Established in 2001, Admiral Markets has been operating as a registered broker for 20 years. The brokerage firm originated from Estonia. However, its head office is in the UK. It is regulated by the Financial Conduct Authority (FCA). This adds to its credibility. Brokers that are backed by a reputable regulatory body are less likely to scam.
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Admiral Markets keeps all client funds in a separate bank account. For additional security, they use only tier-1 banks. Tier-1 is a term that defines the bank’s financial strength. You can trade in various account currencies through Admiral Markets. They offer EUR, USD, GBP and much more.
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In addition to that, the broker provides multiple deposit options as well. It offers bank transfers, Klarna, VISA, PayPal etc. You can choose what suits you the best.
The minimum deposit for opening a live account is 100USD. The maximum leverage is 1:30-1:20. The lowest spread is 0.5pips on EUR/USD.
You can choose between a wide range of accounts as well. It offers micro, mini, standard and ECN accounts. The trader can opt according to their preference. On top of that, Admiral Markets offers a Demo account for practice as well.
Pros
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24/7 Support
Cons
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No FSCA Regulation
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No ZAR Account Currency
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Broker Not Verified
Admiral Markets supports both MT4 and MT5 trading platforms. This makes the broker stand out amongst its competitors. It also provides services via WebTrader.
The broker offers customer support in a wide range of languages. It provides live chat service in English, Spanish, German, Dutch and many more. This makes trading much easier.
Jason Morgan is an experienced forex analyst and writer with a deep understanding of the financial markets. With over 15+ years of industry experience, he has honed his skills in analyzing and forecasting currency movements, providing valuable insights to traders and investors.
Forex Content Writer | Market Analyst
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