Admiral Markets

Admiral Markets LogotypeAdmiral Markets was originally founded back in 2001; it is an international Forex Broker with the goal of making internet-based trading transparent and easy for everyone across the world. In order to accommodate all types of trades, the company offers traders the ability to choose from seventy different currency pairs as well as CFDs, crude oil futures, metals, and indices.

Admiral Markets is regulated by the UK’s Financial Conduct Authority or (FCA) and located in London. The broker has over 94000 active clients and has a total monthly trading volume of well over $50 billion. The company employs over 400 people who work from across the world.

The company was put in second place in terms of the best Forex Brokers in 2015 by the Broker Wahl based in Germany. However, the company has also been voted as the no. 1 forex broker by users and readers choice by a number of publications.

MT4 and MT5 Platforms

Admiral Markets Admiral Prime

The different available charts make it easy to stay up to date on the latest market trends

Admiral Markets gives traders the choice of choosing a trading platform that they feel comfortable using. In this case, traders can choose between both MetaTrader 4 and 5. MT5 is the latest version of MetaQuotes Software Corp’s trading platform.

Though its predecessor, i.e., MT4 is still preferred by many traders. That said MT5 offers an a number of features, new trading opportunities and various innovations that can be beneficial to traders.

A mobile version of MetaTrader4 is available for iPhones and iPads, as well as Android phones and devices. The other great thing about the MetaTrader 4 platform is the fact that the software is available for the Mac operating system as well. So, the platform encompasses everyone with all types of needs.

The Supreme Edition of MT4

As of late Admiral Markets introduced what they call the ultimate MT4 plug-in. The new plugin purportedly turns the platform into MT4 Supreme Edition. The plug-in and platform now add a number of features which enhance performance like the Mini Trader which helps to simplify and then enhance the process of order creation. All matters related to order creation is handled in a neat and tidy window.

The Trading Terminal uses the Mini Trader terminal across all currencies is now placed in a single window. There is also an Alarm Manager which will alert users of all important upcoming events. Then there is the Correlation Matrix feature which helps to show the correlation between all of the currency pairs with a couple of more features.

The general consensus is that Admiral Markets is an honest broker with a transparent trading service. It also offers traders the best possible spreads and is as forthcoming as possible. The Supreme Edition now also includes the spread indicator where its possible to continually monitor the spread before you even open a live working account.

Account Types

Admiral Markets provides traders with a selection of different account types. The Classic Admiral Markets account is perhaps their most popular one with the minimum required deposit set at $200. Plus, traders have the ability to choose from 59 available currencies such as Spot Energies, Stocks, Indices, Spot Metals, etc. The leverage offered is 1:500.

The other accounts are their Admiral Prime and the Admiral MT5. Both of these accounts require a minimum $1000 deposit prior to trading. Each account has a slightly different asset list from which they can choose along with varying commission and leverages. The Classic Admiral and Prime use the MT4 platform with the MT5 being reserved for the Admiral MT5 account.

Account Types Admiral

Admiral. Markets and Admiral.MT5 are two of the most popular accounts

All accounts have a minimum order seize set at 0.01 lots. The company allows traders to hedge their investments on both the Class and Prime accounts. Plus, traders can efficiently manage their accounts on all smart devices including Android devices and ones based on Apple’s iOS.

Traders can choose to open a demo account for any of the three accounts. This is something that made us very happy during the review. Plus it seems that the firm has focused a lot on the practice account. Newbie traders or those who would first like to see how Forex trading works will find the demo account very useful.

Plus, the demo account will help them test new strategies using the $10,000 of virtual funds which can be traded on a live market. However, the demo account will only work for 30 days. Though the quick start guide with the demo account should help people get started ASAP.

Feature list

We found the Admiral Markets website to be extremely user-friendly because everything you need to know is provided in an easy and clear format. All the essential features including Autochartist is provided. Autochartist is one of the most advanced automatic chart pattern identification tools. So, this feature is certainly welcome.

The advanced technology now enables traders to monitor literally thousands of different financial instruments 24 hours a day. So, they can uncover previously unidentified trading opportunities. The pattern recognition engine continually scans the Equities, Forex, Commodities and Indices markets with traders being notified in minutes of a pattern being recognized.

The other powerful feature is called PowerStats. This feature provides Forex traders with essential bits of statistical information about the instruments they are interested in trading.

The tool also helps to set a stop-loss as well as a take-profit level, while providing a much better assessment of the volatility and risk. All Autochartist features can easily be downloaded to your MT4 application via the custom plug-in and take just 30 seconds to install. The software (Autochartist) is free to use for 30 days.

Educational Features

Admiral Markets offers a number of informative features which include seminars, webinars, knowledge base articles, and books. Traders can choose the format they feel comfortable using. The articles are updated with training examples and talk about using a multitude of tools in various hypothetical conditions.

The live seminars take place in London while the webinars are available to all traders who are members. Plus, Admiral Markets publishes a number of books and various brochures in many different languages which are all easily accessible.

Traders can use the website to get answers to all their questions. Everything from general questions to FAQs and ones relating to MetaTrader4 are all answered. Plus, you can browse through the comprehensive glossary of terms when needed.

Admiral Markets posts both fundamental and technical analysis on a regular basis. That in addition to regular Wave analysis allows traders to plan their trading day accordingly. Plus, the website displays an economic calendar and the rates of all global currencies on the website.

Promotions and Bonuses

All deposits made into trader accounts by traders are eligible for up to a 30% deposit bonus. However, the offer tends to be for a limited time only.

Different Platforms Different Devices

The platform is available on mobile and tablets

During our time reviewing Admiral markets, the firm was running their ForexBall competition with a prize pool of up to around $541,000. We think that this type of promotion is exceptionally educational as well as lucrative since it provides people with the training and learning opportunities they need.

Plus, players get to track their success, work on different strategies and learn from their mistakes all of which helps them become better traders in the long run.

Traders also get a chance to request what’s called a ”Request a Personal Offer,” where Admiral Markets will work to customize the trading conditions. The service is available to traders who deposit around $15000, which makes them extremely competitive.

All a trader has to do is fill out their short form to request the service from the company. A personal account manager will then get in touch to work on tailoring the service to their specific trading habits and needs.

Withdrawals/Deposits

All deposits can be made using regular and popular payment methods like bank wire transfers, credit cards, and payment services like Neteller and Skrill. However, traders can only withdraw money via bank transfers. Also, the commissions charged will depend on where you are located.

Customer Service

Customer service is offered via live chat and over the phone. The support assists traders with technical issues and routine organizational matters. Also, during Australian and European business hours the phone support and live chat are available in over 24 different languages. However, English language support is available 24 hours a day on each business day.

Admiral Markets also offers clients remote support. So, if a trader is experiencing technical issues or has a software related question usually related to MetaTrader4 or 5 or the Supreme Edition, the remote support will quickly assist the trader.

Final Verdict

ApprovedWe were very impressed with Admiral Markets especially since they offer everything that a newbie or experienced trader would need to make a profit. The varied choices of accounts and various platforms are also an added plus.

Most users will also find that using MT4 or MT5 makes their life a lot easier as they don’t need to learn how to use a totally new platform. Though we would like to see the broker offering more promotions frequently and better bonuses which would encourage clients to open an account with them.

Pros:

  • A wide selection of Assets
  • Highly regulated
  • Free Demo Account

Cons:

  • You only get a deposit bonus
Admiral Markets
4 (80%) 1 vote
7 Binary Options review: Admiral Markets: 4.5 stars.

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