Trusted by BrokerChooser
- Multiple top-tier regulation, including FCA in the UK and ASIC in Australia
- Founded in 2001
- Investor protection is £85k to UK and €20k to EU clients, $0 to others
- Clean track record: no major regulatory incidents or fines
16,310 people picked this broker at AwardBroker in the last 6 months
Our take on 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.
AwardBroker gave Admirals (Admiral Markets) a 4.5/5 rating based on analyzing 600+ criteria and testing via opening a live account.
| ✅ Pro | ❌ Cons |
| ❖ Low forex CFD fees ❖ Free and fast deposit and withdrawal ❖ Straightforward account opening | ❖ Product portfolio limited mostly to CFDs ❖ Inactivity fee ❖ No 24/7 customer service |
Co-Founder, CPO | Equity • Community Trader • Financial Market
“I recommend Admirals (Admiral Markets) for forex traders who are familiar with the MetaTrader trading platforms.”
Admirals (Admiral Markets) summary
| 🗺 Country of regulation | UK, Cyprus, Australia, Estonia, Jordan |
|---|---|
| 🛡️ Negative balance protection | Yes |
| 💰 Apple CFD fee | $3.7 |
| 💰 S&P 500 CFD spread | 0.4 |
| 💰 Inactivity fee charged | Yes |
| 💰 Withdrawal fee | $0 |
| 💰 Minimum deposit | $100 |
| 💵 Available base currencies | EUR, GBP, USD, CHF, BGN, CZK, HRK, HUF, PLN, RON |
| 💵 Conversion fee of deposits in non-base currency | Exchange rate received from liquidity providers plus a mark-up. We used the EURUSD trading fees for the calculation. |
| 💳 Deposit with bank card | Available |
| 👛 With electronic wallet | Available |
| 🕖 Time to open an account | 1 day |
| 🎮 Demo account provided | Yes |
| 🛍️ Products offered | Stock, ETF, Forex, CFD, Crypto |
For a more comprehensive, in-depth look at the broker's services and features, simply expand on the sections below.
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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.
| ✅ Pro | ❌ Cons |
| ❖ Low trading fees ❖ No withdrawal fee | ❖ Inactivity fee |
| Assets | Fee level | Fee terms |
|---|---|---|
| S&P 500 CFD | Average | The fees are built into the spread, 0.4 points is the average spread cost during peak trading hours. |
| Europe 50 CFD | Low | The fees are built into the spread, 1.3 points is the average spread cost during peak trading hours. |
| EURUSD | 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. |
| Inactivity fee | Low | €10 per month after 2 years of inactivity. Only charged if your account balance is greater than zero |
Admirals (Admiral Markets) trading fees
Admirals (Admiral Markets) trading fees are low.
We compared Admirals (Admiral Markets)‘s fees with those of Tickmill and XM, two similar brokers selected by our analysts. This selection is based on objective factors such as products offered, client profile, fee structure, etc. We also drew up a more detailed rundown of Admirals (Admiral Markets) alternatives.
CFD fees
Admirals (Admiral Markets) has generally low CFD trading fees.
| Admirals (Admiral Markets) | Tickmill | XM | |
|---|---|---|---|
| S&P 500 CFD spread | 0.4 | 0.4 | 0.5 |
| Euro Stoxx 50 CFD spread | 1.3 | 1.5 | 1.5 |
| Apple CFD fees per $2,000 trade | $1.1 | – | $1.6 |
| Vodafone CFD fees per $2,000 trade | $1.8 | – | $6.9 |
Forex fees
Admirals (Admiral Markets) forex fees are low.
| Admirals (Admiral Markets) | Tickmill | XM | |
|---|---|---|---|
| FX commission per lot | $3.00 commission per lot per trade | $2.00 commission per lot per trade | $3.50 commission per lot per trade on XM Zero accounts |
| EURUSD spread | 0.1 | 0.2 | 0.1 |
| GBPUSD spread | 0.5 | 0.3 | 0.2 |
| AUDUSD spread | 0.6 | 0.2 | 0.4 |
| USDJPY spread | 0.4 | 0.2 | 0.1 |
| USDCAD spread | 1.2 | 0.3 | 0.5 |
For a comprehensive comparison of forex fees charged by various brokers, use BrokerChooser's FX fee calculator.
Non-trading fees
Admirals (Admiral Markets) has low non-trading fees.
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.
| Admirals (Admiral Markets) | Tickmill | XM | |
|---|---|---|---|
| Account fee | No | No | No |
| Inactivity fee | Yes | No | Yes |
| Deposit fee | $0 | $0 | $0 |
| Withdrawal fee | $0 | $0 | $0 |
How we ranked fees
We ranked Admirals (Admiral Markets)'s fees as low, average or high based on how they compare to those charged by all the brokers reviewed by us.
There are two basic types of broker fees:
- Trading fees are charged when you trade and may include commissions, spreads, financing rates and conversion fees.
- Non-trading fees include charges not directly related to trading, such as withdrawal fees or inactivity fees.
Show less about Fees
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.
| ✅ Pro | ❌ Cons |
| ❖ Fast ❖ Fully digital ❖ Low minimum deposit | None |
| ✅ Pro | ❌ Cons |
| ❖ Fast ❖ Fully digital ❖ Low minimum deposit | None |
Can you open an account?
VISIT BROKER
80% of retail CFD accounts lose money
What is the minimum deposit at Admirals (Admiral Markets)?
The required Admirals (Admiral Markets) minimum deposit is $100.
Account types
The various account types offered by Admirals differ based in two things: the supported trading platform and the applied fee structure.
When it comes to trading platforms, you can choose between MT4 and MT5 accounts, which support the respective MetaTrader trading platforms.
As for fee structure, you have the following options:
- Trade account: lower or no commissions but generally higher spreads
- Zero account: up to $3 per lot commission but generally lower spreads
- Invest account: only available on MT5 for trading stocks and ETFs
You can also open an Islamic account.
In this review, we tested the Zero.MT4 account.
How to open your account
Admirals's account opening process is fully digital, fast and straightforward. Filling out the forms and submitting all the documents takes around 30 minutes. Once you're done, your account will be verified within a day.
- Enter your email address and country of residence.
- Verify your email
- Add some personal information, like your date of birth and address
- Answer questions about your employment status, financial situation and trading experience
- Verify your identity and address
- Finally select your account type
Clients can complete the verification process via a mobile feature, which is quick and convenient. When using this feature, you have to take a photo of your identity and residency documents.
To verify your identity and residency, you have to upload the following documents:
- Proof of identity: national ID / passport / driver's license
- Proof of residency: Bank statement / invoice for water, gas, electricity, internet or telephone
Admirals (Admiral Markets) review – Account opening
Show less about Account opening
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.
| ✅ Pro | ❌ Cons |
| ❖ Credit/Debit card available ❖ Free withdrawal ❖ No deposit fee | ❖ E-wallet options aren't available for all customers |
Account base currencies
At Admirals (Admiral Markets), you can choose from the following 10 base currencies:
| EUR | GBP | USD | CHF |
| BGN | CZK | HRK | HUF |
| PLN | RON |
This selection is average compared to competing brokers.
| Broker | Number of base currencies |
|---|---|
| Admirals (Admiral Markets) | 10 |
| Tickmill | 5 |
| XM | 10 |
Why does this matter? For two reasons. If you fund your trading account in the same currency as your bank account or you trade assets in the same currency as your trading account base currency, you won't have to pay a conversion fee.
A convenient way to save on currency conversion fees is by opening a multi-currency bank account at a digital bank. These usually offer bank accounts in several currencies with great currency exchange rates, as well as free or cheap international bank transfers. Opening an account only takes a few minutes on your phone.
Deposit fees and options
Admirals (Admiral Markets) charges no deposit fees.
There are many deposit options at Admirals. While banks transfer and credit/debit card deposits are available universally, many e-wallet deposit options are only available to clients served by Admiral Markets PTY Ltd. and Admiral Markets UK Ltd.
| Broker | Bank transfer |
|---|---|
| Admirals (Admiral Markets) | |
| Tickmill | |
| XM |
A bank transfer can take several business days, while payment with a credit/debit card is instant. You can only deposit money from accounts that are in your name.
Admirals (Admiral Markets) supports the following electronic wallets:
| Skrill | PayPal | Klarna |
| Neteller | SafetyPay | AstroPay |
| Trustly | Rapid Transfer | NganLuong |
Admirals (Admiral Markets) review – Deposit and withdrawal – Deposit
Admirals (Admiral Markets) withdrawal fees and options
Admirals (Admiral Markets) charges no withdrawal fees for the first withdrawal of the month and offers several methods for withdrawal. If you make more than 1 withdrawal per month, fees will apply.
| Broker | Bank transfer |
|---|---|
| Admirals (Admiral Markets) | |
| Tickmill | |
| XM |
You can only withdraw money to accounts in your name.
How long does it take to withdraw money from Admirals (Admiral Markets)? We tested the credit card withdrawal and it took less than 1 business day.
How do you withdraw money from Admirals? Just follow these steps:
- Log in to the Client Portal.
- Select ‘Transactions' then ‘Withdraw'.
- Choose the withdrawal method.
- Enter your bank account details or select the credit card you want use.
- Enter the amount you wish to withdraw.
- Initiate the withdrawal.
Admirals (Admiral Markets) review – Deposit and withdrawal – Withdrawal
Show less about Deposit and withdrawal
Web trading platform
Score: 2.8/5
Admirals uses the MetaTrader web trading platform. It is highly customizable and has a clear fee report, but its design is outdated and it lacks a two-step login and price alerts.
| ✅ Pro | ❌ Cons |
| ❖ Clear fee report ❖ Good customizability (for charts, workspace) ❖ Order confirmation | ❖ No two-step (safer) login ❖ No price alerts |
| Trading platform | Score | Available |
|---|---|---|
| Web | 2.8stars | Yes |
| Mobile | 4.3stars | Yes |
| Desktop | 3.4stars | Yes |
Admirals doesn't have its own self-developed web trading platform. It offers two third-party platforms, MetaTrader 4 and MetaTrader 5. To access these, you first have to log in to your client platform.
We reviewed MetaTrader 4 as it is more widely used.
The web trading platform is available in several languages.
| Arabic | Bulgarian | Chinese | Croatian | Czech |
| Danish | Dutch | English | Estonian | Farsi |
| French | German | Greek | Hebrew | Hungarian |
| Indonesian | Italian | Japanese | Korean | Latvian |
| Lithuanian | Malay | Mongolian | Polish | Portuguese |
| Romanian | Russian | Serbian | Slovak | Slovenian |
| Spanish | Swedish | Tajik | Thai | Turkish |
| Uzbek | Vietnamese |
Look and feel
The MetaTrader web trading platform has great customizability. It is easy to change the size and the position of the tabs.
However, the platform feels outdated and some features are hard to find. For example, it took us a while to figure out how to add an asset to the watchlist.
Admirals (Admiral Markets) review – Web trading platform
Login and security
Admirals (Admiral Markets) provides only a one-step login. A two-step authentication would be more secure and adding this feature should be high on any company’s list of security changes.
However, you can use two-step authentication to log in to the Admirals client platform.
Search functions
The search functions are OK.
You can find the assets grouped into in categories, but we missed the usual search function where you can type in the asset's name manually.
Admirals (Admiral Markets) review – Web trading platform – Search
Placing orders
You can use the following order types:
- Market
- Limit
- Stop
If you are unfamiliar with some of these terms or want to learn more, read our overview of order types.
There are also order time limits you can use:
- Good 'til canceled (GTC)
- Good 'til time (GTT)
Admirals (Admiral Markets) review – Web trading platform – Order panel
Alerts and notifications
You cannot set price alerts and notifications on the Admirals (Admiral Markets) web trading platform.
This feature is available only on the desktop trading platform.
Portfolio and fee reports
Admirals (Admiral Markets) has clear fee reports.
You can easily see your profit-loss balance and the commissions you paid. These reports can be found under the ‘History' tab, but we didn't find a way to download them.
You can also find your portfolio reports on the client portal.
Additional features
At Admirals, you can boost your MetaTrader trading experience with StereoTrader or the MetaTrader Supreme Edition.
StereoTrader is a trading panel extension that you can connect to your MT platform, while the Supreme Edition enables you to use a wider range of research tools than the basic platform.
VISIT BROKER
80% of retail CFD accounts lose money
Show less about Web trading platform
Mobile trading platform
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.
| ✅ Pro | ❌ Cons |
| ❖ User-friendly ❖ Two-step (safer) login ❖ Good search function | ❖ No price alerts ❖ Not all account types are supported |
At Admirals (Admiral Markets), you can use the MetaTrader mobile platform, or the company's own mobile trading platform, Admirals. We tested the Admirals app.
The platform is available on both iOS and Android, though only in English.
If you prefer the MetaTrader app, you should be aware that you can only use the MT5 platform on the app; meaning that, unfortunately, the Trade.MT4 and Zero.MT4 account types are not supported in this case.
Look and feel
The Admirals (Admiral Markets) mobile trading platform is user-friendly and well-designed. We easily found everything we were looking for.
Admirals (Admiral Markets) review – Mobile trading platform
Login and security
Admirals (Admiral Markets) provides a safer, two-step login for its mobile platform.
You can log in using biometric authentication, which is a convenient feature.
Search functions
The search functions are good.
You can easily find any instrument you'd like to trade.
Admirals (Admiral Markets) review – Mobile trading platform – Search
Placing orders
You can use the following order types on the mobile trading platform:
- Market
- Limit
- Stop
There are also order time limits you can use:
- Good till day
- Good 'til canceled (GTC)
- Good 'til time (GTT)
Admirals (Admiral Markets) review – Mobile trading platform – Order panel
Alerts and notifications
You cannot set alerts and notifications on the Admirals (Admiral Markets) mobile platform.
VISIT BROKER
80% of retail CFD accounts lose money
Show less about Mobile trading platform
Desktop trading 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.
| ✅ Pro | ❌ Cons |
| ❖ Clear fee report ❖ Good customizability (for charts, workspace) ❖ Price alerts | ❖ No two-step (safer) login ❖ Poor design |
Admirals (Admiral Markets) offers MetaTrader 4 as a desktop trading platform.
It has the same design, languages, order types (with the addition of Trailing Stop), search functions, and portfolio and fee reports as the web trading platform.
The major difference is that you can set alerts and notifications on the desktop trading platform, in the form of mobile push or email notifications. To set email or mobile notifications, you must add your email address and mobile MetaQuotes ID (you can find it in the MT4 app's settings). You can add them if you go to ‘Tools' and then ‘Options'.
Admirals (Admiral Markets) review – Desktop trading platform
VISIT BROKER
80% of retail CFD accounts lose money
Show less about Desktop trading platform
Markets and products
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.
Admirals is primarily a forex and CFD broker. To learn more about CFDs, read our CFD trading tips.
| Admirals (Admiral Markets) | Tickmill | XM | |
|---|---|---|---|
| Currency pairs (#) | 50 | 62 | 55 |
| Stock index CFDs (#) | 40 | 32 | 31 |
| Stock CFDs (#) | 3,445 | 500 | 1,300 |
| ETF CFDs (#) | 362 | – | – |
| Commodity CFDs (#) | 28 | 6 | 18 |
| Bond CFDs (#) | 2 | 7 | – |
| Cryptos (#) | 42 | 8 | – |
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
You can change leverage levels at Admirals (Admiral Markets), which is great.
Changing the leverage is a very useful feature when you want to lower the risk of your trade. Always be careful with forex and CFD trading, as preset leverage levels may be too high.
Real stocks and ETFs
Trading real stocks and ETFs is available for clients using an Invest.MT5 account. The stock product selection is average, while the number of available ETFs is relatively low.
| Admirals (Admiral Markets) | Tickmill | XM | |
|---|---|---|---|
| Stock markets (#) | 11 | – | 3 |
| ETFs (#) | 362 | – | – |
CopyTrader
CopyTrader is a social trading feature. It allows you to pick successful traders and track their trades, which are then translated into real trades in your own broker account.
To gain access to this feature, you have to log in to your trading account and apply for Copy Trading. You must answer a few questions about your trading experience and financial knowledge, after which you can start searching for suitable traders to copy.
Show less about Markets and products
Research
Score: 4.5/5
You can use the research tools of the MT platform, which are not the greatest. As a plus, though, Admirals offers great alternative web tools like a forex calendar and market news.
| ✅ Pro | ❌ Cons |
| ❖ Trading ideas ❖ Data on asset fundamentals ❖ Quality news flow | ❖ Average charting tools |
Admirals research tools are available in two locations:
- the MetaTrader trading platforms
- the ‘Analytics' menu on the website
Both are available in multiple languages.
Trading ideas
Admirals (Admiral Markets) provides trading ideas.
Ideas are in the form of listing top movers based on daily changes.
Admirals (Admiral Markets) review – Research – Recommendations
Fundamental data
Admirals (Admiral Markets) offers fundamental data.
These are available via a forex calendar, where you can filter data by various categories.
You can see upcoming events as well in the calendar. When you select an event, you can read a short explanation and check historical data.
Admirals (Admiral Markets) review – Research – Fundamental data
Charting
Admirals (Admiral Markets) has OK charting tools. You can use 31 technical indicators.
The charting tools can be found on the MetaTrader trading platforms. Some other technical tools are available as well, such as trendlines or Fibonacci retracement.
In one drawback, the design is outdated and some features are hard to use. For example, we had difficulty finding out how to remove an indicator from the chart.
Admirals (Admiral Markets) review – Research – Charting
News feed
Admirals offers a great news flow on its ‘Global Market Updates' and ‘Trading News' sites. You can find up-to-date info from around the globe.
COMPARE RESEARCH PROS AND CONS
Show less about Research
Customer service
Score: 3.9/5
Admirals customer service is available via several channels and is generally good quality. It provides helpful answers, although response times could be improved. We also missed 24/7 support.
| ✅ Pro | ❌ Cons |
| ❖ Phone support ❖ Live chat | ❖ No 24/7 support |
You can contact Admirals (Admiral Markets) via:
- live chat
- phone
Admirals has a quick live chat; an agent is connected almost immediately. We always got detailed help and relevant answers.
Phone support was helpful and we received detailed answers. The agent also offered to send us information via email. However, sometimes we had to wait a bit longer than ideal before we got connected to an agent.
Email support is helpful. We received useful and to-the-point answers to our enquiries, although in some cases we had to wait for a full day for a reply. We appreciated the fact that they asked for feedback about the quality of customer support.
We missed the 24/7 availability, but overall Admirals has great customer service.
Admirals (Admiral Markets) review – Customer Service
VISIT BROKER
80% of retail CFD accounts lose money
Show less about Customer service
Education
Score: 5/5
Admirals (Admiral Markets) provides quality educational texts, webinars and videos, while a demo account is also available.
| ✅ Pro | ❌ Cons |
| ❖ Demo account ❖ Trading platform tutorial ❖ Educational videos | None |
At Admirals (Admiral Markets) you can learn through the following ways:
- Demo account
- Platform tutorial videos
- General educational videos
- Webinars
- Quality educational articles
- Weekly trading podcasts
The platform tutorial and educational videos can be found on Admirals's YouTube channels – these are available in several local languages.
Admirals offers courses and materials based on your trading experience. There are beginner, intermediate and advanced-level articles.
You can learn through the Forex 101 course, where each lesson consists of a video, written notes and a follow-up quiz. Lessons are available in various difficulty levels for people with different levels of trading experience.
Another uniqe addition is the Weekly Trading Podcast. It's a few-minute-long podcast every week about the latest market news and trends.
Admirals (Admiral Markets) review – Education
VISIT BROKER
80% of retail CFD accounts lose money
Show less about Education
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.
| ✅ Pro | ❌ Cons |
| ❖ Majority of clients belong to a top-tier financial authority ❖ Listed on stock exchange ❖ Negative balance protection | ❖ Does not hold a banking license |
Bottom line
Admirals (Admiral Markets) is a great CFD broker. It is regulated by several financial authorities globally, including the UK's FCA and Australia's ASIC.
On the plus side, Admirals' CFD trading fees are low, while forex fees aren't high either. We also liked that the deposit and withdrawal process is fast and mostly free. The account opening process is seamless, hassle-free and quick.
Admirals has some drawbacks, though. The product range is mainly limited to CFDs, real stock and ETF trading is available for one specific account type.
We recommend Admirals for clients interested in forex and CFD trading who want to enjoy great deposit and withdrawal options along with fast account opening. Feel free to test it using a demo account.
VISIT BROKER
80% of retail CFD accounts lose money
FAQ
Below you can find links to all aspects of Admirals (Admiral Markets) in this comprehensive collection.
Lower fees, lower costs?
We detailed this in our Admirals (Admiral Markets) fees article.
What about the minimum deposit?
Our ultimate guide to the Admirals (Admiral Markets) minimum deposit is updated regularly.
How to start your Admirals (Admiral Markets) account?
Look no further than our evaluation of the Admirals (Admiral Markets) account opening.
How's their trading app?
Here's our expert view after checking the Admirals (Admiral Markets) trading app.
Is the quality of customer service satisfactory?
All you need to know about the Admirals (Admiral Markets) customer service.
Legit or scam?
Is Admirals (Admiral Markets) legit features all the key aspects you need to look at to see if a broker is safe and legit.
Free or premium? Or both?
A glance at actual costs and whether Admirals (Admiral Markets) is really free.
Is this broker good for beginners?
We checked it in Is Admirals (Admiral Markets) good for beginners.
Should you buy your silver bullets on Admirals (Admiral Markets)?
Research for silver bugs in the Silver buy on Admirals (Admiral Markets) guide.
I want to trade options, are they available at Admirals (Admiral Markets)?
We explored the topic in Can you trade options on Admirals (Admiral Markets)?
What is the minimum account balance at Admirals (Admiral Markets)?
Check out the current account balance requirements at Admirals (Admiral Markets) in our What is the minimum account balance at Admirals (Admiral Markets) article.
Looking for commission and fees data for Admirals (Admiral Markets)?
We collected them in Admirals (Admiral Markets) commission and fees.
How do you withdraw money from Admirals (Admiral Markets)?
We tested it and collected the options and costs in How to withdraw money on Admirals (Admiral Markets).