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Admiral Markets Review

Author By Jeffrey Cammack Author Information Updated: November 5, 2020
Overall Rating
4.18 4.18 / 5
Rated #19 of 49 Recommended Brokers
Min. Deposit
AUD 100
Regulators
Trading Desk
Trading CostTrading Cost Information
USD 7
Website Language
Japanese, Malay, English, Swedish, Portuguese, Indonesian, Arabic, Chinese
Support Language
Malay, English, Swedish, Portuguese, Indonesian, Arabic, Chinese
AlertAccepts Australian Clients. Average spread EUR/USD 0.10 pips with 6 USD commission round turn on the trading account with lowest minimum deposit. Max leverage 500:1. Islamic account available. MT4, MT5 & MT4 Supreme Edition platforms supported. Admiral Markets is regulated by ASIC, CySEC, and the FCA.

Summary

Founded in 2001, Admiral Markets offers reliability, market leadership and simple modern trading. A global presence, a large Australian and international client base, flexible trading accounts, competitive trading conditions, and peerless educational material have attracted both beginner and experienced traders to the brand.

Admiral Markets has a longstanding relationship with MetaQuotes Software, developers of the industry-leading MetaTrader platform. This relationship has resulted in Admiral Markets building their own custom version of the software, the MetaTrader Supreme Edition, compatible with both MT4 and MT5.

Additionally, most Admiral Markets accounts have free access to Trading Central – providing independent market insight and technical analysis – and the company offers one of the best cryptocurrency offerings on the market by a Forex broker.

Reviews

Regulation
11110.54.5/ 5
Trading Conditions
111104/ 5
Trading Platforms
11110.54.5/ 5
Deposit & Withdrawal
110.5002.5/ 5
Education & Research
111115/ 5
Assets Available
11110.54.5/ 5
Customer Service
111104/ 5
Beginner Friendly
Excellent
Bonuses
None

Account Information

Base Currencies
EUR, USD, GBP, CHF, BGN, CZK, HRK, HUF, PLN, RON, RUB, AUD
Number of FX Pairs
40+
Copy Trading
Yes
Hedging Allowed
Yes
Scalping Allowed
Yes
Islamic Account
Yes

Trading Conditions

Min. Spread
0.10 pips
Commission
6 USD / lot - Prime Account
EUR/USD
0.6
GBP/USD
1.0
USD/JPY
0.9
Max. Leverage
500:1

Company Details

Company Name
Admiral Markets Group
Founded
2001
Office Locations
Australia, United Kingdom, Cyprus, Estonia

Is Admiral Markets Safe?

Admiral Markets Pty Ltd is regulated by ASIC to carry on financial services business in Australia – (ABN 63 151 613 839) under the Australian Financial Services Licence (AFSL – 410681). Admiral Markets keeps account funds in specifically segregated client trust accounts at an Australian Bank (National Australia Bank).

Admiral Markets UK Ltd is authorised and regulated by the Financial Conduct Authority (FCA) – registration number 595450, and Admiral Markets Cyprus Ltd is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC), license number 201/13.

Admiral Markets have won many industry awards over the years, the most recent being Best Forex Platform 2019 (ADVFN International Financial Awards), and Best CFD Broker 2019 (DKI’s 2019 CFD Broker Customer Survey). While awards in recent years have focused on the broad strength of Admiral Markets as a brokerage, they are often recognised for their commitment to trading technology, user experience and customer service.

Trading Conditions

Admiral Markets uses market execution as an ECN with no dealing desk. This hybrid model is designed to be an advantage to both the trader and the broker. Raw accounts and commission-free accounts are available with a choice of either MT4 or MT5 platforms.

The maximum leverage on all accounts is 500:1 under ASIC regulation unless you are restricted because you are Retail client under FCA regulation where leverage is limited to 30:1 as per ESMA decision. Professional Status traders could also receive maximum leverage of 500:1 under FCA.

Account Types

Admiral Markets offer one demo account option and three real accounts for Forex and CFD trading – each with distinct differences – though they all offer both MT4 and MT5 platforms. An additional account for share trading is available that we have chosen not to review as it does not apply to CFD traders.

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Display Name
Min. Deposit
Max. Leverage
Min. Spread
Commission
Trade.MT4
USD 100
500:1
0.5
None
Account Details
Trade.MT5
USD 100
500:1
0.5
None
Account Details
Zero.MT4
USD 100
500:1
0.0
$1.8-$3.0
Account Details
Zero.MT5
USD 100
500:1
0.0
$1.8-$3.0
Account Details

Demo Account – The demo account is a live market experience available for 30 days, this is longer than most demo accounts at competing brokers which usually close after 14 days. Included is a balance of $10,000, offering a real trading experience.  Additionally, demo accounts can mirror any of the live accounts offered.

Trade.MT4 Account – The Trade.MT4 account is an STP NDD MetaTrader 4 account – one of two accounts intended for the entry-level trader. It requires a $200  minimum deposit and offers traders 47 currency pairs and five cryptocurrency pairs.

Trading of other CFDs is also available including Spot Metal CFDs (4), Spot Energy CFDs (3), Index Futures CFDs (3), Cash Index CFDs (16), Stock CFDs (63) and Bonds CFDs (2).

The Admiral.Markets account has spreads that start at 0.5 pips and leverage on fiat currency pairs of up to 1:500. No commission is charged on CFD and Forex trades. EAs (Expert Advisors) are available for automated trading on this account, and Trading Central is free of charge to help clients find trading opportunities in emerging chart patterns.

Zero.MT4 Account – The Zero.MT4 account is the professional ECN MT4 account. It requires a $200 minimum deposit and has more favourable trading conditions, replacing the wider spreads with a commission-based model.

Spreads tighten up to 0 pips, and Admiral instead charges a commission of between $1.8 and $3.0 per standard lot traded. This commission level is relatively standard for the industry and comparable with other ASIC regulated brokers.

The Admiral.Prime account has 45 currency pairs to trade, which is slightly more than on the Markets account above, but the account does not provide cryptocurrency trading. Other CFD trading offered is Spot Metal CFDs (3), Cash Index CFDs (10), and Spot Energy CFDs (3).

Trade.MT5 Account – The Trade.MT5 account is the second entry-level account for those who would rather trade with the latest, but a less popular, version of the MetaTrader platform. The minimum deposit is $200, and spreads are the same as the Admiral Markets MT4 account as this account is also STP; starting at 0.5 pips and commission-free trading.

The Admiral.MT5 account has 37 currency pairs and 32 cryptocurrencies to trade with market execution. This account has significantly more CFDs to trade because of the newer technology in the platform.

  • Spot Metal CFDs – 5
  • Spot Energy CFDs – 3
  • Spot Agriculture CFDs – 7
  • Index Futures CFDs – 3
  • Cash Index CFDs – 16
  • Stock CFDs – over 3000
  • ETF CFDs – over 300
  • Bonds CFDs – 2

Zero.MT5 Account – This account behaves much the like Zero.MT4 Account, the only real difference being the trading platform on offer. A minimum deposit of $100 is required and wider spreads are replaced with a commission of $1.8 – $3 per standard lot traded, depending on the asset.

Admiral Markets for Beginners

Admiral Markets has invested heavily in helping new traders find their feet, offering an extensive library of educational articles, tutorials and webinars. For clients looking for active support, the MetaTrader Supreme Edition provides Trading Central chart analysis and analyst recommendations.

Educational Material

The educational material available through Admiral Markets is extensive and varied. Split into different sections, Admiral Markets offer a structured course, a knowledge base, an overview of risk management and frequent webinars.

Admiral Markets provides a free, structured Forex and CFD trading course called Forex 101 designed to help beginners learn how to trade. It is a collection of nine online lessons split into beginner, intermediate and advanced stages and all lessons are taught by professional traders. The course covers everything from setting up MT4 to managing risk and is an excellent resource for new traders.

The articles and tutorials section covers Forex Basics, Forex Analysis, Forex Strategy, Forex Indicators, Trading Psychology, Trading Software, Automated Trading and Cryptocurrencies. This section is best used as a knowledge base or as an additional resource once the Forex 101 course has been completed. A separate glossary is on hand to help beginners with new terminology.

The risk management section covers best practices, an introduction to leverage and leverage effect, and how rapidly moving markets can create gaps in charts. Risk management tools are available at Admiral Markets, and this section explains their use as well as introducing the stop out and other automated systems that protect traders.

Admiral Markets Risk Management
Admiral Markets Risk Management Process Education

Admiral Markets also provide expert-led webinars. Webinar topics include commentary on the upcoming week or educational webinars like Mastering the 4Ms of Trading which help traders develop trading skills and build confidence.

Analysis Material

The Trader`s Blog, which is open to all clients, provides daily economic news and context or analysis to help traders find new opportunities through insightful and practical market information.

Other articles include a more in-depth analysis of a specific subject. A recent example was Trading the DAX30 with the Open Range Breakout Strategy which taught a detailed step-by-step trading strategy using graphs and data to back up analysis.

The Market Heat Map is a real-time visual method of following asset price movements and getting daily trading data from the FX and CFD markets. This tool highlights the most volatile assets, and thus presents trading opportunities.

Admiral Markets Market Heat Map
Admiral Markets Market Heat Map

The Market Sentiment tool is a visual interpretation of aggregated data from multiple service providers showing the relationship between open long and short positions. Market sentiment data is useful to help understand macro trends and the mood of the trading collective. This information is especially useful for traders holding positions for long periods and scalpers.

Launched in September 2019, Premium analytics was launched with free access for demo and live accounts.  With it, premium data feeds are used to deliver the best information to traders.  This video (33 minutes) is a full tour of the product.

The Forex calendar, or economic calendar, is a list of scheduled events that could affect the currency markets.

Customer Support

Customer support is available from 08.00 to 19:00 five days a week via live chat, email, and phone. Drop-in appointments are also available at any of their office locations.

Remote support for technical issues related to MetaTrader or MetaTrader Supreme Edition is also available to clients during opening hours.

Cryptocurrency Trading

The cryptocurrency offering at Admiral Markets is stronger than most of their closest competitors, but if it is cryptocurrency pairs you are interested in trading, you should choose your account type wisely.

Leverage on these pairs is up to 1:10, long and short are both available and spreads are flexible. Expect wide spreads here, but this is standard for these pairs. As of writing 22 cryptocurrency pairs with Fiat currencies are offered and 10 cryptocurrency cross pairs.

Spreads and Commissions

The Admiral Markets and Admiral MT5 accounts have commission-free trading, where the broker takes the administration fee from the wider spreads. Spreads on these accounts start at 0.5 pips.

The Admiral Markets Prime account is the Raw account for professional traders and charges a commission of between $1.8 and $3.0 per standard lot traded in exchange for spreads as tight as 0.0 pips.

Deposits and Withdrawals

The balance from deposits by credit card is applied to trading accounts immediately. Wire transfers are 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.

Alternative methods with no charges are also  Zotapay, Neteller, Skrill, Safety Pay, AstroPay, Trustly, Bitcoin, Rapid Transfer, POLi.

Withdrawals are available via Bank Transfer (2 free withdrawal requests every month, except in USD currency)Skrill (1% charge), Neteller (1% charge)Zotapay (0.5% charge).   

Admiral Markets reserves the right to charge an inactivity fee of $10 per month for an account that is deemed to be inactive.  An account is considered inactive should it have a positive balance and no transactions for 24 months. 

Trading Platforms

Admiral Markets clients will be using MetaTrader software, the CFD trading industry-standard platform, they also offer their own customised plugin for MetaTrader. The platforms include:

  • MT4 – MetaTrader 4 – the industry standard and most popular Forex and CFD trading platform.
  • MT5 – MetaTrader5 – a newer version of the software that offers more features, but is not yet fully adopted as the standard by the industry.
  • MetaTrader Webtrader – a version of the MetaTrader software that runs in a web browser.
  • MetaTrader Supreme Edition – a customised plugin for MT4 and MT5 that offers many new features, these are discussed below in the Trading Tools section.
  • 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.
Admiral Markets Platform Choices

Trading Tools

Most of the Trading Tools available through Admiral Markets are included in their own plugin for MetaTrader – the MetaTrader Supreme Edition.  This custom plugin was built by MetaQuotes specifically for Admiral Markets and it adds powerful features for both MT4 and MT5, on both live and demo accounts.

Admiral Markets have partnered with Trading Central to have their indicators (Forex Featured Ideas and Technical Insight) built into MetaTrader Supreme Edition. These two high customisable tools provide pattern recognition and technical analysis for almost all financial instruments, providing traders with a real sense of control over their investments.

Also included in the MetaTrader Supreme Edition is the Global Opinion toolset. These tools scan and contextualise millions of financial news stories and social media posts on a daily basis, giving traders a dynamic view of market sentiment. They can drastically reduce the length of time traders need to spend on daily research by flagging-up the best assets to trade and warning of changes in mood that may impact trade success.

Additionally, a new mini-terminal facilitates trade management by making commonly-used trading features more accessible than in the native version of the software. A mini-chart feature also lets traders see multiple time frames and chart types in a single chart.

An additional Trade Terminal feature assists traders with managing multiple orders concurrently, using the same advanced trade management features of the mini-terminal.

Tick Chart Trader allows clients to trade tick charts fast and accurately. An additional Indicator Package with the latest in indicator technology delivers more chart information and trading signals directly in the trading tool.

Finally, a trading simulator is available to backtest strategies on historical price data. Until this feature was conceived, traders were limited to testing strategies with a demo account in real-time. The trading simulator enables traders to test multiple strategies on the same data set, to find the optimal strategy for different market situations.

Admiral Markets Risk Statement

According to regulation, brokers are required to be transparent with Forex traders about the complexity of financial products and also disclose the extent to which traders can lose their money.  Admiral Markets wants you to know:  CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

AlertAccepts Australian Clients. Average spread EUR/USD 0.10 pips with 6 USD commission round turn on the trading account with lowest minimum deposit. Max leverage 500:1. Islamic account available. MT4, MT5 & MT4 Supreme Edition platforms supported. Admiral Markets is regulated by ASIC, CySEC, and the FCA.
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Overall Rating
Min. Deposit
Regulation
Trading Desk Type
Trading Instruments
Forex Pairs
Crypto Pairs
Pros
Cons
Regulation
Trading Conditions
Trading Platforms
Deposit & Withdrawal
Education & Research
Assets Available
Customer Service
% Lose with this broker
Leverage
Spread
Hedging
Scalping
Account Types
Islamic Account
Trading Platforms
Funding Methods
Trading Commission
11110.54.18/ 5
AUD 100
STP
Cryptocurrencies, Forex, Equities, Bonds
40+
32
  • Well regulated
  • Excellent education
  • Wide range of assets
  • Expensive withdrawals
11110.54.5/ 5
111104/ 5
11110.54.5/ 5
110.5002.5/ 5
111115/ 5
11110.54.5/ 5
111104/ 5
76% of retail investor accounts lose money when trading CFDs with this provider
500:1
0.10 pips
Yes
Yes
Trade.MT4, Trade.MT5, Zero.MT4, Zero.MT5
Yes
MT4, MT5, MT Supreme
Mastercard, Neteller, Bitcoin, Bank Transfer
6 USD / lot - Prime Account
1110.503.47/ 5
USD 100
STP
Commodities, Forex
32
0
  • ZAR Accounts
  • Fast and free withdrawals
  • Local regulation only
  • No swap-free account option
111003/ 5
111003/ 5
111104/ 5
11110.54.5/ 5
1110.503.5/ 5
1110.503.5/ 5
1110.503.5/ 5
of retail investor accounts lose money when trading CFDs with this provider
200:1
0.60 pips
Yes
Yes
Basic, Premier, Standard, VIP
Yes
MT4
Bank Transfer, Visa, Mastercard
Fees Included in Spread
1110.503.52/ 5
USD 500
STP
Forex, Equities, Cryptocurrencies, Commodities
40
5
  • Well regulated
  • Great platform choice
  • Innovative trading tools
  • High minimum deposit
  • Expensive withdrawals
  • Limited account options
111104/ 5
111104/ 5
11110.54.5/ 5
100001/ 5
110002/ 5
111104/ 5
1110.503.5/ 5
76% of retail investor accounts lose money when trading CFDs with this provider
30:1
0.20 pips
Yes
Yes
live account
Yes
MT4, MT5
Visa, Bank Transfer, Skrill
€/$5 per 1 lot
Visit Broker
AlertMost retail CFD accounts lose money. Your capital is at risk.

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