Admiral Markets Forex Broker Review

How are the Admiral Markets fees structured?

There are no custody fees at Admiral Markets. The spreads are broken down into fees for different account models. They are between 0.2 and 0.8 points. There is a minimum deposit of 200 to 1,000 euros, depending on the account model.

The opening of the account is free of charge. After new customers have registered in the Training Room, they can choose between the accounts MT5, Prime and Markets. Within the Markets fees, the spreads for the Markets account start at 0.8 points, for the Prime at 0.5 points and are at 0.2 points for the MT5. Spreads are always variable costs, they can sometimes be higher and sometimes lower.

When using a credit card, an Admiral Markets deposit costs 0.9% of the amount deposited. They are free of charge when using other payment options.

If you hold CFDs overnight, you have to pay for a swap. The swap is based on the trading instruments. For CFDs with US stocks, order costs of 0.10 US dollars are added to the spread. When purchasing currencies and Spot Metals CFDs, Markets charges a fee of 3 euros for the Prime account, or 0.003% of the trading volume for the MT5 account.

The narrow spreads are to be assessed as positive and the Admiral Markets fees are otherwise very fair. Small negative points are only the 200 euro minimum deposit and the fee for a credit card deposit.

Admiral Markets pros and cons

► Free account opening
► Low minimum deposit of € 200
► Free demo account

► Credit card deposit fees

How does Admiral Markets perform in the trial?

Overall, Admiral Markets scores good to very good in the review. As one of the few brokers, the company offers different account models. The most popular model is the Admiral Markets. Here there is the widest range of CFDs for customers and the maximum leverage of 1:30 can also be used via this account. The account is particularly suitable for traders who want to trade forex.

At Admiral Markets, currencies, spot energy CFDs, spot metals CFDs, index futures CFDs, index CFDs, interest CFDs and US stocks CFDs can be traded. The platform is the Meta Trader, which is available in four different versions.

There are a number of different order types including Buy Limit and Buy Stop, Sell Limit and Sell Stop, OCA, OCO and multiple stops and time stops. There are also many ways of paying in or out of money. Most are free of charge.

When it comes to service and security, Admiral Markets is exemplary in the assessment. The broker has a high deposit insurance of 50,000 pounds per customer and offers numerous training opportunities. As far as the technical functions are concerned, everything is stable. Admiral Markets Support & Customer Service is only available Monday through Friday, but is competent and friendly and helps its customers with all kinds of problems.

The broker is regulated by the British financial supervisory authority FCA and is also registered with the German BaFin. The deposit protection goes beyond the legal regulations in Europe, in addition, the customer funds are kept in accounts of other banks, separate from the company accounts.

Admiral Markets performs as a very good broker in many areas. Especially with Forex, the broker can score with an outstanding offer. The same goes for trading CFDs. The customer is provided with good technical options when it comes to using different trading platforms. The broker’s very large range of information is also commendable, from which customers can only benefit.

Is there any fraud at Admiral Markets?

With Markets, fraud is virtually impossible. The broker has been named Broker of the Year in CFD and Forex four times in a row. In addition, Markets won the election for Online Broker of the Year in 2018. This alone proves that Markets can rule out fraud. All tools that customers use to trade online are optimally secured and meet the latest standards.

Is Admiral Markets reputable?

Yes, it is respected. The broker is regulated by the British financial supervisory authority and is also registered with BaFin in Germany. These two facts alone should prove that they are respected. The company has been active on the Europe market since 2001 and has since established itself very well. This is also an indication that the provider is reputable.

What is the Admiral Markets payout period?

The payout time varies depending on the payment method used. With most methods, the withdrawal takes just a few minutes. Only those who opt for bank transfer must expect a payout period of one to three working days.

Is there a rip-off at Admiral Markets?

No, rip-offs are as good as impossible. Even if some may wonder what is Admiral Markets anyway, because they have never heard of the company, the broker has been active in the European market for almost 20 years. That should be a sufficient indication that they are not a rip off. The deposits are secured beyond the legal requirements in Europe, all online tools are professionally secured, and the broker has already received several awards, including the title “Best Online Broker in 2018”.

What can be said about the Webtrader?

The Webtrader stands a bit in the background alongside other software solutions that are preferably offered for download. They normally work with the Meta Trader, which the company offers in four variants: There is the MetaTrader 4, the MetaTrader 4 Supreme Edition, the MetaTrader 5 and the Admiral Markets Webtrader, also in the form of the Meta Trader.

With this software, the broker uses the most frequently used trading platform of all. The Meta Trader has been around for more than 10 years and it includes numerous useful features for trading CFDs and Forex. Many technical tools are available to the user, plus the practical option of 1-click trading. There is also a function that can be used to trade automatically after a strategy has been set beforehand. In the Meta Trader it is even possible to program your own strategies. All common order types such as buy and sell limit or buy and sell stop are available. Within the Supreme Edition, which can be downloaded free of charge, the trader offers a further 60 additional functions.

What is Admiral Markets?

Customers who are wondering what is Admiral Markets actually will meet one of the best brokers currently on the market. Of course, it is always necessary to differentiate in individual cases whether a broker suits someone or not. Overall, there are far more positive things to report about the company than negative ones. Only a few years after its founding in 2001 in St. Petersburg, Russia, the broker started operating internationally. Today the company is based in London and has its German branch in Berlin. They mainly specialise in Forex and CFD trading.

How are the Admiral Markets ratings?

The ratings are very good. The broker scores 9 out of 10 in most trials, which is much better than most of its competitors. In the reviews, the company scores above all with its trading platform, which offers many add-ons, with its spreads, which are in most cases very good, with the good support & customer service and with its extensive educational offerings for information and webinars is concerned. It is seen as less good that sometimes long execution times occur.

Is there an Admiral Markets app?

There is no special app, but the Meta Trader 4 can be used very well on Android. The software has been specially adapted for use on mobile devices, including full-fledged charts, all indicators and much more. The Meta Trader 4 can be used to trade on the smartphone, prices can be viewed in real time, charts can be viewed and indicators can be added, the account history can be viewed, market news can be read, notifications can be viewed and much more. The platform can also be customised on the mobile phone.

Meta Trader 4 has the best display of charts among the mobile apps. The addition of indicators is also very easy and is similar to the procedure on a PC. The news is also integrated in the Admiral Markets app. No additional programs need to be opened. The app even notifies you via push messages when there is something new and makes it possible to contact customer service.

Using the app is very easy. It just needs to be downloaded and after logging in with your personal access data, it can be used immediately. The demo account can also be used within the app like the normal account.

Can crypto be traded at Admiral Markets?

No, it is not possible to trade crypto at Admiral Markets. Very few conventional brokers have so far offered trading in crypto currencies. So far this is still a niche business. When and whether trading with crypto at Admiral Markets will be possible, depends on how the new currencies will develop in the near future.

What is Admiral Markets’ opinion of customers?

The Admiral Markets opinion from customers is above average. This is mainly due to the relatively stable and tight spreads, the good customer service, which in most cases replies on the same day, the fast deposits and withdrawals and the stable technical systems. Customers within the Admiral Markets are particularly positive about trading the Dax, which works quickly and well.

How is the Admiral Markets Spread to be assessed?

The Admiral Markets Spread starts at a low 0.2 points. Of course, the spread is a variable that can also increase depending on the business, but the broker’s prices are still cheap here. According to clients, the Admiral Markets spread is usually tight and stable. A narrow spread results in lower fees for the customer.

How good is the Admiral Markets support & customer service?

The broker’s customer service is only available Monday through Friday. He can be reached over the phone, via a contact form and via email. Overall, customers are very satisfied with the support.

How does a deposit work at Admiral Markets?

If you want to make a deposit, you can do this with a normal transfer, with a credit card or via e-wallets such as Skrill and Neteller. All deposits are free of charge, except for credit card deposits. Here 0.9% of the deposit amount must be paid as a fee.

How can a withdrawal be made at Admiral Markets?

Customers can request a withdrawal using a bank transfer or an e-wallet. In rare cases, a payout to a credit card is also possible, but this again costs 0.9% fees. There are no maximum or minimum limits. If positions are still open, a payout can only be made up to 65% of the margin. Two free withdrawals can be made per month, after which each further withdrawal costs one euro.

Is there an Admiral Markets demo account?

Yes, there is a demo account. The broker provides the demo account in Meta Trader 4. it runs on the PC, in the web trader and also on the mobile app. In the demo account, customers can first test CFD and Forex trading under realistic conditions and try out their strategies without running the risk of losing real money. The demo account can be opened via a button on the website.

What are the Admiral Markets costs?

Costs are based on spreads that are relatively low and mostly stable. In any case, they can be judged positively in terms of costs, because the costs are low. Since the broker offers three different types of accounts, the costs are different for all models.

Can you make money with Admiral Markets?

Yes, they are good for profit if you familiarise yourself with stock trading a bit, can control your emotions, and manage to minimise the risks. Basically, it’s easy to make money with them. However, some users will fall into the trap of focusing too much on making money. Then you may fail, because patience and perseverance are required.

Can I make a deposit at Admiral Markets with PayPal?

No, it is not yet possible to pay at Admiral Markets with PayPal. However, the broker already offers many different payment models, more than most of its competitors. Perhaps in the near future the payment method at Admiral Markets with PayPal will also be added. It’s obvious why Paypal is smart: Payment is easy and faster than most other payment options.

Do Admiral Markets have ETFs?

It is possible to invest in ETFs. Trading with Admiral Markets ETF has enjoyed increasing popularity in recent years. There are ETF stocks, ETF funds, technology ETFs, and index ETFs. Especially in times when interest rates are low, it is worth investing in Admiral Markets ETF. In some cases, ETFs can see a significant increase in value, but generally they are more of a lower-risk investment model.

Does Admiral Markets have CFDs?

Yes, CFDs are a big topic, the broker even specialises in Forex and CFD trading. However, users should be aware that trading CFDs means a high level of risk and that many private investors lose money when trading CFDs. Even professional traders find it difficult to minimise risk. Therefore, the broker points out the increased risk with their CFD trading and the leverage is limited to 1:30.

Does Admiral Markets offer Forex?

Yes, there is Forex. Forex trading is even one of their specialties. The forex is a small part of the financial market but a very popular one. Here, too, profits can be made well and the risks are similar to CFDs. Foreign currencies are exchanged at a fixed rate on the Foreign Exchange Markets. With Admiral Markets Forex, care must be taken that the spreads do not increase too much, therefore products with narrow spreads should preferably be traded.

Admiral Markets FAQs

► Can I also use Admiral Markets via the app?

No, the CFD broker Admiral Markets does not offer a separate trading app. However, the broker has MT4 in its offer, which can be used very well on Android. You can even try out the demo account on your mobile device without any problems.

► Is there an Admiral Markets demo account?

Yes, they have a full demo account ready. This enables risk-free trading testing on the PC, in the web trader and also on the mobile device.

► Is Admiral Markets a scam?

No, there is absolutely no fraud at Admiral Markets. The company has been active in the market for over 20 years, is regulated by the FCA and is also supervised by BaFin.

► Can I use PayPal at Admiral Markets?

Yes, Admiral Markets offers fast deposits via PayPal. Alternatively, the broker has payment methods available via credit card, e-wallets, Skrill and Neteller.