Admirals is a forex brokerage that serves both retail and professional clients. It offers access to financial markets such as forex, stocks, commodities, and cryptocurrencies. This broker delivers a variety of trading platforms to meet different trader needs, including MetaTrader WebTrader, MetaTrader 4 and 5, and its exclusive Admirals Trader platform. Here is a detailed review of Admirals (Admiral Markets).
Background
Founded in 2001, Admirals, formerly Admiral Markets, celebrated its 20th anniversary with a rebranding. The brokerage, headquartered in the United Kingdom, is under the stringent regulation of several authoritative bodies worldwide. These include 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, ensuring a high level of trust and reliability for its clients globally.
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 (formerly known as Admiral Markets), users are welcomed into the vibrant worlds of forex, CFDs, and cryptocurrencies. However, for those aiming to elevate their investment journey, the Invest.MT5 account unlocks access to actual stocks and ETFs, presenting an enticing opportunity for discerning investors. Admirals is renowned for its expertise in forex and CFD trading, providing sophisticated tools and resources to aid clients in mastering the intricate landscape of online trading.
Admirals offer a diverse array of investment options. Despite the inherent risks associated with leverage, it’s critical to recognize that not all accounts incur losses. The platform boasts an impressive selection of stock and ETF CFDs, alongside competitive offerings in forex, commodities, and crypto CFDs, positioning it on par with market counterparts.
It is worth noting, however, that futures CFDs are not available through this provider. Prospective investors should ensure they have a comprehensive understanding of how CFDs function and assess their capacity to bear potential losses before venturing into the market.
Moreover, you possess the flexibility to adjust your leverage levels. Leveraging this feature is advantageous when aiming to minimize trading risks. Forex and CFD trading present complexities; hence, it’s wise to proceed cautiously and strategically use this beneficial feature.
Admirals Online Platforms Overview
Admirals offers a suite of trading platforms designed to meet the diverse needs of traders worldwide. Here’s a more detailed look at each platform provided by Admirals.
Admirals Mobile App
The Admirals Mobile App is a highly convenient mobile platform that empowers traders to manage their trading accounts while moving. Compatible with iOS and Android devices, this app is a powerhouse of functionality. It brings traders real-time market data, ensuring they’re never in touch with market fluctuations. The app also boasts advanced charting capabilities, allowing for in-depth market analysis. Moreover, the Admirals Mobile App simplifies trading by enabling users to place trades anywhere, ensuring they never miss a market opportunity.
MetaTrader 5
MetaTrader 5 (MT5) is a versatile multi-asset platform that caters to traders interested in engaging with various financial markets, such as forex, stocks, and commodities. This platform is renowned for its sophisticated charting tools, which provide traders with valuable insights into market trends and potential trading opportunities. MetaTrader 5 has a broad range of trading indicators, further enhancing analysis capabilities. One of the standout features of MT5 is its ability to automate trading strategies using Expert Advisors (EAs), allowing traders to execute trades based on predefined parameters automatically. This functionality is particularly beneficial for those looking to streamline their trading process and efficiently take advantage of market movements.
Each platform Admirals offers is tailored to facilitate a seamless trading experience, from the convenience of mobile trading with the Admirals Mobile App to the advanced capabilities of MetaTrader 5. Whether you are a novice trader seeking simplicity and ease of use or an experienced trader needing powerful analysis tools, Admirals provides the resources necessary to achieve your trading objectives.
MetaTrader 4: A Premier Trading Platform
MetaTrader 4 is a highly favoured trading platform within the forex market, renowned for granting traders access to an extensive array of tools. This platform enhances trading experiences with its advanced charting capabilities, custom indicators, and options for trading strategy automation.
Whether you’re drawn to the MetaTrader platform for its convenience or the user-friendly ‘Analytics’ menu on the website, these robust resources are available in multiple languages. Admiral supports them comprehensively, making reaching your financial objectives more attainable.
MetaTrader WebTrader: Seamless Web-Based Trading
MetaTrader WebTrader introduces a web-centric trading platform that enables traders to manage their accounts effortlessly from any web browser. It boasts an intuitive interface and equips traders with various trading tools and indicators, making trading accessible and efficient.
Advanced Charting Tool
Admirals provides access to 90 technical indicators, among other invaluable features, through the streamlined MetaTrader trading platform. While the tools are impressive, the platform’s design may appear outdated, potentially complicating the user experience. For instance, removing an indicator from a chart might require extra effort. Despite some design drawbacks, Admirals distinguishes itself as an excellent option for traders searching for sophisticated charting capabilities.
Other Tools
Admirals have other powerful tools like Trading Central and Market Heat Map. However, perhaps the most intriguing feature is their Volatility Protection. This game-changing tool helps reduce the risk of unpredictable market fluctuations by setting a price limit and mitigating the chance of any unwanted surprises. 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
Admirals have curated online trading tools designed to empower and guide your trading journey to optimize your trading strategy and enhance your market analysis.
MetaTrader Supreme Edition
MetaTrader Supreme Edition is a premium plugin compatible with MetaTrader 4 and MetaTrader 5 platforms. It grants traders access to an array of additional trading tools, including advanced technical indicators for more nuanced market analysis, custom trading strategies to tailor their approach, and sophisticated automated trading solutions to streamline their trading process. This edition is crafted to elevate their trading experience by providing them with the resources to make informed decisions.
StereoTrader
StereoTrader is a comprehensive trading platform that takes your trading to the next level with its advanced charting capabilities. It allows for detailed market analysis, automated trading strategies customized to fit your trading style, and other essential trading tools. Whether you’re looking to dive deep into technical analysis or automate your trading for efficiency, StereoTrader offers the functionalities to help you achieve your trading goals in the financial markets.
Virtual Private Server (VPS)
Understanding the need for reliability and continuity in trading, a Virtual Private Server (VPS) is made available. This remote server solution enables traders to run their trading platforms and engage in automated trading strategies around the clock, 24/7. The key advantage of using a VPS lies in its ability to operate without a physical computer, ensuring that your trading activities are uninterrupted, secure, and executed with minimal latency. This is particularly beneficial for traders who rely on automated trading systems and those who wish to maintain a constant presence in the market, regardless of their geographical location or time zone.
Admirals offers each tool and service designed with the trader in mind, aiming to provide a supportive and enriched trading environment. Whether you are just starting your trading journey or looking to refine your strategies, these tools can help you navigate the complexities of the financial markets.
Parallels for Mac
Parallels for Mac offers a sophisticated software solution enabling traders to operate Windows-based trading platforms effortlessly on their Mac computers. It delivers a fluid experience for traders who favour Mac but require access to 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 by viewing upcoming events and reading 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 provides online trading accounts, enabling you to trade Forex and CFDs across various assets, including indices, precious metals, energies, ETFs, stocks, and bonds, all under favourable conditions. You have the flexibility to select from various trading platforms, or if you prefer, you can directly trade through MetaTrader WebTrader in your web browser.
Begin by taking these straightforward steps:
- Open a personal account management system. This enables you to set up both demo and live trading accounts, as well as to deposit and withdraw funds.
- Download your preferred Meta trading platform, or trade directly through MetaTrader WebTrader.
- Log in using your account credentials and initiate your trading journey with a demo account.
Deposits & Withdrawals Fees
- Opening a trading account or demo account is free.
- Depositing funds is free.
- After that, one free monthly bank transfer withdrawal and 5 JOD / 10 USD / 10 EUR.
- You can make one free withdrawal through Perfect Money every month and 1%, minimum 1 EUR / 1 USD thereafter.
- Internal transfers between your accounts with different base currencies attract 1% of the amount.
- Internal transfers between your wallets with different base currencies attract 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.
- Twenty-four 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
Embark on your trading journey with Admirals (Admiral Markets), equipped with a wealth of educational resources. Admirals offers comprehensive learning materials for traders at any level – from beginners to seasoned experts.
Explore various learning techniques like demo accounts, instructional videos, webinars, enlightening articles, and podcasts. Admirals offer these indispensable resources across their YouTube channels in various local languages, providing you with the comprehensive support necessary to excel in trading.
Furthermore, the Admirals’ Forex 101 course is designed to accommodate traders of all skill levels. It offers engaging videos, comprehensive notes, and quizzes in each lesson to reinforce learning. Additionally, the curriculum is structured into various difficulty levels, ensuring a perfect match for your expertise.
But there’s more! Admirals proudly presents its Weekly Trading Podcast, your go-to source for the latest market updates and trends. With fresh episodes released weekly, this succinct and insightful podcast ensures you’re always well-informed and empowers you to make savvy trading decisions..
Safety
At Admirals, safety takes precedence. Beyond being regulated by a single financial authority, Admirals is overseen by numerous esteemed bodies, including the FCA, ASIC, and CySEC, ensuring high security and trust. With the added assurance of negative balance protection, clients can feel secure, even though Admirals does not possess a banking license.
Most of their clientele is safeguarded by top-tier financial authorities, providing an extra layer of confidence. Moreover, Admirals’ listing on a stock exchange further solidifies their reputation as a trustworthy entity.
Frequently Asked Questions (FAQs)
What is Forex trading?
Forex trading, also known as foreign exchange trading, involves the simultaneous buying and selling of world currencies to profit from changes in their exchange rates. This global market is one of the largest and most liquid financial markets, allowing traders to capitalize on fluctuations in currency values driven by economic, political, and market forces.
Is Forex trading costly?
The cost of engaging in Forex trading can vary significantly depending on various factors, including the broker’s fees, the size of the trades, and the specific currencies involved. While it can be expensive due to potential transaction fees and the inherent market volatility, traders can employ effective risk management strategies, such as setting stop-loss orders and only trading with money they can afford to lose, to help mitigate these costs and enhance their trading experience.
Who participates in the Forex market?
The Forex market sees participation from a diverse range of entities, encompassing banks that engage in currency exchange to balance their portfolios, corporations that trade currencies as part of their international business operations, governments that might trade for policy reasons or to stabilize their currency, individual traders who speculate on currency fluctuations to profit, and investors looking for diversification or hedging opportunities.
How are forex prices determined?
Supply and demand dynamics primarily determine currency market prices, which are influenced by many factors. These include economic indicators such as inflation rates, interest rates, and employment figures that affect a country’s financial health. Geopolitical events and stability also play a crucial role, impacting investor confidence and significantly changing currency values.
What’s the best Forex trading platform?
Identifying the best Forex trading platform largely depends on the trader’s specific needs, trading style, and the features they find most valuable. MetaTrader 4/5 is renowned for its user-friendly interface, robust analysis tools, and widespread adoption by brokers worldwide. cTrader is praised for its advanced trading capabilities and intuitive design. NinjaTrader offers powerful charting, analysis, and simulation tools for active traders. Ultimately, the choice should be based on compatibility with one’s trading strategies and the tools required for effective market analysis.
Where can I read about Forex trading strategies?
A wealth of information on Forex trading strategies is available across various mediums. Books authored by experienced traders and financial experts can provide in-depth insights and foundational knowledge. Blogs and forums offer up-to-date information, tips, and community advice from fellow traders. Online courses, which range from beginner to advanced levels, offer structured learning paths. Additionally, practising in demo accounts allows traders to experiment with different strategies without financial risk, combining theoretical knowledge with practical experience for comprehensive understanding.
Summary
A fully regulated broker, Admirals caters to traders of all skill levels by offering a diverse array of account types. These range from demo accounts, perfect for beginners just getting their feet wet in the trading world, to professional accounts designed for the more seasoned traders. This ensures that everyone, regardless of their trading experience or style, can find an account that suits their needs.
In addition to the different account types, Admirals is committed to the education and growth of its clients. To support this commitment, the broker provides access to an extensive suite of educational resources. Clients can benefit from engaging webinars covering various trading topics, in-depth trading articles that delve into strategies and market analysis, and comprehensive tutorials that guide traders through the functionalities of trading platforms and tools. These resources are designed to enhance clients’ trading skills and knowledge and empower them to make more informed decisions, thereby increasing their chances of success in the dynamic financial markets.
Disclaimer:
TraderFactor and our partners have compiled all the provided information. This information does not include a record of TraderFactor or our partners’ pricing, nor does it constitute an offer or invitation to proceed with any financial instrument transactions. We do not guarantee the accuracy or completeness of this information. The material is not tailored to the specific investment goals or financial conditions of any reader. It is important to note that past performance is not indicative of future results.