Summary

Admirals (formerly known as Admiral Markets) is an online trading service provider that offers CFD trading on a wide range of financial assets. They offer a proprietary app for mobile users. However, clients will have to resort to Metatrader when using a desktop. 

Our Admirals review provides in-depth details regarding their trading platforms and services. We will look at their fees, account types, safety, spreads, and more. We will also fill you in on all you need to know about stock trading with this broker. 

Available Assets

This broker has a large bouquet of financial instruments for traders. Those who open a live account with them can trade 45+ forex pairs, 25+ commodities, 40+ indices, 3,440+ stock CFDs, 20+ cryptocurrencies (Only in Seychelles), 360+ ETFs, and 2 bonds. They also allow investors to invest in 3,500+ real shares and 700+ real ETFs. Here in our Admirals review, we will explore all these diverse assets in more detail. 

Stocks

Admirals provides 3,500+ real stocks and 3,440+ stock CFDs for trading. Clients can choose any of these options depending on preference and place an order. In addition, traders can speculate on the price action of shares such as GOOG, BNP, FB, and BMW via any of the broker’s trading platforms.

Indices

There are 40+ indices available on this broker’s instruments listing. Some examples include SP500, DAX40, and FTSE100. Traders who enjoy trading this financial asset will have a plethora of options to choose from with this broker.

Forex

Admirals has 45+ currency pairs to offer. Its forex portfolio consists of major, minor, and exotic pairs. Users of this broker can buy or sell forex pairs such as EUR/USD, USD/JPY, and GBP/USD.

Commodities

Commodities available include GOLD, SILVER, and NGAS. In total, there are 25+ commodities provided on this broker’s desktop and mobile platforms. 

Cryptocurrencies

Unlike many competitors, the broker has a relatively robust cryptocurrency offering. There are 20+ cryptocurrency CFDs provided by this broker, including Ethereum, Solana, XRP, and Litecoin.

ETFs

Traders with a live account will have access to 360+ ETF CFDs and 700+ real ETFs, including SPY, GDX, and EEMUS.

Bonds

Admirals is one of the few brokers that offer bonds futures to traders. There are 2 bond futures provided by this broker, US 10 Yr T-Note, and Bund.

Stock Trading at Admirals

With this broker, traders interested in the stock market can trade shares. They offer thousands of CFD and real stocks on their platforms. Here in our review, we look at everything you need to know about Admirals’ stock trading, including all the available stock exchanges at this broker. 

Available Stock Exchanges at Admirals

Traders have the option of trading 3,440+ stock CFDs and 3,500+ real shares. Below, we list all the available stock exchanges this broker provides.

Stock Trading Fees & Commission at Admirals

This broker charges a commission on stock CFDs and ETFs, and the specific fee depends on the trader’s country of residence. Traders in the US will enjoy 6 free trades per day, after which each subsequent transaction will attract a 0.02 USD charge per share. The minimum per transaction for US-based traders is 1 USD.

Europe-based traders will also be allowed 6 free trades per day. However, the following trades will be charged at 0.15% of the total trade value. The only exception is clients resident in Germany and France, who are given a 0.1% fee from the total trade value. 

Admirals customers who live in the United Kingdom and enjoy 6 free trades per day will be charged a commission of 0.1% of the total value for transactions involving share CFDs or ETFs. The minimum transaction amount for traders whose account base currency is USD/EUR/GBP/CHF is 1 unit of these currencies. This amount, however, will be different for accounts denominated in NOK, DDK, or SEK. 

Finally, Asia Pacific traders are not given 6 free trades each day. Instead, all stock CFD orders for clients resident in this location are charged at 0.15% of the entire trade value for AUD and JPY-denominated accounts. The minimum amount allowed per transaction for Asia Pacific residents is 8 AUD or 1250 JPY. 

Stock Trading Leverage at Admirals

Margin trading is available on this broker’s 3,440+ stock CFDs. The specific leverage available to each trader depends on the transaction volume. Trades below 10,000 USD can have leverage from 1:20, those between 10,000 USD and 100,000 USD can access leverage from 1:10, and much larger trades will be given leverage from 1:2. 

Regulations

This broker is authorised by regulatory bodies in several countries, including the United Kingdom, Cyprus, South Africa, Australia, and Jordan. This section of our Admiral Markers review outlines their subsidiaries, addresses, and licensing information. 

Admirals Cyprus Ltd: This entity is located at Dramas 2, 1st floor, 1077 Nicosia, Cyprus. The Cyprus Securities and Exchange Commission (CySEC) regulates and guarantees investor protection with this company.

• Registration Number: 310328
• CySEC Licence Number: 201/13

Admirals UK Ltd: Registered in England and Wales under Company House, this entity is located on the 37th Floor, One Canada Square, Canary Wharf, London E14 5AB, United Kingdom. It is regulated by the Financial Conduct Authority (FCA). 

• Registration Number: 08171762
• FCA Registration Number: 595450

Admirals AU Pty Ltd: Located at 1, 17 Castlereagh Street, NSW 2000, Sydney, Australia, this entity is regulated by the Australian Securities and Investment Commission (ASIC). It is also licensed by the Australian Financial Services (AFS).  

• Registration Number: ABN 63 151 613 839
• AFS Licence Number: 410681

Admirals AS Jordan Ltd: Located on the 1st floor, Time Centre Building, Eritrea Street, Um Uthaina, Amman, Jordan,  this entity is authorised and regulated by the Jordan Securities Commission (JSC).

• Registration Number: 57026

Admirals SA (Pty) Ltd: This entity is located at Dock Road Junction, CNR Dock Road and Stanley Street, V&A Waterfront, Cape Town, Western Cape, 8001, South Africa. It is registered with and licensed by the Companies and Intellectual Properties Commission (CIPC) and regulated by the Financial Sector Conduct Authority (FSCA).

• CIPC Registration Number: 2019 / 620981 / 07

Fees and Commissions

This broker charges both trading and non-trading fees. Next, in this review, we cover all Admirals fees and commissions. 

Trading Fees

This broker’s trading fees include spreads, commissions and swap rates. Each of these fees is outlined below:

Spreads

Admirals’ spreads depend on the specific account type. Traders who open live Trade.MT4 or MT5 accounts will have access to spreads as low as 0.5 pips on major forex pairs such as EUR/USD. However, Zero Account holders can enjoy spreads as low as 0 pips on similar currency pairs. 

Commissions

Although Trade Accounts do not incur commissions, a Zero Account attracts a commission on its available financial assets. Zero accounts charge 1.8 – 3 USD per lot on forex and metals, 0.15 – 3 USD per lot on cash indices, and 1 USD per lot on energies.  

Customers who wish to trade Stocks and ETFs will be charged a commission. The exact amount varies depending on the client’s location. Those in the US are charged 0.02 USD per share, while UK and European traders incur a commission of 0.1% and 0.15%, of their total trade volume, respectively. Asia Pacific customers whose accounts are denominated in AUD or JPY will also be charged 0.15% of their total trade volume. 

Swap Rate

Admirals charges a swap fee for positions held overnight. The exact amount varies depending on the position held and the financial instrument traded.

Non-Trading Fees

Non-trading fees incurred by users of this broker include withdrawal, inactivity, and conversion fees. Each of these fees is explained below:

Withdrawal Fee

The withdrawal fee for users depends on the particular withdrawal method used. For each method, this broker allows one free withdrawal each month. However, any successive withdrawals will incur a fee. Bank transfers, Skrill, and Neteller have a 2% withdrawal fee, Credit cards & Debit cards are charged at 5 EUR / 5 USD, and cryptocurrencies and Perfect Money cost a 1% fee. 

Inactivity Fee

This broker charges an inactivity fee for accounts that have remained dormant for 24 months. This fee is currently fixed at 10 EUR per month.

Conversion Fee

Clients who wish to deposit from an account whose denomination differs from their trading account base currency will be charged a conversion fee of 0.3%. 

Account Types

This broker offers multiple account types for traders depending on their individual preferences. As part of our review, we examine these Admirals accounts and outline their unique features.

Demo Account

Admirals provides a demo account for newbies and experienced traders to develop their trading strategies and gain a better understanding of the financial markets without incurring any risk. With the broker’s demo account, traders can have access to more than $10,000 in virtual money. 

Trade Account

There are two types of trade accounts, Trade.MT4 and Trade.MT5, based on each account type’s compatibility with MT4 or MT5. Both account types are largely similar. They have a minimum deposit amount of 25 USD/ 25 EUR. However, the fee for accounts with other base currencies may vary. They also offer spreads as low as 0.5 pips on some forex pairs. There are no commissions on most assets, except Stocks and ETF CFDs which attract a fee depending on the trader’s country of residence. 

The Trade.MT5 and Trade.MT4 accounts have a few distinctions. A major difference is that the MT5 account type offers a larger CFD offering on some assets, such as currency pairs and Stock CFDs. Also, Trade.MT5 account owners can trade ETF CFDs, unlike their MT4 counterparts. In addition, the MT5 account offers level II pricing and a larger number of maximum pending orders and open positions (500 vs. 200 on the MT4 account).

Invest Account

The Invest Account is designed for traders who wish to speculate on the prices of 3,500+ real stocks and 700+ ETFs. This account type has a minimum deposit amount of 1 USD/ 1 EUR. It also charges a 0.02 USD commission for each share traded. Invest Accounts are unavailable on MT4 and do not include a negative account balance policy, hedging, or stop-outs. 

Zero Account

Zero accounts provide much lower spreads than the Trade Account option. This account type offers currency pairs, metal CFDs, cash index CFDs, and Energy CFDs to traders seeking spreads as low as 0 pips. However, unlike a Trade Account, it charges a commission on these instruments. Forex and metals are charged between 1.8 – 3 USD per lot, cash indices are charged between 0.15 – 3 USD per lot, and energies are charged 1 USD per lot. 

Professional Account

Professional accounts are available to wholesale clients who fall under the jurisdiction of CySEC, ASIC, or the FCA. Admirals customers who open a Trade or Zero account can change their status to professional provided they pass a review after meeting the broker’s criteria. Professional accounts enjoy much higher leverage up to 1:500, cash rebates, and other bonuses that are not available to retail account owners. 

Islamic Account

The Islamic Account option is available to those who open Trade MT5 accounts. It is similar to the Trade Account type except that it is swap- and interest-free. Islamic traders who use this account will not have to pay or earn interest on CFD instruments on the broker’s platform. 

Trading Platforms

Admirals offers its users several options for trading. Traders who use this broker on a desktop will only be able to use MetaTrader 4 and 5. However, mobile users can enjoy a mobile application. In this review, we explore the trading platforms available with this broker. We also create a step-by-step guide on how to open an account with this broker on the desktop. 

Desktop Trading Platforms

There is no exclusive trading app for Admirals’ clients on desktop. Users will have to download the MetaTrader 4 or 5 app for PC or use the WebTrader version to place their orders on any financial instruments. However, this broker provides a Trader’s Room Dashboard where traders can manage their accounts. Some of the features of this dashboard are explained below:

Two-Factor Authentication

Traders can enable two-factor authentication (2FA) for their Trader’s Room profile by selecting “Secure your account” on the dashboard page. Enabling this feature provides an added layer of security for clients’ funds.

Copy Trading

Admirals has a copy trading feature that can be accessed from the Trader’s Room. This feature enables clients to copy the trades of more experienced traders. 

MetaTrader and Apps

Traders who need to navigate to their MetaTrader platform can do so via this tab in the Trader’s Room. From this section, users can download the MetaTrader app for PC or get redirected to the WebTrader option. 

How to Open an Account on Admirals Desktop Trading Platform

1. On the Admirals website, select Register at the top right corner.
2. Fill in your country of residence, email, phone number, and password.
3. Check your email and follow the link for verification.
4. Once your email is verified, you will have access to the Trader’s Room Dashboard.
5. After selecting Start Application, click on Complete Your Application.
6. Provide your account details, including your personal information and residential address.
7. Verify your identity by providing a valid means of identification.
8. Verify your address.
9. Now, you can deposit funds by selecting Transactions and then Deposit in the trading dashboard.
10. Select your preferred trading app from the list of options in the MetaTrader and Apps tab and begin trading.

Mobile Apps

The Admiral Mobile App is available to iOS and Android users. It enables traders who use this broker to conveniently monitor their trades and stay informed about current market events. Some of its features are outlined below.

User Interface

Admirals’ mobile app is easy to use and presents an intuitive user interface with tabs for trades, portfolio management, and search. Clients can also create a customised watchlist with all their preferred financial assets to enable them to monitor these instruments and place orders with ease. 

Design

The design of the Admirals app is relatively simple compared to most proprietary trading apps, with few buttons, indicators, tools, and navigation options. Individuals who desire access to more complex features will have to use the MetaTrader option.

Search

The search feature makes it easy for users to navigate to their preferred financial asset on the mobile application. Clients can search for instruments and add them to their watchlist on the search page.

News

The news tab lets traders stay in touch with the latest happenings in the financial markets. With this feature, customers of this broker can be informed about activities that could impact price action and make better trading decisions.

How to Open an Account on Admirals Mobile Trading App

1. Download the Admirals app from your mobile device’s app store.
2. Once the app is downloaded, select Sign Up.
3.  Enter your email address.
4. Enter your full name.
5. Select your country of residence.
6. Enter your phone number.
7. Set your password.
8. Verify your account via your email.
9. Set a four-digit PIN.
10. Choose between Trading and Investing.
11. Complete your application by entering your personal details, uploading a valid ID, and proof of address.

Payment Methods

There are several methods for deposits and withdrawals at Admirals. Below, this review will list each of these methods and provide you with all the information you need regarding payments with this broker. 

Deposit

Depending on their country of residence, users will be allowed to deposit via bank transfer, credit cards, debit cards, Skrill, Neteller, Perfect Money, and cryptocurrencies. The minimum deposit amount with this broker varies depending on the specific account type and the initial deposit amount. For users of Trade and Zero accounts, the minimum deposit is set at 25 EUR or 25 USD. However, those who register Invest accounts can start trading with just 1 EUR or 1 USD. Although there are no deposit fees with Admirals, traders who opt for a bank transfer may incur third-party charges. The table below shows the available deposit methods at Admirals and their fees. 

Withdrawals

Admirals offers similar deposit and withdrawal methods. Those who wish to retrieve their funds can do so by using bank transfers, credit/debit cards, or e-wallets. The broker allows one free withdrawal request every month, after which every subsequent withdrawal will attract a fixed fee, depending on the specific method used. Withdrawal requests sent in before 17:00 on business days are usually credited to the client within 24 hours. However, those sent in later or during the weekends may take slightly longer to arrive. You can find out more about the fees for all available withdrawal methods provided by this broker when you review the deposits and withdrawal tab on the broker’s website. 

Account Base Currency

Traders who use this broker can open an account with any of the following currencies: AUD, USD, EUR, GBP, BRL, MXN, CLP, SGD, THB, and VND.  

Research and Education

Admirals has a large repository of educational resources for beginner, intermediate, and advanced traders. They offer investing and trading webinars to enable clients to better understand the financial markets. These webinars cover topics such as Price Action, Market Analysis, and How to Identify Trends. They also provide articles and tutorials with trading hacks, psychology tips, fundamental analysis techniques, and much more. 

This broker offers its customers a 20-day course, Zero-to-Hero, with video lessons from professional coaches. This course is designed to help beginners get started in the financial markets. They also have a 9-lesson course, Forex 101, for traders who wish to understand the basics of currency trading.

Finally, they provide a Trader’s Glossary where its customers can look up essential trading terms and learn their definitions. 

Customer Services

Users can reach Admirals’ customer support through phone or email. The broker also provides a help centre on its website where clients can see articles with solutions to frequently occurring user challenges on their platforms. The specific email and phone number to forward client complaints vary depending on the trader’s country of residence. However, all traders can receive useful feedback by contacting their global lines via +44-20-817-7344 and global@admiralmarkets.com. Furthermore, traders can contact customer service through their social media pages on Facebook, Twitter, and LinkedIn. 

Online Reviews

Our review provides a brief overview of user comments about the broker on Reddit, Quora, TrustPilot, and ForexPeaceArmy. We examine their ratings and positive and negative feedback from users of these social media platforms. 

What Reddit Users Say About Admirals

Reddit users’ opinions of this broker largely differ. Many users claim that they are reliable and a great option for traders, citing their low spreads and multiple regulations. 

However, there were complaints about the withdrawal process, poor customer support, and the lack of real shares on the broker’s platform. 

What Quora Users Say About Admirals

Although there are limited comments about Admirals on Quora, users agree that this broker is reliable, affordable, and a great option for traders who prefer to use MetaTrader as their trading platform as they offer the MT5 super edition. One user also praised them for their wide range of financial assets. 

TrustPilot Users’ Review About Admirals

1,463 TrustPilot users have provided a review of this broker’s services, giving it an average rating of 4.6. Overall, the comments regarding this broker on TrustPilot are largely favourable.

Many users’ comments reference their reasonable spreads, availability of multiple trading platforms, especially MT4 and MT5, and fast execution as its standout features. Despite this, there were a few protests about the unanswered customer complaints.  

ForexPeaceArmy Users’ Review About Admirals

On ForexPeaceArmy, Admirals has a rating of 3.375 from 147 user reviews. Several users praise this broker for offering above-average commissions, a large number of CFD stocks, and excellent order execution. 

Unfortunately, about two users with a Jordan-licensed account complained about sudden account closures. Also, there were grievances towards their customer support, claiming that they did not effectively proffer solutions to user problems. 

Other Products and Services

This broker offers several other products and services for different classes of individuals. In this part of the review, we will explain them in detail. 

Admirals Wallet

Admirals Wallet is a highly secure e-wallet that allows clients to pool all their money in one place. Users can send funds easily across their live accounts, mobile app, and Admirals Card. Deposits to your trading account with this wallet are instant and do not attract any additional fees. Also, this product enables users to hold up to 20 currencies at any time and invest in gold even without a live account. 

Affiliate Program

The Admirals Affiliate Program allows individuals to convert their online traffic into money. Registered affiliates with this program are paid reasonable commissions for every successful referral. The Affiliate Program provides marketing materials, a robust support structure, and a world-class affiliates portal to make it easy for affiliates to earn more and monitor their progress.

Introducing Business Partners

The Introducing Business Partners Program is similar to the Affiliates Program. However, it is designed for corporate introducers and entrepreneurs willing to refer new clients to this broker. Registered partners earn a percentage when their referred client makes an initial deposit on the Admirals platform. It also provides the possibility of increased earnings through a multi-level commission system. 

White Label Partnership

The White Label Partnership enables potential trading businesses to hit the ground running in as little as two weeks. These businesses will have access to Admirals’ infrastructure, the MT5 trading platform, and customizable terms and business models. They will also be provided with risk management tools and over 500 financial instruments, including Forex, Indices, Commodities, Stock CFDs, and ETFs. 

Is Admirals Safe?

Admirals’ safety standards have established them as trustworthy brokers. They are regulated by financial bodies in multiple countries, including Cyprus, Jordan, the UK, Australia, and South Africa. Also, they ensure that their client’s funds are kept in a segregated bank account. In the event of insolvency, users in Cyprus and Jordan are guaranteed insurance coverage of up to 100,000 €.

This broker provides volatility protection, meaning that users can limit maximum price slippage and losses on the market and stop orders. They also offer negative account balance protection for professional clients. In addition to this, they enable two-factor authentication on their platforms to ensure increased security. 

Bottom Line

Our Admirals review showed that there are many positives to choosing this broker. One of which is the availability of real stocks. Traders will have access to a wide range of financial assets. They will also enjoy many educational resources and features such as copy trading. However, one of its biggest drawbacks is that there are no proprietary trading apps for desktop users. 

On Admirals, clients can decide between trading with its mobile app or the very popular MetaTrader 4 and 5 platforms. Those who prefer MetaTrader will also have access to the MetaTrader Supreme Edition. 

The broker is regulated across multiple countries, including Seychelles, Cyprus, Jordan, South Africa, Australia, and the United Kingdom. It also offers Trade, Zero, Invest, and Islamic accounts, each with its unique benefits and features. Spreads are relatively low and vary depending on the account type. Zero accounts can have spreads as low as 0 pips on some currency pairs, while Trade accounts may have spreads as low as 0.5 pips for similar pairs. 

Fees on Admirals also depend on the account type. For example, while Trade accounts do not incur any commissions, Zero account holders are expected to pay a commission depending on the trading volume. The broker also charges a withdrawal fee which varies based on the particular method used. 

Customer support with this broker is limited to phone, email, and social media. Traders can tender their complaints to their global phone and email lines at +44-20-817-7344 and global@admiralmarkets.com respectively, or reach out to their country-specific customer service lines.

Finally, there are multiple payment methods on this broker. Users can fund their accounts and make withdrawals via bank transfer, credit/debit cards, cryptocurrency, or e-wallets such as Neteller and Skrill.