Admirals is a forex broker that offers trading services to retail and professional clients in various financial markets, including forex, stocks, commodities, and cryptocurrencies. The broker provides a range of trading platforms, including MetaTrader WebTrader, MetaTrader 4 and 5, and its proprietary Admirals Trader platform. Here is a complete Admirals( Admiral Markets) Review.
Background
Admirals was founded in 2001 and rebranded from Admiral Markets on its 20th anniversary. With its headquarters in the United Kingdom, the broker is regulated by the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC) in Australia, the Cyprus Securities and Exchange Commission (CySEC) in Cyprus, the Jordan Securities Commission (JSC) in Jordan, and the South African Companies and Intellectual Property Commission (CIPC) in South Africa.
Key Features
- Straight Through Processing (STP) provider.
- Competitive leverage rate of up to 1:500
- A wide range of markets.
- Multi-platform advanced trading tools for Windows, tablet or smartphone trading
- Cash rebates
- Online trading resources
Products
- Forex Trading
- Commodity Futures
- Indices
- Stocks and ETFs
- Bonds
At Admirals (Admiral Markets), users can dive into the world of forex, CFDs, and cryptos. But for those who want to take things to the next level, the Invest.MT5 account type offers the opportunity to explore real stocks and ETFs – a great prospect for any savvy investor. Admirals mainly specialize in forex and CFD trading and offer advanced tools and resources to help clients navigate the complex world of online trading.
Admirals have a variety of options for you to choose from. While they have a higher risk factor due to leverage, it’s important to note that not all accounts lose money. Admirals have a strong selection of stock and ETF CFDs, and their forex, commodity, and crypto CFDs offerings are comparable to others in the market.
Unfortunately, futures CFDs are not an option with this provider. Before diving in, ensure you understand how CFDs work and can potentially afford to lose money.
In addition, you have the freedom to modify your leverage levels. This is a valuable feature to utilize if you’re looking to decrease your trading risk. Forex and CFD trading can be tricky, so exercise caution and take advantage of this helpful feature.
Admirals Online Platforms
Here’s a brief highlight of each trading platform Admirals provided to all traders.
Admirals Mobile App
Admirals Mobile App is a mobile trading platform that allows traders to access their trading accounts on the go. It is available for iOS and Android devices and features real-time market data, advanced charting capabilities, and the ability to place trades anywhere.
MetaTrader 5
MetaTrader 5 is a multi-asset platform that allows traders to trade in various financial markets, including forex, stocks, and commodities. The platform features advanced charting tools, trading indicators, and the ability to automate trading strategies.
MetaTrader 4
MetaTrader 4 is a popular trading platform widely used in the forex market. It offers traders access to a wide range of trading tools, including advanced charting capabilities, custom indicators, and the ability to automate trading strategies.
Whether you prefer the convenience of the MetaTrader platform or the user-friendly interface of the ‘Analytics’ menu on the website, you can access these powerful resources in multiple languages. With Admiral’s comprehensive support, achieving your financial goals is easier.
MetaTrader WebTrader
MetaTrader WebTrader is a web-based trading platform that allows traders to access their trading accounts from any web browser. It features an intuitive user interface and offers traders access to various trading tools and indicators.
Charting Tools
Admirals have 90 technical indicators and other useful features accessible through the user-friendly MetaTrader trading platform. However, while the tools are impressive, the design might leave you underwhelmed. The outdated layout may make some features harder to use, like removing an indicator from the chart, which may require a bit of digging. Despite this, Admirals remains a great choice for traders seeking powerful charting capabilities.
Other Tools
Admirals have other powerful tools like Trading Central and Market Heat Map. But perhaps the most intriguing feature is their Volatility Protection, a game-changing tool that helps reduce the risk of unpredictable market fluctuations by setting a limit on prices, mitigating the chance of any unwanted surprises. And with options like limiting maximum price slippage and controlling losses on pending orders, traders can rest easy knowing that their investments are safeguarded from sudden dips.
Available Trading Tools
To inform your trading decisions, Admirals has availed online trading tools.
MetaTrader Supreme Edition
MetaTrader Supreme Edition is a plugin for MetaTrader 4 and 5 that offers traders access to a range of additional trading tools, including advanced indicators, custom trading strategies, and automated trading solutions.
StereoTrader
StereoTrader is a trading platform that offers advanced charting capabilities, automated trading strategies, and a range of other trading tools to help traders succeed in the financial markets.
Virtual Private Server
A Virtual Private Server (VPS) is a remote server that allows traders to run their trading platforms and automated trading strategies 24/7 without needing a physical computer.
Parallels for MAC
Parallels for MAC is a software solution that allows traders to run Windows-based trading platforms on their MAC computers. It provides a seamless experience for traders who prefer to use a MAC but need to access Windows-based trading platforms.
Other Features
Admirals stand out with supplementary features such as a forex calendar and the latest market news. In addition, Admirals provide cutting-edge trading ideas focusing on daily changes. Therefore, their listings of top movers will allow you to take your portfolio to new heights.
Users can also explore the Admirals Forex calendar to access valuable insights. Here, you can take control of your trading strategy by filtering data based on various categories. Therefore this enables you to stay ahead of the game with the ability to view upcoming events and read detailed explanations. And if you want to go even deeper, you can check out the historical data for each event.
How to Start Trading With Admirals(Admiral Markets)
Admirals offers online trading accounts to trade Forex & CFDs on indices, precious metals, energies, ETFs, stocks and bonds on excellent terms. They allow you to choose between trading platforms. You may also trade directly in your web browser with MetaTrader WebTrader.
Get started by following simple steps;
- Opening a personal account management system allows you to create demo and live trading accounts, and deposit & withdraw funds.
- Download a Meta trading platform of your choice or trade via MetaTrader WebTrader.
- Log in with your account credentials and start with a demo account.
- Deposit funds when ready to begin live trading.
Deposits & Withdrawals Fees
- Opening a trading account or demo account is free.
- Depositing funds is free.
- One free monthly bank transfer withdrawal and 5 JOD / 10 USD / 10 EUR after that.
- One free withdrawal through Perfect Money every month and 1%, min. 1 EUR / 1 USD thereafter.
- Internal transfers between your accounts with different base currency attract a 1% of the amount.
- Internal transfers between your wallets with different base currency attract a 1% of the amount (min. 1 EUR) after the fifth transaction.
Pros
- Real-time analysis and trading updates.
- Access to over 40 CFDs on currency pairs.
- 24 hours a day, five days a week trading.
- Tight spreads from 0 Pips.
- Fast deposits & withdrawals.
- Trading via the world’s most Meta platforms.
Cons
- Withdrawal fees are slightly higher between wallets
Customer Service
Admirals prides itself on providing excellent customer service through multiple communication channels to suit your needs. This includes phone support, email, and live chat, perfect for those who prefer to type out their queries. You can expect helpful responses, although there is room for improvement in response times. Remember that customer service is not always available around the clock, so plan accordingly.
Education
You can embark on a trading journey with Admirals (Admiral Markets) thanks to the availability of enriching learning resources. Whether you’re a novice or an experienced trader, Admirals has covered you with their beginner, intermediate, and advanced-level courses.
Explore and learn in various ways with demo accounts, platform tutorial videos, webinars, quality educational articles, and podcasts. You can access these rich materials on Admirals’ YouTube channels in different local languages.
In addition, the Admirals’ Forex 101 course is tailored to suit traders of all experience levels, with each lesson having an engaging video, in-depth notes, and a quiz to help you test your newfound knowledge. Plus, the lessons are available in various difficulty levels so that you can find the perfect fit for your skills.
But that’s not all! Admirals also offers a Weekly Trading Podcast to stay on top of the latest market news and trends. With new episodes released every week, this concise and informative podcast is the perfect way to stay in the know and make smart trading decisions.
Safety
At Admirals, safety is a top priority. They’re regulated not only by one financial authority but also by several reputable organizations such as the FCA, ASIC, and CySEC. Plus, they’ve got your back with negative balance protection. Admirals may not hold a banking license, but you know you’re in good hands with most of their clients falling under a top-tier financial authority. And to top it off, they’re even listed on a stock exchange.
Frequently Asked Questions (FAQs)
What is Forex trading?
Forex trading refers to buying and selling currencies to generate profit through fluctuations in their exchange rates.
Is Forex trading costly?
The cost of Forex trading can vary, but it can be expensive due to transaction fees and market volatility. However, effective risk management strategies can help manage costs.
Who participates in the Forex market?
Various entities participate in the Forex market, including banks, corporations, governments, individual traders, and investors.
How are forex prices determined?
Currency market prices are determined by supply and demand and economic and geopolitical factors that affect a country’s financial health and stability.
What’s the best Forex trading platform?
The best Forex trading platform depends on individual preferences and needs, but some popular options include MetaTrader 4/5, cTrader, and NinjaTrader.
Where can I read about Forex trading strategies?
Forex trading strategies can be found in books, blogs, forums, and online courses and through trial and error in practice accounts.
Summary
Admirals is a regulated broker that provides a range of account types to suit different trading styles and experience levels, including demo accounts for beginners and professional accounts for more experienced traders.
The broker also offers its clients access to various educational resources, including webinars, trading articles, and tutorials, to help traders improve their skills and knowledge to help them succeed in the financial markets.