Admiral Markets Review 2021: Unbiased Pros and Cons revealed

Filippo Ucchino Last Updated: April 2021 20 min read
security 94
cost 75
trading 73
education 78
Rated: Excellent
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Welcome.

In this Admiral Markets review you will find the results of much dedicated time spent by InvestinGoal’s team of experts studying the quality of the broker.

Here’s how to navigate this report on Admiral Markets, and all of our reviews in general:

  • Part 1: First thing, in the “Our Opinion” section you will find a brief summary with our personal opinions on the broker Admiral Markets, plus the Pros and Cons and important factors to watch out for.
  • Part 2: Secondly, within this section, you will then find more detailed points and opinions about specific broker’s offerings or services (e.g. Is Admiral Markets good for Forex? Is Admiral Markets good for Stocks?).
  • Part 3: After the opinions section you will find four macro-areas in which we have carefully reviewed every single aspect of Admiral Markets. They are Security, Costs and Accounts, Trading and Education, and Support.

We suggest you use the sticky menu to easily navigate this content.

And don’t forget to leave a comment at the end of the post. Share your honest opinion on Admiral Markets, or ask specific questions if you couldn’t find an answer on our site.

Additionally, the best thing you could is to open a free demo account to try out first-hand the Admiral Markets platforms, to be able to fully follow this report.

OPEN AN ADMIRAL MARKETS DEMO ACCOUNT

Admiral Markets review
Our Opinion

Admiral Markets Summary: Who is AM suitable for?

Admiral Markets is a top ECN/STP broker with bothe low spreads and minimum deposit. They have more than 3,900 assets to trade across many accounts with the Invest account allowing real stock and ETFs trading. While not perfect for social/copy trading, it can do well for many other traders with scalping, hedging, VPS, and algo-trading all available.

 With both CFDs and real assets provided with low spreads then, Admiral is a versatile broker choice. They also allow for 10 base account currencies which can save you from conversion fees in many cases as well as a rebate program for ASIC and UK clients that can reduce costs by up to $1 per lot traded.

Downsides and Advantages to consider before starting

Downsides

First to address the downsides of Admiral Markets were, even for such an experienced broker, there are a few. First of all, they do charge an inactivity fee of $10 though this is only payable after 24-months of inactivity. Still, you can find brokers with no inactivity fee.

While their cashback rebate program is excellent, it is only available to ASIC and UK-based traders. This means it is currently unavailable in the EU. Finally, copy/social trading is not directly offered. If you want to do this, you can utilize the EAs feature of the Metatrader platform but it does not give you the same level of features like a dedicated copy/social trading platform.

Advantages

Absolutely the broker has many advantages to speak on. This includes the extensive availability of so many assets. This includes currencies, digital currencies, metals, energy, index, stocks, bonds, ETFs, and crypto that you can trade not only as CFDs but with many real assets also available.

This wide selection is matched by a great range of base currencies. A total of 10 are supported. These are the EUR, GBP, USD, CHF, BGN, CZK, HRK, HUF, PLN, and RON. What this means is you can likely avoid any conversion fees. The low minimum deposit offered by the broker starts from just $1 too for an Invest account up to $100 for Trade and Zero accounts. It means you will have great accessibility to start trading.

These are a few of the available account types alongside a great Islamic account, and a professional account there really is something to meet all needs here.

Admiral Markets Pros and Cons

The table below charts a few of the most important pros and cons the broker has to offer:

Admiral Markets Offer Advantages Problems
Demo Account Replica of almost all the features you can find in the live account 30 days-limit
Minimum Deposit The minimum deposit starts from $1 The minimum deposit depends on the account type
Invest Account More than 4500 real ETFs and Stocks Not available under ASIC regulation
Forex Competitive and low spreads More than 40 pairs offered, a limited number compared to other brokers
CFDs Over 5000 tradable CFDs The CFDs availability depends on the account type
Copy/Social Trading You can use EAs on MetaTrader There are no actual copy trading services

Admiral Markets Broker CFD and Forex Review

You will find at Admiral Markets more than 40 forex currency pairs to choose from. Overall there is also a tremendous range of CFDs to choose from. Commodities, cryptocurrencies, ETFs, stocks, bonds, indices, and digital currencies are all offered as CFDs.

With trading, you will also find a massively competitive spread and low-commission environment depending on your account type. Spreads at the broker start from 0 pips and the lowest available commission is $1.80 per trade depending on your account type. With a Trade Account, the average spread on major forex pairs such as the EUR/USD starts from only 0.5 pips with the same spread at 0.1 pips on the Zero Account type.

In all, there is huge potential and opportunity in trading CFDs on Admiral Markets and even though the forex pair selection is limited, you should still find what you are looking for, and with great value too.

Pros

  • You can trade many assets as either CFDs or real assets
  • The broker does well in providing a huge number of tradable assets, more than 3,900 in total

Cons

  • Not every asset is available to be traded with every account type

Admiral Markets Invest Account Review

Taking a closer look at the Admiral Markets Invest account you will find a wonderfully accessible minimum deposit of just $1 in place. This can get anyone started in trading the more than 4,500 assets that are available here. With all of these being real stocks and ETFs only, you should note there is no leverage available.

With a commission starting at only $0.02 per share and highly competitive spreads you will find excellent value in trading here. This is extremely low for trading real assets. The drawback only being that this account is not available if you are regulated under ASIC. If you want to trade real assets though in stocks and ETFs and you don’t want to worry about overnight fees particularly for day trading or longer-term investing, the Invest account could be a perfect choice.

Pros

  • Low spreads and very competitive commission from $0.02 for stocks and ETFs
  • Real assets are traded in stocks and ETFs with this account type

Cons

  • Lack of availability to ASIC regulated traders is disappointing

Admiral Markets review
Security

The starting point for our Admiral Markets review is one of great importance to you and all traders. This point is security. It is a top concern for anyone who is trading, and given that Admiral Markets has been an active part of the industry for many years, let’s see how they measure up in this respect.

Admiral Markets

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Foundation and Offices

Admiral Markets has been around for a long time. Almost two decades in fact. The broker was founded in 2001. At present, they have three office locations around the world and serve traders globally. These locations are as follows:

United Kingdom

16 St. Clare Street,
London, EC3N 1LQ

Cyprus

Dramas 2,
1st floor,
1077 Nicosia

Australia

Level 10,17 Castlereagh Street
Sydney NSW 2000

Regulations

The broker with their wealth of experience recognizes the importance of being well-regulated. They have tier 1 regulation ins place from several bodies as follows depending on the entity of the broker you are trading with around the world.

Admiral Markets UK Ltd is regulated by the FCA under number 595450, Admiral Markets Cyprus Ltd is regulated by CySEC #201/13, and Admiral Markets Pty Ltd is regulated by ASIC under the number 410681. These are some of the most recognized, and trustworthy bodies in the whole of the financial world.

Money Protection

Not only will Admiral Markets provide you with the best in terms of regulatory oversight. They also provide for a couple of added protection measures that will help you feel and trade securely.

The first of these is negative balance protection. This helps to ensure that you can never lose more money than you actually deposit in your account. The second protective measure is that the broker utilizes segregated bank accounts. This means that in the unlikely event they ran into financial trouble like insolvency, and bankruptcy, your funds would be secure. As an addition to this, if you are an EU or UK trader, you are further protected by the ICF insurance fund. This can provide up to £85,000 or €20,000 if there are some major financial problems with the broker.

Awards

Having been around for so many years, as you would expect, Admiral Markets has picked up many awards. They are often awarded for their top-quality services, and as recently as 2019 they picked up a prestigious award for the best broker in Estonia, Germany, and Spain.

Not Accepted Clients

Admiral Markets offers excellent service to over 120,000 clients worldwide. This list of countries available is very comprehensive, but there are just a few exceptions where the broker services are not currently available:

Pros
  • The broker is extremely well-regulated by some of the most trusted bodies in the sector
  • They take money protection very seriously, and have a number of measures in place to make sure they are a safe place to trade
  • Admiral Markets have award-winning service which has been frequently recognized
Cons
  • With only 3 offices, their physical presence is relatively limited

Admiral Markets review
Costs and Accounts

The next section we will take a deep dive into with our Admiral Markets review is that of the account types that are available with the broker, and the costs associated with each. From the outset it is important to point out the ease with which you can open an Admiral Markets account, once you decide to do so.

All you will need is a copy of your passport or other type of identity proof, and a recent bank statement or utility bill to prove residence. With these documents, you account opening will be verified quickly with the answer to a few short trading questions, and you will be ready to make your deposit.

Admiral Markets

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Account Types

Here are all of the account types you can expect to find when you start to trade with Admiral Markets.

Demo

The very first place, and best place where most traders begin, is with a demo account. This can be opened quickly and with the most basic of information such as your full name, phone number, and e-mail address. That is all it takes, and the account itself will fully replicate a live trading account with no risk, virtual currency, and no obligation to deposit any real money.

It is the perfect place to learn more about trading and the broker. The Admiral Markets demo account is available for 30-days, but is easy to renew.

Admiral Markets Trade

The first account type available and a very popular choice, is the Admiral Markets Trade account. This account type is available with a low minimum deposit of just $100 and you can trade on more than 3,700 assets as CFDs through both the MT4, and MT5 trading platforms, though only 140 assets are offered through MT4.

The spread here starts from 0.5 pips on forex trading, and $0.01 commission on shares trading with an Islamic account option also available if you need it.

Admiral Markets Zero

The next available Admiral Markets account type is the Admiral Markets Zero account. As the name suggests, the spread on this account starts from 0 pips so it is a very attractive choice where you can trade in more than 60 CFDs in forex, metals, indices, and energies with a $1.80 per lot traded commission on forex.

The minimum deposit on this account type is again very low at just $100 to get started, with trading available through both MT4, and MT5 trading platforms. No Islamic trading account is available for this account type at the moment.

Admiral Markets Invest

For an even lower minimum deposit of just $1, you can open an Admiral Markets invest account. This is for trading in real stocks and ETFs only, and may be suitable for many who prefer this type of trading where more than 4,500 real assets are available. Since this is real trading in assets, these are not CFDs, and no leverage is made available.

A very competitive commission on shares and ETFs with the broker starts at $0.01 per share, although no Islamic trading account option is available on this account type, and the Invest account is not available if you are regulated under ASIC.

Admiral Markets Islamic Account

You will be glad to note that an Islamic account option is available through Admiral Markets. These account types do not charge swap fees and are fully compliant with Sharia law for Islamic trading. The Admiral Markets Islamic account is also great since they only substitute the swap fee with another fee if you keep a position open for 3 consecutive days.

If you are interested in learning more about Islamic trading, then feel free to check out our in-depth article on the best swap free brokers.

Admiral Markets Professional Account

The final Admiral Markets account type available is the professional account. This is available to EU and UK traders only if you meet at least two of the following requirements:

  • You have made an average of 10 transactions of significant size per quarter in the past year
  • You possess a financial instrument portfolio of over €500,000 in value (in your bank or trading account)
  • You have enough relevant experience in the financial services sector

Once you have met these criteria and opened up a professional account type, you will have access to broadly higher leverage on all assets, and a leverage of up to 500:1 on trading forex as well as other benefits.

Account Base Currency

Admiral Markets makes a very good range in base currencies available to choose from. This includes the EUR, GBP, USD, CHF, BGN, CZK, HRK, HUF, PLN, and RON. Ultimately, having this range of choice can help you avoid currency conversion fees which are charged if your deposit or withdrawal methods do not match an available base currency with the broker.

Deposit

Here we will take a closer look at all things related to making a deposit with Admiral Markets.

Admiral Markets Minimum deposit

The Admiral Markets minimum deposit varies depending on the account type you open. With that said, the amount is typically $100 with the exception of opening a stockbroking account where the minimum deposit drops to just $1 with the Invest account type.

Deposit Methods

Making your Admiral Markets deposit is very well-catered for and can be done in a number of currencies depending on your area. The methods facilitated include a wire transfer, credit/debit cards that are Visa and MasterCard, eWallets through Paypal, Skrill, and Neteller, as well as other methods like SafetyPay, iDeal, Klarna, and Przelewy depending on your local area.

Typically, making an Admiral Markets deposit is instant, though depending on the method, it can take up to 3 business days to complete.

Deposit Fees

There is generally no fee on deposits with the broker. The only case where this may occur is with Skrill which can charge a commission of 0.9% with a $1 minimum. The only other time may be if you deposit an unsupported currency and have to pay a small conversion fee, or if your bank applies a fee on wire transfers.

Withdrawals

Here is the lowdown on making a withdrawal from your Admiral Markets account.

Withdrawal Methods

Again, all of the same withdrawal methods are catered for as you would have used to deposit. This means wire transfer, credit/debit cards, eWallets, and more local methods are all available. Withdrawals can take up to 3 business days to complete.

Withdrawal Fees

With withdrawal fees, there may be a commission applied depending on the method, though as an Admiral Markets customer, you can avail of up to 2 free withdrawals each month.

Spreads & Commissions

With spreads and commissions at Admiral Markets, these are offered as floating spreads and commission depends on your account type. If you have an Admiral Markets Trade account, the spread will start at 0.5 pips. If your account is Admiral Markets Zero, then the spread starting point is 0 pips, but with a $1.80 commission per lot traded.

If you are trading stocks and ETFs through the Invest account, then there is a minimum commission of $0.01 per share.

Here is a sample of some of the spreads on the most traded assets through the broker for retail trading.

  • EUR/USD – 0 pips
  • Gold – 0.10 pips
  • SPX500 – 0.1 pips
  • Bitcoin – 0.50%
  • US Shares – $0.01

Fees

There are a couple of other fees as follows that you may encounter when trading at Admiral Markets. Here they are.

Overnight Fees

The overnight fee is the fee which you will have on basically any asset you trade at the broker when you hold it overnight. The exception is trading through an Invest account which does not trade CFDs, or an Islamic account. This fee is dynamic depending on the asset and market. You can check it more closely at the time of trading through your trading platform.

Inactivity Fees

An Admiral Markets inactivity fee is applied. This comes into play after 24 months of no trading activity, and the cost is $10 per month after that time.

Pros
  • A very wide account choice is on offer with something to suit most traders
  • A real stockbroking service is attractive to those wishing to trade non-CFD shares and ETFs
  • Having 10 base currencies available offers an excellent range of choice and helps minimize fees
  • 2 free withdrawals per month allows you the chance to further reduce fees as a trader
  • The spreads and general trading costs are kept very competitive throughout
Cons
  • A limited demo account is a little inconvenient for some who would like more time
  • Conversion fees are applied although a range of base currencies are helpful in avoiding such fees
  • Inactivity fees are charged, although these only come into play after a long period of inactivity

Admiral Markets review
Trading

Now that you have got to know the broker, and successfully opened your account ready for trading, we will take a comprehensive look at the trading experience that is on offer at this long standing broker, and how they can accommodate your trading style.

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Trading Features

Here is a more detailed look at the trading features that are facilitated once you start trading at Admiral Markets.

Executions

Admiral Markets is an ECN/STP broker primarily dealing in CFDs. This position allows them to get the very best prices from a range of liquidity providers and allows for the most efficient ordering capability with the minimum amount of interference from the broker. This execution style is typically favored as the fastest and best value by many traders.

Sizing

The smallest trading size that is facilitated through Admiral Markets is a micro lot. This is equal to 0.01 standard lots, or a cash value of $1,000. Although it may seem a lot, this amount can be greatly reduced if you are utilizing the leverage on offer from the broker.

Techniques

A variety of techniques in trading are supported by Admiral Markets. These include both scalping, and hedging, as well as algorithmic trading through the MT4 and MT5 trading platforms. You can also use a VPS without any issue here.

Risk Management

A number of tools are in place at Admiral Markets that can help you manage your trading risk. These are offered through the trading platforms and include the ability to place stop losses, trailing stops, and take profits to help control your active positions. You can also apply limit orders which will allow you to control your market entry on positions, and the broker places margin calls for those trading on leverage. This helps you maintain a balance of equity in your account and be fully aware of your positions.

Trading Hours

The forex market is available to trade on a 24/5 basis, Monday to Friday, with commodities the same. The crypto market is open 24/7, and other markets on stocks, indices, and bonds will vary depending on the local trading hours for that market.

Leverage

Admiral Markets leverage is certainly available. This amount will depend both on the asset you are trading, and where you are trading from as this will decide which regulation you fall under.

If you are trading under the FCA or CySEC regulation in the UK or EU, then your leverage is capped at a 30:1 maximum due to regulatory conditions. If you are trading under ASIC with the brokers Australian entity though, you will still have access to a maximum leverage of up to 30:1.

If you are trading through the Admiral Markets Invest account on Stocks or ETFs, then no leverage is available.

Platforms & Mobile

No top broker would be complete without the availability of similarly well-regarded trading platforms. This is exactly what you will find at Admiral Markets, and here is a breakdown of exactly what is available.

Charting and Trading tools

The range of charting and trading tools made available are all facilitated through MT4 and MT%, well-known for their strength in this area. This means that Admiral Markets can offer a total of 51 charting indicators, and 31 drawing tools as standard. This provides for a very detailed trading experience if you require it. One click trading from the charts is also available for traders and is perfect for scalping and fast executions, with regular price alerts also available.

Admiral Markets Desktop Platforms

Both MT4 and MT5 are made available as desktop trading platforms with the broker. They are very well-known and widely respected as some of the best and most powerful trading platforms in the industry which can run on almost any device.

These provide for a very customizable, robust, yet easy to use trading experience where you can utilize more than 50 trading tools and indicators as well as code your own EA trading strategies or implement some from the wider community. The platforms are available both through Windows, and Mac.

Admiral Markets Webtrader Platforms

Offering a slightly more visually appealing proposition, the MT4, and MT5 webtrader platforms are both available. These can access the webtrader directly from your browser and with no installations required, yet they provide the very same depth of features and capability as the desktop trading platforms.

Admiral Markets MetaTrader Supreme Edition

The availability of the MetaTrader Supreme addition through Admiral Markets is a unique feature in that it is available for free, and helps you to improve an already excellent trading platform. Through this upgrade you can have access specifically to a very much wider range of analytics from Trading Central, an improved layout, charting simulations, and more. This is ideal for traders who maybe already have a lot of experience trading with MetaTrader, and wish to further enhance the experience.

Admiral Markets Mobile Platform

Mobile trading with Admiral Markets is facilitated through the MT4 mobile trading platform which again offers a very powerful, on the move trading experience with an easy to use app, and access to an extensive range of the charting tools and indicators of its web-trading, and desktop counterparts.

Markets

Admiral Markets offers both CFDs and real trading. Over 3900 assets are available in total, however, not every account offers all of them. With that said, here is a more detailed look at the total offering of markets with the broker.

Forex

With forex trading markets, more than 40 currency pairs are available. The spread here starts from 0 pips with a $1.80 per lot traded commission depending on your account type, with major, minor, and exotic pairs on offer.

Commodities

Commodities are traded as CFDs with Admiral Markets and a total of 28 are available. This range includes 6 metals, 4 energies, 7 agricultural, and 11 futures markets in commodities.

Indices

Again indices are traded as CFDs and markets from all over the world are available with a total of 43 available for trading. 19 of these are cash indices, while the other 24 are traded as index futures.

Stocks

Admiral Markets offers a huge range of stocks for trading. These are traded as real if you have an Invest account, and there are over 3,400 in total from all around the world including stock exchanges in the US, Europe, UK, Japan, and Australia.

ETFs

The broker makes more than 390 ETFs available for trading. Again, through the Admiral Markets invest account, these are traded as real.

Bonds

Two bonds markets are available for trading. These are the German Bond (10-year Germany bund), and the US bond (10-year US Treasury note).

Cryptos

A total of 32 crypto assets are available, with 10 being cryptos. The cryptos are Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin, Stellar, Monero, EOS, Dash, and Ripple with 10 markets trading crypto-cross pairs, and the other 22 trading crypto-fiat pairs.

Products

Here are a couple of additional products and services provided by Admiral Markets that you may run into when trading there.

Admiral Markets Pro CashBack Program

The Pro CashBack Program as the name suggests is only available to professional traders registered under the EU/UK entity. It is a loyalty program that can provide a discount of up to $1 on every lot traded.

Admiral Markets AM CashBack Program

Another cash back program. This also functions as a loyalty program for all registered under the ASIC regulated entity only. Again, it provides for a discount of up to $1 per lot traded for regular traders.

Social Trading – Copy Trading

Admiral Markets do not directly offer social or copy trading services, though you can engage in a form of copy trading if you utilize the EAs feature of your trading platform to copy other trading strategies from the community. This is permitted.

Pros
  • The availability of free, advanced MT4 and MT5 tools can really improve the trading experience for many
  • There are over 3900 assets available. This is a great range with something for everyone
  • CFDs and real trading is available which can suit another demographic of trader in stocks and ETFs
Cons
  • No nano lots are made available, with a micro lot being the smallest trade size on offer
  • No cashback program is available for retail traders under the EU or UK entity unlike the others
  • There are no direct copy or social trading features made available

Admiral Markets review
Education and Support

The final area we will cover with Admiral Markets covers two more vital points which can have a significant impact on both your current, and future trading experiences with this broker and beyond. Here is how Admiral Markets measures up in terms of education and support.

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Languages

The broker has extensive language support available. This covers more than 25 languages, including a range of EU languages and 9 Asian languages such as Vietnamese, Indonesian, Hindi, Bengali, Korean and Chinese, and more. This has put the broker in a very positive position in the eyes of many global traders.

Research

The Admiral Markets research section offers a suitably in-depth experience that does not disappoint. Here you can access a range of premium analysis tools free of charge. This includes the standard but well detailed economic calendar, and analysis from Trading Central is included. You can also benefit from a steady stream of market news, technical analysis, and market sentiment indicators to guide your trading decisions.

Customer Service

The customer service area with Admiral Markets is again well provided for. Here you can first view an extensive selection of FAQ questions through the website which may answer your question. If not, then you can rely on the support team who are available in more than 5 languages and whom you can reach through web-based live chat, phone, and e-mail for a top-quality service.

Education

Education is a key component in developing your trading skills for the future. This is something that is clearly well-recognized by Admiral Markets in their offering. They provide an extensive range of content to help traders of all levels grow and develop. This content includes detailed educational articles on trading techniques and guides that are full tutorials. You can also access a full range of trading videos and a glossary of terms as well as a number of top seminars, and webinars that are available to attend.

Pros
  • They make a huge range of more than 25 global languages available in total
  • The broker research section is suitably detailed with a range of tools available
  • Admiral Markets education is among the most comprehensive to be found with any broker
Cons
  • No cons

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76% of retail investor accounts lose money
Admiral Markets Review 2021: Unbiased Pros and Cons revealed

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Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Your capital is at risk. The present page is intended for teaching purposes only. It shall not be intended as operational advice for investments, nor as an invitation to public savings raising. Any real or simulated result shall represent no warranty as to possible future performances. The speculative activity in forex market, as well as in other markets, implies considerable economic risks; anyone who carries out speculative activity does it on its own responsibility.
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