Admiral Markets Review 2024 for UK Traders
Dom Farnell
Co-Founder
Dom is a Co-Founder of TIC, a passionate investor and seasoned blog writer with a keen interest in financial markets and wealth management. "My goal is to empower individuals to make informed investment decisions through informative and engaging content."
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Is Admiral Markets a reliable broker?
Yes, based on our analysis Admiral Markets, any trader level, due to its attractive spreads, advanced MetaTrader tools, and compliance with UK regulations. It receives a 4.5-star rating on our website for its comprehensive offerings.
Is Admiral Markets Good Choice for Newbies?
Admiral Markets UK has been a key player in the Forex and CFD brokerage industry since 2012. With over 20 years of experience, Admiral Markets is known for its commitment to excellence in the UK’s trading services sector. This 2024 review will help you determine if Admiral Markets is the right fit for your trading needs.
To ensure its accuracy, this article was reviewed by Thomas Drury. Thomas is our seasoned finance and trading expert with Chartered status.
What Does This Page Cover?
61% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Overall Admiral Markets Performance Rating
|
| |
Review Criteria | Review Rating |
Account Types | 4.3/5 |
Range of Available Investments | 4.7/5 |
Fees and Commission Structure | 4.6/5 |
Trading Platforms and Tools | 4.8/5 |
Market Research and Analysis | 4.5/5 |
User Experience | 4.4/5 |
Educational | 4.6/5 |
Safety and Security | 4.6/5 |
Overall Review Score | 4.5/5 |
Admiral Markets scores a solid 4.5 out of 5, reflecting its well-rounded services and reliability. The broker offers a diverse range of account types, earning a 4.3, and provides an impressive selection of investments like Forex, CFDs, stocks, and ETFs, achieving a 4.7 in this category.
Its fee and commission structure is competitive, rated at 4.6, making it appealing for cost-conscious traders. The platforms and tools, particularly MetaTrader 4 and 5 with advanced features, receive a high 4.8, demonstrating strong technical support for various trading needs.
The broker’s research and analysis tools, including Trading Central and Premium Analytics, are effective, scoring 4.5. User experience is smooth and intuitive, with a 4.4, while its educational resources, such as webinars and tutorials, earn a 4.6, supporting traders at all levels.
Safety and security measures are robust, backed by UK regulations, earning a 4.6, ensuring clients’ funds and data are well-protected.
| Feature | Details |
|---|---|
| Founded: | 2012 |
| Headquarters: | London, UK |
| Minimum Deposit: | $250 |
| Demo Account: | Yes, expires after 30 days |
| Leverage: | Up to 1:30 (Retail) |
| Account Types: | Trade.MT4, Trade.MT5, Zero.MT4, Zero.MT5, Invest.MT5 |
What are the Pro's and Con's of Admiral Markets?
- User-friendly mobile platform
- Extensive educational resources
- Low minimum deposit of $250
- Over 4,500 stocks & 200 ETFs available
- Wide range of CFDs
- Account Types: Trade.MT4, Trade.MT5, Zero.MT4, Zero.MT5, Invest.MT5
- Attractive spreads
- CFDs are risky for traders
- Advanced tools can be overwhelming
- Floating spreads that might be an issue in the high volatility period
Why Choose Admiral Markets?
Admiral Markets offers a blend of attractive spreads, advanced tools, and strict UK regulatory compliance. The broker segregates traders’ accounts from company funds and adheres to anti-money laundering regulations. With access to over 8,000 trading instruments and the MetaTrader platforms, Admiral Markets caters to both newcomers and experienced traders.
Features and Benefits
Admiral Markets provides attractive forex spreads and seamless integration with MetaTrader 4 and 5. The broker offers its in-house Admiral Markets Platform and empowers traders with educational materials and analytical tools like Trading Central and Dow Jones News.
Admiral Markets Product Selection
Admiral Markets offers over 8,000 trading instruments, including forex, CFDs, real stocks, ETFs, and commodities. This wide selection allows traders to diversify their portfolios.
- CFDs: Access CFDs on 44 stock market averages, over 3,460 individual stocks, and 28 commodities, including agriculture, energies, and metals.
- Real Stocks and ETFs: Through the Invest.MT5 account, invest in over 4,800 real stocks and more than 200 ETFs, offering long-term investment opportunities.
Available Trading Instruments
| Available Trading Instruments | Details |
|---|---|
| Forex | Access to 82 currency pairs with leverage up to 1:30 for Retail Clients. |
| CFDs | Trade CFDs on 44 stock market averages, over 3,460 individual stocks, and 28 commodities. |
| Stocks and ETFs | Invest in over 4,800 stocks and 200+ ETFs via the Invest.MT5 account. |
Trading Platforms Offered by Admiral Markets
Admiral Markets offers MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, both equipped with advanced trading tools. The broker also provides its own Admiral Markets Platform and mobile app for iOS and Android.
MetaTrader Supreme Edition
The MetaTrader Supreme Edition is an add-on offering additional technical indicators, risk management tools, and Trading Central analysis.
Admiral Markets Fees
| Fee Type | Details |
|---|---|
| Account Opening | No fee. |
| Inactivity Fee | €10 per month after 24 months of inactivity. |
| Withdrawal Fees | One free withdrawal per month; subsequent withdrawals may incur fees. |
| Forex and CFDs | Spreads from as low as 0 pips on Zero accounts. |
| FX Fees | Low spreads from 0 pips (Zero accounts). |
Admiral Markets offers attractive forex spreads (check out for more details – https://admiralmarkets.com/start-trading/contract-specifications) in the industry using an STP model and market maker one.
Is Admiral Markets Safe and Legit?
Admiral Markets is secure and operates under UK regulation. The broker segregates client funds from company funds, adhering to strict anti-money laundering and ‘know your client’ procedures.
Regulation and Trustworthiness
Admiral Markets operates with transparency and financial security, helping traders feel more confident and secure about the safety of their funds and data.
How to Open an Account with Admiral Markets
Opening an account with Admiral Markets is straightforward and fully digital. After completing the registration form, submitting a questionnaire, and identity verification documents, the client application will be processed.
Step Details
- Register: Fill out the online registration form with personal details
- Submit documents: Upload ID and proof of address
- Approval: Wait for verification
- Deposit funds: Start trading after depositing the minimum amount
Minimum Deposit Requirements
A minimum deposit of $250 is required to start trading.
Account Types and Features
Admiral Markets offers various account types, including Trade.MT4, Trade.MT5, Zero.MT4, Zero.MT5, and Invest.MT5, each providing access to MetaTrader platforms.
Deposit and Withdrawal Options
Admiral Markets supports various secure deposit and withdrawal methods, ensuring flexibility for UK traders. Deposits are processed in time according to the information on the page of deposits and withdrawals – https://admiralmarkets.com/start-trading/deposits-and-withdrawals. Most withdrawals are completed within 1-3 business days.
| Payment Method | Deposit Fee | Withdrawal Fee | Processing Time |
|---|---|---|---|
| Bank Transfer | Free | €1 after the first | 1-3 business days |
| PayPal | Free | Free for first | Instant |
| Skrill/Neteller | Free | €1 after the first | Instant |
Base Account Currencies
Admiral Markets allow funding in GBP, USD, and EUR. No deposit fees are applied. Check it on the page
Mobile and Desktop Trading Platforms
Admiral Markets provide both mobile and desktop platforms. The mobile app is designed for trading on the go, while the desktop version offers advanced charting tools and customization options.
Admiral Markets Mobile App
The Admiral Markets mobile trading app offers a summary/watchlist page, the ability to trade, and access to trading positions and orders pages. The app also provides live chat, email, and phone support directly within the app.
Desktop Platform
The desktop platform offers enhanced functionality, including advanced charting tools and algorithmic trading capabilities.
Customer Support and Educational Tools
Admiral Markets provide multilingual support via live chat, email, and phone during market hours. Educational resources include webinars, articles, tutorials, and the “Zero to Hero” trading course.
Research Tools
Admiral Markets offers a range of research analysis tools and Premium Analytics, providing access to macroeconomic and geopolitical news, sentiment indicators, and technical analysis.
Conclusion and Takeaways
Admiral Markets is a UK-based broker that provides a secure trading environment, offering a diverse range of tradable products, comprehensive educational resources, and advanced research tools. The broker features attractive spreads a low minimum deposit requirement, and compliance with UK regulations. Clients can trade and invest simultaneously, earning dividends on select stocks. As a result, Admiral Markets is a dependable option for UK traders seeking to hedge, diversify, and actively manage their portfolios.
61% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
FAQ
Is Admiral Markets an ECN Broker?
No, Admiral Markets is a Market Making and STP broker.
Is Admiral Markets a Market Maker?
Yes, Admiral Markets is a market-making broker, carrying out back-to-back transactions with liquidity providers.
Do Admiral Markets Offer Spread Betting?
No, Admiral Markets do not offer spread betting. Instead, it offers OTC and exchange-traded products in forex, CFDs, commodities, shares, indices, ETFs, and bonds.
Does Admiral Markets have an ISA account?
No, Admiral Markets does not offer an Individual Savings Account (ISA) for trading. They primarily focus on Forex, CFDs, stocks, ETFs, and commodities through their trading platforms like MetaTrader 4 and 5. For tax-efficient investing options like ISAs, you may need to consider other brokers.
Review Methodology
This review is based on first-hand experience trading with Admiral markets over several years. I’ve explored various features, including the platforms, fees, and customer service. The information has been cross-referenced with public sources and user feedback to ensure accuracy and reliability.
Why We Are Trustworthy
Our reviews are independent and unbiased, based on genuine trading experiences. We aim to provide accurate, transparent, and useful information to help traders make informed decisions. We are not directly affiliated with IG, ensuring our assessment remains objective.
References
Financial Conduct Authority (FCA): Since Admiral Markets operates under UK regulation, referencing the FCA is crucial for regulatory information.
Admiral Markets Official Site: The primary source for the most accurate and up-to-date information about Admiral Markets’ trading platforms, account types, fees, and terms.
Admiral Markets – Trading Terms and Fees
Admiral Markets – Financial Security
Investopedia: A trusted financial education platform that provides general information about Forex trading, CFDs, and brokerage reviews.
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Start trading smarter with Admiral Markets today!
61% of retail CFD accounts lose money with this provider.