Detailed Forex Broker Review
Admiral Markets is a popular Forex broker that has a long history of operations in Europe and the CIS. The company have become one of the leaders in this sector being founded in 2001. But over the past few years, the reputation of a broker in the CIS has been somewhat overshadowed by a barrage of negative reviews.
In this review you can find out all the information about the work of Admiral Markets, as well as see a number of responses and the overall rating of the company among other dealing centers.
General infomation about Admiral Markets
This company provides users with access to trading the most popular financial instruments. Among them are stocks, CFDs, and even cryptocurrency. The central office is located in London. But activity is actively conducted in the CIS, in Europe, and in Asia. The company is regulated by two independent bodies: FCA and EFSA.
• Minimum deposit – $200$
• Investment projects – no;
• Minimum lot – 0.01;
• Size of spreads – from 0 points;
• Bonuses and affiliate programs – yes;
Types of trading accounts and conditions
There are several trading accounts from a broker:
The first type of account is standard. The minimum deposit in it is $200. At the same time, there is no customer account, which makes it difficult for novice participants in financial markets to access trading. The second and third type of account is considered premium. The minimum deposit there is a whole $1000. The total number of financial instruments for trading remains unchanged – over 60 units for all types of accounts.
Advantages and disadvantages of the broker Admiral Markets
Let’s start with the negative aspects of the broker:
• Long waiting time for a response from the support service (regardless of whether you write via online chat or leave an e-mail request);
• Difficulties with the withdrawal of funds, as confirmed by numerous user reviews.
Problems in the stability of processing payments and requests to the consulting chat may be associated with certain restrictions and lack of verification by users. Upon opening a personal account immediately, you will need to go through identification, send in an electronic version a scan-copy of personal documents through a special form. This is required by law.
Broker Admiral Markets was one of the first to introduce the ability to choose trading conditions, depending on the regulator. The controlling organizations set different conditions and requirements, so everything depends on the choice of the user.
The advantages of the broker Admiral Markets:
• Loyal trading conditions: a large selection of financial instruments for trading, a small amount of spread;
• Support for Metatrader 5 and numerous tools, assistants in trading (for example, automated advisors);
• The long history of the company, as well as its British roots.
It is very important that the brokerage company has the support of traders in the format of educational materials. You can really find a section with free educational material on the website of the broker Admiral Markets. The economic calendar, the section with forecasts from experts, and the block with technical analysis are proposed to users.
At the central office of the company there is a whole block of authors and analysts who keep an information column. All data is fresh, they are updated every weekday. Separately, it is worth highlighting a column with cryptocurrency analytics.
Withdrawal and replenishment
Admiral Markets has no restrictions on withdrawing or depositing funds. Accepted details and bank cards and e-wallets. The commission is charged only by the payment systems themselves. On average, applications are processed in 1-3 business days. But some customers complain for significant delays.
It is difficult to single out any advantages of Admiral Markets in the category of trading terminals, since the universal Metatrader is available to users. The version is presented for personal computers and mobile devices. Supports fifth generation MT.