Admiral Markets Reviews- Is Admiral Markets Safe or Scam?

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Do you want to know if Admiral Markets is a good broker?

Let’s see what this veteran broker in the market offers us.

A broker that was created in 2001 in Estonia and that over the years grew more and more until it became one of the best known and prestigious in the world.

I think that this last sentence should suffice to answer the answer of whether Admiral Markets is a good broker or not, but let’s see the rest of the review to know why.

What is Admiral Markets?

Admiral is an international CFDs, Forex and spot stocks broker with a presence in countries such as Great Britain, Cyprus, Spain, Latin America, Australia or Latvia (its parent company).

Therefore we see that it is a broker with a global vocation serving almost all Spanish-speaking clients in the world (except for those in the United States), Asia or Europe. There are very few countries from which you cannot open accounts with this broker.

This means that the broker is regulated by the following organizations: FCA, ASIC or CySEC.

Being under the umbrella of the English FCA causes Admiral to fall under the protection of the FSCS for an amount of up to £ 50,000.

It also enjoys protection against the negative balance covering £ 50,000, again.

Admiral meets all the requirements of the European MiFID.

How to open an account with Admiral Markets?

Opening an account is relatively easy.

However, being a broker regulated by the FCA, and therefore being able to enjoy the protection of the English legal system, we will need to provide proof of our identity and residence.

First we have to enter our personal data in the boxes on your registration page.

Later they will send us an email to verify.

They will also ask us for photos of our identity documents and a recent invoice proving our residence.

Once they have accepted us, we already have the account created and all we need to do is deposit to start trading.

However, the best thing before opening a real account is to open a demo account without risk to practice our trading.

Admiral Markets minimum deposit

The minimum deposit to open an account with Admiral Markets must be separated according to the type of account. Basically we have two possibilities:

  • CFDs and Forex with MetaTrader 4 or 5: 200 EUR or USD
  • Investment in shares: 1 EUR or USD

Deposit methods are as follows:

DepositscommissionsMinimum deposit (USD / EUR)Weather
TransferFreeNoUp to 3 days
SofortFreefiftyInstant
Card FreefiftyInstant
Skrill0.9% – min. 1 EUR, USDfiftyInstant
iBank (Rep. Cheka)Free10Instant

Admiral Markets Analysis services

Admiral is one of the brokers that offer the most analysis and commentary services in the markets to the general public.

These analyzes include comments from the markets and the economy.

The different services are:

Premium Analytics

The latest instrument to be incorporated into the analysis of Admiral Markets and comes from the hand of Dow Jones, Trading Central and Acuity.

This Premium Analytics includes: technical analysis, economic calendar, trading ideas, global sentiment, market news, etc.

The difference is that this service can only be enjoyed by customers and is not available to non-customers.

Heat map

Service where we can see graphically and analytically the strongest assets of each day.

Market sentiment

Here we can see the sentiment data of Admiral traders for the main Forex pairs.

Technical Analysis, Fundamental and Trader’s Blog

Admiral offers two separate categories with articles on these two types of analysis. However, this is a point that I will comment on later, in my final Reviews .

Another category offered in blog format is the Trader’s Blog, where economic news about world markets is published quite frequently.

Training with Admiral Markets

We also have this section with very interesting solutions to learn the most important concepts of financial markets, from the simplest to the most complex.

Let’s see what are the available services:

  • Forex and CFDs webinars
  • Frequently asked questions
  • Trader’s Glossary
  • Upcoming seminars
  • Risk management (Tutorial on the importance of this point)
  • Articles and tutorials
  • Super Trader (Trading Course)
  • Forex Begins (Forex Course)

Of these sections I highlight the articles and tutorials, being one of the most complete in the entire online sector.

Trading Platforms

Admiral Markets bets on the Metaquotes, Metatrader 4 and Metatrader 5 platforms.

Metatrader 4 has been the best known and used platform in the world in the retail sector for years.

It is specially designed for currencies but also works with CFDs of all kinds, although in stocks it is not as developed as its “sister”, the Metatrader 5.

This platform can be used on mobile devices, tablets, Macs, and, of course, on the PC.

The main advantage of it, and key to its success, was the possibility and ease of creating automated trading for private clients in a way that created a parallel industry of gigantic size.

Metatrader 5 is a more modern platform that was created to fully enter the world futures and equity markets, where Metatrader 4 had its limitations.

Thanks to this, Admiral has been able to include other products such as shares.

Its functionality is similar to that of the MT4, with similar graphics, for example.

Where it is different is in the development of robots, because it uses another programming language. This has made it not easy to move the gigantic industry from 4 to 5.

Admiral Markets MetaTrader Supreme Edition

This is the star platform of this broker.

With it, the broker includes extra services such as Techncal Insight, trading widgets, Mini-Terminal, Tick charts, integrated market news, mini-charts, and much more.

Account types

Basically we have four types of accounts.

Depending on your circumstances, one may serve better than the other.

They are: Admiral.Markets, Admiral.Prime, Admiral.MT5 and Admiral.Invest.

Click here and open a free demo account with Admiral Markets

Risk Warning: CFDs are complex instruments and have a high risk that capital may be lost quickly due to leverage. Between 74 and 89% of retail account investors lose money when trading CFDs.

Let’s see the main characteristics of these accounts:

Admiral Markets and Admiral Prime

These are the two accounts that are offered with Metatrader 4.

Let’s see its main characteristics:

Admiral MarketsAdmiral Prime
Minimum deposit200200
Instruments (all are CFDs)
  • Currency: 37
  • Metals
  • Cryptocurrencies
  • Energies
  • Index futures
  • Cash indices
  • Actions: 62
  • Bonds
  • Currency: 45
  • Cash indices
  • Metals
  • Energies
SpreadFrom 0.5From 0
commissionsOnly in actionsYes
Minimum size0.010.01
Maximum size100200
Market depthNoNo

What are the differences between these accounts?

At first it seems that the Prime is more interesting due to the fact that it has lower spreads, but that does not have to be the case, not for all cases.

The advantage of the Admiral.Markets account is that it has more products, such as stocks and cryptocurrencies, so it is better if you want to operate any of these assets, in addition to the rest offered.

On the contrary, the Prime account is probably better if what we want to operate is only Forex (currencies).

Admiral MT5 and Admiral Invest

Admiral MT5Admiral Invest
Minimum deposit200one
Instruments (CFDs in MT5 and real shares in Invest)
  • Currency: 37
  • Metals
  • Cryptocurrencies
  • Energies
  • Index futures
  • Cash indices
  • Shares: 3,000
  • ETFs: 300
  • Bonds
  • Actions: more than 4,000
  • ETFs: 200 for retailers, 400 for professionals
SpreadFrom 0.5From 0
commissionsOnly in actionsYes
Minimum size0.01
Maximum size100
Market depthNoNo

What is the difference between these two accounts?

In this case it is clearer than in the previous one.

The Invest account is dedicated specifically for those who want to invest in real stocks, which is quite different from trading in CFDs and currencies. In this case the main difference is leverage. In the case of CFDs of shares we can use 5: 1 and in the case of real shares we cannot.

What are the differences between the different Admiral Markets accounts?

Well looking at the data it might seem that the best account would be the MT5. After all, we have over 3,000 share CFDs there, for just 62 on Metatrader 4.

However, the thing is not so simple.

As I explained before, many people prefer Metatrader 4 for the facilities that it gives to put into practice the immense market of trading robots available.

In fact, the number of integrations with MT4 in other brokers is still higher, which also helps people decide to open accounts with this platform.

This does not mean that the Metatatrader 5 platform is bad. Absolutely.

It has enormous potential and also has its own robots and market, which seems to be growing in the future.

The interesting thing here is the fact of being able to operate the markets in depth of the market, both in CFDs and in stocks. This tells us that CFDs come to be of the DMA type, that is, with volume and therefore of the ECN type.

The choice of the platform will depend a lot on what we have in mind.

Admiral Markets commissions

Let’s see how Admiral Markets behaves in the commissions and trading costs section.

  • Admiral Markets account:
    • Commissions CFDs shares: USD 0.10 per American share; 0.10% in Europe with a minimum of 4 EUR
  • Admiral Prime account.
    • Forex and metal commissions: from $ 1.8 to $ 3 per lot
    • Cash commission rates: from 0.05 to 3 USD per lot
    • Energies: $ 1 per lot
  • MT5 account:
    • Stock fees: from $ 0.01 per share
  • Invest account:
    • From $ 0.01 per share or ETF; minimum commission 1 USD United States, 5 EUR in Europe

Keep in mind that these commissions will depend on the volume and assets traded. It will be necessary to see the specific data of each product to have a clearer view of the cost of the previous ones.

For example, in the Invest account, if we buy 150 shares of Apple we will be paying 1.50 USD for that purchase.

If there were 150 Inditex shares, we would pay 5 euros commission.

Admiral Markets Leverage

For trading CFDs and currencies there are limitations for European traders with the ESMA regulations. The leverages available to European traders are as follows:

productsNew leverage
Main Forex pairs30: 1 or 3.33% margin
Main indices, gold and minor Forex pairs20: 1 or 5% margin
Lower indices, commodities and exotic Forex pairs10: 1 or 10% margin
Actions5: 1 or 20% margin
Cryptocurrencies2: 1 or 50% margin

This does not affect Latin American traders and those who open accounts with the Australian division. With these subsidiaries, the available leverage is up to 500: 1 in Forex and indices.

As I said before, in the Admiral.Invest account we have no leverage.

Admiral Markets spread

After commissions, the most sought after are spreads, which have a fairly large weight in the total cost of trading, especially in Forex, but not least in CFDs.

This concept, along with that of commissions, is very important for scalping, which is what many traders understand by high frequency trading, and which of course can be done without problems in this broker.

First of all it must be said that as we saw in the tables of the accounts, the spreads will be different between the Admiral.Markets and Admiral.Prime accounts, for example.

We are going to see the spreads that we can find in Admiral Markets.

productsSpreads
EURUSD0.7
GBPUSD1.1
USDJPY0.9
Gold0.19
Petroleum3
S & P5000.4
DAX300.8
Bitcoin55
Bund2

Again, keep in mind that these are the spreads of the Metatrader 4 Standard account. The Prime account will have lower spreads.

Another important thing to keep in mind is that these spreads will vary over time and also during the day, depending on the liquidity and situation of each market.

We are dealing with one of the most complete brokers on the market, with a very large and varied amount of assets, especially in the MT5 account.

Summary

  • Country: UK, Estonia, Australia, Cyprus. With offices in Spain and Chile.
  • Regulation: FCA, MiFID, ASIC, CySEC.
  • Markets: CFDs, Forex and real stocks
  • Broker type: market maker and ECN
  • Minimum deposit: EUR 200 for CFDs accounts. 1 for Invest.
  • Deposit methods: Transfer, Card, Skrill.
  • Commissions: Variables
  • Spreads from 0 in «Prime», 0.5 in «Markets».
  • Platform: metatrader 4, metatrader 5 and mobile applications.

Advantages and disadvantages of Admiral Markets

AdvantageDisadvantages
– Great variety of products– Some blog sections somewhat outdated
– Excellent conditions– You could include financial or future options in the Invest account (this is more a suggestion than a disadvantage)
– Acceptable commissions
– Good for scalping
– Strong and regulated group
– Good reputation

Admiral Markets reviews

Admiral Markets is a reputable broker that offers fairly good trading conditions on all of its accounts.

As it is one of the main CFD and Forex brokers in the world, we can find numerous Reviews about it on the network, both in Spanish and English media.

Among the sites with Reviews of it we have rankia , forex.es, trading united, trade2win and many more.

At trade2win, the most popular forum in England, we can find Admiral Markets references in threads where they discuss the best brokers for scalping.

If we really want to see many current Reviews from the broker, we could visit Forex Factory , the world’s best-known Forex forum. In it we can see continuous references to Admiral Markets. For example, in 2019 alone we can find more than 20 mentions in different threads. You can see it here (if you don’t speak English, just use the Google translator).

One of the best signs that we are facing one of the best brokers in the market is the absence of Reviews about it on the network, in sites such as Rankia, which is where people tend to complain more often. Both on that site and on the virtual marketplace, we found no significant Reviews on Admiral Markets.

What does this mean?

Well, it is a broker that does not give rise to problems and with which there are hardly any cases in which people suspect that the broker has done something irregular.

My Reviews of Admiral Markets

In this case we are talking about one of the brokers with the best reputation in the market and with better Reviews than the industry average.

The Prime account has as good forex trading conditions as the best retail broker in the industry.

In the standard account, highlight the excellent spreads found, both in stocks and raw materials, such as gold, which is around 0.2 normally; spreads below the sector average.

Stock CFDs at Admiral Markets

In the case of stocks for the markets account, we have fantastic spreads on the 62 stocks available. For example at Apple, the spread is usually 0.1%, which is fine for a CFD broker.

The only downside is that stock trading requires a minimum of 100 units to operate.

If we go to the Metatrader 5 or Invest accounts, we will find practically all the main global actions with the best operating conditions.

What’s more, with the inclusion of the real shares trading service, Admiral Markets has taken a huge qualitative leap, and puts it ahead of most CFDs and stocks brokers in the sector.

For example, it can offer shares like many of the traditional Spanish brokers, but few of these, or almost none, can offer such a good Forex and CFDs trading service.

If Admiral wanted to go a step further, perhaps it could also offer futures, to make a truly global offer. Although for this you should probably open a subsidiary in the United States, the market where futures have the most pull. This is not necessary anyway, and it is only an idea. Simply improving the offer and conditions of the available products would suffice.

With respect to other things, to say that you have one of the best trader tutorials blogs on the market, at the same level as the best private blogs. For example, in an elitetrader thread they used one of these Admiral articles to discuss a trading strategy ( source ).

However, there is one thing that could be improved, and that is that the technical analysis and fundamental analysis blog sections are quite out of date. In other words, it seems that they have stopped publishing content in these areas. I think they would do well to keep posting or just remove the sections.

Is Admiral Markets an ECN or Market Maker broker?

Well, both.

Although, really, I don’t think you should worry much about it, but rather about the quality of the broker.

In this case the quality of Admiral is excellent.

That is why it almost does not matter if we operate in the Prime or Invest accounts, both clearly ECN, or in the «Markets» account, which is more of a Market Maker type.

Here, like the quality of the broker, what matters most is the quality of the trader, since if you do not know how to trade, it will not help you to use the best ecn broker in the world.

Is Admiral Markets a scam?

You can be sure not.

With this broker we can be sure that it is one of those that we will not have to worry about much about it and rather about how we do trading, that is the truly difficult thing.

Having an office in Spain makes it one of the most attractive brokers when facing the world of Forex and CFDs.

In this sense, we can say that it is one of the most reliable brokers on the market.

I myself have processed many withdrawals with this broker and I can say that they are without delay and without problems.

In addition, in the few cases that have resulted in doubts or a small problem, customer service has solved it without problems, with immediate access to its agents.

With offices in Madrid, London and Chile, it is one of the best global brokers for Spanish-speaking traders, in addition to the fact that its trading conditions and products are among the best in the entire Forex and CFD market.

That, together with the fact that its ECN trading conditions are among the best in the market, make it one of the leading brokers in the market, not only in Latin America but worldwide.

Visit the Admiral Markets website for more information

Risk Warning: CFDs are complex instruments and have a high risk that capital may be lost quickly due to leverage. Between 74 and 89% of retail account investors lose money when trading CFDs.

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