Our detailed Admirals review provides valuable insights you may wish to consider before trading with this forex broker. Enhancing your knowledge and understanding can help you make better-informed trading decisions and invest with greater confidence.
This broker is currently unverified. Please be wary of investing with untrustworthy brokers who may not meet important criteria or have adequate safety measures in place.
FX Trust Score Index - Admirals
Admirals gained an overall score of 51.75% across our five different ratings criteria.
FX Trust Score Index Ratings
Admirals Pros and Cons
- Impressive educational resources
- Competitive pricing
- Multiple base currencies
- Lack of 24/7 customer support
- Fractional share trading unavailable
- Limited product portfolio
- Only one free withdrawal per month
- Not available to EU residents
Trade with a Trusted Broker
Admirals at a Glance
-
Overview
-
Client Support
Overview | |
Year Established | 2001 |
Licences Held | FCA (UK), ASIC (Australia), CySEC (Cyprus), EFSA (Estonia), JSC (Jordan), FSCA (South Africa) |
Demo Account Available | Yes |
Base Currencies | EUR, GBP, USD, CHF, BGN, CZK, HRK, HUF, PLN, RON |
Promotions | Yes |
Account Opening Time | Up to one day |
Withdrawal Fee | One free withdrawal per month |
Inactivity Fee | $10 per month after two years of inactivity |
Minimum Deposit | $100 |
Minimum Position Size | Variable, depending on the asset |
Maximum Leverage | Up to 1:500 |
Spread Type (Fixed/Variable) | Variable |
Average Spread (based on EUR/USD) | 1.3 pips |
Available Assets | Forex, Commodities, Indices, Stocks, ETFs, Bonds, Cryptocurrencies |
Number of Currency Pairs | 80+ |
Account Types | Trade.MT4, Zero.MT4, Trade.MT5, Invest.MT5, Zero.MT5 |
Mobile Trading | Yes |
24/7 or 24/5 Trading | 24/5 (24/7 for Cryptocurrencies) |
Hedging Allowed | Yes |
Scalping Allowed | Yes |
Swap Free Account | Yes, available for Islamic Accounts |
Languages | 17 |
Affiliate Program | Yes |
Free Educational Resources | Yes |
Daily Technical Analysis | Yes |
Platforms | WebTrader, Mobile App, MetaTrader 4 (MT4), MetaTrader 5 (MT5), Admirals Platform |
Payment Methods | |
Deposit methods | Credit/Debit Cards, eWallets, Bank Transfer, and more |
Withdrawal Methods | Credit/Debit Cards, Bank Transfer, PayPal, eWallets, and more |
Withdrawal times | Same business day if before 18:00 |
Withdrawal limits | None |
Currencies | Multiple currencies supported, including USD, EUR, GBP, and more |
Live Chat | 24/7 Chatbot available |
Contact Info | Phone and Email support available |
Social Media Channels | X (Twitter), Facebook, YouTube, Instagram, LinkedIn, Telegram |
Is Admirals (Admiral Markets) a Trusted Forex Broker?
In this review, we will be delving into detail about the Admirals broker and evaluating its trustworthiness through examination of a number of factors, including fund safety, fees, trading platforms, customer support and more. Admirals is a well-established broker, having enjoyed steady growth over the course of the past two decades since it began operating in the financial markets. Before making a final decision over whether to trade with this broker, it’s important to take the time to read this review carefully.
Introduction to Admirals: A Brief Overview
Admirals, formerly known as Admiral Markets until 2021, is an established online brokerage specialising in forex and CFD trading to clients worldwide. Since its launch in 2001, the broker has expanded its operations into new regions, adding new regulatory licences along the way.
Admirals features a vast back catalogue of educational articles and tutorials, with a wide range of topics being covered. Having said that, there are some major limitations that traders must be aware of, in particular the lack of 24/7 support, which is a major downside for those who require round-the-clock assistance.
Is Admirals safe?
Licensing and Regulation
Admirals is subject to regulatory oversight by a number of authorities, tailored to the specific regions in which it provides trading services to clients. The broker is officially licensed by the FCA, ASIC, CySEC, EFSA JSA and the FSCA, meaning that a strict set of criteria must be met in order to avoid sanctions from these regulatory bodies. Despite this, it should be noted that traders must conduct proper due diligence on the broker prior to opening an account.
Security of Funds & Protection
As is to be expected of a broker that holds licences from numerous regulatory bodies worldwide, Admirals ensures the safety of clients’ funds through negative balance protection, segregated accounts and other compliance-related measures. While such precautions are designed to maintain fund safety, they do not fully guarantee complete protection and security to clients.
The Admirals Trading Platforms
Admirals offers the popular MetaTrader platforms of MT4 and MT5, which users can access via desktop or through mobile and tablet devices on Android and iOS. The broker also has its own mobile app, while also recently adding a proprietary platform, which it describes as a beginner-friendly web-based trading and investing platform. For traders seeking an alternative web-based approach, there is also a MetaTrader WebTrader option.
Admirals’ Trading Assets
Admirals offers access to more than 80 currency pairs across its available trading platforms, but the number of CFDs depends on the specific account type used. For example, traders with an Invest.MT5 account can trade more than 4,000 CFDs on currencies, indices, metals, energies, stocks, ETFs and cryptocurrencies, while Trade.MT4 account holders can trade on around 260 CFDs from the same asset class list.
Trading Conditions at Admirals
Spreads & Commissions
Admirals is fairly transparent about trading fees. The spreads charged by the broker is dependent on the account type selected, with spreads from 0.0 pips on the Zero.MT4, Zero.MT5 and Invest.MT5 accounts, and fixed commission charged on forex, metals, cash indices and energies. Spreads start from 0.5 pips on the Trade.MT4 and Trade MT5 accounts, with commission-free trading on selected assets.
Leverage
Admirals’ leverage rate for currency pairs and other CFDs is based on notional position value according to specific margin requirements. The precise leverage amount varies between instruments, but it is up to 1;30 FOR major currency pairs such as EURUSD, GBPUSD, USDJPY, USDCHF, USDCAD and selected major cross rates. There is leverage of up to 1:20 for all other forex pairs and on GOLD and XAUAUD, while CFDs on stocks, ETFs and bonds feature leverage up to 1:5.
Admirals’ Customer Support
Traders with Admirals can get in touch with a 24/5 customer support team through phone, email and live chat by navigating to a specific contact page on the broker’s website. The lack of 24/7 support may come as a disappointment to traders who require urgent or immediate support outside of the stipulated hours, particularly over the weekend. Admirals does have an FAQs section covering a few general topics, but for more specific support, traders would need to contact the broker during customer service opening times.
The FXTS Verdict: Is Admirals a Trusted Broker?
In conclusion, Admirals is a well-established broker that has steadily grown its client base and product offering since its foundation in 2001. It possesses licences from multiple top-tier regulators, including the FCA and ASIC, and is fairly transparent when it comes to displaying the associated fees and charges across its trading platforms.
While its educational section stands out from the crowd in terms of depth and insight, Admirals may not be suited to beginner traders, due to the overwhelming volume of information available. Novice traders looking to learn about the basics of forex and CFD trading are advised to research the educational resources on offer at other regulated brokers to see if there are better organised and more suitable alternatives.