Admiral Markets Review



$200
Minimum Deposit
500:1
Maximum Leverage
0.0
Minimum Spread

Exceptional market leadership and stoic traditional trading – exactly what you would expect from a company named Admiral Markets.  This traditional and fluff-free broker that has a large national and International user base, reasonable trading conditions, a reliance on the leading MetaTrader platform and one of the best cryptocurrency offerings on the Australian market by a forex broker.

Account Types

One demo account option and real account options are available.  Each with a distinct difference for a different level of investment or trader type.

Demo Account:  The demo account is a live market experience and is available for 30 days. This is long than most demo accounts will stay open, as most close after 14 days.  It is funded with $10,000 so this offers more of a real trading experience – demo accounts that offer $100,000 I find to be misleading for the trader as this is not a normal account balance.

Real Accounts:

The 3 real accounts either offer an MT4 or MT5 experience.

Admiral Markets Account:  This account is an MT4 account, for the entry level trader at Admiral.  It requires a $200 minimum deposit and offers traders 31 currency pairs and 5 cryptocurrency pairs to trade.  If you are interested in trading other CFDs this is also offered.

This entry level account has spreads that start at 0.8 pips, and leverage on regular currency pairs up to 1:500.  This is a reasonable account offering for this low minimum deposit, and I would expect most traders to be happy with this setup.  It is an ECN, No Dealing Desk, account.

Admiral Prime Account:  This account is the more professional account with Admiral if you wish to keep with the MT4 platform.  It requires a $1000 minimum deposit, but then the trading conditions become more favorable.

Instead of wide spreads, they tighten up to 0 pips (minimum) and a commission is charged.   This $3.5 commission per standard lot traded is pretty standard for the industry and comparable with other ASIC brokers we feature.

This account does offer more currency pair options but does not offer cryptocurrency pairs.  For this more active trader, this account also offers a larger number of lots per trade, and it increases the stop out % significantly.  This is an SPT account.

Admiral MT5: For those of you who have broken the mold and have moved forward with the advances in MetaTrader software, Admiral has an account for you.   This account is all juiced up, offering 36 currency pairs and cryptocurrencies to trade, and offers STP execution on all trades instead of the NDD account that is offered as the standard.

The trading conditions for the account are in line with the first account, offering 0.8 pips spreads and leverage to 1:500.

Cryptocurrency Trading

I feel that the cryptocurrency offering at Admiral Markets is strong that most of their closest competitors, but if it is cryptocurrency pairs you are interested in trading, you must choose your account type wisely.

Leverage on these pairs is up to 1:5, long and short are both available and spreads we dynamic.  Expect wide spreads here, but this is standard for these pairs.

Cryptocurrency Pairs at the time of writing are:

  • BCHUSD
  • BTCUSD
  • DSHUSD
  • ETHUSD
  • LTCUSD
  • XMRUSD
  • XRPUSD
  • ZECUSD

Platforms 

Admiral Markets clients will be using MetaTrader software.  This is because it is the industry standard, but it also means you will get technical support from the broker should you run into issues.  The platforms include:

  • MT4 – MetaTrader 4 – the industry standard
  • MT5 – MetaTrader5 – the newer version of the software that offers more features, but is not yet fully accepted by the industry.
  • Webtrader – MetaTrader Webtrader – The version of the software that will run in your browser.
  • IOS and Android Apps – Use the apps when you are on the go to either monitor trades or take advantage of major news events when you are out and about and want to get a trade open.

Regulators

  • Admiral Markets Pty Ltd is fully regulated by ASIC to carry on financial services business in Australia – (ABN 63 151 613 839) Australian Financial Services Licence (AFSL).  When you fund a trading account at Admiral Markets those funds are held in specifically segregated client trust accounts at an Australian Bank, National Australia Bank (NAB)
  • Admiral Markets UK Ltd is authorised and regulated by the Financial Conduct Authority (FCA) – registration number 595450.
  • Admiral Markets Cyprus Ltd authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC), license number 201/13

Deposits & Withdrawals

Deposits can be made by credit card and the balance is applied to the trading account immediately.  Bank wire is also accepted, but this will take 1-3 bank days for the balance to show.  Both deposit options are without commission, though your bank may have charges for wire transfers.

Withdrawals can only be made with bank wire, with a processing time of 1-3 business days.  A fee is 3 AUD is charged for domestic transfers and up to 20 AUD for international transfers.

Customer Support

Customer support is available 08.00 AM – 19.00 PM (live chat, email, phones) / 5 days a week.

My thoughts

Admiral Markets is your traditional, sturdy and well-regulated broker.  With a good platform for traders, enough accounts to keep both the newbie and the professional happy, I don’t see why a trader would be happy here.

I do always find it old-fashioned for brokers to give you limited access to withdrawing your money.  There is a possibility for brokers to do this instantly, and without fees, so this is an area where I think we should see improvements.


Trading Forex and CFDs is not suitable for all investors and comes with a high risk of losing money rapidly due to leverage. 75-90% of retail investors lose money trading these products. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.