Beginner's Guide to Choose Account in Admiral Markets

Barol: If you are a scalper, an ECN account is definitely the best choice for you. ECN can offer spreads starting from 0 pips. This is a very low spread and you will feel costs nothing at all. You can read the following articles:

• Is ECN Account good for scalping?
• What are an ECN Forex Brokers?

But is it worth trying scalping on an STP account? Why not? Because at Admiral, pips are offered from 0.5 pips. It is also less common among other brokers. For me, if you are a beginner scalper, you can try Trade.MT4. But still the best is his ECN account. I hope it helps you decide which account is best for you

Ling: If I'm not mistaken, you seem confused in choosing the trade.MT4 account. Because in the future you will be trading cryptos and other assets that may not be available on MT4, right?

If I were you, I would use Trade.MT4 for Metatrader 4. As you said, you may trade cryptocurrencies and other assets in the future, but the question is when and what assets are you looking to trade? If you really want to trade common assets such as metals and forex, you should consider Metatrader 4 because the user interface is user-friendly, simple pre-trading tools are available, and it is also designed for trading forex. Recommended to use.

If you're still confused, read some articles :

• 6 reasons why metatrader is still relevant?
• is metatrader 4 still relevant?

Suarez: It depends on your preference, but I highly recommend opening a Zero or Trader account, as it is a very basic standard account that offers a wider range of trading. If you want to make low spread trades with many positions or scalping style, it is best to use Zero account. But beware of the higher commissions you can get.

Meanwhile, if you don't open many positions, just use the standard account because the commission is lower and you don't open many positions. This will reduce your transaction fees. Regarding MT4 and MT5, if you want to trade more assets, choose MT5 instead of Mt4. BUT if you want to focus on Forex, using MT4 is the best choice.

This is my opinion; you can follow it or not. And by the way, Admiral also has a demo account, just enter your email and password. Create an account in it and voila, you can trade using a demo account 

As you know, the reason why Admiral Markets MT4 offers fewer cryptocurrencies compared to MT5 is that MT5 is a newer and more advanced trading platform, and therefore has more advanced features that allow for a wider range of trading instruments to be offered. Additionally, the demand for cryptocurrencies has increased in recent years, and MT5 was designed with this in mind, making it easier for brokers like Admiral Markets to offer a wider range of cryptocurrencies to their clients. However, it's worth noting that even though MT4 offers fewer cryptocurrency options, it still remains a popular trading platform among traders due to its stability and user-friendly interface.

So, the deal with ECN and STP routing is that they're both options that brokers can offer for executing trades. Some brokers even offer both options to cater to different types of traders and market conditions. ECN routing is considered more transparent and usually has lower spreads, but it might also come with commissions and bigger minimum deposits. On the other hand, STP routing is often commission-free and requires lower minimum deposits, but may have wider spreads.

As for Admiral Markets, they might offer ECN routing, but you'll need to dig into the details of their trade execution practices to get a better idea of how they operate because some brokers that even not an ECN can provide look-like ECN Broker. So, if you want to use full feature of the ECN, you may need to research more about Admiral but if you are a trader that only care about the spread and fast execution, it is not a problem at all if you are ECN or not

When it comes to routing options for forex brokers, STP and ECN are generally considered to be the safest choices. That's because they both involve sending orders directly to the liquidity providers, which can help to ensure that trades are executed quickly and at the best available prices.

While there are other routing options out there, some of them may be less safe than STP and ECN. For example, some brokers use a dealing desk model, which means that they act as a middleman between their clients and the liquidity providers. This can introduce a potential conflict of interest, since the broker may have an incentive to trade against their clients. (read : Market Maker and ECN Broker)

That said, there are some types of dealing desk models that can be relatively safe, such as those that use a hybrid or no dealing desk model. In these cases, the broker may still act as a market maker, but they may also offer ECN or STP execution for some trades.

Mate, just a quick note for ya - not all market makers are dodgy as. Some regulated market makers can provide a safe and reliable trading environment for ya. But, you gotta do ya research and pick a reputable market maker with a good track record and licensed by a reputable regulatory authority.

When it comes to the safety of ya broker, the most important thing is to check out their regulator. Lucky for us, Admiral is regulated by FCA UK and ASIC Australia, which are some of the most reputable regulatory bodies out there. So ya can trust that trading with Admiral, whether it's STP or ECN, is pretty safe as.

Bonds are a type of CFD trading instrument that can be traded on Admiral Markets, along with other assets like forex, stocks, indices, and cryptocurrencies. While bonds may seem more complex than other assets, they can actually be a good choice for beginners because they tend to be less volatile than stocks and other instruments.

One advantage of trading bonds is that they can provide a steady stream of income through interest payments, which can be attractive for investors seeking stable returns. Additionally, bonds are often considered a safer investment compared to other assets, as they are generally backed by the issuer's creditworthiness.

Ahh let me explain Bonds CFD with more simple language. For example, let's say the current price of the bonds is $100 per bond, and you think the price will go up in the near future. So, you decide to buy a CFD for 10 bonds at the current price. If the price of the bonds does indeed go up to $110 per bond, you can sell the CFD and make a profit of $100 (10 bonds x $10 increase in price per bond). However, if the price goes down, you will incur a loss.

One advantage of trading bonds CFDs is that you can make a profit even when the market is going down, as long as you correctly predict the price movements. However, it's important to note that CFDs are leveraged products, meaning you can potentially lose more than your initial investment if the market goes against you. It's important to have a solid understanding of the risks involved and to manage your trades carefully.

@Keneddy: Hi! Zero spreads are awesome for scalpers. Scalpers are short-term traders who want to profit from small price movements. With zero spreads, they don't have to worry about the difference between buying and selling prices, saving them money. They can quickly jump in and out of trades without any barriers, which is great when the market is volatile. Zero spreads also let scalpers enter and exit positions at precise price levels, helping them make the most of their strategy.

When looking at the commission structure for a Zero.MT4 Account, scalpers should consider a few things. First, think about how often you trade. Scalpers make lots of trades, so make sure the commissions won't eat up all your profits. Check if the commission is a fixed amount per trade or if it varies based on trade size or volume. Some brokers may have rules or limits on scalping, so make sure they allow the kind of trading you want to do. Finally, consider the overall trading costs, including commissions, spreads, and any extra fees.

So, if you're a scalper who loves day trading and wants to take advantage of the smallest spreads, a Zero.MT4 Account could be perfect for you. It gives you the freedom to make quick trades and maximize your profits while keeping costs low.

Good luck!

Parallels is a fantastic virtualization solution for macOS devices, and it has some cool advantages for traders. One of the best things about it is how it seamlessly connects macOS with the Windows ecosystem. That means you can run Windows applications, like MT4 and MT5 trading platforms, right on your Mac. It's like having the best of both worlds!

Admiral Markets offers the Parallels Pro account, which comes with even more perks. To be eligible, you'll need to check with Admiral Markets for specific criteria. But once you have it, you can run multiple virtual spaces at the same time. That means you can have different trading platforms or strategies running simultaneously. It's a game-changer for managing your trading activities efficiently.

And that's not all! The Parallels Pro account also hooks you up with premium customer service support available 24/7. They're just a phone call or email away, ready to assist you with any technical or account-related questions you have.

There are two types of forex brokers that currently exist the most, namely ECN (Electronic Communication Network) and STP (Straight Through Processing). However, novice traders are often confused about which one is the best, because the features and services are similar or even seem like there is no difference at all.

The advantage for traders is that STP brokers can waive commission fees which are usually applied to each lot (trading volume), because the source of income can be diverted into a markup on spreads only. However, on the other hand, because trader orders are "thrown" to be executed by other parties, traders cannot see the Bid and Ask positions that appear on the forex market (Depth of Market/DoM). Because of this, STP brokers can also conspire to pass trader orders to other companies in the same group or pass orders to liquidity providers who provide certain kickback commissions. This drawback can be avoided if you know who the STP broker's liquidity provider is, or if you use an ECN broker.

For traders, the advantage of ECN brokers is the super thin Floating Spread (starting from 0 pips or less). However, because they cannot do mark-ups, ECN brokers will take advantage of charging a fairly high commission fee for transactions per lot made by traders.

Hello friend, I just want to add an explanation. While both types of brokers require a no-dealing desk environment which allows them to link your orders directly with liquidity providers and therefore give you more direct access to highly positive markets, there are a few key differences that can be distinguished between the two.

The way your order is delivered is the first difference. With ECN brokers this is more specifically targeted. Your order will be instantly matched in the network of private investors, major banks, other traders, and brokers they have set up. In the case of an STP broker, your order is simply forwarded directly to the third-party liquidity provider.

How the two make a profit can also be different. ECN brokers will tend to add a flat commission per trade where as STP brokers rely on mark-up spreads for their profits.

Hey bros! It's lucky you have experience with Admirals. So here is the deal with a broker that accepts US traders. Admirals is a global brokerage firm, which has many branches around the world including the US region which is known for its complex regulations and strict policies. Banay brokers are said to be good brokers, but they can't enter the US market, but Admkrals is indeed on a different level as a global broker.

If you are already familiar with MetaTrader 4 and 5, then this is the right choice for you to use as a trading platform at Admirals. It is user-friendly and has a simple interface which is perfect for beginners. Regarding the regulatory aspects, it is definitely safe to trade with them as they are regulated by some of the most reputable authorities in the industry, such as the Financial Conduct Authority (FCA) in the UK and the Australian Securities, Investments Commission (ASIC) in Australia, CySEC (Cyprus), JSC (Jordan) and FSCA (South Africa). Apart from that, US Admirals have also obtained a valid license from the European Food Safety Authority (EFSA). This has proven that this broker is also SAFE and GOOD for US traders.

That's right, not many brokers accept US traders. According to the articles I read, it is known that getting a US license is very difficult because the requirements are quite strict. One of the main reasons why forex brokers do not accept US clients is because of the strict regulations imposed by the US government. The US government has implemented a number of regulations regarding forex brokers, including the Dodd-Frank Act which was introduced in 2010. This law requires forex brokers to register with the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA) which can be a lengthy and expensive process.

In addition, forex brokers are also required to meet a number of other requirements, including maintaining minimum capital requirements and submitting periodic financial reports to the authorities. These regulations can be difficult for forex brokers to comply with, which is why many prefer not to accept US clients.

Well despite the many rules in the US, it is important to remember that these regulations are designed to protect traders and ensure that the forex market operates fairly and transparently. As a result, it is important to choose a regulated and trustworthy forex broker, even if they do not accept US clients. Yeah, therefore, in my view, Admirals is a good broker because it can enter the US market, although not all instruments can be traded by US traders. this Broker has one of the best and most good study and research materials for trading EAs.

Moreover, recently, I have good news that Admiral is expanding its foot in US by plans to restructure its group by merging parent entities Admiral Markets US and Admirals Group US. The merger is expected to be completed in the first half of 2024. As part of the plan, Admiral Markets will also revoke the operating license of its Estonian subsidiary, which is expected to take place in the second half of this year, possibly in August 2023.

However, if you need another broker for comparison, you have to read this (Forex Brokers Offering Us Clients)

I agree that MT5 is more advanced than MT4 offering many features MT4 does not. And MT5 is faster than MT4 for several reasons. we can read about that here: Is MT5 Faster Than MT4? Here's What You Need to Know.

Why MT4 is still chosen by brokers, it's because Mt4 offers a user-friendly platform that's easy to navigate and has a lot of tools and features that traders find helpful. The platform's charts are easy to read, and it has a ton of technical indicators and analysis tools that traders can use to make informed decisions. Plus, MT4 allows traders to automate their trading strategies using its built-in programming language, or by using third-party tools like expert advisors.

Another reason why brokers and traders like MT4 is because there's a large community of users who can offer support and share knowledge. Even though newer platforms have been introduced, MT4 has remained popular because it's reliable, familiar, and has a wealth of resources available for it.

I'm intrigued by your words about "MT4 allows traders to automate their trading strategies using its built-in programming language, or by using third-party tools like expert advisors.". As far as I know, MT5 can also be used for robot trading, you know. The difference is only in the trading instruments section, in fact, MT5 has more trading instruments that can be used.
To be honest, when I started trading directly using MT5, so I was quite a hardcore fan of it. Can you give some sneak peek or recommendations about good trading robots on MT4? And does Admiral Markets Jordan provide trading robots too?

@Julian: Absolutely, you're correct in noting that both MT4 and MT5 can be used for algorithmic trading. MT5 indeed offers more trading instruments and has additional features, making it an appealing choice for many traders. It's great that you've had experience with MT5 as well!

Regarding trading robots or expert advisors (EAs) for MT4, there are numerous options available. While I can't endorse specific EAs, I can suggest some factors to consider when selecting one:

Performance History: Look for EAs with a proven track record of consistent performance. Review historical data and real-world results if available.

• Customization: Opt for EAs that can be customized to align with your trading strategy and risk tolerance.
• User Reviews: Seek out reviews and feedback from other traders who have used the EA to get an idea of its effectiveness and reliability.
• Support and Updates: Ensure the EA comes with good customer support and regular updates to adapt to changing market conditions.
• Backtesting: Perform thorough backtesting to assess how the EA would have performed in past market conditions.
• Compatibility: Confirm that the EA is compatible with your broker and the specific trading instruments you intend to trade.

Hope these answer can help you!

When it comes to features and advanced trading tools, Admiral Markets stands out from the crowd, folks! They offer an array of cutting-edge tools and technologies that give traders an edge in the marketplace. One of its standout features is its advanced graphing capabilities. Admiral Markets also provides advanced order types, such as limit orders, stop orders and trailing stops. This order type gives you more control over your trades and allows you to implement more sophisticated trading strategies.

Now, let's talk about the unique advantages of choosing Admiral Markets for advanced trading. First, they offer competitive spreads, which means you can maximize your profit potential. They also have fast execution speed, ensuring that your trades are executed quickly and accurately. Admiral Markets operates on a Hybrid Model, an ECN and STP broker, which enables a fully electronic Forex trading service. This popular mix allows Forex brokers to fully automate order entry, handle price spreads, and trade execution aspects of their deal execution business.

In terms of deficiencies or limitations, it is important to note that Admiral Markets' advanced features may require a certain level of experience and knowledge. To optimize your experience on the Admiral Markets platform, my advice is to start with a demo account. This allows you to familiarize yourself with advanced features and practice your strategy without risking real money.

Furthermore, Admiral Markets has offered Islamic accounts on its platform. But yes, swap-free accounts are usually only available to Muslim traders, as the purpose of these accounts is to comply with Islamic finance principles which prohibit charging or paying interest. Swap values ​​are basically the cost of holding a position overnight. Even though non-Muslim traders cannot open swap-free accounts, they can still benefit from swap rates. If a trader buys a currency with a higher interest rate than the currency they are selling, they will earn a positive swap rate. Conversely, if a trader sells a currency with a higher interest rate than the currency he bought, he will pay a negative swap rate.