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Admiral Markets Review 2024 with Rankings By Dumb Little Man

Overall Rating

Overall Ranking

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Evaluation Criteria

Before making any impression of the brokerage firms, our expert panel on the Dumb Little Man platform does a complete analysis of the firm. This panel includes retail traders, financial advisors, and trading experts to ensure an accurate evaluation takes place without any personal biases. Moreover, the evaluation process is also comprised of an algorithm that distinguishes each broker from others based on standardized criteria. This criterion consists of the following factors:

        • Profitability
        • Reliability
        • Broker's Competency
        • Affordability

Furthermore, the final step of the evaluation consists of the user's opinion and feedback. To provide a complete picture of the broker, we combine expert opinion and customer reviews before coming to any conclusion. The reviews of the existing customers provide a clear and objective image of the firm to potential clients as their are no personal bias involved.

After evaluating Admiral Markets on the above-mentioned criteria, we discovered that Admiral Markets is a reliable platform for traders and investors searching for a credible financial broker. Moreover, with its fast order executions and minimal slippage, Admiral Markets is not only a good choice for professional traders, but novice traders can also benefit from the low minimum deposit and demo or cent accounts.

Admiral Markets Review

Admiral Markets, a brokerage firm, began its journey in the year 2001. It is a registered and regulated broker by the Australian Securities and Investments Commission, ensuring the legality and authenticity of its operations. With a global footprint in over 40 countries and a cash flow exceeding USD 40 billion, Admiral Markets has made a significant impact on the global financial market. The broker operates under a permanent license granted by the Federal Financial Markets Service, and its operations are also supervised by the Financial Conduct Authority. One of the notable offerings of Admiral Markets is the FX+ Project.

Our aim in this in-depth analysis is to offer a thorough assessment of Admiral Markets, focusing on its distinguishing features and potential limitations. We will delve into the varied account types available, the procedures for depositing and withdrawing funds, the commission framework, and other pivotal aspects. Combining rigorous expert analysis with real trader feedback, we aspire to equip you with all the necessary information you need to decide whether Admiral Markets is the right brokerage for you.

>> Also Read: Forex Trading Strategies – A Trader Beginners Guide

What is Admiral Markets?

Admiral Markets, operating since 2001, is a well-established brand within the financial investment services industry. It is among the biggest Forex and CFD brokers in the world. Although its headquarters are in the UK, it also maintains offices in Cyprus, Estonia, and Australia, reflecting its global outreach.

Admiral Markets is committed to providing traders with access to efficient software and high-quality services through transparent pricing and execution. The trading process it offers boasts low latency and high trading frequency. This is facilitated by aggregating data from different banks and venues into a unified liquidity pool, ensuring traders get the best possible conditions.

Safety and Security of Admiral Markets

Admiral Markets has established a reputation for being a reliable and secure platform. It’s overseen by several of the most prestigious global regulatory bodies, including the UK’s Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), Estonia’s Financial Supervision Authority (EFSA), the Australian Securities and Investments Commission (ASIC), and the Investment Industry Regulatory Organization of Canada (IIROC). These multiple licenses enhance trader safety and enforce strict adherence to regulatory standards.

To ensure a safe trading environment, Admiral Markets abides by stringent operational models. Client funds are segregated from the company’s funds, offering additional financial protection. Additionally, traders are covered by the Financial Services Compensation Scheme (FSCS), which provides compensation in the event of financial loss. Data encryption and a secure trading environment further add to the layers of safety provided by Admiral Markets.

>> Also Read: Top Forex Scams: How to Spot and Avoid Them

Sign-Up Bonus of Admiral Markets

Admiral Markets provides an enticing sign-up bonus to its new customers. Upon registration, the broker offers a generous 100% welcome bonus, effectively doubling the initial funds available for trading Forex or CFDs. With this promotion, new traders have the opportunity to receive up to $5000 from Admiral Markets as a bonus to their trading account. This not only enhances the trading capacity for newbies but also presents an exciting incentive to join the Admiral Markets community.

Minimum Deposit of Admiral Markets

Admiral Markets is accessible to a wide range of traders due to its low minimum deposit requirement. To open an account, Admiral Markets requires an initial capital of just $100 or its equivalent in any other chosen base currency. This minimum deposit applies across all account types offered by the brokerage. This makes Admiral Markets an attractive choice for both novice and experienced traders alike, providing a low-risk entry point into the world of trading.

Admiral Markets Customer Reviews

Admiral Markets, as per the customer reviews, delivers a diverse range of experiences. Many traders find the platform particularly helpful for beginners, citing the detailed explanations and emphasis on patient trading strategies as key factors that enhance their trading skills. The broker’s customer service responsiveness and fairness, especially during times of market volatility, have earned it high ratings and long-term loyalty from some users. They appreciate how Admiral Markets steps up to rectify negative balances caused by unexpected market spikes, showcasing a commitment to reliability and honesty.

On the flip side, not all experiences are positive. Some customers have voiced their dissatisfaction with the broker’s customer support. They express frustration over unresolved issues, citing instances where they had lost control over open trades due to unresolved technical problems. This lack of timely response from the support team seems to be an area that Admiral Markets could improve upon.

Admiral Markets Account Types

Admiral Markets offers a range of flexible account options, each designed to cater to different trading needs. These accounts are broadly divided into two categories, based on the trading platform they’re linked with: Admiral Markets Account and Admiral MT5 Account. These categories further branch out into five specific account types.

The Admiral Markets account, which operates on the MT4 platform, is suitable for both beginner and advanced traders. It offers a cost structure built into the spreads, with the MT4 accounts – Trade.MT4 and Zero.MT4 – differing in their fee structure.

Just like the MT4 accounts, the MT5 accounts – Trade.MT5 and Zero.MT5 – has a similar fee structure. However, an additional account type is available for investors: Invest.MT5. This account allows for investments in Stocks and ETFs, with a minimal deposit requirement of only $1, making it a budget-friendly option for investors.

  1. Trade.MT5 Account: This account type allows traders to choose from a list of currencies, including USD, EUR, GBP, and POL, among others. It boasts a competitive spread of 0.5 pips.
  2. Invest.MT5 Account: Designed specifically for investors, this account requires a minimum deposit of just $1, making it an accessible choice for newcomers or those with smaller investment budgets.
  3. Zero.MT5 Account: This account type offers the advantage of a minimum spread (zero). However, it’s important to note that it does not provide access to commodity futures or cryptocurrency CFDs.

Admiral Markets Fees, Spreads, and Commissions

The spreads and commission charges for Admiral Markets accounts vary based on the account type and the financial instruments being traded. For Forex & Metals, the commission ranges from 1.8 to 3.0 USD per 1.0 lots. Cash Indices commission charges are within the spectrum of 0.05 to 3.0 USD per 1.0 lots, while for Energies, it’s set at 1 USD per 1.0 lots. These rates are specifically applicable to the Zero MT4 account.

One common fee that traders need to account for when trading CFDs or Forex is the overnight or swap fee. These are charges incurred when positions are maintained for a period exceeding a single trading day.

However, Admiral Markets accommodates its Muslim traders by offering an Islamic Account option, which eliminates such swap fees. This special account is available exclusively on the Trade.MT5 platform. It’s important to note, though, that while this Islamic Account waives the standard overnight trading fees, it imposes a flat administrative fee for positions held over three days on most currency trading instruments. For digital currencies and exotic forex pairs, this administrative fee applies if the position is held for more than a single day. This way, the firm ensures fairness and transparency while catering to its diverse trader community.

Deposit and Withdrawal

Admiral Markets offers a diverse array of options for account funding, making it highly convenient for traders. These options include bank transfer, Visa and MasterCard payments, and Klarna, which is accessible in many European countries, including Germany, Austria, Belgium, France, Netherlands, UK, Italy, Spain, Hungary, Slovakia, and the Czech Republic. Additionally, traders based in Poland can use Przelewy, and iBank&BankLink is also available. Importantly, all these methods do not impose any additional transfer fees, which enhances the funding opportunities for traders.

As for the associated costs, Admiral Markets does not explicitly mention any charges for deposits. However, it’s worth noting that if you opt for e-wallet payments such as Skrill and Neteller, there will be a 0.9% fee for deposit transactions or a 1% fee for withdrawals. Therefore, the actual cost depends on the payment method you choose and the specific entity you’re trading with.

When it comes to withdrawals, Admiral Markets provides two free bank wire withdrawals per month. Any subsequent withdrawal requests within the same month may incur fees. Despite this, the option for free withdrawals is a favorable feature. The methods for withdrawals are identical to those for deposits, including the most commonly used methods like Bank Wire and Card payments, providing consistent ease for traders across transactions.

How to Open an Admiral Markets Account

Opening an account with Admiral Markets is designed to be a straightforward and user-friendly process. The following is a comprehensive, step-by-step guide to walk you through the account creation process:

Step 1: Registration Completion

To start the process, go to the Admiral Markets website and the applicant must fill out a brief registration form. This includes providing necessary personal details and setting up a secure password for the account. This stage is integral for setting up the foundation of the account, ensuring all basic information is accurately captured.

Step 2: Confirmation

Upon successful completion of the registration form, an Important Notification message will appear. This notification includes key details and conditions related to the usage of the Admiral Markets platform. It is crucial for the applicant to meticulously read through these terms and conditions. Once fully understood, the applicant can then confirm their agreement to the stipulated terms by clicking on the “confirm” button.

Step 3: Account Activation

The final step involves activating the account. Once the confirmation is made, the applicant will receive an email with instructions for account activation. The applicant should check their email account (including spam/junk folders if the email isn’t immediately visible in the inbox) for this crucial email. Following the instructions in the email will complete the activation process, paving the way for the applicant to start CFD or Forex trading with Admiral Markets.

Admiral Markets Affiliate Program

Embarking on a partnership with a market leader like Forex broker Admiral Markets presents a fantastic opportunity to monetize one’s digital platform and turn traffic into substantial revenue through their affiliate program. This program is perfectly suited for a wide range of digital content creators and marketers, including but not limited to website publishers, mobile marketers, media buyers, digital marketers, webmasters, affiliate network members, and social media influencers.

By directing their audience to Admiral Markets, affiliates stand a chance to earn lucrative commissions of up to $600 for each conversion they facilitate. This opens up a promising revenue stream for digital platforms of all sizes.

Admiral Markets’ affiliate program features a Cost Per Action (CPA) reward plan, which is meticulously tailored to reward affiliates based on the activity of their referred clients. This includes factors such as the size of the initial deposit made by the referred client and their trading turnover. This approach incentivizes the recruitment of active traders, maximizing the potential earnings for each affiliate.

Admiral Markets Customer Support

Admiral Markets broker ensures that its traders receive ample support by providing a comprehensive array of communication channels. These avenues are not only diverse but also accessible, ensuring that assistance is readily available whenever needed.

One of these channels is phone support, enabling traders to speak directly to a representative for immediate assistance or detailed discussions. This is particularly useful for urgent queries or complex issues that may be challenging to convey in writing.

Another key support feature is the live chat room. This instant messaging service allows traders to communicate in real time with customer support representatives, making it ideal for immediate concerns or quick questions.

For matters that are less urgent or require a detailed explanation, traders can opt to send an email to Admiral Markets’ customer support. This option ensures that traders can thoroughly explain their issues or queries, and customer service representatives can take the time to provide a comprehensive response.

Advantages and Disadvantages of Admiral Markets Customer Support

Available via Live Chat, Email and Phone

Relevant Answers

Expert Customer Support Team

Available 24/7

Multilingual Support
Negative Customer Reviews

Admiral Markets vs Other Brokers

#1. Admiral Markets vs AvaTrade

Admiral Markets and AvaTrade are two renowned Forex brokers in the financial markets. Admiral Markets has a reputation for being user-friendly and providing a wide array of trading options, including Forex and CFD trading across multiple platforms such as MT4 and MT5. AvaTrade, on the other hand, stands out for its vast educational resources, is ideal for novice traders, and offers a variety of platforms, including its proprietary AvaTradeGO and AvaOptions.

When it comes to regulation, both brokers are heavily regulated by top-tier entities. However, Admiral Markets takes an edge with a more global reach in its regulatory compliance. In terms of pricing, both offer competitive spreads, but Admiral Markets’ commission-free trading on some account types could make it a more cost-effective choice for certain traders.

Verdict: Admiral Markets takes the lead due to its user-friendly platforms, wider regulatory reach, and commission-free trading options on certain account types.

#2. Admiral Markets vs RoboForex

While both Admiral Marketss and RoboForex are reputable brokers, they each have their distinctive advantages. Admiral Markets offers a broad range of instruments and platform options, including the widely recognized MT4 and MT5 platforms. RoboForex, meanwhile, shines with its robust offering of cryptocurrencies and its proprietary R Trader platform.

In terms of regulation, Admiral Markets holds an advantage, as it is a regulated broker by several top-tier entities, providing an extra layer of security. On the pricing front, while both brokers offer competitive spreads, RoboForex provides more account types with varying fee structures.

Verdict: Admiral Markets prevails for its superior regulatory compliance and a broad range of instruments, making it a more secure and versatile choice for traders.

#3. Admiral Markets vs FXChoice

Admiral Markets and FXChoice are both excellent choices for traders, each having its unique strengths. Admiral Markets offers an extensive range of trading instruments and a user-friendly experience with its choice of platforms. FXChoice, in contrast, stands out with its PAMM service, which could be attractive to traders interested in automated trading and money management.

When it comes to regulatory oversight, Admiral Markets, regulated by top-tier entities, has a considerable edge over FXChoice, which is regulated by a single, less established entity, IFSC of Belize. In terms of trading fees, FXChoice generally offers lower spreads, but the differences are marginal.

Verdict: Admiral Markets edges out FXChoice due to its superior regulatory oversight and a wider choice of trading instruments, providing enhanced security and flexibility for traders.

Choose Asia Forex Mentor for Your Forex Trading Success

If you have a keen interest in establishing a successful career in forex trading and aspire to achieve substantial financial gains, Asia Forex Mentor stands as the optimal choice for the best forex, stock, and crypto trading course. Ezekiel Chew, renowned as the visionary behind trading institutions and banks, is the driving force behind Asia Forex Mentor. On a personal note, Ezekiel consistently achieves seven-figure trades, a distinction that truly sets him apart from other educators in the field. Here are the compelling reasons that underpin our recommendation:

Comprehensive Curriculum: Asia Forex Mentor offers an all-encompassing educational program that covers stock, crypto, and forex trading. This well-structured curriculum equips aspiring traders with the knowledge and skills necessary to excel in these diverse markets.

Proven Track Record: The credibility of Asia Forex Mentor is firmly established through its impressive track record of producing consistently profitable traders across various market sectors. This achievement serves as a testament to the effectiveness of their training methodologies and mentorship.

Expert Mentors: At Asia Forex Mentor, students benefit from the guidance and insights of experienced mentors who have demonstrated remarkable success in stock, crypto, and forex trading. These mentors provide personalized support, enabling students to navigate the intricacies of each market with confidence.

Supportive Community: Joining Asia Forex Mentor brings access to a supportive community of like-minded traders pursuing success in the stock, crypto, and forex markets. This community fosters collaboration, idea-sharing, and peer learning, enhancing the overall learning experience.

Emphasis on Discipline and Psychology: Success in trading necessitates a strong mindset and disciplined approach. Asia Forex Mentor provides crucial psychological training to help traders manage emotions, handle stress, and make rational decisions during trading.

Constant Updates and Resources: The financial markets are dynamic, and Asia Forex Mentor ensures that students remain up-to-date with the latest trends, strategies, and market insights. Continuous access to valuable resources keeps traders ahead of the curve.

Success Stories: Asia Forex Mentor takes pride in a multitude of success stories where students have transformed their trading careers and achieved financial independence through their comprehensive forex, stock, and crypto trading education.

In summary, Asia Forex Mentor emerges as the premier choice for those seeking the best forex, stock, and crypto trading course to carve a rewarding career and achieve financial prosperity. Through its comprehensive curriculum, experienced mentors, practical approach, and supportive community, Asia Forex Mentor provides the necessary tools and guidance to mold aspiring traders into accomplished professionals across diverse financial markets.





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Conclusion: Admiral Markets Review

Having delved deeply into the offerings and operations of Admiral Markets, it becomes evident that the broker is a reliable choice for traders across all levels of experience. With a strong regulatory framework, a wide range of trading instruments, and user-friendly trading platforms like MT4 and MT5, Admiral Markets has proven its commitment to providing a versatile and secure trading environment.

Moreover, the broker shines with its competitive pricing, especially on certain account types that offer commission-free trading. Its minimal deposit requirements and ease of account setup further enhance its accessibility for traders.

Customer service is another strong suit for Admiral Markets, with their teams known for their responsiveness and professionalism. Their support system, spanning several communication channels, assures that assistance is readily available whenever required.

In conclusion, Admiral Markets offers an excellent blend of security, accessibility, and comprehensive support, making it a strong contender for traders seeking a robust and reliable trading platform.

> Also Read: 9 BEST Forex Brokers For 2024: Reviewed By Dumb Little Man

Admiral Markets Review FAQs

What is the minimum deposit requirement for Admiral Markets?

The minimum deposit requirement for Admiral Markets is $100, regardless of the chosen base currency or the type of account opened. This low entry barrier makes it a viable choice for traders with varying levels of capital.

Does Admiral Markets offer an affiliate program?

Yes, Admiral Markets offers a rewarding affiliate program. Affiliates can earn generous commissions of up to $600 per conversion by directing their audience to Admiral Markets. The reward plan is based on the activity of the referred client, including factors such as the size of the first deposit and trading turnover.

How is customer service at Admiral Markets?

Customer service at Admiral Markets is highly regarded for its professionalism and responsiveness. Multiple channels are available for communication, including phone support, live chat, and email. This ensures that traders can access help promptly and efficiently whenever required.

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