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FP MarketsAdmiral Markets Review
Written by Steven Hatzakis
Edited by John Bringans
Fact-checked by Blain Reinkensmeyer
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Traders choose Admiral Markets (Admirals) for its excellent investor education and advanced MetaTrader features — such as the Supreme add-ons — alongside an extensive range of shares, forex and CFD markets, and premium research content.
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Minimum Deposit:
$100 -
Trust Score:
93 -
Tradeable Symbols (Total):
6942
Admiral Markets pros & cons
Pros
- Admiral Markets stands out among the crowded field of MetaTrader-only brokers who offer few — if any — supplemental platform features.
- Offers StereoTrader dashboard for MetaTrader and Supreme suite of custom indicators.
- Premium Analytics features Dow Jones News, sentiment analysis from Acuity Trading, and Trading Central signals.
- Outstanding educational content — Admiral Markets is a top contender in this category in 2023.
- Regulated in Australia (ASIC), Cyprus (CySEC), the U.K. (FCA), Canada (New SRO), South Africa (FSCA), and Jordan (JSC).
- 340 Admiral Markets staff serve over 48,000 clients, with more than $82 million in clients assets.
- Offers 6,942 tradeable symbols across CFDs, forex pairs, and exchange-traded securities via the Admiral Invest account.
- Admiral significantly expanded its range of tradeable symbols on MetaTrader 5 to nearly 3,800 across multiple asset classes.
- Launched fractional shares and expanded the number of crypto assets available to 47.
- Provides a unique set of volatility protection tools for managing risk.
- Competitive pricing for EUR/USD; the all-in cost for its commission-based account is 0.7 pips (after $6 fee).
- Holds indemnity insurance for up to 100,000 euro per customer in Cyprus, to help cover losses related to an insolvency event.
Cons
- Admiral Markets AS is the sole liquidity provider (market-maker) for all its group companies.
- Spreads on the commission-free Trade account are in-line with the industry average of 0.8 pips for EUR/USD (based on July 2021 data).
- Maximum contract size limited to 100 lots on the MT5 Trade account — compared to 200 on Zero MT5 account.
- The social trading feature is new to Admiral Markets, but doesn't yet stack up against competitors like eToro and ZuluTrade.
- Admiral Markets App continues to evolve year-over-year yet still trails behind the best brokers in the mobile app category.
Overall Summary
| Feature |
Admiral Markets
|
| Overall Rating |
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| Trust Score | 93 |
| Offering of Investments |
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| Commissions & Fees |
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| Platform & Tools |
|
| Research |
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| Mobile Trading |
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| Education |
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ForexBrokers.com has been reviewing online forex brokers for over six years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. Here's how we test.
Is Admiral Markets safe?
Admiral Markets is considered Highly Trusted, with an overall Trust Score of 93 out of 99. Admiral Markets is not publicly traded, does not operate a bank, and is authorised by four Tier-1 regulators (Highly Trusted), two Tier-2 regulators (Trusted), zero Tier-3 regulators (Average Risk), and one Tier-4 regulator (High Risk). Admiral Markets is authorised by the following Tier-1 regulators: Australian Securities & Investment Commission (ASIC) and the Financial Conduct Authority (FCA). Learn more about Trust Score.
| Feature |
Admiral Markets
|
| Year Founded | 2001 |
| Publicly Traded (Listed) | No |
| Bank | No |
| Tier-1 Licenses | 4 |
| Tier-2 Licenses | 2 |
| Tier-3 Licenses | 0 |
| Tier-4 Licenses | 1 |
Admiral Markets platforms and tools
2023 Review Methodology
At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research and detailed forex guides, and we monitor dozens of international regulator agencies (read more about how we calculate Trust Score here).
Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables.
We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points.
Some of the other important research categories that are factored into our testing include mobile trading accessibility and capability, availability of market research and educational content, and each broker’s overall Trust Score.
All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Generative AI tools are not a part of our content creation or product testing processes. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. Read our Generative AI policy to learn more.
Read our full explanation and accounting of our research and testing process to learn more about how we test.
ForexBrokers.com 2023 Annual Awards
For the ForexBrokers.com 2023 Annual Awards, brokers were evaluated against ForexBrokers.com’s 8 Primary Categories: Commissions & Fees, Offering of Investments, Platforms & Tools, Mobile Trading Apps, Research, Education, Trust Score, and Overall.
ForexBrokers.com also recognized brokers that demonstrated excellence and innovation with our exclusive Industry Awards. To see the complete list of Industry Award winners (and to learn more about our Annual Awards from our Director of Online Broker Research, Steven Hatzakis), check out our ForexBrokers.com Annual Awards page.
Primary categories
 Admiral Markets
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Overall Rating | Offering of Investments | Commissions & Fees | Platforms & Tools | Research | Education | Mobile Trading Apps | Trust Score |
| Rating |
|
|
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87 |
| Rank #1 | ||||||||
| Streak #1 | ||||||||
| Best in Class | ||||||||
| Best in Class Streak |
Forex Risk Disclaimer
There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Read more on forex trading risks.
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Show allAbout the Editorial Team
Steven Hatzakis is the Global Director of Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).
John Bringans is the Senior Editor of ForexBrokers.com. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content.
Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets.