Admirals (Admiral Markets EU) Review 2024

Last updated Mar 1, 2024
Логотип Admirals EU
4.2/5
73% of retail investors lose money when trading CFDs with this broker
Nikolay Zavarov - Author
Nikolay Zavarov
Author
Andrey Bondarenko - Editor
Andrey Bondarenko
Editor

In the modern world of Forex trading, choosing the right broker is a pivotal moment for conducting business successfully. Recently renamed Admirals, the broker Admiral Markets has held high positions on the global Forex brokers' stage for many years. But what exactly makes this company so appealing to traders? And can you trust it with your funds?

This article will thoroughly review Admirals, exploring its key features, unique aspects, and services offered to traders. We will also assess the reliability and transparency of the company's operations so you can make an informed decision on whether to work with this broker. Join us in this exploration to learn more about the Admirals company and its offerings in Forex trading.

Admirals Broker Overview

Foundation Year2001
Official Websitehttps://admiralmarkets.com
Regulated in CountriesCyprus, Jordan, United Kingdom, Estonia, Australia, South Africa, Kenya, SeychellesMore Details
Minimum Deposit
  • 1 EUR
Spreadfrom 0 points
Max Leverage1:30
Trading Assets
  • Forex
  • Indices
  • Precious Metals
  • Energy Carriers
  • Cryptocurrency
  • Stocks
  • ETF
  • Agricultural Commodities
  • Bonds
Trading Platforms
  • MetaTrader 4
  • MetaTrader 5
Email Support
  • global@admiralmarkets.com
Hotline Phones
Social Media

The Admiral Markets Group has provided clients with online trading services in Forex and CFDs on indices, stocks, and futures contracts for 13 years. The broker's representations can be found in 40 countries around the world.

The official website is available to users in 25 languages, including English, Arabic, Chinese, Spanish, Polish, Russian, and others.

Admirals Review Summary

Our evaluations in the Admirals broker review are based on a transparent and detailed methodology developed by our team of experts. This methodology encompasses many aspects, ranging from regulation and security to the broker's offered products, educational resources, quality of support, and much more.

We aim to provide you with the most comprehensive and up-to-date information to assist you in making an informed decision when choosing a broker. However, remember that it is always essential to conduct your research, as trading involves risk, and your investments can increase and decrease in value.

We hope that the information in this review will be helpful to you. Continue reading to learn more about the Admirals broker.

Reliability and Regulation

Rating:5/5
Legal EntityRegulatorReview
Current review
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Admirals is regulated by several leading regulators around the world, including CySEC (Cyprus), FCA (United Kingdom), and ASIC (Australia). This indicates that the company strictly adheres to international standards and regulatory requirements.

The segregation of client funds is a critical factor that ensures clients' funds are kept separate from the company's operational funds. This serves as an additional protection of clients' interests.

Additionally, Admirals offers further protection to its European clients through the Investor Compensation Fund (ICF) established by CySEC. This fund is specifically designed to provide an added layer of security, offering compensation to eligible clients in the unlikely event of the company's failure. The ICF assures European clients that they are eligible for compensation up to €20,000, further showcasing Admirals' commitment to client asset protection and adherence to rigorous regulatory standards.

Account Opening

Rating:5/5

The simplicity of registration on Admirals and the low minimum deposit make the account opening process convenient and accessible for traders of all levels.

Registration

One should go through the client's area registration process before opening an account and working with an Admirals broker. You manage your account through this area, including depositing and withdrawing funds, participating in promotions, downloading software, and much more. The registration requires just a few details:

  • Country of residence,
  • Email address,
  • Phone number,
  • Password.
Admirals register form
Admirals register form

The information provided must match the identity documents for verification purposes; otherwise, you cannot go through the verification process to fully use the broker's services, including the withdrawal of profits.

Minimum Deposit

One of the essential aspects to consider when choosing a Forex broker is the minimum deposit size. At Admirals, this figure is only 100 euros, which makes access to the company's trading platforms possible even for beginner traders with limited capital.

Account Types

Rating:3.3/5

Admirals offers a broad range of accounts that can satisfy the needs of most traders.

However, the absence of cent accounts and accounts with fixed spreads may be a barrier for some traders, particularly beginners or those who prefer to know the spread size in advance.

Trading Accounts

The following trading accounts are available on Admirals:

Zero.MT4Zero.MT5Trade.MT4Trade.MT5Invest.MT5
Account CurrencyEUR, USD, GBP, CHF, BGN, CZK, HRK, HUF, PLN, RONEUR, USD
Minimum Deposit100 1
Trading PlatformsMetaTrader 4MetaTrader 5MetaTrader 4MetaTrader 5
Spreadfloatingfrom 0 pipsfor EURUSD~ 0.1 pipsfloatingfrom 0.5 pipsfor EURUSD~ 1.2 pipsfloatingfrom 0 pips
Commission per Tradeper 1 lot3 $per 1 lot0.02 $
Trading AssetsForexIndicesPrecious MetalsEnergy CarriersForexIndicesCryptocurrencyStocksPrecious MetalsEnergy CarriersForexIndicesCryptocurrencyStocksETFPrecious MetalsEnergy CarriersAgricultural CommoditiesBondsStocksETF
Opened Positionsup to 200up to 500up to 200up to 500
Leverage1:1-1:301:3-1:301:1-1:301:1
Margin Call / Stop Out100% / 50%— / —
Order ExecutionSTPDMA
Demo Account
Islamic Account
RegisterRegisterRegisterRegisterRegister
  • The Trade account suits most traders, offering the most comprehensive range of trading instruments, including currency pairs, CFDs on cryptocurrencies, metals, energy carriers, indices, stocks, and ETFs.

  • The Invest account is ideal for those who prefer to invest in stocks and ETFs, featuring over 3000 stocks and more than 300 ETFs.

  • The Zero account suits traders looking for minimal spreads with a small commission per trade. It includes currency pairs and CFDs on metals, indices, and energy carriers.

Demo Account

To test one's knowledge in online trading without risking capital, one can start trading on a demo account from Admirals. This practice account allows you to change currency pairs, CFDs on stocks, and indices in real-time, but without funding the account.

The broker provides 10,000 virtual euros for testing purposes. The demo account is valid for 30 days.

Islamic Account

The Islamic account at Admirals is designed explicitly for traders following the principles of Islam. It provides a full opportunity to trade Forex without violating religious principles. This is achieved by the absence of additional commissions charged or debited when trading CFDs on currency pairs, indices, raw materials, stocks, and ETFs.

The trading conditions on the Islamic account are identical to the standard Trade.MT5 account, including low spreads, fast execution of trades, and access to all trading instruments without any restrictions.

A vital feature of the Islamic account is the absence of swaps: no commission is charged or debited for carrying over open positions to the next trading day. Instead, a fixed account maintenance commission is charged for trades open for more than 3 days (1 day for exotic currency pairs). This allows traders to trade confidently, knowing their trading complies with Sharia principles.

VPS

Admirals offers its clients the option of using a Virtual Private Server (VPS). This service allows traders to take full advantage of the powerful trading platforms MetaTrader 4 and 5 Supreme Edition.

A unique feature of the Admirals VPS is that the first month of service is free (certain conditions apply). This provides new users an excellent opportunity to experience all the benefits of using a VPS in trading without any financial risk.

How to get a VPS from Admirals?

  1. Register by providing your name and email address.
  2. You must have a minimum of 5000 euros on your real trading account.
  3. After this, you will receive login details for the VPS and can start using it.

Commissions

Rating:3/5

Admirals' commissions can be considered average for the market. The commission per trade, spreads and swaps are pretty competitive. However, some additional fees, such as the inactivity fee or fees for internal transfers, may be significant in certain situations.

Trading Fees

Trading fees include the commission per trade and spreads with swaps.

Commission per Trade

For Zero accounts, the broker charges a commission of $3 per lot, an average fee in the market reflecting standard trading conditions.

Below is the commission per lot for the EUR/USD pair at different Forex brokers:

BrokerIC Markets EURaw SpreadPepperstone EURazorAdmirals EUZero.MT5FxPro EUcTrader
Commission per lot$3.5$3.5$3$3.78

Spreads and Swaps

On Trade accounts, the typical spread for the EUR/USD pair is 0.8 pips, which is relatively low. However, Admirals swaps are quite high compared to other brokers.

AssetAverage spreadSwap longSwap short
AUDUSD1.0 pips-5.52 pips0.62 pips
EURUSD0.8 pips-8.42 pips0.70 pips
GBPUSD1.0 pips-4.88 pips-2.99 pips
NZDUSD1.9 pips-1.68 pips-2.61 pips
USDCAD1.6 pips-3.17 pips-4.16 pips
USDCHF1.2 pips1.22 pips-8.06 pips
USDJPY1.0 pips8.19 pips-28.23 pips

Withdrawal Fee

Regarding fund withdrawals, one request per month is processed without a commission, after which a fee of 1% is charged.

Inactivity Fee

Accounts with no transactions for 24 months and no open positions are subject to an inactivity fee of 10 EUR per month. This is charged only if the account balance is positive.

Other Fees

Admirals also charges a fee for internal transfers, which depends on the base currency of the accounts and the type of transfer, and a currency conversion fee of 0.3%. This fee is applied when dealing with stocks, ETFs, CFDs on stocks, and CFDs on ETFs quoted in currencies other than the base currency of your account.

Deposit and Withdrawal

Rating:4/5

Admirals provides many accessible methods for depositing and withdrawing funds, including popular payment systems. This ensures convenience and flexibility for clients.

Also, deposit and withdrawal fees are often absent or minimal, which is a significant advantage for traders.

Deposit Methods

Payment SystemCurrenciesDeposit FeeOperation Limit
SkrillSkrill
USDEURGBP
0%
from 25 to 100000 USDfrom 25 to 100000 EURfrom 25 to 100000 GBP
KlarnaKlarna
USDEURGBP
0%
from 25 to 100000 USDfrom 25 to 100000 EURfrom 25 to 100000 GBP
SwiftSwift
USDEURGBP
0%
VisaVisa
USDEURGBP
0%
from 25 to 150000 USDfrom 25 to 150000 EUR
MastercardMastercard
USDEURGBP
0%
from 25 to 150000 USDfrom 25 to 150000 EUR

There is no deposit fee for any method.

Withdrawal Methods

Payment SystemCurrenciesWithdrawal FeeOperation Limit
SkrillSkrill
USDEURGBP
0%
from 1 to 100000 USDfrom 1 to 100000 EURfrom 1 to 100000 GBP
SwiftSwift
USDEURGBP
0%
VisaVisa
USDEURGBP
0%
from 1 to 150000 USDfrom 1 to 150000 EUR
MastercardMastercard
USDEURGBP
0%
from 1 to 150000 USDfrom 1 to 150000 EUR

Admirals allows for one commission-free withdrawal per month. Subsequent withdrawals incur a commission of 1%.

Withdrawal requests are processed by the broker on the same working day if received before 17:00. Otherwise, the request is processed on the next working day.

Markets and Products

Rating:5/5

Admirals offers a relatively wide range of products for trading and investing.

Available Markets

The following CFDs are available for trading on Admirals:

  • 83 currency pairs;
  • 28 commodities;
  • 43 indices;
  • 3400+ stocks from the US, UK, Europe, Australia, and Japan;
  • 360+ ETFs;
  • 42 cryptocurrency pairs;
  • 2 bonds.

Stocks and ETFs

At Admirals Broker, you can trade and invest in US stocks.

Stocks are available from the following exchanges:

  • AMEX
  • NASDAQ
  • NYSE

When purchasing stocks, the commission is 0.02 USD per share, with a minimum of 1 USD per transaction. The broker offers its clients one free transaction every day.

Margin Requirements

The margin requirements on Admirals depend on the type of traded instrument and the nominal value of the position.

Trading InstrumentMax. Leverage for Retail TradersMax. Leverage for Pro Traders
Forex
1:30
1:500
Precious Metals
1:20
1:500
Energy Carriers
1:10
1:100
Agricultural Commodities
1:10
1:50
Indices
1:20
1:50
Stocks
1:5
1:20
ETF
1:5
1:20
Bonds
1:5
1:20
Cryptocurrency
1:2
1:20

Trading Platforms

Rating:4.7/5

Admirals boasts the two most popular and influential trading platforms - MetaTrader 4 and MetaTrader 5, providing a wide array of features and flexibility for traders of all levels.

The Admirals mobile app features an intuitive interface, offers all the essential functionalities, including real-time operations, and allows users to trade on the go.

However, the lack of additional unique platforms might be a downside for some traders searching for specialized or innovative solutions.

MetaTrader 4 and 5

Admirals provides access to the MetaTrader 4 and MetaTrader 5 platforms, which are global leaders in online trading. These platforms are well-suited for beginners and experienced traders thanks to their advanced features, including various technical analysis tools, flexible trading system settings, and algorithmic trading capabilities.

Admirals MT5 WebTrader
Admirals MT5 WebTrader

Admirals Mobile App

The Admirals mobile app is an excellent complement to the website, allowing trade on the go while staying updated with all market changes.

EURUSD chart in Admirals mobile app
EURUSD chart in Admirals mobile app

Its user-friendly interface, the capability to execute operations in real time, and features for managing open positions make this trading tool convenient and reliable for all users.

Monitoring of open positions in Admirals application
Monitoring of open positions in Admirals application

Moreover, the app provides all the essential functions, including the ability to scan credit cards and documents for quick account funding.

Admirals Invest

The asset management platform from broker Admirals represents a cutting-edge, innovative platform developed in collaboration with Finexware. This service is specifically designed for professional asset managers and small hedge funds that require a flexible and secure system for interacting with their investors.

The Admirals and Finexware asset management platform enables asset managers to use their professionally developed platform to manage assets. It offers the flexibility to configure various payout models, including performance-based, management, and subscription fees, while automating periodic payments.

Furthermore, asset managers can provide their investors high-quality service featuring convenient and transparent data visualization. They are granted access to high liquidity from Admirals, including over 2700 of the most popular trading instruments such as stocks, ETFs, and CFDs.

Admirals Invest
Admirals Invest

On the other hand, investors gain access to an intuitive platform with superior data visualization and detailed portfolio characteristics. They can flexibly manage settings and risk limits, follow any of the manager's strategies considering their risk parameters, and build a portfolio from different strategies.

It is important to note that the asset management service is distinct from the Copy Trading service. Asset management involves complete account management by the manager, while in Copy Trading, subscribers can trade independently and modify or close copied orders.

To become an asset manager on the Admirals platform, potential candidates must submit relevant documents that confirm their experience and qualifications. Admirals and Finexware then assess whether the candidate meets all the requirements.

Analytics

Rating:5/5

The broker provides an impressive volume of well-structured information about the markets in the analytics section. One can find reviews and forecasts in fundamental, technical, and wave analysis, an economic calendar, and currency exchange rates with spreads for different account types.

One can also discover market sentiment statistics and insights on major financial and economic news and trading schedules.

Economic Calendar

The Admirals economic calendar is a powerful tool for forecasting market trends. It enables traders to track crucial economic events and their impact on financial markets, significantly aiding in developing trading strategies.

Admirals Economic Calendar
Admirals Economic Calendar

Trading News

Admirals’ trading news informs traders of the latest market changes, from major corporate mergers to central bank policies.

Such timely updates allow traders to quickly adapt to changing market conditions.

Admirals Trading News
Admirals Trading News

Weekly Podcasts

The weekly podcasts from Admirals are an excellent way to learn about the latest market news and upcoming significant events. These podcasts also offer helpful trading and investing tips, making them a valuable resource for traders at all experience levels.

Admirals Weekly Podcasts
Admirals Weekly Podcasts

Technical and Fundamental Analysis

Admirals provides detailed technical and fundamental analysis to help traders understand current market trends. This section includes daily analytical reviews from a team of professional traders, the search for statistical patterns in price changes, and the analysis of macroeconomic data that can affect the value of investments.

Education

Rating:5/5

Admirals offers a broad range of educational materials to enhance the trading skills of its clients.

Webinars and Seminars

Admirals regularly conducts free webinars and seminars on Forex and CFD trading. These educational sessions cover everything from trading fundamentals to more complex topics such as technical and fundamental analysis, indicators, risk management, and the development of trading strategies.

Admirals Webinars
Admirals Webinars

Articles and Tutorials

The Admirals website hosts a vast collection of articles and guides on Forex and CFD trading that are accessible to traders of different levels. These materials include various trading and psychological techniques, market analysis tips, and more.

Admirals Tutorials
Admirals Tutorials

E-Book

The co-founder and president of the international group of companies Admirals, Alexander Tsikhilov, is the author of the book "Blockchain: Principles and Basics." This book demystifies the complex concepts of blockchain technology in an understandable language and can be helpful to a wide range of readers, regardless of their technical or financial education.

Admirals E-book
Admirals E-book

Courses

Zero to Hero

The Zero to Hero course offers an accelerated learning journey in Forex trading. Designed to transform beginners into knowledgeable traders in just 20 days, this course is structured from basic set-up to actual trade execution. Hosted by professional trading coaches Chris Svorcik and Nenad Kerkez, the lessons are concise, fitting easily into busy schedules. The course begins with foundational technical and fundamental analysis knowledge, progressively moving towards implementing trading techniques in real-time market conditions. It emphasizes the development of a trader’s attitude, mindset, and the necessary tools to become a confident Forex trader.

Admirals Zero to Hero course
Admirals Zero to Hero course

Forex 101 - The Forex and CFD Trading Course

Forex 101 is a comprehensive, free online course designed to improve your Forex and CFD trading game. This three-step program is structured to impart all the essential knowledge needed to commence trading. Available in 18 languages, the course includes 9 online lessons, each accompanied by detailed notes and a quiz to reinforce learning. Crafted and delivered by two leading industry experts, each lesson focuses on a crucial trading topic, allowing learners to gain insights from professional traders.

The course is highly accessible, with the first three lessons available for free. A demo trading account is provided to unlock the rest of the course and apply the learned knowledge. This flexibility allows learners to train anytime and anywhere, during a commute, at a café, or after work. With all lessons available online, it's easy for individuals to integrate this valuable learning experience into their daily lives.

Admirals Forex 101 course
Admirals Forex 101 course

Customer Support

Rating:3.5/5

Admirals provides various communication channels, including email, phone, a feedback form, live chat, and a unique remote support service for technical issues. Despite rapid and constructive interaction, meaningful information about the support service's working hours is missing from the website. Moreover, some users in reviews on various resources note that support can be pushy and not always professional in their responses.

How to Contact Support?

You can contact Admirals technical support:

Admirals also provides local support throughout Europe. Here are the contacts depending on the country:

Country

Supported Languages

Phone

Email

Bulgaria

Bg, En

+359 249 286 50

bulgaria@admiralmarkets.com

Croatia

Hr, En

+385 1 8848 017

croatia@admiralmarkets.com

Cyprus

En, Gr

+357 22 222046

global@admiralmarkets.com

Czech Republic

Cz, En, Ru

+42 0211150 200

czech@admiralmarkets.com

Denmark

Da

-

denmark@admiralmarkets.com

Estonia

Ee, En, Ru

+372 6 309 303 (Ee)

+44 20 8157 7344 (En)

+995706070337 (Ru)

estonia@admiralmarkets.com

France

Fr, En, Ru

+33 1 87 65 33 32

france@admiralmarkets.com

Germany

De, Es, En, Ru

+49 30 2574 1955

info@admiralmarkets.de

Hungary

Hu, En

+36 1 808 8271

hungary@admiralmarkets.com

Italy

It, En

+39 04 1852 0038

italy@admiralmarkets.com

Latvia

Lv, En

+371 6610 2311

latvia@admiralmarkets.com

Lithuania

Lt, En, Ru

+370 5 210 4841

lithuania@admiralmarkets.com

Netherlands

Nl, En

+31 85 8880 467

netherlands@admiralmarkets.com

Poland

Pl, En, Ru

+48 22 104 42 92

poland@admiralmarkets.com

Portugal

Pt, En

+351 308 807 038

portugal@admiralmarkets.com

Romania

Ro, En

+40 316 30 08 05

romania@admiralmarkets.com

Slovenia

Si, En

+386 1 600 93 72

slovenia@admiralmarkets.com

Spain

Es, En

+34 911 14 25 01

spain@admiralmarkets.com

Sweden

Se

+46 8420 02980

sweden@admiralmarkets.com

The broker offers remote support if a client has questions about the trading platform's operation. For this service, it is necessary to download and install special software on your device, which allows the technical support agent to see your desktop and promptly resolve any issues.

Admirals Pros and Cons

Advantages

  1. Regulation. Admirals is regulated by several leading financial authorities, including the FCA in the UK and CySEC in Cyprus, ensuring high reliability and security.

  2. Trading Fees. Trading commissions are set at a competitive level, making trading with Admirals cost-effective.

  3. Wide Range of Payment Methods. Clients can deposit and withdraw funds using various convenient payment methods, including bank transfers, credit/debit cards, and electronic wallets.

  4. Analytics. Admirals offers extensive analytical resources, including an economic calendar, trading news, weekly podcasts, and technical and fundamental analyses.

  5. Education. The broker provides a rich collection of educational materials, including webinars, articles, guides, and e-books.

Disadvantages

  1. High swaps. Long-term traders find it less profitable to trade on Admirals than on other platforms.

  2. Support. Although the support service provides multiple communication channels and quick responses, some users sometimes complain about its intrusiveness and note unprofessionalism. Additionally, information about the support service's working hours is missing from the Admirals website.

Conclusion

In conclusion, it can be said that the broker Admirals is suitable for a broad spectrum of traders. With its strict regulation, various account types, and a competent set of educational and analytical materials, this broker provides high-quality services for novice and experienced traders.

Beginners seeking detailed educational resources and support will undoubtedly appreciate this broker. Experienced traders will also find it beneficial due to competitive trading commissions, abundant tools for analysis and trading, and the convenience of the depositing and withdrawal process.

Forex and CFDs are complex products that are not suitable for everyone. They come with a high risk of losing money rapidly due to leverage. It would be best to consider whether you understand how CFDs work and whether you can afford to risk losing money.
Visit Admirals EU73% of retail investors lose money when trading CFDs with this broker
Nikolay Zavarov - Author
Nikolay ZavarovAuthor

Nikolay is an experienced specialist in financial markets and co-founder of IamForexTrader. He has been successfully trading Forex since 2014 and has been actively involved in the cryptocurrency market since 2017.

He develops investment strategies adaptable to any level of experience and has been actively investing in stocks, bonds and ETFs since 2018.

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