Admiral Markets is a highly reputable broker with over 18 years of experience in the trading sector. The MetaTrader platform is popular among traders because of its exceptional customer service, tight spreads, a diverse range of trading instruments, and advanced features like the market heat map, global mood indicators, and economic calendar.
Traders can choose from a wide range of important markets, including currency pairings and cryptocurrencies, stocks, bonds, commodities, and indices. Admiral Markets uses the MetaTrader 4 (MT4) platform, but it also gives you the option of using the enhanced MetaTrader 5 platform (MT5).
Is Admiral Markets a reputable brokerage firm to do business with?
The public agencies that govern a broker’s operations provide a means of determining whether or not the broker is dependable and trustworthy. To put it another way, if a government agency that is recognized to be of the highest international standing is the broker’s watchdog, it is a fantastic signal that it is safe to deposit funds and do business on the trading platform.
Account Types at Admiral Markets
- The number of trading instruments available
- Spread: Zero accounts have a spread of 0 pips, whereas trade accounts have a spread of 0.5 pips.
- Commissions charged when opening a trade: Transactions in Zero accounts are charged a fee per lot (which varies depending on the instrument); transactions in Trade accounts are only charged commissions when trading CFDs on stocks.
- Minimum Order Quantity
Pros And Cons of Admiral Markets
Pros of Admiral Markets
- STP execution with broad global integration
- Multiple payment options are available for your account.
- Customer service that is second to none
- a long track record (18 years)
- There are no fines for inactivity.
- MetaTrader Supreme Edition and volatility protection are among the special features available.
Cons of Admiral Markets
- A tiny number of FX pairings
- Retail clients have a low leverage ratio
Fees for deposits and withdrawals
Admiral Markets does not impose any fees for deposits or withdrawals made by its clients.
Bank Transfer – Admiral Markets does not charge any fees for deposits made to the platform using a bank transfer method. The broker offers two free withdrawal requests to your bank of choice every month, which you may use to fund your trading account. When it comes to withdrawing money from Admiral Markets, it is as simple as going to your account and locating the ‘Withdraw’ option, and then select your bank account as the method of withdrawal.
Credit/Debit Card — As long as the credit/debit card you’re using is a Visa or MasterCard, you will not be charged a fee for card deposits made using this method. As a result, Admiral Markets is quite competitive when it comes to card deposits.
Finally, as compared to other brokers in the business, Admiral Markets charges a comparatively modest commission rate. The broker provides competitive spreads and does not charge any additional fees.
Conclusion
Admiral Markets is a reputable broker that provides everything new and experienced traders need to have a pleasant and profitable trading experience. There are several account kinds to choose from, not to mention the vast array of markets and financial instruments available. Follow us for more interesting aspects to know about Admiral Market.
