Connect with us

news

Admiral Markets Review for 2020: 8 Key Findigs & Ratings

Founded in 2001, Admiral Markets Group is a leading CFD and Forex broker, with presence in over 40 countries worldwide. Since its inception, it has developed a reputation as one of the industry’s most trusted, transparent and well-respected brokers. In this Admiral Markets review, we’ll be taking a look at everything you need to know…

admiral markets review

Founded in 2001, Admiral Markets Group is a leading CFD and Forex broker, with presence in over 40 countries worldwide. Since its inception, it has developed a reputation as one of the industry’s most trusted, transparent and well-respected brokers. In this Admiral Markets review, we’ll be taking a look at everything you need to know about this broker, including account types, what fees to expect, regulation, trading platforms on offer and more.

Strengths

  • Supports MetaTrader 4 and 5 (MT4/5)
  • Free demo account
  • Excellent customer service
  • Wide range of account types
  • Negative balance protection

Weaknesses

  • No deposits via PayPal
  • Demo account expires in 30 days
  • Trading commissions on some accounts

What can you trade?

£1
Min Deposit

Good
App Support

1:30
Max Leverage

Forex CFDs

Admiral Markets is a broker offering clients access to a wide variety of currency pairs, including majors, minors, and exotics. In total, there are 50 currency pairs to choose from:

Currencies Total Number
Exotic 22
Major 5
Minor 23/td>

Overall, traders are able to access a solid mix of currency pairs that is on-par with other leading brokers. Competitive leverage rate of up to 1:30 is available for Retail Clients (1:500 for professional clients), while Admiral Markets also provides several other unique features as part of its Forex trading accounts.

admiral markets forex spread

These include competitive spreads that start from 0 pips, no restrictions on stop distances, negative balance protection and super-fast order fulfilment that is executed within milliseconds. We particularly liked the negative balance protection feature, which helps traders minimise their volatility and market risk by preventing their accounts from sliding into a negative amount.

Admiral Markets prides itself on its customer-centric approach to trading and backs this up with a robust set of educational tools for traders of all levels. This includes webinars, seminars and a host of informative educational videos on Forex trading, as well as educational books and brochures.

Cryptocurrency CFDs

Cryptocurrency traders can also execute positions on 32 cryptocurrencies. This includes 22 Cryptocurrency Pairs with Fiat Currencies and 10 Cryptocurrency Cross Pairs with leverage of 1:2 available for Retail Clients and an ability to trade in any direction by going long or short on any cryptocurrency CFD. In addition to popular cryptocurrencies such as Bitcoin, Ethereum and Ripple, Admiral Markets also supports altcoins such as Dash, Ether and Stellar.

Commodity CFDs

With Admiral Markets, it’s possible to trade CFDs on the world’s most popular commodities including oil and gold with leverage up to 1:20 for Retail Clients and the ability to start trading with just 100 EUR. In addition, there are zero commission fees for traders, allowing you to save more on each trade. In total, there are 28 commodities to choose from, including:

  • Agriculture (7)
  • Commodity Futures (11)
  • Energies (4)
  • Metals (6)

Index CFDs

admiral markets index cfds

If you are focused on equity markets, then you can trade CFDs on 19 cash indices and 25 index futures, as well as over 3,700 individual stocks from a variety of markets around the world. There is zero commission involved and no minimum transaction size, while leverage is available up to 1:20.

ETF CFDs

As a retail trader, you can trade on 376 exchange-traded funds (ETFs) with USD-denominated ETF commissions at just $0.01 and a minimum trade size of $1. Competitive leverage rates of 1:5 are available and it is possible to earn dividends on long positions. Professional traders have access to over 500 ETFs.

Share CFDs

There are over 3,400 shares available to trade with Admiral Markets across a wide range of industry groups, from Communication Service to Utilities and everything in-between. All of the major stock exchanges are available, include the New York Stock Exchange (NYSE), London Stock Exchange (LSE) and Tokyo Stock Exchange (TSE). Leverage up to 1:5 is available for retail clients, along with the potential to earn dividends, no commission fees or minimum transaction levels.

£1
Min Deposit

Good
App Support

1:30
Max Leverage

Social trading at Admiral Markets currently consists of the broker’s support for the trading signals service offered by MT4 and MT5. This social trading feature provides you with access to a sizable associated community of experienced traders that use the platforms.

The company’s clients can follow the trades of others within the MT4/5 community and copy them on their account automatically. There are fees for this service, but they depend on a variety of criteria.

What did our traders think after reviewing the key criteria?

Clients will generally pay a modest dealing spread whenever they enter or exit a trading position, which is normal. Spreads are very competitive due to their STP model, which gives its clients direct market access.

There is no fee charged when opening an account. However, Admiral Markets does charge an inactivity fee of €10 per month if you have not made any transactions in the previous 24 months. You are also able to transfer money between accounts of the same base currency at no charge, but you will pay a 1% exchange fee to transfer funds to an account with different base currency.

The Admiral Markets and MT5 account types have no commission, but they do have a minimum spread that is 0.1 for EUR/USD for example. Deposits are generally free, but deposits via some e-wallets like Skrill, Neteller and SafetyPay incur fees. Most traders also get to make two free withdrawal requests each month via bank transfer, Skrill or Neteller, although some wire transfer withdrawals will involve modest charges, in addition to any bank fees you may incur.

Furthermore, unless you have an Islamic account, you may be charged rollovers or swaps. It will occur when holding a long position on the lower interest rate currency in a pair overnight. It is primarily a concern for traders who hold trades overnight.

Admiral Markets provides a free demo account to hone your trading skills, although it does expire in the rather short time of 30 days.

The website lists a set of four live trading accounts which are broken down by the MetaTrader platform you wish to use. These are as follows:

MetaTrader 5 MetaTrader 4
Trade.MT5 Trade.MT4
Invest.MT5
Zero.MT5 Zero.MT4

admiral markets account types

Let’s take a look at some of these trading accounts in a bit more detail:

MT4 Accounts

Trade.MT4 Zero.MT4
Minimum Deposit £100 £100
Leverage (Forex) Retail Clients: 1:30 – 1:20 Retail Clients: 1:30 – 1:20
Leverage (Indices) Retail Clients: 1:20 – 1:10 Retail Clients: 1:20 – 1:10
Spread From 0.5 From 0
Commissions Single Share & ETF CFDs – from 0.01 USD per share 4 other instruments – no commissions Forex & Metals – from 1.8 to 3.0 USD per 1.0 lots cash Indices – from 0.05 to 3.0 USD per 1.0 lots energies – 1 USD per 1.0 lots
Minimum Order Size (Forex), Lots 0.01 0.01
Hedging ✔️ ✔️

MT5 Accounts

Trade.MT5 Invest.MT5 Zero.MT5
Minimum Deposit £100 £1 £100
Leverage (Forex) Retail Clients: 1:30 – 1:20 Retail Clients: 1:30 – 1:20
Leverage (Indices) Retail Clients: 1:20 – 1:10 Retail Clients: 1:20 – 1:10
Spread From 0.5 From 0 From 0
Commissions Single Share & ETF CFDs – from 0.01 USD per share 4
Other instruments – no commissions
Stocks & ETFs – from 0.02 USD per share Forex & Metals – from 1.8 to 3.0 USD per 1.0 lots
Cash Indices – from 0.05 to 3.0 USD per 1.0 lots
Energies – 1 USD per 1.0 lots
Minimum Order Size (Forex), Lots 0.01 0.01
Hedging ✔️ ✔️ ✔️

When it comes to trading platforms, Admiral Markets is a MetaTrader-forward broker. It offers compatibility with the full suite of MetaTrader platforms, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5).

admiral markets platforms

Both trading platforms are available for download on Windows and OS X and are also available as a web-based client (MT WebTrader) that you can use in your browser. You can also download MT4 as an app for mobile trading on-the-go which is compatible with both iPhone and Android devices.

In addition, the MT4/5 platforms also have a free MetaTrader Supreme Edition plugin that extends the platform’s necessary capabilities and works on both live and demo accounts.

The official website is easy-to-read with black text on a white background. It has eye-catching imagery near the top and a bright blue menu bar that has links to essential areas of the site.

The site’s main menu bar includes tabs entitled: About Us, Start Trading, Products, Platforms, Analytics, Education and Partnership. There are also phone and language buttons in the upper right section of each website page. There are also log in and Create Account buttons to help you get started right away. The bottom of the pages contains social media links, as well as legal information.

The quality of the overall trading experience it provides to customers is reflected in the number of awards Admiral Markets has won over the years. The main priority for this broker is to help clients make better trading decisions and provide a seamless experience.

It achieves this through a large library of educational resources, including seminars, articles, how-to tutorials, e-books and trading videos. We especially liked the ‘Zero to Hero’ trading course, which helps new traders learn to trade in just 20 days.

admiral markets customer support

Admiral Markets provides its customers with the usual range of contact options on its website that you can use to contact the customer service team, including telephone, live chat (available 24/5) and an email contact form. A welcome albeit unusual customer support feature allows clients to drop by their offices in London to directly deal with issues. If you encounter any problems during the weekend, you can leave feedback or drop them a message over the weekend for when support resumes using the website form.

Admiral Markets offers traders plenty of payment methods, making deposits and withdrawals an incredibly straightforward and simple process. It offers many of the most popular deposit and withdrawal methods, including bank transfer, Visa and Mastercard, and Paypal.

In addition, it also supports e-wallets such as Neteller and Skrill and a host of lesser-known payment providers such as SafetyPay, Przelewy, Klarna  and iDEAL. To summarise, Admiral Markets offers more payment methods than many brokers and is almost certainly a market leader in this respect.

admiral market payment methods

  • Credit and debit card payments: Visa and MasterCard deposits are free and are processed instantaneously. Deposits have a minimum amount of £/€/$50, and there is a limit of £/€/$5,000 per transaction.
  • Bank wire transfer: Wire transfers can be sent to and from banks anywhere without a transaction minimum or limit. They are free for deposits, and you get two free withdrawals each month, although your bank may charge for such transactions. Processing times can be up to three business days.
  • E-wallets: supports Neteller and Skrill for deposits and withdrawals, but not PayPal. Transactions are instantaneous, but deposits incur a 0.9% charge. You also get two free withdrawals per month.

U.K. traders can make deposits directly in pounds sterling (GBP), as well as in USD, EUR, AUD, BGN, CHF, CZK, HRK, HUF, NOK, PLN, RON, RUB and SEK. Deposits made in other currencies that differ from your trading account’s base currency are converted to the base currency at prevailing exchange rates.

If you are considered a professional-client and are willing to deposit more than £15,000, then they will provide you with an offer to help make your trading conditions as competitive as possible. You just need to fill in a request form on their website to be considered for this promotional offer.

Another positive point is the company’s flexible onboarding policy. It makes it possible for traders to have accounts with more than one of their offices. Meaning that a UK-based retail trader looking to trade currency pairs might ordinarily be subject to a 30:1 leverage ratio if they trade through the FCA-regulated UK office, but if they open an account with the ASIC-regulated Australian office, then they could trade using 500:1 leverage.

Admiral Markets also offers useful analytics. These include fundamental and technical analysis reports, a trader’s blog, an economic calendar, a market sentiment indicator for major FX pairs and gold, and a market heat map that shows top moving assets.

When it comes to learning material, they provide considerable educational assistance for beginner traders. These include webinars and seminars, articles, tutorials, a risk management guide, a 21-day “Zero to Hero” trading course, and a forex 101 online course. You can also open a demo account to test your trading strategies.

The company also has several active and highly-popular social media accounts. The company’s busy Facebook Page presently has over 416,000 followers, while its Twitter account has almost 19,500 followers and 35,900 tweets. Its UK-focused YouTube channel has plenty of educational videos and an impressive 18,100 subscribers.

Admiral Markets is authorised and regulated by some of the world’s leading financial regulatory bodies, ensuring a safe trading experience for its clients:

These regulators require Admiral Markets to fully segregate traders’ accounts from company funds, adhere to strict anti-money laundering and capital requirements, comply with ‘know your client’ procedures, as well as a host of other stringent measures designed to protect traders.

In addition, traders in the United Kingdom are able to benefit from protection against defaults up to £85,000 through the Financial Services Compensation Scheme (FSCS). Protection of up to €20,000 is provided for traders in the E.U. through the Investor Compensation Fund (ICF) of Cyprus. All in all, FXTM should be considered a trustworthy and secure broker to open an account with.

admiral markets awards

Admiral Markets is the winner of 40+ global awards, making it one of the world’s most decorated brokers. Some of its accolades include:

  • Best Forex Platform: ADVFN International Financial Awards, 2019
  • Best CFD and Best Forex: Broker – Brokervergleich.de, 2015-2019
  • Broker of the Year: BrokerWahl, 2019
  • Best CFD Broker: The Deutsches Kundeninstitut, 2019
  • Fairest CFD Broker: Focus Money, 2019
  • Best Forex Broker: The Onlinebroker-Portal.de, 2019

It goes without saying that Admiral Markets is clearly a well-respected broker in the industry and a leading CFD provider that you can trust to deliver an excellent overall trading experience.

People who read this also read

Admiral Markets FAQs

No, Admiral Markets is not an ECN broker, they are a Market Making and STP broker. If you sign-up for the Invest.MT5 Account, your orders would be passed to an external gateway that is either connected to an exchange or a liquidity provider. You can trade in more than 400 FX pairs, over 4,300 publicly-listed companies and more than 200 ETFs on the Invest.MT5 Account.

Admiral Markets UK is the principal and Admiral Markets A.S., the sole liquidity provider for all CFD transactions carried out on its trading platforms via the Trade.MT5 and the Zero.MT5 Accounts. In other words, Admiral Markets is a market-making broker.  Admiral Markets pledges to carry out back to back transactions with the liquidity provider, thereby hedging all client transactions.

The Admiral Markets Group comprises subsidiaries offering online trading in over 8,000 CFD products across forex, stocks, commodities, indices, bonds, and cryptocurrencies. The subsidiaries are authorised and regulated by the FCA, CySEC, ASIC, EFSA, offer deep liquidity and high-speed order execution. You can open an account with a minimum deposit of $100/£100/€100 with some of the best trading conditions, all accessible on the MT4, MT5 platforms. So, yes, Admiral Markets is a good broker.

No, Admiral Markets does not offer spread-betting on its platforms. Instead, Admiral Markets offers OTC and exchange-traded products in forex, commodities, cryptocurrencies, shares, indices, ETFs and bonds. You can access all the products from the cutting edge supreme-edition of the MT4 and MT5 platforms.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% 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.

Continue Reading
Advertisement

news

RoboForex adding EOS Cryptocurrency

RoboForex adding EOS Cryptocurrency

RoboForex announced today adding EOS, a cryptocurrency which is now available for trading with the broker on both MT4 and MT5 platforms.

Roboforex added EOS CryptocurrencyCurrently, RoboForex clients have 7 crypto instruments to choose from.

RoboForex keeps expanding its crypto portfolio.

The latest addition is EOSUSD, which is already available to the clients through MT4 and MT5, alongside with six other crypto pairs:

BTCUSD, ETHUSD, BCHUSD, DSHUSD, LTCUSD, and XRPUSD.

The EOSUSD trading conditions are the following:

  • minimum lot size: 100,
  • minimum increment: 0.01,
  • leverage 5:1.

EOS is a cryptocurrency that was introduced in 2017 and is based on blockchain and smart contracts. Its key features are scalability, decentralized apps, and huge throughput (a few million transaction per second).

This is another step towards developing our crypto portfolio.

Our clients do value the flexibility and state of the art technologies we offer them As for us, our mission is meeting their expectations and constantly improving the trading conditions by opening the door to new instruments and opportunities.

says Denis Golomedov, ;Marketing Director at RoboForex.

Roboforex and Cryptocurrency

This Broker has been on the forefront of crypto trading on the Metatrader 4 and Metatrader trading platforms from the beginning and pushing for more and more trad-able assets to be added to their offering .

it took this broker a little bit of time but now that they got them selves into the cryptocurrency trading arena they come to lead the pack. this in combination with their the trading platforms they are offering makes this a broker to take notice of.

as yet there are not enough brokers that offer metatrader 5 and especially one where you are able to trade bitcoin ethereum, litecoin and now also EOS.

About RoboForex

RoboForex is a brokerage company catering to clients from various countries. The broker’s focus is providing the traders with access to its own financial market platforms.

RoboForex Ltd is a licensed company (License No. IFSC/60/271/TS/17).

 

Continue Reading

news

Local bitcoin Trader Jailed for Money Laundering

Indicted: Local bitcoin Trader Jailed for Money Laundering

Local Bitcoin trader, Theresa Lynn Tetley, also widely known as Bitcoin Maven has been indicted for indulging in illegal bitcoin-for-cash transactions. According to the Central District of California, the LocalBitcoins.com trader has been sentenced to 12 months in prison.

She has also been handed a three-year supervised release and a $20,000 fine. A former real estate investor and stockbroker, the court ordered her to relinquish $292,264.00 in cash, 25 assorted gold bars, and 40 bitcoin.

money launderingTetley pled guilty to one count of operating an unlicensed money exchange business, and another related to money laundering. Her case is the first of its kind in the Central District of California.

Tetley was procedurally supposed to register her business with the Financial Crimes Enforcement Network, an agency of the United States Department of the Treasury.

The agency is responsible for analyzing transactions to curb money laundering and related financial crimes. She also failed to implement standard anti-money laundering protocol, including reporting of certain financial sources as per the requirements of this type of business.

Tetley is said to have traded over $6 million for clients within the United States and charged higher rates as compared to other traders within the LocalBitcoins platform.

Also noted in the court documents was that Theresa Lynn laundered bitcoin for a customer who had been suspected of having acquired the cryptocurrency through illegal activities, including drug sales on the dark web.

She also carried out a bitcoin to cash transaction for an undercover agent who had explicitly declared that his bitcoin was tied to narco-trafficking operations.

According to the report, Tetley’s service was responsible for fueling the growing use of cryptocurrencies to launder money and supported a black market system set up purposely to circumvent the law.

The organizations involved in her investigation included the IRS Criminal Investigation and the Drug Enforcement Administration.

Just One of Many

That said, the government has been committing significant resources to counter the crypto – dark web menace, and earlier this month, a major sting operation was carried out against a major money laundering network. Thirty-five suspects were arrested.

One individual, identified as John Edward Monette, was charged with Conspiracy to Distribute a Controlled Substance. He was also alleged to have carried out numerous bitcoin for cash exchange transactions on the dark web, most of them in 2017 and totaling about $19,000.

Another dark web vendor busted during the operation, Ryan Farace, 34 was indicted for being involved in an alprazolam tablets manufacture and distribution scheme.

He sold the drugs on the dark web, with all transactions being made in bitcoin. Additional digital currency money laundering transactions were made to conceal the sources.

Article Originally Published:

By ELIZABETH GAIL at Coincentral

 

Continue Reading

news

Why You Need to Get Onboard With Blockchain!

Why You Need to Get Onboard With Blockchain!

Blockchain tech – so revolutionary in nature that some are calling it the “new internet.” It has applications in just about every industry, and has completely altered the way we think about internet security, the processing of information, and the speed of transactions.

Blockchain is the technology that supports the digital currency  or cryptocurrency called Bitcoin –

however this is not what it is really about as it has a far wider scope of applications and is being commercialized in a growing number of areas.

It has generated much interest in technology circles and beyond, because of the new possibilities it opens up in financial services, the public sector and other areas.

According to sites like BitFortune.net, blockchain tech is definitely worth keeping an eye on due to the myriad of benefits it provides.

Blockchain and Bitcoin are not the same thing – Bitcoin is implemented using blockchain technology, but blockchain technology can be used in contexts much wider than Bitcoin or other cryptocurrencies. so when we are talking about the blockchain we are talking about a combination of a number of technologies, these including:

  • Distributed ledgers.
  • The blockchain data structure.
  • Public key cryptography.
  • Consensus mechanisms.

Part of what makes it so exciting is that it is completely open source. As a result, there are already a number of interesting blockchain apps, and the number is growing daily.

The technology is so secure that it is already being used by DARPA to secure military data. Various governments around the world are working on ways to use the tech to protect their own data.
The tech is tamper-proof, and the data stored within it is permanent. It cannot be erased or altered, and this is what makes it so enticing to those needing more secure networks.

But there is more, folks. (Okay, so that sounds a bit like an infomercial, but the benefits are real nonetheless.) Transactions can speed across the network – taking only as much time as it takes for them to be authorized.

The blockchain cannot be described just as a revolution. It is a tsunami-like phenomenon, slowly advancing and gradually enveloping everything along its way by the force of its progression.

William Mougayar

The system runs without the need for an intermediary, and this reduces the time it takes to execute transactions. This, and the unique way that the tech works, means that costs are significantly reduced as well.

What makes it so revolutionary is that the information is spread across every computer within the network. With Bitcoin, that means the data is securely “backed up” over thousands of computers.

Now, it is unlikely that banks will entrust their data to a public network in the same way, but they have been working on creating networks of their own instead.

The potential savings in terms of cost and time are extensive. If you want to learn more about these savings, check out the infographic below.

 

Why You Need to Get Onboard With Blockchain!


Why You Need to Get Onboard With Blockchain!


Visit bitfortune.net . for more interesting Infographics

Guys did an amazing job and was allowed to share.


 

Continue Reading

Trending