Is Admirals (Admiral Markets) free?
Admirals (Admiral Markets) is in fact a zero-commission broker when it comes to buying and selling stocks. Zero commission is especially useful if you trade relatively low volumes, like buying stocks for less than $500 per trade, because you won't be hit with any minimum fees the broker might charge.
We should note that the payment-for-order-flow model, which is used by some zero-commission brokers to generate income (rather than relying on commissions), could potentially create a conflict of interest between you and your broker. This could result in trade execution (like routing your orders to specific market makers) that might be unfavorable for you under certain market conditions, especially when using market orders (as opposed to limit orders, which seem to be less affected).
Keep in mind that at some brokers, you could incur non-trading charges like withdrawal or inactivity fees. Also, if you trade on margin, the margin rate charged by brokers can differ wildly. In the next chapter, we'll find out what these charges are at Admirals (Admiral Markets) and how they compare with fees charged by its closest competitors.
If you want to read our full review, including fees, deposit options and other platforms (like web and desktop) then skip to the Admirals (Admiral Markets) review.
Disclaimer: 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Admirals (Admiral Markets) fees
Overview of Admirals (Admiral Markets) fees and charges
It's safe to say that Admirals (Admiral Markets)'s fees are low in general. They either don't charge a brokerage fee for things that other brokers do, or they only charge a small amount.
Here's a high-level overview of Admirals (Admiral Markets)'s fees
| Assets | Fee level | Fee terms |
|---|---|---|
| US stock fee | - | One commission-free trade per day. Outside the allowance, the fee is $0.02 per share with a minimum of $1 |
| EURUSD fee | Low | Zero MT4 account: $3.00 commission per lot per trade plus spread cost. 0.1 pips is the average spread cost during peak trading hours. |
| US mutual fund fees | - | Not available |
| Inactivity fee | Low | €10 per month after 2 years of inactivity. Only charged if your account balance is greater than zero |
Admirals (Admiral Markets) fees
Admirals (Admiral Markets) fees explained
Online brokerages in general charge much lower brokerage fees than traditional brokerages do - this is largely because online brokerages' businesses can be much better scaled: from a purely technical standpoint, it doesn't make that much of a difference for them if they have 100 or 5,000 clients.
This is not to say, however, that they don't charge any fees at all. They make money by charging you various rates for various actions or events. Usually you need to keep an eye on the following three types of fees:
- Trading fees - these are brokerage fees that you pay when you actually carry out a trade, like buying an Apple share or an ETF. What you pay is either a commission, a spread or a financing rate. Some brokers apply all of these.
- A commission is either fixed or based on the traded volume.
- A spread is the difference between the buy price and the sell price.
- A financing rate or overnight rate is charged when you hold your leveraged positions for more than one day.
- Non-trading fees. These are usually related to some operations you carry out in your account, such as depositing money, withdrawing money, or not trading for an extended period.
We compare Admirals (Admiral Markets) fees with its closest competitors, Tickmill and XM.
Admirals (Admiral Markets) fees
Admirals (Admiral Markets) trading fees
Admirals (Admiral Markets)'s trading fees are low, which makes it suitable for you even if you trade often (i.e. several times a week).
Let's break down trading fees according to the different asset classes available at Admirals (Admiral Markets).
Trading fees
Admirals (Admiral Markets)'s trading fees are low.
Stock fees and ETF fees
Admirals (Admiral Markets) has stock trading fees.
| Admirals (Admiral Markets) | Tickmill | XM | |
|---|---|---|---|
| US stock | $0.0 | - | $1.0 |
| UK stock | $0.0 | - | $9.0 |
| German stock | $0.0 | - | $5.0 |
Forex fees
Admirals (Admiral Markets)'s forex fees are low.
| Admirals (Admiral Markets) | Tickmill | XM | |
|---|---|---|---|
| EURUSD benchmark fee | $15.1 | $12.5 | $17.5 |
| EURGBP benchmark fee | $15.7 | $9.0 | $15.5 |
CFD fees
Admirals (Admiral Markets) has low CFD trading fees.
| Admirals (Admiral Markets) | Tickmill | XM | |
|---|---|---|---|
| Apple CFD | $1.1 | - | $2.2 |
| Vodafone CFD | $4.9 | - | $0.0 |
| Germany | - | - | $4.6 |
Currency conversion fee
Admirals (Admiral Markets) will charge a Currency Conversion Fee for all trades on instruments denominated in a currency different to the currency of your account. The fee is charged as the following: Exchange rate received from liquidity providers plus a mark-up. We used the EURUSD trading fees for the calculation..
Admirals (Admiral Markets) fees
Admirals (Admiral Markets) non-trading fees
When it comes to non-trading fees, Admirals (Admiral Markets) is a rather cheap broker.
Non-trading fees include various brokerage fees and charges at Admirals (Admiral Markets) that are not related to buying or selling assets. This can be a withdrawal fee, deposit fee, inactivity fee or account fee.
| Admirals (Admiral Markets) | Tickmill | XM | |
|---|---|---|---|
| Withdrawal fee | $0 | $0 | $0 |
| Deposit fee | $0 | $0 | $0 |
| Inactivity fee | Yes | No | Yes |
| Account fee | No | No | No |
Admirals (Admiral Markets) fees
Admirals (Admiral Markets) deposit fee
Usually, brokers don't charge anything for deposits, and Admirals (Admiral Markets) is no different.
| Admirals (Admiral Markets) | Tickmill | XM | |
|---|---|---|---|
| Bank transfer | Yes | Yes | Yes |
| Credit/debit card | Yes | Yes | Yes |
| Electronic wallets | Yes | Yes | Yes |
| Deposit fee | $0 | $0 | $0 |
Admirals (Admiral Markets) fees
Admirals (Admiral Markets) withdrawal fee
Admirals (Admiral Markets) generally doesn't charge a withdrawal fee.
| Admirals (Admiral Markets) | Tickmill | XM | |
|---|---|---|---|
| Bank transfer | Yes | Yes | Yes |
| Credit/debit card | Yes | Yes | Yes |
| Electronic wallets | Yes | Yes | Yes |
| Withdrawal fee for bank transfer | $0 | $0 | $0 |
Admirals (Admiral Markets) fees
Admirals (Admiral Markets) inactivity fee
Admirals (Admiral Markets) does apply an inactivity fee and it is €10 per month after 2 years of inactivity. Only charged if your account balance is greater than zero. Keep this in mind to avoid getting charged after a longer idle period. The fact that Admirals (Admiral Markets) charges an inactivity fee makes it less ideal for you if you are a buy-and-hold investor.
The inactivity fee charged by Admirals (Admiral Markets) is low.
| Admirals (Admiral Markets) | Tickmill | XM | |
|---|---|---|---|
| Inactivity fee | Yes | No | Yes |
| Inactivity fee | €10 per month after 2 years of inactivity. Only charged if your account balance is greater than zero | No inactivity fee | $15 one-off maintenance fee after one year of inactivity, followed by $5 per month fee if the account remains inactive |
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