Admiral Markets Review 2018 – User Ratings, Bonus, Demo & More

Looking for the best forex broker? Your search is over. Read our Admiral Markets review to evaluate the pros and cons of this online forex broker and choose on the basis of data if it is suitable for your needs. This article is dedicated to reviewing one of the best regulated brokers and to give you a clearer idea of what to expect in case you decide to open an account with them.

Admiral Markets Review

Admiral Markets Group is a umbrella company that hosts several different brokerages. There is Admiral Markets UK Limited, in the United Kingdom, Admiral Markets AS in Estonia, Admiral Markets Cyprus Limited in Cyprus, and Admiral Markets Pty Limited in Australia. By default, when you go on the website you are directed to the United Kingdom but be aware that there are multiple companies that you can trade with.

Trading accounts

Admiral allows you to trade in micro lots, meaning 0.01 lots and with that offers quite a bit of flexibility depending on the account you are involved in. There is the Mini account, the Standard account, the ECN account, the VIP account, Admiral Prime, and Admiral MT5. It should be noted that the minimum size for both Admiral Prime and Admiral MT5 is 0.1 lots, so may not be appropriate for smaller accounts. Admiral does not take US clients, but works with many other countries around the world. The brokerage has been around since 2001, and is highly regulated in the various countries in which it has headquartered its offices. This means the FCA in the United Kingdom, the EFSA in Estonia. CySEC in Cyprus, MiFDD II in Europe, as well as many other regulatory bodies.

The company

Admiral Markets which again opened in 2001 has been trusted by thousands of clients around the world. The company offers an extreme amount of flexibility when it comes to trading accounts, with multiple conditions depending on your needs. Deposits can be made in most national currencies which are then converted into British pounds, Euros, US dollars, or Swiss francs. You can also have multiple trading accounts in different currencies at the same time to protect yourself from currency fluctuation. Admiral has been one of the leaders around the world for quite some time, and the ability to maximize your trading positions due to switching back and forth between currencies is one of the main reasons.

Trading conditions

Initial deposit

The initial deposit at Admiral start suggest 200 units, be it Euros, Pounds, Dollars, or Francs. This allows the trader to protect himself against the currency fluctuations that will inevitably happen, and there are a multitude of other currencies which you can deposit in, but it will be converted into the big four.

Spreads and conditions

Admiral offers tight spreads and conditions, although they are variable. For example, on the EUR/USD, with the more professional counts the spread can be as little as 0.0 pips. However, on your standard account it starts to reach towards 0.8 pips, still very tight for retail brokerage. Keep in mind that Admiral offers several other types of markets as well, including CFD markets. For example, Apple typically has a spread of four cents, BMW, BMP Paribas, and Facebook are all very similar. Admiral also offers ETF trading, bonds, CFDs for crypto currency, indices, and large commodities. Because of this, you have the ability to trade various markets at the same time and within the same account.

Leverage

Depending on the account size and whether it’s professional or not, Admiral offers anywhere from 1:10 to 1:20 leverage. As a general rule, the larger the account the last leverage that’s offered which quite frankly is a smart move considering how dangerous leverage can be with large balances.

Trading platforms

Admiral offers four different trading platforms, which of course would include the well-known MetaTrader series, including both version 4 and version 5. There is also MetaTrader Supreme Edition, which offers a handful of new widgets to trade, and quite frankly is rather well-designed, and then of course there is MetaTrader WebTrader in both version 4 and 5. This allows the trader to monitor or trade positions from anywhere that there is an Internet connection, and in a familiar environment. Beyond that, these platforms of course work on mobile devices as you probably know already.

Payment methods

Deposits are easy with Admiral Markets, as they include credit and debit cards, bank wire transfers, PayPal, Neteller, Sofort, and Skrill. They transfers, credit cards, and Skrill can be used to deposit multiple currencies, with credit cards, bank transfers, and a service known as Klarna are all free. Neteller is 0.9% with a minimum of one euro for cost, just as Skrill is. Withdrawing money from Admiral is free through bank transfer, but if you are looking to do it through Skrill or Neteller, it will cost you 1% with a minimum of one euro.

Extras

Admiral markets has plenty of extras, including webinars on both Forex and CFD markets. There is the usual FAQ section, as well as a traders glossary. Beyond that, they also have seminars on both Forex and CFD trading as well as risk management sessions. An extensive library of articles and tutorials also helps, and then finally there is the “Zero to Hero” course and the “Forex 101” course as well. What I found interesting is that there is a huge analytic section as well, including a market heat map, market sentiment section, and wave analysis – something that will be crucial for Elliott wave traders if that’s how you choose to go about the markets. In general, Admiral has one of the bigger sections of education and extras out there, but anymore this is becoming something that most brokers offer, so in and of itself it’s probably not a reason to trade. However, the conditions are right, the broker is highly regulated, and of course it has been around since 2001, making it a trusted partner for its so many over the years.

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