A. Willson
Forex and CFD traders choose Admiral Markets for its excellent investor education and advanced MetaTrader features, including the Supreme add-on and market research via Premium Analytics.
Top Takeaways for 2021
Here are our top findings on Admiral Markets:
- Founded in 2001, Admiral Markets is regulated in two tier-1 jurisdictions and two tier-2 jurisdictions, making it a safe broker (average-risk) for forex and CFDs trading.
- Thanks to additional trading tools and robust research, Admiral Markets stands out when compared to other MetaTrader-only brokers who offer little to no features beyond the default layout. For example, with Premium Analytics, customers can access Dow Jones News, Acuity Trading, and Trading Central.
- As an additional benefit to less-experienced traders, Admiral Markets finished among the best forex brokers for beginners in 2020, thanks to an industry-leading offering of educational content on its website.
Overall Summary
Please Note: Admiral Markets was not included in our last annual review. As a result, this broker’s ratings may be outdated. Read our best forex brokers guide for a breakdown of the top rated forex and CFDs brokers.
Is Admiral Markets Safe?
Admiral Markets is considered average-risk, with an overall Trust Score of 83 out of 99. Admiral Markets is not publicly traded and does not operate a bank. Admiral Markets is authorised by two tier-1 regulators (high trust), two tier-2 regulators (average trust), and zero tier-3 regulators (low trust). Admiral Markets is authorised by the following tier-1 regulators: Financial Conduct Authority (FCA), and Australian Securities & Investment Commission (ASIC). Learn more about Trust Score.
Offering of Investments
The following table summarizes the different investment products available to Admiral Markets clients.
Cryptocurrency: Cryptocurrency trading is available through CFDs, but not available through trading the underlying asset (e.g. buying Bitcoin). Note: Crypto CFDs are not available to retail traders from any broker’s UK entity, nor to UK residents.
Commissions and Fees
Admiral Markets offers four account types with a range of fees and products to trade. When calculating the all-in cost to trade, including spreads plus any commission, pricing is similar across all account types, with ranges from 0.6 pips to 0.7 pips (referencing September 2019 data).
Account differences: The Admiral Markets MT5 account (or MT5 Invest for exchange-traded stocks) provides the broadest number of symbols to trade, whereas those focused on just on forex may gravitate to the Admiral Prime MT4 account. The lowest all-in cost (spreads plus any commission) are found in the Admiral Prime account, which unfortunately has a drastically smaller range of tradeable symbols.
No dealing desk: Admiral Markets states that it provides agency execution across all account types and does not operate a dealing desk or take risk internally. Admiral Markets acts as an agency broker by routing client orders to its parent company, Admiral Markets AS, which is its sole liquidity provider for all its group companies (this is similar to how Saxo Capital Markets UK routes client trade requests solely to Saxo Bank in Denmark).
