Admiral Markets
Not Bad 8.9/10
  • Admiral Markets

  • Regulated:  FCA, CySEC, ASIC, EFSA
Broker Name: Admiral Markets
Platform(s): CFD, Crypto
Founded: 2001
Bonus: N/A
Spreads: Very Tight
Leverage: Medium
Regulated: FCA, CySEC, ASIC, EFSA
Demo Account: Yes
Minimum Deposit: 100
US Traders: Not Accepted
Screenshot 1
Screenshot 2

Admiral Markets Review

by Martin Kay

Why Admiral Markets Doesn’t Suck In 50 Words

Regulation, solid choice of trading platforms, tight spreads (as low as 0.5 pips for EUR/USD), cryptocurrency trading, Negative Balance Protection (account balance cannot go below zero) and a relatively low first deposit at 100 USD minimum.


Why Admiral Markets Sucks In 50 Words

US Traders are not accepted and while a lot of people are unaffected by this, I am sure that it sucks for Americans who are looking to trade with a reliable, regulated broker.


Is Admiral Markets A Scam?

No way! Take a look at their regulation, see how long they’ve been in business and you’ll clearly see this broker cannot be a scam. FCA, ASIC, and CySEC are three of the most prominent financial regulators in the trading world and usually, if a broker is regulated by even one of these entities, we can safely say they are not a scam. But Admiral Markets is regulated by ALL three, plus EFSA, so if they are a scam, that would mean regulation is useless, which I seriously doubt.


Should I Open An Account With Admiral Markets?

Admiral Markets is a well-known, respected CFD broker that’s been in business since 2001. Depending on the location you access the website from, you will be registering with either Admiral Markets UK Ltd (regulated by the FCA – reference number 595450), Admiral Markets AS (regulated by the Estonian Financial Supervision Authority – licence number 4.1-1/46), Admiral Markets Cyprus Ltd (Regulated by CySEC – licence number 201/13) or Admiral Markets Pty Ltd (regulated by ASIC – ABN 63 151 613 839). All the companies mentioned so far are members of Admiral Markets Group AS.

This broker seems to tick all the boxes and to have all the characteristics of a trustworthy trading partner. The available platforms are Meta Trader 4, Meta Trader 5, WebTrader (Meta Trader’s web-based version), and Meta Trader Supreme Edition Add-On. The latter is a package of additional features for MT4 and MT5, such as a built-in economic calendar, market sessions map, advanced order types, trade alerts, and more. The good thing is that it’s free and available for even the lowest deposit, so I don’t see why you shouldn’t use it.

Admiral Markets offers three types of accounts: Trade.MT5, Invest.MT5 and Zero.MT5 (Trade and Zero also have MT4 counterparts). Invest.MT5 is a recently introduced account type that allows trading over 4,000 Stocks and over 200 ETFs. As for the other two account types, both have the same minimum deposit requirements and similar trading conditions but the Zero account will have spreads starting from 0 pips and a commission between 1.8 – 3.0 USD per 1 lot. On the other hand, the Trade.MT5/MT4 account doesn’t have commissions for Forex and other asset classes but has higher spreads (which are still very tight, starting at 0.5 pips). The lowest deposit is 100 USD but this minimum only has to be met on your first deposit and after that, it goes to 50 USD.

Admiral Markets offers a wide selection of cryptocurrencies, both as crypto vs fiat pairs and crypto crosses (crypto vs crypto). Spreads are again a highlight of this section, floating at 2.1 for BCH/USD and 52 for BTC/USD, at the time of writing. Considering that some brokers charge spreads of over 150 for BTC/USD, Admiral Markets is very competitive in this department and definitely worth checking out if you are looking to trade CFDs on crypto.

The education section is complex, consisting of webinars, seminars, tutorials, articles, and a 21-day course titled Zero to Hero. The course is free and will teach you the basics of technical and fundamental analysis as well as real-time and real market trading techniques. As we’ve already said above, this broker ticks all the boxes and looks like a solid choice whether you are looking for your first trading account or want to replace your current broker.

Admiral Markets UK Ltd has a registered office at 16 St. Clare Street, London, EC3N 1LQ, United Kingdom. Admiral Markets Cyprus Ltd has a registered office at Dramas 2, 1st floor, 1077 Nicosia, Cyprus. Admiral Markets Pty Ltd has a registered office at Level 10, 17 Castlereagh Street Sydney NSW 2000.

The broker can be contacted at email [email protected] and phone (UK) +442035041364.


Admiral Markets Complaints

With a long time in business, it’s only normal that not 100% of your clients are satisfied and Admiral Markets had its share of backlash, but not all of it seems well-founded. For example, a user complained that his account opening documents were not verified for 4 (FOUR) years. I don’t understand, did he really wait 4 years to post a complaint on a trading forum? Did he try contacting the broker in the meantime? It sounds a bit weird but maybe that’s because we don’t have all the details. Other users have complained about having to send extra documents before being able to withdraw, but it’s not unusual for regulated brokers to ask for additional verification.


Admiral Markets Regulatory Warnings And Announcements

The British Financial Conduct Authority (FCA) has warned that Admiral Markets UK Ltd was cloned by individuals that used the details of the real firm to gain the trust of unsuspecting clients. This is by no means a stain on Admiral Markets’ reputation because the warning wasn’t directed at them, but it is worth mentioning. Always check you are doing business with the real firm, not a clone. See warning here.


Admiral Markets Withdrawal

Withdrawals can be made via bank transfers, PayPal, Skrill, and Neteller, with no minimums for wires and 1 USD minimum for Skrill and Neteller. The processing time is up to 3 business days for wires and instantaneous for the other methods, which is great. Although credit cards are not listed as a withdrawal method, upon speaking to a support rep, we found out that if you make a deposit via credit card you will be able to withdraw money to this card.


Admiral Markets Extras

Instant withdrawals, Negative Balance Protection, no minimum withdrawal limits, supervision from 4 financial regulatory bodies (depending on the region you access the broker from). A recently introduced account type (Invest.MT5) allows you to trade over 4,000 stocks and over 200 ETFs.


Admiral Markets Overall Ratings

User Friendliness 16/20

The website is clean and has accessible information, translated into 32 languages. The trading platforms are great but not suited for the complete newbie. Demo accounts are available, as well as mobile platforms but US clients are not accepted.


Range Of Markets, Spreads And Leverage 18/20

The broker offers 40 currency pairs, 32 cryptocurrency pairs (crypto vs fiat as well as crypto vs crypto), 26 commodities, 40 indices, over 3300 stocks, and over 300 ETFs, so it’s safe to say the number of their tradable assets is huge. All these assets can be traded as CFDs but Admiral Markets also offers Stock and ETF trading.

Spreads are very tight, starting at 0.5 pips for EUR/USD, around 3 USD for Bitcoin Cash (vs USD), and about 50 USD for Bitcoin (vs USD). These are floating so they can change according to market conditions. Leverage goes up to 1:30 for Forex pairs for retail customers and higher for professional clients. Crypto leverage is limited to 1:2.


Fees And Support 16/20

Apart from spreads and rollovers (normal trading fees with all brokers), clients will have to pay a 1% fee for withdrawals to PayPal, Skrill, and Neteller and a 25 USD fee for wire transfers. However, please note that the first 2 withdrawals every month are free. Support was very quick to respond and answered all questions without any fuss.


Deposits And Withdrawals 18/20

The first deposit has a minimum requirement of $100; the methods are bank wires, credit cards, PayPal, Skrill, Neteller, iDeal, and a few other local methods. Withdrawals take up to 3 business days for bank transfers but are instantaneous for PayPal, Skrill, and Neteller.


Extras 18/20

Webinars, seminars, a 21-day trading course (Zero to Hero), Negative Balance Protection, instant withdrawals, ETF and Stock investing, full regulation from respected financial watchdogs, economic calendar and news right on the trading platform. Overall a very good selection of features.


Admiral Markets Overall Rating (86) + Regulated (+3) = 89/100

Notice!: This Broker has been rated above average by our Staff. Start your trading career with a Top Rated Broker Now!.