Admiral Markets Review
- There are ECN accounts that have zero spreads
- There are many trading instruments to choose from including cryptocurrencies
- Free demo account
- The broker is regulated
- >No deposit bonus
Admiral Markets UK Ltd is an online forex broker that was established in 2001. It is among the subsidiaries to the parent company Admiral Markets Group AS. Other subsidiaries are; Admiral Markets Cyprus and Admiral Markets AS. Admiral Markets UK Ltd is registered in England under license number 08171762 and is MiFID and FCA compliant. It boasts over 17 years of experience in providing traders with world class online trading environment. Admiral markets UK Ltd is an ECN broker implying that its customers benefit from tight spreads, instant market execution and non-rivalry of trades between the broker and traders. The following are the list of markets which traders can choose trading with this broker; currencies, commodities, indices, shares, bonds and cryptocurrencies.
Admiral Markets UK Ltd has won the hearts of many traders by its unique customer oriented approach service to its customers. As a result, it has bagged several accolades from industry reviewers example is share magazine which recognized Admiral Markets UK Ltd as the “Best MT4 broker” in 2015. At a forex conference in Poland dubbed as “FX Cuffs” it was announced as the best foreign broker in Poland in 2015.
Admiral Markets UK Ltd utilized both the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms. The MT4 is a worldwide known and widely used platform among traders. It is known for an intuitive platform that has a wide array of technical analysis tools and indicators. MT4 allows for custom programming of trade bots known as Expert Advisors (EAs) which can be installed in MT4. Admiral Markets UK Ltd offers this platform in both as a downloadable desktop client and web Trader. The desktop client is applicable for both PC and Mac users. The image above is a preview of the Web Trader. The trading platform can also be accessed both on android and IOs devices such as iPhone, iPad and tablet.
Admiral Markets UK Ltd have a custom application called the MT4 Supreme Edition. This is a plug in that is installed in MT4 to allow traders to have more detailed technical analysis. MT4 supreme edition has the following features.
- Mini terminal – the mini terminal has a lot size and margin calculator.
- Trade terminal – the trade terminal enables close of multiple orders partially.
- Tick chart trader – traders can track price movements and can take position from this window.
- News feed – there is news feed section that has constant news update and an embedded economic calendar.
- Indicator package – the indicators contained are advanced and can track order history, pivots points and other more detailed information.
Admiral markets offers one of the most comprehensive exchange markets by offering a wide range of trading instruments to traders. There are 47 currency pairs, 8 commodities, 20 indices, 265 stocks, 8 cryptocurrencies and 2 bonds. The instruments are colored differently and are clustered in same groups. Traders can easily differentiate currencies from indices and other instruments by their colour.
Account Types and Fees
Admiral markets UK Ltd operates offers two account types under the MT4 platform. The following are the account details and the fees under these two account types.
- Admiral.Markets account – this account is the most common account among traders. It is a micro account that providers traders with leverage of up to 1:500. Its spreads start from 0.8 pips. This account gives traders access to the list of the entire financial instruments.
- Admiral.Prime account – This is an ECN account type and has spreads and spreads as low as zero and 0.03 respectively. This account limitation is that its list of derivatives is limited to FX currencies and precious metals.
There are MT5 accounts provided by this broker. Trading with MT5 has the following benefits; fast market execution, reduced spreads and low commission. However, its limitation is that you can’t hedge positions and the maximum leverage is 1:100.
Security and Fairness
Trading with Admiral Markets UK Ltd guarantees you safety for your funds. This is because its operations are regulated by UK financial watchdog, FCA. By the fact it is regulated by Financial Conduct authority (FCA), it implies that aggrieved traders can file a dispute to FCA whenever aggrieved. Traders’ funds are banked in a separate EEA-regulated credit institution which is different from the broker’s banks. This ensure segregation of funds and the broker cannot whatsoever use the trader’s money. This separation is checked routine and verified by auditors.
By the fact Admiral Markets UK Ltd is FCA compliant it implies that it is a member of Financial Services Compensation Scheme (FSCS). This scheme provides each trader a cover of up to £50,000 in case the broker suffers from severe market shocks or faces financial difficulty.
Admiral Markets UK Ltd offers its customer support through live chat, email support and phone. The live chat is available in over 24 languages, English being one of them. The live chat is available during Australian and Europe office hours. You reach them via email using this address ([email protected]) and via phone on +44 20 35 140 756 for client enquiries or +372 6309 306 for trading desk. Apart from the mentioned options, the last means you can reach them is through the feedback form where you will leave your details and inquiries on a form and they will get back to you through the email or phone.
The customer service personnel are professional and have a fast response time to queries. In fact they even troubleshoot MT4 and MT4 Supreme Edition related queries through remote support.
Admiral Markets UK Ltd is a broker that has meet all the standards that pertains to fair and secure online trading. The broker is reliable for both novice and experienced traders. The wide choice of accounts and the low spread and commissions are an attraction to traders who are cautious of their every penny. What’s more intriguing about this broker is that its website is rich in content, even there is an education section where traders are able to learn about derivatives trading. The website has a nice user friendly interface making it easy to navigate in between menus.
Admiral Markets FAQ
The following are the common questions that are asked about Admiral Markets trading service.
Where is Admiral Markets UK Ltd located?
The head office is located 16 St. Clare Street, London, EC3N 1LQ, United Kingdom.
Is Admiral Markets UK Ltd regulated?
Yes, it is regulated by UK FCA under registration number 595450.
How do I deposit money to Admiral Markets UK Ltd
You can deposit money to admiral markets through the following methods bank wire, klarna, visa, MasterCard, Skrill, Neteller, Banklink and Przelewy.
How do I withdraw money from Admiral Markets UK Ltd
You can withdraw your money through the following method; bank wire, ewallets and credit cards.
Does Admiral Markets UK Ltd allow MetaTrader?
Yes, it supports both MT4 and MT5.
Can I trade using my phone, iPad or tablet?
Yes, Admiral Markets UK Ltd allows for mobile trading through the downloadable MT4 platform. The mobile MT4 is compatible for both android and IOs devices.