Admiral Markets review 2022


Admiral Markets web trading review - Table of contents



Company Information

Forex trading is easy with Admiral Markets. The company is a forex broker offering web trading services on the most popular web trading platforms.

Becoming a client of this broker means you will take advantage of a wide range of products and excellent services as well as great forex trading conditions. All of the products and services are easily accessible on an advanced but user-friendly web trading platform without the need to download anything.

Admiral Markets has been growing since 2001 when the company was founded. Today it has become a preferred forex broker with offices in several big cities and active traders from every corner of the world.

The broker has licenses from several regulatory authorities among which the FCA (UK) and the ASIC (Australia).

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What is Web Trading

Before we dive into this Admiral Markets review let’s take a look at what stands behind the term web trading. Online forex trading takes place on the Internet that requires access to a forex web trading platform.

It is software provided by the foreign currency brokers to their customers to allow them access to the online trading environment. They can log in as a web trader to the financial markets and instruments the broker offers.

The web trading platform can be an online, web-based portal, mobile app, or even a downloadable solution or a combination of these.

The traders use the web trading platform to trade, follow news and make decisions on their next move. The forex web trading platform may contain various features to facilitate the trade like calendars, graphs, etc.

Web Trading Platform

The web trading platform at this broker has no hidden commissions, no restrictions and it’s available for all types of accounts. It is famous for its fast execution of orders and user-friendly interface.

Admiral Markets is a Meta Quotes partner which means the broker offers the full Meta Trader online trading platform suite the MT4, 5, Web Trader, and even the Supreme Edition. These are the leading web trading platforms.

MT4 and MT5

MT4 is a great solution for every beginner web trader while MT5 is a popular choice among experienced users and the MetaTrader Supreme is the online trading platform for veterans.

All the trading platforms are powerful and offer excellent functionality as well as easy to use interface. There is also a web-based trading interface that can be accessed from anywhere in the world and a mobile trading app for those users who like to trade on the go.

Markets and Products

Trading with this broker gives access to more than 3000 global CFD markets for online trading. The broker offers 50+ forex trading pairs, 40+ indices, 30+ cryptocurrencies, indices, bonds, binary options, spread betting commodities, and close to 400 ETFs. This means a great variety of financial instruments to choose from.

Spreads & Fees

This forex broker is known for its low trading costs. Of course, there is a fee that starts from zero pips. Speaking about spreads, the average spreads for the most traded currency trading pairs is between 0.6 and 1 pip and for indices around 1 pip.

There is a 10$ inactivity fee for accounts that have not been used for two years. Also, interest rates for overnight positions; are listed on the broker's website.

The fees are quite competitive when compared to other brokers on the market.

Leverage

The maximum leverage for retail with this online broker is:

  • 1:30 foreign currency trading
  • 1:10 commodities and indices
  • 1:5 stocks, bonds, and ETFs
  • 1:2 cryptocurrencies

On the broker's trading website, traders can find a simple and useful calculator accompanied by details on the call process.

Trading Accounts

Traders can choose among several account options – Zero MT4, MT4, Zero MT5, and Trade MT5. The choice here is between web trading platforms and spreads.

The zero accounts are limited in terms of trading options. There is a $100 minimum deposit for all account types and they all give access to the mobile trading platform. The so-called Trader Room is where users can manage their accounts.

The broker also offers professional accounts for institutional traders as well as Islamic options available on each forex web trading platform.

Deals and Promotions

This broker doesn’t offer any forex bonus or welcome, sign-up bonuses, or deposit offers. Of course, this depends on the broker’s policies but also the jurisdiction users are trading from.

For example, in the EU there is no welcome forex bonus. For upcoming promotions and news check the broker’s trading website.

Deposits and Withdrawals

This online broker offers a great range of deposit options like Visa or Mastercard, Bank transfers, Safety Pay, Skrill, Neteller, PayPal, Przelewy, Klarna, and more.

As already noted the minimum deposit is $100. Payment methods are free, except Neteller and Skrill which charge 0.9%.

As for the withdrawals they can be made using Skrill, Neteller, and PayPal. The withdrawals are instant except for the bank transfer which can take several business days.

Traders can withdraw two times per month for free with a $1 minimum withdrawal. However, there may be additional conversion fees.

Demo Account

Before signing up with this online broker, choosing a forex web trading platform, and opening a live forex account, traders can take advantage of a demo account charged with $10.000 in virtual money.

This practice forex account is accessible from the sign-up page and with it, traders can test the MT4 and MT5 platforms and try trading with different instruments.

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Crypto Trading

Admiral Markets offers traders eight cryptocurrency products to choose from. Some of the competitors have a much wider range of over 20 currency trading products.

The leverage for traders is up to 1:2, while that for professionals can go up to 1:5. Some competitors have it at 1:30. The fees vary per account and currency used.

Copy Trading

Forex copy trading is very popular with beginner traders but not only, but there are also benefits for experienced traders. Both groups can reap the benefits of the decisions and strategies of the pro successful traders by applying their knowledge and techniques.

Copy trading is a shortcut into the world of trading that can be quite helpful. For detailed information on how to start copy trading, visit the broker’s website.

Trader Education

Admiral Markets stands out among other foreign currency trading brokers for its great educational resources for any web trader level.

There are many online webinars covering trading basics, the broker also releases tool demos and other educational materials in different languages.

Additionally, traders also get excellent analytics from reputable sources like Dow Jones News. All of these supporting tools are offered to help traders dive deeper into the field and learn more about investing strategies and analytics.

Regulation and Licensing

Admiral Markets has a very good reputation as a trustworthy broker licensed in many jurisdictions among which the CySEC (Cyprus), The Supervision Board of Estonia and the ASIC (Australia), and the FCA (UK).

The broker keeps client capital in separate accounts in a regulated credit authority where they are segregated from the company's assets. The online broker also has different guarantee and compensation schemes that ensure clients' funds for cases like bankruptcy.

Customer Support

Users can contact customer support via phone, email, live chat, or the contact form. The fastest way to get in touch with an agent is via phone or live chat and that takes only a couple of minutes.

The support team is multi-lingual and can help with most technical questions and closing or deleting an account.

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