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Admiral Markets Broker Review
Address: Admiral Markets UK Ltd. 16 St Clare Street, London, EC3N 1LQ
Phone: 44 2035140756
- Market leading trading platforms
- Multi-Platform Support
- Global Presence
- Negative balance protection
- Award winning Forex broker
From 0 pips
From 1 pip
From 0.5 pips
From 0.1 pip
From 0.04 pips
Our Overall Rating
- High levels of regulatory compliance and customer protection
- Excellent customer support
- Huge range of high-quality learning and research resources
- Relatively few advanced trading courses offered
- Not much support for exotic currencies
- Limited social and copy-trading features
Established in 2001, the Admiral Markets Group is one of the most well-known and well-established brands in the online trading and investment space. Since its relatively humble origins, Admiral Markets has gone from strength to strength, and it now finds itself with a presence across the world through a network of offices. With almost two decades of experience under its belt, and a client base now in the hundreds of thousands, Admiral Markets is obviously doing something right. What exactly keeps customers coming back to Admiral Markets, and how has it managed to stay so competitive despite the increase in competition in the online trading and investment space?
Since being founded as a trading platform that enables retail investors to trade forex currency pairs and CFDs on indices, metals, energies, stocks and bonds, Admiral Markets has managed to keep its edge by putting innovation at the centre of everything it does. Most recently, this has seen the broker expand into the cryptocurrency space, with users now able to trade CFDs on a range of digital currencies. Additionally, Admiral Markets has managed to carve out a name for itself by developing and launching a range of additional trading tools and research resources that give it the edge when compared to some of its more basic competitors. Some of these features include premium analysis tools and industry-leading news resources.
Despite the professional look and feel, however, Admiral Markets has consistently managed to prove popular with novice traders, and has even won awards for being a beginner-favourite trading platform. It is this combination of high-level trading tools and resources, coupled with beginner-friendly usability, that has kept Admiral Markets as the trading platform of choice for hundreds of thousands of traders across the world.
Keep reading the review for the full rundown of everything that Admiral Markets has to offer, and to see how it really stacks up against the competition!
Commissions & Fees
Currently, Admiral Markets offers a number of different account types to users of the platform. This will determine what fees and commissions are paid on trades. Furthermore, depending on what trading platform are used, this will dictate what type of accounts can be opened with Admiral Markets.
For those using the MetaTrader 5 platform, there are three main account options: the Trade.MT5 account, the Invest.MT5 account, and the Zero.MT5 account. The Trade.MT5 account is the most popular and is primarily aimed at day traders. It provides trading from 0.5 pips. Commissions on trades start from 0.01 USD per share, though these are only levied on single-share and ETF CFDs.
The Invest.MT5 account is aimed at longer-term investors who want to use the Admiral Markets platform, and provides trading from 0 pips, with a commission of 0.02 USD to be paid only on stock and ETF CFDs.
The Zero.MT5 account provides trading for 0 pips, though the commissions are higher on forex, metals, cash indices and energies. These range from anywhere between 0.05 and 3.0 USD.
Those using the MT4 platform can choose a Trade.MT4 account or a Zero.MT4 account. The Trade.MT4 account starts from 0.5 pips, while the Zero.MT4 account starts from 0 pips. Both account types will have commissions payable on certain instruments, which range from 0.01 USD to 3.0 USD.
Additionally, there is also a professional-grade trading account, though this is only available to certain traders.
Generally speaking, Admiral Markets is incredibly transparent when it comes to costs, fees and pricing. Information relating to fees and commissions is incredibly easy to find, and it never feels like Admiral Markets is trying to hide or obscure this information. We were particularly impressed by the inclusion of a ‘Trading Calculator’, which allows users to estimate the price of a trade before committing to it. This is particularly useful for novice traders still getting to grips with online trading.
Platforms & Tools
In terms of how trading is delivered via the Admiral Markets platform, much like the majority of the online brokers out there, Admiral Markets relies on the MetaTrader suite of software and tools. While the choice to use MetaTrader might seem like an obvious one, there is good reason for this. MetaTrader is by far the most well-established trading platform around and is used by the majority of online brokers currently operating.
The two main choices available on the Admiral Markets platform are the MetaTrader 4 and MetaTrader 5 platforms (MT4 and MT5, respectively). MT4 is by far the most popular trading platform around, and is well loved by traders of all experience levels for its ease of use, functionality, and advanced trading features. It is highly customisable and incredibly robust. For these reasons, it is much loved by novice and advanced traders alike.
In addition to the MT4 platform, Admiral Markets has also begun offering users the option to download the MT5 platform. Although it is the long-awaited update to the MT4 platform, the uptake of MT5 by online brokers has been relatively slow, with few offering support for it at the time of writing. As such, we were really impressed to see Admiral Markets keeping ahead of the curve and offering support for it so early on. The MT5 platform is a refreshing update to the classic MT4 formula, and is by far the best piece of tech for trading forex and CFDs online.
Admiral Markets also offers a number of other tools from the MetaTrader suite. These include the ‘Supreme Edition’ of MetaTrader and the ‘WebTrader’ platform. The Supreme Edition of MetaTrader is, essentially, an add-on that can be downloaded for either MT4 or MT5. It provides some of the most advanced tools to traders. In particular, the Supreme Edition significantly beefs up the technical analysis tools, and adds in a number of useful widgets. It also makes a number of user-interface adjustments to improve the trading experience.
In terms of the products and instruments that can be traded with Admiral Markets, we are pleased to report that it offers a really solid selection that should more than meet the needs of most traders regardless of their experience level. While it is particularly strong when it comes to forex trading options, in recent years it has significantly expanded its CFD offerings. Most recently, Admiral Markets has also started to provide support for cryptocurrencies.
Users of the platform can trade a total of 40 CFDs on currency pairs, which mainly stick to the major currency pairs. Minor and exotic currencies pairs are relatively few and far between, however.
Additionally, Admiral Markets also provides access to CFDs on commodities, indices, shares, ETFs, bonds and cryptocurrencies. In total, Admiral Markets provides instant access to just shy of 4,000 CFDs. While not necessarily the biggest selection that we have seen, it should nevertheless more than meet the needs of most traders.
Admiral Markets has a well-staffed customer service team on hand to address any queries that users might have with their accounts.
As a broker with a global network of offices and an international client base, Admiral Markets is a multilingual broker, with customer support offered in a number of languages. Queries can be directed to the customer support team via email, phone or a live-chat feature directly through the website. Urgent queries are best directed through the live-chat box, as this seemed to have the quickest response times overall.
Another feature that we were really pleased to see was remote support for the MT4 and MT5 trading platforms. Often, online brokers are quite slow to provide direct help for the MetaTrader software, so it is really good to see Admiral Markets supporting its clients in this way.
One of the areas where Admiral Markets performs the strongest is the variety and quality of the educational, learning and research resources that it makes available to users of the platform.
Admiral Markets has a wide range of learning materials on offer, including the usual resources such as webinars, eBooks, articles, trading guides and lectures. While these are all of high quality, we were most impressed by the online courses. The online courses provide fully guided programmes that give users the opportunity to learn the ins and outs of trading. They have been put together by a team of highly experienced trading professionals and are the perfect way for users to get started on their trading journey. Although aimed primarily at the novice trader just getting started, the courses were of such depth and quality that we would recommend them to both beginner traders just getting started and more experienced traders looking to brush up on some fundamentals. Best of all, these courses are entirely free!
Another aspect of the research and learning resources on offer that we really appreciated was how they are divided up into beginner, intermediate and advanced skill levels.
Admiral Markets has a number of research-specific resources on offer. These can be found in the ‘Analytics’ section of the website and include news feeds for undertaking fundamental analysis, a well-resourced economic calendar, a dedicated ‘Trader’s Blog’ with all the latest industry news, and technical analysis resources for all the number crunchers out there! We were particularly impressed by the ‘Market Sentiment’ section, which allows users to tap into the beating pulse of the forex market in a visual-heavy breakdown.
The premium analytics resources offered are delivered through a partnership with Dow Jones, Trading Central and Acuity, which helps to add to the professional feel of trading on the Admiral Markets platform.
Ease of Use
Generally speaking, the experience of using the Admiral Markets platform is excellent. When the website is first loaded up, it is clear that the designers have put a huge amount of effort into making the platform as easy to use as possible. Importantly, however, as a platform that advertises itself both for the novice and more advanced traders, it manages to pack in a huge amount of functionality without feeling too clunky or awkward to use. Information is easy to find on the website, with drop-down menus used to full effect.
Another added ease-of-use feature that we were really impressed by was the use of the MetaTrader ‘Supreme Edition’ tool. This is an add-on that can be installed into the MT4 or MT5 trading platform. It not only adds in extra technical analysis and account management features, but also makes some noticeable ease-of-use improvements. The mini trading terminal is particularly useful, and acts as a handy trade management tool that can be kept on the screen without cluttering it. Although seemingly a relatively small ease-of-use tweak, it is surprisingly useful.
Additionally, the Supreme Edition of MetaTrader makes a number of tweaks to the main trading terminal, which manage to improve an already well-polished product! For these reasons, Admiral Markets ranks very highly when it comes to design and usability.
Admiral Markets does not have a proprietary mobile trading app. However, full mobile trading support is provided through both the MT4 and MT5 platforms, both of which have dedicated mobile apps. These mobile apps come in both Android and iOS versions and do an excellent job of scaling down the MetaTrader trading experience for a format with less screen real estate.
Additionally, the MetaTrader WebTrader platform can also be accessed through mobile devices, which is a great option if users don’t want to download a dedicated app.
Generally speaking, the experience of trading through the MT4 and MT5 apps is pretty good. Although it doesn’t offer quite the same level of functionality as the dedicated desktop version, users can nevertheless keep an eye on their accounts, monitor their trades, and execute trading strategies with relative ease.
Although the Admiral Markets platform is not necessarily built around social trading and copy trading, it nevertheless has a number of options available. These are primarily provided through the MT5 and MT4 trading platforms, which provide full support for automated trading solutions. While not as full featured or extensive as other trading platforms, they should meet the needs of the average trader. Those looking for more extensive robo trading features might be better served trying out a different platform though.
In response to the rise of digital currencies, Admiral Markets recently added support for a range of cryptocurrencies. Users of the Admiral Markets trading platform are given instant access to trade CFDs on Bitcoin, Litecoin, Ethereum and a number of other digital currencies, including Ripple. In total, 32 different cryptocurrency CFDs are supported by Admiral Markets.
Although it is not necessarily the biggest selection of cryptocurrencies, the selection on offer should satisfy the needs of most traders looking to diversify their portfolio.
One of the most important aspects of an online trading broker is what sort of regulation and customer protection policies and procedures it has in place. Having a properly licensed and regulated broker is important because it not only ensures that it will handle users’ trading funds correctly, but also that they will be protected in the event that anything goes wrong.
Thankfully, when it comes to licensing and regulation, Admiral Markets score incredibly highly. Admiral Markets is an acknowledged leader in this area, and is licensed and regulated by a number of different regulatory bodies, including the UK Financial Conduct Authority, the Estonian Financial Supervision Authority, and the Cyprus Securities and Exchange Commission.
Additionally, Admiral Markets is licensed to operate in the EU. This means that the broker also has a raft of other customer and deposit protections in place. Importantly, this also includes the MiFID II regulations.
Some of the customer trust and safety protections that Admiral Markets has in place include the segregation of client funds, negative balance protection, the investor compensation fund, and a ‘treating customers fairly’ policy. While these are not necessarily unique to Admiral Markets, we were particularly impressed with how open and transparent the broker is about letting customers know about them. The information on these procedures and policies is readily available through the Admiral Markets website, and it is written in plain English.
Overall, Admiral Markets has put together an incredibly sleek trading package that is equally well suited to beginner and advanced traders alike. Although the commissions are higher than we might expect on certain asset classes, the spreads are competitive regardless of the account type.
Beyond the pricing structure, Admiral Markets has a huge amount to offer traders. We were particularly impressed by the range of trading tools it offers, as well as the educational and learning resources.
Admiral Markets is an established broker that maintains high levels of customer protection, provides a number of different resources to help users improve their trading game, and gives access to competitive trading rates. Traders could do a lot worse than choosing Admiral Markets!
Read our Admiral Markets review, written by independent experts. We have covered all brokerage aspects in detail to help you make the right decision.
Latest Broker News
In this appalling situation when the COVID-19 is affecting the global economy, trading platforms are trying to ensure that the traders are facilitated and encouraged to make investments in the market and keep the economic activity active. Due to the virus, the market volatility has hit a 10-year high and many traders and investors are looking for safer assets to insulate their portfolios from the shock.
Admiral Markets has allowed the traders to invest in high-yield stocks because they are less volatile than growth stocks. Moreover, they also offer passive income via dividends when the share prices are not growing with that same ratio like you expected. For traders who want to hold on to the stocks for a longer time, the high-yield stocks are the best.
These days because of the coronavirus pandemic, the online sales of e-commerce stores have skyrocketed and the share prices have also increased significantly. Admiral Markets is also offering the global stocks of ecommerce stocks. Some of the most popular ecommerce brands are listed on Admiral Markets including Amazon, eBay, Walmart Stores Inc. AliBaba, and many others. The trades are carried by MR5, that gives you access to over 3,000 markets via CFDs.
Besides the ecommerce stores, health and biotech companies are also at the forefront and many investors are looking to get on board. With Admiral Markets, they can also start investing in both health and biotech stocks.
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