Both Exness and Admiral Markets are very well-known among traders worldwide, but which one is better for crypto trading?
Cryptocurrencies have been sweeping the financial world for over 12 years now and it remains to be a hot topic in various popular media. Apart from being an innovative payment method for buying goods, cryptocurrencies can also be a speculative or investment asset. New and veteran traders alike have been joining the ride in the past few years, investing a good sum of money and expecting to gain even more.
If you are planning to dip your toes into crypto trading, signing up for a crypto broker or exchange might be the best option to start. Perhaps you have been asking to yourself "which platform is the best for crypto trading" as there are so many choices in the market. For your information, there are multi-asset brokers that offer a wide variety of assets aside from crypto to suit the needs of the various types of traders. Exness and Admiral Markets are two such popular examples. Read further to find out which one of them is better for crypto trading.
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Is Exness a Good Broker?
Exness is a popular broker that has over 270,000 clients worldwide. They processed a total of $870 million in withdrawals in the first quarter of 2022. Today, the broker operates in at least 130 countries worldwide under the regulation of multiple top-tier regulators. Along with forex, the broker also offers a number of other trading instruments like stocks, commodities, and cryptocurrencies.
Exness offers swap-free crypto trading on some of the most popular digital assets to trade such as Bitcoin, Ethereum, Litecoin, Ripple, and Bitcoin Cash among others. The spreads are floating, so you can check the latest update on the trading platform.
🌐 WebsiteThe choice of broker is adjusted to the needs of each trader. If you are a trader who only needs a basic platform and trading features with the best attributes, then Exness can be your best choice.
Exness covers its lack of feature variations with other advantages like low spreads starting from only 0.1 pip. This is very suitable for traders who use scalping strategies (Scalper). Spreads on major pairs in certain account types can also be as low as 0.0 pip, depending on market conditions.
Not only that, but traders can also enjoy other advantages such as automatic fund withdrawals. Exness processes the majority of client withdrawals instantly, without manual checks; however, withdrawals may be subject tos depending on the payment provider or method of choice.
The safety of traders' funds is also guaranteed as Exness is one of the European-based STP/ECN brokers. Exness's ability to become an official partner of the Real Madrid soccer team for 3 years, starting July 2017, also provides evidence that the company has high solidity.
Deposits and withdrawals may be made 24 hours a day, 7 days a week. However, it is important to note that the company shall not be liable fors in processing deposits and withdrawals if suchs are caused by the payment system.
Traders do not need to worry about transaction fees when depositing and withdrawing. Exness doesn't charge any transaction fees to traders even though some charges may be incurred depending on the payment provider of choice. A variety of payment methods are provided for traders, including Wire Transfer, Bank Card, Neteller, Skrill, and many others.
The financial reports and metrics on the Exness website are audited quarterly by Deloitte, one of the four largest public accounting firms globally.
Moreover, Exness is one of the mote transparent brokers in the online trading industry. Traders can find out all information about this company on the website, such as trading volume, number of active clients, client deposits, company funds, and many more.
The platforms provided by Exness vary in MetaTrader 4, MetaTrader 5, Web, and Mobile platforms. This makes it easy for traders when trading on Exness, as they can also access Exness platforms anywhere and anytime.
Over the years, Exness has developed into a broker that attracts traders. Trader's trust is further enhanced by its compliance with financial regulations like the FCA and CySEC.
One measure of client confidence can be put on the trading volume. By December 2018, their clients' monthly trading volume reached USD348.4 billion and active traders around the world surpassed 50,342.
Through the program offered by Exness, traders also have the opportunity to earn extra income by becoming their partners. From the Introducing Broker (IB) program, partners can earn up to 33% spread commission from every new client that registers with them.
Additional income can also be obtained from Exness Partners. Traders can get a spread commission of up to 25% per transaction made by traders who register through an affiliate link.
When trading with Exness, clients can also make use of its free VPS hosting services. A VPS (Virtual Private Server) offers increased reliability and stability for traders as they can maintain their trades and expert advisors without interruption in the event of unexpected technical issues, such as internet or electricity downtime.
From the review above, it can be concluded that Exness is a favorite broker for traders because of low spreads and flexible account types. This condition is very suitable for traders with limited funds but is in need of more opportunities to get maximum profit. This broker is also well known for its maximum support on both new and existing partners.
The minimum trading size varies, starting from 0.01 lots, while the maximum size is 20 lots. All of the crypto assets can be traded on MT4 and MT5, except for the following assets, which are only available on MT5: XRP/USD, AAVE/USD, LINK/USD, IOST/USD, DOGE/USD, COMP/USD, THETA/USD, CAKE/USD, MATIC/USD, HT/USD, MANAUSD, HBAR/USD, and 1INCH/USD
You can access the market 24/7 except during system maintenance. The broker will reach out to you via email when this happens. But even so, it is important to know that some cryptocurrency pairs may not be available at all times because they have trading breaks. Here's the full schedule:
- BTC/AUD, BTC/JPY, BTC/CNH, BTC/THB, BTC/ZAR: every Sunday from 21:35 to 22:05 server time.
- BTC/XAU, BTC/XAG: every Sunday from 22:35 to 23:05 server time.
- BTC/KRW: from Friday at 22:00 to Monday at 00:30.
Furthermore, Exness allows you to hedge your crypto trades with a hedged margin of 0%. Keep in mind that for BCH/USD, ETH/USD, XRP/USD, and LTC/USD, you won't be able to close orders for a volume of less than 0.1 lots (10 lots for XRP/USD) by hedge or partial closing.
Nonetheless, you can amplify your trade and aim for bigger profits using leverage. Exness allows fixed maximum leverage that is varied depending on the crypto asset. For instance, the fixed leverage for Bitcoin and Ethereum is 1:400, while for other digital instruments like Solana, the fixed leverage is 1:20. Not to mentions this broker also allows crypto payments for it's clients.
Is Admiral Markets a Good Broker?
With no less than twenty years of experience in the industry, Admiral Markets offers a wide variety of instruments along with favorable trading conditions. This broker provides access to forex and CFDs on stocks, energies, bonds, indices, metals, ETFs, and cryptocurrencies. Apart from that, the broker offers high-tech trading platforms, including the industry-standard MetaTrader 4 and MetaTrader 5, as well as a proprietary plug-in called MetaTrader Supreme Edition.
In Admiral Markets, there are more than 20 crypto CFDs to choose from, including Bitcoin, Ethereum, Litecoin, Cardano, Dogecoin, and many more. All of these crypto assets are available to trade on MetaTrader 5 and most of them are available on MetaTrader 4 as well. The broker allows you to access the market 24/7 and trade with considerable leverage.
Admiral Markets' mobile app allows you to easily monitor the markets, access various charts, and manage your trades anywhere and at any time. On top of that, the broker ensures that the spreads are low and stable even during high volatile markets.
Which is the Best Broker for Crypto Trading?
First of all, it is important to note that both Exness and Admiral Markets only allow traders to trade with crypto CFDs, which means that you can trade crypto without taking ownership of the underlying asset. This is a great way to avoid risks associated with buying and storing digital currencies in a crypto wallet. There have been cases where users lost their crypto assets due to hacking activities and scams.
To find out which broker is better between Exness vs Admiral Markets, here is a complete breakdown to compare the two:
| Crypto Trading Aspects | Exness | Admiral Markets |
| ⌛Founding Year | 2008 | 2001 |
| 💼Regulation and License | FCA, CySEC, FSCA, FSSA, CBCS, FSC | CySEC, FCA, ASIC, FSCS |
| 🔢Spread | From 0 pips | Variable |
| ⚖Leverage | Fixed depending on the underlying cryptocurrency | Up to 1:2 for regular traders, up to 1:20 for professional traders |
| 💻Trading Platforms | MetaTrader 4, MetaTrader 5, Exness Terminal, Exness Web Terminal, Exness Mobile App | MetaTrader 4, MetaTrader 5 |
| 📱Mobile Trading | Available | Available |
| 📁Trading Accounts |
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| 🕓Trading Hours | 24/7 | 24/7 |
| Crypto Selections |
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As you can see, both Exness and Admiral Markets have their own pros and cons when it comes to crypto trading. Exness is a solid all-around broker with a good track record, further proving their safety and reliability. Those who are looking to trade crypto assets will surely be pleased with the broad offerings as well as the high accessibility and low trading costs.
On the other hand, Admiral Markets is a reliable brokerage firm that offers a handful of instruments and trading platforms. The combination of high technology and excellent customer support makes it one of the most successful brokerage firms in the market right now.
Final Verdict
Despite the recent downturn in the overall market performance, crypto trading is still in demand. While the mass adoption of cryptocurrency is still highly unlikely, the digital asset has created a volatile trading market suitable for high-risk, high rewards type of trader. Crypto CFDs trading, in particular, gives traders the opportunity to take advantage of the volatile market without having to endure the risks of buying and holding the asset. The market is available 24/7 and offers low transaction fees. With a regulated broker and access to proper risk management tools, crypto trading is definitely hard to pass.
At the end of the day, the answer to the question of which broker is better eventually goes back to your consideration. You need to decide based on your needs and preferences in various aspects, such as fees, trading platforms, and trading accounts. For instance, if you are a day trader, it's highly suggested to pick a broker that offers high execution speed and a good mobile app. This allows you to receive notifications and easily open and close trades from anywhere throughout the day. Meanwhile, if your goal is to diversify your portfolio, it's best to go with a broker that offers a wide variety of instruments.
22 Comments
Dylan
Mar 7 2023
Out of the two brokers, which one has the better spread?
Mark Andreas
Mar 7 2023
I have no knowledge about trading cryptocurrencies through forex brokers. From what I understand, cryptocurrencies like Bitcoin are very valuable and expensive to acquire. I am not sure how the trading system works with brokers. Do we purchase cryptocurrency assets and wait for the price to increase before selling them to make a profit? Furthermore, what distinguishes a crypto broker from a crypto exchange?
This is all very confusing to me, and I do not fully comprehend the process of trading cryptocurrencies through forex brokers.
Anthony
Mar 7 2023
Mark Andreas: Basically, when you trade cryptocurrencies through a forex broker, you're not actually buying and owning the coins themselves. Instead, you're using something called Contracts for Difference (CFDs). These allow you to speculate on the price movements of the cryptocurrency without actually owning it.
So, when you trade cryptocurrency CFDs with a forex broker, you're essentially making a deal with the broker to exchange the difference in price from when you open the trade to when you close it. This means you can potentially make a profit even if the price goes down, because you're speculating on the movement of the price rather than actually owning the coin.
It's important to remember that when you trade cryptocurrency CFDs, you don't own the underlying asset. But this also means you can take both long (buy) and short (sell) positions, giving you the opportunity to potentially profit from both upward and downward price movements.
riio22
Mar 7 2023
It is interesting to note that Admiral Markets offers a very high leverage of 1:500 for trading Forex and other assets, while only offering a leverage of 1:20 for crypto trading. Exness also provides high leverage for Forex and other assets, but for some crypto assets, the leverage is only 1:20, and 1:400 for BTC and ETH. Despite the relatively higher leverage offered by Exness for BTC and ETH, it is still much lower compared to Forex trading, where Admiral Markets only provides 1:2 leverage for common traders. This low leverage in crypto trading requires more funds to engage in such trades. The question then arises as to why the leverage in crypto trading is significantly lower than that in Forex trading
Ternier
Mar 7 2023
riio22: Crypto trading usually has lower leverage than Forex trading because cryptocurrencies can be more volatile and unpredictable. Crypto prices can swing wildly up or down in a short amount of time, which means that there is a higher risk of losing money. So brokers limit the amount of leverage they offer to help protect their clients from making big losses.
Also, crypto trading is a relatively new and unregulated market. Many brokers are still figuring out how to manage the risks associated with crypto trading, and they may be cautious about offering high leverage ratios until they better understand the market.
In addition, the crypto market is open 24/7, which means that there is more time for unexpected events to occur. This can cause sudden changes in price, and brokers may reduce leverage ratios to help manage the risk of traders getting caught in unexpected swings.
Kenny
Mar 7 2023
Ternier: I think I understand about the crypto leverage.
Based on you have write above, crypto trading is a relatively new market compared to Forex trading, and this can make it more difficult for brokers to assess the risks involved. However, as you mentioned, some brokers like Exness do offer higher leverage ratios for certain cryptocurrencies like BTC and ETH, which are more established assets with a longer track record.
While it's true that BTC and ETH may be more stable than some other cryptocurrencies, it's important to remember that all cryptocurrencies can still be highly volatile and risky. The crypto market as a whole is still in its early stages, and it's difficult to predict how it will evolve over time. This uncertainty can make crypto trading more challenging for beginners who may not have a lot of experience with financial markets.
Thanks for the explanation!
Steven
Mar 8 2023
What are the biggest advantages of trading with Admiral Markets?
Collina
Mar 8 2023
Based on the above article, Exness and Admiral Markets seem to offer multiple trading platforms according to their functions. For example, Exness. As it not only offers both MetaTrader 4 and MetaTrader 5, but it also includes Exness Terminal, a web terminal and also Exness Mobile App in Admiral Market, for trading in cryptocurrencies only on MetaTrader 4 and MetaTrrder 5. So because of the many options I can use to trade, I choose Exness over Admiral.
Since I have chosen, before proceeding to sign a real account, I would like to ask what is the best cryptocurrency trading platform between MetaTrader 4 and 5. Also, is it enough to trade crypto in Exness Terminal and mobile app? ?
Sisca
Mar 8 2023
Collina: Hey there! If you're trying to decide between using MetaTrader 4 or 5 as a platform for trading cryptocurrencies, there are some important things to keep in mind. MetaTrader 4 is a more established platform that's been around for a while and is really popular in the industry. It's super easy to use and has a big community of users,.(Is MetaTrader 4 still relevant?)
But, if you're an experienced trader looking for more advanced features, MetaTrader 5 might be a better option for you. It has a really cool strategy tester that helps you backtest trading strategies more accurately. Plus, it supports a wider range of financial instruments, like stocks and futures, in addition to cryptocurrencies. (MT5 Forex Broker and Their Advantage) And as reference, you can read about Exness MT4 vs MT5 (Exness MT4 and MT5, which one you should choose?
If you decide to go with Exness as your trading platform, you'll be happy to know that they have a Terminal and mobile app that make trading cryptocurrencies super convenient and easy. The Terminal lets you access all of Exness' trading instruments, including cryptocurrencies, and has some really advanced charting and analysis tools. And, the mobile app lets you trade on-the-go and is available on both Android and iOS devices. ( Exness Mobile App Review)
Mia Clarkson
Mar 8 2023
Choosing a broker is like choosing a wife. I mean the article discussed Exness and Admiral Markets, both are good for crypto trading. But I guess, for me, it's not just crypto trading but also other derivatives like gold and Forex. Overall, I can see the pros and cons of crypto trading with Exness and Admiral.
At this point, I thought for a moment, what if I only trade in crypto? As a beginner, I want to make profits faster and I think more volatile markets mean more luck, right? so i want to ask how profitable are forex and crypto CFDs and which is riskier? ? THANK!!
Mamba
Mar 8 2023
Mia Clarkson: It's difficult to give a straightforward answer about the profitability of forex and crypto CFDs since it depends on a variety of factors such as market conditions, your trading strategy, and your level of experience. Some traders are able to make consistent profits trading forex and crypto CFDs, while others may struggle to be consistently profitable.
In terms of risk, both forex and crypto CFDs can be considered high-risk investments since they are highly volatile markets. The value of currencies and cryptocurrencies can fluctuate rapidly, and this volatility can lead to significant gains or losses in a short amount of time. That being said, trading crypto CFDs is generally considered to be riskier than trading forex CFDs due to the higher volatility and unpredictability of the cryptocurrency market.
Mia Clarkson
Mar 8 2023
Mamba: Thank you for your reply. So based on what you said, for me, as a beginner, it's better to understand Forex first after this cryptocurrency because the crypto market is much more unpredictable. . And also volatility, as you said, can increase trading risk. (I really didn't know about that).
To come up with the best platform for me, I guess to trade Forex you need to use Metatrader 4 and not any other platform, although another one can be very advanced. but I think MT4 is still relevant after all
Kelly Dan
Mar 14 2023
All this time, I only know Exness and Admirals for their forex and stock trading services, so this article is very refreshing to me. I didn't even notice that these two brokers also offer crypto trading for their clients because when it comes to cryptocurrency, people typically only talk about giant crypto exchanges like Binance, Kraken, and such. Now I'm wondering, does that mean multiasset brokers are less recommended for crypto traders? We all know that blockchain and crypto trading use a completely different technology than traditional assets, so maybe it's better to pick a broker that specializes in cryptocurrency?
Madeline
Mar 16 2023
It is worth pointing out that crypto brokers simply act as the middleman that allows traders to speculate on the movements of cryptocurrency prices. When trading with a broker, traders typically use a derivative product called crypto CFD offered by the broker. This allows you to speculate on market prices without having to actually own the asset. On the other hand, crypto exchanges like Binance allow you to acquire crypto coins and possess them outright. Here's more information about it: Top 10 Crypto Exchange for Beginners
That being said, I don't think that multiasset brokers are less profitable to trade crypto as long as you are trading with a reliable company. In fact, it is a great choice for multiasset traders who want to dip their toes into crypto trading. The biggest benefit is that it allows you to trade multiple assets on a single platform, so there's no need to sign up with another broker and adjust to new system. This also presents an opportunity to diversify your portfolio in a hope to make bigger profits and minimize risks at the same time.
Kelly Dan
Mar 18 2023
Hey thanks for the response! I totally get it now. I guess it depends on your goal then, whether you want to purchase the actual crypto coin and hold it as an investment or you want to make profit from speculating crypto prices. I'm more of the latter though, so I think brokers like Exness would fit me best. Now the only thing left for me to do is to figure out which crypto CFD that I'd like to invest in and see if it's available on the broker.
Nana
Mar 14 2023
Hey, nice post. I'm an Admirals users and I've been aware that they support crypto trading for a while now, but I wasn't interested in trying it until I read this article. Of course, that means I'm a complete newbie here and I have no idea where to start. What I do know is that cryptocurrency is highly volatile and that it's relatively more risky compared to fiat currency. So, with that in mind, how much money do you recommend to start crypto trading and what should I prepare to start the trade?
Matty
Mar 14 2023
There is no set minimum amount to put in crypto trading. However, in Admirals, the minimum lot size for every trade is 0.01 lot, so you can start with that amount, then gradually increase the size once you're more comfortable and confident. There is also an option to trade with leverage, although I wouldn't necessarily recommend this for beginners. No need to make a separate account for crypto trading, so you can simply use your usual MT4/MT5 trading account. if you are using MT4, make sure to check the availability of the crypto that you want.
Aside from the tools, you also need to prepare yourself. Take some time to learn about crypto trading, find out why people trade digital currencies, and do a lot of research around the topic. Lastly, find the strategy that works for you and don't forget to manage your risks well. Good luck!
Ethan
Mar 15 2023
What do you think is the most important aspect to consider when choosing a crypto broker?
Benji
Mar 21 2023
Hi, I'm new at crypto trading so I really don't want to take too much risk with my trades. These two brokers sound great but is it possible to trade several different instruments at the same time and open hedging positions with crypto?
Cameron
Mar 30 2023
What is the minimum deposit in Exness and Admiral Markets?
Maddisson
Apr 16 2023
Is it possible to do fundamental analysis in crypto trading? In forex trading, we usually combine both fundamental and technical analysis to make accurate trades. However, some folks say that the crypto market is more volatile and unpredictable than forex, which often leads to traders needing to add more deposits to hold their floating losses.
Although some people find crypto trading profitable, the market is known to have high fluctuations, making it difficult to predict. That's why I think that the more analysis we conduct, the better prepared we will be to make informed predictions. But the question remains, can we truly perform fundamental analysis in crypto trading?
Liam
Apr 16 2023
@Maddisson: Yes, it is possible to perform fundamental analysis in crypto trading. Fundamental analysis involves analyzing the underlying economic and financial factors that affect the value of an asset. In the case of cryptocurrencies, this can involve analyzing factors such as the overall market sentiment towards cryptocurrencies, government regulations, the adoption rate of cryptocurrencies by businesses and consumers, and the overall health of the global economy.
While fundamental analysis can be a useful tool for predicting the future value of cryptocurrencies, it is important to keep in mind that the crypto market is highly volatile and unpredictable. Therefore, traders should always use a combination of fundamental and technical analysis to make informed trading decisions and manage their risk appropriately.