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Admirals (Admiral Markets) Review
Swen Keller
- URL: https://admiralmarkets.com/
- Minimum Initial Deposit: $25
- Maximum Leverage: 1:500
- KYC: Yes
- Platform App: Desktop, Mobile, Web
- No. of Tradable Symbols: 2500+
- Available Based Currencies: GBP, EUR, USD, CHF, INR, NOK, DKK, SGD and much more
- Withdraw Method: Credit and debit card (Visa and MasterCard), Skrill, Neteller, cryptocurrency (Ripple, Ethereum, and Bitcoin), Bank wire, and Perfect Money
- Payment Method: Credit and debit card (Visa and MasterCard), Skrill, Neteller, cryptocurrency (Monero, Ethereum, and Bitcoin), Bank wire, and Perfect Money
- Trading Fees: Zero commissions on major forex trading pairs, minimum spread of 0.00001, and typical spread of 0.00008 in USD
- Headquarter: Tallinn, Estonia
- Licenses: FCA, CySEC, ASIC, JSC, CIPC, CMA
- Year Founded: 2001
- Promotion: N/A
Admirals (Admiral Markets) Review: Our Take
Our team’s first-hand exploration of Admirals (Admiral Markets) revealed that it is best for intermediate and advanced traders.
The forex broker is quite limited in its offerings as it supports only MetaTrader and offers just 2500 tradable instruments.
However, it has an industry average leverage size of 1:500 and a low minimum initial deposit.
Important Risk Warning: Investing in and/or trading CFDs, financial instruments, commodities, and other assets involves a significant level of risk. There is a possibility of losing all the funds you have deposited. Prior to engaging in any such activity, it is essential that you fully understand and acknowledge the associated risks. Please be advised that Skrumble.com does not offer investment or any other form of advice. The information provided in our review should not be construed as financial advice in any way.
An Overview of Admirals (Admiral Markets)
Admiral Markets was founded in 2001 in Kesklin, Estonia but is currently headquartered in Tallinn, Estonia.
It was founded by Alexander Tsikhilov and is listed on the Nasdaq Nordic stock exchange.
In 2021, the company changed its brand name from Admiral Markets to Admirals.
Admirals (Admiral Markets) is a broker that facilitates trading CFDs, ETFs, stocks, and forex currencies.
The broker serves users from around the globe excluding some regions like the United States due to regulatory reasons.
Admirals (Admiral Markets) currently has more than 300 employees and offers over 2,500 tradable instruments to its users.
Pros
- Well regulated
- High maximum leverage
- Low minimum deposit
Cons
- Limited tradable instruments
- No sign-up or welcome promotions
Key Features of Admirals (Admiral Markets)
Demo Trading Account
The Admirals (Admiral Markets) demo account allows traders to test their trading strategies and perfect trading before trading Forex and other instruments in the real market.
The Straight-Through Processing (STP) technology of the demo account simulates trading in live markets using real market data. This allows you to trade under realistic market conditions with no risk to your capital.
Trading in the demo account is done with virtual funds.
Aside from practicing how to trade, the demo account also gives you access to several Admirals (Admiral Markets) benefits including access to the MetaTrader 5 trading platform, access to 2 free trading courses free access to regular market analysis, and a constantly growing library of educational articles.
Admirals (Admiral Markets) offers both MT4 and MT5 Forex demo accounts. These platforms are customized for an optimal trading and investing experience.
The Admirals (Admiral Markets) demo account is free.
It however lasts for only 30 calendar days from registration if you do not have a Live account.
If you have a Live account on Admirals (Admiral Markets), this 30-day duration does not apply to you. All you need to do to retain access to the demo account is to ensure your login at least once every 20 days to keep it active.
Tradable Assets on Admirals (Admiral Markets)
Admirals (Admiral Markets) supports the trading of over 2,500 instruments. This includes Forex, Indices, Commodities, Stocks, ETFs, and Cryptocurrencies.
Forex
Admirals (Admiral Markets) supports 80 CFDs on currency pairs. This includes major, minor, and exotic currency pairs. Supported currencies include:
Forex – Exotic Pairs: Admirals (Admiral Markets) offers 54 exotic pairs including AUDDKK, AUDHUF, AUDNOK, AUDPLN, AUDSEK, AUDSGD, CADMXN, CHFDKK, CHFHUF, CHFNOK, CHFPLN, CHFSEK, CHFSGD, EURCZK, EURDKK, EURHKD, EURHUF, EURMXN, EURNOK, EURPLN, EURRUB, EURSEK, EURSGD, EURZAR, GBPCZK, GBPDKK, GBPHUF, GBPMXN, GBPNOK, GBPPLN, GBPSEK, GBPSGD, GBPZAR, HKDJPY, NOKSEK, NZDSGD, SGDJPY, USDBRL, USDCLP, USDCNH, USDCZK, USDDKK, USDHKD, USDHUF etc.
Forex – Major Pairs: There are 5 major pairs available on Admirals (Admiral Markets) these are EURUSD, GBPUSD, USDCAD, USDCHF, and USDJPY
Forex – Minor Pairs: Admirals (Admiral Markets) supports 23 minor pairs. Available minor pairs include: AUDCAD, AUDCHF, AUDJPY, AUDNZD, AUDUSD, CADCHF CADJPY, CHFJPY, EURAUD, EURCAD, EURCHF, EURGBP, EURJPY, EURNZD, GBPAUD, GBPCAD, GBPCHF, GBPJPY, GBPNZD NZDCAD, NZDCHF, NZDJPY, and NZDUSD.
Commodities
Admirals (Admiral Markets) supports a total of 28 tradable commodities.
This includes Agriculture, Metals, Commodity, Futures, and Energies.
Agriculture: There are 7 tradable agriculture products on Admirals (Admiral Markets). This includes ARABICA, COCOA, COTTON, ORANGE.JUICE, ROBUSTA, SUGAR.RAW, and SUGAR.WHITE.
Commodity Futures: There are 11 tradable commodity Futures on Admirals (Admiral Markets). This includes ARABICA_, COCOA_, COPPER_, COTTON_, CrudeOilUK_, CrudeOilUS_, ORANGE.JUICE_, ROBUSTA_, SUGAR.RAW_, SUGAR.WHITE_, and XAU_.
Energies: Admirals (Admiral Markets) offers 3 Energies: BRENT, NATURAL GAS, and US.OIL
Metals: There are 7 metals available for trading on Admirals (Admiral Markets). These are COPPER, GOLD, PALLADIUM, PLATINUM, SILVER, XAUAUD and XAUEUR.
Indices
Admirals (Admiral Markets) supports 20 cash indices and 23 Index Futures.
Cash Indices: Available cash indices include AEX25, AUS200, Canada60, FRA40, GER40, HK50, HSCEI50, JP225, MDAX50, OBX25, SMI20, SouthAfrica40, SPA35, STXE50, TECDAX30, UK100, USA100, USA30, USA500 and USD.indx.
Index Futures: Available Index Futures Include: AUS200_, Canada60_, China50, DUTCH25_, ES_, EURO50_, FRANCE40_, GER40_, GermanyTech30_, HK50_, HSCEI50_, MidCapGER50_, NORWAY25_, Singapore25_, SouthAfrica40_, SPAIN35_, STXE600, SWISS20_, UK100_, US Dollar Index, USNASDAQ100_, Volatility_ and YM_
Stocks
There are over 3,430 Stocks available for trading on Admirals (Admiral Markets). You can sort the available stocks by exchange and country or by industry group.
Admirals (Admiral Markets) supports 134 stocks from Australia, 40 from Belgium, 34 from Denmark, 18 from Finland, 100 from France, 180 from Germany, 188 from Japan, 40 from Netherlands, 29 from Norway, 9 from Portugal, 42 from Spain, 82 from Sweden, 64 from Switzerland, 237 from the UK (LSE), 13 from US (AMEX), 903 from US (NASDAQ), and 1380 from US (NYSE).
Other available stocks include Adelaide Brighton Ltd CFD, AGL Energy Ltd CFD, Allkem Ltd CFD, Ardent Leisure Group Ltd CFD, Aristocrat Leisure Ltd CFD, ALS Ltd CFD, Bapcor Ltd CFD, Bendigo & Adelaide Bank Ltd CFD, Bega Cheese Ltd CFD, BHP Billiton Ltd CFD, Brickworks Ltd CFD, Bank of Queensland Ltd CFD, Beach Energy Ltd CFD, Commonwealth Bank of Australia CFD, Credit Corp Group Ltd CFD, Costa Group Holdings Ltd CFD, Challenger Ltd-Australia CFD, Chorus Ltd CFD, Cochlear Ltd CFD, 888 Holdings PLC CFD, Associated British Foods PLC CFD, Babcock International Group PLC CFD, Barclays PLC CFD, British American Tobacco PLC CFD, Coca-Cola HBC AG CFD, Carnival PLC CFD, Computacenter PLC CFD, Centamin PLC CFD, Diageo PLC CFD, Dechra Pharmaceuticals PLC CFD, Euromoney Institutional Investor PLC CFD, Fidelity China Special Situations PLC CFD, James Fisher & Sons PLC CFD, etc.
Cryptocurrencies
Admirals (Admiral Markets) supports the trading of 21 cryptocurrency pairs with fiat currencies. Available crypto pairs include
ADAUSD, ALGUSD, ATMUSD, BCHUSD, BTCUSD, DGEUSD, DOTUSD, DSHUSD, EOSUSD, ETCUSD, ETHUSD, KSMUSD, LNKUSD, LTCUSD, MTCUSD, SOLUSD, UNIUSD, XLMUSD, XMRUSD, XRPUSD, and ZECUSD.
Bonds
Admirals (Admiral Markets) supports the trading of 2 Bond Futures: 10-year German Bund Futures CFD and 10-year US Treasury Note Futures CFD.
ETFs
Admirals (Admiral Markets) supports the trading of 362 ETFs on its platform.
Just like the Stocks, Available ETFs can be sorted by industry group or by exchange and country.
Available ETFs for trading on the platform include:
- Alerian MLP ETF CFD
- Vanguard Intermediate-Term Bond ETF CFD
- Vanguard Long-Term Bond ETF CFD
- Global X Robotics & Artificial Intelligence ETF CFD
- Vanguard Short-Term Bond ETF CFD
- Amundi MSCI EMU UCITS ETF CFD
- PowerShares DB Commodity Index Tracking Fund ETF CFD
- WisdomTree Europe SmallCap Dividend Fund ETF CFD
- iShares Core Dividend Growth ETF CFD
- First Trust North American Energy Infrastructure Fund ETF CFD
- iShares Gold Trust ETF CFD
- iShares International Select Dividend ETF CFD
- iShares U.S. Home Construction ETF CFD
- VanEck Vectors Oil Services ETF CFD
- PowerShares Optimum Yield Diversified Commodity Strategy No K-1 Portfolio ETF CFD
- LYXOR MSCI USA UCITS ETF CFD
- Vanguard Long-Term Corporate Bond ETF CFD
- VanEck Vectors J.P. Morgan EM Local Currency Bond ETF CFD
- Fidelity MSCI Financials Index ETF CFD
- Schwab Fundamental U.S. Large Company Index ETF CFD
- FlexShares Global Upstream Natural Resources Index Fund ETF CFD
- Global X SuperDividend ETF CFD
- Aberdeen Std Physical Swiss Gold Shares ETF CFD
Admirals (Admiral Markets) Review: Fees
Admirals (Admiral Markets) charges various fees based on the activity carried out on the trading account.
Trading Fees on Admirals (Admiral Markets)
Forex Trading and Trading CFDs
On major forex trading currency pairs, Admirals (Admiral Markets) offers a minimum spread of 0.00001 and a typical spread of 0.00008 with a pip value per minimum contract of 0.1 pips.
There are no commissions charged on major Forex trading pairs.
ETFs
On Electronic Traded Funds, Admirals (Admiral Markets) charges an average of 0.1% commission and a minimum of 1 EUR in commissions.
Shares
For trading Shares on Admirals (Admiral Markets) the forex broker takes an average 0.10% to 0.15% commission on the trade value with a minimum commission of 1 EUR.
Stock CFDs
USD-denominated accounts have 6 free trades each day then are charged USD 0.02 thereafter.
That said, after the 6 free trades each day the minimum commission cost per transaction is USD 1.0.
EUR-denominated accounts have 6 free trades each day and then are charged 0.15 % of trade value with a minimum transaction fee after 6 free trades each day of EUR 1.0
USD-denominated in Europe have 6 free trades each day then are charged 0.15 % of trade value with a minimum transaction fee after 6 free trades each day of USD 1.0
GBP-denominated accounts have 6 free trades each day and then are charged 0.15 % of trade value with a minimum transaction fee after 6 free trades each day of GBP 1.0
CHF-denominated accounts have 6 free trades each day of 0.15 % of trade value with a minimum transaction fee after 6 free trades each day of CHF 1.0
DKK-denominated accounts have 6 free trades each day and then are charged 0.15 % of trade value with a minimum transaction fee after 6 free trades each day of DKK 30.0
NOK-denominated accounts have 6 free trades each day and then are charged 0.15 % of trade value with a minimum transaction fee after 6 free trades each day of NOK 10.0
SEK-denominated accounts have 6 free trades each day then are charged 0.15 % of trade value with a minimum transaction fee after 6 free trades each day of SEK 10.0
EUR-denominated accounts have 6 free trades each day and then are charged 0.1 % of trade value with a minimum transaction fee after 6 free trades each day of EUR 1.0
Internal Transfer
Internal transfers on Admirals (Admiral Markets) between a user’s separate trading accounts accrue fees if they are between accounts with different base currencies. The applicable fees are 1% of the total amount being transferred.
Internal transfers between accounts with the same base currency are free of charge.
That said, internal transfers between a user’s separate wallets, trading accounts, and wallets attract fees as well.
Transfers between wallet, wallet, and Admirals (Admiral Markets) accounts with different base currencies attract a 1% fee of the entire amount transferred after 5 free transfers.
Internal transfers between Admirals (Admiral Markets) wallet and Invest account, Invest account, and Trade accounts attract a 2.99% fee of the entire amount.
However, transfers between wallets and accounts with the same base currency are free of charge.
Additional Fees
Admirals (Admiral Markets) charges an inactivity fee of 10 EUR per month on accounts with no trading activity for more than 23 months and that are not holding any open positions.
This fee is only charged if the user’s account balance is greater than 0.
The forex trading broker also charges a currency conversion fee of 0.30% when users execute trades in stocks, ETFs, and trading CFDs that are quoted in fiat currencies other than the account-based currency.
There are no fees for opening a live or demo account.
Admirals (Admiral Markets) Review: Payment Methods
Admirals (Admiral Markets) supports the following payment methods for global deposits:
Credit and debit Card (Visa and MasterCard Only)
For credit and debit card deposits, Admirals (Admiral Markets) does not charge commissions and fees. But if you’re withdrawing via credit card and debit card you get 1 free withdrawal then 5 EUR/USD per withdrawal thereafter.
Note that debit and credit card deposits are charged in EUR or USD.
So if your debit or credit card is denominated in another currency it’ll be converted at the interbank rate.
Skrill
This deposit method is commission-free and supports the following currencies for funding your Admirals (Admiral Markets) trading account: EUR / GBP / CHF / USD / CAD / INR / MYR / ZAR / COP / AED / AUD / SGD / BRL.
Withdrawals are free for the first one in a month but then you’ll be charged 2% of the total amount subsequently in any of the above listed currencies.
Neteller
Just like Skill, Admirals (Admiral Markets) supports Neteller deposits for the following currencies: EUR / USD / GBP / CHF / CAD / INR / MYR / ZAR / COP / SGD / BRL / CNY / NGN / AUD / AED.
All deposits are free but withdrawals are free just for the first one then cost 2% of the total amount being withdrawn.
Cryptocurrency
You can deposit Bitcoin, Monero, or Ethereum. Withdrawals are free for one per month and then 1% of the withdrawn amount is charged thereafter.
Bank Wire
This Admirals (Admiral Markets) payment method is available for both local and global deposits. There are no commissions or fees for deposits and withdrawals charged.
Admirals (Admiral Markets) Review: Security
Based on our firsthand observations of this broker, we can state that Admirals (Admiral Markets) is a secure broker. It is regulated by several regulatory bodies including the Australian Securities & Investment Commission (ASIC), the Cyprus Securities and Exchange Commission, the Estonian Financial Supervision Authority, etc.
The broker has strict policies regarding the maintenance and operation of client money accounts and adheres to industry standards and regulations. Client funds are segregated from company funds.
Also, on July 1, 2022, the Admirals (Admiral Markets) clients’ funds protection insurance policy for Admirals SC Ltd* was established.
With this policy, clients’ funds have a significantly higher protection level, up to 100,000 USD. More than 99% of all clients are covered by the insurance policy.
Other available security measures and features on Admirals (Admiral Markets) include Volatility Protection, audits by external parties, transmission of all trades to regulated liquidity providers, Negative Balance Protection, etc.
Supported Countries
Admirals (Admiral Markets) is available to users in over 130 countries.
Supported countries include the United Kingdom, Jordan, Kenya, Cyprus, Seychelles, Australia, South Africa, Ghana, etc.
Currently, Admirals (Admiral Markets) does not accept clients from the United States, Canada, and Japan.
It is also not available in jurisdictions where its services are prohibited or restricted.
Licenses Held by Admirals (Admiral Markets)
Admirals (Admiral Markets) SC Ltd is a licensed Securities Dealer registered in the Republic of Seychelles and regulated by the Financial Services Authority of Seychelles.
- Admirals (Admiral Markets) UK Ltd is authorized and regulated by the UK Financial Conduct Authority (FCA)
- Admirals (Admiral Markets) Cyprus Ltd is regulated by the Cyprus Securities and Exchange Commission (CySEC)
- Admirals AU Pty Ltd holds an Australian Financial Services Licence it is also regulated by the Australian Securities & Investment Commission (ASIC)
- Admirals (Admiral Markets) AS Jordan Ltd is regulated by the Jordan Securities Commission (JSC) in the Hashemite Kingdom of Jordan
- Admirals SA (Pty) Ltd is registered in South Africa with the Companies and Intellectual Property Commission (CIPC)
- Admirals KE Ltd is authorized by the Capital Markets Authority (CMA) in Kenya
Opening an Admirals (Admiral Markets) Account
To open an Admirals (Admiral Markets) account go to https://admiralmarkets.com.
Once there, click on the green Start button at the top of the page or tap on the Menu icon and click on the Register button.
On the page that opens your country will be selected automatically, if not hit the menu button and select your country of residence.
Enter your email address and mobile number then create a password.
Your password must contain a capital letter, symbol, or number, and be at least 8 characters (only Latin letters).
To activate your Admirals (Admiral Markets) account, go to your newly registered email address and click on Verify Email.
You’ll be redirected to your Admirals (Admiral Markets) dashboard.
Next, you’ll need to tap the Complete Application button in the middle of the screen.
Choose the Client Type (Individual or Legal).
Go through their terms of agreement and check the box if you agree.
Next, you’ll need to enter your details like First and Last name and country of citizenship.
You’ll also need to enter your residential address details.
Next, affirm that you’re not a citizen of the United States by tapping on the button.
Click Continue.
That’s it! The next step is undergoing KYC verification by uploading your International Passport or Driver’s License.
Once Admirals (Admiral Markets) verifies your ID then you can start using your account.
Different Types of Accounts on Admirals
Admirals (Admiral Markets) offers different account types based on whether you’re using MetaTrader 5 or MetaTrader 4.
MetaTrader 5
With this trading platform, you can sign up for the Trade.MT5 account, Invest.MT5 account, or Zero.MT5 account.
MetaTrader 4
With this account type, you can sign up for Trade.MT4 and Zero.MT4.
Each of these account types offers different features like the Trade.MT5 account offers leverage while the Invest.MT4 does not support margin leverage.
Trading Experience on Admirals
Leveraging our expertise in forex brokers we found that Admirals (Admiral Markets) is an advanced trading platform best for experienced traders.
It is also limited as it only offers MetaTrader 4 and 5 as supported trading platforms and provides access to just 2,500+ tradable instruments.
Different Platforms Used to Trade
Admirals (Admiral Markets) offers only MetaTrader 4 and MetaTrader 5 as trading platforms. It does not offer a proprietary trading app.
Admirals (Admiral Markets) Review: Customer Service
Admirals (Admiral Markets) offers customer support via phone at +44 20 8157 7344 and email at global@admiralmarkets.com. The customer support team can also be contacted via the trading desk number at +3726309306 and the platform also has a well-equipped Help Center.
Customer Satisfaction
From our team’s direct experience with this broker, we can affirm that it is a good trading platform for intermediate and professional traders.
The platform also offers excellent customer support as the team offers helpful service.
There are also lots of educational resources available on the platform.
Does Admirals (Admiral Markets) Offer Education?
Yes, Admirals (Admiral Markets) offers an education center targeted at beginners. It features books, seminars, webinars, and knowledge bases.
Is Admirals (Admiral Markets) Right for You?
Admirals (Admiral Markets) is right for traders looking for a broker that offers MetaTrader 4 and 5 and supports advanced trading tools. That said about 64% of retail investor accounts lose money when trading CFDs with this provider.
Final Thoughts
Admirals (Admiral Markets) offers a straightforward Forex and CFD trading experience and has low commissions on certain assets, but it falls short on trading platforms offering and it is not very beginner friendly.
For an in-depth look at another broker’s offerings, don’t miss our XTB Breakdown.
FAQ
Most frequent questions and answers
Yes, the broker has been on the scene since 2001 with no security or regulatory incident.
Admirals (Admiral Markets) supports popular trading platforms and has a straightforward sign-up process.
The broker is based in Estonia.
Admiral Group AS is the parent company of Admirals (Admiral Markets).
We always try to provide the most accurate information available, and make sure our team follow through.
If you want to know more about our Crypto Exchanges Review Methodology follow the link below
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