Is Admiral Markets a Trustworthy Brokerage?
Admiral Markets is no stranger to online reviews by the most discriminating traders. For what it’s worth, the brokerage had received a number of positive reviews, seeing the trust level for it climb at an impressionable rate.
Having said this, the review team had made it its goal to render a pointed assessment of Admiral Markets’ over-all capabilities to see if the online reviews are warranted and legitimate.
The review team had emerged from months of conducting an exhaustive examination of the following facets of Admiral Markets’ offers:
- The regulatory bodies that sanction all of the firm’s trading activities
- The trading assets that the firm allows its clients to access
- The trading accounts that are available to the firm’s clients
- The trading software that offered through the live trading accounts
Admiral Markets: A Global Brand
Established back in 2001, Admiral Markets had built itself into a trading global entity composed of international firms.
Admiral Markets is regulated within Australia, Continental Europe, Cyprus, Estonia, and the United Kingdom. Within these regions, the firm takes cues from 2 top tier financial authorities namely, the Financial Conduct Authority (FCA) and the Australian Securities & Investment Commission (ASIC) and 2 tier-2 authorities.
What Clients are in for: Admiral Markets’ Offers and Services
Accessible Trading Assets
One of the things that should be noted with Admiral Markets is its Cryptocurrency offering. Fact of the matter is, the company does not trade actual cryptocurrencies only through CFDs. It must also be noted that cryptocurrencies are not available through the firm’s UK trading arm. The CFDs that are available through the firm total 3,844 across all assets.
Foreign Exchange Currencies are available to trade through Admiral Markets which amounts to a total of 47 pairs. The firm’s clients are also given the chance to perform Social Trading.
Available Trading Accounts
Trading Accounts that are available through Admiral Markets are reliant on the type of platform the client wishes to use. As the firm is a MetaTrader-only platform, it offers multiple accounts in MT4 and MT5.
In MetaTrader 4, clients are given the chance of choosing between two (2) types of accounts:
| Features | Trade.MT4 | Zero.MT4 |
| Minimum Deposit | 100 EUR100 USD100 GBP100 CHF200 BGN1 000 CZK750 HRK25 000 HUF250 PLN250 RON | 100 EUR100 USD100 GBP100 CHF200 BGN1 000 CZK750 HRK25 000 HUF250 PLN250 RON |
| Account Currencies | EUR, USD, GBP, CHF, BGN, CZK, HRK, HUF, PLN, RON | EUR, USD, GBP, CHF, BGN, CZK, HRK, HUF, PLN, RON |
| Assets | Currencies – 37CFDs:Metal – 4Energy – 3Index Futures – 3Cash Index – 16Stock – 78Bonds – 2 | Currencies – 45CFDsMetal – 3Cash Index – 10Energy – 3 |
| Leverage (Forex) | 1:30 – 1:20 | 1:30 – 1:20 |
| Leverage (Indices) | 1:20 – 1:10 | 1:20 – 1:10 |
| Spread, Pips | From 0.5 | From 0 |
| Limit / Stop Levels, Pips | 0 pips | 0 pips |
| Commissions | Single Share & ETF CFDs – from 0.02 USD per share Other instruments – no commissions | Forex & Metals – from 1.8 to 3.0 USD per 1.0 lotsCash Indices – from 0.05 to 3.0 USD per 1.0 lots Energies – 1 USD per 1.0 lots |
For MT5, there are three types of accounts:
| Features | Trade.MT5 | Invest.MT5 | Zero.MT5 |
| Minimum Deposit | 100 EUR100 USD100 GBP100 CHF200 BGN1 000 CZK750 HRK25 000 HUF250 PLN250 RON | 1 EUR1 USD1 GBP1 CHF2 BGN25 CZK8 HRK350 HUF5 PLN5 RON | 100 EUR100 USD100 GBP100 CHF200 BGN1 000 CZK750 HRK25 000 HUF250 PLN250 RON |
| Account Currencies | EUR, USD, GBP, CHF, BGN, CZK, HRK, HUF, PLN, RON | EUR, USD, GBP, CHF, BGN, CZK, HRK, HUF, PLN, RON | EUR, USD, GBP, CHF, BGN, CZK, HRK, HUF, PLN, RON |
| Trading Instruments | Currencies – 40CFDs:Metal – 5Energy – 3Agriculture – 7Index Futures – 24Commodity Futures – 11Cash Index – 19Stock – over 3350ETF – over 300Bonds – 2 | Stocks – over 4350ETFs – over 200 | Currencies – 45CFDs:Metal – 3Cash Index – 10Energy – 3 |
| Leverage (Forex) | 1:30 – 1:20 | None | 1:30 – 1:20 |
| Leverage (Indices) | 1:20 – 1:10 | None | 1:20 – 1:10 |
| Spread, Pips | From 0.5 | From 0 | From 0 |
| Limit / Stop Levels, Pips | 0 pips | 0 | 0 pips |
| Commissions | Single Share & ETF CFDs – from 0.02 USD per share 4Other instruments – no commissions | Stocks & ETFs – from 0.02 USD per share | Forex & Metals – from 1.8 to 3.0 USD per 1.0 lots Cash Indices – from 0.05 to 3.0 USD per 1.0 lots 3Energies – 1 USD per 1.0 lots |
Offered Trading Platforms
Admiral Markets had partnered with MetaQuotes to offer the MetaTrader platform. It had upped the game in that the firm offers MetaTrader Supreme that is available for both MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
MetaTrader Supreme avails its users of 12 expert advisors and 20 custom indicators.
The platform also includes a number of purposeful features such as the add-on for news events, a candle countdown timer, a spread widget, and Trading Central.
Apart from these, Admiral Markets also provides volatility protection tools which effectively control risks that come with executions such as slippage and market gap scenarios.
With MetaTrader Supreme being offered by Admiral Markets, it had went on to be given the “Best MetaTrader Broker in 2020” award.
The Takeaway: Conclusion and Recommendations
The conditions for trading that the firm had laid out allow for lucrative trading endeavors. The trading instruments, while seemingly limited only to CFDs, are actually numerous, giving traders the chance to earn from multiple sources.
The offering of only MetaTrader as a platform is seen by many as wise especially with MetaTrader Supreme being used to manage both the MetaTrader 4 and MetaTrader 5 platforms.
Probably the only thing that the review team can see as an area of improvement is the initial minimum deposit as these are somewhat too low, not enough to cover for losses that could be incurred for initial trades.
