Admiral Markets Review
Admiral Markets is a top level broker based in Great Britain with roots in Estonian Talin. The company has fully functioning office in London and employs well known experts, Chris Svorcik or Nenad Kerkez for example. AM's big gun is individualised approach to its clients, very narrow spreads and a line of additional trading tools, including their own modification of MetaTrader4.
Admiral Markets is first and foremost a forex broker, which is clear in their offering of trading instruments. They offer around 140, relatively small number for this day. Most are forex pairs, but dozens are stocks of big corporations, crude oil, precious metals and, a few chosen stock indices can be found.
The smaller offering of trading instruments is balanced by perfect spread from 0.7 pips on EUR/USD and honest ECN training model. Also welcomed is the maximum allowed leverage of 1:500, thanks to which it is possible to trade with even small deposit with up to 500 times the volume.
Admiral Markets is not one of those brokers who suffocate their clients with a large number of trading platforms; instead, they stand behind one - the classic Meta Trader, version 4 or 5.
Anyone who thought that there was nothing left to change on the well-established Meta Trader platform should not become AM's client, since they would discover the expanded Supreme Edition. Broker has added more than 10 new functions and views, which do make trading a lot easier. The upgraded version is available to all clients for free, including those with the trial demo accounts.
Today's times require the traders to be able to react more frequently no matter where they are, since the market changing situation can occur unexpectedly.
For quick reaction to such situation it is necessary to have access to the markets no matter where you are and this is where mobile applications come into play. Admiral Markets takes advantage of the solution provided to them by their software provider MetaQuotes and offers the traders relatively well functioning Meta Trader for smartphones.
The option to react to market situation wherever and whenever significantly lowers the risk of unexpected loses and opens new possibilities of achieving profitable trades.
As one of the few brokers, Admiral Markets organises regular webinars and puts all of the already broadcasted ones on its YouTube channel. The topics discussed are often focused on the intermediate and beginner traders, but highly advanced topics on how to use mathematics and physics while trading, trading with algorithms, wave analytics or utilising Market profile are also there.
The professional offering of services by Admiral Markets is further apparent by their cooperation with the technological company AutoChartist. Their analytical software of the same name is available for clients of Admiral Markets.
Autochartist watches over markets and automatically searches for market formation as different triangles, channels, flags etc. The success of this software is startling, and in some formations and timeframes reaches up to 80% success rate.
The best thing about Autochartist is that clients of Admiral Markets get this software for free and its outputs can even be integrated into MetaTrader. This allows them to be among the first to react to these formations.
Types of accounts
Most regular clients with AM will open the standard type account, which has all the necessities and is fully integrated with the above mentioned features.
Since Admiral Markets is also a broker for professionals, it offers a professional solution in a form of a VIP account. Traders with deposits above $ 50 000 USD will gain custom tailored solutions and even better spreads.
Broker offers individual bonuses for its clients and most of the year does not promote any bonuses. From time to time it does create a promotion for its clients, for example giving 50% deposit bonus as during the period from 1.10.2015-31.11.2015. The advantage is that these are fair offers that can be enjoyed by both new and existing traders.
Since Admiral Markets has an office in London, its customer service is at a high level. Questions for the broker can be addressed by phone, email and chat but even with a personal visit (and from our experience with Admiral Markets problems are dealt with professionally and quickly).
Deposits and withdrawals
The options for deposits and withdrawals are at AM at the standard level. Methods of financial transfers are dominated by bank transfer, which you can expect to credit the account within 1-5 business days. Whoever wants their funds on their account immediately must use credit cards Visa or MasterCard or internet wallets Neteller or Skrill.
Withdrawals are transferred to the same source, from which the funds were deposited and their processing is usually a question of one business day. When the withdrawn money actually does appear in the client's account depends mainly on the withdrawal method used. With internet wallets it is immediately after the broker releases the funds and with bank transfer the money travels around 2-4 business days around the European Union.
Licenses and security
Admiral Markets is, like its headquarters suggest, regulated under British law and British watchdog Financial Conduct Authority.
Regulation by the FCA is very rigorous and the authorities do not hesitate to award millions in fines in case of irregularities, but this is not the case with Admiral Markets. With a broker regulated by the FCA the clients can have the confidence that, in a worst case scenario, their deposits are insured up to £ 50 000.
Good reputation of the broker adds to the high sense of safety along with the fact that clients' money is not kept in the same account as the broker's, but on special segregated accounts with large foreign banks.
Summary of the review
If someone is just starting trading, it is possible that in the beginning there would be some confusion with AM's MetaTrader as this software requires time to understand and master. Minor shortcoming is only around 140 trading instruments. Some might also miss the welcome bonus usually offered by other brokers, which especially helps the beginners to get over the initial setbacks.
For those with some trading experiences and looking for first class service and, in particular, trading forex, crude oil or precious metals, Admiral Markets might just be the broker number one. The reason for choosing AM can also be their branch in London and well insured deposits.
Broker offers a free demo account, in which it is possible to test the excellent AutoChartist and MetaTrader Supreme Edition. There is nothing stopping you from opening a trial account with AM and asses the strengths and weaknesses of this broker by yourself.