Admiral Markets was founded in 2001 and has since grown to become an international service offering forex and CFD trading on several asset classes globally.
Admiral Markets also provides access to the Metatrader 4, the Metatrader 5, and a plug-in designed by Admiral Markets themselves called the Metatrader Supreme Edition.
In the world of forex and CFD brokers, Admiral Markets belongs to the top tier, and to us it is no wonder how and why they have become as popular as they are.
Is Admiral Markets a Scam?
Let’s get right to it and answer the most important question first. Is Admiral Markets a scam?
No, to us there is no doubt that Admiral Markets is not a scam but rather the opposite. We base this on two things. Firstly, the broker has been around for over 15 years and has a good reputation among users. Secondly, Admiral Markets is licensed and regulated by three very respectable financial services as well as a few smaller ones.
The following services are currently overseeing Admiral Markets, Cyprus Securities and Exchange Commission (CySEC), the Financial Conduct Authority (FCA), Australian Securities and Investment Commission, and the Estonian Financial Supervision Authority (EFSA, Finantsinspektsioon).
As mentioned, these licenses are all we need to determine whether or not a broker can be trusted and in this case, it’s as clear as day.
Admiral Markets Trading Platforms
All of these platforms are renowned and highly appreciated in the world with the MT4 being one of the best forex platforms in the industry. The Metatrader 5 can also be used for forex trading but is better suited for CFD trading, and the Supreme Plugin is for people looking for that top notch forex trading experience.
As a professional trader, you will run into these platforms sooner or later, and you might as well get used to them now. And remember, there are several good reasons why these platforms are considered to be some of the best in the world.
Admiral Markets Selection of Instruments
We’ve already mentioned that Admiral Markets offers forex and CFD, but which instruments can you actually trade on with the broker? Let us give you a rundown.
Note that your actual accessibility will differ depending on which account you use, and you will rarely have access to all of the following assets.
- Forex – Trade on nearly 100 different currency pairs with tight spread, good leverage, and simple execution.
- Commodities – Invest in gold, Brent oil and WTI oil, and a few more commodities as CFDs. All prices are spot prices, and no CFDs on futures are offered at the moment.
- Indices – Dow Jones 30 (DJI30) or Dax30 are among the most well-known indices on the platforms.
- Stocks – Trade on many of the world’s most influential company stocks from the American stock market, the European stock market, and the British stock market. The focus is on blue-chip stocks!
- ETFs – A decent selection of exchange-traded funds are at your disposal as CFDs.
- Bonds – Here you have two options: T-notes or Bund, America or Germany. But don’t let that fool you – bonds can provide excellent opportunities and these two options are good.
- Cryptocurrencies – Bitcoin, Ethereum, and Ripple as CFDs gives you the opportunity to invest in the three largest crypto assets on the market.
Admiral Markets Live Trading Accounts
So far, Admiral Markets’ setup is pretty straightforward, but when it comes to the account types, things get a little more tricky. You see, Admiral Markets has two different trading platforms (MT4 and MT5) plus their own plugin which creates four trading accounts for different purposes.
- Metatrader 4 – You can either open a regular MT4 account and gain access to most of the assets, great features, and low spread with a minimum deposit of $200. Or you can open an Admiral Prime account with access to 45 currencies, 3 metal CFDs, no spread and $1,000 as the minimum deposit.
- Metatrader 5 – Register for a Metatrader 5 account and trade on a selection that is by far larger than the regular MT4, at least in terms of CFDs. The minimum deposit is $200 for this account. However, if you sign up for an Admiral.Invest, you get access to over 4,000 shares, 100 ETF’s and a minimum deposit of $500.
All of these platforms come with full mobile support, and you can download the Admiral
Markets app from Google Play and the App Store, that means you can bring Admiral Markets with you anywhere and trade on the go.
There is also something called Admiral Markets Pro which has been designed for professional traders that have a portfolio worth at least $500,000. You can check the website to see if you qualify.
Admiral Markets Demo Account
In addition to the four trading accounts, Admiral Markets also offers a demo account for the trader that need a little extra practice or the one that wants to test the trading platforms. Signing up for an Admiral Markets demo account is easy – all you have to do is follow the links on this page, submit your name and email, and you’re good to go.
How to Fund Your Admiral Markets Account
So, you are ready to start trading? First, you have to register an account and make your initial offering. Luckily, you have some really common and popular payment methods to choose between. The two most popular options are Visa and Mastercard as well as a regular bank transfer. However, you can also opt to use Skrill, Klarna, and iBank.
You can choose to fund your account in a range of different currencies and you’re not limited to USD and EUR. For example, transfer money in PLN, NOK, CZK, HRK, HUF, etc.
Note that all transactions, except for Skrill, are commission-free and you will be charged an inactivity fee of $10 if your account is left idle for too long.
Contact Admiral Markets
There are three ways that one can contact Admiral Markets. You can either call them (+372 6309 300), email them ([email protected]), or stop by one of their offices.
We really wish that they also offered a live chat since it is traditionally the easiest option, but we will assume that they are planning to add this feature in the future.
Summary of Admiral Markets
Admiral Markets is really a great option for both forex and CFD traders with a lot of available instruments, great platforms, state of the art features, and all the necessary licenses. We like the design of the website and how the accounts and platforms have been set up, and we encourage you to give them a try. However, we do think the account setup is a bit confusing and really wish that we had the option of contacting them via a live chat feature.