Review of Admirals

Admirals allows users to trade a variety of financial products from a single trading platform, including currencies, commodities, cryptocurrencies, stocks, and ETFs.
By: Theodor Tonca
Theodor Tonca
Having worked for a decade as an analyst, investment partnership founder, and writer - Theodor is a keen sportsman. When not… read more.
Updated: Jun 4, 2021
3/5 Star rating
18 min read
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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

Pros:

Advanced trading and charting tools
Commission-free accounts with no hidden fees
Lots of educational resources, including webinars and seminars
Access to various different tradable assets

Cons:

What can I do with Admirals? 

Admirals is an award-winning forex and CFD broker, offering complete CFD trading on shares, currency pairs, stock indices, commodities, bonds, cryptocurrencies, and ETFs. 

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? 

With thousands of trading opportunities, Admirals allows you to trade some of the most popular stocks on the market, including Apple (AAPL), Google (GOOG), and Facebook (FB).

You can also trade cryptocurrencies like Dash, Bitcoin, Ether, Litecoin, and Stellar, and a range of commodities and forex pairs. Here’s a full summary of what you can trade with Admirals.

Product (CFDs)Offering
Forex pairs50
Cryptocurrency32
Commodities28
Stocks3,398
ETFs376
Indices44
Bonds2
See all tradable assets >

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 leverageMargin
Forex1:5000.2%
Cryptocurrency1:520%
Commodities1:5000.2%
Indices1:5000.2%
Stocks1:205%
Bonds1:2000.5%
See all leverage trading options >

What are the spreads? 

The company has recently reduced its typical spreads on its most popular financial instruments, including top currency pairs like the EUR/GBP and EUR/USD

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.

ProductAverage SpreadFixed or variable?
Forex1 pipVariable
Commodities1 pipVariable
Cryptocurrency1%Variable
Stocks0.5 pipsVariable
Indices0.8 pipsVariable
Bonds6 pipsVariable
See all Admirals’ spreads >

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.

Payment methodDepositWithdraw
Paypal
– min/max
– fees
– speed
Yes
$200/ $10,000
Free
Instant
Yes
$50/ $5,000
Free
24 hours
Debit/Credit card
– min/max
– fees
– speed
Yes
€50/ €10,000
Free
Instant
Yes
$50/ $5,000
Free
24 hours
Bank Transfer
– min/max
– fees
– speed
Yes
None/No max
Free
1-2 business days
Yes
No min/No max
Free
3 business days
Skrill
– min/max
– fees
– speed
Yes
$200/No max
0.9% (min. £1)
24hours
Yes
No min/No max
Free
24 hours
Klarna
– min/max
– fees
– speed
Yes
€50/No max
Free
Instant
Yes
€50/€10,000
Free
24 hours
Neteller
– min/max
– fees
– speed
Yes
$200/No max
0.9% (min. £1)
24hours
Yes
No min/No max
Free
24 hours
SafetyPay
– min/max
– fees
– speed
Yes
$50 USD/No max
Free
24 hours
Yes
$50/$5,000
Free
1 business day
iDeal
– min/max
– fees
– speed
Yes
€50/No max
Free
Instant
Yes
€50/€10,000
Free
24 hours
See all payment options >

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 typeFee amountCommission
ForexNone1 pip spread
CommoditiesNone1 pip spread
CryptocurrencyNone1%
StocksNone0.5 pip spread
IndicesNone0.8 pip spread
BondsNone6 pips spread
Inactivity£10.00 per month after a year
Learn more about Admirals’ fees >

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.

ProductMinimum tradeMaximum trade
Forex0.01 lots100 lots
Cryptocurrency0.01 lots100 lots
Commodities0.01 lots100 lots
Stocks1 shareN/A
ETFs1 shareN/A
Indices0.01 lots100 lots
Bonds0.01 lots100 lots
Find out more about Admirals’ trade limits >

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)
  • iPhones
  • Android smartphones
  • Tablets

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. 

Key features 

Admirals offers several sophisticated features aimed at offering clients a good and transparent trading experience. Here are three of our favourites.

Market Sentiment

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.

Premium Analytics

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. 

Extra information 

Educational resources 

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.

Customer support 

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 (global@admiralmarkets.com), 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.

Our verdict 

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:

  1. 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.
  2. Click on ‘Start Trading” on the top right hand side of the homepage
  3. Enter your personal details, country, phone number, and click the “sign up” button.
  4. Upload your ID documentation (one primary photo ID and one secondary ID such as a utility bill).
  5. Log in with your account credentials and start practicing on a demo account first or trading live. 
Who owns Admirals?
How does Admirals make money?
Do I have to pay tax on Admirals profits?
Does Admirals offer CFD trading?
How do I sell on Admirals?
How do I delete my Admirals account?
How can I short on Admirals?
What if I forget my account password?
Can I transfer from my Admirals account into my PayPal account?
What if Admirals closes down while I have open trades?
Can I access my full trading history on Admirals?
Can I pay in cryptocurrency with Admirals?
Does Admirals offer bonuses?

Fact-checking & references

Accuracy is our number one priority. Our editors constantly review content across Invezz, ensuring all information is up-to-date and maintained where required. Read more about our fact-checking process >

Risk disclaimer

Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >

Theodor Tonca
Financial analyst
Having worked for a decade as an analyst, investment partnership founder, and writer - Theodor is a keen sportsman. When not working, he can most commonly… read more.

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