Admiral Markets Review

Admiral Markets Review

✔️ Trade from 25 USD
✔️ Leverage up to: 1:500
✔️ Competitive spreads
✔️ Free real-time charts

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Ready To Trade With Admiral Markets? Read This Admiral Markets Review First!

Admiral Markets boasts of more than 15 years of experience in the Forex industry, after launching its brokerage service as early as 2001. Admiral Markets is primarily an Estonian Forex broker that also has its presence in the UK. Naturally, Admiral Markets is regulated by the Estonian Financial Supervisory Authority, as well as the Financial Conduct Authority (FCA) of the UK. Admiral Markets Regulation and its European regulatory licenses allow the company to serve traders from all over Europe through the MiFID derivative.

The Derivative on Markets in Financial Instruments (MiFID) is a regulatory initiative developed by the European Parliament and the European Economic Area Agreement for creating a uniform code of regulatory guidelines for financial companies operating in the EU. One of the primary reasons why traders may opt for an Admiral Markets account is due to the fact the broker has been running strong even after such a lengthy stint in the industry.

Several brokers resort to financial malpractices and other dishonest broker scams, which may wipe them away from the mainstream retail market. Some regulated brokers also face significant sanctions or penalties from their regulatory authorities, which may prevent them continuing their business under the same brand name.

In other cases, brokers may end up with insolvency problems or liquidation due to bankruptcy or other legal concerns, which may end the operations for good. Another aspect of opening an Admiral Markets Forex trading account is the unprecedented access to the sheer number of tools and educational resources made available to all account holders. Admiral Markets is considered to be a pioneer in providing different analytical tools such as market heat maps, Autochartist access, market sentiment reports, and a host of other technical and fundamental analysis that is designed to keep a trader informed about the prevailing trends in the market. New traders are also offered an excellent training program, which not only allows beginner traders to learn the essential facts of trading but also provides an opportunity for experienced traders to revise their knowledge of markets to reinvent their strategies for better returns.

What Is The Cost Of Trading At Admiral Markets?

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There are three different types of accounts available to traders depending on their initial investment. The lowest trading capital required for opening an account at the broker is $200, which gives you access to the Admiral.Markets micro account, one of the most popular options from the company. The micro account provides a maximum leverage of 1:500, which can be decreased according to the trader’s requirements. The micro account also provides ultra-competitive spreads starting from 0.8 pips on the majors, which may increase according to market conditions.

Regardless of the competitive Admiral Markets leverage and spreads, the minimum deposit of #200 might sound too much for smaller retail traders, who are looking for accounts that start from $5 or $10. The second type of account is an ECN account, known as the Admiral.Prime, which lowers the spreads to 0 pips and a commission of $3 per lot. The leverage is further reduced to 1:200, which can be used with a minimum initial deposit of $1000. The third type of account is the Admiral.MT5 account, which incorporates all trading rules imposed by the MT5 platform such as no hedging, and is more suitable for traders that are more comfortable with the MT5 platform rather than the MT4 platform.

The MT5 account has a minimum deposit requirement of $1000 with a maximum leverage of 1:100 and 0.2 pips spread. The commission for trading is also dependent on the trading volume, with each trade costing 0.003% of the volume opened at the market price. Admiral Markets spreads are undeniably on the lower side, enabling traders to take advantage of the great cost savings, especially for high-frequency traders. The commission for ECN accounts is also comparatively cheaper than competing ECN brokers, which further provides an incentive for traders to try out the immense liquidity offered directly from the liquidity providers. The only drawback is that the minimum deposit is relatively higher, which may direct traders to open ECN accounts at other leading Forex brokers in the market. The Admiral.Markets and Admiral.Prime accounts offer market access through the MT4 terminal.

Only the Admiral.MT5 account makes use of the MT5 platform, while traders mostly choose the MT4 as their preferred Admiral Markets platform due to the numerous advantages of the MT4 over the MT5 interface. Mobile Forex traders can also download the MT4 Admiral Markets app on their respective app stores, which should enable them to trade the markets on the move. In addition to the standard MT4 terminal, traders can also download the MT4 Supreme Edition plugin to incorporate more features into the existing interface. The Supreme Edition platform promises to offer more functionalities and an advanced interface for seasoned and professional traders.

As far as financial instruments are concerned, the ECN accounts offer access only to Forex currency pairs and spot metal CFDs, while the Micro account offers stocks, bonds, futures, energy, and cash index CFDs along with the conventional FX currency pairs. The broker has undoubtedly made it difficult for its customers by providing a highly confusing product lineup, but it is clear that the broker can offer different instruments through its micro account owing to its market maker nature. The Prime and MT5 ECN accounts are connected directly to the liquidity provider, which prevents Admiral Markets from offering any other financial instruments, apart from Forex currency pairs and precious metals. Admiral Markets might not make sense for traders due to the array of options available in the FX market. The higher trading capital and confusing product portfolio will most likely deter traders from opening an account. Nevertheless, FCA regulation and competitive spreads should help the company to stay afloat in this highly competitive financial market.

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Admiral Markets Review