Admiral Markets Overview
Admiral Markets is a global online trading provider offering trading services in various financial instruments, including forex, stocks, commodities, and indices. The company was founded in 2001 and is headquartered in Estonia, with offices in various countries around the world. Admiral Markets is regulated by several financial authorities, including the UK Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC). The company offers a range of trading platforms, account types, and educational resources to its clients.
Admiral Markets is a Market Making (MM) broker, which means that it acts as a counterparty to its clients in trading operations. That is, instead of connecting directly to the market, Admiral Markets acts as an intermediary and takes the opposite position to its clients.
Regulatory Status
Admiral Markets is regulated by several respected financial authorities globally, ensuring a secure and compliant trading environment. In Australia, it is regulated by ASIC under the Market Making (MM) model. Similarly, in the United Kingdom and Cyprus, the firm is overseen by the FCA and CYSEC respectively, both also under the Market Making model.
Additionally, it holds a Retail Forex License in Seychelles, further extending its regulatory framework to offshore jurisdictions. However, it's important to note that its BaFin license in Germany has been revoked, which might affect its operations within Germany.
Pros and Cons of Admiral Markets
Advantages:
Wide range of trading instruments and account types to choose from
Flexible maximum leverage options
Multiple payment methods available with varying fees
Comprehensive educational resources for traders of all levels
Customized customer service for different regions and languages
Access to various trading platforms including MT4, MT5, and Webtrader
A variety of trading tools and features such as negative balance protection and free VPS
Disadvantages:
Limited availability in some regions and countries
Commission and fee structures can be complex and vary by payment method and account type
Limited promotions or bonuses offered for new or existing clients
Some account types may require a minimum deposit that could be prohibitive for some traders
Limited customer support availability on weekends
Market Instruments
Admiral Markets offers a diverse range of trading products, encompassing over 8,000 instruments across various asset classes to cater to different investment preferences:
Forex: Provides traders with the opportunity to trade 80 CFDs on various currency pairs, allowing for significant exposure to global currency markets.
Indices: Offers 43 Indices CFDs, which include both cash CFDs and Index Futures, enabling traders to speculate on the movements of major market indices.
Stocks: Features over 3,000 Share CFDs and provides options for investing in thousands of shares directly, catering to equity market participants.
Commodities: Includes CFDs on a variety of commodities such as metals, energies, and agricultural products, offering traders diverse commodity trading options.
Bonds: Allows trading in US Treasuries and Germany Bund CFDs, appealing to those interested in fixed-income securities.
ETFs: Provides access to more than 370 ETF CFDs and numerous other ETFs available through the Invest.MT5 platform, expanding the range of exchange-traded funds available for trading.
Spreads and Commissions
In terms of spreads, commissions, and other costs, there are some advantages and disadvantages among the different account types offered by the broker. The Invest. MT5 and Zero. MT5 accounts offer the advantage of zero spreads, which can help traders to save on costs. Additionally, the Trade. MT5 and MT4 accounts have low spreads, which are also beneficial for traders. The Trade. MT5 and MT4 accounts also offer low commissions on Single Share & ETF CFDs, which is a plus. However, the commissions on Cash Indices and Energies for the Zero. MT5 account are relatively high, as are the commissions on Forex & Metals for this account type. Additionally, the spreads on Trade. MT5 and MT4 accounts are higher than those on the Invest. MT5 and Zero. MT5 accounts. Overall, traders should consider the spreads, commissions, and other costs when choosing an account type that suits their needs.
Trading Accounts available in Admiral Markets
Admiral Markets offers five account types: Trade.MT5, Invest.MT5, Zero.MT5, Trade.MT4, and Zero.MT4. The Invest.MT5 account has the lowest minimum deposit requirement, starting at just $1 USD/EUR/JOD/GBP, and offers the widest range of trading instruments including over 4500 stocks and more than 400 ETFs; however, it does not support leverage trading. Only the Trade.MT5 account offers the option for an Islamic account.
For more detailed differences among the account types offered by Admiral Markets, please refer to the table below:
Trading platform(s) that Admiral Markets offers
Admiral Markets offers a comprehensive suite of trading platforms to cater to various trading needs:
MetaTrader 5 (MT5): Available for Windows, Android, iOS, and Mac, MT5 is a multi-asset platform favored globally for trading Forex, CFDs, exchange-traded instruments, and futures. It features advanced charting tools, automated trading options, and mobile apps that allow trading on the go.
MetaTrader 4 (MT4): Known for its reliability and powerful analytical tools, MT4 is available for Windows and offers advanced trading capabilities in a secure environment. It supports Forex and CFD trading.
Admirals Mobile App: Developed in-house, this mobile app provides a user-friendly interface for trading CFDs on various instruments. Available for mobile devices, it ensures trading accessibility anytime, anywhere.
StereoTrader: An advanced MetaTrader panel that enhances trading with strategic order types, stealth modes, and intelligent automation. It's designed for traders looking for precision and flexibility in their strategies.
Virtual Private Server (VPS) with Admirals: Offers traders the ability to use Admiral's powerful platforms remotely on any device at any time, enhancing trading flexibility and execution speed.
Parallels for macOS: This virtualization solution allows Mac users to seamlessly run Windows applications like MT4 and MT5 directly on their desktops.
Maximum leverage of Admiral Markets
Admiral Markets offers a range of leverage options from 1:10 to 1:1000, allowing traders to select the level that aligns with their strategy and risk tolerance. While higher leverage can amplify profits from smaller investments, it also increases the potential for significant losses.
Deposit and Withdrawal
Admiral Markets AS Jordan Ltd offers straightforward deposit and withdrawal options with various fee structures:
Deposits:
Withdrawals:
Bank Transfer: Allows one free withdrawal per month; subsequent withdrawals incur a fee of 5 JOD / 10 USD / 10 EUR each.
Perfect Money: Includes one free withdrawal per month; additional withdrawals are charged at 1%, with a minimum fee of 1 EUR / 1 USD.
Trading and Additional Fees:
Commissions: Specific rates and values are detailed in the Contract Specifications.
Internal Transfers: Transfers between accounts with the same base currency are free. Transfers between accounts with different base currencies incur a 1% fee, after five free transfers.
Account Opening: Free for both live and demo accounts.
Inactivity Fee: A charge of 10 USD per month applies if no transactions have been executed for 24 months, provided the account balance is positive.
Currency Conversion Fee: A fee of 0.3% is applied to trades in assets quoted in different currencies from the account's base currency, with a minimum of 0.01 units of the base currency.
Educational Resources in Admiral Markets
Admiral Markets offers a robust suite of educational resources suitable for traders of all experience levels. These resources encompass an economic calendar to monitor significant market events, comprehensive market reports, and real-time charts that provide up-to-date market conditions.
Additionally, traders can benefit from a variety of learning formats including video tutorials for practical guidance on trading platforms, interactive webinars and seminars for insights from market experts, as well as eBooks that delve into trading strategies and concepts. A glossary is also available to help traders familiarize themselves with trading terminology, enhancing their understanding of the financial markets.
Customer Service of Admiral Markets
Admiral Markets provides a comprehensive customer care service to its clients worldwide. Customers can contact the company's multilingual customer support through phone or email in their own native language and get personalized assistance.
The company also has regional offices to provide customers with personal assistance. However, the support availability hours are limited, and there is no live chat or social media support available. Also, the company does not offer dedicated support for VIP clients.
Conclusion
Admiral Markets is a well-established online trading broker with over 19 years of industry experience, offering a diverse range of financial instruments, platforms, and account types to traders globally. The broker provides robust tools and educational resources to support informed trading decisions, along with flexible leverage and multiple payment options.
While Admiral Markets stands out for its tailored services across different regions, potential drawbacks include high commissions on certain accounts, a limited selection of cryptocurrencies, and the absence of 24/7 customer support.
FAQs about Admiral Markets
What regulatory bodies oversee Admiral Markets？
Admiral Markets is regulated by ASIC, FCA, CYSEC, and holds a Retail Forex License in Seychelles.
What can I trade on Admiral Markets？
The platform offers forex, indices, commodities, stocks, bonds, cryptocurrencies, and ETFs.
Which trading platforms does Admiral Markets support？
Admiral Markets supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
Does Admiral Markets provide educational resources？
Yes, it offers webinars, seminars, eBooks, and market analysis.
What account types does Admiral Markets offer？
Available accounts include Trade.MT4/MT5 and Zero.MT4/MT5.
Are there fees or commissions at Admiral Markets？
Some accounts have no commissions while others may charge based on the traded instrument.
How can I manage funds in my Admiral Markets account？
Funds can be deposited or withdrawn via bank transfers, credit/debit cards, and e-wallets like Skrill and Neteller.
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