Regulators: FCA, ASIC, CySEC, EFSA
Minimum Deposit: $200
Maximum Leverage: 1:500
My Score: 7.2
Admiral Markets is a forex and CFD broker which was founded in 2001. The broker is one of the most known brokers around the world.
Admiral Markets is the brand name of Admiral Markets Group AS. There are four companies which are registered in different countries. The Group includes the following companies:
In the UK, the company behind the broker is Admiral Markets UK Ltd. The registered office for the company is 16 St. Clare Street, London, EC3N 1LQ, United Kingdom.
In Estonia, the company behind the broker is Admiral Markets AS. The registered office for the company is Maakri 19/1, 11th floor, 10145 Tallinn, Estonia.
There is also a company in Cyprus. Admiral Markets Cyprus Ltd is the name of the company and registered office for the broker is 5 Limassol Avenue, 2112 Nicosia, Cyprus.
The last company behind the broker is Admiral Markets Pty Ltd and it is in Australia. The office of the company located in Level 10,17 Castlereagh Street Sydney NSW 2000.
In this Admiral Markets review, I am going to handle some trading conditions such as account types, spreads, minimum deposit and more.
You will find the answers to these questions Is Admiral Markets regulated? What is the minimum deposit of the broker? What kind of account types does it offer? Is Admiral Markets scam or reliable?
Let’s start with the regulation section.
Regulation of Admiral Markets
Admiral Markets is a reputable forex broker. There are four companies behind the broker and all of them are regulated with different watchdogs.
First one, Admiral Markets AS is regulated and authorized by the Estonian Financial Supervision Authority (EFSA) – activity license number 4.1-1/46.
Admiral Markets UK Ltd is authorized and regulated by the Financial Conduct Authority (FCA) – registration number 595450.
Admiral Markets Cyprus Ltd regulated and authorized by the Cyprus Securities and Exchange Commission (CySEC), license number 201/13.
And the last one, Admiral Markets Pty Ltd regulated and authorized by the Australian Securities and Investment Commission (ASIC).
All of the companies are duly regulated and the regulators are respective and reputable. This makes the broker is quite reliable.
However, the regulators require the broker to follow certain rules. For example, a broker who regulated by CySEC and FCA must keep minimum net capital at least £730,000.
And also, ASIC requires the broker to must keep minimum net capital at least $ 1 million. In addition, these capitals must be kept in segregated trust accounts, separated from operating funds of companies.
On the other hand, clients of FCA and CySEC regulated brokers are covered by the compensation schemes. The Financial Services Compensation Scheme (FSCS) in the UK for FCA-regulated brokers’ clients.
The FSCS covers the clients’ funds up to a maximum of £50,000 per person and entity. Cypriot Investor Compensation Fund in Cyprus for CySEC-regulated brokers’ clients and it covers the clients’ funds up to £20,000 per person.
These compensation schemes work when a licensed company bankrupts. Unluckily, ASIC-regulated brokers do not include any compensation scheme.
Admiral Markets AS, a subsidiary of Admiral Markets Group AS, is a member of the Estonian guarantee fund providing retail clients with additional financial protection.
This fund covers deposits of Admiral Markets AS clients up to a maximum of £20,000 if face to financial obligations.
Account Types & Spreads
Admiral Markets offers three account types. These are Admiral Markets account, Admiral Prime and Admiral MT5. The Admiral Markets account is available for CySEC and ASIC regulated ones.
|Account Types||Minimum Deposit||Spreads||Minimum Trade Size||Maximum Leverage|
|Admiral Markets||$200||1.2 pips||0.01||1:500|
|Admiral Prime||$1,000||0.6 pips on EUR/USD + commission $3 per standard lot per side||0.1||1:500|
|Admiral MT5||$200||0.6 pips on EUR/USD + commission 0.003 % of the notional value||0.01||1:500|
Let’s talk about the features of these account types.
Admiral Markets account type’s minimum deposit is $200 and it is average for the forex market. It provides variable spreads averaged 1.2 pips on EUR/USD pair and there is no commission. The maximum leverage for this account type is 1:500 and minimum trade size is 0.01.
Admiral Prime account type’s minimum deposit is $1,000. Spreads are starting from 0.6 pips on EUR/USD, including a commission of $3 per standard lot per side. The maximum leverage is 1:500 but the minimum trade size is 0.1.
Admiral MT5 is the last account type and its minimum deposit is $200. Spreads are starting from 0.6 pips on EUR/USD, including a commission 0.003 % of the notional value. The maximum leverage is the same with other account types and it is 1:500 and minimum trade size is 0.01.
Besides, there is also Islamic account which known as swap-free for all account types.
Admiral Markets offers its traders two trading platforms. These are MetaTrader 4 (the most popular platform) and MetaTrader 5 (the new version of the MT4).
The MetaTrader 4 platform is the most popular since it was published because it has the user-friendly interface, a number of technical indicators, advanced charting package and Expert Advisers (EAs allow full automation of traders)
Also, Admiral Markets develops the MT4 Supreme Edition which offers more tools and features such as:
- The Mini Trader (a compact window which simplifies order creation )
- Trading Terminal (it uses the mini trader across multiple currencies)
- Alarm Manager ( you can use this for alerts when important events happen)
- Correlation Trader ( it assists you in taking advantage of correlated pairs)
- Correlation Matrix (it shows the correlation between all currencies)
Another platform of the broker is MT5. It is available in desktop and mobile. The platform is the advanced version of MT4. Many brokers and traders still use the MT4 because the new version does not support all MT4’s indicators and EAs.
You can find Forex, Commodities, Indices, Shares, ETFs, Bonds, Cryptocurrency, and CFDs to trade in Admiral Markets’ trading platforms.
Some cryptocurrencies are Bitcoin (BTCUSD) Bitcoin cash (BCHUSD), Ethereum (ETHUSD), Litecoin (LTCUSD) and Ripple (XRPUSD).
Admiral Markets support a wide range of languages including English, Spanish, Hungarian, Bulgarian, Cestina, German, Dutch, French, Eesti, Francais, Greek, Latviesu, Lietuviskas, Moldovian, Croatian, Slovenian, Polish, Russian, Serbian, Romanian, Ukrainian, and Croatian.
There is also Live Chat and their response are very fast. The website of the broker also well-designed you can find anything you want.
Withdrawal and Deposit Methods
Admiral Markets offers its clients various payment methods such as wire transfer, credit / debit cards, ZotaPay, Skrill, Neteller, SafetyPay, AstroPay, UnionPay, Trusty, Bitcoin, Rapid Transfer, and Poli.
The payment methods are depending on different companies. Accepted currencies are AUD / GBP / EUR / CHF / RUB / USD for some payment methods.
It is a great advantage for the broker to offer as much payment methods. It is hard to find a broker like this.
Admiral Markets has strong licenses and 17 years market experienced. The broker provides fast market execution and transparent pricing. The trading conditions are attractive and it offers two trading platforms.
There are a lot of payment methods and you do not have any problem when you withdraw and deposit.