Does Admiral Markets allow scalping?
For those who are yet unfamiliar, Admiral Markets is a globally-regulated award-winning Forex and CFD broker. It offers over 8,000 financial instruments to trade via the most popular trading platforms in the world: MetaTrader 4 and MetaTrader.
Although this platform is globally recognized, not all brokers are created equal. Instead, each platform has its own unique set of rules and regulations by which they are governed. For instance, not all brokers allow scalping. The following is a closer look at Admirals Market and how they handle scalping.
What are the trading restrictions on Admiral Markets?
For those who are yet unfamiliar, scalping is a method of trading Forex based on real-time technical analysis. It allows investors to take advantage of minor changes in price over a short period of time. Nevertheless, to be successful in scalping, you must take the time to learn the strategies and have a winning exit strategy to avoid major losses and reduce your overall profit margin.
Investors can distribute Scalping Signals via
Facebook - different groups, posts, etc.
SMS
Social media apps (i.e., Telegram)
Inside different Forex trading platforms
Investors are also advised to never scalp for fewer than 10 pips.
Admiral Markets execution speed, fees, and spreads
The trading spread for forex is essentially the difference between the Bid (or But) and the Asking (or Selling) price of a currency pair. In terms of trading times and the Forex market, the highest levels of volume and liquidity commonly occur in London (08:00 - 17:00 GMT/BST) and New York (13:00 - 22:00 GMT/BST) trading sessions. This makes these spreads enticing for a wide array of Forex scalpers.
However, this largely depends on the type of Forex scalping strategy used. For instance, the Forex 1-minute scalping strategy is most commonly used by beginners because of its simplicity. This scalping Forex strategy involves uncovering an opportunity, opening a position, seeking to gain a few pips, and finally, closing the position.
Generally speaking, most traders scalp currency pairs in a time frame between 1 and 15 minutes. Therefore, generally speaking, those seeking to scalp on Admiral Markets will do so between those time frames.
Here is a closer look at Admiral Markets’ best execution criteria:
The speed of execution and settlement.
5.1.3 likelihood of execution and settlement.
5.1.4 the size and type of the order, as well as the transaction and its impact on the market.
As far as commissions are concerned, Admiral Markets has a general rule of thumb that includes a $3.00 commission per lot per trade plus the spread costs.
Comparison of scalping conditions at Admiral Markets and its competitors
| XM | Admiral Markets | Pepperstone | |
|---|---|---|---|
| Average commission | $3.5 per lot plus a small spread cost. |
$3.00 commission per lot per trade plus spread costs. |
$7 per round |
| EURUSD average spread | 0.1 Pips | 0.8 Pips | 0.09 pips |
FAQ
What are scalping signals?
Scalping signals are signals provided by human or robot traders in order to highlight a potential trading setup. These signals may be sent via social media apps, email, or through your trading platform.
Can you make money by scalping forex on Admiral Markets?
Yes, you can make money by scalping forex on Admirals Market. However, as with all types of investments, only a small number of traders will be successful using this method. In other words, it is entirely possible for traders to make money scalping on Admiral Markets. Nevertheless, to do so in the long term requires the ability to study and hone your skills over time.
What other services does Admiral Markets offer?
Admiral Markets also provides excellent educational material for Forex trading– this includes materials such as live-trading sessions, webinars, trade alerts, daily Forex analysis, and one-on-one consultations with experts.
What is a long or short position?
It’s trader jargon for a buy or a sell order. So, if you are buying currency pairs, you are opening long positions. If you sell one lot of EUR/USD, you are taking on a short position.
Team that worked on the article
Andrey Mastykin is an experienced author, editor, and content strategist who has been with Traders Union since 2020. As an editor, he is meticulous about fact-checking and ensuring the accuracy of all information published on the Traders Union platform. Andrey focuses on educating readers about the potential rewards and risks involved in trading financial markets.
He firmly believes that passive investing is a more suitable strategy for most individuals. Andrey's conservative approach and focus on risk management resonate with many readers, making him a trusted source of financial information.
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.
The topics he covers include trading signals, cryptocurrencies, Forex brokers, stock brokers, expert advisors, binary options. He has also worked on the ratings of brokers and many other materials.
Dr. BJ Johnson’s motto: It always seems impossible until it’s done. You can do it.