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Trading EUR/USD in Admirals can offer a lot of benefits for traders. One of them is competitive spread in all trading accounts.
One of the most traded financial instruments in the world is none other than EUR/USD. The currency pairs represent two of the world's largest economies: Europe and the United States. It is known that the Euro has become the largest currency in the world, second only to the US dollar.
But there are other reasons why this pair has so many fans across the financial markets. First, EUR/USD has one of the best liquidity among many other market pairs. Assets with high liquidity tend to have much lower transaction costs, which benefits traders. Because of this, EUR/USD tends to have a lower spread than any other pair.
Another benefit of trading EUR/USD is the volatility. For information, high-volatility assets move faster and make bigger trading ranges than less-volatile ones. It means traders will be easier to find opportunities to gain profits.
Considering EUR/USD's potential, it's not a question of why all brokers provide the option to trade them. One of the best examples of this is Admiral Markets or Admirals.
Trading EUR/USD in Admirals Based on Account Type
There are several things to watch for trading EUR/USD in Admirals. First, understand that the trading conditions can differ according to the trading accounts. There are 4 account types in Admirals Global with different specifications that you need to pay attention to:
Trade.MT5
Generally, this is the Admiral Market's standard account available on the MT5 platform. The Trade.MT5 account offers a minimum 0.5 pips EUR/USD spread. There won't be any commission fees charged for this account. Another benefit is that this account has a high leverage of up to 1:500 in Admirals Global. This will give traders a better opportunity to profit with less capital. Hedging is allowed in this account, so traders could utilize the strategy at their disposal.
The specifications for this account make it the best choice for MT5 users who are looking for low trading costs.
Trade.MT4
For traders who aren't too fond of MT5 but still prefer a standard account, they can opt for Trader.MT4. Technically, the specifications are similar to the Trade MT5. This account offers a minimum spread of 0.5 pips with no commission fees whatsoever. Of course, traders can enjoy a little boost in their trading power. This account provides a leverage maximum of 1:500. Just like Trade.MT5, Trade.MT4 also allows hedging for its users. With this specification, it is safe to say that this account is specifically made for new traders who prefer MT4 trading platforms.
Zero.MT5
For traders who are looking for an even lower spread, Admiral Markets offers a Zero.MT5 account. As the name suggests, this account is specifically created for those whose strategy relies heavily on spreads, such as scalping. The minimum spread for this account starts from 0.0 pips for EUR/USD, which is as low as traders can get in Admiral Markets. However, the zero spread comes with a commission fee. Luckily, the Zero.MT5 account only charges $3 commission fees per side or $6 per round turn. Another benefit is that traders can get leverage up to 1:500 for this account type.
Zero MT4
The lower spread options for EUR/USD in Admiral Markets do not stop at Zero.MT5. The Zero.MT4 account is actually similar, but it's geared toward traders who prefer MT4. This account has 0.0 pips EUR/USD spread, a good deal for those who are looking for low-spread trading. One thing to know is that, just like any other zero spread account, Admiral Market's Zero.MT4 account charges commission fees. Similar to the Zero.MT5, the commission fee for this account is only $6 per round turn.
Which Account Suits You?
The key to successfully trading EUR/USD in Admirals is to choose the right trading account type. To do that, traders should first decide whether they like MT4 or MT5 better. The next step is to decide whether they are willing to pay commission fees for a lower spread. For example, Trade.MT4 and Trade.MT5 have much lower trading costs, but the EUR/USD spread is slightly higher there. On the other hand, traders that use a scalping strategy or other short-term trading techniques might find more benefits with the zero spread accounts. In the end, it's all according to the trader's needs.
Is Admiral Good for EUR/USD?
Evidently, Admiral Markets provide plenty of choices for trading EUR/USD. Firstly, this broker comes with two options for trading platforms: the MT4 and MT5 which are well-known throughout the trading community. This platform is often considered easy to use and has many technical indicators to choose from. But the platform is not the only thing that makes trading EUR/USD in Admiral worth the hassle. This broker provides zero spread options for traders who need them. If they don't like paying commission fees, traders can opt for the Trade accounts.
To further support the EUR/USD trading experience, Admirals accepts EUR base currency in all accounts. Depending on which Admiral Markets company you register with, you could start trading with a minimum deposit of $25-$250.
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.
15 Comments
John
Mar 19 2023
I was reading this article about forex trading and noticed that EUR/USD has one of the best liquidity levels. I'm curious to know why this currency pair is considered to have the best liquidity and why it's a popular choice, especially for beginners. Additionally, I'm wondering why the spread for EUR/USD is generally lower compared to other currency pairs. Are there any other currency pairs that have similar characteristics to EUR/USD in terms of liquidity and lower spread? Thank you!
Peter
Mar 19 2023
Let me answer :
EUR/USD is a popular currency pair among traders, and it's known for having one of the best liquidity in the forex market. But why is that? Well, it's because the euro and the US dollar are the two most widely traded currencies in the world, which means there's a lot of trading activity and demand for these currencies.
This high demand and trading activity also mean that there are many buyers and sellers in the market for EUR/USD, which makes it easier for traders to enter and exit trades quickly without significant price movements. As a result, brokers can offer lower spreads for this currency pair, which is one of the reasons why it's a popular choice for traders.
As for other currency pairs that may have similar characteristics to EUR/USD, it's worth looking at other major currency pairs like GBP/USD, USD/JPY, and USD/CHF. These pairs also have high liquidity, which makes them good choices for traders looking for lower spreads and high trading activity.
John
Mar 19 2023
Thank you for your explanation! It's great to know that the popularity of the EUR/USD pair among traders, as well as the strong economies of the European Union and the United States, contribute to its high liquidity and low spreads. It's also interesting to learn about the other currency pairs that have similar characteristics to EUR/USD, such as GBP/USD and USD/JPY.
And above that, I understand now about the main topic of the article that explain about the Admirals and EUR/USD. And because Admiral use MT4 and MT5 that very famous and can offer many trading tools in there, it makes Admiral may be very good to trade EUR/USD.
Terry
Mar 19 2023
Based on the article, I can see the different between Trade and Zero. If you want to find the no commission trading, you can choose Trade account either at MT4 or MT5. And if you want to choose 0.0 pips, you can choose Zero account either at MT4 or MT5.
I dont know why the Trade and Zero account in the Admirals need to be divide between MT4 and MT5. But wether you choose MT4 or MT5, I must admit that EUR/USD spread offered in the Admirals are relatively low. I also know that MT4 and MT5 little bit different, but I am very curious about both platforms. Can use same account to trade in both platform? Thank you!
Ariel
Mar 19 2023
So, while it's definitely possible to have both MT4 and MT5 platforms installed on your computer and even have multiple trading accounts with the same broker, you won't be able to use the same trading account to trade on both platforms at the same time. That's because the programming languages used in MT4 (MQL4) and MT5 (MQL5) are different and not compatible with each other.
So, if you want to use both platforms, you'll need to open separate accounts for each one. My suggestion would be to start with opening two demo accounts and then do some trading on both platforms to determine which one suits you best. Once you've decided which platform you prefer, you can then open a live account for that particular platform. This way, you won't have to worry about opening and closing multiple accounts unnecessarily.
Veronica
Mar 20 2023
Admiral Markets has captured my attention with its two similar trading accounts that differ in their trading platforms, namely the trade.MT4 and trade.MT5 accounts. I find it interesting that both accounts offer the same fee structure, and I would like to learn more about the minimum deposit required for all the accounts offered on Admirals Market. Additionally, I'm curious whether it's possible to adjust the leverage offered on Admiral Markets. As a trader, I understand the importance of choosing the right leverage for my trades. Therefore, I would appreciate any advice on the recommended leverage for trading with Admiral Markets. Thank you for your assistance
David
Mar 20 2023
Sorry, can I ask in your comment as I think we are sharing similar topics but different circumstances. I hope there is an answer for me, what is the difference between MetaTrader 4 and MEtaTrader 5? Since I brought a new laptop here, even at Admiral I can't use MEtaTrader 4, it always automatically switches to MEtaTrader 5 once I finish downloading it. By the way, I use WINdows 11 and I am afraid that if I cannot use MEtatrader 5, especially on the Trade.MT5 account at Admiral? and is MetaTrader 5 similar to MetaTrader 4 but with more features?
Paul
Mar 20 2023
Hey there! about the minimum deposit for both MT4 and MT5 accounts at Admiral Markets is just $25! So, you can choose between Trade and Zero account depending on your trading style.
Next up, let's talk about leverage. Admiral Markets offers flexible leverage options depending on what you're trading. For example, forex trading has a maximum leverage of 1:500, while shares trading has a max leverage of 1:5. You can adjust your leverage within these limits, depending on how much risk you want to take on. Personally, I think the maximum 1:500 leverage is pretty good, but you can always choose a lower option if you prefer.
Now, when it comes to the difference between MT4 and MT5, MT5 is definitely the more advanced option. It's got more chart timeframes, more technical indicators, and better backtesting capabilities. So, if you're a serious trader looking for more tools, MT5 might be the way to go. You can read about the different between those two at here : Best Trading Platform For Beginner
Hengky
Mar 20 2023
Depending on the Admiral Markets company you sign up with, you can start trading with a minimum deposit of $25 to $250. Ok, I just read in the admiral market some companies related to certain areas. So it turns out that we can get very different trading terms at Admiral of the United Kingdom with Admiral of Jordan. And you can also get a similar trading terms between UK and ASIC. The question is which regulation governs Admiral Markets. And if I am not a Jordanian, Australian or European trader, which Admiral Markets regulatory body can apply to me?
Edward
Mar 20 2023
Based on my experience, brokers that are regulated by multiple regulatory bodies will apply to global traders having the most attractive features such as lower deposits and higher leverage. In this case, the Jordanian governing body would not apply as it focuses on the Middle East and would follow the rule of law, especially Islamic law.
We can see the Admiral Regulator, has ASIC 28381, CySEC 201/13, FCA (UK) 595450, FSA (Estonia) 10932555, FSA (Seychelles) 8426894-1, FSCA (South Africa) FSP51311, IIROC 29.04. 2022 and the Jordan Securities Commission 57026.
What makes the most possible is the Seychelles. The South African FSCA is used by African traders, while the IIROC is the Canadian regulatory agency. So you will be trading on Seychelles trading terms! I hope this enlightens you!
Molina
Apr 3 2023
When it comes to trading the EUR/USD, most brokers offer a lower spread due to its high liquidity. As the article mentioned, Admiral Markets is known for offering good trading conditions for the EUR/USD. However, in my opinion, not only the EUR/USD but also other major currency pairs on Admiral Markets have competitive spreads. For instance, my favorite pair after the EUR/USD is the USD/JPY, which also has a starting spread of 0.0 on the Zero.MT4 or MT5 account.
Regarding the account type, Admiral Markets offers two options - Trade and Zero. As a beginner, which account type would suit me better? Additionally, can I start with MetaTrader 5 without learning MetaTrader 4? Lastly, is it worth it to learn MetaTrader 4 or should I just focus on MetaTrader 5?
Baron
Apr 3 2023
Hey, let me answer some of your questions. As a beginner, you may want to consider starting with the Trade account on Admiral Markets, which has lower minimum deposit requirements and commission fees compared to the Zero account. As usual, Zero account may provide lower spread but you need to watch about the commission that occured which is $6. For beginner trader, commission that $6 may higher and will burden you. However, for experience traders who looking for tighter spreads, the Zero account may be a better option for them. It's worth noting that both accounts offer similar features and tools.
In terms of learning MetaTrader, you can start directly with MetaTrader 5 without needing to learn MetaTrader 4 beforehand. MetaTrader 5 is an improved version of MetaTrader 4 and offers more advanced features and tools. If you can master MEtaTrader 5, you will have no problem to operate MetaTrader 4.
By the way, it is my opinion. You can do your own research too, just create demo account in Admirals and feel what is the best for you! Good luck then!
Molina
Apr 3 2023
Really? So, MetaTrader 5 is an improved version of the previous version? I just learned about this because some people have said that there are different programming languages used to create MT5 and MT4, which are MQL5 and MQL4, respectively. I think that MT5 is a completely different platform compared to MT4 since even the expert advisors (EA) and some plugins that I know are different.
However, if you're saying that MT5 is an improved version of MT4, then I think I will choose MT5 instead of MT4 since once you become proficient in trading with MT5, you can also use MT4 easily. It's like learning one and getting two!
By the way, thank you for the insightful information you provided. I appreciate it!
Sandy
Apr 3 2023
Hey, I'm not a European trader, so I'm not sure if Admiral Markets accepts EUR as a base currency. However, I'm curious about trading EUR/USD with the same currency as the currency pair, which would be EUR in this case. While some brokers may not facilitate this, it seems that Admiral Markets does accept EUR. I usually trade with USD as the base currency, so I'm wondering what the advantages are of using EUR to trade EUR/USD in Admiral Markets. Also, as a non-European trader, would I be able to deposit funds in EUR?
Hathaway
Apr 3 2023
Hey there! If you're not a European trader, you might be wondering if Admiral Markets accepts EUR as the base currency. Well, I haven't tried it myself, but from what I know, it's possible. It's actually quite rare to see trading in EUR since most brokers offer USD as the base currency.
Now, if you're curious about using EUR to trade EUR/USD on Admiral Markets, let me tell you, there are definitely some advantages to it! For one, it can simplify your trading process since you won't have to worry about converting currencies back and forth. Plus, it might help you avoid some conversion fees.
As for depositing in EUR, I believe it's possible for non-European traders too, but you might want to double-check with Admiral Markets to be sure. Overall, using EUR as the base currency for trading EUR/USD is definitely worth considering!