Abstract：Admiral Markets is a global brokerage company that was initially established in 2001 in Estonia and rebranded on its 20th anniversary. It now has offices in 20 countries all over the world after over two decades of development. The company is currently regulated by 4 supervisory authorities - CYSEC, FCA, ASIC and FSA (offshore) in several countries.
Admiral Markets is a global brokerage company that was initially established in 2001 in Estonia and rebranded on its 20th anniversary. It now has offices in 20 countries all over the world after over two decades of development. The company is currently regulated by 4 supervisory authorities - CYSEC, FCA, ASIC and FSA (offshore) in several countries.
Admiral Markets offers trading services in Forex, indices, commodities, stocks, ETFs and cryptos. It also allows for asset management for asset managers. There is a demo account for traders to practice before trading. While for live trading, there are three kinds of account types with different trading conditions for various client groups. Investors can start trading with a minimum deposit of just 1 EUR or USD.
Trades are executed on industry-leading MetaTrader 4 and 5, as well as the broker's proprietary Admiral App. Spreads are tight from 0 pips, with commission charges ranging from USD 0.05-3 per lot traded for different trading instruments.
Furthermore, the broker provides abundant educational resources such as webinars, videos, articles and tutorials to equip traders with essential knowledge for successful trading.
However, though some investors shared pleasant experiences with this broker, some complaints were recorded on WikiFX about this broker.
Admiral Markets Pros & Cons
Admiral Markets Regulation & Security
Is Admiral Markets safe? When reviewing Admiral Markets, one of the primary concerns for beginners is the platform's safety and security. This is a question that almost all newcomers prioritize when investing. To address this concern, we will explore it from two crucial aspects: regulations and protection measures.
Admiral Markets Regulations
Admiral Markets is currently regulated in different countries by 4 major financial authorities:
- Cyprus Securities and Exchange Commission (CYSEC) in Cyprus
- Financial Conduct Authority (FCA) in the United Kingdom
- Financial Sector Conduct Authority (FSCA) in South Africa
- The Seychelles Financial Services Authority (FSA, offshore) in Seychelles
These regulatory bodies are authoritative in the industry and, to some extent guarantee Admiral Markets's stringent compliance with industry standards. When there are disputes, there will be intermediary reconciliation from these institutions.
You can always verify Admiral Markets's regulatory status and explore its more details on WikiFX. WikiFX has the world's largest database of forex brokers, covering essential aspects such as company qualifications, regulatory status, historical performance, user reviews, and risk ratings, all rigorously verified. With over 60 regulatory agencies included, WikiFX provides a comprehensive resource for assessing the credibility of brokers like Admiral Markets.
Security Measures
Admiral Markets prioritizes client security with comprehensive measures, some of which are:
- Segregation of Funds: Client funds of Admiral Markets are kept in segregated accounts at regulated credit institutions within the EU, which means clients can always get their money back at any time, even when the company goes bankrupt.
- Investor Compensation Fund (ICF): Covered clients are eligible for compensation up to €20,000 when necessary preconditions are met during the insolvency of the company.
- Negative Balance Protection: Retail clients receive unlimited protection from deficits, while professional clients are covered up to €50,000 per client.
- Cyprus Insurance Coverage: Admirals Europe Ltd clients enjoy insurance protection up to €100,000, extending security beyond the ICF.
For the above we can conclude that Admiral Markets is not only backed by strong regulatory oversight to ensure legitimate financial activities but also employs robust security measures to protect client assets and maintain customer trust.
Market Instruments
Admiral Markets offers 2,500 trading products across 6 asset classes: forex, indices, stocks, commodities, ETFs, and cryptocurrencies.
Such a wide variety of offerings enables traders to scatter their risks and seize numerous market opportunities in the ever-changing financial market.
Besides trading services, those who have a good track of trading and capabilities can apply to become an asset manager, asset managers can set commissions themselves:
- Performance Fee: up to 50%
- Management Fee: up to 5% from AUM (Amount under Management)
- Subscription Fee: up to $300 per month
Moreover, those who are trading cryptos can use the Admiral Wallet to buy cryptos from Bitstamp, exchange fiat currencies to cryptos in the wallet, and make crypto-to-crypto exchanges.
Admiral Markets Account Review
Demo Account
Admiral Markets offers free demo accounts for clients to practice to familirize themselves with the platform and test their trading strategies before they commit to actual trading.
Live Accounts
For live accounts, Admiral Markets offers different types of accounts for different trading needs across the MetaTrader 4 and 5 platforms. The diverse features in different account types like varying leverage levels, trading instruments, and commission structures target different client groups.
Islamic Account
In addition, the Islamic version without swap or interest fees is available for the Trade.MT5 account to trade CFDs on currency pairs (excl. Exotic currency pairs), indices, commodities, shares, and ETFs. This account type is for those who come from Islamic countries and need to comply with Sharia laws.
Our Opinions
Generally speaking, Admirals' trading conditions are relatively competitive: spreads start from 0 pips, minimal deposit requirements as low as 1 EUR or USD in the Invest.MT5 account while the highest from other accounts is 100 GBP, affordable to most investors including beginners. The leverage level is within the standard level set by EU regulatory bodies.
The low commission rates starting from 0.02 USD per share for stocks, with some instruments free of commissions, reduce costs significantly for investors. Nevertheless, when choosing Zero.MT4 or Zero.MT5 account, due to higher commissions which top at 3 USD/lot for forex and metals, you should be prudent to trade these instruments unless you are confident with your risk management strategies and comfortable with related risks.
All in all, compared to peers, Admirals' cost-effective trading conditions are suitable for traders looking for low-cost options.
Admiral Markets Trading Platforms
Admiral Markets offers several platforms for trade execution and market analysis.
Admiral App
The Admiral Platform is a web-based platform which provides access to over 7,400 financial instruments, including stocks, ETFs, Forex pairs, and CFDs. Users benefit from integrated TradingView charts, economic calendars, and stock screeners.
The platform is available on web browsers and mobile devices, offering features like in-app deposits and withdrawals and multi-device synchronization.
MetaTrader 4
MetaTrader 4, a popular platform for Forex and CFD trading, is compatible with desktop, mobile, and web platforms. It supports four pending order types, nine chart timeframes, and one-click trading. MT4 emphasizes algorithmic trading via EAs, offering a lightweight and efficient environment for traders focused on short-term price movements or automated strategies.
MetaTrader 5
MetaTrader 5 is a multi-asset trading platform suitable for advanced and versatile trading strategies. It supports trading on desktop, mobile, and web-based platforms, allowing users to analyze markets across multiple timeframes with up to 21 chart timeframes and nine order types. MT5 includes algorithmic trading through Expert Advisors (EAs), integrated trading tools like a depth-of-market feature, and extensive technical analysis with over 80 built-in indicators.
Admiral Markets Fees Review
Admiral Markets offers competitive and transparent pricing across its trading instruments.
Deposit Fee
Withdrawal Fee
Internal Transfer Fee
Other Fees
Our Opinions
Admiral Markets offers competitive fee structures, with low or zero fees for deposits using popular methods like bank transfers, Visa, MasterCard, and Skrill. The currency conversion fee of 0.3% is reasonable and aligns with industry standards. Withdrawal fees are minimal, with 1% charged after the free withdrawal limit is reached. Inactivity fees apply after 24 months of account inactivity, but at 10 EUR per month, they are relatively modest.
Internal transfers between accounts with the same currency are free, while transfers involving different currencies are subject to a 1% fee, which can impact those handling multi-currency accounts.
Islamic accounts incur administration fees ranging from USD 0.01-197 per lot, with the highest fees charged for forex due to the volatile nature of the forex market. Islamic traders who are trading forex should take the administration fees into account in their overall trading costs.
Education
Admirals offers a comprehensive range of free educational resources to support traders at all levels. Their free Academy includes articles, online courses, e-books, video tutorials, and community discussions, providing diverse learning materials.
Interactive options like webinars and in-person events enhance practical knowledge, while the Premium Analytics portal and demo accounts enable hands-on learning.
User Feedback on WiKiFX
The WikiFX exposure section is a prism to reflect a broker's performance where traders can release their opinions and feelings trading with brokers. So far, 28 traders have left their footprint and shared their trading experience with this broker, with 6 expressing their satisfaction with the broker's responsiveness, profitability and service efficiency.
However, there's no such thing as perfection in the world, it's the same case with Admirals. 18 negative reviews are recorded on WikiFX at the same time, with most complaints being about withdrawal difficulties and appropriation of money. Actually, if these issues are not tackled timey and appropriately, they can considerably harm customer experience. Therefore, the broker obviously still needs to do better to enhance its withdrawal process and address concerns regarding fund management.
Traders are encouraged to interact with each other and share their trading experience within WikiFX community through the exposure section. Our professional team is here to give hands anytime if you encounter problems and report awkward issues in this area.
Compare to Similar Brokerages
The Bottom Line
In a word, Admiral Markets is a well-regulated broker with a formidable regulatory background supported by AISC, FCA, CYSEC and FSA (offshore) in several countries. The segregated accounts, insurance coverage and investor compensation fund further protect customer assets. Whether you are a beginner or a professional account, you can always afford to start investing with this broker due to the low entry level. On the other hand, there's still room for the broker to improve its services to build greater trust among its clients due to some unpleasant voices.
If you want to interact with other investors about experience with this broker, you can simply go to WikiFX, visit the specific page and start sharing your opinions and reviews.
