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Author: Samuel Lowes
Fund Manager
Samuel Lowes

Admiral Markets Review

Our Expert Rating
Accounts
9.8
Trades
9.0
Bonuses
9.4
Mobile
9.8
Banking
9.6
Features
9.2
Support
9.6
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Summary

Admiral Markets is a flexible trader that offers a range of trading platforms, multiple accounts and the option to move money between accounts in different jurisdictions. Using the latest technology, trade on either the MT4 or MT5 platforms from both desktop and mobile, which means that you can enjoy trading on the move. The site is intuitive, easy to use and full of information to help even the most novice of traders to get to grips with the website.

Risk Warning / Ad Disclosure

Risk Warning: The products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never risk money that you cannot afford to lose.

Ad Disclosure: Some of the links that you will find on this website are advertisements for which we do receive financial gain from referring new customers.

Introduction

Introduction

Established in 2001, Admiral Markets offers its Forex services in several countries around the globe but is licensed in Europe and Australia by CySEC and ASIC respectively. They also hold licenses from the FCA and MiFID. They have offices in the UK, Estonia, Cyprus and Australia.

Offering a total of 47 currency pairs including the majors and some minors, you can trade with Admiral Markets using the MetaTrader4 platform and the more recent MetaTrader5. They operate a no dealing desk brokerage model working on a hybrid of Market Execution, Exchange Execution and Straight Through Processing (STP)

When deciding whether Admiral Markets is the right choice of broker for you and your Forex trading experience, there are many factors to bear in mind. Reading through the information to discover this can be time-consuming. To make your decision easier, we have provided a complete, comprehensive review of the broker.

In this review, you will learn:

  • About the trading platforms and mobile experience
  • The various account options and their differences
  • What bonuses and promotions they offer to traders
Admiral Markets Screenshot Admiral Markets Screenshot Admiral Markets Screenshot
Risk Warning / Ad Disclosure

Risk Warning: The products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never risk money that you cannot afford to lose.

Ad Disclosure: Some of the links that you will find on this website are advertisements for which we do receive financial gain from referring new customers.

Account Types

9.8
Account Types

So as not to confuse you, we have outlined the four significant accounts offered by Admiral Markets. Take note that there are many account differences which alter slightly depending on your jurisdiction and the platform. It is advisable to check the exact detail of account before you open an account to check the finer details

Demo Account

The Demo account is essential to many, especially if you are new to Forex trading. You will automatically receive $5,000 for opening a demo account to practice trading. You can change this amount in the Trader's Room. It is easy to open and requires a quick sign up.

MT4 Account

$200 is required to open an account. The available leverage is 1:30, but for professional trading, this rises to 1:500. The spreads start from 0.5 pips. As the name suggests, trading takes place on the MT4 platform.

Prime MT4 Account

For a minimum deposit of $1,000, you can open a Prime account on the MT4 platform. Again retail clients can enjoy leverage of 1:30 with professional leverage of up to 1:500. Spreads start from 0.5 pips.

MT5 Account

To open an Admiral MT5 account, you will need a deposit of $200. Leverage of 1:30 is standard; however, for professional traders, you can leverage up to 1:500. Spreads start from 0.5 pips and trading takes place on the MT5 platform.

Invest MT5 Account

There is no leverage offered on the Admiral Invest MT5 account, and a deposit of $500 is required to open it. This account is available to those of you that wish to trade on the MT5 platform

As we mentioned above, these are the standard offerings across the jurisdictions; however, there are subtle differences between accounts depending on where you are. Please check before you open an account.

Supported Languages
English

Trade Features And Payouts

9.0
Trade Features And Payouts

While many brokers offer similar features, the differences come with the spreads and commissions or the leverage offered. Some may offer 0 pips but charge a commission while others may allow retail traders to leverage higher than others. The important factors to investigate are:

Leverage

For retail clients with Admiral Markets, leverage of up to 1:30 is available. For professional traders, this rises to 1:500. Leverage, used correctly, enables you to increase the size of your train positions, and, if successful, your profit. When using this strategy, the longer you expect your position to be open, the smaller your leverage should be.

Spreads

Spreads with Admiral Markets depend on the type of account you have. For example, if you have a Prime Account, you get 0 pips on the EUR/USD pair, but there is a commission payable. On other accounts, you can expect spreads from 0.5 pips.

Stop Loss

Using stop loss and take profit when trading can help you to be more profitable. You can learn more about this trading strategy using the educational articles on the website, which will help you to understand when and where to place them. Using stop loss orders with Admiral Markets means that you don't have to be continually watching your trades. Automatically exit a trade at a specific position.

Platform Types

Like many of the best Forex brokers, the trading platforms used by Admiral are the very robust and proven MetaTrader4 and MetaTrader5 (the latter being the more recent). They don't require a download of software, you open your browser tab and start trading. You can also use both MT4 and MT5 by downloading the relevant app for iOS or Android.

Admiral Markets is a flexible trader that offers a range of trading platforms, multiple accounts and the option to move money between accounts in different jurisdictions.

Bonuses And Promotions

9.4
Bonuses And Promotions

One of the bonuses offered by Admiral Markets is their "personal offer". A personal offer is only open to those professional traders that deposit more than $15,000 on application.

Due to European restrictions, Forex brokers cannot offer welcome bonuses at this time. The only bonus or reward is a professional client incentive. If you are a retail trader, there are no specific rewards or incentives available.

Mobile Trading

9.8
Mobile Trading

Download the MT4 and MT5 trading platform on your mobile phone using the iOS or Android apps. The apps let you do many things. You will also have the benefit of a live price feed and a choice of three different charts. Read the latest market news and check your messages on the go.

In general terms, you can do everything as with the desktop application. You can also benefit from push notifications to keep you updated, saving you time opening the app to check your positions. As the MetaTrader platforms mean you don't need to download software to use them and can access the site on your web browser.

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Deposits And Withdrawals

9.6
Deposits And Withdrawals

Traders can deposit funds with Admiral Markets using a variety of methods. Credit and debit card, bank transfer and electronic payment wallets are all accepted. Depending on which you use will depend on the currency that you can deposit in.

If you deposit funds in your native currency, you reduce the chance of having to spay currency conversion fees. There are, however, some fees for deposits using specific methods. Withdrawals are subject to charges in some cases although with bank transfer there are two free withdrawals per month. As with deposits, you can make withdrawals in different base currencies.

Special Features

9.2
Special Features

Using Flexible onboarding from Admiral Markets, you can choose which of the four offices with which you wish to trade. You don't have to stick to just one. Select the account that best suits your trading requirements and trade in the currency of your choice.

Choose to have multiple accounts in different currencies all at the same time and transfer funds internally using the Trader's Room. There are also a wealth of education and analytical tools to help maximise your Forex success.

Trending Pages

Customer Support

9.6
Customer Support

Customer support is available using all of the channels you would expect from a reputable broker. Open 24 hours a day, 5 days a week; you can reach someone by using live chat webchat on either desktop or mobile.

They also have social media pages, including Facebook and Twitter. The more traditional options of phone and email are also accessible. There is a feedback form to enable you to reach someone. The team are quick to respond using any method, and they regularly check their social media pages.

Here are the contact details for Admiral Markets:

  • Email - hello@admiralmarkets.com
  • Phone - +44 2035 140 756
  • Address - Spyrou Kyprianou 20, Chapo Central, Office 102, 1075, Nicosia, Cyprus

Conclusion

9.5
Conclusion

Admiral Markets is a flexible trader that offers a range of trading platforms, multiple accounts and the option to move money between accounts in different jurisdictions. Using the latest technology, trade on either the MT4 or MT5 platforms from both desktop and mobile, which means that you can enjoy trading on the move. The site is intuitive, easy to use and full of information to help even the most novice of traders to get to grips with the website.

The spreads, leverage, commission and other trading features are highly competitive with their peers. The fact that they operate in 4 different offices – UK, Cyprus, Estonia and Australia, make them extremely accessible wherever you are. With a range of educational tools, analytical charts and the latest market news, you have everything you need for the best Forex experience. For the professional trader, there is a loyalty and reward system. All in all, Admiral Markets are a well-regulated and highly accessible broker.

Risk Warning / Ad Disclosure

Risk Warning: The products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never risk money that you cannot afford to lose.

Ad Disclosure: Some of the links that you will find on this website are advertisements for which we do receive financial gain from referring new customers.

Frequently Asked Questions

FAQ

Is Admiral Markets legit? Will they scam me?

Admiral Markets are not only well established but also regulated and licensed in four different countries by some of the most reputable financial regulatory bodies.

Do they have a decent mobile or tablet app?

There are multiple apps to choose from, depending on which version of the MetaTrader platform you want. You can also access the site on your mobile web browser.

What bonus do they offer for new traders?

There are no bonuses offered to new traders in line with EU regulations, and the only reward is for those Professional traders that deposit a minimum of $15,000.

Can I start trading on a free demo account?

There is a free demo account available on both desktop and mobile, which will allow you to become familiar with the platform using virtual funds.

What's the min deposit and ideal trade amount?

The minimum account deposit required is $200, and you can deposit funds in the currency of your choice. Try not to trade more than 10% of your account balance on one trade.

Meet The Author
Samuel Lowes
Samuel Lowes
Fund Manager

Contributing to the website since 2012 we are one of many consultancy projects Samuel works on. With 38 years of experience in finance, insurance and foreign exchange his combined knowledge makes him an effective operator. Learn more.

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