Admirals Philippines Review 2024 - TU expert opinion
Is the Forex market legit in Philippines?
Forex trading is legal in the Philippines, however there are certain difficulties. The operation of the Forex market in the Philippines is regulated by the Philippines Securities and Exchange Commission. Due to a complex law, there are few local brokers in the country. The Philippines Securities and Exchange Commission is generally hostile, which is why trading is problematic. However, the residents of the Philippines can use the services of international brokerage organizations. Therefore, it is worth considering the possibility of trading with international companies.
How to Trade Forex in the Philippines
For a safe start in the Forex market, you need to register on the website of an international brokerage company with a stable reputation, and a SEC license for providing financial services. Make sure you have a stable high-speed Internet connection on your device. After registering, pass verification and fund your account using your debit/credit card or another option. Next, you need to install a trading platform or download the broker’s mobile app if you plan to trade with your smartphone. As soon as your deposit is credited to your account, you can start trading any currency pairs your broker offers.
Our Evaluation of Admirals
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Admirals is one of the top brokers in the financial market with the TU Overall Score of 8.33 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by clients on our website, Traders Union expert Anton Kharitonov believes he can recommend this company as the majority of reviews prove that the broker’s clients are fully satisfied with the company.
Admirals is a suitable broker for both beginner traders as well as professional traders.
Detailed Review of Admirals in Philippines
Admirals is a good choice for traders from Philippines. The broker complies with all the requirements of the local regulator and offers attractive trading conditions for the clients.
Admirals was founded in 2001. Over more than 20 years, it has grown into a group of companies operating in more than 130 countries worldwide. During this time, the broker has become a high-tech platform that operates in both over-the-counter and stock exchange markets. Through direct access to institutional liquidity providers, Admirals offers traders the best spreads and guarantees almost no requotes and slippages when trading CFDs. The broker’s separate technological solution is the Invest account, which provides for trading stocks and ETFs with a minimum deposit of $1.
Admirals by the numbers:
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5,000+ assets from exchange and over-the-counter markets.
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More than 6 licenses from regulators and insurance of client money of up to $100,000, regardless of the trader’s jurisdiction.
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1,000,000+ users worldwide.
Advantages of Admirals for trading in Philippines
Traders Union analysts conducted a detailed analysis of Admirals for traders from Philippines. The experts outlined the key benefits of the company for the clients from this country. The advantages of the broker are as follows:
rapid account opening;
possibilities of rapid deposit and withdrawal;
many European currencies are available for trading;
several types of analytics that allow you to decide on the next steps;
minimum spread.
You can use proven trading strategies to increase the efficiency of your work on the Admirals website.
Analysis of the Main Features of Admirals in Philippines
Traders Union analysts analyzed the key features of Admirals for traders from Philippines. TU uses its own evaluation method, assessing each block separately. Based on the results of the assessment, an overall score is given.
Trading conditions for Admirals traders from Philippines
It is important to assess trading conditions before you decide to work with a specific company. Traders Union analysts have prepared a comparison of Admirals trading conditions for traders from Philippines. The experts analyzed minimum deposit, trading platforms, leverage and other important information that could impact a trader's choice of a broker.
💻 Trading platform: |
МТ4, MT5, MetaTrader Supreme Edition, WebTrader
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📊 Accounts: |
ASIC - AUD and USD. FCA - EUR, USD, GBP, CHF, and RUB. CySEC - EUR, USD, GBP, CHF, BGN, RON, PLN, HUF, HRK, and CZK. JSC - EUR, USD, JOD, AED, and GBP
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💰 Account currency: |
ASIC - AUD, USD. FCA - EUR, USD, GBP, CHF, RUB. CySEC - EUR, USD, GBP, CHF, BGN, RON, PLN, HUF, HRK, CZK. JSC - EUR, USD, JOD, AED, GBP.
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💵 Replenishment / Withdrawal: |
Bank transfer, Visa and MasterCard bank cards (deposits only), Skrill, and Neteller for the ASIC regulated broker. Bank transfer, Visa and MasterCard bank cards, Skrill, Neteller, Klarna (deposits only), PayPal, and iBank&BankLink for the FCA regulated broker. Bank transfer, Visa and MasterCard bank cards, Skrill, and Klarna (deposits only) for the CySec regulated broker. Bank transfer, Visa and MasterCard bank cards (deposits only), and Perfect Money for the JSC regulated broker.
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🚀 Minimum deposit: |
$1 — $100, $250
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⚖️ Leverage: |
Up to 1:20-1:30 for retail traders subject to the asset type, up to 1:10-1:500 for professional traders, and up to 1:10-1:500 for all traders with JSC.
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💼 PAMM-accounts: |
No
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📈️ Min Order: |
0.01 (step — 0.01) — 100
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💱 Spread: |
From 0-0.5 pips.
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🔧 Instruments: |
stocks, ETFs, as well as CFDs on currency pairs, commodities, stocks, indices, bonds, ETFs, and cryptocurrencies.
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💹 Margin Call / Stop Out: |
50% for retail traders and 30% for professional traders.
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🏛 Liquidity provider: |
Institutional banks from different countries, such as Citibank, Goldman Sachs, UBS, and Deutsche Bank.
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📱 Mobile trading: |
Mobile version available
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➕ Affiliate program: |
Yes
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📋 Orders execution: |
Market and exchange execution for the Invest account
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⭐ Trading features: |
Available options for protection against volatility; One-click trading. There is a copy trading platform (available with CySec)
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🎁 Contests and bonuses: |
No
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Admirals Commissions and Fees
Traders Union analysts analyzed commissions and fees charged by Admirals for traders from Philippines. Within the framework of the analysis, all types of trading and non-trading fees traders are charged with were evaluated.
TU experts have analyzed trading conditions (spreads and fees) of the Admirals group of companies. Results are provided as a list:
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Spreads and fees are not subject to the broker. It means that liquidity providers are the same for the entire group.
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The Zero MT4/MT5 account has a fixed fee per 1 full standard lot. Forex and metals are charged with a fee ranging from $1.8 to $3 per 1 lot. Energies are charged with a $1 fee per lot. The fee is indicated per one transaction, thus it is doubled when closing a trade.
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There is a $0.02 fee per transaction for trading stocks and ETFs.
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There is a withdrawal fee which is subject to the payment system and the broker. Its minimum ranges from $1 to $15. All withdrawal fees are discussed in detail in the following blocks.
Account type | Spread (minimum value) | Withdrawal commission |
Trade MT4/MT5 | from $5 | Yes |
Zero MT4/MT5 | from $0 | Yes |
Zero MT4/MT5 | from $0 | Yes |
Also, TU experts have compared Admirals’ spreads with those of its main competitors. Spread (expressed in USD) for the EUR/USD pair on a standard account per 1 full lot was taken as the basis.
FAQs
Is Admirals legal in Philippines?
Yes. Admirals operates legally in Philippines. The broker holds the necessary licenses.
Can you learn trading with Admirals? Does the broker offer courses for traders from Philippines?
Yes, Admirals offers good trading courses and a lot of educational information for clients from Philippines.
Can Admirals be trusted? Has the broker been operating in Philippines long?
Admirals has been operating in Philippines quite long and has a good reputation. Therefore, traders can work with Admirals.
Is Admirals suitable for novice traders from Philippines?
Yes. Admirals offers optimal trading conditions and good education for beginners from Philippines.
How efficient is Admirals customer support in Philippines?
Admirals offers a sufficient number of ways to contact customer support in Philippines, and also provides support in the state language.
Has Admirals had any incidents involving theft of funds of clients from Philippines?
No. Admirals provides reliable security of funds of clients from Philippines.
Will I be able to file a lawsuit in Philippines if Admirals violates my rights?
Yes. If Admirals violates your rights, you can file a complaint with the regulator of Philippines, and then with a court.
Can Admirals clients from Philippines use the broker’s mobile app?
Yes. The mobile app of Admirals is available for the clients from Philippines.
Does Admirals provide Philippines market analysis?
Analysis of Philippines is featured in the information provided by Admirals.
How can I withdraw funds from my account at Admirals in Philippines?
Admirals supports bank transfers and debit/credit cards of the banks operating in Philippines.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.