Regulation ASiC , CySEC , FCA
Accepts US Clients: No
Min. Deposit: $250
Leverage: 1:500
Platforms: Admiral Markets Web Trader , Android Trader , Blackberry Trader , iPad iTrader , iPhone iTrader , MetaTrader 4 , MetaTrader 5

Broker Overview

Company Information

Broker’s Name Admiral Markets
Website http://www.admiralmarkets.com/
Headquartered in London
Founded in 2001
Regulating Authority ASiC, CySEC, FCA
US Clients Accepted  No
Telephone Number 44 20 7726 4003
Fax Number 372 6309 304
E-mail Address hello@admiralmarkets.com

Account Options

Type of Broker ECN , Market Maker
Commission No
Mini Account  Yes
VIP Account  No
Segregated Account  Yes
Islamic Account (Swap Free)  Yes
Demo Account  Yes
Institutional Accounts  Yes
Managed Accounts  Yes
Maximum Leverage 1:500
Minimum Deposit $250
Deposit Options Bank Wire Transfer , Credit Card , Debit Card , Neteller , Skrill , Sofort
Withdrawal Options Bank Wire Transfer

Bonus & Rewards

No Deposit Bonus  Yes
Bonus for First Deposit  Yes
Is the Bonus Based on the Volume of the Transaction?  No
Other Bonuses Yes

Trading Platform

Platform Type Admiral Markets Web Trader, Android Trader, Blackberry Trader, iPad iTrader, iPhone iTrader, MetaTrader 4, MetaTrader 5
Platform Languages Multi-lingual
OS Compatibility iOS , Blackberry , Windows , Android
Streaming News Feed  Yes
Trading Signals  No
Automated Trading  Yes
Trade From Charts  Yes
Market Commentary  Yes
E-mail Alerts  Yes
Mobile Alerts  No
Scalping  Yes
Hedging  Yes
Trailing Stops  Yes
Guaranteed Stop Loss  No
Guaranteed Limit Orders  Yes
Guaranteed Fills  No
Interest on Margin  No
One-Click Execution  Yes
OCO Orders  No

Customer Service

Customer Support Languages Multi-lingual
Customer Service Hours 24h
Place Trades Over the Phone?  Yes

Admiral Markets Overview

Established in 2001, Admiral Markets is an international forex broker focusing on providing online trading services for currencies and contract for differences (CFD) on equities, precious metals, market indices and energy to retail traders from around the world.  Their brand “Admiral Markets” is owned by the holding company Admiral Markets Group AS which is based in Estonia. Nevertheless, Admiral Markets operates through its subsidiaries Admiral Markets UK Ltd and Admiral Markets Pty.

As a global operation, Admiral Markets is regulated by financial regulatory agencies such as the Estonian Financial Supervision Authority (EFSA) and UK’s Financial Conduct Authority (FCA).

Admiral-Markets-Overview

Trading Platforms

In terms of trading platforms, Admiral Markets tries to ensure that their traders are given access to state of the art platforms such as the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) developed by MetaQuotes Software Corp. To accommodate the different types of devices and operating systems used by their traders, the MT4 and MT5 platforms are available in the following versions listed below:

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In addition to cater for those who are managing several accounts, Admiral Markets have also made available the MT4 MultiTerminal platform that lets account managers log on to as many as 128 different accounts simultaneously.

Admiral-Markets-Overview2

Main Features

One of the main features of Admiral Markets that is truly outstanding, is their analytics. Committed to ensuring that their traders have at their disposal all the necessary information they need to make an informed trading decision, Admiral Markets have taken the initiative to invest in providing their traders with quality fundamental analysis, technical analysis, wave analysis, forex calendar and a unique heat map which gives a birds eye view about the market conditions.

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As for trading education for beginner traders, Admiral Markets have made available a series of free webinars on the forex market. These webinars are covered by highly qualified experts on areas such as basic knowledge about the forex market, market analysis, technical tools and trading strategies. In fact, their educational package is by far the most comprehensive that is offered free by forex brokers in the industry.

 

Account Types

There are 3 types of trading accounts available for traders to choose from at Admiral Markets. They consist of Admiral Markets standard account (minimum deposit £150, €200, $250), Admiral Prime account (minimum deposit £1000, €1000, $1600) and Admiral MT5 account (minimum deposit £1000, €1000, $1600).

 

With the Admiral Markets standard account, traders can trade with 32 different forex pairs and 48 different types of assets for CFDs. The leverage for forex is at the ratio of 1:500. For Admiral Prime trading account, traders have access to 45 forex pairs and 3 spot metal CFDs. With the Admiral MT5 trading account, traders can only trade with 26 forex pairs and 2 spot metal CFDs. The leverage for the Admiral Prime and Admiral MT5 trading accounts is at 1:200 and 1:100 respectively.

Account Comparison

Below is a table showing the all main differences between the 3 types of account offered by Admiral Markets:

 

Account Types

Admiral.Markets

Admiral.Prime

Admiral.MT5

Minimum Deposit

($250/£150/€200/ SFr)

($1600/£1000/€1000/ SFr1500)

($1600/£1000/€1000/ SFr1500)

Trading Instruments

Forex 32

CFDs 48

Forex 46

CFDs 3

Forex 26

CFDs 2

Forex Leverage

1:25 – 1:500

1:50 – 1:200

1:100

Spreads (pip)

0.8↑

0↑

0.2↑

Limit/Stop Level (pip)

N/A

N/A

N/A

Forex Commission

N/A

$35 per 1 million of notional value

0.003% of volume traded

Forex Tick Size

5 decimal places

5 decimal places

5 decimal places

Execution Type                                Market Execution

Market Execution

Market Execution

Requotes

N/A

N/A

N/A

Minimum Order (Forex)

0.01 (0.01)

0.1 (0.01)

0.1 (0.01)

Maximum Order (Forex)

100 (100)

200 (200)

50 (50)

Maximum Open & Pending Orders

200

200

500

Stop Out

30%

50%

30%

Hedging

Yes

Yes

No

Platform

MT4

MT4

MT5

Mobile Trading

iOS/Andorid

iOS/Andorid

iOS/Andorid

Expert Advisors

Yes

Yes

Yes

MT Supreme Add on

Yes

Yes

No

One Click Trading

Yes

Yes

Yes

Real Time News

Yes

Yes

Yes

Economic Calendar

Yes

Yes

Yes

Autochartist

Yes

No

No

Finally, a demo account with a virtual balance of $10,000 is also available should prospective traders want to test out Admiral Markets’ services first without having to risk any real money.

Economic Calendar

To assist traders in planning their trades properly, Admiral Markets has also provided them with a comprehensive economic calendar detailing all the key events and announcements that could affect the financial markets. This is tool which all financial traders should not do without.

 

Commission & Spreads

As can be seen from the specification of the different types of trading accounts offered by Admiral Markets, the minimum spreads start from 0.2 pips (Admiral MT5) and 0.8 pips (Admiral Markets standard). There is also a small commission charge levied on trades made thorough the Admiral Prime ($35 per million notional value) and Admiral MT5 (0.003% of trading volume) trading accounts.

 

Customer Support

Customer support at Admiral Markets is done via email, web contact form, live chat and the telephone. The support services are provided on a 24 hours basis (limited to business days) through live chat and are in English and Russian.

 

Licenses & Regulations

As for regulatory oversight, Admiral Markets UK comes under the jurisdiction of the UK’s Financial Conduct Authority (FCA) under the Firm reference number (FRN): #595450. Its sister company, Admiral Markets AS (Estonia), on the other hand is regulated by the Estonian Financial Supervision Authority (EFSA) and complies with the rules and regulations under the European Union (EU) Markets in Financial Instruments Directive (MiFID).

 

Pros

  • Comprehensive Education and Analytics
  • Flexible Trading accounts
  • International presence
  • Licensed Broker
  • Multi-lingual Customer Support
  • State-of-the-art Trading Platforms

 

Cons

  • No Web based Trading Platform

 

Conclusion

From our observations, what makes Admiral Markets really stand out from their competitors is the effort which this broker has made in developing a top notch online trading education package. In fact, it comes as no surprise that Admiral Markets managed to bag 2 awards for their efforts from the financial magazine Financial Review Smart Investor under the category of “Best of Forex for Novice Traders” and “Best of Forex for Experienced Traders” for 2013.

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