83% of retail investor accounts lose money when trading CFDs with this provider
Like most brokers, Admiral Markets takes a fee from the spread, which is the difference between the buy and sell price of an instrument.
The commisions and spreads displayed below are based on the minimum spreads listed on Admiral Markets’s website. The colour bars show how competitive Admiral Markets's spreads are in comparison to other popular brokers featured on BrokerNotes.
|EUR/USD (Average: 0.7 pips)||0.1 pips||0.7 pips||0.1 pips|
|GBP/USD (Average: 1.1 pips)||0.1 pips||1.7 pips||0.1 pips|
|USD/JPY (Average: 1.1 pips)||0.1 pips||0.6 pips||0.1 pips|
|AUD/USD (Average: 0.8 pips)||0.1 pips||0.6 pips||0.2 pips|
|USD/CHF (Average: 2.3 pips)||0.1 pips||2.3 pips||0.2 pips|
|USD/CAD (Average: 2.9 pips)||0.1 pips||0.5 pips||0.3 pips|
|NZD/USD (Average: 3.6 pips)||0.1 pips||2.8 pips||0.3 pips|
|EUR/GBP (Average: 2.4 pips)||0.3 pips||0.5 pips||0.1 pips|
Spreads are dynamic and are for informational purposes only.
As you can see, Admiral Markets’s minimum spread for trading EUR/USD is 0.1 pips - which is relatively low compared to average EUR/USD spread of 0.70 pips. Below is a breakdown of how much it would cost you to trade one lot of EUR/USD with Admiral Markets vs. similar brokers.See all Spreads
If you were to buy one standard lot of EUR/USD (100k units) with Admiral Markets at an exchange rate of 1.1719 and then sell it the next day at the same price you would likely pay $9.48. Here’s a rough breakdown of the fees and how this compares against XTB & AvaTrade .
|Spread from:||$ 1.00||$ 2.00||$ 7.00|
|Total cost of a 100k trade:||$ 1.00||$ 2.00||$ 7.00|
|$1 more||$6 more|
|Visit Admiral||Visit XTB||Visit AvaTrade|
All fees/prices are for informational purposes and are subject to change.
Admiral Markets offers over 4000 different instruments to trade, including over 47 currency pairs. We’ve summarised all of the different types of instruments offered by Admiral Markets below, along with the instruments offered by XTB and AvaTrade for comparison.
|FX / Currencies||Admiral||XTB||AvaTrade|
|# of forex pairs offered||47||48||59|
|Major forex pairs||Yes||Yes||Yes|
|Minor forex pairs||Yes||Yes||Yes|
|Exotic forex pairs||Yes||Yes||Yes|
|Commodity CFDs||Admiral Markets||XTB||AvaTrade|
|# of commodities offered||15||21||16|
|Index & Stock CFDs||Admiral Markets||XTB||AvaTrade|
|# of stocks offered||3000||1606||99|
|See Admiral's Instruments||See XTB's Instruments||See AvaTrade's Instruments|
Admiral Markets is one of the few brokers that offer both of the MetaTrader platforms; MT4 and MT5. To see how the two platforms compare, you can read our comparison of MT4 vs MT5 here. The combination of downloadable platforms for both Mac and Windows allows traders to trade with their device of choice.
Admiral Markets also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you are on the move.See Admiral's platforms
Admiral Markets allows you to execute a minimum trade of 0.01 Lot. This may vary depending on the account you open. Admiral Markets allows you to execute a maximum trade of 200 Lot. As Admiral Markets offer ECN and STP execution, you can expect very tight spreads with more transparency over the price you’re paying to execute your trades.
As with most brokers, margin requirements do vary depending on the trader, accounts and instruments. You can see the latest margin requirements on their website.
Finally, we’ve listed some of the popular funding methods that Admiral Markets offers its traders below.
Admiral Markets support a wide range of languages including English, Spanish, Hungarian, Bulgarian, Czech, German, Dutch, French, Estonian, French, Greek, Latvian, Lithuanian, Moldovian, Croatian, Slovenian, Polish, Russian, Serbian, Romanian, Ukrainian, and Croatian.
Admiral Markets has a BrokerNotes triple AAA support rating because they offer a wide range of languages and support options.
As Admiral Markets is regulated by Financial Conduct Authority, CySEC , every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you’ll likely be asked for the following, so it’s good to have these handy:
You’ll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it’s best to put aside at least 10 minutes or so to complete the account opening process.
While you might be able to explore Admiral Markets’s platform straight away, it’s important to note that you won’t be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.
To start the process of opening an account with Admiral Markets you can visit their website here.
CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you’re prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://admiralmarkets.com/ on 01/08/2020.