Admirals is a leading global broker offering a wide range of trading services and products, from Forex and CFDs to stocks, indices, and commodities, to traders in the USA, UK, EU, and beyond. This review will examine all of the benefits and drawbacks of the platform in question and determine whether it’s the best option for you.
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What is Admirals?
Admirals is a global forex and CFD broker regulated by top-tier authorities such as the FCA and ASIC. It offers low fees, fast and mostly free deposits and withdrawals, and multiple payment options. Account opening is user-friendly and fast. However, the product portfolio is limited to mostly CFDs, and customer support is not available 24/7. It is a reliable broker with competitive fees, but the limited product portfolio and lack of 24/7 customer support should be taken into consideration. You’ve probably heard of Admiral Markets USA, UK, EU, or any other branch of this particular broker if you’ve spent any time in the financial industry. It’s quite well-liked, and not only in Europe!
Admirals, formerly Admiral Markets, is celebrating its 20th anniversary with a rebranding and an expanded product offering. Admirals is redefining personal finance by introducing integrated solutions for investing, spending, and managing money. Admirals is committed to providing customers with the same level of service and quality that they have come to expect over the past 20 years. With Admirals, customers can now access a comprehensive suite of products and services to help them make informed decisions about their finances.
Key Features of Admirals
Account opening: The process for opening an account and having it verified is quick and entirely digital. The $100 minimum deposit is obviously not too much.
Deposit and withdrawal: There are no fees for deposits or withdrawals at Admirals. For deposits and withdrawals, you can utilize cards, bank transfers, or e-wallets, albeit not all customers can use every e-wallet option.
Markets and products: Admirals (Admiral Markets) principally offers forex, CFDs, and cryptocurrencies to the majority of users. Real stocks and ETFs are available for people using the Invest.MT5 account type.
Research: You can use the MT platform’s research tools. Admirals, on the other hand, provides excellent alternative web tools such as a Forex calendar and market news.
Education: Admirals (Admiral Markets) offers high-quality educational texts, webinars, and videos, as well as a demo account.
Safety: Admirals is governed by several financial regulators, including the FCA, ASIC, and CySEC. It also protects against negative balance. It does not, however, have a banking license.
Key Advantages of Admirals
Okay, now that we have that out of the way, let’s talk about the advantages of the particular brokerage.
High-End Trading Platform
Admirals offers two versions of its webtrader platform – MT4 and MT5 – for day traders to use when trading cryptocurrencies. MT4 is the industry standard and is the platform that many traders are familiar with. Admirals customer reviews show that the platform is reliable and easy to use, with features and functionality that make it ideal for day traders. With its intuitive design and advanced features, Admiral Markets webtrader is a great choice for those looking to trade cryptocurrencies.
Admirals is a reliable and trusted broker that offers its customers the ability to use both the MT4 and MT5 trading platforms. This is great news for any active trader, as it allows them to access all the necessary information and analysis they need to make informed and profitable trades. The MT4 platform is the most popular and widely used, but the MT5 version offers more advanced features and functionality. Both platforms offer a comprehensive trading dashboard, allowing users to access and analyze graphs and charts. With Admirals USA, traders can stay ahead of the game and make the most of their trading experience.
The Ideal Broker for Day Traders
Cryptocurrency traders can be divided into two main categories – HODLers and day traders. HODLers are those who hold cryptocurrencies for the long-term, while day traders actively trade crypto assets. Admirals reviews show that the broker is tailored to the latter, offering features such as volatility protection. Day traders can benefit from the broker’s advanced trading tools, such as the MetaTrader 4 and MetaTrader 5 platforms, as well as the ability to trade on margin. Admirals also offers a range of educational resources to help traders stay up to date with the latest market developments.
Admirals is a perfect platform for day traders, as it provides all the features they may require. It is not suitable for hodlers, however, as it is aimed at active traders and investors. Admirals USA, UK, and other branches of the broker are not suitable for hodling needs, as the platform is designed for active traders. Admirals reviews from users also confirm that day traders are the opposite of hodlers, as they partake in trading activities on a daily basis and try to make a profit while buying low and selling high. This type of trading is very risky and requires knowledge of both crypto and trading in general.
Accepts Wire Transfers as well as Credit / Debit Cards
Finding the best cryptocurrency exchange can be a challenge, especially when it comes to fiat money deposits and withdrawals. Many exchange platforms do not accept credit/debit cards or bank transfers, making it difficult for crypto enthusiasts to make deposits and withdrawals. However, for the average trading and hodling enthusiast, regulated exchanges are the best option. These exchanges are often subject to KYC verifications, but they provide a secure and reliable way to buy, sell, and trade cryptocurrencies. With the right exchange, users can access a wide range of crypto assets and benefit from features such as low fees, high liquidity, and 24/7 customer support.
Admirals is a reliable cryptocurrency exchange platform that allows users to deposit and withdraw fiat currencies in a simple and straightforward manner. Deposit options include wire transfers, credit/debit card payments, and payments made via SWIFT. Withdrawals can be made via wire transfers or SWIFT. Deposits are free, while Admiral Markets grants users 2 free withdrawals per month, after which fees may apply. This makes Admirals a great choice for those looking for a reliable and secure platform to trade cryptocurrencies.
A Reliable Broker with Years of Experience
Admirals is a reliable and trustworthy Forex and asset broker that has been around for 19 years. With a strong reputation, Admirals is slowly adding new assets for customers to trade and exchange, including cryptocurrencies. Many user Admirals reviews point to the platform as a reliable and long-term broker. With a strong reputation, Admirals is a great choice for those looking for a reliable and trustworthy broker.
CFD Cryptocurrency Trading (The Good Part)
Admirals is a unique platform for cryptocurrency trading, offering CFD trading instead of actual cryptocurrency exchange. CFD trading allows traders to speculate on the price of a cryptocurrency without actually owning it. Admirals offers a wide range of cryptocurrency CFDs, including Bitcoin, Ethereum, Litecoin, and Ripple. The platform also offers a variety of trading tools and features, such as advanced charting, automated trading, and a free demo account. With competitive spreads and no commissions, Admiral Markets is a great choice for traders looking to get started in cryptocurrency trading.
Contracts for Difference (CFDs) are a popular financial instrument used by traders around the world for day trading activities. With a CFD, you don’t buy the underlying asset, such as cryptocurrency, but instead ‘bet’ on the price of the asset. This type of trading is controversial, but it can be beneficial for those who don’t want to own or manage their cryptos but still want to make a profit. Admirals reviews suggest that CFD trading is perfect for those who don’t want to get into the details of owning crypto, and the Admirals web trader is a great platform for trading cryptocurrency CFDs.
Key Disadvantages of Admirals
Let’s see what are the less-positive things that people have to say about the brokerage in question.
CFD Cryptocurrency Trading (The Bad Part)
Admirals (Admiral Markets) offers Contracts for Difference (CFDs) for trading cryptocurrencies, but this is not an ideal way for most crypto enthusiasts. The whole point of cryptocurrencies is to actually own them, but with CFDs, you are simply betting on the price. This is not the same as derivative trading, where you would own a contract for the underlying asset. This controversial topic is part of the reason why there are not many Admirals reviews online. CFDs are not the traditional way of trading cryptos, and most crypto enthusiasts will likely turn to the traditional way of trading.
A Forex Trading Platform (With a Limited Crypto Selection)
Admirals is a popular trading platform, but it is not catered to those who want to trade cryptocurrencies. The platform does not have a lot of crypto coins available for CFD trading, with only 11 options available. This might be enough for those who want to focus on one or two coins, but it is not enough for those who want to explore different cryptos. Admirals reviews also mention that the platform refers to cryptocurrencies as “digital currencies”.
Not Available for US Residents… Yet?
It appears that US-based customers are unable to trade crypto CFDs on the platform due to some regulatory issues. This is a huge disappointment, as the US is a major market for crypto trading. On the other hand, the Admirals website does provide information about trading crypto CFDs, which can be confusing for potential investors. Ultimately, it is unclear whether US-based customers can trade crypto CFDs on Admirals, and this inconsistency of information could be a deterrent for potential investors.
Not for First-Time Traders
Admirals is a popular online brokerage platform, but it may not be the best choice for beginner crypto traders. Reviews of the platform suggest that it can be confusing to use, and many users find it difficult to navigate. Experienced traders may find the platform useful, but for those just starting out in the crypto world, there are easier-to-use exchanges available. Admirals may be a good choice for experienced traders, but beginners should look elsewhere.
How to Register on Admirals?
First things first – the registration process.
- Step 1: Go to the Admirals official website.
- Step 2: When you arrive, look for the large green “Start Trading” button in the upper-right corner of the screen. That’s where you’re going.
- Step 3: Just like any other brokerage platform, you’ll need to fill out some basic information about yourself. Your full name, phone number, email address, and country of residence are among the details included.
- Step 4: You will then receive an email to confirm the creation of your account. Navigate to your email and click the link there.
- Step 5: You will be redirected to your dashboard and instructed to complete the remaining account verification and activation procedures. Verifying your identity and address, accepting account setup legalities, depositing funds, and so on are examples of these.
If you choose to open an account right away, you will be able to trade real currencies and other assets in a short period of time. To begin, choose between the M4 and M5 Admiral Markets webtrader platforms, set your leverage, and tweak a few other minor options.
Conclusions
Admirals is an established broker with a great reputation, offering many high-end features. However, when it comes to cryptocurrencies, there are too many issues to overcome. Admirals do not offer a wide selection of crypto coins, and instead of buying the actual asset, traders must use CFDs. Additionally, the platform has a steep learning curve and is not available to US-based investors. Therefore, if you are looking to trade cryptocurrencies, there are better options available.
Disclaimer: Cryptocurrency trading involves significant risks and may result in the loss of your capital. You should carefully consider whether trading cryptocurrencies is right for you in light of your financial condition and ability to bear financial risks. Cryptocurrency prices are highly volatile and can fluctuate widely in a short period of time. As such, trading cryptocurrencies may not be suitable for everyone. Additionally, storing cryptocurrencies on a centralized exchange carries inherent risks, including the potential for loss due to hacking, exchange collapse, or other security breaches. We strongly advise that you seek independent professional advice before engaging in any cryptocurrency trading activities and carefully consider the security measures in place when choosing or storing your cryptocurrencies on a cryptocurrency exchange.
