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 most prestigious in the world.
I think that this last sentence should be enough to answer the answer of whether Admiral Markets is a good broker or not, but we will see the rest of the review to find out why.
Visit the Admiral Markets website Warning: 54-89% of clients lose money when trading with CFD and Forex providers. Trading CFDs involves a lot of risk due to the high leverage. You can lose all of your capital. Before making an investment with CFDs you should seriously consider if you have the necessary knowledge about the securities and if you can face the possible loss of all your capital
Security Is Admiral Markets legit?
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 those from the United States), Asia or Europe. There are very few countries from which you cannot open accounts with this broker. This makes the broker regulated by the following bodies: FCA, ASIC or CySEC .
Being under the umbrella of the English FCA makes Admiral fall under the protection of the FSCS for an amount of up to 85,000 pounds.
You also have negative balance protection covering £ 50,000, again.
Admiral meets all the requirements of the European MiFID.
Admiral Markets Spain and international
Being in the FCA has meant that the broker does not consider it necessary to also regulate itself in the CNMV. This shouldn’t worry traders in the least as the FCA itself is just as strict and prestigious, if not more so, than the Spanish body. However, it is registered with the Spanish body under number 2351. You can see the registration here.
The Spain office is one of the most successful of the group serving a large number of Spanish traders who prefer Admiral as their favorite Forex and CFD broker.
It is undoubtedly one of the most important Spanish brokers in the world.
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.
We must first 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 residency. All of this is the usual process in the European and international brokerage markets.
Once we have been accepted, we have the account created and you only need to deposit to start trading.
Anyway, the best thing before opening a real account is to open a demo account without risk to practice our trading.
Admiral Markets demo
If you think this is a good Forex broker and you want to test their platform, you don’t need to invest your own money. With the Admiral Markets demo account you can test it with a fictitious € 10,000 to familiarize yourself with how it works or improve your investment strategies.
This account is identical to the real Admiral Markets account, so you will have access to all the assets, live news, market data and even a beginner’s guide with which you will learn the basics of investing.
Verification by mail of the admiral markets demo account
How to open a demo account at Admiral Markets?
If you want to open your demo account at Admiral Markets and start practicing in a realistic investment situation, follow these steps:
- Access the form to create the demo account at Admiral Markets.
- Fill in the fields of the form.
- Next, you will see a screen with some credentials. These are your access data to the trading platform. In addition, you will receive this information in your email.
Once these steps are done, you will have a demo account at Admiral Markets ready to start investing.
How to invest with the Admiral Markets demo account?
Admiral Markets demo platform
If you have already completed the steps to open the demo account in Admiral Markets, you will have received an email with your access data to Metatrader 5.
In this email you will find several download links (for computers and smartphones), and a link for the WebTrader. The WebTrader is the web version of the investment platform, so you do not need to install any program to invest.
Whether you choose the web mode or if you choose to download the program, the steps to invest are:
- Open the investment platform. In case you want to use the WebTrader you have to click on the button that says “Start trading”. If you have chosen to download the program (either on your computer or on your mobile), you just have to open it.
- Enter the access data that comes in the email you received after creating the account.
- It begins to operate.
With these 3 simple steps you can start trading with your demo account at Admiral Markets . The next step is to select an asset and launch a trade. You can do this in 2 ways:
- In the left area of the screen you will find the most common currency pairs. You can select one of them and double-click to open a dialog box in which to enter the details of the operation.
- Click on the second icon that appears on the top bar. It is a blank sheet with a green plus sign. Doing so will open a dialog where you can select the asset and order details.
What countries do you accept customers from?
Admiral Markets is an international broker and accepts clients from almost every country in the world. Above all, it accepts clients from Spanish and European countries, where the majority of the world’s Spanish-speaking clients reside. Clients from the United States are not accepted however.
Countries from which accounts are accepted: Spain, Mexico, Argentina, Colombia, Chile, Peru, Uruguay, Panama, Ecuador, Dominican Republic, Bolivia, Paraguay, Venezuela, Honduras, Guatemala, El Salvador, Costa Rica and Nicaragua.
How to deposit money?
The minimum deposit to open an account at Admiral Markets must be separated according to the type of account. Basically we have the following possibilities (EUR, USD):
- Metatrader 4: 100
- Metatrader 5: 100
- Stock investment: 1
The deposit methods are as follows:
|Deposits||commissions||Minimum deposit (USD / EUR)||Time|
|Transfer||Free||Do not||Up to 3 days|
|Skrill||0.9% – min. 1 EUR, USD||fifty||Instant|
|iBank (Rep. Cheka)||Free||10||Instant|
|Visit the broker|
81% of retail CFD accounts lose money
Admiral is a broker with a very complete service. Contact methods are as follows:
- Web chat
- Form on the contact page
- Email: email@example.com
- Telephone: 91 114 25 01
- Remote support software
- Head Office: Covent Garden, London
Market analysis services
Admiral is one of the brokers that offers the most market analysis and comment services to the general public. These analyzes include commentary on the markets and the economy.
The different services are:
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 clients and is not available to non-clients.
Service where we can see graphically and analytically the strongest assets of each day.
Here we can see sentiment data from Admiral traders for the major Forex pairs. This is one of the favorite tools of traders. One particular tip could be to look at the market sentiments of various brokers, some of which are provided free of charge as is this case.
Professional technical analysis service provided by the version of Metatrader 4, Supreme, exclusively from Admiral Markets
Technical, Fundamental Analysis 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 opinion.
Another category offered in blog format is the Trader’s Blog, where economic news about world markets is published quite frequently.
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 services are available:
- Forex and CFDs webinars : this is one of the brokers with the most seminars (the face-to-face seminars we assume that we will no longer see them while the Covid pandemic lasts) and online webinars, which are done practically daily and touch many of the points of interest. current markets, in addition to the typical trading education
- Frequently asked questions : essential section where we can see the answers to the most classic questions. This is where you will find how to deposit and withdraw money, for example
- Trader’s glossary
- Risk management (Tutorial on the importance of this point)
- Articles and tutorials
- Super Trader (Trading Course): 15-day course with videos that can be done by registering for free
- Forex Begins ( Forex Course): This is a course more focused on Forex and CFDs.
- Block 1: Starting to operate
- Block 2: First sensations for Forex trading; Metatrader 4 settings
- Block 3: indicators and risk management
Of these sections I highlight the articles and tutorials, being one of the most complete in the entire online sector.
Admiral Markets bets on the Metaquotes platforms, Metatrader 4 and Metatrader 5, of which it has also developed its own version, Metatrader Supreme.
Metatrader 4 has been the world’s best known and most used platform in the retail sector for years now. It is specially designed for currencies but it 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 individual clients in a way that created a parallel industry of gigantic size.
The Metatrader 5 is a more modern platform that was created to fully enter the futures and equities markets of the world, where the Metatrader 4 had its limitations. Thanks to this, Admiral has been able to include other products such as stocks.
Its functionality is similar to that of the MT4, with similar charts, 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. However, recent years are seeing an increase in the use of this platform, helped by offering new ranges of products that the previous one does not have, such as cash shares.
Admiral Markets Metatrader Supreme Edition
This is the star platform of this broker.
Admiral Markets Mini Terminal
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.
Among the most outstanding services of the same we have:
➡️ Product trading widgets with global opinion on the different assets, where we can see the market sentiment and other interesting indicators in situ.
➡️ Mini termial to facilitate operations, where you can see all kinds of data such as volume and the introduction of trading orders is facilitated
➡️ Advanced tick chart, where you can see the variation of the spread and therefore of the market conditions. It can be operated directly from it
➡️ News and economic calendar in real time
➡️ Trading simulator where we can execute simulated operations in real price conditions. Ideal for testing new strategies
➡️ Trading Central, as we discussed before, premium technical analysis service in cooperation with Technical Insight
Visit the broker
Between 54 and 89% of retail CFD account investors lose money
There are five types of accounts. Depending on your circumstances, one may serve better than the other.
We are going to see the main characteristics of these accounts.
These are the two accounts that are offered with the Metatrader 4.
Let’s see its main characteristics:
|Instruments (all are CFDs)|
|Spread||From 0.5||From 0|
|commissions||Only in stocks||Yes on all products|
|Negative balance protection||yes||yes|
What are the differences between these accounts?
At first it seems that the Zero is more interesting due to the fact that it has lower spreads, but that does not have to be the case, not in all cases.
The advantage of the Trade account is that it has more products, such as stocks and cryptocurrencies, so it is better if you want to trade any of these assets, in addition to the rest offered.
On the contrary, the Zero account is probably better if what we want to trade is only Forex (currencies).
Admiral MT5 and Admiral Invest
|MT5 accounts||Trade.MT5||Zero.MT5||Admiral Invest|
|Instruments (CFDs on MT5 and real stocks on Invest)|
|Spread||From 0.5||From 0||From 0|
|commissions||Only in stocks||Yes on all assets||Yes|
You can see a Metatrader 5 tutorial for Admiral Markets here:
What is the difference between these accounts?
This case is similar to the previous one but with the addition of the investment account that will allow us to invest in shares in cash.
The Invest account is specifically dedicated to those who want to invest in real stocks, which is quite different from trading CFDs and currencies. In this case the main difference is the leverage. In the case of CFDs on 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 there we have more than 3,000 cfds of shares, for only 62 in Metatrader 4.
However, the thing is not so simple.
As I explained before, many people prefer Metatrader 4 because of the facilities it gives to implement the huge market of trading robots available. In fact, the number of integrations with MT4 in other brokers continues to be higher, which also helps people decide to open accounts with this platform.
This is not to say that the Metatatrader 5 platform is bad. Absolutely.
It has enormous potential and also has its own robots and market, which seems to grow 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 are 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 fees 2021
Let’s see how Admiral Markets behaves in the section on commissions and trading costs.
- Stock CFDs: from $ 0.01 per share
- Forex: from 1.8 to 3 USD per lot (one way)
- Energy: from 1 USD per lot
- Indices: from $ 0.05 to $ 3 per lot
- idem Trade.MT4
- idem Zero.MT4
- USA Shares: from $ 0.02 per share; minimum 1 USD
- Europe shares: 0.15%; minimum 1 EUR; without custody
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 vision of the cost of the previous ones.
For example, in the Invest account, if we buy 150 shares of Apple we will be paying 3 USD for that purchase (remember that the minimum is 1 USD).
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 less important in CFDs.
This concept, along with 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 at this broker.
First of all, it must be said that as we saw in the account tables, 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.
|S & P500||0.4|
Again, keep in mind that these are the spreads for 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 do so during the day, depending on the liquidity and situation of each market.
We are facing one of the most complete broker in the market, with a very large and varied amount of assets, especially in the MT5 account.
For trading CFDs and currencies there are limitations for European traders with the ESMA regulations. The leverages available to European traders are as follows:
|Major Forex Pairs||30: 1 or 3.33% margin|
|Major Indices, Gold, and Minor Forex Pairs||20: 1 or 5% margin|
|Minor Indices, Commodities, and Exotic Forex Pairs||10: 1 or 10% margin|
|Actions||5: 1 or 20% margin|
|Cryptocurrencies||2: 1 or 50% margin|
As I said before, in the Admiral.Invest account we have no leverage.
Admiral Markets is a broker with a very attractive investment offer. We not only have access to one of the best Forex and CFD trading offers, but also to trade stocks and cash ETFs, also with conditions that are among the best in Spain. Latin American clients do not have cash shares but they do have CFDs on them.
|Admiral Markets||Spain||Latin America||Quantity|
|Forex CFDs||Yes||Yes||Four. Five|
|Cash shares||Yes||Do not||4,350|
|Spot ETFs||Yes||Do not||200|
Admiral Markets has a very complete offering of financial assets. Other brokers may have more products but in general, an offer like this is cheaper in almost all of them than what we can find in any traditional Spanish broker such as Renta 4 or the Bankinter Broker, for example.
How Admiral Markets Compares
We are going to see the comparison between the brokers Admiral Markets and Pepperstone, two of the most popular in the Forex market on the internet.
Admiral Markets Vs Pepperstone
Trading CFDs involves a lot of risk due to the high leverage. You can lose all of your capital. Before making an investment with CFDs you should seriously consider if you have the necessary knowledge about the securities and if you can face the possible loss of all your capital
|Security and regulation||5||5|
|Platforms and tools||4.7||4.7|
|Markets and Products||4.5||4.2|
|Regulations||UK, Australia, Cyprus||UK, Australia, Germany, Cyprus, Dubai, Bahamas, Kenya|
|Platforms||Metatrader 4, Metatrader 5||Metatrader 4, Metatrader 5, cTrader|
|Instruments||Spot stocks, ETFs, Stock CFDs, ETFs CFDs, Forex, Commodities, Indices, Cryptocurrency CFDs, Bond CFDs||Stock CFDs, ETFs, Forex, Commodities, Indices, Cryptocurrency CFDs|
|S & P500||0.4||0.4|
|More information||More information|
|81% of customers lose money||78.6% of customers lose money|
Showing from 1 to 21 of 21 records
Regulation and safety
Admiral Markets is a broker regulated in three key regulations, such as the United Kingdom, Australia and Cyprus, from where they can serve clients from several continents, being a broker of global aspiration.
Pepperstone has a similar profile but with more regulations, if possible, with some even in Germany.
The only advantage that Admiral Markets has in this regard is that it has an office in Madrid, with which it can better serve Spanish clients, especially those looking for closer customer service in Spanish. However, this does not necessarily make Admiral more secure.
Winner: Admiral Markets
Opening an account with both brokers is an automated and efficient process. In addition, the minimum deposits are affordable and small investors can open an account without problems.
Pepperstone has a small advantage in terms of deposit methods.
In general, it is a field in which there can be no clear winner.
Platforms and tools
Both brokers have professional platforms and in particular the most prominent ones in the Forex and CFD market, such as Metatrader 4 and Metatrader 5. In this way, these brokers provide an ideal service for advanced trading, and for algorithmic trading functionalities.
What Pepperstone stands out for is its cTrader offering, which is designed to provide even better forex execution conditions.
Markets and Products
Admiral Markets has a fairly wide range of products, with CFD derivatives markets for almost all assets, including cryptocurrencies. It also offers stocks and cash ETFs in the Spanish market.
Pepperstone has a somewhat more limited range of products, as it offers neither cryptocurrency CFDs nor cash stocks. His Forex offering, however, stands out.
Winner: Admiral Markets
Admiral Markets is a leading broker in the competitive trading commission market, both in Europe and America.
Pepperstone is a leading broker in the Forex market, with some of the lowest commissions in the market, and it is in this field where its commissions are lower than those of Admiral.
Admiral, on the other hand, has better conditions in markets such as oil or the IBEX 35.
Pepperstone is not a broker that stands out for its extra training, information and education services. The broker is totally committed to the pure trading service.
Admiral Markets has a fairly comprehensive training and marketing service. Its training department usually manages webinars quite regularly, being quite followed in the Hispanic markets.
Winner: Admiral Markets
Pepperstone has professional customer service and is very good at customer service. They respond quickly and efficiently.
Admiral Markets also has a very good customer service, with the advantage that they provide such services from their Madrid office and that is why it can be understood that it is closer to trading in the Spanish-speaking world.
Winner: Admiral Markets
Both brokers are among the most popular in the global market and not without reason. Both are veterans of the market and have a very strong regulation, but also offer outstanding and well-known products in the market.
The style of both is similar and in general we would say that they are on the same level, if anything with a slight advantage of Admiral Markets in some points. In the Forex, however, Pepperstone has an advantage, especially due to its capacity given by the cTrader.
- Admiral Markets Winner: 4
- Pepperstone Winner: 4
- Tie: 2
|Pepperstone suits you best if:||Admiral Marekts suits you best if:|
Advantages and disadvantages
|+ Wide variety of products, even offering cash stock investment|
|+ Excellent conditions in all products|
|+ Competitive commissions that are at the level of the best brokers in the market|
|+ Good for scalping and automatic trading|
|+ Solid and regulated group|
|+ Good reputation in Spain, Europe and Latam|
|+ The customer service is excellent, always responding very quickly|
|– In general it is difficult to find disadvantages for Admiral Markets|
|– Could include financial or futures options in Invest account (this is more of a suggestion than a disadvantage)|
Visit the broker
Between 54 and 89% of retail account investors lose money
Admiral Markets opinions
There are many opinions about the Admiral Markets broker. It is one of the best-known brokers in Europe and that is important, and that is why it has many followers. Let’s see the opinions:
It is a good broker. It is in very good condition, with quick withdrawals and good customer support.
Customer service is very good, but I was a bit disappointed in the service and product.
It is a very good platform. The spreads are pretty tight.
I had problems using the platform. Customer support resolved the issue for me.
I was not disappointed. The withdrawal of money has been without problems.
The broker has very low spreads and also the operations are executed very fast. It is very good for operators on a frequent basis.
Fast payments, fast execution, and good customer service.
The app is not working for me. Graphics are not working properly.
Admiral Markets is a reputable broker that offers pretty good trading conditions on all of its accounts.
As it is one of the main CFDs and Forex brokers in the world, we can find numerous opinions about it on the net, both in Spanish and English media.
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 opinions of the broker, we could visit Forex Factory , the best known Forex forum in the world. In it we can see continuous references to Admiral Markets. For example, only in 2019 we can find more than 20 mentions in different threads. You can see it here (if you don’t speak English, just use Google translate).
One of the best signs that we are facing one of the best brokers in the market is the absence of opinions about it on the net, in sites such as Rankia, which is where people usually put their complaints more often. Both on that site and on the virtual exchange, we did not find significant opinions about 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.
Is it a good broker?
In this case we are talking about one of the brokers with the best reputation in the market and opinions that are better than the average in the sector.
The Prime account has forex trading conditions as good as the best retail broker in the industry.
In the standard account, highlight the excellent spreads found, both in stocks and in commodities, such as gold, which is around 0.2 normally; spreads below the industry average.
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 of the main world stocks with the best operating conditions.
What’s more, with the inclusion of the real stock trading service, Admiral Markets has taken a huge quantum leap, putting it ahead of most brokers in both CFDs and stocks.
For example, you can offer stocks like many of the traditional Spanish brokers, but few of these, or almost none, can offer such a good Forex and CFD trading service.
If Admiral wanted to go a step further, perhaps it could also offer futures, to make a truly global offering. Although for this you should probably open a subsidiary in the United States, a market where futures have the most pull. This is not necessary anyway, and is just an idea. Simply improving the offer and conditions of the available products would be enough.
Regarding other things to say that it has one of the best blog of traders tutorials in the market, at the height of the best private blogs. For example, in an elitetrader thread they used one of these Admiral articles to comment on a trading strategy ( source ).
However, there is one thing that could be improved, and that is that the technical analysis and fundamental analysis sections of the blog are quite out of date. That is, it seems that they have stopped publishing content in those areas. I think they would do well to keep posting or just remove the sections.
Is Admiral Markets an ECN broker or Market Maker?
Well, both. Although, really, I don’t think you should worry too 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, just like the quality of the broker, what counts the most is the quality of the trader, since if you do not know how to trade, using the best ecn broker in the world will not help you.
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 yes about how we do trading, that is the really difficult thing about the matter.
The fact of having an office in Spain makes it one of the most attractive brokers when it comes to 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 money 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 also in the world.
|Visit the Admiral Markets website for more information|
Risk warning: CFDs are complex instruments and have a high risk that capital could be lost quickly due to leverage. Between 54 and 89% of retail account investors lose money when trading CFDs.
Where is its headquarters?
Its headquarters are in Estonia, its country of origin. However, it is a broker with an important international presence and maintains offices in Madrid and London among other financial centers.
Is Admiral Markets an ECN broker?
Admiral is a broker without the money table intervention, but the most important thing is not that but that it is a broker with a great reputation and a lot of prestige after many years operating in international markets. In addition, with the addition of cash shares, it now offers direct access to the market, with which we can no longer ask for more in this regard.
Can you scalp with Admiral Markets?
Of course. Admiral Markets has no problem with traders running frequent type accounts. Direct market access is proof of this. As a guy I want to add that this is a very complicated type of trading and that all that glitters is not gold. Do not believe everything you read on the net about “wonderful” trading methods.
Is Admiral Markets safe?
Admiral is one of the safest brokers on the European scene. This does not mean that he is invincible. Every business can fail. For the tranquility of investors, Admiral participates in investment protection programs, such as English, which reaches up to 85,000 pounds.