Admiral Markets is a leading online financial service provider that allows clients to trade or invest in over 4,000 financial instruments across different asset classes, including Forex, CFDs, equity indices, commodities, cryptocurrencies, shares, ETFs, and bonds. The award-winning retail broker uses top-notch technology to provide clients with the most transparent trading experience.

In this broker review, we will pay attention to the critical aspects of Admiral Markets, which you may need to consider before deciding whether to trade with this online brokerage.

Key Pros and Cons

First, let us briefly look at Admiral Markets’ advantages and disadvantages.

Key Pros

  • Reputable trading broker with multiple regulatory licenses
  • Sophisticated trading platforms: MT4 and MT5
  • Over 4,000 trading instruments
  • Some useful trading tools
  • A good selection of learning resources
  • Competitive commission fees
  • Tight spreads
  • Lightning-fast trade execution speeds
  • Low minimum deposit amount, starting from just $1
  • Knowledgeable client support team

Key Cons

  • No USA clients
  • $10 monthly inactivity fee

Company Information

2001

The establishment

Admiral Markets was launched in 2001 under the Admirals trademark. The brokerage is built on the core values of transparency and ultra-fast trade execution. It provides traders with advanced trading platforms, including the MT4 and MT5 trading platforms, which are available in desktop, web, and mobile versions. The broker also offers a custom MetaTrader Supreme Edition suite for MT4 and MT5 — which extend functionality to an unparalleled level — for free. The broker is headquartered in Sydney, Australia, and has several offices in the United Kingdom, Cyprus, Estonia, Jordan, and Seychelles. It has a low minimum deposit requirement — starting from just $1.

2021

Award-winning Brokerage Firm

Award-winning Brokerage Firm with Multiple Regulations and a Global Presence. Since its inception in 2001, the Admirals Group has continued to grow and expand into different regions. Today, the broker has an active presence in many countries around the globe, serving clients in 130 countries worldwide. Over the last 20 years, Admiral Markets has enabled millions of satisfied individuals to structure and manage investments in a safe, secure, and simplified way. During this period, the broker has received over 20 industry awards for its excellent services.

Admiral Markets offers a wide array of trading accounts, allowing traders and investors to choose the most suitable way to approach the market and also access favorable trading terms at competitive fees. The broker offers competitive trading conditions, including tight spreads, competitive commission fees, speedy trade executions, leverage of up to 1:500, and more.
Admiral Markets Group is comprised of the following corporate entities with their respective regulated offices:

  • Admiral Markets UK Ltd, regulated by the FCA: office address: 37th Floor, One Canada Square, Canary Wharf, London, E14 5AB, United Kingdom.
  • Admiral Markets Cyprus Ltd, regulated by the CySEC: office address: Dramas 2, 1st floor, 1077 Nicosia, Cyprus
  • Admiral Markets Pty Ltd, regulated by the ASIC: office address 1/17 Castlereagh Street Sydney NSW 2000
  • Admiral Markets AS Jordan Ltd, regulated by the JSC: office address: First floor, Time Centre Building, Eritrea Street, Um Uthaina, Amman, Jordan.
  • Admiral Markets AS, regulated by the EFSA: office address: Tallinn, Estonia
  • Aglobe Investments Ltd, regulated by the FSA: office address: Seychelles

Note that Admiral Markets does not offer its services to residents of specific areas, such as the United States of America.

Why Trade with Admiral Markets?

Let us now provide a quick list of the key features that we like about Admiral Markets.

AspectWhat we like
RegulationReputable broker, regulated in multiple jurisdictions by some of the most popular financial regulators: FCA, ASIC, CySEC, FSA, JSC, and EFSA
PricingTight spreads and fair commissions
ExecutionSTP execution with no dealing desk intervention. This offers Direct Market Access (DMA) by routing clients’ orders directly to its liquidity pool. Thus, orders are filled at the best possible price, with only a small mark-up spread.
TradingOver 4,000 trading instruments across different asset classes, including Forex pairs and CFDs on indices, commodities, cryptocurrencies, shares, ETFs, and bonds.
PlatformsMT4/MT5 trading platforms and various advanced trading tools.
Customer SupportResponsive client support team who are available 24/7 and can be reached via various contact channels: telephone, email, and more.

Regulation

Admiral Markets Group consists of affiliated brokerage firms that are authorized and regulated in various jurisdictions.

In the United Kingdom, Admiral Markets UK Ltd is authorized and regulated by the Financial Conduct Authority (FCA), with the registration number 595450. The FCA is a tier-1 financial regulator.

In the EU region, Admiral Markets is registered in Cyprus as Admiral Markets Cyprus Ltd, with a company registration number 310328. Admiral Markets Cyprus Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) with the license number: 201/13.

The Australian arm of Admiral Markets is known as Admiral Markets Pty Ltd, with the registration number: ABN 63 151 613 839. It holds an Australian Financial Services Licence (AFSL) to carry on financial services business in Australia, and it is limited to the financial services covered by its AFSL no. 410681.

In the Hashemite Kingdom of Jordan, Admiral Markets operates as Admiral Markets AS Jordan Ltd, which is authorized and regulated to conduct investment business by the Jordan Securities Commission (JSC) with the registration number 57026.

Admiral Markets AS is licensed and authorized by the Estonian Financial Supervision Authority (EFSA license No.: 4.1-1/46) for main investment and brokerage activities in the European Union and European Economic Area (EEA) cross-border basis.

Admiral Markets’ international operations are handled by Aglobe Investments Ltd, which is licensed by the Financial Services Authority of Seychelles (FSA) as a securities dealer in Seychelles under license number SD073. This entity serves clients from different parts of the world.

A breakdown of the various regulatory regimes is presented below.

FlagRegionEntityAuthorityLicense
United KingdomAdmiral Markets UK LtdFinancial Conduct Authority (FCA)Registration number 595450
EUAdmiral Markets Cyprus LtdCyprus Securities and Exchange Commission (CySEC)License number: 201/13
AustraliaAdmiral Markets Pty LtdAustralian Securities & Investments Commission (ASIC)AFSL No. 410681
JordanAdmiral Markets AS Jordan LtdJordan Securities Commission (JSC)Registration number: 57026.
European Economic Area (EEA)Admiral Markets ASEstonian Financial Supervision Authority (EFSA)License No.: 4.1-1/46
InternationallyAglobe Investments LtdFinancial Services Authority of Seychelles (FSA)License number: SD073

The broker’s regulation in multiple jurisdictions — ASIC, FSA, FCA, JSC, and EFSA — provides it with a solid regulation status.

However, CFTC regulation is absent; therefore, Admiral Markets cannot provide its services to citizens or residents of the United States.

Regulation

  • Multi-jurisdiction regulation develops trust
  • Absence of CFTC regulation

KYC Procedure for Account Creation and Depositing

Creating an account with Admiral Markets is straightforward and can be completed in less than 5 minutes. However, it may take up to 24 hours to get your trading account verified. Generally, the entire account creation process complies with the industry-standard procedure, which follows these steps:

  1. Creating your secure login: You enter a valid email and choose a password.
  2. Completing the application form with your details: You input your names, date of birth, city of residence, address, postcode, and phone number.
  3. Choosing your trading account: You choose your preferred trading platform and account type (Trade, Invest, or Zero Account).
  4. Checking your suitability status: The broker will ask you to disclose information about your employment status and sources of income, as well as your trading experience. If you are approved based on your answers, you can proceed to the next step of the process, but if any of your answers do not match the broker’s internal requirements, your application will be rejected.
  5. Agreeing to the terms: You will have to tick the box at the bottom of the account registration form to indicate that you agree to Admiral Markets’s Terms and Conditions.
  6. Verifying your documents: You provide your proof of ID (Passport, national ID card, or Driver’s License) and proof of residency (utility bill or bank account statement that is less than three months) for Admiral Markets to verify your account.

While the account creation is swift (can be completed within 5 minutes), it may take up to 24 hours to verify your trading account. After verifying your account, you will have to fund it using any of the available payment methods before you can start trading.

Account Opening

  • The sign-up process is fast (within a few minutes)
  • Sign up includes a suitability test
  • Account verification is required

Account Types

Admiral Markets offers a choice of five live trading account options. The account types are denominated in multiple currencies, including AUD, USD, GBP, EUR, SGD, CAD, NZD, JPY, and HKD. Traders can choose the account that best suits their individual needs and trading style. The account options at Admiral Markets are tied to either MetaTrader 4 or MetaTrader 5 — so, they are MT5 Trade, MT5 Invest, MT5 Zero, MT4 Trade, or MT4 Zero accounts. Interestingly, all the available account options have favorable trading conditions to help traders get the best trading experience. Therefore, traders are expected to carefully evaluate the various account options to choose the one that suits them.

MT5 Trade Account

This account option is available on the MT5 trading platform. It requires a minimum deposit of 100 USD or the equivalent in AUD, EUR, GBP, or SGD. Users of the MT5 Trade account can trade multiple financial assets, including 2 Bond CFDs, over 300 ETF CFDs, 3,350+ Stock CFDs, 19 Cash Index CFDs, 11 Commodity Futures, 24 Index Futures CFDs, 7 Agriculture CFDs, 3 Energy CFDs, 5 Metal CFDs, 32 Digital Currency CFDs, and 39 forex pairs. The MT5 Trade account offers leverage of 1:20 to 1:30 on Forex and 1:10 to 1:20 on indices for retail clients. Spreads start from 0.5 pips. There are competitive commission fees from 0.02 USD per share on Single Share and ETF CFDs, but no commission fees are charged on other financial instruments.

Other essential features of the MT5 Trade account include the following:

  • Market execution and no requotes
  • Minimum order size of 0.01 lots on Forex
  • Maximum order size of 100 lots on Forex
  • Maximum open and pending orders of 500 lots
  • Stop out at 50% for retail clients
  • Negative balance protection
  • Islamic Account option
  • Access to Expert Advisors
  • MetaTrader Supreme Edition Add-on
  • One-Click trading enabled
  • Volatility Protection Settings enabled
  • Market Depth with Level II pricing
  • Market News and Analysis from the Dow Jones
  • An economic calendar
  • A trading center

MT5 Invest

The MT5 Invest account is the cheapest live trading account option at Admiral Markets; it has a minimum deposit of $1 or the equivalent in other currencies — AUD, EUR, and GBP. The account is specially designed for trading stocks and ETFs; it allows users to invest in over 4,350 stocks and 200 ETFs. The account offers tight spreads that start from 0.0 pips and fair commission fees — from 0.02 USD per share on stocks and ETFs.

Other essential features of the MT5 Invest account include:

  • Exchange execution
  • Maximum open and pending orders of 500 lots.
  • MetaTrader Supreme Edition Add-on.
  • One-Click trading
  • Volatility Protection Settings
  • Market Depth with Level II pricing
  • Market News and Analysis from the Dow Jones
  • An economic calendar and a trading center.

MT5 Zero

The MT5 Zero account has similar features to the MT5 Trade, except that the latter offers tighter spreads as low as 0.0 pips. Like the MT5 Trade account, the Zero account has a minimum deposit requirement of $100. It allows users to trade up to 45 Forex pairs, three metal CFDs, 10 Cash Index CFDs, and 3 Energy CFDs. The account offers leverage of 1:20 to 1:30 on Forex and 1:10 to 1:20 on indices for retail clients.

The commission fees range from 1.8 to 3.0 USD per 1.0 lot per side on Forex and metals, 0.05 to 3.0 USD per 1.0 lot per side on cash indices, and 1 USD per 1.0 lot per side on energies.

MT4 Trade Account

This is the MT4 trading platform’s version of the MT5 Trade account. As the name suggests, the MT4 Trade account is available on the MT4 trading platform, and it has a minimum deposit of 100 USD or the equivalent in AUD, EUR, GBP, or SGD. The MT4 Trade account offers access to a wide variety of trading instruments, including 2 Bond CFDs, 78 Stock CFDs, 16 Cash Index CFDs, 3 Index Futures CFDs, 3 Energy CFDs, 4 Metal CFDs, 5 Digital Currency CFDs, and 37 currency pairs. It offers leverage of 1:20 to 1:30 on Forex and 1:10 to 1:20 on indices for retail clients. Traders enjoy low spreads that start from 0.5 pips and fair commission fees — 0.01 USD per share on Single Share and ETF CFDs. No commissions on other financial instruments.

Other features of the MT4Trade account include the following:

  • Market execution and no requotes
  • Minimum order size of 0.01 lots on Forex
  • Maximum order size of 100 lots on Forex
  • Maximum open and pending orders of 500 lots
  • Stop out of 50% for retail clients
  • Negative balance protection offered
  • Islamic Account option
  • Access to Expert Advisors
  • MetaTrader Supreme Edition Add-on.
  • One-Click trading is enabled
  • Volatility Protection Settings
  • Market Depth with Level II pricing
  • Access to Market News and Analysis by the Dow Jones, an economic calendar, and a trading center.

MT4 Zero

The MT4 Zero account has similar features to the MT5 Zero, so it offers tighter spreads that start from 0.0 pips. The minimum deposit required to start trading on the MT4 Zero account is $100, or the equivalent in other currencies, such as AUD, EUR, GBP, and SGD. It allows users to trade multiple financial instruments, including 45 forex pairs, three metal CFDs, 10 Cash Index CFDs, and 3 Energy CFDs. Leverage of 1:20 to 1:30 on Forex and 1:10 to 1:20 on indices for retail clients. There are commission fees that range from 1.8 to 3.0 USD per 1.0 lot per side on Forex and metals, 0.05 to 3.0 USD per 1.0 lot per side on cash indices, and 1 USD per 1.0 lot per side on energies.

FeatureMT5 TradeMT5 InvesMT5 ZeroMT4 TradeMT4 Zero
44 FX pairs
45 FX pairs
CFDs on major indices, commodities, metals, and bonds
ECN Execution
Minimum account balance$100$1$100$100$100
Web and desktop platforms, MT4 and mobile apps
Unlimited free wire transfers
No requotes
Negative balance protection
Fully automated execution
24/7 support
Variable contract sizes (as low as 1 unit)
Joint account
Corporate account

Islamic Account (Swap-Free)

Admiral Markets offers swap-free trading on all the available account options for Muslim clients who cannot receive or pay swaps due to religious beliefs. This account option does not incur any swaps or interest charges on overnight positions, but the account holder is charged an administration fee on trading positions.

Demo Account

The broker provides traders with MT4 and MT5 demo account, which traders can use to practice their trading strategies without risking real money. The demo account always comes preloaded with virtual money for practice purposes.

Pro Account

The PRO account offers leverage up to 1:500, loyalty programs, and a greater degree of flexibility. It is available only to Wholesale Clients who meet the eligibility requirements:

  • Net assets of at least 2.5 million AUD
  • A gross income for each of the last two financial years of at least 250,000 AUD per annum
  • Minimum of 20 qualifying trades (each worth 20,000 AUD on equities or 50,000 AUD on forex, indices, and commodities) trades per quarter for any 4 quarters in the last 5 years

Account Types

  • Five major live account options
  • Account options are platform dependent
  • Islamic Account available
  • Demo Account available

Trading fees and other costs

Every trader should always consider a broker’s trading fees and other costs before making a trading decision. As a CFD and forex broker, Admiral Markets charges two types of trading fees, namely:

  • Trading costs – spreads, commissions, and overnight financing rates;
  • Non-trading costs – account management fees, deposit and withdrawal fees, non-activity fees.

Let us take a quick look at the trading fees that are available at Admiral Markets.

Costs/feesWhat is this?with Admiral Markets
SpreadsThe cost is incorporated into the price of what you trade. A wider bid-ask spread means higher costs.
  • MT5 Trade: start from 0.5 pip
  • MT5 Invest: start from 0.0 pip
  • MT5 Zero: start from 0.0 pip for EUR/USD
  • MT4 Trade: start from 0.5 pip
  • MT4 Zero: start from 0.0 pip for EUR/USD
CommissionA flat fee paid per position is often used as an alternative to charging via the spread.
  • MT5 Trade: Charges 0.02 USD per share on Single Share and ETF CFDs. No commission fees are charged on other financial instruments.
  • MT5 Invest: It starts from 0.02 USD per share on stocks and ETFs.
  • MT5 Zero: it starts from $0.05 to $3 per lot per side ($4 round trip)
  • MT4 Trade: It starts from 0.01 USD per share on Single Share and ETF CFDs. No commissions on other financial instruments.
  • MT4 Zero: It starts from $0.05 to $3 per lot per side ($6 round trip).
Financing chargesThe cost of holding a position active overnight.The broker will not charge an extra fee on top of standard swap rates.
Deposit feesFees charged by the broker to fund your account.None
Withdrawal feesFees charged by the broker to withdraw money from your account.None
Inactivity feesFees charged on dormant trading accounts.None

Spreads

Admiral Markets offers low spreads on all its account types as follows:

  • MT5 Trade Account — Spreads start from 0.5 pips with no commissions
  • MT5 Invest Account — Low spreads (starting from 0.0 pips) and a commission fee of 0.02 USD per share per side on stocks and ETFs.
  • MT5 Zero Account — Tight spreads (starting from 0.0 pips) + a commission of $6.0 per round turn.
  • MT4 Trade Account — Spreads start from 0.5 pips with no commissions
  • MT4 Zero Account — Tight spreads (starting from 0.0 pips) + a commission of $6.0 per round turn.

Let us take a look at the average spreads offered on the three account types:

InstrumentMT5 Trade AccountMT5 Zero AccountMT4 Trade AccountMT4 Zero Account
EUR/USD0.8 pip0.1 pips0.8 pips0.1 pips
GBP/USD1.0 pips0.1 pips1.0 pips0.1 pips
USD/JPY1.0 pips0.1 pips1.0 pips0.1 pips

Now, let us compare the trading costs of some of the account types. We will consider a 1 Lot trade on EUR/USD (one pip movement equals $10) and assume that the trade is opened and closed at the same price. By using the average spreads, the trading costs for the three accounts will be:

MT5 Trade Account
  • Spread – 0.8 pip
  • TOTAL COST – 0.8 x $10 = $8.00 per side and $16.00 per round turn
MT5 Zero Account
  • Spread – 0.1 pips
  • Spread cost – 0.1 x $10 = $1.0 per side and $2 per round turn
  • Commission – $6.0 per round turn
  • TOTAL COST – $2.0 + $6.0 = $8.0 per round turn
MT4 Trade Account
  • Spread – 0.8 pips
  • TOTAL COST – 0.8 x $10 = $8.00 per side and $16.00 per round turn
MT4 Zero Account
  • Spread – 0.1 pip
  • Spread cost – 0.1 x $10 = $1.0 per side and $2 per round turn
  • Commission – $6.0 per round turn
  • TOTAL COST – $2.0 + $6.0 = $8.0 per round turn

From the above, we can notice that the account options with lower spreads have higher commission fees to compensate the broker. Nonetheless, the MT5 Zero and MT4 Zero accounts seem to be the cheapest.

Finally, let us compare Admiral Markets Standard Account average spreads with those other major brokerages offered on the three most actively traded Forex pairs.

InstrumentAdmiral MarketsIC MarketsFusion MarketsIG Markets
EUR/USD0.80.620.890.7
GBP/USD1.00.830.960.9
USD/JPY1.00.740.911.2

We can deduce from the above table that Admiral Markets’ spreads are within the range of those of its competitors, such as IC Markets and Fusion Markets.

Commissions

The broker charges a commission of $3.0 per lot per side ($6 round trip) on the MT5 Zero and MT4 Zero accounts. The broker charges commission fees from 0.02 USD ( stocks and ETFs) on the MT5 Invest account. However, Admiral Markets does not charge any commissions on the MT5 Trade and MT4 Trade accounts.

This means that on the MT5 Zero and MT4 Zero accounts:

  • for a 1 Standard Lot trade (100,000 units), you will pay a $6.0 commission to open and close the position;
  • for a 1 Mini Lot trade (10,000 units), you will pay a $0.6 commission to open and close the position;
  • for a 1 Micro Lot trade (1,000 units), you will pay a $0.06 commission to open and close the position.

A $6.0 commission for a 1 Lot trade on the MT5 Zero and MT4 Zero accounts is within the range of commissions charged by its competitors, but it is definitely not the cheapest because an equivalent trade on the Zero Spread Account with Fusion Markets will incur a $4.50 commission per round turn, which is, at present, among the most competitive offers within the industry.

Spreads & Commission

  • Fair commission fees on zero spread account
  • Low spreads on the Zero account types
  • Zero commissions on MT4 Trade and MT5 Trade accounts

Financing charges

These include swap charges. You can see the swap charges for any currency position by logging into their MT4 platform and taking the following steps:

  • Locate your product in the ‘Market Watch’ window. Right-click and select ‘Symbols.’
  • Select the product you wish to view from the list. Select ‘Specifications’.
  • Here, you can view the Forex swap rates for long and short positions.

Deposit fees

Like most online brokerage firms, Admiral Markets does not charge any deposit fees. This is the standard practice for brokers.

Withdrawal fees

Admiral Markets does not charge any withdrawal fees on all payment options available. However, payments to and from overseas banking institutions may attract intermediary transfer fees from either party, which are independent of Admiral Markets.

Inactivity fees

Admiral Markets charges an inactivity fee of $10 monthly on dormant accounts.

Inactivity Fees

  • $10 Inactivity charge

Overall on Fees

Admiral Markets offers competitive spreads on all its account options. Also, the commission fees — $6 per round trip — on its Zero Spread accounts are within the range of those of some big names in the industry. There are no additional fees on top of overnight financing charges. The absence of non-trading costs is largely beneficial for traders.

Trading fees and other costs

  • Competitive spreads on all account types
  • Very competitive commission fees on the MT5 Zero and MT4 Zero accounts
  • No extra fees on top of standard swap rates
  • No non-trading fees

Desktop Trading Platforms

Admiral Markets provides traders with the popular MT4 and MT5 trading platforms

MetaTrader 4

Admiral Markets provides traders with the MT4 trading platform, which is an advanced trading platform introduced in 2005 by MetaQuotes. MetaTrader 4 is the most widely used trading platform amongst Forex and CFD traders. The platform is replete with various useful trading tools that make traders’ overall trading experience seamless and exciting. The main advantage of MetaTrader 4 is its reliability and stability.

MT4 is available as a desktop application for Windows and Mac computers, a WebTrader, and a mobile app for Android and iOS devices. The WebTrader can be accessed through all popular web browsers, such as Chrome, Safari, Firefox, and Edge. Admiral Markets also offers the MT4 Supreme Edition.

Benefits and features
  • User-friendly
  • Flexible
  • Secure
  • Fast and responsive
  • Multi-language support
  • Advanced charting capabilities
  • Automated trading
  • Customizable

MetaTrader 5

This is a more advanced trading platform introduced by MetaQuotes in 2010 to offer access to multiple assets, including actual stocks (not just stock CFDs). The MetaTrader 5 platform is reputed for being the choicest multi-asset platform for traders and investors from around the globe. It allows traders to trade Forex, CFDs, exchange-traded instruments, stocks, and futures. The platform offers advanced charting and trading tools and more options for automated trading. In addition to offering all of the features of MT4, the MetaTrader 5 trading platform comes with more advanced capabilities, such as 21 timeframes and nine chart types.
The MT5 trading platform is available in desktop, web, and mobile versions.

Benefits and Features
  • Thousands of markets
  • Level II pricing
  • Trading robots
  • VPS support
  • Easy to use
  • Superior charting
  • Free market data and news
  • Education market

Desktop platforms

  • MT4/MT5 trading is available
  • Multiple advanced trading tools are built into the platforms

Mobile Trading Platforms

The broker provides traders with the mobile versions of the MT4 and MT5 trading platforms. This brings a whole new level of convenience to the entire trading process, as traders can access their trading accounts and place trades on the go, as long as they are connected to the internet.

Interestingly, when you trade with the mobile versions of the MT4 and MT5 trading platforms, there is nothing to lose since the mobile app offers the same features and functionalities as the desktop platforms. The Android app requires Android 5.0 or later, while the iOS app requires iOS 9.0 or later.

Mobile trading

  • Third-party mobile apps for the MT4 trading platform is available
  • Apps offer the full functionality of the desktop platform version

Trading Instruments

Admiral Markets offers over 4,000 financial instruments across different asset classes, including Forex, equity indices, commodities, cryptocurrencies, shares, ETFs, and bonds. While the broker mostly offers CFDs on these assets, it also allows traders to directly purchase shares or exchange-traded funds.

Asset ClassAdmiral MarketsIC MarketsFusion Markets
Forex45Fair6179
Indices19Good2311
Stocks CFDs78Good1,600+50
Commodities4Fair2216
Bonds2Fair110
Cryptocurrency5Good00
Energy3Fair00
Futures3Fair40
Options0N/A00

Let us now take a closer look at the product list.

Forex

Admiral Markets have over 40 Forex pairs, including Forex majors, such as EURUSD; minor pairs, such as EURGBP; and exotic pairs, like USDCZK. Traders can trade Forex with Admiral Markets 24/5 and enjoy tight spreads and flexible leverage of up to 1:500. There is a leverage of 1:20 to 1:30 on Forex for retail clients on all Admiral Markets’ account options; however, qualified professional clients can get up to 1:500 leverage.

Index CFDs

Admiral Markets allows traders to trade the world’s most liquid equity indices — such as the S&P 500, DAX, FTSE, DJ30, and more — through the MT4 and MT5 trading platforms. The prices of all Admiral Markets indices are based on the underlying price of the index in its corresponding stock market. You can trade the indices of some of the world’s largest financial exchanges. Leverage of up to 1:500, depending on the instrument, is available with no commission or expiration. And, you can trade these assets 24 hours a day and five days a week.

Stock CFDs

Traders who are looking to profit from some of the world’s most popular stocks can consider trading stock CFDs with Admiral Markets. The offers CFD trading on some of the world’s largest blue-chip companies, including Apple, Google, Facebook, BMW, BP, and many more. Leverage rates of up to 1:20 are available to trade in any direction (long or short), and there are no extra charges on short sales. With CFDs, traders can benefit from price movements without having to own the stocks.

Commodities

Admiral Markets allows you to speculate on the commodities markets by offering CFDs of the most popular commodities, such as oil, gas, gold, and silver. This allows you to take advantage of fluctuations in the prices of those commodities. You can start with an initial investment of just $200, and you can trade via the MT4 or MT5 platform. Leverage of up to 1:500 is available with no extra commission charges; however, for EU retail traders, leverage is capped at 1:30 in accordance with the MiFID II directive of ESMA. Commodities trading at Admiral markets is available 24 hours and five days a week.

ETFs

Admiral Markets allows traders to trade CFDs on the most popular exchange-traded funds (ETFs). Traders can benefit from rising or falling prices by opening long positions or short positions respectively. The broker offers a leverage of up to 1:20, depending on the instrument, and they can be traded with the MT4 and MT5 trading accounts.

Bonds

Currently, Admiral markets offer two bond CFDs on the MT4 and MT5 trading platforms: 10-year Germany Bund Futures CFD and 10-year US Treasury Note Futures CFD. The broker allows you to trade with leverage of up to 1:200 and no commissions. The minimum deposit is just $1, and you can go long or short, with no extra charges on short sales.

Cryptocurrency

Admiral Markets offers Cryptocurrency CFDs. You can trade 24/7 with competitive leverage of up to 1:5. You can buy or sell some of the most popular Cryptos such as Bitcoin, Litecoin, and Ethereum and benefit from their price movements but without owning them.

Traded Instruments

  • A vast diversity of tradable asset classes
  • Leveraged trading on various instruments
  • No Options CFDs

Trade Execution

Admiral Markets is an STP broker with no No Dealing Desk (NDD) intervention. With Admiral Markets, you will benefit from super-fast trade execution and interbank grade low spreads with no dealing desk intervention, thanks to its straight-through processing (STP) execution model that offers instant access to the interbank markets. As an NDD broker, Admiral Markets routes trade orders directly to liquidity providers, offering clients access to real markets with better and faster fills. The broker simply acts as a bridge between clients and liquidity providers, collecting orders and channeling them to the markets without requotes. Orders are executed at the best possible bid/ask rate provided by liquidity providers but with a small mark-up by the broker to cover trading costs.

The broker’s liquidity providers include hedge funds, big banks, and investors that effectively act as counterparties to each trade. The broker has an internal liquidity pool that is represented by different liquidity providers that compete for the best bid/ask spreads for orders.

Trade Execution

  • STP execution with no dealing desk intervention
  • Ultra-fast execution speed and low latency
  • Direct access to various top tier liquidity providers

Deposits

Admiral Markets supports different deposit methods to enable traders to easily fund their accounts and trade. The broker does not charge any deposit fees, and it allows clients to open accounts and deposit funds in any of the following base currencies: AUD, USD, EUR, GBP, NZD, SGD, JPY, and CAD.

Admiral Markets does not accept third-party payments, so all funds deposited into your trading account must be under the same name as your Admiral Markets trading account. Payment from joint bank accounts or credit cards is accepted only if the trading account holder is one of the beneficiaries. The minimum deposit is $1 or $100, depending on your account option.

The broker offers a generous selection of deposit methods, including the following:

MethodProcessing Time
Wire Transfer, Credit Card, PayPal, Skrill, Neteller, Domestic EFT1-2 days
POLi PaymentsInstant
Credit/Debit CardInstant
JCBInstant
NetellerInstant
China Union PayInstant
SkrillInstant
AstroPayInstant
Bank TransferInstant
PrzelewyInstant
iDEALInstant
TrustlyInstant
SafetyPayInstant
KlarnaInstant
iBank&BankLinkInstant

Currently, there are no deposit bonuses available with this brokerage.

Deposit Methods

  • $1 or $100 minimum deposit
  • Multiple base currencies
  • No deposit fees charged
  • Good selection of payment methods
  • No deposit bonuses are available

Withdrawal Methods

Clients can withdraw funds online by logging into the secure Admiral Markets client portal and selecting the withdraw tab from the menu. All the payment methods for deposits are also available for withdrawals.

Admiral Markets offer one free withdrawal request every month. Your bank or third parties may charge fees for receiving your funds. For example, payments to and from overseas banking institutions may attract intermediary transfer fees from either party independent of Admiral Markets.

Due to AML / CTF laws, Admiral Markets cannot deposit funds to third parties. As a result, all money withdrawn from your account must go to a bank account in the same name as your Admiral Markets trading account.

Withdrawal Methods

  • No withdrawal fees with most payment methods, except international bank transfers
  • No third-party withdrawals
  • Timely withdrawal request processing

Customer Support Contacts

Admiral Markets has a knowledgeable client support team that is very polite and highly responsive to clients’ queries. The support team is available 24 hours a day, five days a week — from Mondays to Fridays. You can contact the broker’s support team through any of the following channels:

Support contactAvailableResponse
Live Chat24/7Less than 30 seconds
telephone24/5Within several minutes
Email contact24/5Within several hours
  1. Live Chat: This efficient channel allows you to chat directly with the broker’s support team live. The live chat function is available as a “Chat” icon at the lower-right corner of the website. When you click on the icon, you will be required to input your name and email address. Next, type your message in the bigger box to interact with the customer support team live.
  2. Telephone contact: You can also contact the broker’s support team over the phone from 9 am to 5 pm, Monday – Friday through any of the following phone numbers for the broker’s offices in various cities:
    Help center: +61 1300 889 866, +442035041540
  3. Email Contact: You can send specific inquiries to the support email addresses: info@admiralmarkets.com.au, global@admiralmarkets.com
    When contacted, the response from the customer support team was polite and helpful. Additionally, you can find answers to common questions from the broker’s Help Center page.
  4. Help Center: This is a comprehensive list of Frequently Asked Questions. They answer some of the clients’ most common questions, and they arrange in the following categories: Getting Started, Account Application, Partnership Program, Payment, Dashboard, and Trading Platforms.

Support contact

  • Live Chat experience was outstanding
  • Extensive FAQs section
  • Email support available

Research and Educational Materials

To help traders make knowledgeable trading decisions, Admiral Markets makes a range of learning resources available on their website. The available educational resources include the following:

  • Forex & CFD Webinars
  • FAQ
  • Trader’s Glossary
  • Forex & CFD Seminars
  • Education Packages
  • Articles & Tutorials
  • Zero to Hero
  • Forex 101
  • Trading Videos
  • E-books

Research & Education

  • Good educational content
  • Video tutorials
  • Admiral Markets education section and webinars

Security and Money Guarantees

At bestbrokers.com, we are committed to ensuring that traders trade with only regulated online brokers, and Admiral Markets is one of such. Our key findings include:

  • Over two decades of business history and growth
  • Multiple regulatory authorities
  • Award-winning brokerage

The brokers’ regulation in multiple jurisdictions is a strong indication that the broker complies with the strict regulatory policies of various top-tier financial authorities, thus ensuring the overall safety of clients’ invested funds. Traders’ funds are kept in segregated bank accounts, and the data on the broker’s website is secured using SSL encryption technology to ensure adequate security. However, the broker does not accept clients from the United States of America.

EntityRegulatorAmount coveredNegative Balance Protection
Admiral Markets UK LtdFinancial Conduct Authority (FCA)£85,000
Admiral Markets Cyprus LtdCyprus Securities and Exchange Commission (CySEC)N/A
Admiral Markets Pty LtdAustralian Securities & Investments Commission (ASIC)N/A
Admiral Markets AS Jordan LtdJordan Securities Commission (JSC)N/A
Admiral Markets ASEstonian Financial Supervision Authority (EFSA)N/A
Aglobe Investments LtdFinancial Services Authority of Seychelles (FSA)N/A

Finally, the broker has bagged several industry awards over the years. Some of the awards include the Best CFD Broker 2016, 2018, 2019 (DKI Customer’s Choice 2019), Best Forex Broker 2015, 2016, 2017, 2018 (OnlineBroker-Portal.de), and Best Forex Platform 2019 (ADVFN International Financial Awards).

Security of funds

  • Negative balance protection
  • Multiple industry awards

Conclusion

Putting it all together, our team of experts at BestBrokers.com observed that Admiral Markets offers some of the best trading conditions when compared to its peers. Our reasons for this include the following:

  • High liquidity
  • Leverage of up to 1:500
  • Innovative trading technology
  • Lightning-fast execution via the MT4and MT5 trading platforms
  • Award-winning customer service
  • Free education to sharpen your skills
  • Fully licensed and regulated since 2001

Overall

  • STP brokerage, which translates to improved trust for clients
  • No Dealing Desk Intervention
  • Competitive trading costs and no non-trading costs
  • Good selection of trading platforms
  • Opportunity to trade over 4,000 financial assets