Admiral Markets Broker Review

Author By Jeffrey Cammack
Updated: April 9, 2021
Overall Rating
4.24 4.24 / 5
Rated #19 of 50 Recommended Brokers
Min. Deposit
USD 25
Regulators
Trading Desk
Trading Cost
USD 5
Website Language
Japanese, Malay, English, Swedish, Portuguese, Indonesian, Arabic, Chinese
Support Language
Malay, English, Swedish, Portuguese, Indonesian, Arabic, Chinese
AlertAccepts Malaysian Clients. Average spread EUR/USD 0.50 pips on trading account with lowest minimum deposit. Max leverage 1000:1. Islamic account available. MT4, MT5 & MT4 Supreme Edition platforms supported. Admiral Markets is regulated by ASIC, CySEC, and the FCA.

Forex Malaysia follows a strict editorial standard in our review process. We may receive compensation when you click on links to products we review. Please read our advertising disclosure.

Summary

Admiral Markets is a well-regulated global online broker offering multi-asset trading on Forex, commodities, indices, shares, ETFs, bonds, and digital currency CFDs.  With full support for the MT4 and MT5 platforms, Admiral Markets is home to the MetaTrader Supreme Edition, a plugin that offers technical analysis on virtually every financial instrument. 

Admiral Markets boasts excellent trading conditions on four live accounts, including low minimum deposits, tight spreads, and low commissions.  The company also has one of the best cryptocurrency offerings on the market. Additionally, Admiral Markets offers clients free access to Trading Central – an independent market insight and technical analysis tool.  One drawback for those considering trading with Admiral Markets is the high deposit fees charged on accounts with different currencies to those offered at the broker.

Malaysians should note that they can choose the regulation under which they trade.  Under the protection of the Financial Services Authority of Seychelles, traders will have access to higher leverage and lower minimum deposits but are not offered negative balance protection.  

Reviews

Regulation
11110.54.5/ 5
Trading Conditions
11110.54.5/ 5
Trading Platforms
11110.54.5/ 5
Deposit & Withdrawal
100001/ 5
Education & Research
111115/ 5
Assets Available
111115/ 5
Customer Service
11110.54.5/ 5
Beginner Friendly
Excellent
Bonuses
None

Account Information

Base Currencies
EUR, USD, GBP, CHF, BGN, CZK, HRK, HUF, PLN, RON, RUB, AUD
Number of FX Pairs
40+
Copy Trading
Hedging Allowed
Scalping Allowed
Islamic Account

Trading Conditions

Min. Spread
0.10 pips
Commission
1.8 - 3 USD per lot
EUR/USD
0.6 pips
GBP/USD
1.0 pips
USD/JPY
0.9 pips
Max. Leverage
1000:1

Company Details

Company Name
Admiral Markets Group
Founded
2001
Office Locations
Australia, United Kingdom, Cyprus, Estonia

Pros

  • Well regulated
  • Excellent education
  • Wide range of assets

Cons

  • Expensive withdrawals

Admiral Markets Intro

Is Admiral Markets Safe?

Founded in 2001 and headquartered in the UK, Admiral Markets is regulated by the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission, and the Financial Services Authority (FSA) in Seychelles.  Malaysian traders should note that the Securities Commission of Malaysia does not currently licence trading with Admiral Markets.  See below for a list of Admiral Market registered companies:

  • Admiral Markets UK Ltd is registered in England and Wales under Companies House – registration number 08171762. Admiral Markets UK Ltd is authorised and regulated by the Financial Conduct Authority (FCA) – registration number 595450.
  • Admiral Markets Cyprus Ltd is registered in Cyprus – with company registration number 310328 at the Department of the Registrar of Companies and Official Receiver. Admiral Markets Cyprus Ltd authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC), license number 201/13.
  • Admiral Markets Pty Ltd registered Office: Level 10,17 Castlereagh Street Sydney NSW 2000. Admiral Markets Pty Ltd (ABN 63 151 613 839) holds an Australian Financial Services Licence (AFSL) to carry on financial services business in Australia, limited to the financial services covered by its AFSL – 410681
  • Aglobe Investments Ltd is licensed by the Financial Services Authority of Seychelles (FSA) as a Securities Dealer in Seychelles under licence number SD073.

Admiral Markets have won many industry awards over the years, the most recent being Best Forex Platform 2019 (ADVFN International Financial Awards), and Best CFD Broker 2019 (DKI’s 2019 CFD Broker Customer Survey). While awards in recent years have focused on the broad strength of Admiral Markets as a brokerage, they are often recognised for their commitment to trading technology, user experience, and customer service.

Under FCA regulation, all client money is kept fully segregated from Admiral Markets’ own assets in an EEA-regulated credit institution. This ensures that clients’ funds are identifiable and available at all times and cannot be used by Admiral Markets for any purpose.  Furthermore, the Financial Services Compensation Scheme (FSCS) exists to protect customers of financial services firms that have failed. The FSCS can pay compensation up to 85,000 EUR if a firm ceases trading with a deficit in their segregated client money.  Furthermore, under the UK subsidiary, traders are afforded negative balance protection. 

Note that Malaysian traders can choose to trade under the subsidiary Aglobe Investments Ltd, regulated by the FSA (Seychelles). This requires choosing to manually switch from the FCA subsidiary to the FSA subsidiary, Aglobe Investments Ltd.  As such, they are offered higher leverage (up to 1000:1) and lower minimum deposits (25 USD).  Under this subsidiary, traders are not offered negative balance protection and can lose more than their initial deposit.  However, trader’s funds are segregated and kept at internationally recognized banks in line with Seychelles Standards.  This review is written according to the information provided under this subsidiary. 

Admiral-markets-intro-2

Trading Conditions

Admiral Markets offers trading on multiple assets, including Forex, indices, commodities, shares, ETFs, and bonds.   With four live CFD accounts, Admiral Markets offers variable spreads starting at 0.50 pips for the EUR/USD and a leverage of up to 1000:1. The minimum deposit on all accounts is 25USD.  Support is offered for both the MT4 and MT5 platforms, and account specifications and features vary depending on the platform.  Commissions are charged on two of its accounts, and stop-out levels are at 50%.  Accounts can be denominated in the following base currencies: EUR, USD, GBP, CHF, BGN, CZK, HRK, HUF, PLN, and RON.  EAs (Expert Advisors) are available for automated trading on all accounts, and Trading Central is free of charge to help clients find trading opportunities in emerging chart patterns.

Malaysian traders will be pleased to note that Admiral Markets offers Islamic swap-free trading on its MT5 accounts.  However, any trades open with a holding period of more than 3 days (1 day for digital currencies and exotic currency pairs) are charged a flat administration fee depending on the instrument. 

Scroll for more detailsPreviousNext
Display Name
Min. Deposit
Max. Leverage
Min. Spread
Commission
Trade.MT4
USD 100
500:1
0.50
None
Account Details
Trade.MT5
USD 100
500:1
0.50
None
Account Details
Zero.MT4
USD 100
500:1
0.0
$1.8-$3.0
Account Details
Zero.MT5
USD 100
500:1
0.0
$1.8-$3.0
Account Details

Demo Account

The demo account is a live market experience available for 30 days.  The demo account will become unlimited in time for those that open a live account.  Included is a balance of 10,000 USD, offering a real trading experience.  Additionally, demo accounts can mirror any of the live accounts offered.

Trade.MT5

A market execution account, with a minimum deposit of 25 USD and leverage up to 1000:1, no commissions are charged for Forex trading.  Spreads start at 0.50 pips for the EUR/USD, and it is available as an Islamic swap-free account.  See below for a list of trading instruments:

  • Currency pairs – 39
  • Metal CFDs – 2
  • Energy CFDs – 3
  • Cash Index CFDs – 12
  • Stock CFDs – 500
  • ETF CFDs – 25

Zero.MT5

The Zero.MT5 account is also a market execution account with spreads starting at 0.0pips on the EUR/USD.  The minimum deposit is 25 USD, and a commission of between 1.8 and 3 USD is charged per lot traded.  This account is also available as an Islamic swap-free account. See below for a list of trading instruments:

  • Currency pairs – 45
  • Metal CFDs – 3
  • Cash Index CFDs – 8
  • Energy CFDs – 3

Trade.MT4

The minimum deposit on this account is 25 USD, and accounts are denominated in USD, EUR, BRL, MXN, CLP, SGD, THB, and VND.  Spreads start at 1.2 pips on this account, and no commissions are charged.  Note that there are no Islamic swap-free options on this account.  See below for a list of trading instruments:

  • Currency pairs – 37
  • Metal CFDs – 2
  • Energy CFDs – 3
  • Cash Index CFDs – 12
  • Stock CFDs – 100

Zero.MT4

The minimum deposit is 25 USD on this account, leverage is up to 1000:1, and spreads start at 0.0 pips on the EUR/USD.  A commission of between 1.8 and 3 USD is charged per lot traded, which is relatively low compared to other brokers.  This account does not offer Islamic swap-free options.  See below for a list of trading instruments:

  • Currency pairs – 45
  • Metal CFDs – 3
  • Cash Index CFDs – 8
  • Energy CFDs – 3

Cryptocurrency Trading

The cryptocurrency offering at Admiral Markets is stronger than most of their closest competitors, but you should choose your account type wisely.

Leverage on these pairs is up to 1:10, long and short positions are available, and spreads are variable.  Spreads are wider than for Forex, but this in line with industry norms. As of this writing, 22 cryptocurrency pairs with Fiat currencies are offered, and 10 cryptocurrency cross pairs.

Spreads and Commissions

The Trade.MT5 and Trade.MT4 accounts have commission-free trading, where fees are included in the spreads. Spreads on these accounts start at 0.50 pips for the EUR/USD.  The Zero.MT4 and Zero.MT5 accounts charge a commission of between 1.8 USD and 3 USD per standard lot in exchange for spreads as tight as 0.0 pips on the EUR/USD.

Admiral-markets-AU-spreads

Deposits and Withdrawals

As a well-regulated broker, Admiral Markets does not process payments to third parties. All withdrawal requests from a trading account go to a bank account or a source in the trader’s name. Deposits can be made via credit/debit cards, e-wallets, and bank wire transfers.  Credit/debit cards are processed instantly, but deposits via wire transfer can take 1-3 bank days to reflect. No commissions are charged on deposits or withdrawals, but should the base currency of a client’s trading account differ from the base currency of the transferred funds, the amount transferred will be converted to the base currency of the client’s trading account, and a 1% fee will be charged.   For those transferring funds via e-wallets in a different base currency, the first 10 transfers will be free, and thereafter 1% of the amount will be charged. 

Withdrawals are only available via wire transfer, with a processing time of 1-3 business days. A fee of 3 AUD (or equivalent) is charged for domestic transfers and up to 20 AUD for international transfers.

Admiral Markets reserves the right to charge an inactivity fee of 10 USD per month for an account deemed inactive.  An account is considered inactive should it have a positive balance and no transactions for 24 months.

Admiral Markets for Beginners

Admiral Markets has invested heavily in helping new traders find their feet, offering an extensive library of educational articles, tutorials, and webinars. For clients looking for active support, the MetaTrader Supreme Edition provides Trading Central chart analysis and analyst recommendations.  Note that neither the Website nor its educational and market analysis materials are translated into Malay.

Educational Material

The educational material available through Admiral Markets is extensive and varied. Split into different sections, Admiral Markets offers a structured course, a knowledge base, an overview of risk management, and frequent webinars.

Admiral Markets provides a free, structured Forex and CFD trading course called Forex 101, designed to help beginners learn how to trade. It is a collection of nine online lessons split into beginner, intermediate and advanced stages, and all lessons are taught by professional traders. The course covers everything from setting up MT4 to managing risk and is an excellent resource for new traders.

Educational Material

The articles and tutorials section covers Forex Basics, Forex Analysis, Forex Strategy, Forex Indicators, Trading Psychology, Trading Software, Automated Trading, and Cryptocurrencies. This section is best used as a knowledge base or as an additional resource once the Forex 101 course has been completed. A separate glossary is on hand to help beginners with new terminology.

The risk management section covers best practices, an introduction to leverage and leverage effect, and how rapidly moving markets can create gaps in charts.

admiralmarkets-risk-management
Admiral Markets Risk Management Process Education

Admiral Markets also provide expert-led webinars. Webinar topics include commentary on the upcoming week or educational webinars like Mastering the 4Ms of Trading, which help traders develop trading skills and build confidence.

Analysis Material

The Trader`s Blog, which is open to all clients, provides daily economic news and context or analysis to help traders find new opportunities through insightful and practical market information.

Other articles include a more in-depth analysis of a specific subject. A recent example is the Trading the DAX30 with the Open Range Breakout Strategy, a detailed step-by-step trading strategy using graphs and data to back up analysis.

The Market Heat Map is a real-time visual method of following asset price movements and obtaining daily trading data from the FX and CFD markets. This tool highlights the most volatile assets, and thus presents various trading opportunities.

Admiral Markets Market Heat Map

Admiral Markets Market Heat Map

The Market Sentiment tool is a visual interpretation of aggregated data from multiple service providers showing the relationship between open long and short positions. Market sentiment data is useful to help understand macro trends and the mood of the trading collective. This information is especially useful for traders holding positions for long periods.

Launched in September 2019, Premium analytics was launched with free access for demo and live accounts.  With it, premium data feeds are used to deliver the best information to traders.  This video (33 minutes) is a full tour of the product.

Lastly, the Forex calendar, or economic calendar, is a list of scheduled events that could affect the currency markets.

Customer Support

Customer support is available during business hours, five days a week, via live chat, email, and phone in 23 different languages, including Malay.  Drop-in appointments are also available at any of their office locations.

Furthermore, remote support for technical issues related to MetaTrader or the MetaTrader Supreme Edition is available to clients during business hours.

For the purposes of this review, we found the customer support polite, responsive, and knowledgeable.

Trading Platforms

Admiral Markets clients will be using MetaTrader software, the CFD trading industry-standard platform; it also offers its own customised plugin for MetaTrader. The platforms include:

MetaTrader 4

MetaTrader 4 (MT4) is still undoubtedly the world’s most popular trading platform for forex traders due to its ease of use, feature-rich environment, and automated trading ability. Features include 50+ preinstalled technical indicators, 24 analytical charting tools, 3 chart types, 9 timeframes, and 1-click trading.  Traders can also add custom EAs and indicators.

MetaTrader 5

MT5 incorporates all of the key features of MT4 and an optimised environment for EA trading. Features include 38+ preinstalled technical indicators, 44 analytical charting tools, 3 chart types, 21 timeframes, additional pending order types, detachable charts, trailing stop, Depth of Market, and an integrated Economic Calendar.

MetaTrader Supreme Edition

A customised plugin for MT4 and MT5 that offers many new features. These are discussed below in the Trading Tools section.

Mobile Apps

IOS and Android Apps – Use the apps when you are on the go to either monitor trades or take advantage of major news events when you are out and about and want to open a trade.

admiralmarkets-market-platforms

Trading Tools

Most of the Trading Tools available through Admiral Markets are included on its proprietary plugin for MetaTrader – the MetaTrader Supreme Edition.  This custom plugin was built by MetaQuotes specifically for Admiral Markets, and it adds powerful features to both MT4 and MT5 on the live and demo accounts.

MetaTrader Supreme Edition

Admiral Markets has partnered with Trading Central to integrate its indicators (Forex Featured Ideas and Technical Insight) into the MetaTrader Supreme Edition. These two highly customisable tools provide pattern recognition and technical analysis for almost all financial instruments, providing traders with a real sense of control over their investments.

Global Opinion Toolset

Also included in the MetaTrader Supreme Edition is the Global Opinion toolset. These tools scan and contextualise millions of financial news stories and social media posts daily, giving traders a dynamic view of market sentiment. They can drastically reduce the length of time traders need to spend on daily research by flagging-up the best assets to trade and warning of changes in the market that may impact trade success.

Mini-Terminal

Additionally, a new mini-terminal facilitates trade management by making commonly-used trading features more accessible than in the native version of the software. A mini-chart feature also lets traders see multiple time frames and chart types in a single chart.

An additional Trade Terminal feature helps traders manage multiple orders concurrently, using the same advanced trade management features of the mini-terminal.

Tick Chart Trader

Tick Chart Trader allows clients to trade tick charts fast and accurately. An additional Indicator Package with the latest indicator technology delivers more chart information and trading signals within the trading tool.

Trading Simulator

Finally, a trading simulator is available to backtest strategies on historical price data. Until this feature was conceived, traders were limited to testing strategies with a demo account in real-time. The trading simulator enables traders to test multiple strategies on the same data set to find the optimal strategy for different market situations.

Evaluation Method

We value transparency and openness in the way we review the partners. To bring transparency to the forefront, we have published our review process that includes a detailed breakdown of the Admiral Markets offering. Central to that process is the evaluation of the reliability of the broker, the platform offering of the broker, and the trading conditions offered to clients, which are summarised in this review. Each one of these is graded, and an overall score is calculated and assigned to the broker.

Admiral Markets Risk Statement

According to regulation, brokers are required to be transparent with Forex traders about their the complexity of financial products and also disclose the extent to which traders can lose their money.  Admiral Markets wants you to know:  CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Conclusion

Admiral Markets is a leading global online STP broker.  It boasts excellent trading conditions with tight spreads and low commissions on both the MT4 and MT5 platforms.  With excellent regulation, comprehensive trading tools, and educational content, Admiral Markets is one of the top Forex and CFD brokers. Customer support is also highly responsive and knowledgeable. 

AlertAccepts Malaysian Clients. Average spread EUR/USD 0.50 pips on trading account with lowest minimum deposit. Max leverage 1000:1. Islamic account available. MT4, MT5 & MT4 Supreme Edition platforms supported. Admiral Markets is regulated by ASIC, CySEC, and the FCA.

Scroll for more detailsPreviousNext
Overall Rating
Min. Deposit
Regulation
Trading Desk Type
Trading Instruments
Forex Pairs
Crypto Pairs
Pros
Cons
Regulation
Trading Conditions
Trading Platforms
Deposit & Withdrawal
Education & Research
Assets Available
Customer Service
% Lose with this broker
Leverage
Spread
Hedging
Scalping
Account Types
Islamic Account
Trading Platforms
Funding Methods
Trading Commission
11110.54.24/ 5
USD 25
STP
Cryptocurrencies
Forex
Indicies
Metals
Equities
Bonds
WTIs
40+
32
  • Well regulated
  • Excellent education
  • Wide range of assets
  • Expensive withdrawals
11110.54.5/ 5
11110.54.5/ 5
11110.54.5/ 5
100001/ 5
111115/ 5
111115/ 5
11110.54.5/ 5
76% of retail investor accounts lose money when trading CFDs with this provider
1000:1
0.10 pips
Trade.MT4
Trade.MT5
Zero.MT4
Zero.MT5
MT Supreme
Visa
Mastercard
Skrill
Neteller
POLi
Bitcoin
Bank Transfer
1.8 - 3 USD per lot
1110.503.52/ 5
USD 500
STP
Forex
Equities
Cryptocurrencies
Commodities
40
5
  • Well regulated
  • Great platform choice
  • Innovative trading tools
  • High minimum deposit
  • Expensive withdrawals
  • Limited account options
111104/ 5
111104/ 5
11110.54.5/ 5
100001/ 5
110002/ 5
111104/ 5
1110.503.5/ 5
76% of retail investor accounts lose money when trading CFDs with this provider
30:1
0.20 pips
live account
Visa
Bank Transfer
Skrill
€/$5 per 1 lot

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