Interactive Brokers vs Admiral Markets: Which One is Better for You?
Interactive Brokers vs Admiral Markets, which one is better? Both brokers are often compared to each other to find which one comes out to be the better one. What many traders may not comprehend is that the best choice may differ for every one of them, and there's nothing wrong with it. To make it easier for you to decide which one is the best between Interactive Brokers vs Admiral Markets, here is the direct comparison:
|Feature||Interactive Brokers||Admiral Markets|
|Office(s)||Australia, Canada, Hong Kong, United Kingdom, United States||Argentina, Australia, Bulgaria, China, Croatia, Czech Republic, Germany, Hungary, India, Indonesia, Italy, Latvia, Lithuania, Poland, Romania, Russian Federation, Serbia, Slovakia, Slovenia, Spain, United Kingdom|
FCA (UK), 208159
Monetary Authority of Singapore, CMS100917
SEC (US), 8-47257
FCA (UK), 595450
FSA (Estonia), 10932555
|Minimum Position||0.25 lot||0.01 lot|
|Payment||BPAY, Check, Wire transfer||Bitcoin, Credit/debit cards, iDEAL, Neteller, PayPal, Skrill, SOFORT, Wire transfer|
|US traders are welcome|
|Requires sending documents via postal mail|
|Overnight interest rates (swaps)|
|Trading by telephone|
|Interest rate on funds|
Trading Platforms and Complements
|Trading via API|
|One-Cancels-Other (OCO) orders|
|Gold & silver|
|Website Languages||Chinese, French, German, Italian, Japanese, Russian, Spanish||Arabic, Bulgarian, Croatian, Czech, English, Estonian, German, Hungarian, Italian, Latvian/Lettish, Malay, Polish, Portuguese, Romanian, Russian, Serbian, Slovenian, Spanish, Swedish, Turkish, Vietnam|
TimothySep 9 2020
If have traded myself and it was alright. Spread and commissions is however good. Overall I give average.
MackenzieSep 9 2020
I am trading forex since 2 years and worked with 2 companies earlier but i was not satisfied with the execution of trades,depositing and withdrawal with them. Since i joined Admiral Markets the quality of trade execution was great and customer support always helpful.
Carlos TessaroSep 9 2020
Nice experience with them, though there is always place for improvements especially in bringing new platforms to clients.
Lydia MacGillSep 9 2020
Everyone has their flaws. but for me admiral markets is great. Order execution is high, slippage is rare.
Diego MichielsSep 25 2020
It’s trusted broker of course and regulation with FCA and good people, just sometimes not very often on MetaTrader you can see it’s will stop for few minutes but overall good company. You can trust and put your money on this broker.
MariaSep 9 2020
I still learning your MT5 but the drawing tools are not very easy to use.
Evan WestonSep 9 2020
They can put spreads in ECN account for more than 200 pips. This is horrible.
cthln001Sep 9 2020
Support team is excellent so I'm very pleased with their work. They are reliable and no problems on withdrawal.
BobSep 9 2020
Still I think that to get 5 stars Admiral needs its own platform. But they are great broker so far.
DevorahSep 9 2020
I would recommend them for sure because they are good broker so far. But they should work on some issues like: lask of stock fundamentals, fees, and withdrawal process using credit cards.
Josephine MaddoxSep 9 2020
I have tried so many brokers but admiral market is one of the best mt4 broker. They provides free Education and meterial which is very helpful for a trader like me and they have one of the best forex analysis I would recommend admiral market as a best broker no slippage and requoets.
Isaiah ManojSep 25 2020
Low execution times, fast withdrawal and good customer support.
jms57Sep 9 2020
Unfortunately my scalping robot didn't work too good on this broker. Perhaps they need to lower their spreads to be competitive.
BarbaraSep 9 2020
I think they manipulate prices because since they promised to come back to me, they never did till now. So I do what I can, I closed my account. Bye.
ThomasSep 9 2020
Scalping is a big no from this broker. So disappointing. Also their wide spreads is problem too.
DunhammSep 9 2020
I thought about giving a 4 star rating for Admiral but decided on 3 because I think that there is more room for improvement on the commission charged. Average broker. I did not have a problem depositing but withdrawal took longer than anticipated.
MariettaSep 9 2020
I never advise them. Technical support is very poor. The worst Broker. Very bad in deposit and withdrawal.
Miranda GultomSep 9 2020
I'm having problem with my withdrawal process. They asked me a lot of documents, and so far, just that. I don’t know the problem is from them or my bank because all they do is asking for documents and I'm tired of it.
JoshSep 9 2020
MetaTrader Supreme Edition.is absolutely my favourite! It makes possible to test myself. Because I have been trading for 1 year only. And sometimes need help in technical analysis.
Jonathan GrahamSep 9 2020
Above average broker for me, at least I'm not disappointed. AdmiralMarkets have good system, and fast execution. No problem with withdrwal process. Keep up the good work.
Which one has the better spread?
Considering that spread is a trading cost, the lower the spread, the better it is for traders. However, spread information among brokers is not easy to get, as not every broker transparently publishes their spreads data.
However, traders can still choose their ideal brokers by the type of their spreads. The most two popular types of spread are fixed and variable. The pros and cons between the two spreads can vary for every trader. In this case, Interactive Brokers provides their pricing with Fixed while Admiral Markets offers Fixed.
Interactive Brokers vs Admiral Markets: Who hosts the best trading platform?
The trading platform is essential as you can't execute a trade without it. Additionally, trading platforms provide price charts and an assortment of analytical tools to help traders with their strategies.
To support their clients, Interactive Brokers enables trading with Web Trader (SerSart), FX-Trader, Trader Workstation. The offer is supported with Browser-based platform, One-click trading, Trailing stop, Pending orders. In comparison, Admiral Markets provides trading with MetaTrader 4, MetaTrader 5 with the support of Mobile trading, One-click trading, Trailing stop, Pending orders.
Is Interactive Brokers or Admiral Markets better in providing the trading instruments?
It is widely known that forex brokers offer other trading instruments other than currency pairs. The offer gives interesting choices for traders to explore other markets that may be proven beneficial for them and to diversify their trading portfolios.
In this case, Interactive Brokers supports trading with Forex, Gold & silver, CFD, Stocks, Options, Futures, Bonds, ETF, Cryptocurrencies, while Admiral Markets presents the ability of trading with Forex, CFD, Cryptocurrencies, Agriculture, Metals, ETF.
In conclusion, deciding the better broker eventually comes down to your consideration. If you are an active trader, it is better to choose a broker with a variable spread that is generally lower than the fixed one. For the trading platform, MetaTrader 4 is the standard choice for every trader. But if you want to have a different experience with a more advanced platform, choose the broker that provides alternative platforms. The same goes for trading instruments; if you want to try delving into different markets, seek for a broker with more options on trading instruments. To help you decide, this article here presents complete information on what you have to consider when choosing a forex broker:
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