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Admiral Markets caught our eye with the skillful website, great interface and abundance in information. The Admiral has set sail for success… is the journey worth it? Read on to find out.
Admiral Markets group currently hold licenses from 3 major regulatory bodies:
The FCA regulates Admiral Markets UK Ltd. In order to become licensed under this organization one must meet some of the strictest and most demanding requirements, second only to the levels of severity found in US based regulatory bodies. Those under the FCA are part of the FSCS that promises a sturdy refund of up to £85 000 for all traders that are affected in case the broker becomes insolvent.
CySEC, like the FCA allows for a similar compensation fund- the ICF- that reimburses traders of failed broker with a sum of up to €20 000. CySEC takes care of those under its wing by carrying all necessary investigations under the rule of law.
Admiral Markets Pty Ltd in Australia holds a permit by ASIC. ASIC is considered the top non-EU regulatory body, and as such drives good investor/trader outcomes via administering the law when called for. One big drawback is the absence of a compensation fund.
The average EUR/USD spread is 0.3-0.8 pips. The expected leverage for the UK and EU is 1:30 max as authorized by ESMA, while those not regulated by the agency can take advantage of a 1:500 leverage.
Admiral Markets has a sufficient number of assets for trade that will certainly fulfill any trader: currency pairs, commodities, indices, shares, ETFs, bonds and cryptocurrencies.
Almost all major Forex languages are in use: English, Dutch, Portuguese, Estonian, Polish, Romanian, Hindi, Italian, Latvian, Russian, Czech, Slovenian, Thai, German, Spanish, Croatian, Vietnamese, Arabic, French, Lithuanian, Hungarian, Bulgarian, Indonesian, Chinese.
ADMIRAL MARKETS LOGIN
This admiral comes holstered with two classic platforms: MT4 and MT5.
There is a total of 4 accounts divided between these two platforms: Admiral.Markets and Admiral.Prime account for the MT4; Admiral.MT5 and Admiral.Invest for the MT5.
METATRADER 4
Metatrader 4 shines even after so long. Its timeless design is great for any type of trader. Expert Advisors are never far, as are all other essential MT4 additions such as the customizable trading indicators and a MT4 Supreme Edition that comes packed with helpful tools to ease your trading. MT4 is available for desktop, phones, tablets and as a web version.
The spread for EUR/USD for Admiral.Markets is 0.6 pips, while for Admiral.Prime it’s 0.1 pip. However Admiral.Prime account holder will be commissioned by $1.8-$3 (per side) per 1 lot for currency pairs and metals; from $0.5-$3 (per side) per 1 lot for cash indices; and $1 (per side) per 1 lot for spot energies. So, in reality the spread for the EUR/USD currency pair of 0.6 pips, when added upon the commission of $6 ($3 per side) we get an actual spread of 1.2 pips, which is quite good.
Admiral.Markets account taxes from $0.01 per single share and ETF CFDs.
Commissions are getting more and more common, nowadays. Aside from Admiral Markets, other big names in the industry, like FXChoice and FBS, have adapted this policy.
The leverage in the EU and UK is limited to 1:30 by ESMA, while outside the jurisdiction of the institute it can reach 1:500.
Metatrader 5
Metatrader 5 still pushes its way through steadily by improving on almost everything its predecessor has: increased time frames, more pending orders, built in economic calendar, superior charting etc. The VPS feature and trading bots go hand in hand.
For the Admiral.MT5 account the spreads start from 0.5 pips; for Admiral.Invest account the spread starts from 0.0 pips. The leverage in the EU and UK is limited to 1:30 by ESMA, while outside the jurisdiction of the institute it can reach 1:500.
There are commissions: from $0.01 per for Single Share, ETF CFDs and Stocks.
MT5 is adapted to all Android and Apple devices. It also can be downloaded and installed as a standalone software, or can be used on a browser.
ADMIRAL MARKETS MINIMUM DEPOSIT
The minimum deposit is $200. This can be considered the industry standard, since it takes around a $200-$250 deposit to start taking trading seriously.
Accepted payment methods for admiralmarkets.com.au are: Bank Transfer, VISA, MasterCard, ZotaPay, Skrill, Neteller, SafetyPay, AstroPay, UnionPay, Trustly, Bitcoin, Rapid Transfer, POLi.
Funding methods for admiralmarkets.com are: Bank Transfer, Klarna, VISA, MaterCard, Skrill, Neteller, Przelewy, iBank&iBankLink, iDEAL.
Admiralmarkets.com’s accepted base currencies are: EUR, AUD, BGN, CHF, CZK, GBP, HRK, HUF, NOK, PLN, RON, RUB, SEK, SGD, HRK.
Admiralmarkets.com.au base currencies are: AUD, USD, EUR, GBP, JPY, SGD, BRL, MXN, CHF, RUB, CNY, IDR, MYR, THB, VND.
Bank Transfer processing time is between 1-3 days. ZotaPay and Przelewy process deposits in 1 day. All other methods process the funding of an account instantly.
There are two applicable fees for admiralmarkets.com: 0.9% off of Neteller and Skrill deposits.
ADMIRAL MARKETS WITHDRAWAL TIME AND FEES
Both the FCA and CySEC guarantee a smooth and secure transaction of funds.
Withdrawal methods for admiralmarkets.com are: Bank Transfer, Skrill and Neteller.
Withdrawal methods for admiralmarkets.com/au are: Bank Transfer, ZotaPay, Skrill, Neteller.
The processing time for Bank Transfer and Zota pay is between 1-3 days. All other withdrawal methods process payments instantly.
Fees are applicable. Neteller and Skrill withdrawals are subjected to a 1% commission, while Zotapay’s fee is 0.5%. There is always the possibilities of other fees, exclusively issued by the payment systems.
The minimum withdrawal amount for Skrill and Neteller is $1 (or other currency), and 100 CNY/ 200 000 IDR/ 50 MYR/ 500 THB/ 300 000 VND, for ZotaPay.
There is an inactivity fee, but it’s nothing to worry about. It’s €10 every month after 24 months of no transactions made. This is a practice that is become more and more common with fully regulated brokers like Plus500 or AETOS CG.
BOTTOM LINE
Admiral Markets holds its ground as a trustworthy and open-minded broker. There are many things to see and do, and this diversity is always welcome.
In all honesty we have no issues with this broker, even with the fees and commissions; they are dwarfed compared to all that this broker has to offer.
