Admirals

Admirals is a well-established broker since 2001. Admirals has headquarters in Australia, Cyprus, United Kingdom, Estonia, Seychelles, South Africa, Canada, Jordan, Nigeria and Brazil. Admirals to provide their Forex/CFD trading services to global clients.

This broker has also been regulated by ASIC 28381, CySEC 201/13, FCA 595450, FSA (Estonia) 10932555, FSA (Seychelles) 8426894-1, FSCA FSP51311, IIROC 29042022 and Jordan Securities Commission 57026.

As per CySEC and EU regulations, traders’ money is protected by the Investor Compensation Fund (CIF), per EU Directive 2014/49/EU, which protects deposits up to €20,000.

Since the UK subsidiary is a sister company of the Estonian registered firm, client funds are handled according to Client Assets Sourcebook (CASS) rules, while the Financial Services Compensation Scheme (FSCS) protects deposits up to a maximum of £85,000.

Account Information

Apart from the forex demo account, this broker offers Invest.MT5, Trade.MT4, Zero.MT4, Trade.MT5, Zero.MT5 and Bets.MT5 (UK). To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by Admirals is up to 1: 500 Meanwhile, you can open an account with a starting capital of $1.

Fees

Some accounts offer commission-free trading, whereas others may charge slightly higher fees with higher spreads for currency pairs. In Zero Account, for example, traders will receive spreads as low as 0.1 pips, but a commission will apply. Equity CFDs and ETFs carry a commission. Commission charges depend on the monthly trading volume of each trader. Admirals charge swap or rollover interest on overnight positions.

Admirals introduced an inactivity fee after 24 months with a monthly fee of €10 and does levy a 1% currency conversion charge. Third-party deposit and withdrawal fees may apply.

Payment Methods

Deposit and withdrawal are available via bank wires, credit/debit cards, and Skrill. Fees apply for Skrill with a minimum fee of $1/€1 while the other options are free of charge. However, third-party charges are generally applicable. Payments are processed within minutes to three business days. Wire transfers can take up to 5 days.

Admirals’ variety of funding methods can be found below:

 Wire transfer : Wire Transfer is the most commonly used payment method. Nearly all brokers in the world provide this method on their service. The reason is wire transfer is basically traditional transfer between banks in the worldwide. So, this method is guaranteed for its safety. This really helps traders who avoid third-party payments or don’t have credit cards.

 Skrill : Mostly, all forex brokers provide Skrill as an online payment service option. Fast, easy, and safe transactions are the main reasons why traders using this method. Traders can use Skrill to fund their trading accounts with either payment cards, bank wire transfers, or directly from a Skrill e-wallet account.

 PayPal : Online payment was not a thing back in the early 2000s, but PayPal has been in the market since 1999 and thus deserves to be regarded as one of the first e-payment services in the world. The US-based company is popular across many online platforms, including forex brokers.

 Neteller : Like PayPal, Neteller is one of the most popular online payment services today. Due to this popularity, nearly all forex brokers accept Neteller as a payment method for their clients’ fund deposit and withdrawal. Although the Neteller system is available almost all over the world, it remains particularly popular in Europe.

Admirals also provides payment with AstroPay, iDEAL, SOFORT, Crypto and Credit/debit cards

Trading Platforms

Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, a price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitability by placing well-planned trades.

Hereby, Pepperstone offers you MetaTrader 4, MetaTrader 5, cTrader, TradingView, Social trading and Web.

• MT4: Highlights of MT4 include 28 plug-ins Smart Trader suite,  Autochartist, VPS hosting, support algorithmic trading, and copy trading functions. Pepperstone also provides social trading via third-party providers Myfxbook, MetaTrader Signals, and DupliTrade.
• MT5: MetaTrader 5 provides exceptional features to help you stay ahead of the markets as it is easier to use, easier to code using MQL5, provides advanced platform customization, offers 38 inbuilt indicators, Smart Trader Tools, Autochartist, and the ability to hed your position.
• cTrader: Created by Spotware with the mission to balance simple and complex functionality, cTrader is excellent for both new and advanced traders. Traders can place advanced order types and better understand the orders they’re placing in more detail.

• Research capabilities are accessible via Trading Central which is embedded in the MetaTrader Supreme Edition.
• Admirals has established itself as a leading brokerage with some of the features including Premium Analytics which is powered by Dow Jones, Trading Central, and Acuity. The service is free but requires traders to sign-up.
• Admirals supports Trader’s Blog, a blog-based page that covers fundamental topics in a well-presented format.
• Other research tools include a Heat Map, Market Sentiment indicators covering in-house positions, the Cryptocurrency Bubble-O-Meter, and an economic calendar.
• There is also an education center with a handful of trading courses named Forex 101 for new traders to enhance their understanding and knowledge base. The initial three lessons are available to all traders but a free demo account is required to unlock the remaining six lessons. Thirteen articles and tutorials, which encompass a wide range of quality, topic-specific content, are also available.
• Complementing the course are free webinars, which are hosted weekly. A seminar section is available but without scheduled events.
• The broker also provides A Trader’s Glossary, a brief explanation of terminology.

Bonuses and Promotions

Aside from the cash rebate program for professional clients, Admirals does not offer any bonus deals or promotions.

Customer Support

Do you have any question or find any trouble related to Admirals? If you do, you should reach Admirals’s support to get the information that you need. Here is the detail of the broker’s customer support:

This broker has a reliable live chat function and easily accessible via e-mail, a webform or phone. Remote assistance for technical issues is also available as well as an extensive FAQ section to answer most questions. Support hours are not noted on the website, but the standard 24/5 support hours are assumed to be in place.