The online brokerage firm Admirals requires a capital deposit from the trader owning the brokerage account to activate the CFD and Retail foreign exchange (Forex) trading platform.
The minimum amount required with Admirals starts from $1, which can be deposited via various methods including wire transfer, debit card, credit card and ewallet. It should be noted that the minimum deposit with Admirals may vary depending on the type of trading account chosen.
Admirals generally does not charge commissions on deposits, but conversion fees may apply if depositing in a currency different from the account base currency.
What is the Admirals minimum deposit?
The Admirals minimum starts from $1, however it’s $100 for the other account types offered by the broker.
These include the Admirals Trade Account and the Admirals Zero account, which both require a $100 minimum deposit.
Admirals offers several base currencies with which to manage your account and the amount you can deposit may vary.
In addition, each payment method has its own characteristics which may cause additional fees.
The Admirals deposit features are listed in this table below:
| ADMIRALS DEPOSIT FEATURES | CHARACTERISTICS |
|---|---|
| Admirals Trade account | $100 minimum deposit |
| Admirals Zero account | $100 minimum deposit |
| Admirals Invest account | $1 minimum deposit |
| Deposit Fees | No |
| Withdrawal Fees | $1 |
| Base Currencies | USD, EUR, GBP, CHF, BGN, CZK, HRK, HUF, PLN, RON, AUD, SGD, JOD, AED |
76% of retail CFD accounts lose money
Now that you are aware of the many trading solutions offered you can read for more in Admirals account types.
What are the Admirals account base currencies?
The Admirals account base currencies are listed below:
- USD
- EUR
- GBP
- CHF
- BGN
- CZK
- HRK
- HUF
- PLN
- RON
- AUD
- SGD
- JOD
- AED
Please note, if you make a funds deposit into your Admiral Markets account that is different from the ones listed above, you will incur a conversion fee.
Refer to the chart below to compare the minimum deposit and other information required by Admiral Markets as compared to other forex brokers. These figures are subject to change without prior notice.
What are the Admirals funding and deposit methods?
The Admirals deposit methods are listed here below:
- Wire transfers: Admirals doesn’t charge fees with this deposit method, and doesn’t have minimum or maximum amount requirements. It takes up to 3 business days to process the payment.
- Credit/Debit cards: At Admirals you can deposit via both Visa or Mastercard. There are no fees attached here, but there’s a minimum amount of $50 and a maximum amount of $5000 for the deposits. The deposit is usually processed instantaneously.
- eWallets: Admirals accepts Skrill, Neteller and PayPal PayPal, however, is available only in the UK.
- Other methods: depending on your location as a trader, you will be able to deposit by SafetyPay, Klarna, Trustly and others.
Admiral Markets offer you the ability to make your deposit in a number of currencies based on the deposit method you choose. The Admirals deposit currencies include:
- EUR
- GBP
- USD
- CHF
- BGN
- CZK
- HRK
- HUF
- PLN
- RON
- AUD
- NOK
- RUB
- SEK
- SGD
- CLP
- CNY
- IDR
- MYR
- THB
- VND
- NZD
- BRL
- MXN
- JOD
What are the Admirals deposit fees?
Deposits at Admirals are mostly fee free, with the exception of Skrill deposits that charge a 0.9% fee.
Additionally, keep in mind that deposits may also charge a currency conversion fees if they are made in a currency different than your Admirals account base currency.
What are the steps to fund your Admirals account?
The Admirals deposit methods features and fees are listed below.
- Create a Admirals account:
If you are new to forex trading, apply for an Admiral Markets demo account. The demo account requires little information to open and uses virtual currency with no risk and no obligation to deposit real money. It completely replicates a live trading account, allowing you to learn how to participate in forex trading.
It is available for 30-days, and you can renew it if you feel you need more practice. Most forex brokers offer one, and if you want to discover the best demo accounts, you can definitely look at our top 10 forex demo account choices. If you are already familiar with forex trading, you can open up a live account based on your particular needs. Admiral Markets offers five different types of live accounts that you can choose from.
- Verify the Admirals account:
Once you have opened your account, you will need to verify your account with the broker before making your initial deposit. This will help Admiral Markets confirm that you are who you say you are and keep your account protected. The verification process should be quite quick and hassle-free.
- Fund your Admirals account:
You are now ready to make your first deposit. There are numerous methods for adding and withdrawing funds to your Admiral Markets account.
- Wait for the Admirals approval:
The Admirals deposit can take up to 3 business days. Once your deposit payment has been processed and your account funded, you may begin trading.
How does the Admirals minimum deposit compare with other major brokers?
The comparison between Admirals’ minimum deposit and those of other brokers can be found in this table below:
| FEATURES | ADMIRALS | PEPPERSTONE | ETORO |
|---|---|---|---|
| Minimum deposit | $100 ($1 for AM Invest account) | $0 ($200 recommended) | $50 |
| Wire transfer | Yes | Yes | Yes |
| Credit card | Yes | Yes | Yes |
| PayPal | Yes | Yes | No |
| Number of deposit methods | 15 | 9 | 10 |
| Base Currencies | USD, EUR, GBP, CHF, BGN, CZK, HRK, HUF, PLN, RON, AUD, SGD, JOD, AED | USD, EUR, GBP, AUD, NZD, SGD, JPY, CAD, CHF, HKD | USD |
Warning
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
Does Admirals offer deposit bonuses?
Admirals offer a 100% welcome bonus up to $5000 for traders under the JSC regulator.
If you want to find more about the brokers which offer no deposit bonuses, you can take an in-depth look at our suggestions for the best forex bonus.
Keep in mind though, that the regulator in the EU, ESMA, has banned these types of forex broker bonuses under the MiFID II regulations. The same applies also for traders in the UK and Australia where Admiral Markets operates.
On the other hand, Admirals offers a comprehensive cashback program for traders who are active under the Admiral Markets EU entity and the Admiral Markets Australian entity.
Additionally, for professional traders that have been registered under the EU and Australian entity, the Admiral Markets CashBack program offers a discount to traders of up to $1 on every lot traded.