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Last Updated On March 29, 2024
60-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. We may receive compensation when you click on links to products we review. Please read our advertising disclosure. By using this website, you agree to our Terms of Service.
A trustworthy global online broker, Admirals is regulated by some top-tier authorities, including the UK’s FCA. It offers a range of low-cost accounts, allows spreadbetting for residents of the UK, and has an excellent suite of trading tools. However, traders may be disappointed in the high currency conversion fees for accounts denominated in other currencies.
Admirals offers support for the MT4 and MT5 trading platforms in addition to Admirals’ sleek mobile app that is intuitive and easy to set up. It boasts excellent trading conditions on four live accounts, with spreads that start at 0.5 pips (EUR/USD) on its commission-free accounts, and commissions of 6 USD (round turn) on its Zero Accounts in exchange for spreads of 0.1 pips (EUR/USD), which is highly competitive.
Admirals offers trading on over 3200 CFDs and over 4000 stocks and is home to the MetaTrader Supreme Edition, a plugin that offers technical analysis on virtually every financial instrument.
Overall, with local FCA regulation, the ability to spreadbet, some of the lowest trading fees in the industry, a huge choice of financial instruments, and excellent trading tools, Admirals will appeal to many British traders.
🏦 Min. Deposit | GBP 250 |
🛡️ Regulated By | ASIC, CySEC, FCA, FSCA |
💵 Trading Cost | USD 8 |
⚖️ Max. Leverage | 30:1 |
💹 Copy Trading | Yes |
🖥️ Platforms | MT4, MT5, MT Supreme |
💱 Instruments | Forex, Indices, Metals, Stock CFDs, Bonds |
Admirals also provide expert-led webinars. Webinar topics include commentary on the upcoming week or educational webinars like Mastering the 4Ms of Trading, which help traders develop trading skills and build confidence.
Overall, Admirals’ education section is comprehensive, in-depth, and caters to both beginners and more advanced traders.
Admirals market research materials are comprehensive and well-structured and compare well to other large international brokers.
Admirals’ customer support team is available during business hours, five days a week, via live chat, email, and phone in 23 different languages. Drop-in appointments are also available at any of their office locations.
Furthermore, remote support for technical issues related to MetaTrader or the MetaTrader Supreme Edition is available to clients during business hours.
For the purposes of this review, we found the customer service responsive, knowledgeable, and polite.
Recognition: Founded in 2001 and headquartered in the UK and Estonia, Admirals is regulated by the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC), and the Jordan Securities Commission (JSC). See below for a list of Admirals registered companies:
Awards
Admirals have won many industry awards over the years, the most recent being Best Forex Platform 2019 (ADVFN International Financial Awards), and Best CFD Broker 2019 (DKI’s 2019 CFD Broker Customer Survey). While awards in recent years have focused on the broad strength of Admirals as a brokerage, it is often recognised for its commitment to trading technology, user experience, and customer service.
Overall, with a long track record of responsible behavior, strict internal processes, and strong international regulation, we consider Admirals a safe broker to trade with.
We value transparency and openness in the way we review the partners. To bring transparency to the forefront, we have published our review process. Central to that process is the evaluation of the reliability of the broker, the platform offering of the broker and the trading conditions offered to clients, which are summarised in this review. Each one of these is graded, and an overall score is calculated and assigned to the broker.
According to regulation, brokers are required to be transparent with Forex traders about their the complexity of financial products and also disclose the extent to which traders can lose their money. Admiral Markets wants you to know: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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.
Admirals is a leading global online broker. It boasts excellent trading conditions, including tight spreads, low minimum deposits, and low commissions on both the MT4 and MT5 platforms. With excellent regulation, comprehensive trading tools, and world-class educational and market analysis materials, Admirals has developed a reputation for being one of the top Forex and CFD brokers for good reason. The only drawback of an otherwise excellent all-round offering is the high non-trading fees charged by Admirals.
Chris joined the company in 2019 after ten years experience in research, editorial and design for political and financial publications. His background has given him a deep knowledge of international financial markets and the geopolitics that affects them. Chris has a keen eye for editing and a voracious appetite for financial and political current affairs. He ensures that our content across all sites meets the standards of quality and transparency that our readers expect.
Alison joined the team as a writer in 2021. She is the Senior Editor for FXScouts. She has a medical degree with a focus on physiotherapy and a bachelor’s in psychology. However, her interest in forex trading and her love for writing led her to switch careers. She has a passion for Forex trading and over a decade of editorial experience researching Forex and the financial services industry, producing high-quality content. She hosts a weekly podcast, “Let’s Talk Forex,” alongside her colleague, Chris, and has produced over 100 Forex educational videos for the FXScouts YouTube channel. She also writes weekly technical analyses and has tested and reviewed over 100 Forex brokers.
Ida joined our team as a financial writer in 2023. She has a degree in Digital Marketing and a background in content writing and SEO. In addition to her marketing and writing skills, Ida also has an interest in cryptocurrencies and blockchain networks. Her interest in crypto trading led to a wider fascination with Forex technical analysis and price movement. She continues to develop her skills and knowledge in Forex trading and keeps a close eye on which Forex brokers offer the best trading environments for new traders.
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