History and Establishment
Admired as Admiral Markets, formerly named Admirals, was conceptualized in 2001, growing to be among the most reputable brokers in the realm of financial services. A history of over 20 years of skills enables Admirals to provide trading and investment services to retail and institutional clients alike.
Mission and Vision
Admirals are dedicated to providing affordable and transparent trading solutions that help investors fulfill their financial goals. Their vision is to become a global leader in financial services where innovation and high-quality education and support entwine.
Global Operations
The broker has expanded its operations to more than 130 countries where it offers multilingual customer service operations.
Strengths and Drawbacks
Key Strengths
- Low forex CFD fees
- Free and fast deposit and withdrawal
- Straightforward account opening
Weaknesses
- Product portfolio limited mostly to CFDs
- Inactivity fee
- No 24/7 customer service
Security and Regulations
Licenses
Admirals is under the jurisdictions of the Financial Conduct Authority (FCA) in the United Kingdom, Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), and EU Financial Supervisory Authority (EFSA), ensuring safety from fraud.
Segregated Funds and Insurance
Client funds are held in segregated accounts with premium banks, and negative balance protection and investor compensation schemes are in place to meet regulatory authorities' specifications.
Tradable Instruments
Pairs in Forex
Over 50 forex pairs can be traded on major and minor currencies or on rare foreign exchange, and the trading range is marked by productive and broad liquidity.
Commodities
Gold, silver, crude oil, and natural gas are some among the range of commodities to trade at Admirals for broader exposure.
Indices
The most influential of all exchanges, with NASDAQ, S&P 500, FTSE 100, DAX, and other significant indices represented.
Cryptocurrencies
Bitcoin trading with the leader, Ethereum, and competitive trading conditions in Ripple are at their best at Admirals.
Company Stocks and ETFs
Buy international companies and exchange-traded funds (ETFs) in the US, Europe, Asia, and other global marketplaces.
Account Types
Trade
| Minimum deposit | 0 |
|---|---|
| Commission | 0.5 |
| Available tools | 0 |
| Leverage, min | 1:10 |
| Leverage, max | 1:500 |
| Margin call level | 100 |
| Stop-out level | 20 |
Invest
| Minimum deposit | 0 |
|---|---|
| Commission | 0.0 |
| Available tools | 0 |
Zero
| Minimum deposit | 0 |
|---|---|
| Commission | 0.0 |
| Available tools | 0 |
| Leverage, min | 1:10 |
| Leverage, max | 1:500 |
| Margin call level | 100 |
| Stop-out level | 20 |
Charges and Fees
Spread and Commission
On Trade accounts, spreads start at 0.5 pips. However, on Zero accounts, they are raw and start at 0.0 pips with associated commissions from at least $1.8 per lot.
Swap Rates
Swap fees apply in an overnight position. The swap-free trading facility is also available with Islamic accounts.
Inactivity Fees
Admirals charge inactivity fees at a rate of €10 per month after 24 months of inactivity.
Platforms
MetaTrader 4
MT4 is supported by Admirals and includes advanced charting tools and automated trading capabilities along with more technical indicators than ordinarily available.
MetaTrader 5
An expansion of the features on MetaTrader 4, the advent of MetaTrader 5 offers a better experience of timeframes, indicators, and tradable instruments.
Mobile Trading Apps
Powered by a modern design, Admirals also supports iOS and Android while granting the trader permission to operate the account with full real-time updates.
WebTrader
In WebTrader, traders can carry out trading directly from their web browser without installing it. It also offers a seamless and user-friendly interface.
Customer Support
How to Register
Get registered with Admirals by filling in the online form found on its website to launch your proposed account by selecting your preferred account type, and then submit the documents listed for verification.
What Needs to be Verified
The registration requires ID provision such as passport details or government-issued ID, together with proof of address (utility bill or bank statement), in compliance with an acceptable KYC standard.
Deposit and Withdrawal
Methods of Payment
It endorses multiple payment methods such as bank transfers, credit/debit cards as well as electronic wallet payments such as Skrill, Neteller, and PayPal.
Processing Time
It generally takes only minutes for the client's side of a deposit to be reflected. Withdrawals shall take from 1-3 days, based on the payment method being used.
Fees Associated
While most deposits are free, there could be a withdrawal fee applicable in select cases. Check the brokerage site for further details.
FAQs
Is the broker regulated?
With FCA, CySEC, ASIC, and EFSA, Admirals are regulated, thus providing a secure trading environment.
Which trading platforms are available?
Available platforms include MetaTrader 4, MetaTrader 5, and WebTrader, in addition to mobile trading apps.
The lowest possible amount of initial transaction needed in order to open an account.
For most accounts, $100 is the amount needed for opening.
What kinds of accounts do they offer?
Admirals provides Trade.MT4/MT5, Zero.MT4/MT5, Invest.MT5, as well as demo accounts.
What are the fees and commissions charged?
These include spreads, commissions on Zero accounts, swaps on overnight positions, and inactivity fees after 24 months of dormancy.
What's the highest leverage offered by Admirals?
Leverage for retail clients can only go as high as 1:30, as per ESMA regulations. Professional clients are entitled to higher leverage.
Do they offer inside demo accounts?
Yes, Admirals provide clients with virtual demo accounts that allow risk-free trading.
How to contact client support?
It is all taken care of by email, phone, and live chat during market sessions.