- 1 Admiral Markets Basics
- 2 Our Opinion About Admiral Markets
- 3 Regulation And Safety
- 4 Regulation In Nigeria
- 5 Client Fund Safety
- 6 Forex Trading Awards
- 7 Admiral Markets: Legit Or Scam?
- 8 Trading Assets
- 9 Trading Instruments
- 10 Admiral Markets Account Types
- 11 Trade MT4 Account
- 12 Zero MT4 Account
- 13 Trade MT5 Account
- 14 Zero MT5 Account
- 15 Invest MT5 Account
- 16 Demo Account
- 17 Islamic Swap-Free Account
- 18 Pro Account
- 19 PAMM Account
- 20 Base Currencies
- 21 Admiral Markets Leverage
- 22 Admiral Markets Spreads
- 23 Admiral Markets Registration – How To Open A Trading Account
- 24 Admiral Markets Registration – How To Verify A Trading Account
- 25 Admiral Markets Bonuses
- 26 Admiral Markets Payment Methods
- 27 Admiral Markets Deposits
- 28 Admiral Markets Withdrawals
- 29 Admiral Markets Trading Platforms
- 30 StereoTrader
- 31 Admiral Markets Trading Tools
- 32 Trading Central
- 33 Education And Research
- 34 Trading Hours
- 35 Admiral Markets Customer Support
- 36 Our Verdict
- 37 Admirals Forex Broker Review – FAQ
- 38 Admirals Forex Broker Reviews – Similar Brokers
Admiral Markets Basics
|🏛️ Based in||Limassol, Cyprus|
|⚖️ Regulation||CySEC, FCA, JFC, FSCA, ASIC, EFSA|
|💰 Minimum Deposit||$100 (45,600 Naira)|
|💳 Deposit Options||Bank Wire, Credit Card, Debit Card, Klarna, Skrill|
|💳 Withdrawal Options||Bank Wire, Credit Card, Debit Card, Klarna, Skrill|
|📌Open an account||Start Trading with Admiral Markets|
Our Opinion About Admiral Markets
Admiral Markets was first established in 2001. They are one of the longest-serving forex brokers on the market and have been offering their services to clients worldwide for many years. They are now an award-winning company that has earned a reputation for providing both excellent trading products and a secure online trading environment.
Admiral Markets has some of the best online trading conditions in the industry. They offer access to 3000+ trading instruments including forex, shares, indices, cryptocurrencies, and commodities. They also offer a wide range of account options. You can choose from 5 different account types – all of which come with tight spreads, low commissions, and fast trade execution. You can also choose from two of the best online trading platforms – MetaTrader4, and MetaTrader5.
When it comes to trading technology, Admiral Markets offers a great selection of trading tools including trading signals, premium investing tools, market analysis tools, and copy trading services. They also offer free learning resources such as articles, video tutorials, and educational courses.
Regulation And Safety
Admiral Markets is a regulated forex broker. The Admiral Markets Groups consists of two companies which both operate under the same trade name. This allows them to maintain more regulatory licences and operate in more countries, including Nigeria. Here are the details of their current licences and registrations.
- Admirals SA (Pty) Ltd is registered in South Africa. It is registered with the Companies and Intellectual Property Commission (CIPC) – under registration number – 2019 / 620981 / 07.
- Admirals Cyprus Ltd is registered in Cyprus. It is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC), under licence number 201/13.
- Admirals Pty Ltd is registered in Australia. It is authorised and regulated by the Australian Securities and Investment Commission (ASIC), under licence number 410681.
- Admirals AS Jordan Ltd in the Hashemite Kingdom of Jordan. It is authorised and regulated by the Jordan Securities Commission (JSC), under registration number 57026.
- Admiral Markets UK Ltd is registered in the UK. It is authorised and regulated by the Financial Conduct Authority (FCA), under licence number 595450.
- Admiral Group AS is registered in Estonia and owns the above comapnies. It is authorised and regulated by the Estonian Financial Supervision Authority (EFSA).
Regulation In Nigeria
Nigerian traders have two main options. They can have a trading account with the FCA-regulated entity, Admiral Markets UK Ltd. They can also have a trading account with the JSC-regulated entity, Admirals AS Jordan Ltd. Admiral Markets is a highly regulated broker offering a good service across all its business entities. Trading with the FCA entity gives you access to better client fund protection, via official investment protection schemes. Trading with the JSC entity gives you access to better trading conditions, including higher leverage.
Client Fund Safety
Admiral Markets ensures that there are measures in place to protect client funds. For example, it keeps client funds in segregated accounts, with reliable banks, to prevent client funds being used for operational purposes. It also offers negative balance protection, with certain requirements, to prevent client balances from falling below zero. In addition to these measures, Admirals also has first-class security protocols to help protect client data. For example, it uses both SSL technology and two-factor authentication technology. These extra measures mean that you benefit from a high level of both client data protection and client fund protection.
Forex Trading Awards
Admiral Markets have won many industry awards over the years, including Best Forex Platform 2019 (ADVFN International Financial Awards), and Best CFD Broker 2019 (DKI’s 2019 CFD Broker Customer Survey).
Admiral Markets: Legit Or Scam?
Admiral Markets is a legit broker. They have great trading accounts, with competitive trading conditions, and transparent pricing. When it comes to products, they have a much larger selection of forex and CFD instruments than most brokers. They also have good trading platforms, helpful tools, and ample educational resources. In our opinion, they are a reputable and legit forex company.
Admiral Markets offers 3000+ trading instruments across 7 asset classes. You can choose from a wide range of popular trading instruments including forex, shares, indices, commodities, bonds, ETFs, and cryptocurrencies.
- Forex: Admiral Markets has 50+ currency forex instruments including major, minor, and exotic currency pairs.
- Share CFDs: Admiral Markets has 3200+ share CFDs including many popular British, American, Asian, and European brands.
- Indices: Admiral Markets has 40+ indices shares including many popular British, American, Asian, and European indices.
- Commodities: Admirals offers trading on 28 commodities, including gold, silver, energies such as oil, and softs such as sugar, cocoa, and cotton.
- Bonds: Admirals offers trading on two bonds, namely the 10-year Germany Bund Futures CFD and the 10-year US Treasury Note Futures CFD.
- Cryptocurrencies: Admirals offers trading on 20+ cryptocurrencies. However, traders in Nigeria cannot currently access this service.
- ETFs: Admirals offers trading on 300+ ETFs
Admiral Markets Account Types
Admiral Markets has 5 main account types for you to choose from. These are the Trade MT4, the Zero MT4, the Trade MT5, the Zero MT5, and the Invest MT5.
|Type||Spreads||Min. Deposit||Max. Leverage||Commission|
|Trade MT4||From 0.5 pips||$100||1:30||$0.02 per share|
|Zero MT4||From 0.0 pips||$100||1:30||$0.05 per lot|
|Trade MT5||From 0.5 pips||$100||1:30||$0.02 per share|
|Zero MT5||From 0.0 pips||$100||1:30||$0.05 per lot|
|Invest MT5||From 0.0 pips||$500||1:30||$0.02 per share|
Trade MT4 Account
This is their standard trading account. It comes with spreads starting from 0.5 pips and high leverage of up to 1:30. There is commission from 0.02 USD per share on Share & ETF CFDs. The Admirals minimum deposit for this account is $100. It is worth noting the Trade MT4 Account is only available on MT4.
Zero MT4 Account
This is their zero spread trading account. It comes with spreads starting from 0.0 pips and high leverage of up to 1:30. There is commission starting from 1.8 to 3.0 USD per 1.0 lots on forex and metals, from 0.05 to 3.0 USD per 1.0 lots on cash indices, and 1 USD per 1.0 lots on energies. The Admirals minimum deposit for this account is $100. It is worth noting the Trade MT4 Account is only available on MT4.
Trade MT5 Account
This is their standard trading account for MT5 traders. It comes with spreads starting from 0.5 pips and high leverage of up to 1:30. There is commission from 0.02 USD per share on Share & ETF CFDs.. The Admirals minimum deposit for this account is $100. It is worth noting the Trade MT4 Account is only available on MetaTrader5.
Zero MT5 Account
This is their zero spread trading account for MT5 traders. It comes with spreads starting from 0.0 pips and high leverage of up to 1:30. There is commission starting from 1.8 to 3.0 USD per 1.0 lots on forex and metals, from 0.05 to 3.0 USD per 1.0 lots on cash indices, and 1 USD per 1.0 lots on energies. The Admirals minimum deposit for this account is $100. It is worth noting the Trade MT5 Account is only available on MetaTrader5.
Invest MT5 Account
This is their investing account for MT5 traders. You can only use it for investing in shares and ETFs. It comes with spreads starting from 0.0 pips and high leverage of up to 1:30. There is a commission fee starting from 0.02 USD per share. The Admirals minimum deposit for this account is $1. It is worth noting the Invest MT5 Account is only available on MetaTrader5.
The Admiral Markets demo account is great for beginners who need more time to learn about the forex market and to improve their forex trading skills. It comes with similar trading conditions to the live accounts – with tight spreads and leverage of up to 1:30. There is no minimum deposit as the trading is done with virtual capital.
Islamic Swap-Free Account
Admiral Markets offers Islamic Swap-Free accounts. This enables traders of Islamic faith to trade without swap charges and widening spreads.
Admiral Markets offers professional trading accounts. They are only available to eligible traders who meet specific criteria. The accounts come with higher leverage and excellent trade execution. They also come with additional benefits and cashback bonuses.
Admiral Markets offers PAMM accounts. This enables inexperienced traders to sign up for a managed account service. Under the PAMM account model, inexperienced traders allow professional traders to manage their accounts in exchange for a small fee.
Admiral Markets offers the following base currencies for its trading accounts: EUR, GBP, USD, CHF, BGN, CZK, HRK, HUF, PLN, and RON.
Admiral Markets Leverage
Admiral Markets offers standard leverage of up to 1:30.
Admiral Markets Spreads
Admiral Markets has low spreads. The spread available depends on which account type you choose. For example, you can trade with spreads from 0.5 pips on their Trade MT4 and Trade MT5 accounts. However, you can trade with spreads from 0.0 pips on their Zero MT4 and Zero MT5 accounts. These are fairly tight spreads, given the low commissions.
Admiral Markets Registration – How To Open A Trading Account
As part of our Admiral Markets broker review, we looked at their online registration process. If you live in Nigeria, then you are eligible to open a trading account. Signing up is easy. To get started, you need to visit their website, complete the form, and choose your preferred login details. Next, you need to take a quick trading test. This is so that they can see how much you know about forex trading, and decide if their services are suitable for you. Lastly, you need to complete the KYC process, submit copies of your documents, and choose your account type.
Admiral Markets Registration – How To Verify A Trading Account
As part of our Admiral Markets broker review, we looked at their account verification process. To open a live trading account you’ll need to provide Admirals with a proof of ID and a proof of address. This is so that they can confirm your identity and verify your online trading account. The verification process is simple. You can send copies of your National ID card, Passport or Driving License. You can also send copies of a utility bill or a bank statement registered in your name. After they have verified your account, you can add funds and start trading.
Admiral Markets Bonuses
Admiral Markets has a great selection of forex bonuses. Their promotions typically include welcome bonuses and deposit bonuses. You can find their latest promotions on their website.
Admiral Markets Payment Methods
As part of our Admiral Markets review, we checked what payment options they accept. As they accept several different deposit methods, funding a trading account can be quite easy. They also allow a good range of withdrawal options, for fast transactions, and added convenience. More below.
Admiral Markets Deposits
Admiral Markets offers a great range of deposit methods including bank wire, credit card, debit card, Klarna, and Skrill. The deposit time varies depending on which deposit option you choose. For example, Admiral Markets deposits made via Skrill are instant. However, deposits made via bank transfer can take several days. Admiral Markets does charge deposit fees.
Admiral Markets Withdrawals
Admiral Markets also offers a great range of withdrawal methods including bank wire, credit card, debit card, Klarna, and Skrill. The withdrawal time varies depending on which deposit option you choose. For example, Admiral Markets withdrawals made via Skrill are instant. However, withdrawals made via bank transfer can take several days. Admiral Markets does charge withdrawal fees.
Admiral Markets Trading Platforms
Admiral Markets offers two of the industry’s best and most powerful online trading platforms. You can choose from MetaTrader4 and MetaTrader5.
MetaTrader4 (MT4) is the world’s leading trading platform for new forex traders. It has a very user-friendly interface and comes with many handy, built-in trading tools. You can use it to trade all of the most popular and liquid trading instruments including forex, stocks, and indices. The Admirals MT4 trading platform has helpful charting tools, 4 order execution types, 30 technical indicators, and 23 analytical objects.
MetaTrader5 (MT5) is also a popular online trading platform for beginner traders in Nigeria. It has an easy-to-use interface and comes with lots of helpful trading tools. You access and trade all of your favourite markets including forex, shares, and crypto. It is very easy to navigate. The Admirals MT5 trading platform also has many great features including 6 order execution types, 38 indicators, and 37 analytical objects.
Admirals also offers a trading panel, called StereoTrader. StereoTrader is a MetaTrader trading panel, with unique functions that enable smoother, more controlled trades. It will optimise your entries and exits with fast and intelligent automation. You can use it to place strategic, stealth, or other advanced order types, to try one-click and historical trading, and to test other more advanced trading strategies. The best thing about tereoTrader is that it is cross-functional. This means that, regardless of your trading style, you have everything you need to successfully implement your strategy.
Admiral Markets Trading Tools
Admiral Markets offers a nice choice of trading tools. You can choose from:
- Copy Trading – Their copy trading tool allows you to automate your trading, saving you time and effort. It comes with access to a large community of traders, that you follow and learn from, and that you can trade with in exchange for a small fee.
- Economic Calendars – Their free economic calendar covers all of the most important economic data releases from around the world. It also includes detailed explanations and forecasts of each data release. As such, it makes tracking news and predicting price movements much easier.
- VPS Service – Admiral Markets also offers free VPS services. A VPS service helps you get a better, smoother online trading experience. This is because it enables you to trade with optimum technical conditions and consistent connectivity.
As part of their efforts to offer world-class forex trading support, Admiral Markets has teamed up with Trading Central to offer their forex traders even more trading tools. Trading Central is an established consulting firm that specialise in market analysis for the forex industry. They offer a fantastic suite of online trading tools including MT4 Indicators, daily market news, and in-depth technical analysis on over 8000+ trading instruments.
As one of the top industry providers, Trading Central is a reliable source of market analysis. They use a combination of advanced automated technology and expert analysis to provide you with detailed market research. They also present their analysis in a way that is easy for you to understand to use in your own trading strategies. Thanks to their partnership with Admiral Markets, you can get all of their trading data completely free of charge when you open an Admirals trading account.
Education And Research
Admiral Markets offers a wide range of research and education tools. For those in need of help with their strategies, there are online trading courses, trading podcasts, and a trading blog. For those in need of help with the market research, there are also several helpful tools, including market news and copy trading tools.
Admiral Markets’ trading hours are in line with standard trading hours. You can open trades whenever the financial markets are open. Trading hours may vary on public holidays.
Admiral Markets Customer Support
Admiral Markets has an excellent customer support team. You can contact them via phone, email, and live chat. There are dedicated contact details for every country.
Admiral Markets is a reputable and trustworthy forex broker. The company was founded in 2001 and is now a well-known name in the forex industry. They provide easy account access, a rich assortment of trading resources, and excellent customer service. They also provide a safe trading environment and a good level of client fund protection.
Admiral Markets values fair and efficient trading. When it comes to their trading services, they have built their account structure around these values. They have a fair pricing model to ensure all Nigerian traders can benefit from competitive trading conditions and low cost trading fees. They also have a wide range of trading instruments and trading tools to ensure more Nigerian traders can get better access to the financial markets.
Admiral Markets also values education and support. When it comes to technology, they offer cutting-edge trading platforms and panels. They provide their customers with copy trading, analysis, and market news, enabling them to trade the markets more successfully. They also provide their clients with helpful educational content and trading courses, enabling them to improve their skills and progress their trading careers.
If you’re new to online forex trading and want to know where to start, or if you’re a seasoned Nigerian trader looking for a better platform to work with, check out Admiral Markets today. Either way, you won’t be disappointed.
Ready to sign up? Register for an online trading account with Admirals here.
Admirals Forex Broker Review – FAQ
Yes, Admiral Markets in Nigeria is a good broker. They have a great selection of trading accounts, many of which have very low minimum deposits. Admiral Markets has more than 3000 trading instruments including forex, cryptos, stocks, indices, and metals. They also have good leverage, low spreads, and fast trading execution. In our opinion, they are a good forex broker and a great choice for Nigerian traders.
Yes, Admiral Markets is a legit broker. They offer a reliable online trading service, good trading platforms, and useful trading tools. When it comes to client fund safety, they operate using strict security and client fund protection measures. They also have a good range of payment methods, for added convenience. In our opinion, Admiral Markets is a legit broker and a good choice for Nigerian traders.
Admiral Markets is a great broker. They have a great choice of account types. They also have low-cost trading conditions, advanced trading platforms, and helpful social trading tools. However, if you want to consider other options, there are also many other great forex brokers. We recommend looking at HotForex, FXTM, FXPro, FXPrimus, and Instaforex.
Yes, Admiral Markets is a highly regulated broker. They have licences from some of the top financial authorities in the world including the FCA, CySEC, and ASIC. They also have registrations in multiple other jurisdictions.
Their best trading account for new forex traders is the zero spread trading account. It comes with spreads starting from 0.0 pips and high leverage of up to 1:30. There is commission starting from 1.8 to 3.0 USD per 1.0 lots on forex and metals, from 0.05 to 3.0 USD per 1.0 lots on cash indices, and 1 USD per 1.0 lots on energies. The Admirals minimum deposit for this account is $100
Admirals Forex Broker Reviews – Similar Brokers
Admiral Markets is a great forex broker. However, if you want to look at other options, there are also many other forex brokers in Nigeria. Here are some similar brokers.
Looking for more options? Take a look at more of our forex broker reviews.