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Review of Admirals
Admirals (formerly known as Admiral Markets) available in over 50 countries globally, is authorised and regulated by financial authorities in several countries, and offers negative balance protection as well as compensation cover. Keep reading and we’ll take you through everything you need to know.
Pros & Cons
What can I do with Admirals?
The platform was founded in 2001 and offers some of the most competitive spreads on its major products – starting from 0.5 pips on some assets. In addition, there are no restrictions on trading strategies with its MetaTrader WebTrader, MetaTrader 4 and 5 trading platforms.
Admirals markets, assets, and options
What assets and products can you trade on Admirals?
What leverage trading options are there?
Admirals provides up to 1:500 leverage for professional traders, which is considerably higher than the 1:100 or 1:200 typically found with online brokers.
However, leveraged trading carries an extra risk factor and should only be handled by experienced traders and not by beginners. Here’s a summary of the leverage available for different CFDs on Admirals.
|Product (CFDs)||Maximum leverage||Margin|
What are the spreads?
Admirals clients can now trade EUR/USD at 0.6 pips, GBP/USD at 1.0 pips, and EUR/GBP at 1.0 pips. You can also trade some of the world’s most popular indices at tight spreads, including:
Here’s a run down of the average spreads you’ll find on Admirals.
|Product||Average Spread||Fixed or variable?|
Fees, limits, and payment options on Admirals
What are the deposit and withdrawal fees, limits, and speeds?
Admirals accepts a wide array of payment methods, from bank transfer to major credit cards (Visa and Mastercard), Klarna, Paypal, SafetyPay, and iDEAL. You don’t have to pay any fees for Paypal, credit cards, bank transfers, and Klarna but you will be asked for a fee of 0.9% or minimum £1 when using Skrill and Neteller.
Here are all the payment methods available, along with their associated fees and transfer times.
1-2 business days
No min/No max
3 business days
0.9% (min. £1)
No min/No max
0.9% (min. £1)
No min/No max
$50 USD/No max
1 business day
How much are Admirals’ fees and commissions?
Sometimes, brokers can apply fees for trading activity, in addition to spreads and any extra platform fees. These charges are common and are the main way through which a trading platform earns its revenues. Admirals, however, relies mostly on commissions to make its profits. Here are the fees you can expect when using the platform:
|Fee type||Fee amount||Commission|
|Forex||None||1 pip spread|
|Commodities||None||1 pip spread|
|Stocks||None||0.5 pip spread|
|Indices||None||0.8 pip spread|
|Bonds||None||6 pips spread|
|Inactivity||£10.00 per month after a year||–|
Admirals trade sizes and limits
There are different types of accounts you can open within Admirals, each coming with its own trading limitations. For the MetaTrader 5 account or the Admiral Invest option, there are over 3,000 stocks to trade and 300 ETFs for retail clients.
The minimum trade size is 0.01 lots with a maximum of 100 lots for forex, a max open position figure of 500 trades, and a stop out at 30-50%, depending on if you’re a professional or retail client.
This table indicates the trade sizes available to regular Admirals users.
|Product||Minimum trade||Maximum trade|
|Forex||0.01 lots||100 lots|
|Cryptocurrency||0.01 lots||100 lots|
|Commodities||0.01 lots||100 lots|
|Indices||0.01 lots||100 lots|
|Bonds||0.01 lots||100 lots|
Admirals’ trading platform
What devices can I use Admirals on?
Admirals provides the reliable MetaTrader trading platform for its clients, with access from a variety of devices:
- Desktop and laptop computers (Windows/ Mac)
- Android smartphones
Can I use Admirals in my country?
Admirals accepts clients from many countries worldwide, except Canada, Japan, Malaysia, Singapore, the United States, and a few other smaller countries. Due to legal restrictions, you may not be able to use some of the broker’s features and products in your country, so we recommend checking their website for further information.
Is Admirals available in my language?
Currently, Admirals is available in 30 languages, covering all major areas of the globe. Apart from English, you can use Admirals in Spanish, Italian, French, and Chinese.
Select your language below and we’ll tell you if support is available to you through Admirals.
How easy is it to use Admirals?
Admirals is easy to use and suitable for both beginner and professional investors – generally speaking, it can be easily used by anyone.
It provides a series of webinars and courses for beginners to learn how to trade and the Metatrader WebTrader and MetaTrader 4 and 5 platforms can be used on a series of devices, from PCs (both Apple and Microsoft) to iPads, iPhones, tablets, and Android devices – which means you can take your trades with you wherever you are.
Admirals offers several sophisticated features aimed at offering clients a good and transparent trading experience. Here are three of our favourites.
Bull and bear signals in the form of sentiment widgets which show you the correlations between long and short positions held by other traders.
Negative account balance policy
This feature means that Admirals will compensate you for a negative balance caused by regular trading activities.
The Premium Analytics portal provides market news, technical analysis, global sentiment indicators, and economic calendar from over 1,000 sources of financial media. You can have access to all the information provided once you open a live trading account for free.
Security and regulation
Is Admirals safe?
Yes, Admirals is a secure trading platform. It is authorised by two tier-1 regulators and two tier-2 regulators, giving assurance about the security of your funds.
Am I and my funds protected?
Yes, in complete accordance with FCA rules, clients’ funds are identifiable and available at all times. The funds cannot be used by Admirals for any purpose, and, under the UK insolvency law, all client money is protected and unavailable to general creditors of the firm, in case Admirals files for bankruptcy.
In other words, your funds are safe and protected, and they cannot be used by anyone else but you.
Is Admirals regulated?
Yes, the company is a regulated broker offering a wide array of trading instruments and advanced trading platforms with flexible accounts.
It is regulated by the following authorities:
- UK FCA (Financial Conduct Authority),
- ASIC (Australia Securities and Investment Commission)
- CySEC (Cyprus Securities and Exchange Commission)
- EFSA (Estonian Financial Supervision Authority)
- MiFID II in Europe (The Directive on Markets in Financial Instruments)
Do I have to verify my account with Admirals?
Yes, to open a trading account with Admirals, you need to provide a series of documents for your verification, depending on the type of account you set up (individual or for legal entities). For individuals, you will need to provide Admirals with the following documentation:
- A copy of a valid identification document (photo ID, Passport, or similar)
- Proof of residence (e.g. a utility bill) not older than 3 months which contains your full residential address.
- Client agreement (automatically generated via the Traders Room once you complete the application for an account).
For purposes of KYC (Know-Your-Customer), Admirals can require you to submit additional documents.
Admirals has a great array of educational resources. It is dedicated to teaching its investors the basics of trading through a series of webinars and seminars. Other educational resources for new traders include courses and articles. The educational service is free and it is available on-demand to fit your schedule, which means you can learn online whenever it best suits you.
If you’re already familiar with the basics, you can choose both intermediate and advanced content that is custom-tailored for your investment needs.
Tools and charting
Through its main MetaTrader WebTrader, MetaTrader 4 and MetaTrader 5 trading platforms, Admirals gives access to detailed, proactive analytics, educational guidance and customisable options empowering investors of all skill levels to take control of their investments.
Admirals takes customer service seriously and always looks for the fastest way to solve any issues regarding their accounts or any complaints. You can contact their customer service team by filling in a form in the Contact Us page on the website.
Other ways to get in touch with an authority include an email address (firstname.lastname@example.org), a phone number for clients (+442035041364), as well as a page for Remote support if you experience any technical issues related to the trading platforms used.
The average connection time for customers is under 1 minute, and overall feedback for the customer service received by Admirals is very good.
CFD and forex traders choose Admirals for its advanced MetaTrader features and the investor education, which separates itself from other similar services on the market. It offers a good range of CFDs and attractively high leverage of up to 1:500 – although traders should exercise caution before trading with borrowed money.
Admirals can be easily used both by beginners and professional traders. Each user benefits from a series of useful features, including its trade management which offers trading with preset stop-loss, take-profit and trailing stops, and market research via Premium Analysis.
It is a safe and secure platform to use, and opening an account doesn’t require a fee. Overall, Admirals offers a solid service to its users and is worth signing up to if you want to trade a wide range of assets with minimal spreads.
How to open an account with Admirals
Opening a trading account with Admirals is easy and you will receive step-by-step guidance on the site. These are the steps to follow:
- You have to create a Trader’s Room account – this is your personal account management system that allows you to create demo and live trading accounts, withdraw & deposit funds.
- Click on ‘Start Trading” on the top right hand side of the homepage
- Enter your personal details, country, phone number, and click the “sign up” button.
- Upload your ID documentation (one primary photo ID and one secondary ID such as a utility bill).
- Log in with your account credentials and start practicing on a demo account first or trading live.
Admirals is owned by Admiral Group PCL, and is a financial service company headquartered in Wales, UK.
Admirals makes money out of the trading spreads offered to traders, as it generally does not charge any other fees.
Depending on the state laws where you are from, you may have to pay taxes on any profits you make while trading on Admirals. However, the company accepts no liability for any tax you may be required to pay on any profits made during the time you are an account holder.
Check with relevant authorities where you are to discover if you will have any tax liabilities on trading profits.
Yes, Admirals offers CFD trading on shares, currency pairs, stock indices, commodities, bonds, cryptocurrencies. There are over 3,800 CFD trading opportunities within Admirals.
Simply open your MT4 or MT5 platform and sign in using your demo or live account details. In the ‘Market Watch’ window, double click the asset you would like to sell and then click ‘Sell by Market’.
Log into your Admirals account and submit a written request to support: email@example.com.
To short sell on Admirals you first need to create a demo or live trading account, download and install the MetaTrader, open the platform, and sign in. Go to the “Market Watch” window, double-click the asset you want to short, and then click “Sell by Market”.
Short selling involves selling an asset in the anticipation that it will fall in price – if this happens you can buy the asset back once the price drops and pocket the difference.
Simply go to the Admirals login page and click the “Reset Password” button after you input your email address. A verification email will be sent to your email to create a new password.
Yes, you can transfer money from your Admirals account into your Paypal account by processing a withdrawal with PayPal.
All your executed and open trades are saved in real time and you can resume them once the platform is available again.
Should Admirals cease operations, it is regulated by The Financial Conduct Authority (FCA) which is a tier 1 regulator and guarantees client’s funds up to £25,000.
Yes, when MT4 is running, look toward the bottom and you will notice several tabs – Trade, History, News, Alerts, etc. Select the “Account History” tab and then select “All History”. You will be able to see all your trading history made on MT4 platform.
No, you cannot pay using cryptocurrencies. However, you can trade cryptocurrency CFDs on Admirals.
Yes, one of the bonuses offered is the company’s “personal offer” which is only open to professional traders who deposit more than £15,000 and the offer is only valid if it was sent personally via email by a Admirals’ representative. The offer is for a percentage of the funds deposited.
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