20 Jun 2020

Admiral Markets

admin

Overall score: 93

Official Site

Available in Colombia?

Yes

Average Spread for EUR/USD

0.8 pip

Founded in

2001

Maximum leverage

1:500

Regulation

JSC, FCA, EFSA, CySEC, AFSL, MiFID II

Platforms

Admiral Markets, MT4, MT5 application

Minimum deposit

50 USD

Instruments

currencies, equities, indices, commodities, bonds, exchange-traded funds, metals

Admiral Markets is a broker-dealer that connects clients with their investment needs in assets such as currencies, indices, metals, equities and exchange-traded funds.

If you want to learn more about this broker, in the following review you will find everything you need to know, from registration forms to the broker's availability in Colombia and customer service experience.

About Admiral Markets

Visit Broker

Rating
Spreads and commissions ⭐⭐⭐
Instruments ⭐⭐⭐⭐
Platforms ⭐⭐⭐
Payment methods ⭐⭐⭐
Customer Service ⭐⭐⭐⭐
Resources ⭐⭐⭐⭐
Learning tools ⭐⭐⭐⭐⭐
General ⭐⭐⭐⭐

Reviews about Admiral Markets

Admiral Markets provides a trading platform international brokerage company that allows anyone to participate in various financial markets. The company was founded in 2001 and has offices in the UK, Cyprus and Australia.

The firm Admiral Markets has positioned itself as one of the most important reliable market brokersdespite its recent entry into the online sector. In this intermediary you can find variety of instruments, a fast software, analysis tools, guides, and aamong many other elements.

If you are interested in working with this broker, the good news is that their services are open to Colombia. To better inform yourself before making a decision, continue reading this review and find out what this broker has to offer.

Admiral Markets Licensing and Regulation

Admiral_markets_regulación

We have accessed the website of this intermediary to verify that it has efficient security and user protection standards.

As far as we found, Admiral Markets is licensed and regulated by the Cyprus Securities and Exchange Commission. (CySEC) and the Estonian Financial Supervision Authority (EFSA). In addition, it has permission to conduct its operations in Australia, through a financial services license. AFSL 410681.

The firm is also governed in accordance with the guidelines of the Financial Conduct Authority. (FCA) and the European Parliament's Markets in Financial Instruments Directive of 2014. (MiFID II). These rules regulate the trading industry, ensuring the protection of clients and their personal information.

Finally, in terms of financial security, this trading platform keeps its clients' deposits completely separate from its own, in accordance with FCA measures.

Admiral Markets activities are fully regulated and you can access the services of this broker reliably from Colombia.

How do I open an Admiral Markets account from Colombia?

The registration process for this trading platform is quite simple. You can choose between a real account or a demo account from the start.

Unfortunately, once the registration is done, the verification process becomes a bit tedious. Fortunately, you can complete it with a photo of a utility bill (electricity, water, gas, Internet) and your citizenship card:

  1. Log in to the Admiral Markets website and select the "Start Trading" option.
  2. Fill in the country, first and last name, password, and phone number fields.
  3. Click on the "Register" button.
  4. Confirm by email your registration on the platform.

Once this process is completed, you will be able to log in to the "trader's office" to check your user status, change your password and access your own real or demo trading account.

In the case of opening a real account, you need to go through an additional process of confirmation of identity. Here, you will need to enter your residency information and some form of proof of your personal information.

Although this can be a complex process, it is necessary for the broker to be able to provide their services legally. All reputable sites handle similar processes, so this is a measure of trust for both you and the broker.

Account Types at Admiral Markets

To trade at Admiral Markets, you have the following options available to you three account types with different platforms and spread levels:

Trade Zero Invest
Minimum deposit 100 USD 100 USD 1 USD
Spreads From 0.5 pip From 0 pip From 0 pip
Commissions CFDs and ETFs, from 0.02 USD per share.

Other instruments without commission.

Currencies and metals from 1.8 USD.

Money rates from 0.05 USD.

Energies from 1 USD.

Stocks and ETFs from 0.02 USD per share.
Maximum leverage 1:30 1:30 N/A
Platforms MT4, MT5, MT Web MT4, MT5, MT Web MT5, MT Web
Minimum volume per order One microlot (0.01 lot) One microlot (0.01 lot) N/A
Recommended for Beginners. Experience with MT4 Experienced traders. Investors in Forex, bonds and cryptocurrencies. Traders in stocks and ETFs.

Trade Account Description

This is basically the standard account on the platform. With a Trade account, you can reliably trade with more than 150 instrumentsincluding cryptocurrencies, currencies and stocks.

In terms of features, this option has most of the trading tools, including chart indicators, multiple order types and market analysis..

In terms of margins and commissions, the Trade account generates costs for opening and closing positions. Similarly, the broker charges the spread for each transaction, in accordance with normal market practice.

Zero Account Overview

The Zero account is specially designed for experienced traders. This is the equivalent of the premium accounts offered generally by other brokers.

Through a Zero account you gain access to a greater number of instrumentswith an emphasis on foreign exchange and contracts for difference for commodities and indices.

As its name suggests, this account has spreads from zero pips. This is a way to incentivize the transaction of higher volumes. However, you should also consider that the risks and rewards involved must be borne entirely by you.

Invest Account Overview

Finally, the Invest account is focused on trading on the stock market. The portfolio of this account type includes more than 4000 types of shares and nearby of 200 listed funds.

The advantage of this option is a reduced minimum deposit, as you trade directly with the share value. Additionally, you enjoy lower commissions.

If this type of account appeals to you, you should consider that no leverage option. Any investment you make must be fully financed with your own funds.

Trading platforms

On the Admiral Markets website you can find different programs to perform trading activities. trading. Regardless of your experience or knowledge of the market, this broker offers options suitable for all audiences.

In the following table you will find a summary of the main features of each of the software offered by this broker:

MetaTrader 4 MetaTrader 5 Admiral Markets Application
Desk
Android
iOS
News
Expert advisors
Signals
Recommended for New and old users. Expert traders. Knowledge of MT4. Admiral Markets clients.

MetaTrader 4

Admiral_markets_MetaTrader4

The application of MetaTrader 4 is one of the most widely used trading tools in the world.

It allows you to make trades and make use of different instruments to analyze your decisions in the market. Additionally, it is available for all platforms and is very popular in courses and tutorials.

MetaTrader 5

Admiral_markets_MetaTrader5

The continuation of the MT4 platform performs better in different aspects, such as functionality and help tools.

By means of MT5 you get access to more charting options, deep analysis elements and market indicators. However, many people still prefer the previous version, as it has several years of experience in the market and is more accessible for certain elements such as expert advisors and learning courses.

Admiral Markets Application

Admiral_markets_Aplicación

The Admiral Markets application allows you to access from your mobile device to all the options of the trading platform, in an easy and secure way. It is available for Android and iOS devices and has no additional cost.

Apart from the conventional trading functions, you can manage your account data, make deposits and scan documents. This is the best option for those who regularly use the services of the Admiral Markets platform.

Trading instruments

Admiral Markets is a solid choice for trading different types of assets. You can buy gold, company shares such as Kellogg's or Microsoft, or raw materials such as coffee and cotton.

Take a quick look at the general offer of this broker by means of the overview we have prepared for you:

💵 Forex
Instrument Average Spread Leverage
EUR/USD 0.8 pips (8 pipettes) 1:30
USD/CAD 1.6 pips 1:30
GBP/USD 1 pip 1:30

At Admiral Markets you will find the most important currency pairs on the market. The broker also has minor crosses and an exotic segment where you can trade with Swedish krona, Russian rouble y Polish zloty.

📈 Indexes
Instrument Average Spread Minimum margin
NASDAQ100 3 pips 5%
EURO50 8 pips 5%
UK100 4 pips 5%
ASX200 8 pips 5%

The Admiral Markets portal features more than 40 indexeswhere you can find futures and indicators for cash. These instruments have a low spread and the value of the spreads is in line with market prices.

🛢️ Raw materials
Instrument Average Spread Minimum margin
Cotton 0.18 USD 10%
White sugar 0.84 USD 10%
Natural gas 6 pips 10%
Crude oil 0.03 USD 10%

You can execute orders on all types of commodities through Admiral Markets. In addition to those listed in the table, this broker's offer includes gold, silver, copper, coffee and WTI oil.

Payment methods for Colombia

When it comes to withdrawal and deposit options, the Admiral Markets site offers a wide selection catalogue. However, many methods are not available in Colombia. You can load money to an account through one of the following channels:

Credit cards Paypal Skrill and Neteller Bank Transfers
Minimum deposit 50 USD 50 USD 50 USD N/A
Average deposit time Instant Instant Instant 1 to 3 business days
Average withdrawal time N/A Instant Instant 1 to 3 business days
Commissions N/A N/A 0.9% for Neteller N/A
Comments Easy to use and widely available option If you have a Nequi account, you can use it through Paypal. Easy loading methods with cash You can top up Neteller with cash in Colombia.

Credit cards

If you own a Visa card o Mastercard Debityou can easily load funds. However, for withdrawals you need to associate a bank account to your profile.

Apart from their ease, credit cards are an efficient method, as there are no intermediary fees and transfers are instantaneous.

PayPal

This online payment method is one of the most widespread internationally. In Colombia, you can use the service of Nequi offered by Bancolombia, to connect a Paypal account to your mobile device and load funds from there.

Nequi operates basically like a debit card. If you wish, you can even apply for a physical card.

Skrill and Neteller

The platforms of Skrill y Neteller are two of the best options on the market. First you must register at any of these sites and then add funds to your account through physical points. Specifically, in Colombia you can do it from Efecty, Success y Surtimax.

Bank Transfers

Unfortunately, the bank transfer section no support for Colombia. Of course, you can deposit through this option, but you must pay high international transfer costs as there is no direct contact with Colombian banks.

The best Admiral Markets payment methods for Colombia are Skrill and Neteller virtual wallets.

Additional Admiral Markets tools and services

Admiral Markets offers a wide range of services in addition to its conventional trading services. These include training courses, cards and consulting services. The most important are:

  • Admiral Markets Wallet: through this option you can manage all your funds from one place. This wallet allows you to manage, transfer and deposit to your Admiral Markets card, account or mobile app..
  • Trading webinars: this broker offers recurring lectures by traders and professionals in the financial sector. If you want to deepen your knowledge, this is an excellent option.
  • Admiral Markets Master: This is one of the most striking additional services of this broker. In their trading course, personalized tutors offer hands-on training and educational material. Definitely one of the best ways to learn.
  • Premium Analytics: When you open an account at Admiral Markets you get free access to the Premium Analytics portal, where you will have access to news, economic events calendar and analysis from firms such as Dow Jones and Trading Central.

Admiral Markets Customer Service for Colombia

Admiral_markets_cliente

The Admiral Markets support channels are diverse and available 24 hours a day.

We made contact via live chat (registration is required), email and the feedback option. In each of these methods the response was quick, with the chat service standing out, where an advisor responded in less than 5 minutes to a general question about the trading platform.

Admiral Markets Final Rating

Advantages and disadvantages
️Trial account when registering Scarce payment methods for Colombia
️Low differentials High minimum deposit in some cases
️Offering good learning tools Lengthy identity verification process
️Broad portfolio of instruments ❌Low leverage
️Investor section

From what we could observe, Admiral Markets is an efficient, safe and reliable broker.

Among its strengths we can mention the demo accountaccessible as soon as it is registered on the site, its huge instrument catalogueand a differentiated approach according to the investor's profile.

Whether you want to trade contracts for difference, invest in stocks or you are just starting out and want to learn more about trading, on the Admiral Markets site you will find tools to satisfy any of these needs. If you have any questions, the support service is ready to get you out of any trouble.

On the downside, you can feel the lack of payment gateways for our country and the process of confirming identity is tedious.

Overall, this is a good broker to get started in trading and it is much better if you take advantage of all the support it provides.

Frequently Asked Questions about Admiral Markets

Is the Admiral Markets site legal?

Yes, this broker is licensed and regulated by several international authorities.

Can I access Admiral Markets from Colombia?

Yes, Admiral Markets portal offers all its content for Colombia. If you want to trade with real money you need to complete the verification process, for which you need a utility bill and citizenship card.

What is the minimum deposit at Admiral Markets?

The minimum deposit depends on the method you use. For credit or debit card transfers this is approximately 50 USD or 185,000 COP. Other websites, such as IQ OptionThe minimum deposits are as low as 10 USD or about 37,000 COP.

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