CFD
Forex
90/100
Rating
Go to Admiral Markets CFD
Highlights
  • Great selection of CFD tradable global markets
  • Demo account allows traders to test their CFD strategies before risking real funds.
  • CFD spreads and fees are easily accessed
88/100
Rating
Go to Admiral Markets Forex
Highlights
  • Trade FX on the go via the Admiral Markets app
  • Access to forex majors, minors, and exotic markets 24/5
  • Make use of great charting tools, indicators, and one-click trading courtesy of MetaQuotes platforms.

Admiral Markets Review Australia & Test 2021

Is Admiral Markets safe or scam?

Admiral Markets, recently rebranded as Admirals, have been established in the trading world since 2001. Providing a safe and secure environment for over 120,000 traders, we thought it was about time our experts put the trusted broker to the test.

Below, we take an honest look at the overall performance of Admiral Markets Australia. We dive deep into the security, regulation, and deposit insurance associated with your account; we consider the usability, customer support, and any offers available to new customers before leaving you with our authentic Admiral Markets rating.

Offers and New Customer Experience – Account set-up is simplistic and adheres to industry standards

Our Admiral Markets review kicks off with a minor negative – there are zero retail customer bonuses or sign-up offers. However, the sign-up process itself is a delight and about as straightforward as they come.

Following the industry standard, Admiral Markets Australia requires new users to provide basic personal details in order to get their accounts set up. From here, new traders will be required to follow AML/KYC processes to ensure each user is exactly who they say they are. The passing of KYC is achieved by forwarding a copy of photo ID, proof of residency, and any additional documentation Admiral Markets Australia requires. Once complete, your account is active, and full account features will be readily available.

Usability – Reliable, fast, and home to tons of trading tools

As we mentioned in our Eightcap review, the usability of an online broker is imperative when curating our overall reviews and ratings. Thankfully, the use of solid trading platforms, simple deposit methods, and a great selection of trading assets ensure the Admiral Markets Australia rating is not dented.

Users of the Admiral Markets platform can take advantage of over 7,500 assets, depending on the account and platform they choose, as well as the operating subsidiary. 3,398 equity CFDs, 43 Indices, 396 ETFs, 2 bond CFDs, 27 commodity CFDs, 32 cryptocurrency pairings, and 49 forex pairs are on offer, tradeable online or via the Admiral Markets dedicated app.

The use of MetaTrader ensures users are equipped with advanced charting features, multiple time frames, customisable indicators, and the ability to activate one-click trading. Reliable, fast, and offering access to the education market, Admiral Markets ticks all the boxes.

Accounts – Great selection adds to overall Admiral Markets ranking

Much like users of INGOT Australia, traders making use of the Admiral Markets Australia platform will be able to take advantage of various account types once they have passed the initial vetting process.

Trade MT4/MT5

For retail clients looking to make use of the Trade MetaTrader 4 or Trade MetaTrader 5 account option can take advantage of commission-free trading and a spread of 0.5 pips. However, commissions on equity CFDs will still be applied.

Zero MT4/MT5

For high-frequency or high-value traders, the Zero MetaTrader 4 or Zero MetaTrader 5 account type may be the better option. Here, Admiral Markets Australia offers traders spreads between 0.0 and 0.1 pips. Despite the Zero MT4/MT5 hosting a fee, a volume discount is available, cutting trading costs considerably.

Other Account Options

As well as the account types previously mentioned, our Admiral Markets review Australia also uncovered a demo account that was accessible to all traders signed up to the Admiral Markets platform. The demo account is a great spot for budding new traders or professionals looking to test strategies before opening up a real account and risking real funds. Not only this, but our Admiral Markets review also found a swap-free Islamic account was available to followers of the faith, as well as a professional account for those who took trading and investing more seriously.

Fees – Admiral Markets Australia stays fully transparent

As with any broker who provides a variety of assets and markets, fees associated with each group will differ. However, thanks to Admiral Markets’ trustworthy and transparent approach, users can access all information surrounding fees and charges directly from the website.

Overall, we would suggest the fees and charges associated with any Admiral Markets Australia account are competitive. Depending on your chosen account type, users can take advantage of some great perks, including volume discounts, zero commissions, and low spreads. However, we would advise checking the perks associated with your chosen account to benefit your style of trading before signing up and depositing at Admiral Markets Australia.

Similar to our Trade Nation review, it is also worth noting that an inactivity fee is applied to any Admiral Markets account that remains in a positive balance. $10 will be taken from any positive account for every month of inactivity after an initial zero-action stint of 24 months has passed. Swap rate on leveraged overnight positions and third-party deposit and withdrawal fees may also apply.

Trading Platforms – Full range of assets available using MT5

As you may have picked up from our comments earlier in our Admiral Markets review Australia, the trading platforms utilised by Admiral Markets are MetaTrader 4, MetaTrader 5, and the MetaTrader WebTrader.

Recognised as popular industry-leading platforms, we are certain your trading experience will be positive regardless of which model you decide to use. However, if you plan on diversifying your portfolio, it would appear the MT5 would be the best option for you. With the MT5, traders are able to access all asset types available on the Admiral Markets Australia site.

Unfortunately, the MT5 does not hold backwards compatibility with the MT4. Any existing set-ups based on the MT4 will not be brought forward and any new strategies or charting tools utilised will need to be revamped using the MT5.

Trading Payments – Limited options from trusted providers

For those looking to deposit and withdraw successfully from their Admiral Markets Australia account, they will have to make do with limited variety away from credit card, debit card, or wire transfer.

In fact, PayPal is the only major e-wallet provider that is supported by the Admiral Markets Australia site. If you plan to use PayPal for your trading deposits and withdrawals, you can expect to find a minimum deposit of $75 and a minimum of $750.

For the traditionalists among us using a debit card, credit card, or wire transfer, you will find zero fees are attached, with processing times taking between 1 and 3 days.

Customer Service – Prompt and professional responses from Admiral Markets Australia support staff

The importance of great customer support is evidenced in our Global Prime review and something we discuss further here.

The team behind Admiral Markets Australia have ensured customer service is made easily accessible by providing many different channels for users to contact their customer support agents, including email, phone, live chat, and an online form.

Despite support being available 24/5, we did find the dedicated FAQ section answered most of the common questions likely to crop up when trading online.

We were also particularly impressed with the response times of the Admiral Markets Australia support staff. We found emails were responded to within 24 hours, and our queries through live chat were dealt with, as you would imagine, almost instantly.

Regulation and Deposit Insurance – Is Admiral Markets safe?

Admirals AS, the owner of all 3 Admiral Markets brokerages, is regulated by the Estonian Financial Supervision Authority (EFSA). Admiral Markets UK Ltd is regulated by the Financial Conduct Authority. Admiral Markets Cyprus LTD is licensed under the Cyprus Securities and Exchange Commission (CySEC). Admiral Markets Pty LTD holds an Australian Financial Services License (AFSL).

As explained in our Axi Trader review, an operator must abide by set regulations in accordance with law to be considered a legal and respected broker.

Thankfully, our Admiral Markets review Australia has uncovered the established broker to be a safe and secure environment for new and professional traders alike, keeping client funds segregated, offering negative balance protection, as well as full compliance with all aforementioned regulators.

 

Additional Features – Education on offer for all Admiral Markets users

It would certainly appear that Admiral Markets Australia holds its customers in high regard, offering some fantastic educational resources for all members to take advantage of on-site.

Hosted by professional financial traders, users of the Admiral Market site can join regular Forex & CFD webinars and seminars. Not only this, but when you head to the education section of the site, you will notice many other popular resources on offer too, including a Trader’s Glossary, FAQs, eBooks, articles, tutorials, and trading courses that can help bolster any trader’s knowledge, regardless of experience!

Admiral Markets CFD

CFD trading offer

At Admiral Markets Australia, users can look to trade a wide selection of global markets available as CFDs, including over 40 forex pairs, 3,000 stocks and shares, over 30 cryptocurrencies, 25 commodities, and 40 indices. A few examples include SP500, DAX300, Apple, Facebook, Bun, ProShares, and EUR/USD.

CFD trading costs

With spreads and costs available across so many different markets, it can be difficult to keep track of expenditure and fees associated with each trade. Thankfully, Admiral Markets Australia notes the spread associated with each trade next to the bid and ask price. For example, when looking to buy or sell Gold as a CFD, users can quickly see the spread is 0.20.

Sticking with the theme of Gold CFD, leverage rates are also competitive at 1:20 for retail clients. Slightly less than the 1:30 offered to FX CFD traders.

Due to the limited deposit and withdrawal options available to Australian users, zero deposit or withdrawal fees will be applied to any account transaction.

CFD trading conditions

When trading CFDs at Admiral Markets, traders can expect to find a transparent site that offers all relevant terms and conditions to their clients before depositing any cash.

Upon selecting your chosen asset, a whole host of information will be detailed to traders, including Pip value per minimum contract, minimum spread, commission, minimum margin, SWAP value (Long & Short), as well as the maximum contract size.

The Admiral Markets Australia site also offers a fantastic demo account option, allowing users to practice their CFD techniques and strategies before moving across to the big leagues.

Product summary & conclusion

It goes without saying that we at Wetten are impressed with the Admiral Markets Australia CFD offering. Providing clients with such an extensive selection of CFDs is just one positive piece to the overall CFD puzzle. The transparency of the site as a whole allows clients to feel complete trust in the established broker, and enables CFD traders to calculate what fees and charges they can expect when placing particular trades. Speaking of calculators, the margin calculator is a great tool for the varying leverage associated with individual assets – further adding to the complete CFD offering provided by Admiral Markets.

Admiral Markets Forex

Forex trading offer

Admiral Markets Australia offers traders the opportunity to trade over 40 CFDs on currency pairs, including the FX majors, FX minors, and exotic pairs.

Home to the MetaTrader 4 and MetaTrader 5, Admiral Markets Australia offers a unique package that provides FX traders with over 60 charting tools and indicators, as well as a dedicated demo account that provides users with $10,000 virtual cash to put their FX strategies into play.

Forex trading costs

When compared to other legal industry leaders, Admiral Markets Australia keeps their trading costs low, taking a fee from spreads. Average spreads across live major FX pairs are between 0.5 and 1 pip.

Admiral Markets Australia allows for both retail and professional accounts to be created. Retail clients can take advantage of a maximum leverage on Forex trades at 1:30. Admiral Markets Australia also offers a handy margin calculator to help you better judge the leverage before placing your buy or sell orders.

When trading FX with Admiral Markets, it is also worth noting that overnight charges and swap fees will be present. Thankfully, the team is fully transparent with all these fees and will be noted at the time of placing your trades.

Forex trading conditions

By making use of the MetaTrader 4 and MetaTrader 5 platform, Admiral Markets Australia trading conditions are some of the best in the business. There are plenty of perks on offer to both retail and professional users of the MT4, none more important than the advanced charting options, customizable indicators, and automated trading options via APIs.

Those taking advantage of the MT5 will unlock a fantastic FX trading platform that is especially well-catered towards CFDs. Appealing towards a slightly more advanced clientele, the MT5 offers free market data, level 2 price offerings, real-time news feeds, and many advanced technical indicators.

Product summary & conclusion

Overall, we at Wetten believe the Admiral Markets Australia Foreign Exchange offering to be one of the best in the business. The ability to trade on MetaQuotes industry-leading platforms, the availability via a web browser or mobile app, as well as the low trading costs add considerably to the overall FX Admiral Markets rating.

The transparency of spreads and fees makes trading forex majors, minors, and exotics that much easier, while the 1:30 leverage and the negative balance protection ensures your trading profit potential is not dampened by the risk of falling below zero.

Admiral Markets FAQs

🔐 Is Admiral Markets safe?

When compiling our broker reviews, we at Wetten take our readers’ security seriously. That’s why we can guarantee any broker that features on our site will receive an honest and authentic overall rating. If you’re considering the well-established Admiral Markets as your next trading home, then why not take advantage of our Admiral Markets review? Here, you can uncover the truth behind the Forex and CFD trading platform.

💳 What fees can I expect from Admiral Markets?

Due to the very nature of the trading world, individual assets will be subject to their own individual spreads, fees, and maximum leverage allowances. However, when reading through our Admiral Markets review, you’ll discover all you need to know surrounding the fees associated with your account, as well as finding out just how transparent a broker Admiral Markets Australia truly is.

❓ Help! I have a problem with my account. Who can I contact?

It is well-documented that we at Wetten take customer support very seriously when curating our list of top brokers across Australia. Whether it’s a stand-out FAQ page, responsive customer support agents, or a great selection of contact methods, we want to ensure our readers are well looked after.

Conclusion – Is Admiral Markets scamming traders?

As we draw a close to our Admiral Markets review, it is worth summarising a few key pointers to take away with you.

Firstly, the site makes use of the industry-leading MetaTrader platform. Reliable, fast, and straightforward to use, you can add a whole host of indicators, make use of charting features, and trade with one click if it suits.

Not only does Admiral Markets offer users a great trading platform, but they also offer users a fantastic selection of assets and account options that will appeal to all walks of trading life.

One major drawback is the limited withdrawal options available; although the options available are reputable, any users looking for a solid selection of payment methods would do well to check out our XM review.

90/100
Rating
Admiral Markets CFD
*****
Go to Admiral Markets CFD
Highlights
  • Great selection of CFD tradable global markets
  • Demo account allows traders to test their CFD strategies before risking real funds.
  • CFD spreads and fees are easily accessed

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