Choosing the right trading account in Admiral Markets can be as simple as picking your favorite trading platform. Here's how you do it.

Admiral Markets is a broker that offers multiple types of accounts to its traders. Choosing a suitable account type is not always easy, but this article will be providing a guide on how to make the right choice.

Admiral Markets Account Types

The importance of choosing the right account type when trying to cannot be understated because it can significantly impact your profits and losses. Your decision in choosing a type of account at Admiral Markets is likely to be influenced by a host of factors which include but are not restricted to starting capital, trading style, and experience. However, some major factors need to be considered irrespective of the trader's level of experience and these are:

  • Costs of transactions including but not limited to spreads and commissions
  • Trading software and platform
  • Trade routing: Electronic Communication Network (ECN) or Straight Through Processing (STP)
  • Available range of markets

Those four major factors combine to play a significant role in the profits accumulated by the trader or the losses incurred because a lower cost of transaction enables a trader to maximize profits. Top-notch trading software and platform will ensure the smooth execution of transactions and orders thus allowing traders to quickly respond to market changes. Trade routing through ECN or STP ensures that traders get the best possible price, while being able to access a wide range of markets will provide traders with ample trading opportunities that they can take advantage of.

Admiral Markets offers three major account types that traders can choose from and these include the Trade.MT4 Account, the Trade.MT5 Account, and the Zero.MT4 Account.

🌐 Website
admiralmarkets.com
Leverage
1:500
💼 Regulation
💲 Min Deposit
$1
Year Established
2001

Bonus offers
Trading contests
Free education
Trading by telephone
PAMM
MAM
Segregated accounts
Affiliate program
Islamic accounts available
Compensation scheme
Negative balance protection
Swap
Low spread eur/usd
VPS
Copy Trading
Neteller
PayPal
Skrill
Wire transfer

 

The Trade.MT4 Account

This is a popular account type for traders that are interested in trading multiple asset classes on MetaTrader 4 which is one of the most reliable and secure trading platforms in the market. The minimum deposit is 100 in any of these four currencies: USD, EUR, GBP, and CHF. There are 37 forex pairs available for trading along with CFD trading in Cryptocurrencies (5), Spot Metal (4), Spot Energy (3), Index Futures (3), Cash Index (16), Bond (2), and Stock (78).

 

The Trade.MT5 Account

Similar to the Trade.MT4 Account, the Trade.MT5 Account is also popular for multi-asset class trading with the major differences being that it has a wider range of available markets and it is on the MT5 platform rather than the MT4. It also has the same minimum deposit requirements as the MT4 account while having 37 forex pairs available for trading. The market range then starts to expand when it comes to CFD trading as it cuts across Cryptocurrencies (32), Spot Metal (5), Agriculture (7), Spot Energy (3), Index Futures (24), Cash Index (19), Commodity Futures (24), Bond (2), ETF (over 300), and Stock (over 3,350).

 

The Zero.MT4 Account

This account type is a unique offering for traders interested in raising their trading level. This account features the STP technology of Admiral Markets and it allows traders to engage in direct trading with top-notch liquidity providers. The minimum deposit requirement is similar to the previously discussed account types but the range of available markets is slightly limited compared to the other two account types. It offers 45 forex pairs and CFD trading is also available but limited to Spot Metal (3), Spot Energy (3), and Cash Index (10).

One major advantage that Zero.MT4 Account has over the other two account types is that spreads start from 0 pips while that of the other accounts start from 0.5 pips. At the same time, it also features lightning-fast execution of trades.

All three account types offer something unique and it then comes down to what a trader is expecting to gain from choosing a particular account type. Here's a simple guide to choose an Admiral Markets' account based on what they offer:

  • If you are a trader looking to trade multiple asset classes such as forex, index CFDs, and stock CFDs, then the Trade.MT4 account might just be the most suitable for you.
  • If you are a short-term forex trader that takes delight in day trading and scalping while taking advantage of the lowest possible spreads, then the Zero.MT4 Account might just be the best for you.
  • If you desire to diversify your trading into more than 3,000 stock CFDs from around the world, while also gaining access to more Commodity CFD markets, then it might be worth checking out the Trade.MT5 Account.

 


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.