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Admirals (Admiral Markets) Review 2024

Written by
Krisztián G.
Fact checked by
Adam N.
Updated
1d ago
Key data
Fees
Safety
Deposit and withdrawal
Account opening
Mobile app
Desktop platform
Product selection
Regulated and trusted. Tested via live trading.
17,321 people chose this broker
Not available in United States; see best alternatives

Why choose Admirals (Admiral Markets)

Admirals (Admiral Markets) is a global forex and CFD broker, which is regulated by several authorities, including the top-tier FCA in the UK and ASIC in Australia.

It charges low forex CFD fees. Deposit and withdrawal are fast and mostly free, and multiple options are available including bank cards and electronic wallets. Account opening is also fast and user-friendly.

On the negative side, Admirals has a limited product portfolio as it mostly offers CFDs; real stocks and ETFs are available only to some clients. Customer support is not available 24/7, and there is an inactivity fee.

BrokerChooser gave Admirals (Admiral Markets) a 4.5/5 rating based on analyzing 600+ criteria and testing via opening a live account.

  • Low forex CFD fees
  • Free and fast deposit and withdrawal
  • Straightforward account opening
Overall score
4.5/5
Minimum deposit
$100
FX fee
Low
Index CFD fee
Low
Withdrawal fee
$0
Account opening
1 day
Visit Admirals (Admiral Markets)

80% of retail CFD accounts lose money

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Fees

Score: 3.7/5
Admirals (Admiral Markets) has low trading fees, especially when it comes to forex. On the negative side, it charges an inactivity fee.
  • Low trading fees
  • No withdrawal fee

We compared Admirals (Admiral Markets)'s fees with two similar brokers we selected, Tickmill and XM. These competitors were selected based on objective factors like products offered, client profile, fee structure, etc. See a more detailed comparison of Admirals (Admiral Markets) alternatives.

Low FX fees

Admirals (Admiral Markets) charges a forex commmission: $3.00 commission per lot per trade. Spread costs come on top of this, e.g. the EUR/USD spread is 0.1.

Broker
EURUSD spread
FX commission per lot
Admirals (Admiral Markets)
0.1
$3.00 commission per lot per trade
Tickmill
0.2
$2.00 commission per lot per trade
XM
0.1
$3.50 commission per lot per trade on XM Zero accounts
Admirals (Admiral Markets) forex spreads and commissions

Low index CFD fees

All index CFD fees are built into the spread. The spread for S&P 500 index CFDs is 0.4.

Broker
S&P 500 CFD spread
Admirals (Admiral Markets)
0.4
Tickmill
0.4
XM
0.5
Admirals (Admiral Markets) index CFD spreads and commissions

Low stock CFD fees

The commission for stock CFD trading is the following: $0.02 per share with $1 min.

Broker
Apple CFD
Admirals (Admiral Markets)
$1.1
Tickmill
-
XM
$1.6
Admirals (Admiral Markets) stock CFD spreads and commissions

Low inactivity fee, low withdrawal fee

There is no account fee, and no deposit or withdrawal fee for bank transfers or credit card and e-wallet transfers.
However, there is a monthly €10 inactivity fee after 2 years of inactivity. It's charged only if the account balance is greater than zero.

Broker
Inactivity fee
Withdrawal fee
Admirals (Admiral Markets)
$0
Tickmill
$0
XM
$0
Admirals (Admiral Markets) inactivity, withdrawal and other fees

Safety

Admirals is regulated by several financial authorities, including the FCA, the ASIC and CySEC. It also provides negative balance protection. However, it doesn't hold a banking license.
  • Majority of clients belong to a top-tier financial authority
  • Listed on stock exchange
  • Negative balance protection
Read more

Deposit and withdrawal

Score: 5/5
Admirals charges no deposit or withdrawal fees. You can use cards, bank transfer or e-wallets for deposit and withdrawal, but some e-wallet options aren't available for all clients.
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
Read more

Account opening

Score: 5/5
The account opening and verification process is fast and fully digital. The minimum deposit is $100, which is definitely not excessive.
  • Fast
  • Fully digital
  • Low minimum deposit
Read more

Mobile app

Score: 4.3/5
The mobile trading app is well designed and user-friendly, with a good search function and safe login. However, price alerts and some account types are not supported.
  • User-friendly
  • Two-step (safer) login
  • Good search function
Read more

Desktop platform

Score: 3.4/5
In design and functionality, the MetaTrader 4 desktop platform offered by Admirals is almost the same as the web platform. One major difference is that you can set price alerts.
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
Read more

Product selection

Score: 3.1/5
For most users, Admirals (Admiral Markets) mainly provides forex, CFD and cryptos. For those using the Invest.MT5 account type, it offers real stocks and ETFs as well.
Read more
“I recommend Admirals (Admiral Markets) for forex traders who are familiar with the MetaTrader trading platforms.”

FAQ

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Author of this review

Krisztián Gátonyi

Method-Man | Forex • Market Analysis • Stock Market

I have 15 years of experience in proprietary trading, mainly in the interbank currency market as a foreign exchange risk manager. I'm actively involved in reviewing the 100+ brokers listed on our site. I personally open accounts with real money, execute trades, test customer services. I hold an MSc in International Business from the University of Middlesex. My purpose is to help people find the best investment provider.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.

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