Admirals' Trade MT4 and Zero MT4 accounts seem similar since both use MT4. However, traders need to pay attention to the differences in spreads, commissions, and instrument types.
Admirals is a leading forex and CFD brokerage firm that was established in 2001. The broker has obtained licenses by the FCA of the UK and ASIC of Australia to ensure clients' safety. Following the rebranding from Admiral Markets in 2021, the company aims to further assist worldwide traders and provide all-in-one solutions for spending, investing, and managing money.
If you are an MT4 user, Admirals offers two types of trading accounts that you can choose from, namely Trade.MT4 and Zero.MT4. The former is often seen as the standard account type that allows traders to trade with various instruments. Meanwhile, Zero.MT4 offers smaller spreads but it comes with a commission per trade.
In this article, we'll talk about all the differences between Trade.MT4 and Zero.MT4, along with the specifications of each option and who they are best suitable for.
Admirals Trade MT4 Account
Admirals Trade.MT4 is a popular market execution account type that offers a wide range of instruments and favorable conditions suitable for both beginners and experienced traders. With this account, you can trade forex and CFDs on indices, stocks, commodities, bonds, and cryptocurrencies. This means you can easily diversify your portfolio and trade with multiple instruments in a single account. You can either use MT4 webtrader or the app for mobile users.
You'll also get low spreads starting from 0.5 pips and no commissions with small exceptions. Transaction fees will be applied to CFDs on stocks and ETFs. Apart from that, you can enjoy no commission trading simply by depositing at least 100 USD into your account.
Admirals Zero MT4 Account
Admirals Zero.MT4 offers a major benefit of smaller spreads starting from 0 pips. In return, you need to pay a commission per trade. The commission is charged per 1.0 lots of transaction's value and the rate depends on the instrument that you use, the lowest being 0.05 USD to 3.00 USD per 1.0 lots for cash indices. Thanks to the smaller spreads, this account may be interesting for certain types of people like active scalpers and automated traders.
It is worth noting that Zero.MT4 offers a higher order size limit of 200 lots but slightly more limited instruments compared to the Trade.MT4 account The available trading instruments are forex and CFDs on cash index and commodities. However, since it allows bigger trades, this account may be suitable for professional traders who trade with bigger volumes as well.
Conclusion: Which One to Choose?
|💰Minimum Deposit||100 USD||100 USD|
|💲Account Balance Currency||USD, AUD||USD, AUD|
|Available Trading Instruments||37 currency pairs, 5 digital currency CFDs, 4 metal CFDs, 3 energy CFDs, 3 index futures CFDs, 16 cash index CFDs, 230 stock CFDs, 2 bond CFDs||45 currency pairs, 3 metal CFDs, 10 cash index CFDs, 3 energy CFDs|
|⚖Leverage (forex)|| || |
|🔢Spreads from||0.5 pips||0 pips|
|💸Commissions||No commission except for single share and ETF CFDs (starting from 0.02 USD per share)|| |
|⚡Execution Type||Market Execution||Market Execution|
|📈Minimum Order Size||0.01 lots||0.01 lots|
|📉Maximum Order Size||100 lots||200 lots|
|⛔Stop Out|| || |
|Negative Account Balance Policy||✔️||✔️|
When it comes to choosing which account to open, it is best to reflect on your trading style and needs. Based on the explanation above, Trade.MT4 is generally great for traders with various trading expertise, particularly those who like to diversify and trade from a wide range of instruments. This is because the account offers much more diverse instrument types.
Meanwhile, Zero.MT4 is considered more suitable for either professional traders, scalpers, or automated traders. Professional traders can take advantage of the larger order size, while for scalpers, the low spreads allow them to enter and exit the markets quickly without losing a significant amount of their potential profit.
All in all, both Admirals accounts are safe to choose, considering that these accounts are available on MetaTrader 4, which is arguably the most popular trading platform at the moment. The platform can be accessed on both desktop and mobile phones, so you can trade anywhere even when you're on the go. If you're still unsure about which type you should go for, it's highly advised to check out the demo account first and get familiar with the features before investing real money.
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.