Admirals | Admiral Markets Review 2023 - Verified Customer Reviews

Regulations and Money Protection

Entity/Regulation

• Australian Regulation: Admiral Markets Pty Ltd, (ACN 151 613 839), with registered address at Level 10,17 Castlereagh Street, Sydney, NSW 2000, Australia, is licensed by the Australian Securities & Investments Commission (ASIC). Admiral Markets Pty Ltd is registered to carry out financial services business in Australia, limited to the financial services covered by its AFSL licence, number 410681.
  
  
• UK Regulation: Admiral Markets UK Ltd is a company registered in England and Wales with registration number 08171762. Principal and registered office at: 60 St. Martins Lane, Covent Garden, London, United Kingdom, WC2N 4JS. Admiral Markets UK Ltd is authorised and regulated by the FCA with licence number 595450.
  
  
• European Regulation: Admiral Markets Cyprus Ltd is authorised and regulated by the Cyprus Securities and Exchange Commission, with licence number 201/13. The company is also a member of the Investor Compensation Fund (ICF). Admiral Markets Cyprus Ltd is licenced to provide the investment services of reception and transmission of orders, execution of orders on behalf of clients and portfolio management, in the European financial markets, and respecting the MiFID obligations.

Client Money Protection

• Admirals complies with the highest safety standards regarding client's funds. For this reason, Admirals client's funds are kept in top-tier international banks, fully segregated from the company’s funds.
  
  
• Admirals also complies with the client money handling rules and employs strict policies and procedures regarding the maintenance and operation of these accounts. Admirals holds client's money separately to the company funds and does not use these funds for any operational expenses or purposes.

Deposit Compensation Scheme

• Admiral Markets UK Ltd is a member of the Financial Services Compensation Scheme (FSCS), an independent compensation fund of last resort for customers of authorised UK financial services firms. If Admiral Markets UK Ltd is unable to pay claims against it in the event the firm has stopped trading, or has declared to be in default, clients might be entitled to compensation (up to the value of £85,000) per claim.
  
  
• Admiral Markets Cyprus Ltd is a member of the Investor Compensation Fund (ICF), an investor compensation fund for CIF clients and its functions are regulated by the directive DI87-07 of the CySEC. If Admiral Markets Cyprus Ltd is unable to meet its obligations, clients might be entitled to compensation (up to the value of €20,000) per claim, irrespective of the number of accounts held, currency and place of offering of the investment service (within Europe).

Negative Balance Protection

Accounts, Instruments and Platforms

Account Types and Currencies

• Admirals offers mainly two types of CFDs trading accounts; Trade and Zero, both available with the MT4 and MT5 trading platforms. The broker also serves the savvy stock traders with their Invest.MT5 account, specific for stock trading and available only with MT5 trading platform. *Admirals offers swap-free accounts for traders of Islamic belief, only with the Trade.MT5 account.
  
  
• Admirals has a proprietary copy trading service, available via the Trader’s Room dashboard.
  
  
• Admirals have an Asset Management account, designed specifically for money managers.
  
  
• Admirals maximum leverage is 30:1 for accounts opened with the entities in Europe and Australia.
  
  
• Currently, Admirals trading accounts are available in 10 currencies: EUR, GBP, USD, CHF, BGN, CZK, HRK, HUF, PLN and RON.

Financial instruments

• FX market - 50 currency pairs (including Minor and Exotic crosses).
  
  
• Indices - 19 cash world indices including CAC 40, SP 500 and FTSE 100. Also within the indices range, 24 futures contracts of the most popular world indices.
  
  
• Stocks - 3,305 shares from worldwide top companies, fintech and banks, such as Apple, Google, BNP, Facebook, Tesla, and BMW.
  
  
• Commodities - 28 commodities CFDs available for trading; 6 metals (including Gold, Silver and Copper), 4 energies, including UK Oil, US Oil and Nat Gas, 7 soft, including Coffee, Cotton and Sugar and 11 futures contracts of the most popular commodities.
  
  
• Cryptocurrencies - 32 CFDs crosses for trading, divided into 10 cryptocurrencies cross pairs, including BCHBTC, DSHBTC, ETHBTC and 22 cryptos versus fiat (USD and EUR), including Bitcoin, Ethereum, Dash, Ripple and Litecoin.
  
  
• ETFs - 376 ETF CFDs, available through Invest.MT5, from worldwide funds, including iShares JP Morgan USD Emerging Markets Bond ETF CFD and Xtrackers DAX UCITS ETF CFD, for example.
  
  
• Bonds - 2 bonds futures CFDs based off highly rated government issued debt securities, the 10-year Germany Eurobund and 10-year US Treasury Note.

Pricing

Spreads

Rollover Rates

Deposits/Withdrawals and Other Fees

• Deposit fees - Trading accounts can be opened in 10 different currencies and maintained via different funding methods, including cards, bank wires and e-payments, such as PayPal, Klarna and Skrill (depending on jurisdiction). Deposited funds are available almost instantly. Admirals does not charge any fees for deposits, except with Skrill (0,9%, min. 1 EUR / USD) and Neteller (0.9%, min. 1 EUR / GBP).
  
  
• Withdrawals fees - Withdrawals carry fees (processing times vary from instant to 3 working days). Admirals does charges withdrawal fees after the second monthly withdrawal request. For more information, please visit the Admirals deposit and withdrawals dedicated page.
  
  
• Inactivity fee - Admirals reserves the right to charge a dormant account fee to trading accounts deemed dormant. Trading accounts that have not executed any transactions in the previous 24 months, and are not used for holding open position, will be charged an inactivity fee of 10 EUR/month, only charged if the account balance is greater than zero.

Popularity

• Trading accounts - The Admirals Zero trading accounts is a popular choice with traders looking to save on trading costs, with a lower spread and a competitive commission of $6.00 per lot traded.
  
  
• Forex education - Admirals also gets extra popularity points for their extensive range of quality trading education materials, available through the Education tab. Admirals clients can enroll on webinars and trading courses to enhance their trading skills and overall market knowledge, watch and learn with video tutorials, read and make informed decisions with Admirals articles and trading tutorials. A special note for the Analytics tab, packed with 8 great resources, and essential for any serious trader, from Premium Analytics to Weekly Trading Podcast.
  
  

• Minimum deposit - Opening a trading account with Admirals is fast and can be done online, taking around 10 minutes to complete the required forms. The minimum deposit requirement (Trade and Zero accounts) is 100 units of your account currency.
  
  
• Customer support - Admirals multi language customer support service is available 24 hours, 5 days a week, in 11 languages. Admirals support is available via phone call,  contact form, email and live chat directly from the broker's website.

Broker Profile