Admirals is a global forex and CFD broker, which is regulated by several authorities, including the top-tier FCA and ASIC. Admirals charges low forex CFD fees. Deposit and withdrawal are fast and mostly free, and multiple options are available including credit/debit cards and electronic wallets. Account opening is also fast and user-friendly. On the flip side, the broker has a limited product portfolio as it mostly offers CFDs; although real stocks and ETFs are also available for some clients. Customer support is not available 24/7, and there is also an inactivity fee. BrokerChooser gave Admirals (Admiral Markets) a 4.7/5 rating based on analyzing 500+ criteria and testing via opening a live account.
• UK, Cyprus, Australia, Seychelles.
• Low.
• No.
• $0.
• $20.
• 1 day.
• Avaliable.
• Avaliable.
• 5.
• Yes.
| Stock, ETF, CFD (equity, index, crypto- the latter not available to UK clients -, commodity, forex) |
Admirals has low trading fees, especially when it comes to forex. On the negative side, it charges an inactivity fee
The account opening and verification process is fast and fully digital. The minimum deposit is $100, which is definitely not excessive.
Admirals charges no deposit or withdrawal fees. You can use cards, bank transfer or e-wallets for deposit and withdrawal, but some e-wallet options aren’t available for all clients.
Admirals uses the MetaTrader web trading platform. It is highly customizable and has a clear fee report, but its design is outdated and it lacks a two-step login and price alerts.
The mobile trading app is well designed and user-friendly, with a good search function and safe login. However, price alerts and some account types are not supported.
In design and functionality, the MetaTrader 4 desktop platform offered by Admirals is almost the same as the web platform. One major difference is that you can set price alerts.
For most users, Admirals mainly provides forex, CFD and cryptos. For those using the Invest.MT5 account type, it offers real stocks and ETFs as well.
You can use the research tools of the MT platform, which are not the greatest. As a plus, though, Admirals offers great alternative web tools like a forex calendar and market news.
Admirals customer service is available via several channels and is generally good quality. It provides helpful answers, although response times could be improved.
Admirals provides quality educational texts, webinars and videos, while a demo account is also available.
Admirals is regulated by several financial authorities, including the FCA, the ASIC and CySEC. It also provides negative balance protection. However, it doesn’t hold a banking license.
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