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Admiral Markets - Forex Broker Review


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Company: Admiral Markets Ltd
On-line since: 2001
Regulation: Unregulated
Payment options: Bank wire
Minimum account size: $10
Minimum lot size: 0.01 lot
Leverage: 1:10, 1:50, 1:100 and 1:200
Spreads: 2 pips on EUR/USD

Admiral Markets Ltd is an international finance company operating in nearly 15 different countries around the world. It appears that the head office is in the British Virgin Islands and is an unregulated brokerage firm.

Not a very promising start as you may see but let’s not jump to conclusions this early and learn a little more about this broker.

This company offers the most innovative trading and brokerage technologies to its clients. Its mission is to provide the most comprehensible and reliable platform to help their clients invest on the financial markets. Further more, it strives to be the leading providers in the highly competitive market that are Eastern and Western Europe.

So, what is on offer?

If you decide to be a client of this broker, here are some of the benefits you will be exposed too:

• Uses Meta-trader 4 platform
• You will have the option to opt for Mobile trading (If you wish so)
• Experience a demo contest (can in some cases help you improve your trading skills before starting the real deal)
• Free training seminars and educational courses
• Ability to trade the Stock, CFDs and Futures market.

The Cons

Though this broker does have some promising features, it however has a major drawback that negates the above benefits. Being unregulated is what makes it seem somewhat unattractive.

Taking into consideration the above point, it will be fair to say that you won’t feel 100% confident opening an account with an unregulated broker. Due care needs to be taken if ever you do decide to go forward and open an account with Admiral Markets.

Conclusion

My research and experience have provided me with enough data to justify that this broker is fair (though not regulated). Like any other broker, most unhappy clients encountered issues with their account and being able to withdraw money easily and on time.

My word of advice is to make sure that you are aware of the possible dangers you may be exposed too and that you feel comfortable opening an account with an unregulated company.

I give this company 2 stars.

Happy Trading.

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