Broker Details
Payment Method : BankWire, Credit-Card, Klarna, Skrill
Table of Contents
Admiral Markets Review
Introduction
Admiral Markets Review 2022 identifies the entity as one that offers a diverse number of instruments that the traders can choose from. They create some of the best trading conditions that traders can use and boast a wide array of research and educational materials that make it a favorite among its clients.
This Admiral Market review 2022 will take a deep dive into Admiral Markets as we seek to provide the best review in a few words by looking at some of the features and the security that comes with them.
Is it Safe or A Scam?
Admiral Markets is not a scam. Admiral Markets UK Ltd is a sister company of Admiral Markets AS (Estonia) its White Label provider. Admiral Markets UK is regulated by Financial Conduct Authority (FCA). Admiral Markets AS is authorised and regulated by the Estonian Financial Supervision Authority for main investment and brokerage activities as well as holding Client Money in the European Union, thus complying with the European financial services directives, including MiFID (Markets in Financial Instruments Directive).
The presence of these regulating bodies makes the broker a legit business. They provide a high level of financial confidence to their clients and secure online trading services. However, these are only enforced to the bare minimum according to the industry’s standards.
Market Presence
The company is present in over 8,000 markets globally. So far as this Admiral Markets review 2022 could tell, there is no limitation to the country that a trader cab sign in.
At the same time, it offers several instruments that are available for trading. They have over 50 CFDs, currency pairs, over 3,000 stocks and shares, indices, commodities, bonds, ETFs, and cryptocurrencies.
This makes it a diverse broker that allows traders to have multiple instruments from which they can make money.
Account Types
Admiral Markets offers three types of accounts that people can choose from. These include the Trader, Invest, and Zero accounts. These are accounts that are open for MT5 and MT4 trading platforms.
They also have a demo account that they offer. Their demo account is open to traders for as long as they want and provides a real-time replica of the market conditions.
Opening an account with them follows a two-step verification process that only takes a few minutes to complete. They allow their traders to set up a biometric authentication that they can use for convenience and added security for their accounts.
Their minimum deposit is $100
Commissions, Spreads, and Fees
Admiral Market Review 2022 shows that this broker does not charge a deposit or withdrawal fee. They, however, have charges that they charge for the transfer of funds.
Internal transfer of funds attracts no fees when the transfer involves the same currencies but attracts a 1% fee for two different currencies. Also, they have a bonus for free transfer from the wallet to the card or any account for the first five transfers. From there, they charge a 1% charge on all transfers.
Being inactive for over a year attracts a fee of 10 euros per month and has a currency conversion fee of 0.3%.
They have an average spread charge on trades that will differ from one instrument to another. For major currencies, the spread is slightly under 1 pip. For example, the EURUSD pair is 0.8 pips.
Trading Instruments
Admiral Markets offers a diverse number of instruments to trade from. These include:
- Forex currency pairs
- Cryptocurrencies
- Commodities
- Indices
- Stocks
- ETFs
- Bonds
- Shares
These are all open for trading to all clients. It has over 3000 stocks and over 300 shares that the traders can choose from. Traders can find all the major currencies for trading and most of the minor currency pairs they can choose from.
Trading Platforms
Another great thing about the Admiral Market review 2022 is that they offer as many trading platforms as their users can choose. These include the MT4 and MT5 trading platforms being their top trading platforms.
They also have StereoTrader as an alternative trading platform. These platforms are offered on the web, desktop, and mobile devices.
Customer Service
Admiral Markets offer three ways clients can use to reach their support center. These include phone, live chat, and email. Their services are open for the better as they run 24/5, the same time trading begins and closes in the international market.
Phone calls and inquiries are followed by informative emails that further expand on the issue you had called about, which is a plus. The only downside is that they take long before they answer.
Email is much different and very helpful. It takes utmost a day to get an answer that is not that long. They are more helpful by offering extensive and insightful answers to questions and queries.
Final Thoughts
This might be the best broker for traders that prefer dealing with CFDs, stocks, and shares. They offer an extensive number of these instruments that the traders can choose from.
At the same time, they are average in the fees, commissions, and spreads they offer.
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