In this Broker Review, ForexInfoBook team presents factual information about Admiral Markets broker regulations, trading conditions and advantages of trading with them.
- Admiral Markets UK Ltd is regulated by the Financial Conduct Authority (FCA) : Registration number 595450.
- Admiral Markets AS is regulated by the Estonian Financial Supervision Authority (EFSA) : License number 4.1-1/46.
- Admiral Markets Cyprus Ltd is regulated by the Cyprus Securities and Exchange Commission (CySEC) : License number 201/13.
- Admiral Markets Pty Ltd is regulated by ASIC and holds an Australian Financial Services Licence : AFSL no. 410681.
In the unlikely event that Admiral Markets faces insolvency, traders may be eligible to be compensated by the Financial Services Compensation Scheme (FSCS). The compensation amount is up to £50,000. If the bank which is used to hold segregated client money goes into liquidation, any losses would be shared by clients in proportion to their share of the total amount held with the failed bank. Any funds lost as a result of this would be covered by the FSCS up to a limit of £50,000 per client.
Click here to read more about why FCA (UK) regulated brokers is the best choice for Forex traders
Click here to read more about why ASIC (Australia) regulated brokers is a very popular choice for Forex traders
Negative Balance Protection
Retail Clients of Admiral Markets have full and unconditional protection from account deficits and are covered on per-account basis with no limits to maximum payout.
Admiral Markets compensates account deficits for Professional Clients in accordance with their Negative Balance Protection Policy, covering up to £50,000 per client.
Wide Range of Trading Instruments and platforms
Admiral Markets offers a wide range of products which include Forex, Commodities, Indices, Bonds, Cryptocurrency and ETF.
Trader have the choice of MT4, MT5, MT4 Supreme Edition and MT Webtrader. Both MT5 and MT4 are avialable for desktop and mobile (iOS, Android)
The maximum leverage varies depending on your categorization (Retail Client or Professional Client) and the regulation under which the traders opens the account. Accounts opened with Admiral Markets UK (regulated by ASIC) can have maximum leverage of up to 1:500. Leverage on accounts under the EU will be restricted to a max of 1:30 by the ESMA regulations.
Limitations to be expected
- Demo accounts are valid for 30 days
- Minimum deposits as low as $ 100
- Relatively few Deposit and Withdrawal options available : Bank Transfer, Credit Card and Skrill
- 75-90% of retail investors lose money trading Forex and CFDs with Admiral Markets.
- No Islamic Account
- Admiral Markets does not serve clients from United States, Canada, Japan, Israel, Iran, Belgium.
Low Spreads and Commissions
The spreads provided by Admiral Markets are reasonably low. Click here to check typical spreads of 0.6 pips seen on the major pairs.
A commission of $3 per lot is charged for Forex Trading. Dpending on the monthly volumes, commissions charged can get as low as $1.8 per lot.
This is a commission for a single side trade. Commission for a round turn trade (opening and closing) is doubled and is fully charged at the opening of the order.
Fast Market Execution Model
Trade orders on Admiral Markets are executed in Market Execution mode where the transaction is processed at the best price available on the broker’s trade server. There is no dealing desk involved. Admiral Markets has significant volumes from their own clients to meet execution requirements of their traders.
Excellent Education and Analytics
Admiral Markets enables traders to make well informed trading decisions by offering educational programs like webinars and seminars to improve their trading skills. A wide selection of analytical tools is available to help traders better navigate the financial markets.
We recommend this broker for traders who wish to remain under EU regulation or those who do not wish for their funds to be on a different continent/jurisdiction.
The trading conditions are reasonably good, but may not be most suitable for trading systems with very low payoff per trade or spread sensitive scalping strategies. The lower leverage on EU regulated accounts may also not be suitable for trading martingale or grid strategies.