Forex brokers with multiple licenses can reach more traders in many jurisdictions. Through the Admiral Markets case, let's reveal how multiple licenses can influence trading conditions.

Admiral Markets trading condition

It has come to many traders' attention that a number of forex brokers are operating with multiple licenses in order to offer their services legally across many countries. The reasons and the credibility of it have been thoroughly discussed here, so let's move on to the more interesting part: the true case and how it influences your trading condition.

As a leading online trading service provider with a global presence, Admiral Markets (recently rebranded into Admirals) is a good example of how a multiple-licensed broker operates successfully.

In presenting their products, Admiral Markets have different conditions to comply with the strict rules of each regulatory framework. For instance, ASIC standards may apply only to Australian traders, so UK traders are likely to have a different set of trading specs.

Here is a list of Admiral Markets branches worldwide based on their jurisdictions:

  1. Admiral Markets UK:Authorized and regulated by FCA in the UK, this institution is the prototype of Admirals itself.
  2. Admiral Markets Australia: Regulated by ASIC and offers limited leverage up to 1:30 only for retail forex traders.
  3. Admiral Markets Jordan: Licensed by JSC, this branch of Admiral Markets allows a starting capital of $25.
  4. Aglobe Seychelles: This offshore jurisdiction enables Admiral Markets to accept clients from areas outside Australia, the UK, Jordan, and other regions that are not covered by the abovementioned companies and the only ones who provide copy trading.

Let's explore each Admiral Markets company below.

 

Admiral Markets UK

Admiral Markets UK Ltd is authorized and regulated by the Financial Conduct Authority (FCA) with registration number 595450. The service basically represents Admiral Markets in general.

Per this writing, UK traders can choose six types of accounts divided into two categories:

  1. Trade.MT4
  2. Zero.MT4
  3. Trade.MT5
  4. Invest.MT5
  5. Zero.MT5
  6. Bets.MT5

All account types save for Invest.MT5 requires a $250 minimum deposit, and retail clients are allowed to choose 1:10 - 1:30 leverage. The ion of base currencies includes EUR (Euro), USD (US Dollar), GBP (Pound Sterling), and CHF (Franc Swiss)

As for deposits and withdrawals, a range of payment methods like bank transfers, credit cards, Skrill, Neteller, and PayPal are all available. Aside from bank transfer which usually takes up to 3 business days, transactions are processed instantaneously.

Internal transfers are free except for accounts with different base currencies. It should also be noted that Admiral Markets UK charges an inactivity fee of €10 per month.

An account is considered inactive if there is no execution of any transactions in the previous 24 months and is not used for holding open position(s). However, the broker only charges inactive accounts with a balance that is greater than zero.

Here is the overall condition for Admiral Markets UK:

🏨 Company Admiral Markets UK Ltd
🌎 Region The United Kingdom
🧾 Account Types Trade.MT5, Invest.MT5, Zero.MT5, Bets.MT5, Trade.MT4, and Zero.MT4
💲 Minimum Deposit $250
💵 Account Currencies EUR, USD, GBP, CHF
Leverage for Retail Clients
1:10 - 1:30
💳 Payment Methods Bank transfers, Credit cards, Skrill, Neteller, PayPal
📝 Registration Register to Admiral Markets UK

 

Admiral Markets Australia

Admiral Markets Pty Ltd in Australia is licensed to provide financial services by the Australian Securities and Investments Commission (ASIC) under Australian Financial Services Licence number 410681. In terms of trading accounts and other conditions, Admiral Markets Australia is quite similar to its UK counterpart.

The company offers 5 types of trading accounts consisting of Trade.MT5, Invest.MT5, Zero.MT5, Trade.MT4, and Zero.MT4. The leverage is also restricted to only up to 1:30 for forex retail clients.

However, Admiral Markets Australia defines their stop out more specifically as 50% for retail clients and 30% for wholesale clients. Meanwhile, Admiral Markets UK only specifies the stop out limit as 50% for retail clients.

Another spotted difference is the base currency that clients can choose. Compared to Admiral Markets UK, Australian traders can choose between AUD (Australian Dollar), EUR (Euro), GBP (Pound Sterling), USD (US Dollar), and SGD (Singapore Dollar).

Furthermore, deposit and withdrawal options are generally available via bank transfer, credit cards, Skrill, and Neteller. Admiral Markets Australia does not accept PayPal.

Traders looking for extra trading features may be a bit disappointed since the Australian branch does not feature similar services to what they have in the UK. For instance, spread betting and fractional shares are not accessible on the website operating under Admiral Markets Pty Ltd.

Here is the overall condition for Admiral Markets Australia:

🏨 Company Admiral Markets Pty Ltd
🌎 Region Australia
🧾 Account Types Trade.MT5, Invest.MT5, Zero.MT5, Trade.MT4, and Zero.MT4
💲 Minimum Deposit $100
💵 Account Currencies AUD, EUR, USD, GBP, SGD
Leverage for Retail Clients
1:10 - 1:30
💳 Payment Methods Bank transfers, Credit cards, Skrill, Neteller
📝 Registration Register to Admiral Markets Australia

 

Admiral Markets Jordan

Under Admiral Markets AS Jordan Ltd, this broker carries out trading services for Jordanian traders and other related markets under the jurisdiction of the Hashemite Kingdom of Jordan.

The operation is officially licensed by the Jordan Securities Commission (JSC) with registration number 57026. Similar to the Australian company, Admiral Markets Jordan provides five different account types in two different platforms. They are called Trade.MT5, Invest.MT5, Zero.MT5, Trade.MT4, and Zero.MT4.

One obvious difference is the minimum deposit since the broker allows a starting capital of $25. The maximum leverage is also much more flexible as traders can choose up to 1:500.

Unfortunately, the deposit and withdrawal methods are significantly limited, for the broker only affords transactions via bank transfers, credit/debit cards, and Perfect Money. The good news is Admiral Markets Jordan applies a cheaper inactivity fee of $10 per month. Traders can also opt to try fractional shares and other personal offers that are specifically designed for active traders.

Here is the overall condition for Admiral Markets Jordan:

🏨 Company Admiral Markets AS Jordan Ltd
🌎 Region Jordan
🧾 Account Types Trade.MT5, Invest.MT5, Zero.MT5, Trade.MT4, and Zero.MT4
💲 Minimum Deposit $25
💵 Account Currencies USD, EUR, JOD, AED
Leverage for Retail Clients
Up to 1:500
💳 Payment Methods Bank transfers, Credit cards, Perfect Money
📝 Registration Register to Admiral Markets Jordan

 

Aglobe Seychelles

Aglobe Investments Ltd is licensed by the Financial Services Authority of Seychelles (FSA) as a Securities Dealer in Seychelles under license number SD073. It has the necessary license and approval to operate under the brand Admiral Markets.

Seychelles is an offshore jurisdiction that allows forex brokers under its regulatory agency to operate globally. This enables Admiral Markets to accept clients from areas outside Australia, the UK, Jordan, and other regions that are not covered by the abovementioned companies.

It is an important advancement as top regulatory bodies like ASIC are famously known to restrict their members when it comes to accepting clients from outside of their jurisdictions.

Trading specifications in Aglobe Investments are not that different compared to Admiral Markets UK and Australia. The classification of MetaTrader 5 and MetaTrader 4 accounts is still there, and both categories house the Trade and Zero accounts. Yet, the most significant difference is the presence of copy trading.

It's also noteworthy that Aglobe Investments accepts a minimum deposit as low as $25. The base currency options include USD (US Dollar), EUR (Euro), BRL (Brazilian Real), MXN (Mexican Peso), CLP (Chilean Peso), SGD (Singapore Dollar), THB (Thai Baht), VND (Vietnamese Dong), and AUD (Australian Dollar).

Additionally, available payment methods for deposit and withdrawal are much more diverse than the other companies. On the official page, it is explained that traders can choose between wire transfers, Skrill, Neteller, credit/debit cards, cryptocurrencies, and Perfect Money.

Aglobe allows all clients to choose leverage as high as 1:1000 for forex and 1:500 for indices. However, spreads in Trade.MT4 accounts start from 1.2 pips, a bit higher than what Admiral Markets UK and Australia have.

Aglobe Investments has much more limited extra features. From analytics to trading products, there's not much of Admiral Markets' advanced trading technology that is presented to Aglobe's clients.

Here is the overall condition for Admiral Markets global:

🏨 Company Admiral Markets AS Jordan Ltd
🌎 Region All areas not covered by Admiral Markets UK, Australia, Jordan, Europe, and South Africa
🧾 Account Types Trade.MT5, Invest.MT5, Zero.MT5, Trade.MT4, and Zero.MT4
💲 Minimum Deposit $25
💵 Account Currencies USD, EUR, BRL, MXN, CLP, SGD, THB, VND, AUD
Leverage for Retail Clients
Up to 1:500
💳 Payment Methods Bank transfers, Credit cards, Skrill, Neteller, Perfect Money, Cryptocurrencies
📝 Registration Register to Admiral Markets global

Apart from the four entities above, there are also Admiral Markets Cyprus Ltd and Admirals SA (Pty) Ltd. Each holds licenses issued by CySEC and the Companies and Intellectual Property Commission (CIPC) to operate in Europe and South Africa respectively.

With the growing expansion and commitment to be a well-received broker globally, it's only normal to expect more Admiral Markets companies in even more different jurisdictions in the future.

 

Which is the Right One for You?

When dealing with a multiple-licensed broker like Admiral Markets, it's actually important to make sure that you are registered under the right jurisdiction. Opening an account on the broker's website that does not match your residence may cause technical problems in some key aspects, most notably the deposit and withdrawal transactions.

To conclude, choose the version that matches where you come from. You may find that it's not beneficial as one entity provides a set of advanced trading features while the others' offerings are more limited. But is it really worth all the risks and troubles just to access, let's say, copy trading if you are from Australia?

After all, Admiral Markets has done as best as they can to set the trading conditions to not only match the regulatory standards in each jurisdiction but also what the market generally wants in their respective areas.

 


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.