Admiral Markets Broker Review

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  💻 Demo Account:	Yes
  ⚖ Allows Hedging:	Yes
  🔪 Allows Scalping:	Yes
  🏢 Headquarters:	Tallinn, Estonia
  📅 Founded:	2001
  📈 Trading Platform(s):	MetaTrader4, Admiral Markets Web Trader, iPhone iTrader, Android Trader, Blackberry Trader, iPad iTrader, MetaTrader5
  📜 Regulating Authority(s):	MiFID, FSA
  💰 Minimum Deposit:	$10
  📣 Maximum Leverage:	500:1

  Visit Admiral Markets
  Risk Warning: Your capital may be at risk

  $10

  Minimum Deposit

  500:1

  Maximum Leverage

  2001

  Founded

  Our Review of Admiral Markets

  Admiral Markets

  Admiral Markets is one of the leading providers of trading and investing services online. Their fields of interest include futures, options, foreign exchange, commodities and stocks. Established in 2001 in Estonia, it has representative offices in over 30 countries in different parts of the world. The company also proudly declares that it has the capability to supply real time and up-to-date data from global financial markets. The team at Admiral Market strives hard to provide clients with all the powerful tools that they need for profitable and successful trading and making the right decisions.

  Account Types

  There are a number of accounts that people can open at Admiral Markets. One of these is the Admiral Pro. This is a type of ECN account that comes with a wide range of features. Aside from being able to access the day traders, scalpers and Autochartist plug-ins for free, people will find its no-reqoute five-digit pricing model to be ideal for their forex trading needs.

  Admiral MAM is another type of foreign exchange account from Admiral Markets. This allows investors to profit without the need to trade on their own while allowing managers to get paid for managing the trades of others.

  Admiral MAC is another account that people can use when performing foreign exchange. This lets people profit by simply copying the orders of an experienced trader while allowing managers to get paid for giving trade signals. The last two accounts allow people to act as both manager and investor.

  Commissions & Spreads

  The commission and spreads that Admiral Markets offers are the same in three of these accounts. All of them have a spread of 0.1 pips and a commission of 0.0020 percent. However, some clients say that their spreads are not as tight as they claim. It often increases when financial news comes out.

  Although the company advertises low spreads, they also add a high commission. In fact, their commission is at least twice as high as those found elsewhere.

  Trading Software

  Admiral Makets utilizes two platforms in order for their clients to conduct foreign exchange transactions. One of these platforms is MT4. This is user-friendly and highly versatile software that makes it the ideal trading platform for experienced and beginner traders alike. It has a Market Watch window that gives traders an overview of the current foreign exchange rate.

  On the other hand, Admiral’s MT5 platform offers new features such as depth of market and one-click trading. It also supports the Exchange Execution Mode for order execution. With this, foreign exchange traders can specify additional volume conditions at desired prices in the Fill Policy. This means a deal can be done only if the specified volume is given at the desired price.

  Deposits & Withdrawals

  Withdrawals and deposits can be done in several ways. One of these is through bank wire. All bank wires for withdrawals and deposits are sent from or made to SEB Bank, Admiral Market’s banker. This bank has branches in Shanghai, New York and London.

  Skrill can also be used for withdrawals and deposits. However, debit cards can only be used for deposits. The same applies when using online payment service companies that Admiral Markets approves such as Wirecard and Envoy.

  Customer Support

  Admiral Markets has one of the best customer support services out there. They are available 24/7 and can be reached through instant messenger, email, fax and phone. They have an email response time of only 24 hours on weekdays only.

  Regulators & Safety

  Admiral Markets is a member of Tagatisfond, an Estonian guarantee fund that provides clients with additional financial protection. This fund will compensate 100 percent of all deposits in the unlikely scenario that the company is unable to meet its financial obligations. All funds that clients have deposited are fully separated from the company’s assets.

  It is also regulated by the Estonian Financial Supervision Authority. Admiral Markets operates under the Markets in the Financial Instruments Directive.

  Leverage

  Admirals Market’s leverage rates depend on the balance in a client's account. The highest leverage rate offered is 1:500. This applies only to accounts that have a balance of $0 to $2000. A leverage rate of 1:200 is applied to accounts that have a balance of $2000 to $5000. If an account has a balance of $5000 and above, a leverage rate of 1:100 is offered. 

  
  Visit Admiral Markets's Website
  Risk Warning: Your capital may be at risk