How to buy/sell on Admiral Markets
Founded in 2001, Admiral Markets is a global trading company. In today's global marketplace, the company has several hundred thousand registered traders in countries such as Germany, India, and China. While the company has offices in many cities, including London and Zagreb, its headquarters are in Tallinn, Estonia.
Among Admiral Market's regulatory affiliations are the UK Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC).
If you’re thinking about trading with Admiral Markets, but aren’t sure how, this article will be your guide. We’ll go over a variety of things you should know about when signing up for an account with this well-known broker, from the trading instruments they offer to their fees.
Available Trading Instruments on Admiral Markets
The many trading instruments offered by Admiral Markets include:
Forex: Traders at Admiral Markets can trade over 40 minor and major currency pairs with flexible leverage (maximum 1:500) and tight spreads all 24 hours a day, 5 days a week. Trading hours at Admiral Markets are in accordance with market standards. Hours of operation depend on the instrument traded, but generally run from Monday through Friday, although crypto is traded in decent volume over the weekend.
Stocks & CFDs: As an Admiral Markets client, you can trade both stocks and stock CFDs. It’s important to note that there is a high degree of risk associated with CFDs (contracts for difference). By purchasing a CFD, you speculate on the price movement of an asset without actually owning it. Suppose you buy a Tesla shares CFD and the Tesla share price rises, your CFD's value will rise as well. But if the opposite occurs, your value will drop, causing you to lose money.
Indices: Users of Admiral Markets can also trade indices on the stock market. With no commissions or expiration, the platform offers leverage up to 1:500 for index trading. Here, Admiral Markets requires only a $1 deposit.
Cryptocurrencies: Bitcoin, Ethereum, Litecoin, and Ripple are some of the popular cryptocurrency pairs available on the Admiral Markets platform.
Platform & Features
Admiral Markets offers MetaTrader and CopyTrader platforms. Below are more details about the two different trading platforms you have access to when you become a client.
MetaTrader
Admiral Markets has implemented the highly sought after MetaTrader platforms directly on its platform. In case you are not familiar with MetaTrader, it is an online trading platform that allows you to automate your trading through its intuitive user interface. MetaTrader is popular with a wide range of traders, but forex traders especially enjoy using this platform. The Admiral Markets platform supports both MetaTrader 4 and 5 on desktop and mobile devices.
CopyTrader
The copy trading functionality offered by brokerage platforms is becoming increasingly popular, and Admirals is no different. This allows traders to copy more experienced traders' trades.
By doing so, they are able to take advantage of the invaluable experience that veteran traders have gained over the course of their trading careers.
It is intended for new traders who do not have the knowledge or experience to effectively trade the markets, but would like to start putting their capital to work. You will need to answer some rudimentary questions in order to access this feature. Once you have answered this question, you will be able to find traders to copy.
How Much Does it Cost to Trade on Admiral Markets?
When you trade on Admiral Markets, you will be subject to paying spreads, fees, and commissions. Here they are below:
Spreads are the differences between the sale price and the purchase price of an asset. Forex spreads are the differences between a currency pair's bid and ask prices. With an online broker, an asset's sale price is usually lower than its purchase price. Opening and closing a position immediately will result in a loss.
In this case, the loss equals the spread. Brokers and market conditions determine the spread. During periods of high liquidity, you'll find that spreads are tighter on majors than on crosses, for example. Among the spreads offered are Gold: 20 pips, EURUSD: 0.6 pips, and NQ100: 0.8 pips.
Before placing a trade, you must also consider different trading fees. Similarly to the spreads, broker fees vary from one to another. Admiral Markets charges trading commission transaction fees.
Commissions are charged by forex brokers who offer ECN and STP trading accounts. A lot can be traded for between $1.8 and $3. Due to swaps and spreads, traders pay no commissions on traditional MT4 accounts. On ETFs and shares, Admiral Markets charges a commission of a percentage.
Swap fees are also charged. Traders who hold their positions or trades overnight are required to pay swap. At the end of the day, you are credited or debited with the swap. Markets you trade determine Admiral Markets' overnight fees. There’s also inactivity fees. Clients with a positive balance and who have been inactive for more than a year are charged 10 EUR per month. The fee does not apply if your account is not greater than zero.
Unlike other trading firms, Admiral Markets requires its clients to pay for internal transfers between different trading accounts that don't have the same base currency. A 1% fee is applied to the total amount.
How to Start Trading on the Admiral Markets Platform
To get started trading on the Admiral Markets platform, you must first create an account. Beginner traders can start with the demo while those with previous experience can choose from a broad range of live accounts. You can choose from their Trade.MT5, Invest.MT5, and Zero.MT5 accounts.
Here’s how to get started:
Create a Trader’s Room account
You will be able to create a demo account and live trading account, as well as deposit and withdraw funds on this account management system.
Choose your trading platform
You can trade directly in your browser with MetaTrader WebTrader or download the MetaTrader 5 or 4 trading platform on your computer or mobile phone.
Start Trading
Start practicing on a demo account or deposit funds for live trading after logging in with your account credentials. You must deposit a minimum of $250 to get started with a live account on Admiral Markets.
An Example of How to Trade on Admiral Markets
To buy/sell and asset on Admiral Markets, you’ll first need to sign into your Trader’s Room account.
Admiral Markets
Then, if you haven’t done so already, add your payment method to your account. You can deposit funds via credit/debit card, wire transfer, and Neteller. If you live in the UK, you can also deposit via PayPal.
Choose the asset you want to buy/sell. Enter the quantity.
Complete the transaction.
FAQ
What is a spread on Admiral Markets?
Depending on your account type, Admirals offers spread-free trading. For example, spreads start at zero with an MT5 account. An opening commission of $3 and a closing commission of $3 is charged per contract.
Is Admiral Markets ECN?
No. As a market maker, Admiral Markets does not use an ECN model for its retail accounts.
What is the minimum deposit for Admiral Markets?
Admiral Markets requires a $250 USD minimum deposit to open an account.
What deposit methods are available on Admiral Markets?
You can deposit funds through Admiral Markets in a variety of ways, including Bank Wire Transfer, Visa Credit or Debit Card, Mastercard Credit or Debit Card, Skrill, Neteller, and PayPal (this option is available under Admiral Markets UK).
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.