Admirals (Admiral Markets) Overall rating

	Rating	Weight
User Rating	4.4 (7 reviews)	3
Popularity	4.0	3
Regulation	5.0	2
Pricing rating	5.0	1
Features	Not rated	1
Customer Support	Not rated	1

We tested Admirals using real-money live accounts. Our reviews are unique in that they do not have any bias for or against any broker and are driven purely on the underlying data we compile from live account testing, regulatory data, and opinions from customers. We list all brokers and do not charge a fee for it. We offer additional visibility for a fee, but our review content cannot be influenced. Read our About Us page to read our editorial guidelines and how we make money.

Trustworthiness & Regulation

Admirals is a well-established broker founded in 2001 and is regulated by several top-tier regulatory authorities including CY CySEC, AU ASIC, UK FCA, and also SC FSA and JO JSC. Admirals is rated 4.4 out of 5 by users, with 6 out of 7 reviews from users with verified real trading accounts.

It ranks 18th out of 1101 forex brokers based on user ratings and 14th based on our expert's rating. Admirals receives 1,342,978 organic monthly visits, ranking 26th out of 1101 forex brokers for organic traffic. Although Admirals is privately owned and does not provide its financials publicly, it maintains a strong reputation for trustworthiness and popularity.

Company	Licenses & Regulations	Segregated Client Money	Deposit Compensation Scheme	Negative Balance Protection	Rebates	Max. Leverage Retail Clients
Admiral Markets Pty Ltd	Australia - AU ASIC					30 : 1
Admiral Markets Cyprus Ltd	Cyprus - CY CYSEC		up to €20,000			30 : 1
Admiral Markets UK Ltd	United Kingdom - UK FCA		up to £85,000			30 : 1
Admirals SC Ltd	Seychelles - SC FSA					1000 : 1
Admiral Markets AS Jordan Ltd	Jordan - JO JSC					500 : 1

Deposit Insurance

Admirals provides deposit insurance under the regulatory frameworks of its various entities. For example, clients under Admiral Markets Cyprus Ltd and Admiral Markets UK Ltd are covered by a deposit compensation scheme that compensates investors if the firm fails.

This protection enhances the security of client funds, ensuring that client money is segregated from the company's operating capital. This level of investor protection is crucial in maintaining trust and stability in the financial markets.

Spreads and Costs

Admirals has competitive average spreads and costs compared to some of the market-leading brokers. For forex, the average spread is 4.57 pips (commission free), which is relatively higher than brokers like Axi and IC Markets. However, Admirals offers a low average spread of 0.27 for commodities, making it attractive for traders in this asset class.

Combined Spread/Commission Costs by Asset Class Compared to Market Leading Brokers

Crypto averages comprise (BTCUSD, ETHUSD), forex averages comprise (EURUSD, USDJPY, GBPJPY, EURGBP, AUDNZD, CADCHF), indices averages comprise (US30, AUS200), and commodities average comprises (XAUUSD, XAGUSD) and that data is sampled every 10 seconds for 24 hours to calculate the average. Forex is stated in pips, and the others are stated in base currency. All spreads including both spread and commission calculated in.

Our data comes from our sophisticated spread analyzer tool, which collects live account information and syncs with our performance analytics system. To compare all brokers and instruments with the latest live data, visit our spread analyzer tool. A spread is the difference between the bid (sell) and ask (buy) price of an asset and can vary widely between brokers and account types.

Some brokers charge higher spreads but no commission, while others charge both, making it crucial to assess the total cost, which includes both spread and commission. Our values reflect this all-in cost. Note that some brokers may set low costs on popular pairs like EURUSD but higher rates on other instruments.

Many brokers also advertise "as low as" spreads that may not reflect the true average or include commissions. Comparing true all-in cost averages across various instruments and asset classes is vital for accurate assessment.

Combined Spread/Commission Costs Per Instrument Compared to Market Leading Brokers

Comparison to other Brokers

Admirals stands out due to its long history and strong regulatory oversight. It offers competitive spreads and a wide range of tradable instruments, which make it an attractive choice for many traders.

When compared to other brokers like IC Markets, Axi, and RoboForex, Admirals' forex spreads are higher on average, but it excels in commodities spreads. Additionally, its swap rates are generally in line with industry averages.

Admirals' popularity and user ratings are strong indicators of its reliability and trustworthiness in the forex industry. However, brokers like IC Markets and Axi may offer lower costs for certain asset classes, making them competitive alternatives depending on the trader's specific needs.

Trading Platforms - Mobile, Desktop, Automated

Admirals offers MetaTrader 4 and MetaTrader 5 platforms for desktop, mobile, and web, providing flexibility for traders to access their accounts from various devices.

Both platforms support automated trading, with MetaTrader 4 using the MQL4 language and MetaTrader 5 using MQL5. These languages are designed specifically for trading, with MQL5 offering more advanced features and capabilities.

Additionally, the Admirals App is available for mobile and web use, offering a user-friendly interface but without support for automated trading.

What Can you Trade?

Admirals offers a diverse range of tradable instruments, including over 50+ forex pairs, 20+ crypto CFDs, 3,300+ stock CFDs, 20+ stock index CFDs, 360+ ETFs and 29 commodities CFDs. Although  futures CFDs are not available, the extensive range of other instruments makes Admirals a versatile broker for different trading strategies.

Trading CFDs means speculating on the price movement of these assets without owning the underlying asset, which can provide opportunities for leverage but also involves higher risk. For more details on available instruments, visit Admirals' official website.

Available Leverage

Admirals offers varying leverage levels depending on the regulatory entity and the type of instrument. Retail clients can access up to 30:1 leverage under CY CySEC, AU ASIC, and UK FCA regulations, while JO JSC allows for higher leverage up to 500:1 and the SC FSA up to 1000:1. It is important to note that higher leverage increases both potential profit and risk, and traders should use it cautiously.

Prohibited Countries

Admirals cannot open client accounts for residents of certain countries due to regulatory restrictions. These countries include the United States, Canada, Japan, and others where local regulations prohibit the offering of leveraged trading. It is advisable to check Admirals' official website or contact their support team for a complete list of restricted countries.

Admirals (Admiral Markets) Account types

	Trade.MT4	Zero.MT4	Trade.MT5	Zero.MT5
Commission	-	$3.00 Per Side Per Lot	-	$3.00 Per Side Per Lot
Maximum leverage	1000:1
Mobile Platform	MT4 Mobile, Admiral Markets App		MT5 Mobile, Admiral Markets App
Trading platform	MT4, WebTrader		MT5, WebTrader
Spread Type	Variable Spread
Minimum Deposit	100
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts	-			-

	Trade.MT4
Maximum leverage	1000:1
Typical Spread	0.8
Trading platform	MT4WebTrader
Mobile platform	MT4 MobileAdmiral Markets App
Spread type	Variable Spread
Minimum deposit	100
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed

	Zero.MT4
Commission	$3.00 Per Side Per Lot
Maximum leverage	1000:1
Typical Spread	0.1
Trading platform	MT4WebTrader
Mobile platform	MT4 MobileAdmiral Markets App
Spread type	Variable Spread
Minimum deposit	100
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed

	Trade.MT5
Maximum leverage	1000:1
Typical Spread	0.8
Trading platform	MT5WebTrader
Mobile platform	MT5 MobileAdmiral Markets App
Spread type	Variable Spread
Minimum deposit	100
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

	Zero.MT5
Commission	$3.00 Per Side Per Lot
Maximum leverage	1000:1
Typical Spread	0.1
Trading platform	MT5WebTrader
Mobile platform	MT5 MobileAdmiral Markets App
Spread type	Variable Spread
Minimum deposit	100
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed

Admirals (Admiral Markets) Web traffic

Our web traffic data is sourced from SimilarWeb and sums the traffic data of all websites associated with a broker. Organic visits are visits the broker didn't pay for, based on the available data. This data updates once monthly and can be based on data purchased from internet service providers, traffic metrics sourced by a third party such as Google Analytics that the company chooses to share with SimilarWeb, etc.

Admirals (Admiral Markets) Profile

24 hour support

Segregated Accounts

Islamic Accounts

Accepts Canadian clients

Accepts Japanese Clients

Non expiring demo

Trading API

Cent accounts

Negative balance protection

Social trading

Regulatory deposit insurance

Trailing stops

Bonuses

Interest on margin

Fixed spread

Variable spread