Admiral Markets UK operates to fulfill the needs of UK traders within the standard and experience of Admirals Group AS.
There are some brokers that are operating in multiple jurisdictions. While this isn't a new thing for most traders, there is some underlying difference between each jurisdiction. One of the best examples of this is Admiral Markets. This broker is operating under a lot of jurisdictions including the United Kingdom.
Is Admiral Markets UK Good?
As a multi assets broker, Admiral Markets UK aims to provide the best trading conditions with outstanding features and an ecosystem.
There are several ways to make sure whether a broker is safe or not. But, one way that most traders prefer to do it is through the regulatory status. By now, Admiral Markets UK has been regulated by the FCA or Financial Conduct Authority with registration number 595450. That means this broker is authorized to hold Client Money under the FCA CASS rules.
Admiral Markets UK is also approved by MiFID or Directive on Markets in Financial Instruments. MiFID aims to harmonize the governing of financial markets within the EEA by increasing efficiency, enhancing financial transparency, increasing competition, and offering greater consumer protection in investment services. Aside from this, what else can traders learn about Admiral Markets UK?
1. Trading Accounts
One of the first aspects to check regarding a broker is probably their account types. in Admiral Markets UK, there are two types of trading platforms and each holds different account types. The MT4 trading platform only has two account types which are Trade.MT4 and Zero.MT4. The names themselves are already pretty self-explanatory. The Trade.MT4 account has 0.5 pips spread while Zero MT4 has 0 pips. The same conditions apply for Trade.MT5 and Zero.MT5 accounts as well.
However, unlike the MT4 accounts, Admiral Markets UK's MT5 has two more options which are Invest.MT5 and Bets.MT5 accounts. The Invest.MT5 offers 0 pips spreads, similar to Zero.MT5. What makes them different is that Invest.MT5 offers more than 4500 stocks and over 200 ETFs to trade with. Meanwhile, Bets.MT5 allows traders to stake with a minimum spread of 0.5 pips. Some instruments available to stake are currencies, metals, energies, cash indices, and index futures.
See Also: Forex Brokers Offering Spread Betting
Despite the risk, a lot of traders actually depend on leverage. Admittedly, high leverages give more power boosts for traders with limited funds. Which is why it is one of the main considerations for traders. Admiral Markets UK offers 1:10 minimum leverage for retail clients, which can be stretched up to 1:30 depending on the instrument traded. While the leverage might not be as enormous as most traders wishes, it still provides some support for many people. Smaller leverage also means there will be less risk when the market is unfavorable.
While sometimes being overlooked, brokers' educations can be a great learning tool for many traders. Admiral Markets UK is one of many brokers that comes with an educational program. Their programs are divided into three levels: Beginner, Intermediate, and Advanced. This way, traders will have an easier time learning according to their own understanding.
At each level, there are different ways of learning that are provided by this broker. The first one contains articles that cover the basic understanding of trading. Next, traders can follow an online course according to their level for a deeper understanding. In addition to all of this, Admirals Markets UK conducts webinars to make sure traders can have discussions with experts.
4. Deposit and Withdrawal
Deposit and withdrawal are two of the most important aspect to consider when choosing a broker. Normally, a broker has certain policies regarding these matters, such as how much minimum deposit is required to open an account and where traders can pay. For Admiral Markets UK, the minimum deposit is only 250 GBP. As for the deposit methods, there are some options available including bank wire, Klarna, Visa & MasterCard, PayPal, Skrill, Neteller, iBank&BankLink, and Poli. All of these methods are free of deposit fees.
Now, the withdrawal process in Admiral Markets UK is a little bit complicated. Traders can withdraw their funds through bank wire, Visa & MasterCard, PayPal, Skrill, Neteller, as well as iBank&BankLink. All traders will be given 1 free withdrawal request every month for all payment methods. After that, they will be charged 1% for withdrawal except for bank wire which will be charged around 10 EUR or equivalent.
5. Trading Instruments
It is common knowledge that Admiral Markets UK is a multi-asset broker. That means this broker provides various trading instruments for its traders. Some products that can be traded in Admirals are Forex, Forex CFDs, Index CFDs, Share CFDs, Bond CFDs, and Commodity CFDs. Each product has a lot of instruments to trade with. For example, there are over 40 CFDs available on currency pairs. Meanwhile, the stock CFDs allow traders to access not only the UK stocks but also US and EU stock CFDs.
6. Financial Security
One thing that can't be compromised is how a broker keeps their client's funds safe. Admiral Markets UK has applied segregation of client funds policies in their company. This ensures that clients' funds are identifiable and available at all times and cannot be used by Admirals for any purpose. Admiral Markets UK protects their client's funds in accordance with FCA requirements where the client's funds should be protected in a segregated bank account. If by any means the bank goes into liquidation, clients will be covered by FSCS up to a limit of £85,000 per client for the bank under PRA regulations.
Conclusions and Recommendations
Admiral Markets UK is authorized and regulated by the FCA. This broker has gained a lot of trust from many traders not only because of its safety but also from interesting features as well. In general, Admiral UK comes with two trading platforms which are MT4 and MT5. Each platform is equipped with a Zero account and a Trade account. The MT5 platforms have more trading accounts with Bets.MT5 and Invest.MT5. There are a lot of trading instruments traders can get their hands on, including forex CFDs, stocks CFDs, and many more.
For a better understanding of Admiral Markets UK's main trading specifications, check out the table below:
|🏦Company||Admiral Markets UK Ltd|
|💼Regulation||Financial Conduct Authority (FCA) – registration number 595450|
|💡Minimum Order Size||0.01|
|⚖ Leverage||1:10 - 1:30|
|💰Account Currencies||EUR, USD, GBP, CHF|
|💻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, Klarna, Visa & MasterCard, PayPal, Skrill, Neteller, iBank&BankLink, and Poli|
|🛒Products||Forex, Forex CFD, Index CFDs, Share CFDs, Bond 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.