Admirals' Trade MT4 and Zero MT4 accounts seem similar since both use MT4. However, traders need to pay attention to the differences in spreads, commissions, and instrument types.
Admirals is a leading forex and CFD brokerage firm that was established in 2001. The broker has obtained licenses by the FCA of the UK and ASIC of Australia to ensure clients' safety. Following the rebranding from Admiral Markets in 2021, the company aims to further assist worldwide traders and provide all-in-one solutions for spending, investing, and managing money.
If you are an MT4 user, Admirals offers two types of trading accounts that you can choose from, namely Trade.MT4 and Zero.MT4. The former is often seen as the standard account type that allows traders to trade with various instruments. Meanwhile, Zero.MT4 offers smaller spreads but it comes with a commission per trade.
In this article, we'll talk about all the differences between Trade.MT4 and Zero.MT4, along with the specifications of each option and who they are best suitable for.
Admirals Trade MT4 Account
Admirals Trade.MT4 is a popular market execution account type that offers a wide range of instruments and favorable conditions suitable for both beginners and experienced traders. With this account, you can trade forex and CFDs on indices, stocks, commodities, bonds, and cryptocurrencies. This means you can easily diversify your portfolio and trade with multiple instruments in a single account. You can either use MT4 webtrader or the app for mobile users.
You'll also get low spreads starting from 0.5 pips and no commissions with small exceptions. Transaction fees will be applied to CFDs on stocks and ETFs. Apart from that, you can enjoy no commission trading simply by depositing at least 100 USD into your account.
Admirals Zero MT4 Account
Admirals Zero.MT4 offers a major benefit of smaller spreads starting from 0 pips. In return, you need to pay a commission per trade. The commission is charged per 1.0 lots of transaction's value and the rate depends on the instrument that you use, the lowest being 0.05 USD to 3.00 USD per 1.0 lots for cash indices. Thanks to the smaller spreads, this account may be interesting for certain types of people like active scalpers and automated traders.
It is worth noting that Zero.MT4 offers a higher order size limit of 200 lots but slightly more limited instruments compared to the Trade.MT4 account The available trading instruments are forex and CFDs on cash index and commodities. However, since it allows bigger trades, this account may be suitable for professional traders who trade with bigger volumes as well.
Conclusion: Which One to Choose?
| Features | Trade.MT4 | Zero.MT4 |
| 💰Minimum Deposit | 100 USD | 100 USD |
| 💲Account Balance Currency | USD, AUD | USD, AUD |
| Available Trading Instruments | 37 currency pairs, 5 digital currency CFDs, 4 metal CFDs, 3 energy CFDs, 3 index futures CFDs, 16 cash index CFDs, 230 stock CFDs, 2 bond CFDs | 45 currency pairs, 3 metal CFDs, 10 cash index CFDs, 3 energy CFDs |
| ⚖Leverage (forex) |
|
|
| 🔢Spreads from | 0.5 pips | 0 pips |
| 💸Commissions | No commission except for single share and ETF CFDs (starting from 0.02 USD per share) |
|
| ⚡Execution Type | Market Execution | Market Execution |
| 📈Minimum Order Size | 0.01 lots | 0.01 lots |
| 📉Maximum Order Size | 100 lots | 200 lots |
| 🔂Requotes | ❌ | ❌ |
| 🕋Islamic Account | ❌ | ❌ |
| ⛔Stop Out |
|
|
| Negative Account Balance Policy | ✔️ | ✔️ |
When it comes to choosing which account to open, it is best to reflect on your trading style and needs. Based on the explanation above, Trade.MT4 is generally great for traders with various trading expertise, particularly those who like to diversify and trade from a wide range of instruments. This is because the account offers much more diverse instrument types.
Meanwhile, Zero.MT4 is considered more suitable for either professional traders, scalpers, or automated traders. Professional traders can take advantage of the larger order size, while for scalpers, the low spreads allow them to enter and exit the markets quickly without losing a significant amount of their potential profit.
All in all, both Admirals accounts are safe to choose, considering that these accounts are available on MetaTrader 4, which is arguably the most popular trading platform at the moment. The platform can be accessed on both desktop and mobile phones, so you can trade anywhere even when you're on the go. If you're still unsure about which type you should go for, it's highly advised to check out the demo account first and get familiar with the features before investing real money.
Admiral Markets is a forex and CFD brokerage that has been operating since 2001 to provide smart financial answers for traders around the globe. Their main services revolve around 3 key activities: Learning, Trade, and investing. In doing so, they have many registered subsidiaries, including Admiral Markets UK Ltd, Admiral Markets Pty Ltd (Australia), Admiral Markets AS Jordan Ltd, Admiral Markets Cyprus Ltd, Admirals SA (Pty) Ltd (South Africa), and Aglobe Investments Ltd (Seychelles) for the worldwide market.
5 Comments
Oct 9 2023
The trade.mt4 account seems to be the most promising option to me because I like to trade with no commission. Although that means the spread might be higher than the zero account, but I think the amount is still reasonable, even for beginners. Compared to other brokers, 0.5 pips is actually considered low.
What I want to know though, is that whether the trade.mt4 account is better than trade.mt5 or not. As someone who trades almost exclusively in forex, I've always found mt4 more attractive because of the simplicity and speed. However, I heard somewhere that in Admirals, you can get several additional benefits if you trade with an mt5 account. Is this true? Can someone explain please?
Oct 10 2023
Good question! Let me explain a little bit. So, in Admirals, there are two main groups of account types to choose from based on the trading platform, namely MT4 accounts and MT5 accounts. There are two types of accounts in the MT4 group namely Trade.MT4 and Zero.MT4, but in the MT5 group, there are three types of accounts namely Trade.MT5, Zero.MT5, and Invest.MT5.
In terms of trading conditions, Trade.MT4 and Trade.MT5 are generally the same, except that the former only works on MT4 and the latter only works on MT5. However, it is true that the Trade.MT5 account comes with one extra advantage and that is the availability of the Muslim-friendly swap-free account option. In order to open an Islamic account, you'll need to sign up for a Dashboard account, apply for an Trade.MT5 account and provide the required documents.
That being said, in my personal opinion, Trade.MT5 is not necessarily better than Trade.MT4 unless you are planning to open an Islamic swap-free account (which is only available for Muslim by the way). But generally speaking, both accounts offer the same amount of benefits. You just need to decide which platform suits you best.
Oct 10 2023
Seeing the number of benefits offered by Admirals, well no wonder why this broker is so popular! To be honest, I've been interested in Admirals for a while, but I haven't got the chance to learn more about their features until I stumbled into this article. Both accounts sound excellent to me, but I'm more curious about the zero spread account. Why is it good for scalpers? Wouldn't the commission be more burdensome for scalpers if it was charged for every trade? Also, I'm wondering which account is the most suitable for expert traders. Sorry if I ask too much, thank you :)
Oct 10 2023
Zero.MT4 is a great option for active scalpers because in Admirals, commissions for CFDs on currency pairs and metals are charged depending on the trader's monthly volume. In other words, active traders pay less. So if you're a scalper and you open trades on a daily basis, this is a great opportunity to trade with minimal fees. On top of that, traders don't need to worry about widening spreads as the spread is always kept minimum, zero even. Keep in mind that commissions for CFDs on energies and cash indices do not depend on monthly volume, so they are charged at flat rates.
Oct 11 2023
Hello there, I'll try to answer your second question. As mentioned in this article, both Trade.MT4 and Zero.MT4 are generally suitable for professional traders. Trade.MT4 offers a wide range of instruments and low fees, which are certainly great for expert traders who want to diversify their portfolio. On the other hand, Zero.MT4 offers zero spread and a higher maximum order size, allowing traders to execute bigger trades.
Another type that you might want to consider is the PRO account. It offers maximum leverage of 1:500 and loyalty programs and Negative Account Balance Protection up to 100,000 AUD. However, please note that not all traders can sign up for a PRO account. It is only available to Wholesale clients who meet certain eligibility requirements. You can find out more about this on Admirals' website. Hope this helps!