Admiral Markets Forex Trading Platform Review 2021 – Important Facts and Findings

James Harrison
admiral-markets-forex-trading-review

Admiral Markets UK ltd is an international broker. The firm has established itself as an award-winning broker which offers a variety of platforms and advanced trading tools for its clients to choose from. The firm has strategically placed its physical servers adjacent to some of the most major liquidity providers. This helps in ensuring fast execution speeds and lowest possible latency.

In addition to being highly regulated, Admiral Markets UK ltd operates on a transparent model, further enhancing customer loyalty. The firm aims to provide services that are aligned with the most high-end technological updates and clients are given a wide variety of research and educational tools that assist them in the trading process. The firm also offers timely services, with 90% of orders being carried out within 90 milliseconds or less. In addition to the educational and research tools, the firm also provides clients with financial reports that enable clients to have a more comprehensive approach towards trading.

In this review, we will be going through all the aspects of trading through Admiral Markets UK ltd including trading tools, platforms, transactions, regulations, and pricing. 

ADMIRAL MARKETS UK LTD OVERVIEW:

  • More than 8000 markets available for trading purposes
  • Top trading conditions
  • Fast execution of orders
  • Security of funds
  • Free premium analytics

COMPANY PROFILEADMIRAL MARKETS UK LTD:

Admiral Markets UK ltd is one of the leading trading service providers. Established in 2001, the firm has grown with time and is not considered to be one of the most credible and reliable options due to its compliance with multiple regulatory bodies. The firm provides access to multiple trading markets that include Forex, Commodities, Indices, Stocks, ETFs, Cryptocurrency, Shares, Metals, Energies, Bonds and CDFs.

The firm’s reputation revolves around good quality services, high security of investments and financial stability. The firm is regulated in various countries and offers volatility protections, in addition to its negative balance protection and compensation scheme. The firm has employed external auditors in an attempt to ensure that all trading and financial activities are carried out within the legal limit. As a testament to its high-quality services, the firm won the best CFD broker award in 2016, 2018 and 2019 and the best Forex broker award in 2015, 2016, 2017 and 2018. In addition to the awards rewarded to the firm’s trading services, the firm also received an award in 2019 for offering the best forex platform.

ADMIRAL MARKETS UK LTD REGULATIONS:

Admiral Markets UK ltd is strictly regulated by various authorities in multiple jurisdictions. The company ensures the safety of its trading activities and its clients through efficient customer care policies in addition to their strong security.

Admiral Markets UK ltd is regulated by one of the top-tier regulatory bodies in the UK, Financial Conduct Authority (FCA) and the relationship with clients should be in compliance with the FCA CASS rules. In Cyprus, the Cyprus Securities and Exchange Commission (CySEC) is responsible for monitoring the activities of the firm.

The firm has been issued a license by the Estonian Financial Supervision Authority (EFSA) and the Australian Securities and Investments Commission (ASIC) in Australia, to authorize the firm to carry out trading activities.

Admiral Markets UK ltd uses the Financial Services Compensation Scheme (FSCS) to provide extra protection to its clients and provides them with safety for up to £50,000. In addition to the FSCS, the firm provides negative balance protection to its clients. Therefore, it is safe to conclude that the interests of the clients are protected by the firm and the firm operates within the legal limits.

ADMIRAL MARKETS UK LTD TRADING PLATFORMS:

Admiral Markets UK ltd offers the MetaTrader platforms to its clients with some premium features available for the convenience of clients. Using the industry standard platform means that all trading activities that are carried out are up to the mark.

1. METATRADER 4 AND 5

The MT4 and MT5 platforms allows for forex and CFD trading and provides clients with multiple trading tools, financial analysis, reporting tools, financial indicators and various other features that can be customized. This is extremely beneficial for clients who want to understand market trends and have all the relevant information before making any informed trading decisions.

The MT4 and MT5 platforms are compatible with android and iOS and can therefore be installed or downloaded in almost all gadgets. For clients who are looking for an alternative to downloading the software, they can opt for the web-based version of the MT4 and MT5 platform.

The MetaTrader 4 and 5 are accompanied by the MetaTrader WebTrader and MetaTrader Supreme edition that further enhance the clients experience and allows them to tackle more issues.

ADMIRAL MARKETS UK LTD DEMO ACCOUNT

Admiral Markets UK ltd does have the option of a demo account. The main purpose of this demo account is to allow clients to get an experience beforehand so that they don’t feel clueless in the real trading world. Admiral Markets UK ltd’s demo trading account allows clients to trade on the go by making the account and its features compatible with all devices. The simulation provided through the demo account gives clients a very real-life version of the market, thus giving them some live market experience before they dive into it.

This demo account also provides clients with free data about the market and real-time news. This demo account is available for a total of 30 days, after which the account expires and the clients can then transfer to a live trading account.

ADMIRAL MARKETS UK LTD DEPOSITS AND WITHDRAWALS:

Admiral markets UK ltd does not enforce any fees for deposits or withdrawals, with the exception of a few intermediaries that have their own charges. There are several ways through which clients can deposit or withdraw money. They are as follows:

  • Bank transfer
  • Visa
  • Skrill
  • Klarna
  • Neteller
  • IDEAL
  • Przelewy
  • Credit card
  • Debit card

ACCOUNT CURRENCIES SUPPORTED BY ADMIRAL MARKETS UK LTD:

Admiral Markets UK ltd supports various currencies in order to facilitate its diverse client base.

  • EUR
  • USD
  • GBP
  • CHF
  • AUD
  • BGN
  • CZK
  • HRK
  • HUF
  • NOK
  • PLN
  • RON
  • RUB
  • SEK
  • SGD

ADMIRAL MARKETS UK LTD FEES AND COMISSION:

Admiral Markets UK ltd offers a total of four different accounts, 2 MT4 and 2 MT5 accounts, for its customers and the fee charged on each account is different. One added advantage of using Admiral Markets UK ltd for trading means that there are no commission charges in most cases. However, since there is no commission that needs to be paid, this means that the trading fee isn’t the lowest in the market.

1. TRADING FEE:

The MT4 account, Admiral Markets Account, has spreads starting from 0.5 pips and offers clients with a 1:500 leverage. This account also requires clients to make a deposit of at least $200 in order to activate the account. The second MT4 account, Admiral Prime, also has the same requirement for funds that need to be deposited for activation. Unlike the Admiral Markets Account, the Admiral Prime account charges a commission of $3 per trade and has spreads starting from 0 pips. The leverage, however, is the same as the Admiral Markets Account.

The first MT5 account, known as Admiral Invest, requires a bare minimum deposit of $1 and has spreads starting from as low as 0 pips. The Admiral Invest account requires clients to pay a commission on trading, however these commission charges are not very high and are within the market competitive range. Admiral MT5 is the second MT5 account that Admiral Markets UK ltd offers its clients. This account gives clients an average of 1:500, like all the other accounts and the minimum deposit requirement is the same as the MT4 accounts.

2. NON-TRADING FEE:

Admiral Markets UK ltd has a wide variety of channels through which they accept withdrawals and deposits. However, not all methods are free and require some commission or fee charges. For instance, transactions made through Neteller and Skrill charge a transaction fee of 0.9% minimum.

3. INACTIVITY FEE:

The firm has a policy that dictates all dormant accounts to be marked as inactive. This means that accounts that haven’t been used for over 24 months and haven’t held any open-positions in the same duration, are marked as inactive. Clients that own these inactive accounts are charged a 10 EUR inactivity fee per month.

PROS:

  • MetaTrader 4 and 5 platform are available with regular updates
  • Volatility protection
  • Strict regulation
  • Funds are stored in segregated accounts
  • Negative balance protection
  • Advanced trading tools
  • Commission free accounts

CONS:

  • Cash back option is only available for professional clients
  • Customer service isn’t ideal
  • Services aren’t extended to clients in the US
  • No fixed spreads
  • Minimum deposit of $200 is required for account activation

CONCLUSION: SHOULD YOU TRADE WITH ADMIRAL MARKETS UK LTD?

Since Admiral Markets UK ltd has established itself a credible brokerage for retail purposes, it is safe to conclude that it is an excellent choice for clients who are look for a reliable trading platform. The firm’s capability to align itself with technological developments has caused it to grow into a massive company with both, physical and virtual presence. The firm ensures that the portfolios of clients are managed in a competitively priced environment for trading purposes. In addition to all of this, the firm offers an exceptional asset selection that opens gates for cross-asset diversification. There is a wide research incorporated into the firm’s operations through its third-party services and in-house generated analytics. If a client is starting at an amateur level, the website has excellent educational programs available thus its ideal for not just experts.

ADMIRAL MARKETS UK LTD FREQUENTLY ASKED QUESTIONS:

1. What tools are required for forex trading?

A demo or live account, an internet connection and a device through which trading can take place.

2. Does Admiral Markets UK ltd conduct training sessions?

Yes, training sessions and seminars are conducted on a regular basis for free.

3. Can clients have both retail and professional accounts?

No. Even though Admiral Markets UK ltd does offer retail and professional accounts, clients can only have one at a time.

4. Can clients upgrade their existing accounts to Admiral Markets Pro accounts?

Yes, clients can apply for an upgrade and their request will be approved if they are eligible.

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