Admiral Markets Forex Broker

What is Admiral Markets?

Admiral Markets was founded in 2001 and is a forex and CFD broker with successful operations in various countries worldwide. It offers multiple financial instruments that can be traded on the MT4 and MT5 trading platforms. The company’s headquarters are in Tallinn, Estonia, although it has offices in several other cities, such as London and Zagreb.

Admiral Markets is fully regulated by the UK Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), as well as the Cyprus Securities and Exchange Commission (CySec).

What Can I Trade on Admiral Markets?

Admiral Markets enables you to trade:

Forex

Commodities

Indices

ETFs

Bonds

Digital Currencies CFDs

Major instruments include:

EUR/USD

Gold

Crude Oil

Dax30

#BMW

The company offers clients over 7,500 assets. Clients gain exposure to the forex market with 49 currency pairs. There are 27 commodity CFDs and 32 cryptocurrency pairs with excellent diversification opportunities available. 396 ETFs compliment the 3,398 equity CFDs and 43 indices which provide proper cross-asset diversification. There was an effort for another asset class to be added to the broad selection which is evident with two bond CFDs.

There are also 4 account types for clients to choose from: Trade.MT4, Zero.MT4, Trade.MT5, and Zero.MT5. Stocks and cryptocurrencies are not offered with the zero spread accounts. Leverage up to 1:30 is offered, which is available across all accounts and the minimum deposit is $100. The swap-free Islamic account is available once requested, same with Admiral Markets Pro account. STP/ECN accounts are not provided. However, there is the ability of a demo account with $10,000 in virtual funds so that traders can practice on the MT4 and MT5 platforms.

Admiral Markets Pricing

There is a combination of spreads and commissions accounts for the biggest percentage of revenues earned by Admiral Markets. There are two distinct account types with different pricing structure. The first one is a commission-free account with higher spreads for currency pairs and the second one has a lower spread for a fee. Equity CFDs and ETFs include a commission. Since there are numerous assets covering a wide range of markets, each group has a unique price.

Examples of fees are displayed on the Admiral Markets website which is fully transparent regarding this sector. All relevant information can be directly accessed from inside the trading platforms. Monthly trading volume within a trader’s account will determine commission charges. After being inactive for 24 months, a monthly fee of €10 will be applied. Deposit and withdrawal fees may apply.

Education and Research

Admiral Markets offers a broad range of research and educational material irrespective of one’s level of expertise for both for beginners and professionals. Among others, webinars and educational books in different languages are provided.

Its Premium Analytics service is free of charge and it is offered to customers to ensure they can access Dow Jones News’ calendar, Trading Central signals, and sentiment widgets from Acuity Trading.

There are some other tools offered including: Heat Maps, Market Sentiment indicators, the Cryptocurrency Bubble-O-Meter, and an economic calendar.

Pros

*Good updates for MT4 and MT5Options and FX trading

*Advanced markets trading and MetaTrader platform suite

*Good regulation and market analysis

Cons

*Lacks daily and in-depth market analysis and research

*Customer service not very responsive

*Inactivity fee