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Admiral Markets Review
Admiral Markets is a forex and contract for difference (CFD) broker. They provide traders with access to key markets such as currencies, indexes, commodities, and stocks. Admiral Markets is among the few brokers that offers cryptocurrency CFDs to traders interested in cryptocurrencies such as Bitcoin.
- Regulated by Financial Conduct Authority, CySEC
- Min. deposit from $100
- Segregates client funds
- Established in 2001
- Inactivity Fee
A minimum deposit of $100 is required to establish a live account. Alternatively, Admiral Markets provides a demo account via which you may experiment and become acquainted with their platform.
Regulated by the Financial Conduct Authority, UK (FRN: 595450), CySEC (Licence: 201/13), and ASIC (AFSL #AFSL 410681), Admiral Markets places all customer money in separate bank accounts with tier-1 institutions. Admiral Markets was founded in 2001 and has its headquarters in the United Kingdom.
Before we get into the specifics of Admiral Markets’ spreads, fees, platforms, and trading tools, you might want to open their website in a new tab by clicking the button.
Full disclosure: If you join up with a broker through one of our links, we may get a commission.
What are Admiral Markets’s spreads & fees?
Admiral Markets, like most brokers, charges a fee based on the spread, which is the difference between both the buy and sell price of an item.
The commissions and spreads shown here are based on the Admiral Markets website’s minimum spreads.
|Forex||Admiral Markets||City Index||XTB|
|EUR/USD(Average: 0.7 pips)||0.1 pips||0.7 pips||0.1 pips|
|GBP/USD(Average: 1.1 pips)||0.1 pips||1.7 pips||0.1 pips|
|USD/JPY(Average: 1.1 pips)||0.1 pips||0.6 pips||0.1 pips|
|AUD/USD(Average: 0.8 pips)||0.1 pips||0.6 pips||0.2 pips|
|USD/CHF(Average: 2.3 pips)||0.1 pips||2.3 pips||0.2 pips|
|USD/CAD(Average: 2.9 pips)||0.1 pips||0.5 pips||0.3 pips|
|NZD/USD(Average: 3.6 pips)||0.1 pips||2.8 pips||0.3 pips|
|EUR/GBP(Average: 2.4 pips)||0.3 pips||0.5 pips||0.1 pips|
Spreads are dynamic and are provided solely for informational reasons.
Admiral Markets’ minimum spread for trading EUR/USD is 0.1 pips, which is relatively low when compared to the average EUR/USD spread of 0.70 pips. The table below shows how much it would cost to trade one lot of EUR/USD with Admiral Markets vs. other brokers.
How much does Admiral Markets charge for a lot of EUR/USD trading?
If you bought one standard lot of EUR/USD (100,000 units) with Admiral Markets at an exchange rate of 1.1719 and sold it the next day at the same rate, you would most likely pay $9.48. Here is a general summary of the fees and how they compare to IG and XTB.
|Spread from:||$ 1.00||$ 6.00||$ 2.00|
|Total cost of a 100k trade:||$ 1.00||$ 6.00||$ 2.00|
|$5 more||$1 more|
|VISIT ADMIRAL||VISIT IG||VISIT XTB|
All fees/prices are for informational purposes and are subject to change.
What can you trade using Admiral Markets?
Admiral Markets provides over 4000 different trading products, including over 47 currency pairings. We’ve outlined all of Admiral Markets’ numerous types of instruments below, along with IG and XTB’s instruments for comparison.
|FX / Currencies||Admiral||IG||XTB|
|# of forex pairs offered||47||90||48|
|Major forex pairs||Yes||Yes||Yes|
|Minor forex pairs||Yes||Yes||Yes|
|Exotic forex pairs||Yes||Yes||Yes|
|Commodity CFDs||Admiral Markets||IG||XTB|
|# of commodities offered||15||34||21|
|Index & Stock CFDs||Admiral Markets||IG||XTB|
|# of stocks offered||3000||8000||1606|
|SEE ADMIRAL’S INSTRUMENTS||SEE IG’S INSTRUMENTS||SEE XTB’S|
What’s the Admiral Markets trading experience like?
1) Platforms and apps
Admiral Markets is among the few brokers that supports both the MetaTrader 4 and MetaTrader 5 platforms. To discover how the two systems differ, check out our MT4 versus MT5 comparison.
Traders may trade with their preferred device thanks to the mix of downloading platforms for both Mac and Windows.
They now provide mobile apps for Android and iOS, making it easy to monitor and execute transactions while on the go.
2) Executing Trades
Admiral Markets enables you to trade a 0.01 Lot. This may differ based on the type of account you create. You can execute up to 200 Lot trades with them.
Because they provide ECN and STP execution, you may anticipate exceptionally narrow spreads and more transparency over the price you pay to execute your transactions.
Margin requirements, like those of other brokers, vary based on the trader, account, and instrument. The most recent margin requirements may be seen on their website.
Finally, we’ve included a list of some of the most popular funding options available to Admiral Markets traders below.
- Offers STP
- Low min deposit
- Allows scalping
- Allows hedging
- Micro account
- Mini account
- Standard account
- ECN accountDemo account
- Credit cards
- Bank Transfer
3) Client support
English, Spanish, Hungarian, Bulgarian, Czech, German, Dutch, French, Estonian, French, Greek, Latvian, Lithuanian, Moldovian, Croatian, Slovenian, Polish, Russian, Serbian, Romanian, Ukrainian, and Croatian are among the languages supported by Admiral Markets.
4) What you’ll need to open an account with Admiral Markets
Because Admiral Markets is regulated by the Financial Conduct Authority, CySEC, every new customer must complete a few simple compliance tests to verify that you know the implications of trading and that you are permitted to trade. When you establish an account, you will most likely be asked for the following information, so keep it handy:
- A scanned colour copy of your passport, driving license or national ID
- A utility bill or bank statement from the past three months showing your address
You’ll also need to respond to a few basic compliance inquiries to prove your trading expertise, so allow at least 10 minutes to finish the account opening procedure.
While you may be able to browse their platform immediately, it is crucial to note that you will not be able to execute any transactions until you pass compliance, which may take several days depending on your circumstances.
79% of retail investor accounts lose money when trading CFDs with this provider.