Admiral Markets Australia has a lot of trading features to offer. Is this broker good for novice traders or professionals?
Some might think that Admiral Markets is a UK-based brokerage while others might think that it is an Australian broker. To clear up the confusion, let's just say that both assumptions are correct. As a matter of fact, this broker operates in many jurisdictions including the UK and Australia. Each jurisdiction has been regulated by the financial authorities in each area. For example, Admiral Markets Pty Ltd operates under the Australian Securities and Investments Commission (ASIC).
Of course, Admiral Markets itself isn't a new player. In fact, this broker has had a global presence since 2001. In order to keep their client's trust, they have taken some steps to ensure traders' safety. In addition to that, this broker makes a lot of efforts to make sure that their service is affordable while also providing sophisticated features.
What You Need to Know about Admiral Markets Australia
Admiral Markets Pty Ltd is registered under ASIC with a license from the Australian Financial Services Licence (AFSL) to carry on financial services business within Australian jurisdiction. Besides the regulation, what other features of Admiral Markets Australia that traders should be aware of?
1. Trading Accounts
In Admiral Markets Australia, the account types are divided according to the trading platforms. There are two trading platforms available in this broker: MT4 and MT5. Trade.MT4 and Zero MT4 accounts have the same amount of minimum deposit, which is 100 AUD or equivalent. While Trade.MT4 has 0.5 pips spread, the Zero.MT4 spreads start from 0.
On the other side, Trade.MT5 and Zero.MT5 have similar conditions to their MT4 counterparts. There are some small differences regarding trading instruments, however. For example, Trade.MT5 allows agricultures, commodities, and EFTs CFD ,while Trade.MT4 doesn't. There is one more account type that is only available in the MT5 account, which is Invest.MT5. Traders can access over 4500 stocks and more than 400 EFTs from this account. The minimum deposit for this account is 1 AUD or equivalent with a spread from 0 pips.
Leverage is an important feature for a lot of traders. On one side, leverage can give a power boost to traders with limited funds. But due to its risky nature, novice traders are advised to choose small leverage or no leverage at all. The leverage offered for retail traders in Admiral Markets Australia is 1:20 to 1:30.
A lot of brokers provide education for their clients. While this is not a new feature, not all brokers took education seriously. However, Admiral Markets Australia goes above and beyond when it comes to education.
Generally, there are three ways traders can learn in Admiral Markets' educational program. The first one is articles where readers can find the ultimate guide to trading according to each level. Second is an online course created by professional traders to help traders get the best start on their trading journey. The last one is webinar programs, which are good for people who preferred a more interactive way of learning. In addition to that, Admiral Markets offers a demo account for traders to practice first.
4. Deposits and Withdrawal
While sometimes overlooked, the methods of deposit and withdrawal in a broker should be considered carefully. Brokers typically have several funding options to choose from. For Admiral Markets Australia, there are 5 funding methods including bank wire, Visa or MasterCard, Skrill, Neteller, and Poli. All of these funding options are free of deposit and commission fees.
However, Admiral Markets Australia has more limited options when it comes to withdrawal. There are only three options available: bank wire, Skrill, and Neteller. All of them get one free withdrawal request every month. After that, traders will be charged 1% or a minimum of 1 AUD per transaction. But, if traders withdraw from bank wire options, they will be charged 15 AUD.
5. Trading Instruments
Having more choice of what instrument to trade is a dream. It's natural for traders to pick a broker that has more assets to offer. It would also be easier to hedge positions with a multi-asset broker. Admiral Markets Australia aims to give access to a lot of trading instruments.
Here, traders can access over 40 CFDs on currency pairs, Cryptocurrency CFDs, Index CFDs, Share CFDs, Bond CFDs, and Commodity CFDs 24 hours a day, five days a week. Admiral Markets claim that there are no restrictions on trading styles or strategies. To ensure traders will have a better trading experience, this broker is supported by deep liquidity from top-tier providers that allow 90% of orders executed within 150 milliseconds.
6. Financial Security
A broker's security system should not be taken lightly. There are a lot of security failures out there that have left traders with devastating results. This is why Admiral Markets Australia took this matter seriously. They make sure that clients have access to robust financial security arrangements and various customer care policies.
In general, Admiral Markets is a fully regulated financial service provider under ASIC. They have a lot of experience, therefore their track record can't be taken lightly. In addition to that, Admiral Markets also takes extra caution by offering segregated trust accounts alongside a security trust account held with St. George Bank (Westpac Banking Corporation), one of the most reputable Tier 1 banks. That means Admiral Markets will not use client funds for any purpose. They also apply Negative Balance Protections as a safeguard for their clients.
7. Special Feature
Besides all conditions that have been listed above, Admiral Markets Australia has a special feature called StereoTrader. Technically, the Admiral Markets StereoTrader is a MetaTrader panel with unique functions that enable smoother, more controlled trades. It allows traders to access strategic, stealth, or other advanced order types, use enhanced one-click and historical trading, as well as any other options. The idea of StereroTrader is to offer traders the tools they need to successfully implement any kind of strategy and achieve the highest level of precision. To enjoy these features, traders should apply for a live account first.
Conclusions and Recommendations
The aforementioned qualities have made Admiral Markets Australia suitable for novice traders as well as experienced players. Most new traders are still trying to grasp the idea of spread, therefore it is best to use an account with smaller spreads. Not to mention the webinars that make it easier for new traders to gain new insight into trading.
However, what needs to be considered is that this broker has limited withdrawal and deposit methods. While their options are enough, it might not be ideal for some traders.
Another thing to consider is the leverage. It has to be said that the leverage in this broker isn't the highest. That means it would not be suitable for traders who want to have a huge boost. On the other hand, smaller leverage is much safer for new traders. It possesses less risk compared to higher leverage but still gives extra support for traders to amplify their trading power.
To conclude, this broker is probably well-suited for new traders. However, professionals are welcome to apply as Admiral Markets Australia has many special features to offer.
For a better understanding, check out the table below.
|🏦Company||Admiral Markets Pty Ltd|
|💼Regulation||ASIC with an AFSL Licence number 410681|
|💡Minimum Order Size||0.01|
|💰Account Currencies||AUD, EUR, GBP, USD, SGD|
|💻Trading Platforms||MetaTrader 4, MetaTrader 5|
|📱Mobile Trading||Android, iOS|
|🔄Hedging||Allowed in all accounts except Invest.MT5|
|♻️Negative Balance Protection||Available in all accounts except Invest.MT5|
|🕋Islamic Account||Only available in Trade.MT5|
|💳Deposit and Withdrawal Methods||Bank Wire, Visa & MasterCard, Skrill, Neteller, and Poli|
|🛒Products||Forex, Forex CFD, Index CFDs, Share CFDs, Bond CFDs, Cryptocurrency CFDs, and Commodity CFDs|
|🔎Research and Analysis|
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: Learn, Trade, and Invest. 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.