Admiral Markets Review
Forex and CFD traders choose Admiral Markets for its excellent investor education and advanced MetaTrader features, including the Supreme add-on and market research via Premium Analytics.
- Founded in 2001, Admiral Markets is regulated in two tier-1 jurisdictions and two tier-2 jurisdictions, making it a safe broker (average-risk) for forex and CFDs trading.
- Thanks to additional trading tools and robust research, Admiral Markets stands out when compared to other MetaTrader-only brokers who offer little to no features beyond the default layout. For example, with Premium Analytics, customers can access Dow Jones News, Acuity Trading, and Trading Central.
- As an additional benefit to less-experienced traders, Admiral Markets finished among the best forex brokers for beginners in 2020, thanks to an industry-leading offering of educational content on its website.
Overall Summary
| Feature | Admiral Markets |
|---|---|
| Overall | |
| Trust Score | 83 |
| Offering of Investments | |
| Commissions & Fees | |
| Platform & Tools | |
| Research | |
| Mobile Trading | |
| Customer Service | |
| Education |
Is Admiral Markets Safe?
Admiral Markets is considered average-risk, with an overall Trust Score of 83 out of 99. Admiral Markets is not publicly traded and does not operate a bank. Admiral Markets is authorised by two tier-1 regulators (high trust), two tier-2 regulators (average trust), and zero tier-3 regulators (low trust). Admiral Markets is authorised by the following tier-1 regulators: Financial Conduct Authority (FCA), and Australian Securities & Investment Commission (ASIC). Learn more about Trust Score.
Regulations Comparison
| Feature | Admiral Markets |
|---|---|
| Year Founded | 2001 |
| Publicly Traded (Listed) | No |
| Bank | No |
| Tier-1 Licenses | 2 |
| Tier-2 Licenses | 2 |
| Tier-3 Licenses | 0 |
| Trust Score | 83 |
Offering of Investments
The following table summarizes the different investment products available to Admiral Markets clients.
| Feature | Admiral Markets |
|---|---|
| Forex: Spot Trading | Yes |
| Currency Pairs (Total Forex pairs) | 47 |
| CFDs - Total Offered | 3844 |
| Social Trading / Copy-Trading | Yes |
| Cryptocurrency traded as actual | No |
| Cryptocurrency traded as CFD | Yes |
Commissions & Fees
Admiral Markets offers four account types with a range of fees and products to trade. When calculating the all-in cost to trade, including spreads plus any commission, pricing is similar across all account types, with ranges from 0.6 pips to 0.7 pips (referencing September 2019 data).
Account differences: The Admiral Markets MT5 account (or MT5 Invest for exchange-traded stocks) provides the broadest number of symbols to trade, whereas those focused on just on forex may gravitate to the Admiral Prime MT4 account. The lowest all-in cost (spreads plus any commission) are found in the Admiral Prime account, which unfortunately has a drastically smaller range of tradeable symbols.
No dealing desk: Admiral Markets states that it provides agency execution across all account types and does not operate a dealing desk or take risk internally. Admiral Markets acts as an agency broker by routing client orders to its parent company, Admiral Markets AS, which is its sole liquidity provider for all its group companies (this is similar to how Saxo Capital Markets UK routes client trade requests solely to Saxo Bank in Denmark).
| Feature | Admiral Markets |
|---|---|
| Minimum Initial Deposit | 200 |
| Average Spread EUR/USD - Standard | 0.6 (Aug 19) |
| All-in Cost EUR/USD - Active | 0.7 (Aug 19) |
| Active Trader or VIP Discounts | No |
Platforms & Tools
Admiral Markets is a MetaTrader broker. When comparing MetaTrader offerings, Admiral Markets stands out thanks to its MetaTrader Supreme offering (available for MT4 and MT5), which consists of a suite of 12 expert advisors and 20 custom indicators.
Some of the useful add-ons provided through the Supreme offering include showing news events plotted as small color-coded alarm bells on the chart. There are also other subtle tools, such as a candle countdown timer and a spread widget. Lastly, Trading Central is also available.
Advanced tools: Admiral Markets also offers a unique set of volatility protection tools. These tools can help you control inherent risks associated with agency execution, including slippage and market gap scenarios. No question, these tools are excellent enhancements for skilled traders, and why Admiral Markets won the award for Best MetaTrader Broker in 2020.
Gallery
| Feature | Admiral Markets |
|---|---|
| Virtual Trading (Demo) | Yes |
| Proprietary Platform | No |
| Desktop Platform (Windows) | Yes |
| Web Platform | Yes |
| Social Trading / Copy-Trading | Yes |
| MetaTrader 4 (MT4) | Yes |
| MetaTrader 5 (MT5) | Yes |
| cTrader | No |
| Charting - Indicators / Studies (Total) | 51 |
| Charting - Drawing Tools (Total) | 31 |
| Charting - Trade From Chart | Yes |
| Watchlists - Total Fields | 7 |
| Order Type - Trailing Stop | Yes |
Research
Unlike most MetaTrader brokers, Admiral Markets provides a good range of research tools and resources across its website and trading platforms. Thanks to neatly-organized content on its website, traders can quickly and easily find what they want in one place.
Education: Admiral Markets was our number one broker for Education finishing Best in Class in 2020, thanks to its comprehensive educational content and courses. The broker also finished Best in Class in the Beginners category.
Premium Analytics: Through Admiral Markets Premium Analytics (free for customers), traders gain access to a Dow Jones News calendar, Trading Central signals, and sentiment widgets from Acuity Trading. Other tools include heat maps, fundamental and technical analysis content, and Elliot Wave Analysis.
Gallery
| Feature | Admiral Markets |
|---|---|
| Daily Market Commentary | Yes |
| Forex News (Top-Tier Sources) | Yes |
| Weekly Webinars | Yes |
| AutoChartist | No |
| Trading Central (Recognia) | Yes |
| Delkos Research | No |
| Social Sentiment - Currency Pairs | No |
| Economic Calendar | Yes |
Mobile Trading
Depending on the account type you open at Admiral Markets, either the MT4 or MT5 app comes standard, available for both Android and iOS. Unfortunately, the unique add ons provided with the desktop platform do not translate to mobile. As a result, scoring for this category matches that of other MetaTrader-only brokers.
Gallery
| Feature | Admiral Markets |
|---|---|
| Android App | Yes |
| Apple iOS App | Yes |
| Trading - Forex | Yes |
| Trading - CFDs | Yes |
| Alerts - Basic Fields | Yes |
| Watch List | Yes |
| Watch List Syncing | No |
| Charting - Indicators / Studies | 30 |
| Charting - Draw Trend Lines | Yes |
| Charting - Trend Lines Moveable | Yes |
| Charting - Multiple Time Frames | Yes |
| Charting - Drawings Autosave | No |
| Forex Calendar | No |
Customer Service
To score Customer Service, ForexBrokers.com partnered with customer experience research group Customerwise to conduct phone tests from locations throughout the UK. For our 2020 Review, 330 customer service tests were conducted over six weeks.
Results
- Average Connection Time: <1 minute
- Average Net Promoter Score: 7.1 / 10
- Average Professionalism Score: 8.2 / 10
- Overall Score: 7.91 / 10
- Ranking: 12th (22 brokers)
Final Thoughts
Admiral Markets can be the right choice for MetaTrader enthusiasts looking for the entire MetaTrader platform suite, and numerous add-ons and trading tools. In addition to finishing first place for Education, Admiral Markets was our number one Best in Class MetaTrader broker in 2020, out of all MetaTrader brokers. Admiral Markets offers a competitive range of tradeable products and numerous additional tools for trading and research not often found in MetaTrader-only brokers.
About Admiral Markets
Admiral Markets Group was founded in 2001 and has since expanded into a global brand with several international entities and regulatory licenses in Australia, the UK, Cyprus, Estonia, and across continental Europe. The group has a headcount of 228 staff, 22,321 active clients, and over EUR 36m in Total Tier 1 Capital (as per its 2018 Annual Report). Since November 2018, bonds of Admiral Markets have begun trading on the Baltic Bond List, regulated by Nasdaq Tallinn AS, after the broker raised over 1.8m EUR in subordinated debt set to mature in 2027.
Admiral Markets is primarily a MetaTrader forex broker offering the suite of platforms from MetaQuotes Software Corporation and provides premium features such as its MT4 Supreme add-on, together with volatility protection tools. The broker focuses on 3844 instruments, including 55 forex pairs and CFDs on 3360 Single Stocks, 384 ETFs, 26 commodities, 40 indices, 32 cryptocurrencies, and two bonds."Read more on Wikipedia about Admiral Markets.
Admiral Markets Trading Features
| Feature | Admiral Markets |
|---|---|
| Virtual Trading (Demo) | Yes |
| Proprietary Platform | No |
| Desktop Platform (Windows) | Yes |
| Web Platform | Yes |
| Social Trading / Copy-Trading | Yes |
| MetaTrader 4 (MT4) | Yes |
| MetaTrader 5 (MT5) | Yes |
| cTrader | No |
| Charting - Indicators / Studies (Total) | 51 |
| Charting - Drawing Tools (Total) | 31 |
| Charting - Trade From Chart | Yes |
| Watchlists - Total Fields | 7 |
| Order Type - Trailing Stop | Yes |
Admiral Markets Research Features
| Feature | Admiral Markets |
|---|---|
| Daily Market Commentary | Yes |
| Forex News (Top-Tier Sources) | Yes |
| Weekly Webinars | Yes |
| AutoChartist | No |
| Trading Central (Recognia) | Yes |
| Delkos Research | No |
| Social Sentiment - Currency Pairs | No |
| Economic Calendar | Yes |
Admiral Markets Mobile App Features
| Feature | Admiral Markets |
|---|---|
| Android App | Yes |
| Apple iOS App | Yes |
| Trading - Forex | Yes |
| Trading - CFDs | Yes |
| Alerts - Basic Fields | Yes |
| Watch List | Yes |
| Watch List Syncing | No |
| Charting - Indicators / Studies | 30 |
| Charting - Draw Trend Lines | Yes |
| Charting - Trend Lines Moveable | Yes |
| Charting - Multiple Time Frames | Yes |
| Charting - Drawings Autosave | No |
| Forex Calendar | No |
2020 Review Methodology
For our 2020 Forex Broker Review we assessed, rated, and ranked 30 international forex brokers over a five month time period. Each broker was graded on 105 different variables and, in total, over 50,000 words of research were produced.
While encouraged, broker participation was optional. Each broker had the opportunity to complete an in-depth data profile and provide executive time (live in person or over the web) for an annual update meeting.
All data submitted by brokers is hand-checked for accuracy. Ultimately, our rigorous data validation process yields an error rate of less than 1% each year, providing site visitors quality data they can trust. Learn more about how we test.
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." Learn more.
About the author: Steven Hatzakis 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. Steven is an active fintech and crypto industry researcher and advises blockchain companies at the board level. Over the past 20 years, Steven has held numerous positions within the international forex markets, from writing to consulting to serving as a registered commodity futures representative.
