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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 inUK, Australia, Cyprus, Estonia
🛡️ Is Admiral Markets safe to tradeYes
💵 EUR/USD spread0.9 pips
🏦 DepositBank Wire, Cards, Skrill, Neteller, PayPal
💰 Minimum depositUS$200
🏦 WithdrawalBank Wire, Cards, Skrill, Neteller, PayPal
💻 Trading platformMT4, MT5
💳 Trading marketsForex, CFDs on Indices, Shares, Bonds, Commodities, Cryptocurrencies
📈 Number of product4,200+
📉 Live chat responseInstant and relevant answers

Regulation

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

EntityRegistered inRegulatorLicense no.Status
Admiral Markets UKUKFinancial Conduct Authority (FCA)595450Currently Regulated
Admiral Markets Pty LtdAustraliaAustralian Securities and Investments Commission (ASIC)ABN 63 151 613 839 AFSL no. 410681Currently Regulated
Admiral Markets Cyprus LtdCyprusCyprus Securities & Exchange Commission (CySEC)201/13Currently Regulated
Admiral Markets Review – FCA License
Admiral Markets Review – FCA License

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

EntityCompensation AmountNegative Balance Protection
Admiral Markets UK£85,000Yes
Admiral Markets Pty LtdNo compensationYes
Admiral Markets Cyprus LtdEUR 20,000Yes

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.

Forex

Popular Currency pairs and Forex instruments are traded as Contract for Difference or CFD basis at Admiral Markets Bitcoin.

MarketsInstruments
Forex45
Indices43
Commodities26
Cryptocurrencies15
Shares4,000+
Bonds2

Account types

Admiral Markets has various account types depending on the platform and trading purpose. Islamic account available upon request.



Trade MT5Invest MT5Zero MT5Trade MT4Zero MT4
Minimum Deposit100 USD1 USD100 USD 100 USD100 USD 
ConditionsStock and ETFs trading   
Spreads From0.5 pip0 pips0 pips0.5 pip0 pips 
CommissionsZero Commissions, Shares from 0.02$ per shareFrom 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

MarketsInstrumentsLowAverageHigh
ForexEUR/USD0.1-0.91-1.51.6 or higher
IndicesUS 5000.1-0.40.5-1.41.5 or higher
CommoditiesGold0.1-0.40.5-22.1 or higher
StocksTesla0.1-0.50.6-11.1 or higher
ETFsUS Russell 20000.1-0.40.5-1.41.5 or higher
CryptocurrenciesBitcoin0.1-0.5%0.6-0.9%1% or higher

Spreads

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.

MarketsInstrumentsStandard accountOther brokers’ avg spread
ForexEUR/USD0.91-1.5
IndicesUS 5000.40.5-1.4
CommoditiesGold0.270.5-2
StocksTesla0.60.6-1
ETFsUS Russell 200010.5-1.4
CryptocurrenciesBitcoin2400.6-0.9%

Other Fees

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

Trading conditions at Admiral Markets are good. Almost all trading strategies are allowed including scalping and hedging.

Trading ConditionsYes/No
Hedging AllowedYes
Scalping AllowedYes
Change Leverage AllowedYes

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.  

Deposit

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 MethodFunding TimeFee
Bank Wire TransferUp to 3 Working Days0$
Credit / Debit CardInstant0$
SkrillInstant0$
KlarnaInstant0$
Admiral Markets Review – Deposit and withdrawal – Deposit
Admiral Markets Review – Deposit and withdrawal – Deposit

Minimum Deposit

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$.

Withdrawal

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 MethodWithdrawal TimeFee
Bank Wire Transferup to 3 daysFree
SkrillInstantlyFree

Bonus

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.

Trading Platform

Admiral Markets mainstays on MetaTrader technology offering MT4, MT5 and MetaTrader Supereme Edition platforms.  

WebTrader

WebTrader is computable to either MT4 or MT5 platforms and available across any internet browser.

MT4

Admiral Markets MetaTrader4 is firnedly for CFDs or Forex trading and accessible through all devices Windows, Mac, and Mobile Apps for Android and IOs.

Admiral Markets Review – MT4 Supreme Edition platform
Admiral Markets Review – MT4 Supreme Edition platform

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 Review – Research - Analysis
Admiral Markets Review – Research – Analysis

Education

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

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 Review – Education
Admiral Markets Review – Education

Customer Service

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
  • Telephone
  • Email
Admiral Markets Review – Customer Service
Admiral Markets Review – Customer Service

Admiral Markets live chat is a quick response, Chat is also available on the platform

Question AskedWe asked about trading bonus.
Time of ReplyWe were connected to Live Chat within minutes
Quality of ReplyThe answer was informative, refereeing to relevant entity proposal

Conclusion

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

Over 15 years experience in forex, commodities and equities markets research. He loves analyzing and trading the markets as a strategist and trader. In late 2019, Jimmy turned to researching and analyzing forex brokers. Now he and his team focus researching and comparing broker’s pros and cons.

Over 15 years experience in forex, commodities and equities markets research. He loves analyzing and trading the markets as a strategist and trader. In late 2019, Jimmy turned to researching and analyzing forex brokers. Now he and his team focus researching and comparing broker’s pros and cons.

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