Admiral Markets Jordan is not just another variation of Admiral Markets. They provide such competitive trading that makes them appealing to a wider consumer base in the Middle East area.
Admiral Markets has been around since 2001, and right now it operates in many jurisdictions including the United Kingdom, Australia, and Jordan. Just like any other jurisdiction, Admiral Markets Jordan aims to provide traders with an outstanding trading ecosystem through their many features. This broker is especially known to offer one of the best CFD tradings in its class. They know that CFDs can be risky instruments, which is why they are also equipped with comprehensive educational programs. What else can be explored in Admiral Markets Jordan?
Is Admiral Markets Jordan Safe?
When it comes to choosing the right broker, the most important thing is to question their safety. Now, there are many ways to do this, but the most common way to do this is through regulatory authorization. Admiral Markets Jordan is authorized and regulated by the Jordan Securities Commission (JSC) with registration number 57026. The JSC is a public institution with financial and administrative that regulates and monitors Jordan's capital markets.
It is important for a broker to have strong financial security. After all, they have to keep the trader's money safe. Admiral Markets Jordan has applied a segregation funds system for their clients at the Jordanian Bank Admirals. That means this broker won't use the client's funds for any purposes. Admirals Markets also provide insurance coverage up to $100,000. Effective since October 20th, 2021, the insurance automatically covers all Admiral Markets AS Jordan Ltd clients, with no actions necessary and no additional fees or costs added.
Considering there are a lot of frauds in the trading community these days, Admiral Markets take great measures to protect their clients. Some measure they take to protect traders is two-factor authentications for Trader's Room accounts. This broker also offers a communications line for traders who have questions about their security. They highly suggest traders to contact their fraudulent communication line at +962-6-4009100 should they want to report anything regarding potential fraud.
What About Other Specs?
Apart from safety and security, here are other features that traders can enjoy from this broker:
One of the most important aspects of a broker is their trading accounts. Normally, a broker will offer several types of trading accounts. Each will have different rules as well as trading costs. As for Admiral Markets Jordan, they are divided into two according to the trading platforms: MetaTrader5 and MetaTrader4.
There are two types of trading accounts in the MT4, those are Trade.MT4 and Zero.MT4. The Trade.MT4 comes with a minimum spread of 0.5 pips while the Zero.MT4 has 0 pips. Both have a similar minimum deposit of 25 JOD. The same conditions also apply in Trade.MT5 and Zero.MT5. The only difference is that the MT5 platforms have an Invest MT5 account that allows traders to trade stocks and ETFs with 0 spreads and a minimum deposit of 1 JOD.
The smallest leverage in this broker is 1:10, and the maximum leverage can go as high as 1:500 for both forex and indices. These rules apply for all trading accounts in Admiral Markets Jordan, except for the Invest MT5. However, traders should understand that high-leverage trading is not exactly beginner friendly. Since new traders tend to lose their positions, it's probably not a wise choice to use the highest leverage available.
Admiral Markets Jordan divides their educational materials into beginner, intermediate, and advanced levels. This way, traders can learn easily according to their capability. Not only that, but this broker also allows traders to choose how they want to learn. At each level, there are several types of education methods. For traders who love to read, Admiral Markets Jordan has curated some of the best trading articles. For more guided programs, traders can try the Zero to Hero course. Want a more interactive learning? Then apply for webinars. All methods are available in all levels.
Deposits and Withdrawals
In terms of deposits, this broker does not apply any charge whatsoever. There are three methods available for deposits: bank wire, Visa & MasterCard, and Perfect Money. For withdrawal, the available methods are bank wire and Perfect Money only. Each month, traders will be given one free withdrawal request. After that, they will be charged 1% for withdrawal through Perfect Money and 5 JOD for withdrawal through bank wire.
Admiral Markets Jordan provides access to Forex, Forex CFDs, Share CFDs, Indices CFDs, Bonds CFDs, and Commodity CFDs. Wants to buy blue stocks chips with little funds? No worries, because this broker hosts Fractional Shares that allow traders to buy stocks at a fraction of the price. Traders can invest from just 1 EUR or USD regardless of the share price. The fractional share can be as small as 1/100 of the full share price.
What makes Admiral Markets Jordan different from other brokerages is the StereoTrader tool. This tool is actually a MetaTrader panel that is equipped with a lot of unique functions. The idea is to give traders smoother and more controlled trades. There are a lot of benefits that come with the StereoTrader, including the advantages of one-click trading, history trading, risk management, advanced order types, and many more. However, to be able to use these tools, traders should apply for a live account and have an equity amount of 4000 euro minimum.
Conclusions and Recommendations
There are a lot of features from Admiral Markets Jordan that make it a competitive broker among other brokerages in the Middle East. In terms of leverage, this broker has one of the highest in the markets with a maximum of 1:500. Evidently, they have some beginner-friendly features such as educational materials and Fractional Shares.
To conclude, Admiral Markets Jordan has a much flexible conditions compared to Admiral Markets UK and its Australian counterpart, probably due to different regulatory restrictions. This broker caters to small-cap and beginner traders by offering lower spreads for all of their trading accounts. Even the minimum deposits for each account are quite affordable.
To understand more about Admiral Markets Jordan, check out the table below.
|🏦Company||Admiral Markets AS Jordan Ltd|
|🌎Region||Hashemite Kingdom of Jordan|
|💼Regulation||Jordan Securities Commission (JSC) - registration number 57026|
|📊Account Types|| |
|💲Minimum Deposit || |
|💡Minimum Order Size ||0.01|
|⚖ Leverage||1:10 - 1:500|
|💰Account Currencies ||USD, EUR, JOD, AED|
|💻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, Perfect Money|
|🛒Products||Forex, Forex CFD, Index CFDs, Share CFDs, Bond CFDs, and Commodity CFDs|
|🔎Research and Analysis || |
|🔧Trading Tools || |
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.