Company Overview
Admiral Markets is a multi-award winning broker that offers a wide range of trading products, including forex, CFDs, stocks, indices, and commodities. The company has a user-friendly trading platform and offers a variety of educational resources for traders.Does Admiral Markets Have Any License?
Yes, Admiral Markets is licensed by the Financial Conduct Authority (FCA) in the UK. The FCA is one of the most respected financial regulators in the world.Is Admiral Markets Regulated By Any Authority?
In addition to the FCA, Admiral Markets is also regulated by the following authorities:
Pros and Cons
Pros:
- Regulated by top-tier regulators
- Educational resources for traders
Cons:
- High spreads
- No phone support
- Some negative reviews online
How Does Admiral Markets Reach To Their Prey?
Admiral Markets targets new traders with aggressive marketing campaigns. The company often uses social media and online ads to reach potential clients. Admiral Markets also offers free trading courses and webinars, which can be a way to attract new traders.
Technical Details
Minimum Deposit:
The minimum deposit for an Admiral Markets account is $100.
Trading Platform:
Admiral Markets offers the MetaTrader 4 and MetaTrader 5 trading platforms. These platforms are popular among traders because they are easy to use and offer a wide range of features.
Spread:
The spreads on Admiral Markets accounts are competitive. The average spread for EUR/USD is 0.8 pips.
Leverages:
Admiral Markets offers leverage up to 1:500. However, it is important to note that high leverage can magnify losses as well as profits.
Packages and Products They Offer
Admiral Markets offers a variety of trading packages, including:
- Standard account: This account has a low minimum deposit and no commission. However, the spreads are wider than on other accounts.
- Pro account: This account has a higher minimum deposit but lower spreads. It also offers access to more trading features.
- Zero account: This account has zero commissions but wider spreads.
Withdrawal and Deposit Method
AdmiralMarkets offer a variety of withdrawal and deposit methods, including:
- Bank wire transfer
- Credit card
- Debit card
- Skrill
- Neteller
What Do Their Previous Traders Say?
There are some negative reviews about Admiral Markets online. Some traders have complained about high spreads, slow customer support, and difficulty withdrawing funds.
Summing Up- Why Should Not You Trust Admiral Markets
Despite being regulated by top-tier regulators, there are some reasons why you should not trust Admiral Markets. The company has high spreads, no phone support, and some negative reviews online. Additionally, Admiral Markets has been accused of using aggressive marketing tactics to target new traders.
If Bad Things Happen, Where Can You Get The Quick Solution?
If you have lost money with Admiral Markets, you may be able to get your money back through a chargeback or a refund. You can also contact a financial recovery company for help.
You can also contact us to get a free consultation if you lose money. We will provide you with some service recommendations that will help you to recover the lost fund.
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Final Thoughts
Admiral Markets is a regulated broker, but there are some reasons why you should be cautious about using their services. If you are considering trading with Admiral Markets, it is important to do your research and understand the risks involved.
If you are looking for a reliable forex and CFD broker, we recommend that you choose a different company. There are many reputable brokers out there that offer better services and lower fees.
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