Want to see if Admiral Markets is a legit broker? Safe to trade? It spread is high or low? How long to deposit or withdraw money?
We provide answers to all the questions in this Admiral Markets Review.
We checked all Admiral Markets licenses and regulations to see if Admiral Markets scam or safe. We compared Admiral Markets fees like spread & commission from its live account to over 150 brokers, required time for deposit & withdrawal and more findings all in this review.
What is Admiral Markets
Admiral Markets is a UK Forex and CFD broker established in 2001 and recently rebranded to Admirals.
The company operates several entities and is fully regulated and licensed by the top-tier FCA in the UK and additionally by licenses from ASIC Australia, Cyprus CySEC and EFSA in Estonia.
Admiral Markets highlights
|🗺️ Regulated in||UK, Australia, Cyprus, Estonia|
|🛡️ Is Admiral Markets safe to trade||Yes|
|💵 EUR/USD spread||0.9 pips|
|🏦 Deposit||Bank Wire, Cards, Skrill, Neteller, PayPal|
|💰 Minimum deposit||US$200|
|🏦 Withdrawal||Bank Wire, Cards, Skrill, Neteller, PayPal|
|💻 Trading platform||MT4, MT5|
|💳 Trading markets||Forex, CFDs on Indices, Shares, Bonds, Commodities, Cryptocurrencies|
|📈 Number of product||4,200+|
|📉 Live chat response||Instant and relevant answers|
License and regulation are crucial to traders’ fund security. There are two facts to check, the broker’s license and its background, second how are you protected if something goes wrong.
Is Admiral Markets legit
Admiral Markets headquorters in the UK and is respectively regulated by top-tier Financial Conduct Authority.
Additionally, the company is regulated in each jurisdiction in has entity including the Australian Securities and Investments Commission, and CySEC in Cyprus.
Admiral Markets licenses and status
|Entity||Registered in||Regulator||License no.||Status|
|Admiral Markets UK||UK||Financial Conduct Authority (FCA)||595450||Currently Regulated|
|Admiral Markets Pty Ltd||Australia||Australian Securities and Investments Commission (ASIC)||ABN 63 151 613 839 AFSL no. 410681||Currently Regulated|
|Admiral Markets Cyprus Ltd||Cyprus||Cyprus Securities & Exchange Commission (CySEC)||201/13||Currently Regulated|
Is Admiral Markets safe
Yes, Admiral Markets is considered safe because it is regulated by the top-tier regulator and various world authorities. Admiral Markets
operates 3 entities and is fully authorized in each jurisdiction.
The matter of entity brings differences between regulatory requirements and compensations schemes, also trading conditions.
Admiral Markets compensation scheme
|Entity||Compensation Amount||Negative Balance Protection|
|Admiral Markets UK||£85,000||Yes|
|Admiral Markets Pty Ltd||No compensation||Yes|
|Admiral Markets Cyprus Ltd||EUR 20,000||Yes|
We recommend to register account with the UK entity if it is available for you since we consider its regulations the best
Admiral Markets provides negative balance protection for the traders.
Markets and Products
At Admiral Markets you can trade great number of instruments includingForex, CFDs on Stocks, Indices, ETFS, Bonds, Oil, Metals, Commodities. Cryptocurrencies CFDs are available only for non-UK residents.
Popular Currency pairs and Forex instruments are traded as Contract for Difference or CFD basis at Admiral Markets Bitcoin.
Admiral Markets has various account types depending on the platform and trading purpose. Islamic account available upon request.
|Trade MT5||Invest MT5||Zero MT5||Trade MT4||Zero MT4|
|Minimum Deposit||100 USD||1 USD||100 USD||100 USD||100 USD|
|Conditions||Stock and ETFs trading|
|Spreads From||0.5 pip||0 pips||0 pips||0.5 pip||0 pips|
|Commissions||Zero Commissions, Shares from 0.02$ per share||From 0.02# per share||$1.8-3 per 1.0 lot Forex||Zero Commissions, Shares from 0.02$ per share||$1.8-3 per 1.0 lot Forex|
Fees and commissions
We ranked Admiral Markets fee levels low and for some instruments average based on Live Account Spreads and compared to 150 brokers in our database.
The spread we collected for popular instruments from 6 markets and over 150 brokers
|Forex||EUR/USD||0.1-0.9||1-1.5||1.6 or higher|
|Indices||US 500||0.1-0.4||0.5-1.4||1.5 or higher|
|Commodities||Gold||0.1-0.4||0.5-2||2.1 or higher|
|Stocks||Tesla||0.1-0.5||0.6-1||1.1 or higher|
|ETFs||US Russell 2000||0.1-0.4||0.5-1.4||1.5 or higher|
|Cryptocurrencies||Bitcoin||0.1-0.5%||0.6-0.9%||1% or higher|
Admiral Markets fees are different according to account you use.
For our test trades we used Trade MT5 account where fees are based on spread. The average spreads were low for Forex compared to industry benchmarks.
|Markets||Instruments||Standard account||Other brokers’ avg spread|
|ETFs||US Russell 2000||1||0.5-1.4|
Admiral Markets has average non-trading fees. There is no fee for deposit, or withdrawals, but there is an inactivity fee of 10$ per month.
Trading conditions at Admiral Markets are good. Almost all trading strategies are allowed including scalping and hedging.
|Change Leverage Allowed||Yes|
For hedging, there is no time limitation for positions.
Scalping is allowed too, Admiral Markets cooperating with VPS service for MT4 and supporting Expert Advisors (EAs) with no restrictions.
Leverage and the change of leverage levels depending on the entity regulations and goes up to 1:500 and 1:30 for European clients.
Admiral Markets charges no deposit fees. You can use bank transfer, credit cards, and e-payments. Each entity supports its range of deposit methods, alike Australian clients can also use Bitcoin as deposit method.
A bank transfer can take several business days, and payments with credit/debit cards and e-wallets are typically instant.
|Deposit Method||Funding Time||Fee|
|Bank Wire Transfer||Up to 3 Working Days||0$|
|Credit / Debit Card||Instant||0$|
The minimum deposit requirement for Admiral Markets accounts is different is each account type. Invest MT5 account requires only 1$ and other account with require at least 100$.
Similar to deposits Admiral Markets covers fees for withdrawals, but not all deposit methods are available for withdrawals.
Withdrawals are processed 1-3 business days by the broker.
|Withdrawal Method||Withdrawal Time||Fee|
|Bank Wire Transfer||up to 3 days||Free|
At the time of the writing there were no Admiral Markets Bonuses, however we find there were some campaigns in the past like trading bonuses or similar.
Admiral Markets mainstays on MetaTrader technology offering MT4, MT5 and MetaTrader Supereme Edition platforms.
WebTrader is computable to either MT4 or MT5 platforms and available across any internet browser.
Admiral Markets MetaTrader4 is firnedly for CFDs or Forex trading and accessible through all devices Windows, Mac, and Mobile Apps for Android and IOs.
Research and Tools
Admiral Markets has good research tools.
Various Fundamental data and technical tools, including Trading Central, Market Sentiment, Economic Calendar, Market News and Analysis.
Admiral Markets research tools are available in different places:
- Trading platforms
- Analysis section on the website
Admiral Markets education section is wide and informative. You can learn by using trading videos, Online Courses, Webinars, locally held Seminars, , trading tools and daily outlooks.
Demo account is offered on free basis and available for all offered platforms.
Admiral Markets education is good quality and you can learn in the:
- Demo account
- Trading videos and articles
- Webinars, Courses, Seminars
- Education section on Website
Admiral Markets customer service is good, FAQ section is deep enough and you can contact support team in various ways on various languages, we also got fast answer via the Live Chat.
From the downside Customer Support available only 24/5 by:
- Live chat, Messengers, Telegram
Admiral Markets live chat is a quick response, Chat is also available on the platform
|Question Asked||We asked about trading bonus.|
|Time of Reply||We were connected to Live Chat within minutes|
|Quality of Reply||The answer was informative, refereeing to relevant entity proposal|
Admiral Markets is a safe broker to trade.
The company is well-regulated including top-tier FCA and ASIC, also has good reputation.
From the trading points we would admit good flexibility between account types and trading instruments, also quality education. From the missing points is any other platforms, as Admiral Markets offers MetaTrader only.
We recommend Admiral Markets for traders who prefer MetaTrader platform and flexibility between trading accounts or investment option
Author of this review
By Jimmy O'Brien
Author of this review
I am a well-rounded financial services professional experienced in fundamental and technical analysis, global macroeconomic research, foreign exchange and commodity markets.
I am passionate about observing foreign exchange movements, sharing educational insights into the financial markets, and adding value wherever I can.