Admirals Forex Trade Platform and Broker Review

Admirals Forex Trade Platform and Broker Review

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AdmiralMarkets Broker Review

Admirals (Previously known as Admiral Markets) is a globally recognized, award-winning broker that was founded in 2001 in the United Kingdom. Admirals is a leading online trading service provider that provides access across a large range of financial markets.

Admirals have between 250 to 500 employees and have offices in the United Kingdom, Cyprus, and Australia.

Is Admirals Regulated?

Yes, Admirals is regulated by the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), and holds licenses with the Estonian Supervision Authority (EFSA), Australian Financial Services License (AFSL). 

Admirals are also registered with the Directive on Markets in Financial Instruments (MiFID II) to provide investment services and activities in the European Union (EU) as well as the European Economic Area (EEA).

This provides Admirals with a cross-border license to provide investment and ancillary services to a variety of forex traders in several jurisdictions.

The regulations and licenses that Admirals hold ensure that client funds are kept secure by the broker. It also means that Admirals is obliged to meet stringent financial requirements which makes it less likely that the broker will be involved in malpractice or manipulate trades against forex traders. 

Is Admirals Regulated in the United States?

No, Admirals is not regulated in either Virginia or any other state in the US. For this reason, US forex traders are restricted from making use of the services that Admirals offer.

Is Admirals Regulated in Europe?

Yes, Admirals holds regulation with the Financial Conduct Authority (FCA). In addition to this, Admirals is also licensed and authorized by the Estonian Financial Supervision Authority (EFSA) and the Directive on Markets in Financial Instruments (MiFID II) in providing forex trading services and solutions to forex traders.

Is Admirals regulated in a Tier-1 Jurisdiction?

Tier-1 Jurisdiction grants Admirals necessary license to offer financial services in Australia, Austria, Belgium, Denmark, Finland, France, Germany, Hong Kong, Israel, Japan, Luxembourg, Netherlands, New Zealand, Norway, Puerto Rico, Singapore, Sweden, and Switzerland.

According to the official Admirals website, Admirals is regulated in Tier-1 jurisdiction.

Is Admirals regulated in Tier-2 Jurisdiction?

Tier-2 Jurisdiction provides Admirals with the license to offer financial services and operate in the British Virgin Islands, Cayman Islands, Cyprus, Italy, Malaysia, Mexico, Poland, Portugal, Spain, and Taiwan.

According to the official website, Admirals is regulated in Tier-2 jurisdiction.

What are the Platforms and Tools for Forex Trading in Admirals?

Admirals offer forex traders access to the popular and user-friendly MetaTrader suite that consists of MetaTrader 4, MetaTrader Supreme Edition, and MetaTrader 5.

  1. MetaTrader 4 is the most popular trading platform offered by Admirals that are used to trade forex and CFD instruments in addition to analyzing financial markets. MetaTrader 4 offers Forex traders access to advanced trading operations, a variety of charting capabilities, technical indicators, and more.
  2. Admirals’ MetaTrader Supreme Edition 4 and 5 offers forex traders with technical analysis with Trading Central, global opinions that offers powerful add-ons, a handy mini terminal, tick chart trader, real-time news, and much more in addition to offering the standard suite, which is already advanced, sophisticated, and all-encompassing.
  3. Admirals’ MetaTrader 5 is the updated version that offers forex traders the same quality of tools and capabilities but with added features and a more robust approach to ensure that forex traders can add a competitive edge to their trading.

Does Admirals Have a News Blog for Forex News?

Yes. Admirals have a news blog for forex news on the official website. With this tool, forex traders can gain access to what they need for fundamental analysis, helping them make more informed decisions on their trading.

The news section is comprehensive and allows forex traders to subscribe to the Admirals website, allowing them to gain access to the latest news, trading tips, and special offers at no additional cost.

Does Admirals Have a Traders Dashboard?

Yes, Admirals offers a forex trader dashboard in the form of premium analytics. With this, forex traders can gain in-depth insight into all information on specific financial instruments to help direct their investment decisions according to accurate and updated information.

Does Admirals Have an Educational Section?

Yes, Admirals has an extensive education section that offers beginner forex traders the tools, resources, and material that they need to start trading. Admirals do not only cater to beginners but also for intermediate and advanced forex traders as well.

forex traders are also provided with access to webinars and sessions with trading experts, allowing forex traders to ask trading questions and receive answers in real-time.

What is the content of Admirals Forex Education?

The forex education that Admirals offers can be divided into three different sections according to the trading levels namely beginner, intermediate, and advanced education.

The Beginner section contains a variety of materials that help beginners start their trading journey.

There are 6 beginner articles that cover some of the following topics:

  1. “The Ultimate Guide to Forex”.
  2. “How much money do you need to start trading?”.
  3. “Tips for success”.
  4. “How to get started in the MetaTrader trading platform”, and more.

Admirals offer a variety of online courses that covers some of the following topics:

  1. “Zero to Hero: Learn to trade in 20 days”.
  2. “Forex 101: The Forex and CFD Trading course”.

The Intermediate section helps to keep forex traders up to date with trading basics, with 6 Intermediate articles that cover:

  1. “The best tools and techniques to help you optimize your trading strategy and manage your time more effectively”.
  2. “20 Best Forex Trading Tools for 2021”.
  3. “How to optimize the MT4 Platform”.
  4. “Pivot Point Trading Strategy – Identifying Support and Resistance Levels with a Pivot Point Indicator”.
  5. “Best Free Trading Systems”.
  6. “Trading Strategies: The Ultimate Forex Scalping Strategy Guide”.

There are also a variety of online courses offered to Intermediate forex traders that covers some of the following topics:

  1. “Zero to Hero: Learn to trade in 20 days”.
  2. “Forex 101: The Forex and CFD Trading course”.

Education for Advanced forex traders covers topics such as:

  1. “Automation and advanced portfolio management”.
  2. “Advanced education topics”.

There are 5 articles for Advanced forex traders that covers the following:

  1. “How to find the best Forex signals”.
  2. “The Best Automated Forex trading software”.
  3. “Advanced Forex trading strategies”.
  4. “What is Forex hedging and how do I use it?”.
  5. “Tackling Risks with Portfolio Diversification”.

Is Admirals Legit?

Yes, Admiral is a legit broker that is regulated by FCA and CySEC, and which has licenses with EFSA, AFSL, and MiFID.

Is Admirals Safe?

Yes, Admirals is a reliable and safe Forex Trade platform where regulation and stringent safety protocols are concerned. Admirals is regulated by several entities namely:

  • The Financial Conduct Authority (FCA) regulates Admirals in the United Kingdom.
  • The Cyprus Securities and Exchange Commission (CySEC) regulates Admirals in Cyprus.

Admirals is licensed to offer its services in several jurisdictions with licenses with the Estonian Financial Supervision Authority (EFSA), Australian Financial Services License (AFSL), and the Directive on Markets in Financial Instruments (MiFID II) to offer investment services in the European Union as well as the European Economic Area.

Is Admirals a Good Broker?

Yes. According to a Forex Suggest review done on Admirals, Admiral is a good broker where security, trading speed, online support, and cryptocurrencies are concerned. 

  1. In terms of security, Admirals is well-regulated and makes use of SSL and two-step verification to ensure the security of accounts, data, and information on the website. Admirals offer a secure trading environment and can guarantee client fund security.
  2. In terms of trading speed, Admirals executes 90% of all orders within 90 milliseconds.
  3. In terms of online support, Admirals offers forex traders access to a live chat option, WhatsApp, Telegram, and Facebook Messenger access.
  4. In terms of cryptocurrencies, Admirals offers Bitcoin, Ethereum, Litecoin, Dash, Stellar, EOS, Ethereum Classic, Monero, and several others.

What is the Offering of Investment in Admirals?

Offerings of Admirals can be found below.

Feature Admirals
Forex Trading Yes
CFDs Yes
Forex Pairs Yes
Cryptocurrency (Physical) No
Cryptocurrency (CFD) Yes
Social Trading  Yes

Does Admirals have Nasdaq?

Nasdaq is the second-largest stock exchange that tracks the top technology stocks in the United States.

Admirals have Nasdaq according to the official website. As an owner of Nasdaq, Admirals offers forex traders with the trade-in indices and shares CFDs.

What are the Awards of Admirals?

Forex Trading Platform Admirals has more than 40 global awards, some of which are listed below.

  1. “Focus Money” – Fairest price-performance ratio among CFD brokers in Germany (2020).
  2. Reliable partner even in times of crisis (Corona Crisis 2020): Accessible customer service, stable technical systems, and good conditions – DKI, Germany Customer Institute.
  3. CFD Broker of the Year (2020) according to Brokerwahl.de.
  4. Top CFD broker according to the 2020 customer survey which was carried out by DKI.
  5. Best Forex Company Germany Award 2019 – Admirals.
  6. CFD Broker 2019, 1st place gain – Admirals.
  7. CFD Broker of the year 2019 according to brokers choice.
  8. ADVFN International Financial Awards 2019 in the category “Best Forex Trading Platform”.
  9. Focus Money 2018: Fairest price-performance ratio category CFD Broker.
  10. Excellent service in 2017 according to the DKI customer survey.

How to Use Admirals for Forex trading?

To use Admirals, a forex trader should have the necessities below:

  1. forex traders must have proof of valid identification such as a National ID or passport.
  2. forex traders must be 18 years or older.
  3. forex traders must have proof of their physical place of residence.
  4. forex traders must be able to pay the $100 minimum deposit.

Once a forex trader meets the conditions above, they can register a forex trading account to use the services of Admirals.

How to open a Forex trader account with Admirals?

To open a Forex Trading account with Admirals, a trader should follow the steps below.

  1. Forex traders can visit the official Admirals website and select the green “Start Trading”.
  2. Forex traders must complete the digital application by providing their country of residence, First and Last name, email address, user-selected password, and mobile number to sign up with Admirals and gain access to the Admirals Trader’s Room.
  3. Forex traders must verify their email addresses before they can log in.
  4. Forex traders can complete their application for a trader account from their Trader’s room.
  5. The rest of the application will consist of the provision of more information such as personal information, financial information, trading experience, and more.
  6. To finalize the application, forex traders must provide proof of their identification along with their proof of residential address.

What are the Forex Trader Account Types with Admirals?

Forex Trading Platform and Financial Asset Management Institution Admirals has 7 different account types that are offered.

Admirals Account Types are listed below. 

  1. Demo Account

  2. Islamic Account

  3. Trade.MT4 Account

  4. Zero.MT4 Account

  5. Trade.MT5 Account

  6. Invest.MT5 Account

  7. Zero.MT5 Account

  • Demo Account

Admirals provide forex traders with access to a free demo account that can be used in a variety of ways. Forex traders can either practice trading, test out their strategies, or explore what Admirals have to offer by making use of this risk-free account that uses virtual funds.

  • Islamic Account

Admirals offer Muslim forex traders who follow the Sharia Law the option of converting their Trade.MT5 Account to an Islamic Account, exempting them from having to receive/pay swaps when they hold certain positions open for longer than a day.

  • Trade.MT4 Account

The Trade.MT4 Account caters to beginners and advanced forex traders and offers comprehensive trading conditions. This account has the following features:

  • A minimum deposit of $100, or currency equivalent.
  • Account base currencies: EUR, USD, GBP, CHF, BGN, CZK, HRK, HUF, PLN, RON.
  • Access to 37 forex pairs, 4 Metal CFDs, 3 Energy CFDs, 3 Index Future CFDs, 16 Cash Index CFDs, 78 Stock CFDs, 2 Bond CFDs.
  • Forex leverage for retail clients between 1:20 to 1:30 and indices leverage from 1:10 to 1:20.
  • Floating spreads from 0.5 pips.
  • Commissions of $0.02 per share on single share and ETF CFDs.
  • Market execution.
  • Stop-out of 50%.
  • Negative balance protection policy applied.
  • The ability to use hedging.
  • Access to Expert Advisors, MetaTrader Supreme, one-click trading, volatility protection, market news as well as analysis by the Dow Jones, economic calendar, and trading center.
  • Zero.MT4 Account

The Zero.MT4 Account caters to more advanced forex traders that want the tightest spreads, competitive commissions, and the best that Admirals has to offer. This account has the following features:

  • A minimum deposit of $100, or currency equivalent.
  • Account base currencies: EUR, USD, GBP, CHF, BGN, CZK, HRK, HUF, PLN, RON.
  • Access to 45 forex pairs, 3 Metal CFDs, 3 Energy CFDs, 10 Cash index CFDs.
  • Forex leverage for retail clients of between 1:20 to 1:30 and indices leverage from 1:10 to 1:20.
  • Floating spreads from 0.0 pips.
  • Commissions from $1.8 to $3.00 per 1.0 lots on forex and metals, from $0.05 to $3.0 per 1.0 lots on Cash Indices, and $1 per 1.0 lots on energies.
  • Market execution.
  • Stop-out of 50%.
  • Negative balance protection policy applied.
  • The ability to use hedging.
  • Access to Expert Advisors, MetaTrader Supreme, one-click trading, volatility protection, market news as well as analysis by the Dow Jones, economic calendar, and trading center.
  • Trade.MT5 Account

The Trade.MT5 Account is a versatile option that caters to a variety of forex traders despite their trading experience, needs, or objectives. This account has the following features:

  • A minimum deposit of $100, or currency equivalent.
  • Account base currencies: EUR, USD, GBP, CHF, BGN, CZK, HRK, HUF, PLN, RON.
  • Access to 40 forex pairs, 5 Metal CFDs, 3 Energy CFDs, 7 Agriculture CFDs,  24 Index Future CFDs, 11 Commodity Futures,  19 Cash Index CFDs, more than 3,350 Stock CFDs, 2 Bond CFDs, more than 300 ETF CFDs.
  • Forex leverage for retail clients between 1:20 to 1:30 and indices leverage from 1:10 to 1:20.
  • Floating spreads from 0.5 pips.
  • Commissions of $0.02 per share on single share and ETF CFDs.
  • Market execution.
  • Stop-out of 50%.
  • Negative balance protection policy applied.
  • Ability to convert to Islamic Account.
  • The ability to use hedging.
  • Access to Expert Advisors, MetaTrader Supreme, one-click trading, volatility protection, market depth (Level II pricing), market news as well as analysis by the Dow Jones, economic calendar, and trading center.
  • Invest.MT5 Account

The Invest.MT5 Account caters specifically to investors who only wish to trade in stocks and ETFs. This account has the following features:

  • A minimum deposit of $1, or currency equivalent.
  • Account base currencies: EUR, USD, GBP, CHF, BGN, CZK, HRK, HUF, PLN, RON.
  • Access to more than 4,350 Stocks and more than 200 ETFs.
  • Floating spreads from 0.0 pips.
  • Commissions of $0.02 per share on stocks and ETFs.
  • Exchange execution.
  • Access to Expert Advisors, MetaTrader Supreme, one-click trading, volatility protection, market news as well as analysis by the Dow Jones, economic calendar, and trading center.
  • Zero.MT5 Account

The Zero.MT5 Account is the ultimate account for competitive forex traders who want to get the most out of their trading at the most competitive fees and rates. This account has the following features:

  • A minimum deposit of $100, or currency equivalent.
  • Account base currencies: EUR, USD, GBP, CHF, BGN, CZK, HRK, HUF, PLN, RON.
  • Access to 45 forex pairs, 3 Metal CFDs, 3 Energy CFDs, 10 Cash Index CFDs.
  • Forex leverage for retail clients between 1:20 to 1:30 and indices leverage from 1:10 to 1:20.
  • Floating spreads from 0.0 pips.
  • Commissions from $1.8 to $3.00 per 1.0 lots on forex and metals, from $0.05 to $3.0 per 1.0 lots on Cash Indices, and $1 per 1.0 lots on energies.
  • Market execution.
  • Stop-out of 50%.
  • Negative balance protection policy applied.
  • The ability to use hedging.
  • Access to Expert Advisors, MetaTrader Supreme, one-click trading, volatility protection, market news as well as analysis by the Dow Jones, economic calendar, and trading center.

How to Withdraw Money from Admirals?

To withdraw money from Admirals, the following should be done:

  • forex traders can log into their trader’s room and select “Transactions” and “Withdraw”.
  • Forex traders can select their withdrawal method, live account from where they are withdrawing, amount, and currency before proceeding.
  • forex traders can follow the relevant prompts as per their selected payment method and complete their withdrawal request.
  • forex traders must note that withdrawals are processed on the same business day if the request has reached Admirals before 5 pm.
  • Admirals reserve the right to execute withdrawal requests to the same bank, intermediary bank, and the same account used by the trader.

How many days do deposits take with Admirals?

Deposits can be instantaneous or take up to three business days, depending on the payment method that the trader used.

What are the costs and fees with Admirals?

There are four types of costs with Admirals namely spreads, commissions, swap fees, and margin requirements. 

The spread can be defined as the difference between the bid and ask price, indicated in pips. Floating spreads that are offered by Admirals start from 0.0 pips but will depend on several factors including the financial instrument, type of account, and market conditions on the day of trading.

Commissions are charged per account as a flat fee or rate charged either per lot, per side, or per trade. Swaps are fees that can either be credited or debited when forex traders keep their position open for longer after the trading day has ended.

Margin requirements or calls are seen as collateral and must be paid by the trader at the beginning of the trade. Leverage lowers these requirements significantly, however, leverage must be used wisely.

Admirals do not charge withdrawal fees, but deposit fees are charged on Skrill and Neteller.

What are the Trading Fees with Admirals?

The Forex Trading Fees with Admirals are below. 

The Trade.MT4 Account:

  1. Spreads: from 0.5 pips
  2. Commissions: $0.02 per share on single share & ETF CFDs.
  3. Swap rate: The long value of -0.688 pips and short value of -0.063 pips on EUR/USD.
  4. Margin: Minimum of 200 EUR on EUR/USD.

The Zero.MT4 Account:

  1. Spreads: from 0.0 pips.
  2. Forex and Metals Commissions: from $1.8 to $3.0 per 1.0 lots.
  3. Cash Indices Commissions: from $0.05 to $3.0 per 1.0 lots.
  4. Energies Commissions: $1 per 1.0 lots.
  1. Swap rate: The long value of -0.688 pips and short value of -0.063 pips on EUR/USD.
  2. Margin: Minimum of 200 EUR on EUR/USD.

The Trade.MT5 Account:

  1. Commissions: $0.02 per share on single share & ETF CFDs.
  2. Swap rate: The long value of -0.688 pips and short value of -0.063 pips on EUR/USD.
  3. Margin: Minimum of 200 EUR on EUR/USD.

The Invest.MT5 Account:

  1. Spreads: from 0.0 pips.
  1. Commissions: $0.02 per share on single share & ETF CFDs.

The Zero.MT5 Account:

  1. Spreads: from 0.0 pips.
  2. Forex and Metals Commissions: from $1.8 to $3.0 per 1.0 lots.
  3. Cash Indices Commissions: from $0.05 to $3.0 per 1.0 lots.
  4. Energies Commissions: $1 per 1.0 lots.
  5. Swap rate: The long value of -0.688 pips and short value of -0.063 pips on EUR/USD.
  6. Margin: Minimum of 200 EUR on EUR/USD.

What is the minimum deposit in Admirals?

The minimum deposit for Admirals is 100 units in EUR, USD, GBP, and CHF, 200 BGN, 1,000 CZK, 750 HRK, 25,000 HUF, 250 PLN, or 250 RON when registering for a Trade.MT4, Zero.MT4, Trade.MT5, and Zero.MT5 Account.

To register for an Invest.MT5 Account, the minimum deposit is 1 unit in EUR, USD, GBP, and CHF, and 2 BGN, 25 CZK, 8 HRK, 350 HUF, 5 PLN, or 5 RON.

What are the contract specifications in Admirals?

Feature Admirals
Forex Trading Yes
CFDs 4000+
Forex Pairs 50
Cryptocurrency (Physical) 0
Cryptocurrency (CFD) 32+
Social Trading  No

Does Admirals have promotional offers?

No, Admirals Trade and Exchange platform does not have promotional offers for existing and new forex trading account owners.

Does Admirals have a welcome bonus?

No, Admirals does not have a welcome bonus.

There is no evidence on the official Admirals website that would suggest that a welcome bonus was offered in the past or that it is planned to be offered in the future.

Does Admirals have a deposit bonus?

No, Admirals does not have a deposit bonus.

The Admirals official website does not suggest that this was offered in the past or that it will be offered in the future.

Is there a commission-free trade bonus in Admirals?

No, Admirals does not offer forex traders a commission-free trade bonus.  

Is there a VIP bonus in Admirals?

No, Admirals does not offer forex traders a VIP bonus.

Can you start trading with no money at Admirals?

No, you cannot start trading with no money at Admirals. To start trading with Admirals, to open a trading account you need $100, or currency equivalent in EUR, GBP, CHF, BGN, CZK, HRK, HUF, PLN, or RON, or $1 in either of these currencies mentioned when registering an Invest.MT5 account.

How does leverage work with Admirals?

Leverage is a tool that Admiral's forex traders, allowing them to open larger positions which maximize their chance of great profit. However, it also increases the risks that forex traders are exposed to.

Leverage can be adjusted from the trader’s profile and “Preferences”.

Where are the headquarters of Admirals?

Admirals are headquartered in London, United Kingdom.

Who is Admirals’ CEO?

The CEO of Admirals is Sergei Bogatenkov who has held the position since December 2016. Sergei Bogatenkov graduated from Tallinna Tehnikaülikool in 2012 with his Masters's in Corporate Finance. 

What are the social media accounts of Admirals?

forex traders can follow Admirals on the following social media accounts:

  • YouTube
  • Facebook
  • Twitter
  • LinkedIn
  • Instagram

How many employees do work for Admirals?

According to official sources, Admirals has between 250 and 500 employees.

What are the opinions about Admirals?

Admirals are regarded as a leading online broker that offers some of the best trading solutions in the industry. There are good reviews on Admirals, and it is recommended as one of the most trusted, reputable, and reliable brokers in the forex trading industry.

What are Admirals Contests?

Admirals do not currently run any contests.

Forex contests are usually held by brokers and allow forex traders to profit from the outcome of these contests. The official Admirals website does not provide information whether past, current, or future contests.

Does Admirals have online support?

Yes, Admirals offers online support that can be reached through live chat, WhatsApp, Telegram, or Facebook Messenger.

Does Admirals offer demo accounts for Forex trading?

Yes, Admirals offers forex traders a free demo account that can be registered within a few minutes. To register, forex traders can follow these steps:

  1. Visit the Admirals website and select “start trading”, provide their basic personal information, and log into the Trader’s Room.
  2. Forex traders can then select “Open New Demo Account”, choose the account type that they wish to demo, their leverage ratio, the number of virtual funds they need, and their preferred currency.
  3. forex traders will be informed of their demo account number and auto-generated password. This information must be kept safe, and forex traders must write it down before they proceed.
  4. forex traders can select “start trading” to be redirected to the WebTrader where they can make use of their demo account.

Does Admirals have a mobile app for Forex trading?

Yes, Admirals offers a Trading App that can be downloaded on Android and iOS.

With the Admirals App, forex traders are provided with instant and intuitive access to a variety of tradable instruments including CFDs on forex, stocks, indices, commodities, bonds, and ETFs.

The Admirals app is user-friendly and offers flexible and secure access to financial markets and competitive trading conditions. With the App, forex traders can access their trading activities, switch between Live and Demo modes, monitor and manage their trading account, and manage and protect the open positions that they have.

Does Admirals publish an economic calendar?

Admirals offer forex traders access to a free economic events calendar that allows forex traders to keep track of important announcements that could affect underlying economies, creating, and affecting price movements.

An economic calendar is an important tool that is used by forex traders. It allows them to view economic information that is scheduled to be released globally. Events such as these have the potential to affect financial markets and the trades of various forex traders.

What is the communication information of Admirals?

Admirals have three telephone numbers and one main business address.

Admirals can be contacted telephonically by using either of the following:

United Kingdom: +44 203 504 1540

South Africa: +27 104 439 920

Trading Desk: +372 6309 306

Admirals’ main business address is 60 St. Martins Lane, Covent Garden, London, United Kingdom, WC2N 4JS United Kingdom.

For all other queries, Admirals can be contacted via email: [email protected]