Admiral Markets, a multi-asset online brokerage that was founded in 2001, offers trading of multiple markets through multiple financial products including CFDs as well as general account leverage. Admiral Markets is a long-standing Forex and CFD broker. It was established in 2001.
Admiral Markets has 10 offices around the world and sells its products in many different countries. This gives it a good position in the CFD broker and Forex brokers list. Top regulators such as FCA, ASIC and MiFID have authorized and regulated the broker.
Depending on the initial investment, traders have three types of accounts. You will need $200 to open an account with the broker. This gives you access the Admiral.Markets micro-account, which is one of the most popular options at the company. Micro accounts have a maximum leverage limit of 1:500. This can be adjusted according to trader requirements. Ultra-competitive spreads are also available in the micro account. They start at 0.8 pip on majors and may rise depending on market conditions. The spreads and leverage of Admiral Markets are very competitive. However, #200 may seem too high for small retail traders who want accounts starting at $5 or $10.
ECN accounts, also known as Admiral.Prime, offer spreads that are lower at 0 pips, and a $3 commission per lot. With a minimum deposit of $1000, the leverage can be further reduced to 1:1200. The Admiral.MT5 account is the third type. It incorporates all rules imposed on the MT5 platform, such as no hedging. This account is better suited for traders who are more familiar with the MT5 than the MT4 platforms. Minimum deposit of $1000 is required for MT5 accounts. Maximum leverage is 1:100. Spreads are 0.2 pips. Trading commissions are also dependent on trading volume. Each trade costs 0.003% of the amount opened at market price. Admiral Markets spreads tend to be lower than other brokers, which allows traders to benefit from the huge cost savings, particularly for high-frequency traders. ECN accounts also have a lower commission than other ECN brokers. This makes it more attractive for traders to explore the vast liquidity available directly from liquidity providers. The only drawback is that the minimum deposit is relatively higher, which may direct traders to open ECN accounts at other leading Forex brokers in the market. Admiral.Markets accounts and Admiral.Prime account offer market access via the MT4 terminal.
Admiral.MT5 accounts only make use of the MT5 platform. However, traders prefer the MT4 platform to trade Admiral Markets. This is due to the many advantages that the MT4 has over the MT5 interface. Mobile Forex traders can also get the MT4 Admiral Marketplaces app from their respective app stores. This will allow them to trade the markets while on the go. To add more features to the existing interface, traders can download the MT4 Supreme Edition plugin. The Supreme Edition platform will offer professional and seasoned traders more functionality and a more advanced interface. Although the broker made things difficult for customers by offering a confusing product line, it is evident that the broker can offer different instruments through its micro-account due to its market maker nature. Admiral Markets cannot offer any other financial instruments besides Forex currency pairs or precious metals, as the Prime and MT5 ECN accounts connect directly to the liquidity provider. One can checkout all the available platforms and choose the best forex platform. Admiral Markets may not be a good choice for traders because of the variety of FX options. Traders will be discouraged from opening accounts due to the higher trading capital required and the confusing product portfolio. However, the FCA regulation and competitive spreads will help the company stay afloat on this highly competitive financial marketplace.