Admiral Markets Review

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Welcome to the Doji Trader Admiral Markets review. Admiral Markets is a broker founded in 2001, which is famous for making online Forex trading accessible and of course also transparent and safe for operators who use their services. It offers more than sixty currency pairs, also precious metals, crude oil futures, indices and of course CFD.

Regarding regulation and authorization, it is predominantly regulated by the Financial Conduct Authority (United Kingdom) (FCA) and Australian Securities and Investments Commission (ASIC).

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Pros

·        Global reach and integration of numerous countries in the platform.

·        STP execution.

·        Different payment methods for trader convenience, depending on the account you use.

·        Fast, safe customer service and a team of professionals in charge.

·        Years of experience and existence in the industry.

·        No inactivity fees.

·        Different special tools such as MetaTrader Supreme Edition and protection against volatility.

·        Good commissions and fee prices.

Cons

·        There is a small selection of FX pairs.

·        It is not available for US traders.

 

·        It has a low leverage ratio for retail clients of 1:30 (It must be noted that this is due to ESMA, and not a fault of the broker).

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Overall Ranking

Overall

Investment Opportunity

Commissions & Fees

Safety 

Research

Smartphone Usage

Customer Service

Education

Platforms & Tools

4.5/5
4/5
5/5
5/5
4/5
4/5
4.5/5
4/5
4/5

Overall

4.5/5

Investment Opportunity

4/5

Commissions & Fees

5/5

Safety 

5/5

Research

4/5

Smartphone Usage

4/5

Customer Service

4.5/5

Education

4/5

Platforms & Tools

4/5
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Extended Admiral Markets Review and Further Information

Admiral Markets have an international presence, operating with 10 offices globally and its products are offered in different jurisdictions.

It is regulated by the FCA, ASIC, MiFID, CySEC and EFSA. All clients are offered full access to the entire set of instruments that the platform offers, such as a complete economic calendar, reports with technical and fundamental analysis, wave analysis, heat maps of the market and most importantly, a ‘Market sentiment analysis’ which gives the trader excellent inference of current market conditions and predictions. This is an amazing service which is not provided by many brokers, especially not for free.

When creating an account with Admiral Markets, you also have permission to access an exhaustive list of Admiral Markets training resources, which would be your educational area, which contains materials aimed at both amateurs and traders with more experience in the market.

How to Open your Account

Opening an account in Admiral Markets is quite simple, you will only need to enter the broker’s website and follow the steps indicated.

In case you are going to make use of a demo account – which we strongly advise for beginner traders – you should not make any initial deposit. On the other hand, if you are looking to open a live account, the initial deposit is $200, which is a relatively low first deposit compared to other brokers, making it accessible for many. You must also provide personal information and personal documents to verify your identity and then you can verify your account.

Trading Instruments Available

Admiral Markets offers its traders a range of options to trade. Among them are 36 Forex instruments, 64 Stocks, Cryptocurrencies such as Bitcoin, Indices, US stocks, Metals and ETFs.

Deposits and Withdrawal Methods

In Admiral Markets, the trader will find different payment methods which he can use and serve to deposit and to withdraw.

·        Wire transfer

·        Skrill

·        Credit / Debit MasterCard or Visa

·        Neteller

·        TrustPay

·        Klarna

Regarding the withdrawal of funds any of the above mentioned methods can be used. If you withdraw through Skrill and Neteller it is instantaneous, but if you do it by bank transfer it can take about 3 business days. Please note that this is not the fault of the broker, but the 3rd party used to process payments.

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Interface

Admiral Markets was one of the first brokers to offer on its interface the use of MT4, this broker remains faithful to the most popular trading platform. In addition, it is an easy-to-use interface, especially for novice traders and remains comfortable for professional traders. 

It is available for desktop computers, iOS and Android. In addition, Admiral Markets is always on the forefront of providing the best user-interface possible, so you will not be missing out when using this broker.

Education and Research

Admiral Markets excel regarding education. It is one of the highest-ranking brokers in terms of educational tools.

The education section offers detailed guides and a complete glossary of terms for newbies. They also have webinars, tutorials and various articles on trade. It also offers a range of tools and various research resources.

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Commissions and Fees

Admiral Markets offers the trader four types of accounts which have different ranges of rates and products to trade. The price is similar in all account types, since it has ranges from 0.6 pips to 0.7 pips.

It also imposes a unique type of fee and commission; however, this will depend on various factors imposed by the trader.

Customer Support

Admiral Markets customer service is quite promising. The customer service workers are attentive and professional, they have full knowledge of the platform and made it simple to follow instructions. It is available every 5 days of the week, 24 hours a day. You can contact them through chatbot, email and live chat. This is an extensive amount of availability for customer support, most brokers only provide this to their active/professional clients, but Admiral Markets keep this service available to all. Our favourite method of communication was the live chat, as it swiftly solved our tested issues professionally.

Awards

Admiral Markets is a broker that has also been recognized for its efforts over the years.

Last year they were awarded the prize for the best Forex platform at the ADVFN International Financial Awards 2019. These prestigious awards recognize and celebrate the best products and services in regards to the financial industry.

In 2018, it was awarded in two categories: “Best price-value ratio” and “Best service and education” awards given by Focus Money Magazine, being the fourth time they have received these awards, it shows the consistency in their top-quality service as a broker. We are looking forward to what 2020 will hold for this broker.

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Regulations and Jurisdictions

Admiral Markets is safe and authorized by two level 1 regulators and two level 2 regulators.

·        Admiral Markets UK – authorized by FCA (UK) registration no. 595450.

·        Admiral Markets AS – authorized by EFSA (Estonia) registration no. 4.1-1/46.

·        Admiral Markets Cyprus Ltd – authorized by CySEC (Cyprus) registration no. 201/13

     ·        Admiral Markets Pty Ltd – authorized by ASIC (Australia) registration  AFSL no. 410681

Conclusion - Admiral Markets Review

This broker is undoubtedly a company with a lot of prestige and a high safety index, it is regulated by important jurisdictions. It also offers many different products for customers to trade with in a multitude of different accounts with very competitive rates. Its platform is easy to use and incredibly versatile and modern, we strongly recommend this broker to all levels of traders.

We hope you have found our in-depth Admiral Markets review to be useful in finding the right broker. If this is not the broker for you, then why not take a look at another broker review. We have tried and tested over 30 brokers, why not take a look at the best 3 UK brokers?

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. This does not constitute as investment advice or personal recommendations as your specific financial circumstances have not been considered. No warranty is given in regards to the accuracy and completeness of information. Past performance is not an indicator of future results.

This website and the information provided does not constitute investment advice or personal recommendations as your specific financial circumstances have not been considered. No warranty is given in regards to the accuracy and completeness of information. Past performance is not an indicator of future results. The information given is a reflection of opinion. Trading CFDs on leverage involves significant risk of loss to your capital.