Admiral Markets group includes 4 related companies.
Admiral Markets AU - located in Australia, regulated by the Australian Securities and Investments Commission (ASIC).
Admiral Markets UK - located in the United Kindom, regulated by the Financial Conduct Authority (FCA).
Admiral Markets CY - located in Cyprus, regulated by the Cyprus Securities and Exchange Commission (CySEC).
Admiral Markets SEY - located in the Seychelles, regulated by the Seychelles Financial Services Authority (SFSA).
Be aware, UK and CY companies have some trading restrictions because of the European Securities and Markets Authority (ESMA) influence.
Unfortunately, AU company also has been imposed with trading leverage limitations by ASIC since the end of March 2021.
Admiral Markets group accepts clients from all over the world, excluding USA and some third-world countries.
Forex broker offers the following underlying assets for trading.
|45+ Currency Pairs||Based on major and minor world currencies.|
|8 Crypto Pairs||Based on Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Dash, Ripple, Monero, Zcash.|
|16 Indice Cash CFDs||Based on baskets of different blue-chip stocks.|
|4 Indice Futures||Based on baskets of different blue-chip stocks and US Dollar Index.|
|5 Metal Spot CFDs||Based on Gold, Silver, Platinum and Palladium.|
|3 Energy Spot CFDs||Based on Crude Oil (WTI, Brent) and Natural Gas.|
|2 Bond Futures||Based on 10-year Germany Bund, 10-year US Treasury Note.|
|3300+ Stock CFDs||Based on shares of US, UK and EU companies.|
|350+ ETF CFDs||Based on exchange-traded funds containing various tradable assets.|
Founded in 2001, Admirals, formerly known as Admiral Markets, is a fairly large brokerage present in many parts of the world. It is registered and regulated locally in the UK, Cyprus, and Australia, which means that is subject to some of the strictest regulations in the world – among them regulations from the UK Financial Conduct Authority (FCA) and Australia’s ASIC.
Trading instruments offered by the broker include all the common forex pairs, and a fairly standard offering of CFDs based on commodities, indices, shares, bonds and ETFs. For forex trading, up to 40 currency pairs are available, ranging from the most liquid major currencies like the EUR/USD, to exotic ones like the USD/CZK. There is also a table available on the website with live spreads for the most popular currency pairs, along with price charts with live prices of other popular trading pairs.
When trading commodity and index CFDs with Admirals, leverage goes up to a maximum of 1:20. For stocks, however, leverage is capped at only 1:5, while for the more volatile cryptocurrency CFDs it is 1:2. All of this is in accordance with regulatory requirements in the UK, EU, and since 2021 also Australia.
Admirals also offers a suite of more advanced order types for traders to take advantage of, called “volatility protection settings.” For example, these order settings can be used to limit price slippage on market orders and stop orders, while at the same time avoiding activation of the order due to widening spreads when there is low liquidity in the market.
When it comes to trading platforms, Admirals is sticking with the basics, offering its clients the choice between MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Different versions of both platforms are also available for Android, iOS, Mac and web-based trading. Besides this, the broker has also recently launched its own mobile trading app that allows for trading on the go with a simple and intuitive interface.
Account types offered by Admirals are organized according to the category the trader fits into – retail or professional. For traders who are trading under the standard retail trading terms, there are two types of accounts each for the MT4 and MT5 platform, called Trade and Zero. Among these, the Trade account resembles a classic STP account with commission-free trading on most instruments, but with slightly wider spreads. The Zero account, on the other hand, is essentially an ECN account with tight spreads and commissions of between 1.8 and 3 USD per lot for forex and metals trading.
Worth keeping in mind, however, is that the selection of trading instruments is not the same across the two account types. While the Trade (STP) account gives access to all instruments, including CFDs on cryptocurrencies, stocks and bonds, the Zero (ECN) account only offers trading in forex, metals, cash index and energy CFDs. Both account types come with a minimum deposit requirement of 100 AUD/EUR/GBP/USD/SGD.
Deposits and withdrawals can be made through a variety of methods with Admirals. Processing time varies by the method chosen, but can take up to 3 days for bank transfers. Most payment methods will be processed free of charge by the broker when making deposits, but may be chargeable when requesting withdrawals. The exception to this is withdrawals via bank wire transfer, which will be processed free of charge up to 2 times per month for each client.
A hotline to the broker’s trading desk is available for all trading related enquiries. Other support related issues should be taken with the broker’s customer support hotline, or by emailing them. Remote technical support for MT4 and MT5 is also available upon request.
A nice additional benefit with Admirals is the rather large selection of educational materials on trading in the form of webinars, tutorials, forex & CFD trading seminars, as well as online lessons related to various topics in trading.