Are you looking for a broker to invest in Forex online or with whom to trade on the Stock Exchange or with commodities through CFDs? Admiral Markets can be a great choice. In this review, we will introduce you to the broker and review his strengths or weaknesses. However, there is a broker that people consider as an interesting alternative to Admiral Markets, i.e., Plus500. We’ll look into that in the review section, needless to mention Plus500 allows to operate without having to pay operating fees (76,4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money).
Despite Plus500 being reviewed positively, this is a review from Admiral Markets. Admiral Markets has been offering its services since 2001. Therefore, it has gained enough experience to offer us certain trust. Either way, we’ll examine whether it is reliable to study the regulation. Afterwards, we’ll stop and examine its trading characteristics; i.e., the commissions, the platform, etc.
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Regulation: Is Admiral Markets safe?
Always, and when we say always, we mean it, we must analyze where and how the broker is regulated. Whether the Broker is regulated or not, it does not provide us absolute certainty whether it is trustworthy, but it does offer us certain tranquility because we will know that there will be a supervisory entity controlling it.
Admiral Markets is registered with the FCA of the United Kingdom. This provides us some security because if we know that these agencies are supervising it, it will most likely not be a scam, but rather a serious company.
On the other hand, and in order to offer greater security, the accounts with the money from clients are segregated. This means that managers and owners of the broker cannot directly handle the money and funds from clients. In doing so, and in the event of company bankruptcy, the money will be kept in these separate accounts so it is even more protected. Therefore, given that it is impossible to know whether there will be a problem in the future, we do believe, generally speaking, that it is a serious and reliable company.
Do Admiral Markets pay?
Regulated companies in European countries are usually reliable and do not place any payment difficulties. In this regard, and after reviewing online views on Admiral Markets, we have not found anyone who has experienced problems when requesting to withdraw funds. And although not viewing negative comments about payments does not convey an absolute truth, we can affirm that they correctly pay their clients and do not offer difficult conditions to fulfill.
Now, it’s time to analyze something basic and nonetheless very important, the commissions from Admiral Markets which allows us to trade. Obviously, the most reasonable thing for a trader is to find a broker as cheap as possible. When doing so, we should not get carried away by the ads or news press, but rather analyze the rates in the most objective way.
The commissions in the trading world with CFDs are usually varied. That is, you do not have to pay to invest, but will encounter spreads. Spreads refer to the prices that you have to pay or the price you will get for buying or selling a CFD on an underlying asset. For example, if you buy shares from a company like Facebook through CFDs, you will see that the price varies slightly if you want to sell the shares through those same CFDs. Therefore, spreads are most beneficial for the investor.
The image below allows you to see the spreads of CFDs on a common commodity in trading, gold. As you can see, there is some difference between the available price for buying and selling, and the same thing applies for assets, such as currencies if you are interested in trading forex, or stocks and indexes if you like trading in the Stock Exchange.
We believe that spreads from Plus500 are more attractive in many cases. For example, in the Euro / Dollar currency, which is the most popular in Forex trading, the spread reaches very low on many occasions as it is variable. Few brokers offer small spreads, so we believe it may be interesting to learn more about them. So, if you want to learn more about spreads from Plus500, simply click here (76,4% of retail CFD accounts lose money).
We do not want to ignore the comments left by traders on social networks and specialized forums. Your opinion is very valuable to us and the reputation of companies such as Admiral Markets greatly depend on those type of comments. Therefore, we decided to analyze which are the most repeated comments in order to get an idea of the opinions of investors who have been or are customers. In doing so, if we see that the vast majority of comments are bad, perhaps it would be a great idea to look into an alternative broker. If all of them are positive, perhaps we are before one of the best brokers in the world in 2021. As you will see below. Admiral Markets, as with the reviews from brokers like FXCM, is in the middle range, neither great or bad.
Not all of the Admiral Markets reviews are positive, but the most repeated one refers to its reliability. It seems like investors perceive Admiral Markers as a trustworthy broker due to regulation. Having an available office open to the public in 2021 has also contributed. The available platforms with those of MetaTrader, which are highly valued by investors, especially MetaTrader 4 which has useful tools to invest in financial markets.
As previously mentioned, not all reviews are positive, as there are also negative reviews. As you can imagine, not offering a welcome bonus does not make investors very happy, although this is due to regulation, among other aspects. Spreads are another issue as they are considered too high in many cases.
We are almost at the end of our review, and before concluding and give our final remarks, we would like to see in a schematic way the most important issues we’ve discussed in this article. To do so, we will conduct a small and simple analysis regarding the advantages and disadvantages of the broker, to determine which characteristics are the most outstanding.
- Conveniently regulated
- Available in English
- MetaTrader 4 as default platform
- Spreads can be improved in Forex as well with other assets
- Not usually considered as one of the best brokers
- Offers can be significantly improved
We do not want to finish without reminding you that trading with CFDs possess very high risks. Know that we have pointed this out, we can move forward. We have now reached the end of the review, and we believe this is the right time to review the factors that we believe are most important. We believe that Admiral Markets has an acceptable quality for trading. Operations are not expensive and security seems to be high. Despite the above, we believe it is a good idea to take a look at another high-quality broker such as Plus500.
If you want to learn more about Plus500, we can share with you that it complies with the regulations and their spreads are well adjusted. In addition, it is becoming famous, aside from sponsoring the Atlético de Madrid in 2021 given their zero dealing commissions. If you want to register for Plus500 without dealing commissions, click this link (76,4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money).