Admiral Markets is a global online Forex broker established last 2001. It provides a transparent and accessible trading to their clients all over the world with over 70 currency pairs where clients can choose from. Up to date, it has almost half a million client and employees which is over 400 in total.

Throughout the years, it has received various awards which include the Best Foreign Broker in Poland 2015, Best MT4 Broker during the UK Forex Awards in 2015 and so much more. With the number of awards and recognition that it has received, Admiral FX is undoubtedly one of the best choices in the online Forex industry.

Basic Information of the Broker

  • Regulator – FCA
  • Trading Platforms – MT5, MT4
  • Available since – 2001
  • Minimum deposit – $200
  • Leverage – Up to 1:500
  • Spreads (& commission) – 0.5 pips 
  • Minimum trade size – 0.01 lot 
  • Demo account – Available
  • Mobile Trading – Available
  • Trade Signals – e-mail alerts, website personal page, Automated Trading
  • US Clients – No
  • Islamic Account – No

AssetMagnate Rating: 

Trading Platform

Admiral Markets offer their clients the MT4 and MT5 trading platforms. 

The MetaTrader 4 or MT4 trading platform is the most popular and one of the oldest trading platform used by almost 80% of the traders all over the world because of its superb features which include an advanced charting package, Expert Advisors (EA), and a wide range of trading tools. Furthermore, it also supports automated trading and is very much admired due to the customizable features that it has. 

The MT5 trading platform has a typical spread of 0.5 pips, with a leverage which can go as high as 1:500. It is equipped with over 3,000 markets. The MT5 trading platform basically has the same feature with MT4, but it has additional features which clients can enjoy every time they trade. 

Mobile Trading 

Admiral Markets offer their clients a mobile trading which they can use in order to trade in the comfort of their mobile phones. The mobile trading platform is available in both ios and android devices which can be downloaded via the app store and play store.

Account Types

Admiral Markets offer their clients three account types to choose from. 

  1. Classic Admiral Markets Account – Requires a minimum initial deposit of $200 with over 59 currency pairs where clients can choose from. 
  2. Admiral Prime Account – Requires a minimum initial deposit of $1000 and permits hedging as well. 
  3. Admiral MT5 Account – Requires a minimum initial deposit of $1000 which allows hedging to clients too. 

Demo Account

Admiral Markets offer their clients a demo account which can be opened using any of the three trading accounts. The demo account has $10,000 of virtual money which new or seasoned clients can use when practising how to trade. Clients can use the virtual money to trade in a live market and the demo account can be maximized for 30 days. 

Minimum Deposit 

An initial deposit of $200 is needed in order for someone to open a live trading account with admiral markets. Once set up, the client can start trading in as much as he can already enjoy the benefits of trading with Admiral Markets.

Payment Methods 

Admiral Markets does not accept cash deposits from banks. Clients can either deposit or withdraw via major credit and debit cards, bank wire and e-wallet respectively. 

Maximum Leverage 

Admiral Markets offer their clients leverage which can go as high as 1:500. This is a notably high leverage which comes with higher income and higher risks. 

Spreads and Commission 

The spread offered by Admiral Markets start at 0.5 pips. This is considered as a low spread compared to the spreads that other brokers offer. 

Regulation and License 

Admiral Markets is regulated and authorized by the Financial Conduct Authority (FCA) UK with FRN 595450. FCA is known as a highly respected and strict regulatory body which means that Admiral Market clients are ensured that they are safe and secured with them. 

Customer Service 

If a client has a question or has encountered a problem, he or she can contact the Admiral Markets support team via phone or live chat. Admiral Markets offer over 13 languages to support their clients all over the world and they are within reach for 24/5. 

Benefits of Trading with Admiral Markets 

Trading with Admiral Markets offers a lot of benefits which include a low minimum deposit, safe and secured trading, and great customer support among others.

Pros

  • Well regulated 
  • Demo account available 
  • Mobile Trading Available

Cons

  • Deposit bonus only

Conclusion

Admiral Markets is truly an online Forex broker for both new and seasoned traders. The number of trading accounts and trading platforms that they offer is quite a good catch in as much as their website is easy to navigate. All in all, it is a must try especially for traders who are looking for an online broker who has a user-friendly account and excellent customer support.