established itself as a front-runner in Forex trading, thanks to its customer-centric approach to traders. You can instantly connect with a knowledgeable and courteous customer service representative for a wide range of matters ranging from registration, technical issues (demo and live trading), and other matters. As one of the most secure of all the Forex trading brokerages, Admiral Markets has invested heavily in compliance with multiple regulatory authorities. MetaTrader 4 and MetaTrader 5 have proven to be the most reliable and responsive Forex trading platforms, and traders can access both at Admiral Markets.

Admiral Markets UK is registered in England and Wales, regulated by the FCA, and the registered office is in London. The other divisions of the company are registered in Estonia, and Cyprus.

 

Account Types

 

Various account types are available including the standard Admiral Markets account and the Admiral Prime account. The 3-step process to opening an account requires you to register, select the payment method, and then start trading with the MetaTrader platform.

There are significant differences between these account types, based on your trading style and preferences. For example, the standard account requires a minimum deposit of £200, while the prime account requires a minimum deposit of £1,000.

The Admiral Markets standard account features 36 currencies, 5 cryptocurrency CFDs, 4 spot metals CFDs, 3 spot energy CFDs, 4 index futures CFDs, 16 cash index CFDs, 64 stock CFDs, 2 bonds CFDs.

The Admiral Markets Prime account features 45 currencies (major pairs, minor pairs, and exotic pairs) and 3 spot metals CFDs.

Both account types offer leverage on Forex of 1:500 – 1:10.

The Forex tic size is 0.00001 on both accounts, and market execution STP is standard for both types. There are no re-quotes either. There are differences in terms of the minimum order size for Forex between the standard account and the prime account. In the standard account, the minimum order size is 0.01 lots, but in the prime account it is 0.1 lots.

The maximum order size for Forex is 100 lots for the standard account, and 200 lots for the prime account. The stop out percentage for the standard account is 30% and it is 50% for the prime account. Hedging is available in both, and both are fully compatible with Android and iOS devices.

 

Trading Platform/ software

 

Multiple platforms are provided for Forex traders. These include MetaTrader 4 for Forex and CFD trading purposes, MetaTrader WebTrader for trading directly off your browser – no download needed, and the MetaTrader Supreme Edition which is also ideal for Forex and CFD trading. For traders looking for advanced functionality, there’s always MetaTrader 5 – a full download Forex trading platform.

The trading platforms offer powerful solutions to the dynamic world of Forex trading. For example, MetaTrader 4 features advanced trading functionality with ironclad security. It sports a user-friendly interface with flexible trading options, multilanguage support, full charting capabilities, and automated trades. MetaTrader 4 (MT4) can be downloaded on Android, iOS, or Mac devices.

The Supreme Edition of MetaTrader comes with a free download for MT4 and MT5 and it’s also available in a demo trading account. The benefits of downloading the advanced edition include top end Forex trading features, functionality and widgets. These add-ons enhance your FX trading, and there are many terminals with automatic orders. These include trailing stops, stop-loss, take-profit and margin calculators. Clients can see price movements and track them in real time while staying connected to the latest news and Forex updates. The trading software offers a trading simulator to help fine-tune trading strategies with lot-sized calculators, testing of strategies and full charting features.

 

Deposit options

 

Multiple deposit options are available to FX clients, except for cash deposits from banks. Deposit methods such as bank transfer, Klarna, Visa, MasterCard, Skrill, NETELLER, Przelewy, and iBank&BankLink are available. For the most part, there are no fees or commissions for deposits, except for Skrill and Neteller which charge 0.9% minimum or £1. The minimum deposit amounts will vary based on the deposit method you are choosing. For Visa, Skrill MasterCard, and NETELLER the minimum deposit is £50. The maximum deposit amount is £5,000 on Klarna, Visa, MasterCard, Skrill and NETELLER.

 

Markets

 

The products offered by Admiral Markets cover the broad market. Various categories are available including cryptocurrency CFDs, bonds, ETFs, shares, indices, commodities, Forex. Within each of these markets are many financial instruments that you can trade such as:

Forex – EUR/USD, GBP/USD, USD/CHF, USD/JPY, CAD/JPY, EUR/AUD, EUR/CAD, EUR/GBP, GBP/AUD, GBP/CAD and many others. There are Forex spot major pairs, Forex spot minor pairs, and Forex spot exotic pairs. In total, there are 47 currencies available, with the majority being minor pairs and exotic pairs.

Cryptocurrency markets – there are 8 cryptocurrency pairs with fiduciary currencies, including Bitcoin Cash, Bitcoin, Dash, Ether, Litecoin, Monero, Ripple, and Zcash. All of these are traded against the greenback (USD).

Shares – multiple bourses (stock exchanges) are featured at Admiral Markets. These include the NASDAQ, CAC40, Dow Jones, DAX 30, LSE, and others. There are thousands of stocks available to traders.

Commodities – a limited number of commodities is available, including spot metals and spot energies. Gold, palladium, platinum, silver, and XAU/AUD can be traded. Energies include Brent crude oil, West Texas intermediate crude oil, and natural gas.

Indices – There are 20+ indices available, including cash indices and index futures. Examples of cash indices include AEX 25, ASX 200, CAC 40, DAX 30, DJI 30, FTSE 100, HS150, IBEX35 etc. Index futures include the BUX Comp, China 50, US Dollar Index, and WIG20 index futures.

Other markets that are tradable as CFDs include exchange traded funds and bonds.

 

Bonuses

 

Admiral Markets does not expressly promote a bonus however there is a section under the promotions tab which reads ‘Request a Personal Offer’. If you deposit more than £15,000, you qualify for a personal offer. You simply need to enter your information on screen and the estimated amount of your deposit to request an offer. Be advised that this is a personal offer which varies from one client to the next.

 

Customer Support

 

By navigating to the about us section and then clicking on contact us, you can instantly connect with customer service representatives. There are several ways to get in touch with the customer support team at Admiral Markets, including the feedback form. This is designed for problem reporting, asking questions, or making suggestions. It simply requires you to enter your first and last name, email, telephone number and country, with your comment. For more urgent matters, there are several contact options available.

You can contact the client queries number at +44-20-35-140-756, or the trading desk at +372-6309-306. Remote support is available for technical issues on the trading platforms. The physical address is located in London, UK, and you can write to them with any questions you have. The customer service team endeavours to provide prompt and professional service to all registered traders.

 

Safety

 

Admiral Markets is fully regulated by multiple authorities including the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), and the Baltic Authority (EFSA). As such, it is fully compliant with all the rules and regulations of these licensing authorities. Client funds are kept in segregated accounts, with international banks. Further, traders are protected from claims against the company through CySEC and FCA regulations.

All the security aspects of this trading platform are listed under the financial security section. According to the Financial Services Compensation Scheme (FSCS), a maximum compensation amount of £50,000 may be paid to clients in the event of financial difficulty with the brokerage. There is negative balance protection in effect at all times. This is also covered up to £50,000.

 

Ease of Use

 

Admiral Markets is user friendly, thanks to a selection of powerful tools and resources. These include the Trader’s Room where you can easily get started with your own trading account, use the cashier and download the MT4, and MT5 software. Forex traders will have no problems navigating through the trading platforms on iOS, Android, Mac and PC. The trading tools and resources are geared towards helping you understand the intricacies of the trading markets.

 

Final Thoughts

 

This broker offers traders dozens of FX pairs with generous leverage, low minimum lot sizes and high maximums. The trading tools and resources (webinars, guides, calculators, graphs and charts) are useful for demystifying the volatile forex market. This broker offers safe, secure and regulated trading to casual traders and experienced professionals alike. 

Pros
  • FCA, CySEC and EFSA licensing
  • Dozens of Currency Pairs Available
  • MT4, MT5, MetaTrader WebTrader
  • Promotional Offers Available Upon Request
Cons
  • Inactivity Fee of 10 EUR
  • Promotions Only Available on Deposits of £15,000
  • TrustPilot Reviews are Negative
Admiral Markets Overview
Telephone: +44 20 7726 4003
Regulation: FCA
Pairs offered: EUR/USD, GBP/USD, USD/CHF, USD/JPY, CAD/JPY, EUR/AUD, EUR/CAD, EUR/GBP, GBP/AUD, GBP/CAD
Minimum Deposit: $50
Spreads From: 1.1 PIPs
Max Leverage: 500:1
Markets: Cryptocurrency CFDs, bonds, ETFs, shares, indices, commodities, Forex.
Deposit Options
Pros
  • FCA, CySEC and EFSA licensing
  • Dozens of Currency Pairs Available
  • MT4, MT5, MetaTrader WebTrader
  • Promotional Offers Available Upon Request
Cons
  • Inactivity Fee of 10 EUR
  • Promotions Only Available on Deposits of £15,000
  • TrustPilot Reviews are Negative