Admiral Markets Review

Author By Jeffrey Cammack
Updated: October 20, 2021
Overall Rating
4.24 4.24 / 5
Rated #18 of 57 Recommended Brokers
Min. Deposit
AUD 100
Regulators
Trading Desk
Trading Cost
USD 5
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 0.50 pips with 0.0 USD commission round turn on the trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4, MT5 & MT4 Supreme Edition platforms supported. Admiral Markets is regulated by ASIC, CySEC, and the FCA.

Forex Australia follows a strict editorial standard in our review process. We may receive compensation when you click on links to products we review. Please read our advertising disclosure.

Summary

Admirals is a well-regulated global online broker offering multi-asset trading on a broader range of instruments than other brokers.  Tradable instruments include Forex, commodities, indices, shares, ETFs, and bonds.  The company also has one of the best cryptocurrency offerings on the market, although these are unavailable under the FCA and JSC regulators. 

With full support for the MT4 and MT5 platforms, Admirals is home to the MetaTrader Supreme Edition, a plugin that offers technical analysis on virtually every financial instrument.  It also offers a VPS service to clients that deposit more than 5000 EUR, which is substantially higher than the minimum deposit requirement, but offers Trading Central for free.   

Admirals boasts excellent trading conditions on four live accounts. The minimum deposit requirements are only 100 AUD on all accounts, spreads average at 0.8 pips (EUR/USD) on its commission-free accounts, and commissions of 6 USD (round turn) are charged on its Zero Accounts.  

One drawback for those considering trading with Admirals is the high deposit fees charged on accounts with different currencies to those on offer at the broker.

Reviews

Regulation
11110.54.5/ 5
Trading Conditions
11110.54.5/ 5
Trading Platforms
11110.54.5/ 5
Deposit & Withdrawal
100001/ 5
Education & Research
111115/ 5
Assets Available
111115/ 5
Customer Service
11110.54.5/ 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
50
Copy Trading
Hedging Allowed
Scalping Allowed
Islamic Account

Trading Conditions

Min. Spread
0.70 pips
Commission
1.8 - 3 USD per lot
EUR/USD
0.7 pips
GBP/USD
1.0 pips
USD/JPY
0.9 pips
Max. Leverage
30:1

Company Details

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

Pros

  • Well regulated
  • Excellent education
  • Wide range of assets

Cons

  • Expensive withdrawals

Is Admiral Markets Safe?

Founded in 2001 and headquartered in the UK and Estonia, Admirals is regulated by the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC), and the Jordan Securities Commission (JSC).  See below for a list of Admirals registered companies:

  • Admirals UK Ltd is registered in the United Kingdom under Companies House – registration number 08171762. Admirals UK Ltd is authorised and regulated by the Financial Conduct Authority (FCA) – registration number 595450.
  • Admirals Cyprus Ltd is registered in Cyprus – with company registration number 310328 at the Department of the Registrar of Companies and Official Receiver. Admirals Cyprus Ltd authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC), license number 201/13.
  • Admirals Pty Ltd registered Office: Level 10,17 Castlereagh Street Sydney NSW 2000. Admirals Pty Ltd (ABN 63 151 613 839) holds an Australian Financial Services Licence (AFSL) to carry on financial services business in Australia, limited to the financial services covered by its AFSL – 410681
  • Admirals AS Jordan Ltd is authorised and regulated to conduct investment business by the Jordan Securities Commission (JSC) in the Hashemite Kingdom of Jordan, registration number 57026.

Note that Australian residents can choose to trade under the subsidiary, Admiral Markets Pty Ltd, which is authorised and regulated by ASIC.  This requires manually selecting your preferred subsidiary (a button at the top lefthand corner of the webpage).  

In early 2021, ASIC tightened its restrictions on CFD trading to better protect traders. As a result, Admirals’ clients in Australia will have a leverage limit of 30:1 for Forex trading and will be provided negative balance protection, meaning that traders can never lose more money than they have in their trading accounts. In addition, ASIC regulations ensure that Admirals keeps its operational funds segregated from client accounts, but also prevent Admirals from offering promotions or bonuses. 

While the additional protection offered by ASIC regulation is welcome, some Australian traders may find the low leverage levels and lack of bonuses at Admirals restrictive. The only way around these restrictions is to trade with a broker which does not have ASIC regulation, which of course then means less protection.

Awards

Admirals 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 Admirals as a brokerage, they are often recognised for their commitment to trading technology, user experience, and customer service.

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Group Regulators
Trading Desk
Website
Year Founded
Office Locations
Inactivity Fee
ASIC
CySEC
FCA
STP
2001
Australia, United Kingdom, Cyprus, Estonia
$10/mo inactivity fee after 24 months

Overall, with a long track record of responsible behavior, strict internal processes, and strong international regulation, we consider Admirals a safe broker to trade with. 

Trading Fees

Admirals’ Forex trading fees are lower than other similar brokers.

Admirals is unusual amongst brokers in that it offers four different account types, with trading conditions that vary depending on the platform chosen. Most other brokers will offer three accounts or less. For more details on Admirals’ accounts, click here.

Admirals’ fee structure is transparent, and it publishes all the spread and commission costs associated with either account. 

Admirals’ accounts were assessed to compare the costs to those of other brokers. The costs were evaluated based on the trading fees on one lot (100 000 USD) on the EUR/USD, including the spread and commission:

Spread x Trade Size + Commission = Total Trading Cost (USD):

Admiral Markets Accounts

As you can see from the table above, the trading costs on the Trade MT4 and Trade MT5 accounts are built into the spread and are higher overall than the costs on the MT4/MT5 Zero Accounts, which have a small commission per lot traded. All accounts require a minimum deposit of 100 AUD, which is around the industry average.  

On the whole, Admirals’ trading costs are lower average on the commission-free Trade MT4/MT5 accounts- most good brokers will have a cost of around 9 USD per lot of EUR/USD.  While the costs are lower than the overall average on the MT4/MT5 Zero accounts, they are average when compared to other ECN brokers. 

Additionally, while the minimum deposit requirement on all accounts is only 100 AUD, Admirals recommends a minimum starting balance of 200 AUD. This is because when trading with leverage, brokers will always require a margin to cover the money borrowed from the broker to hold your trading position. With less than 200 AUD in your account, it makes it difficult to hold a substantial trading position without getting stopped out (Stop-Out levels are at 30%) and losing the money held in your trading account as a result.

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Broker
Trading Conditions
Base Currencies
EURUSD (Standard)
Trading Cost (Standard)
EURUSD (Best)
GBPUSD (Best)
USDJPY (Best)
Commission
11110.54.5/ 5
EUR, USD, GBP, CHF, BGN, CZK, HRK, HUF, PLN, RON, RUB, AUD
0.50 pips
USD 5
0.7 pips
1.0 pips
0.9 pips
0.0
11110.54.5/ 5
AED, CAD, EUR, GBP, JPY, NZD, PLN, SGD, USD
1.20 pips
USD 12
0.0 pips
0.1 pips
0.1 pips
0.0
111003/ 5
USD, EUR, GBP, AUD, JPY, BTC, PLN, CZK
1.10 pips
USD 11
0.2 pips
0.4 pips
0.2 pips
0.0

Swap Fees

Admirals charges swap fees for positions that are held overnight.  Interest is paid (or received) for each night a position is held.  In the case of Forex instruments, the amount charged depends on both the positions taken (i.e. long or short) and the rate differentials between the two currencies traded.  Admirals’ swap rates are published on its website for each financial instrument. 

In combination, the reasonable minimum deposit requirements and low overall trading costs, Admirals is a good choice for both beginners and experienced traders alike. 

Admirals’ Non-Trading Fees

Admirals charges high non-trading fees compared to other STP brokers.

Admirals charges 1% for deposits for currencies that are different to those supported by the broker, and only allows five free ewallet deposits per 24 hours.  It also only allows one free withdrawal per month (click here for more details on Admirals’ deposits and withdrawals).  In addition, Admirals charges a currency conversion fee of 0.3%, which is higher than other similar brokers.

Like most other brokers, Admirals charges an inactivity fee on dormant accounts.  The fee is 10 USD per month after 24 months of account dormancy, which is around the industry average.

Overall, Admirals’ non-trading fees are significantly higher than most other brokers.

What is the minimum deposit at Admirals?

The minimum deposit requirement at Admirals is 100 AUD across all account options, which is lower than other STP brokers.  

Opening an Account at Admirals

The account opening process at Admirals is as per the industry standard.  

All Australian residents are eligible to open an account at Admirals, as long as they meet the minimum deposit requirements.  

Creating an account is straightforward, the process is fully digital, and accounts are usually ready within one day. Admirals offers accounts for individuals and legal entities, but we will focus on opening an individual account:

How to open an account at Admirals:

  1. New traders will have to click on the “Start Trading” button at the top of the page where they will be directed to register an account.    
  2. Admirals’ intake form requires clients to fill in their personal details (including name, country of residence, email address, birth date). 
  3. Admirals requires at least two documents to accept you as an individual client:
    1. Proof of Identification – Admirals accepts all government-issued identification documents such as Passport, national ID card, driving license, or other government-issued ID. The document must be valid and must contain a trader’s full name, date of birth, a clear photograph, issue date, and if it has to have an expiry date, that should be visible as well. If the document has two sides, then scans of the front and back sides must be uploaded.
    2. Proof of Address – Proof of residence/address document must be issued in the name of the Admirals account holder within the last 6 months and must contain a trader’s full name, current residential address, issue date, and issuing authority. 
  4. Once this step is complete, clients are required to fill a out a questionnaire that helps Admirals assess the trader’s investment knowledge, experience and expertise to deem the suitability and relevance of the services on offer. While most brokers don’t include this step in the account-opening process, it is a responsible move in an industry that is often accused of an irresponsible approach to consumer protection.
  5. After the application is approved, traders can login and fund their accounts
  6. We advise you to read Admirals’ risk disclosure, customer agreement, and terms of business before you start trading. 

Overall, Admirals’ account-opening process is quick, efficient, and accounts are generally ready for trading within one business day.  

Admirals’ Account Types

Admirals offers five account types, which is more than most other brokers, and the accounts are suitable for beginners and more experienced traders alike.  

With five live accounts, trading is offered on multiple assets, including forex, commodities, shares, indices, ETFs, and bonds (click here for more on Admirals’ financial assets).  In the UK, EU, and Australia maximum leverage is set at 30:1, though professional clients in those regions can also receive maximum leverage of 500:1. Admirals allows all trading strategies, including hedging, scalping, and algorithmic trading, but traders should note that Islamic Accounts are only available on the Trade.MT5 account.    

All account-holder have access to Market News and Analysis by Dow Jones, Trading Central, and the MetaTrader Supreme Edition add-ons (click here for more on Admirals’ trading tools). Support is offered for both the MT4 and MT5 platforms, and features vary depending on the platforms chosen (click here for more on Admirals’ trading platforms).

Admirals’ accounts are suited to both beginners and more experienced traders. We define beginner traders as inexperienced traders who have never traded before or have been trading for less than a year. Beginners often do not want to risk trading large sums of money, and will generally not be able to trade full-time during the workweek. All Admirals’ accounts have a reasonable minimum deposit requirement of 100 AUD, putting it within the reach of beginner traders.

While experienced traders often prefer higher minimum deposits and tighter spreads, in exchange for a commission per lot, Admirals offers a low-cost trading environment across all accounts and a wide choice of tradable assets, making it appealing to more experienced traders.

Account Types

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Display Name
Min. Deposit
Max. Leverage
Min. Spread
Commission
Trade.MT4
USD 100
500:1
0.50
None
Account Details
Trade.MT5
USD 100
500:1
0.50
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.  The demo account will become unlimited in time for those that open a live account.  Included is a balance of 10,000 USD, offering a real trading experience.  Additionally, demo accounts can mirror any of the live accounts on offer.

Trade.MT5

The Trade.MT5 Account has a minimum deposit requirement of 100 USD, leverage up to 30:1, and no commissions are charged for Forex trading.  Spreads start at 0.50 pips for the EUR/USD, and it is available as an Islamic swap-free account.  See below for a list of trading instruments:

  • Currency pairs – 40
  • Metal CFDs – 5
  • Energy CFDs – 3
  • Agriculture CFDs – 7
  • Index Futures CFDs – 24
  • Commodity Futures – 11
  • Cash Index CFDs – 19
  • Stock CFDs – over 3350
  • ETF CFDs – over 300
  • Bonds CFDs – 2

Zero.MT5

With a minimum deposit requirement of 25 USD, the Zero.MT5 account has spreads starting at 0.0pips on the EUR/USD, and a commission of between 2.5 and 4.0 AUD is charged per lot per side (see below for commission structure). It also offers trading on the following  trading instruments:

  • Currency pairs – 45
  • Metal CFDs – 3
  • Cash Index CFDs – 10
  • Energy CFDs – 3

Invest.MT5

With a minimum deposit requirement of 1 GBP, the invest account is an exchange execution account that allows for trading on over 4350 stocks and 200 ETFs.  Spreads start at 0 pips, and traders are charged a commission of 0.02 USD per share.   

Trade.MT4

The minimum deposit on this account is also  100 USD. Spreads start at 0.5 pips (EUR/USD) on this account, and no commissions are charged.  Note that there are no Islamic swap-free options on this account.  See below for a list of trading instruments:

  • Currency pairs – 37
  • Metal CFDs – 4
  • Energy CFDs – 3
  • Index Futures CFDs – 3
  • Cash Index CFDs – 16
  • Stock CFDs – 78
  • Bonds CFDs – 2

Zero.MT4

The minimum deposit is 100 USD on this account, leverage is up to 30:1, and spreads start at 0.0 pips on the EUR/USD.  A commission of between 2.4 and 4.0 AUDis charged per side per lot traded, dependent on the trading volume (see below for commission structure). This account does not offer Islamic swap-free options.  See below for a list of trading instruments:

  • Currency pairs – 45
  • Metal CFDs – 3
  • Cash Index CFDs – 10
  • Energy CFDs – 3

Commission Structure

A commission is charged per lot on Zero.MT4 & Zero.MT5 accounts. This is a commission for a single side trade. Commission for a round turn trade (opening and closing) is doubled and is fully charged at the opening of the order. The following table shows the commission structure in AUD:

Admirals Commissions

Overall, Admirals’ trading costs and minimum deposit requirements are lower than other similar brokers, and it offers trading on a wide range of assets, making it appealing to both beginners and experienced traders alike.

Deposits and Withdrawals

Admirals offers a limited number of funding options compared to most other brokers.  Additionally, deposit and withdrawal fees are high for currencies other than those supported by Admirals, and its processing times are slow.  

As a well-regulated broker, Admirals does not process payments to third parties. All withdrawal requests from a trading account must go to a bank account or a source in the trader’s name. 

Deposits can be made via credit cards/debit cards, e-wallets (Skrill and Neteller), and bank transfers.  Credit cards/debit cards are processed instantly, but deposits via wire transfer can take 3 bank days to reflect. No commissions are charged on deposits or withdrawals, but should the base currency of a client’s trading account differ from the base currency of the transferred funds, the amount transferred will be converted to the base currency of the client’s trading account, and a 0.3% fee will be charged.   For those transferring funds via e-wallets in a different base currency, the first 5 transfers will be free, and thereafter 1% of the amount will be charged. 

Withdrawals are only available via wire transfer, with a processing time of 1-3 business days. A fee of 3 USD (or equivalent) is charged for domestic transfers and up to 20 USD for international transfers.

Overall, the non-trading fees associated with deposits and withdrawals at Admirals, especially when trading in currencies other than those supported by the company are high.  Additionally Admirals processing times are slower than other similar online brokers, and it offers a limited number of funding methods.  

Admirals’ Base Currencies (Trading Account Currencies)

Admirals offers a wide range of trading account currencies through its ASIC subsidiary, including AUD, EUR, GBP, USD, and SGD.

Deposits to trading accounts can be made in most national currencies, which are subsequently converted into AUD, EUR, GBP, USD, and SGD, or other applicable currencies. 

In order to protect your capital from currency fluctuation, you can have multiple trading accounts in different currencies at the same time. This gives traders an opportunity to transfer funds from one account to another through a convenient internal transfer straight from the Trader’s Room (available on Admirals’ mobile app).

Overall, Admirals offers a larger number of trading currencies compared to most other brokers through the ASIC subsidiary, and it allows multiple trading accounts in different currencies.  

Admirals’ Trading Platforms

Admirals’ trading platforms are average compared to other brokers.

Admirals offer full support for Metatrader 4 and MetaTrader 5 in addition to its own customised plugin – the Metatrader Supreme Edition (which will be discussed in detail under trading tools). 

The advantage of brokers offering third-party platforms such as MT4 and MT5 is that traders can take their own customised versions with them should they decide to migrate to another broker.  Additionally, Admirals offers the Metatrader Supreme Edition which plugs into both platforms.   However, these platforms are not as beginner-friendly as the proprietary platforms on offer at other brokers.  See below for more details.  

MetaTrader 4

MetaTrader 4 (MT4) is still undoubtedly the world’s most popular trading platform for forex traders due to its ease of use, feature-rich environment, and automated trading ability. MT4 is available in over 31 languages.

 Features of MT4 include: 

  • A built-in library of more than 50 indicators and tools to streamline the analysis process
  • An impressive array of 24 analytical tools, available in nine timeframes for each financial instrument.
  • Three chart types
  • One-click Trading
  • Algorithmic trading, which allows any trading strategy to be formalised and implemented as an Expert Advisor. 
  • Customisable alerts
  • Access to MetaTrader market and MQL4 community. 

While MT4 has great customizability, the platform feels outdated, and some of the features may be hard to find.  In addition, only the basic orders are available, including Market, Limit, Stop, and Trailing Stop.  MT4 is available on PC and Mac.

MetaTrader 5

The MT5 trading platform is being adopted by more Forex brokers all the time.  It has a more modern interface, allows for an unlimited number of charts to be used, shows Depth of Market, and has a built-in Economic Calendar. It also has a larger number of pending order types than MT4 and features an embedded chat system. The MQL5 scripting language is more efficient than its precursor, and MT5 has more advanced charting tools than MT4. 

Features include:

  • 38+ preinstalled technical indicators
  • 44 analytical charting tools
  • 21 timeframes
  • Additional pending order types
  • Detachable charts

MT5 is also available on PC and Mac.

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Broker
Platform Choice
Copy Trading
Platforms
11110.54.5/ 5
MT Supreme
111104/ 5
111104/ 5

Overall, Admirals’ platform support is about average when compared to other brokers, but it offers its own customised trading tools which integrate seamlessly with MT4 and MT5.

Admirals’ Mobile Apps

Admirals’ mobile trading platforms are above average when compared to other similar brokers.

MT4/MT5 Mobile Applications

Both trading platforms are available on both Android and iOS mobile devices and tablets. Beginner traders should be aware that there is some loss in functionality when compared to the desktop trading platforms, including reduced timeframes and fewer charting options.  In addition, spotty connections can reduce the overall trading experience. Generally, it is better to be at your desktop to conduct day-to-day trading and use a mobile device to keep an eye on the markets or close open positions.

The Admirals MT4 and MT5 apps allow traders to work from anywhere, with functionality to close and modify existing orders, calculate profit/loss in real-time and tick chart trading to further assists traders while on the move.

Admiral Markets’ Trading App

Developed entirely in-house. the Admiral Markets’ trading app has a clean interface and is easy to use.  It is secure and allows traders to deposit and withdraw funds in addition to uploading and scanning documents.  Additionally, traders can:

  • Trade the world’s most popular instruments
  • Access both the Demo or Live Trading modes
  • Monitor their accounts and market quotes
  • Manage and protect their open positions

Overall, Admirals’ mobile trading support is better than that of other brokers, with support for the MT4/MT5 apps in addition to its own proprietary mobile app.

Trading Tools

Admirals trading tools are superior compared to those offered by other similar brokers.  The MetaTrader Supreme Edition is one of the best MetaTrader plugins on the market.  Integrated into the Metatrader Supreme Edition is Trading Central and a number of other useful tools.  It also offers a VPS service.  

Admirals has partnered with Trading Central to integrate its indicators (Forex Featured Ideas and Technical Insight) into the MetaTrader Supreme Edition. These two highly customisable tools provide pattern recognition and technical analysis for almost all financial instruments.  A VPS service is also offered to clients who maintain an equity amount of 5000 EUR (or equivalent) in their trading accounts. 

Metatrader Supreme Edition

Trading Central

A third-party tool, Trading Central’s professional analysts use the most advanced technical analysis tools in the industry to gather the most comprehensive and in-depth market information. This tool essentially supports traders without the technical know-how in making trading decisions. This dynamic product suite is available to traders through the MetaTrader Supreme Edition.  Trading Central is considered one of the best trading tools in the industry, and Admirals does well to offer this tool to its clients.

Global Opinion Toolset

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 daily, 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 the market that may impact trade success.

Mini-Terminal

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 helps traders manage multiple orders concurrently, using the same advanced trade management features of the mini-terminal.

Tick Chart Trader

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

Trading Simulator

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.

VPS

Admirals offers a VPS (Virtual Private Server) service for traders who deposit more than 5000 EUR in their trading accounts. VPS hosting allows traders to run automated algorithmic strategies, including expert advisors 24 hours a day 7 days a week on a virtual machine. VPS services have the advantage of never suffering connectivity issues and have extremely low latency due to their proximity to major international exchanges. 

Overall, Admirals offers a much more comprehensive set of trading tools than is available at other similar brokers.

Admirals’ Financial Instruments

The choice of financial assets offered by Admirals is wider than other similar brokers. 

Admirals’ range of financial instruments for CFD trading, include Forex, shares, commodities, bonds, ETFs, and indices.

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Financial Instrument
Number of Assets
Leverage
Bonds
2
200:1
Cryptocurrencies
32
10:1
Stock CFDs
3,288
10:1
Forex
50
500:1
Indices
43
200:1
Metals
  • Forex: Admirals has over 40 currency pairs available for trading which is around the industry average.  These include majors (EUR/USD, GBP/USD, and USD/JPY), minors (NZD/CAD, EUR/JPY, and USD/ZAR), and exotics. The leverage on Forex pairs is up to 30:1.
  • Share CFDs: Admirals offers 4350 share CFDs, which is more numerous than other large international brokers.  The selection available includes some of the major US, UK, and European Exchanges. Leverage on share CFDs is up to 5:1.  
  • Indices: There are 43 indices available for trading at Admirals, which is more than is available at other similar brokers. The most popular indices are those that combine the shares of some of the largest and globally acknowledged companies.  Leverage is up to 1:20 on indices.  
  • Commodities: Admirals offers trading on 28 commodities, which is a much broader range than is commonly available at other brokers.  Most other brokers offer between 5 and 10 commodities.  Commodities include metals such as gold and silver, energies such as oil, and softs such as sugar, cocoa, and cotton. The leverage is up to 1:30 on commodities.
  • Bonds: Like other brokers, Admirals offers trading on two bonds, namely the 10-year Germany Bund Futures CFD and the 10-year US Treasury Note Futures CFD.  Leverage on these bonds is up to 1:5.
  • ETFs: Admirals offers trading on 375 ETFs, which is a wider range than is offered by other similar brokers.  Trading is up to 1:5 on ETFs. 
  • Cryptocurrencies: Cryptocurrency trading is only offered under the Admirals’ subsidiaries that are regulated by CySEC and ASIC. Leverage on these pairs is up to 1:10, long and short positions are available, and spreads are variable.  Spreads are wider than for Forex, but this in line with industry norms. As of this writing, 22 cryptocurrency pairs (including Bitcoin, Ethereum, Litecoin, and Ripple) with Fiat currencies are offered, and 10 cryptocurrency cross pairs.
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Fx Pairs
CFD Investments
50
Cryptocurrencies
Forex
Indices
Metals
Stock CFDs
Bonds

Overall, Admirals offers a much broader range of tradable instruments than other brokers and really outshines its competitors in its commodity and share CFD offerings. 

Admirals for Beginners

Admirals 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

Admirals offers an excellent educational repository that is suited to traders of all experience levels.

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

Admirals also 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.

Admiral Markets Risk Management
Admiral Markets Risk Management Process Education

Admirals 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.

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Broker
Beginner Course
Advanced Course
Well Structured Education
Education Quality
Webinars
High
Medium
High

Overall, Admirals’ education section is comprehensive, in-depth, and caters to both beginners and more advanced traders.  

Analysis Material

Admirals market research materials are comprehensive and well-structured and compare well to other large international brokers.  

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

Admiral Markets Market Heat Map
Admiral Markets Market Heat Map

  • Market Sentiment: 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.
  • Premium Analytics: 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.
  • Weekly Podcast: Admirals delivers a weekly podcast that covers the most engaging and informative trading news and analysis possible. New podcasts will be available every Monday, covering the economic news and events of the past and coming week, as well as offering market analysis and trading strategies. 
  • Forex calendar, or economic calendar: A list of scheduled events that could affect the currency markets.
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Broker
Economic Calendar
Autochartist
Trading Central
Trading View
Free VPS

Customer Support

Admirals’ customer support team is available during business hours, five days a week, via live chat, email, and phone in 23 different languages.  Drop-in appointments are also available at any of their office locations.

Furthermore, remote support for technical issues related to MetaTrader or the MetaTrader Supreme Edition is available to clients during business hours.

For the purposes of this review, we found the customer service responsive, knowledgeable, and polite.  

Evaluation Method

We value transparency and openness in the way we review the partners. To bring transparency to the forefront, we have published our review process that includes a detailed breakdown of the Admiral Markets offering. Central to that process is the evaluation of the reliability of the broker, the platform offering of the broker and the trading conditions offered to clients, which are summarised in this review. Each one of these is graded, and an overall score is calculated and assigned to the broker.

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.

Conclusion

Admirals is a leading global online STP broker.  It boasts excellent trading conditions, including tight spreads, low minimum deposits, and low commissions on both the MT4 and MT5 platforms.  With excellent regulation, comprehensive trading tools, and world-class educational and market analysis materials, Admirals has developed a reputation for being one of the top Forex and CFD brokers for good reason.  The only drawback of an otherwise excellent all-round offering is the high non-trading fees charged by Admirals.  

AlertAccepts Australian Clients. Average spread EUR/USD 0.50 pips with 0.0 USD commission round turn on the trading account with lowest minimum deposit. Max leverage 30:1. 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
11110.54.24/ 5
AUD 100
STP
Cryptocurrencies
Forex
Indices
Metals
Stock CFDs
Bonds
50
32
  • Well regulated
  • Excellent education
  • Wide range of assets
  • Expensive withdrawals
11110.54.5/ 5
11110.54.5/ 5
11110.54.5/ 5
100001/ 5
111115/ 5
111115/ 5
11110.54.5/ 5
76% of retail investor accounts lose money when trading CFDs with this provider
30:1
0.70 pips
Trade.MT4
Trade.MT5
Zero.MT4
Zero.MT5
MT Supreme
Visa
Mastercard
Skrill
Neteller
POLi
Bitcoin
Bank Transfer
1.8 - 3 USD per lot
11110.54.34/ 5
AUD 5
ECN/DMA
Forex
Commodities
Cryptocurrencies
Indices
Stock CFDs
Metals
WTIs
70
6
  • Low minimum deposit
  • Wide range of assets
  • Well regulated
  • Tight spreads
  • Poor customer service
  • Limited demo account
11110.54.5/ 5
11110.54.5/ 5
111104/ 5
11110.54.5/ 5
11110.54.5/ 5
11110.54.5/ 5
111104/ 5
75.6% of retail investor accounts lose money when trading CFDs with this provider
30:1
0 pips
MT4 Pro Account
MT4 Standard Account
Visa
Mastercard
Maestro
Skrill
Neteller
Bank Transfer
7 USD / lot - PRO account
1110.503.74/ 5
USD 50
Market Maker
ECN/DMA
Commodities
Forex
Indices
Stock CFDs
Futures
83
5
  • Well regulated
  • Tight spreads
  • Wide range of assets
  • Expensive withdrawals
11110.54.5/ 5
111003/ 5
111104/ 5
111003/ 5
1110.503.5/ 5
11110.54.5/ 5
1110.503.5/ 5
75.35% of retail investor accounts lose money when trading CFDs with this provider
30:1
0 pips
Live Standard Fixed Spread
Live Standard Floating Spread
Live Premium Fixed Spread
Live Premium Floating Spread
Live VIP Fixed Spread
Live VIP Floating Spread
Live Zero Fixed
STP/ECN Absolute Zero
STP/ECN No Commission
STP/ECN Zero Spread
Bank Transfer
Visa
Mastercard
Maestro
Skrill
Neteller
Bitcoin
Unionpay
Fasapay
Zero Accounts
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