Is AdmiralMarketsTrade.com Legit or A Scam Broker?

Are you considering trading with Admiral Markets Trade? This review will provide a comprehensive analysis of the broker, including its features, regulations, and potential drawbacks. We’ll also address the question of legitimacy and explore any red flags to be aware of.

Admiral Markets Trade is not a scam broker according to Broker Complaint Alert, a service that investigates fraudulent activity. Admiral Markets, the parent company, is a well-established forex broker founded in 2001. It’s regulated by multiple tier-1 agencies like the UK’s Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC). This regulation offers a layer of security for traders, as these agencies have strict requirements for brokers.

However, it’s important to remember that regulation doesn’t guarantee a perfect experience. We’ll delve deeper into some potential red flags to consider before opening an account.

What is AdmiralMarketsTrade.com?

Admiral Markets Trade is a brand name used by Admiral Markets to offer forex and CFD trading services. They primarily focus on the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms.

AdmiralMarketsTrade Details

Deposits and Withdrawals

Admiral Markets Trade offers a variety of deposit and withdrawal methods, including bank transfers, credit cards, and e-wallets. However, some options may incur fees, so be sure to check the specific charges before making a transaction.

If you have lost money to companies like Xmeta; or Secretescapes-World; please report it to us on our Report a Scam form.

Account Types

This broker provides several account options to suit different trading styles. Here’s a brief overview:

• Admiral Markets Trade.MT4: This standard account offers commission-free forex trading with spreads starting from 0.5 pips.
• Admiral Prime Zero.MT4: This account features lower spreads (starting from 0 pips) but charges commissions on trades.
• Admiral Markets Trade.MT5: Similar to the MT4 standard account, but on the MT5 platform, it has the ability to hold more open orders.

Red Flags and Warning Signs

While Admiral Markets appears to be a legitimate broker, there are a few potential red flags to consider:

• Limited deposit/withdrawal options: Compared to some competitors, Admiral Markets Trade offers a smaller selection of payment methods.
• Inactivity fees: If your account remains inactive for more than 24 months with a positive balance, a monthly fee applies.
• Currency conversion charges: A 1% fee is charged for converting between currencies within your account.

Customer Complaints and Negative Reviews Online

It’s always wise to research customer experiences before choosing a broker. While Admiral Markets receives generally positive reviews, some users mention issues with withdrawal processing times and limited customer support hours (24/5, not 24/7).

AdmiralMarketsTrade.com Alternative Brokers

If you’re unsure about Admiral Markets Trade, here are a few reputable forex brokers to consider:

• Interactive Brokers
• Saxo Capital Markets
• TD Ameritrade

Got Scammed by AdmiralMarketsTrade.com? We Help Victims!

If you believe you’ve been scammed by Admiral Markets Trade, Broker Complaint Alert can be a helpful resource. This service offers free consultations and can recommend recovery services if applicable. However, it’s important to understand that recovering funds lost to scams can be challenging or You can report to us today using the form below.

In conclusion, Admiral Markets Trade appears to be a legitimate forex broker with a good reputation and strong regulation. However, be aware of potential drawbacks like limited deposit/withdrawal options and fees before opening an account. Consider your trading needs and research alternative brokers to find the best fit for you.