Introduction
Admiral Markets is a popular online trading platform, however, as with any other broker, it has its own set of pros and cons. In this blog post, we will explore both the positive and negative aspects of Admiral Markets in order to help you make an informed decision about whether or not it is the right broker for you. We will also take a look at what other traders have had to say about their experiences with Admiral Markets in order to give you a well-rounded view of the platform.
Pros of Admiral Markets
Admiral Markets is a Forex and CFD broker that offers its clients a wide range of tradable assets, including currency pairs, stocks, indices, metals, and energies. The company is headquartered in Estonia and is regulated by the Financial Supervisory Authority (FSA).
Admiral Markets has been in operation since 2001 and has since established itself as a leading brokerage firm in the online trading industry. The company provides its clients with top-notch technology, superior execution speeds, and tight spreads. In addition, Admiral Markets offer its clients a variety of account types to choose from, which gives traders of all levels of experience the ability to trade with a broker that suits their individual needs.
One of the biggest advantages of trading with Admiral Markets is the fact that they offer their clients the MetaTrader 4 (MT4) trading platform. MT4 is widely considered to be the most user-friendly and advanced trading platform available on the market today. Admiral Markets’ MT4 platform comes complete with all of the bells and whistles that one would expect from a top-tier trading platform, including advanced charting capabilities, a wide range of technical indicators, and automated trading functionality.
Another big plus for Admiral Markets is that they offer their clients extremely competitive spreads. On major currency pairs like EUR/USD and GBP/USD, Admiral Markets typically offer spreads as low as 1 pip. This means that traders can save a significant amount of money on their trading
Cons of Admiral Markets
There are a few potential drawbacks to trading with Admiral Markets that traders should be aware of before opening an account. These include a minimum deposit of $200, limited customer support options, and a lack of educational resources.
The $200 minimum deposit may deter some traders from opening an account, as this is relatively high compared to other brokers. Admiral Markets also offers limited customer support options, with only email and live chat available. Additionally, the broker does not provide many educational resources, which could be an issue for beginner traders.
Admiral Markets Trader Ratings
Admiral Markets is one of the most popular online brokers for forex and CFD trading. In our Admiral Markets trader ratings, we take a look at the pros and cons of this broker to help you decide if they are the right broker for you.
The Pros
Admiral Markets offers some of the lowest spreads in the industry starting at just 0.6 pips on EUR/USD. They also offer a wide range of markets including currency pairs, indices, commodities, shares, and cryptocurrencies. Admiral Markets is a regulated broker with licenses from multiple regulatory bodies including the FCA, ASIC, and CySEC. This means that your funds are protected up to €20,000 by the Investor Compensation Fund in case the broker becomes insolvent.
Admiral Markets also has a great selection of trading platforms including MetaTrader 4, MetaTrader 5, and their own proprietary web-based platform. They offer free demo accounts so you can try out their platforms before committing to live trading. And for advanced traders, they offer features like expert advisors, VPS hosting, and algorithmic trading.
The Cons
While Admiral Markets does offer some great features for traders, there are a few downsides to consider as well. First of all, their minimum deposit is $200 which may be too high for some beginner traders. Additionally, Admiral Markets charges inactivity fees of $10 per month after 3 months of inactivity on your account. So
Conclusion
All in all, Admiral Markets is a great choice for forex and CFD traders. They offer a good selection of tradable assets, tight spreads, and fast order execution. Their trading platforms are also very user-friendly and their customer service is excellent. The only drawback is that they don’t offer any bonuses or promotions.