Admiral Markets Review

  • Regulated by: FCA
  • Headquarters: United Kingdom
Established : 2001
Country : United Kingdom
U.S. Clients Allowed : No

Admiral Markets UK Ltd is an online broker with operational history that dates back to 2001. Its parent company is Admiral Markets Group AS, which manages several subsidiaries, namely Admiral Markets PTY, Admiral Markets AS and Admiral Markets Cyprus. All the subsidiaries are responsible for handling business in their irrespective jurisdictions and are regulated with the local regulatory bodies. For reference: Admiral Markets AS, located in Estonia is regulated with EFSA. Admiral Markets UK Ltd, is regulated with FCA (UK’s Financial Conduct Authority) and MiFID.

Admiral Markets is a global broker for Forex trading and CFD trading. It provides online trading services to FX traders around the globe. It not only offers an extensive selection of Forex currency pairs to trade with, it also offers CFD trading on assets such as market indices, precious metals, commodities and a recent addition, cryptocurrencies.

Admiral Markets UK Ltd Regulations

As mentioned above, since the broker is located in UK, it is regulated with United Kingdom’s Financial Conduct Authority (FCA) under the authorisation number 595450.

Reliability

admiral-winner

When it comes to reliability, the broker has earned its client’s trust over the years and established itself as a transparent, reputed and a reliable broker. The testament to this fact is the numerous recognitions that the broker is awarded with. Let’s take a look at few of them.

Admiral Markets won the ‘Best MT4 broker’ at the UK Forex Awards by Shares Magazine.

Admiral Markets was rated as ‘Best of the Best’ by the New Europe magazine.

Admiral Markets was nominated as ‘Best Foreign Broker in Poland 2015’ at FX Cuffs conference conducted in Poland.

An added layer of protection comes from the fact that the broker’s clients are eligible for the Financial Services Compensation Scheme, for a maximum cover of 50,000 pounds in the face of Admiral Markets facing insolvency. This helps traders gain some peace of mind.

Trading Platforms

platforms-admiral

The broker offers industry popular MetaTrader trading platforms to its clientele. The traders can choose between MetaTrader 4 (MT4) or MetaTrader 5 (MT5). The MetaTrader platforms are available as the desktop variant or a WebTrader. It is also available as a mobile application on IOS and Andriod devices. MT4 is popular in the industry as it is a tried and tested platform that comes equipped with more than fifty technical indicators and comprehensive charting packages. This allows the traders to analyse the markets in depth. It also features automated trading through their EAs (Expert Advisors) functionality.

MT4 Supreme Edition

admiral-mt4

In order to enhance MT4 capabilities further, Admiral Markets have introduced a MT4 Supreme plugin. The plugin further enhances the performance for MT4 platform by adding new features such as ‘Mini Trader’ and Mini Trader terminal’. It also features an Alarm Manager which warns the traders of major upcoming market events. However, the most useful tool of the plug might be the spread indictor. What it does is, lets you view the spreads all the time.

MT5 Platform

Keep up with the trends and for traders who need advanced trading platforms, Admiral Markets also provide MT5 Trading platform. It is developed by the same firm that developed MT4 and comes equipped with brand new and enhanced features over its predecessors.

Mobile Trading

MT4 is also available as a mobile app version for the traders who like to trade on the go. It comes free of charge and is available on IOS and Andriod devices and can be downloaded from Google Play & Apple Store. Although it lacks some features as compared to its desktop or web version, it does allow you to check your account and trade while you’re away from your desktop.

For traders who like to trade on the move, Admiral Markets UK Ltd has also provided them with a special version of the MT4 platform. The mobile trader is available free of charge is designed for both Android and iOS powered devices.  Although the mobile trader does not come with as many functions as the desktop or web version, it still enables you to view your account status and trade the markets while you are away from your desktop.

Trade Types/Instruments

At Admiral Markets assets are offered as CFDS; they cover 6 major financial instruments such as forex, indices, commodities, bonds, stocks and much more recent cryptocurrencies.  In total they offer:

16 cash indexes, 2 bonds, 266 stocks, 3 index futures, 3 spot energy CFDs, 36 Forex pairs, 4 spot metals and 8 Cryptocurrencies.

Account Types

Admiral Markets offer 3 types of trading accounts to their clients. The three types are – Standard, Prime and MT5 Trading account.

Standard and MT5 account come at Admiral Market’s minimum deposit of 200 euros. For the prime account it is a minimum of 1000 euros.

In addition to the above, it also provides Admiral Markets Demo Account which enables the traders to test the platform without real money investments. It is free of charge.

Commissions & Spreads

Admiral Markets charges its clients with varied mix of commission and spreads based on different types of trading account. The Prime account holders enjoy raw spreads and commission of $3 per trade.

InstrumentSpreads (in pips)
EUR/USD1.2 pips
GBP/USD1.7 pips
USD/JPY1.4 pips
GOLD22 pips`
BRENT CRUDE3 pips
DAX300.8 pips
DOW JONES 301 pip
BTC/USD1 pip
APPLE INC4 pips
NAT. GAS6 pips

Deposits & Withdrawals Options

Deposits at Admiral Markets can be done through the following mediums:

  • Bank Wires
  • Credit Cards
  • Skrill
  • Neteller

Withdrawals are only allowed through bank wire transfers (SEPA), Skrill and Neteller. The online wallet transactions come at 1% transaction fee and the fees for bank wires depends on the bank it is carried out through.

Bonus & Promotions

Admiral Markets do not offer any bonuses; however, they do have a loyalty program named ‘Admiral Club’.  The traders can earn reward points on their trades, which they can convert in to trading funds. Traders can also request for a personal offer if they have more than 15,000 pounds to invest.

Customer Support

Admiral Markets have a customer support available on 24/5 basis which can be supported via telephone, email, web contact form and live chat. A call back service is also available on the broker’s website. The support is available in over 24 different languages. Another distinctive feature which elevates Admiral Markets above most of the competitors is the availability of remote support via special remote access software. With so many options available, traders can rest assured that all their questions will sufficiently addressed.

Conclusion

It is more than safe to say that Admiral Markets is an ideal broker for both advanced and beginner traders. Their product range is diverse and their spreads are competitive. What sets them apart from the rest of the market is the remote support they offer. They have clearly set course to be a premier destination for traders, which shows the innovative and intuitive spirit that the broker stands for.

Ricardo Martinez

Ricardo Martinez

Ricardo Martinez has been active in the financial markets for around 10 years. In the early days in his career he was a trader and worked as market analyst in different online brokers advising clients on key decisions of trading instruments in foreign exchange and commodity markets. Ricardo is currently working as independent trader with diversified portfolio over different markets. His writing for LearnMarketonline is part of his commitment to share knowledge with traders.