Admiral Markets Review | Pros and Cons in 2024
Admiral Markets is a global forex and CFD broker that has been in operation since 2001. The company is regulated by the Financial Conduct Authority (FCA) in the United Kingdom, the Cyprus Securities and Exchange Commission (CySEC), and the Australian Securities and Investments Commission (ASIC). Admiral Markets offers a wide range of trading products, including forex, CFDs, stocks, indices, and commodities. The company also offers a variety of trading platforms, including MetaTrader 4, MetaTrader 5, and Admiral Markets' proprietary platform, Admiral Markets MetaTrader Supreme Edition.
Pros of Admiral Markets
Wide range of trading products: Admiral Markets offers a wide range of trading products, including forex, CFDs, stocks, indices, and commodities. This makes it a good choice for traders who want to trade a variety of assets.
Low spreads: Admiral Markets offers some of the lowest spreads in the industry. This means that traders can keep more of their profits.
Zero commissions on stock CFDs: Admiral Markets does not charge commissions on stock CFDs. This is a major advantage for traders who want to trade stocks without having to pay high commissions.
Variety of trading platforms: Admiral Markets offers a variety of trading platforms, including MetaTrader 4, MetaTrader 5, and Admiral Markets' proprietary platform, Admiral Markets MetaTrader Supreme Edition. This gives traders the flexibility to choose the platform that best suits their needs.
Excellent customer service: Admiral Markets has a reputation for excellent customer service. The company offers 24/7 customer support in a variety of languages.
Cons of Admiral Markets
Not available in the United States: Admiral Markets is not available to traders in the United States. This is a major drawback for US traders who are looking for a reputable forex and CFD broker.
Inactivity fee: Admiral Markets charges an inactivity fee of $10 per month after 12 months of inactivity. This can be a pain for traders who do not trade regularly.
Demo account expires after 30 days: Admiral Markets' demo account expires after 30 days. This is a relatively short amount of time to try out the platform and test trading strategies.
Overall, Admiral Markets is a good choice for traders who are looking for a reputable broker with a wide range of trading products, low spreads, and zero commissions on stock CFDs. However, the company is not available in the United States and charges an inactivity fee.
Here are some additional things to consider when choosing a forex and CFD broker:
Regulation: It is important to choose a broker that is regulated by a reputable financial authority. This will help to protect your money and ensure that you are treated fairly.
Fees: Be sure to compare the fees charged by different brokers before you open an account. This includes spreads, commissions, and other fees.
Trading platforms: Make sure that the broker offers a trading platform that you are comfortable with. There are a variety of platforms available, so be sure to choose one that meets your needs.
Customer service: It is important to choose a broker with good customer service. This will be important if you have any problems with your account or need help with using the platform.
