Overview
Admiral Markets has been around since 2001 and has since built its reputation as a prominent forex and CFD market maker broker, serving clients in more than 40 countries across the world. The broker has earned licensing and regulatory status in a number of different jurisdictions, including by the strict UK regulatory body the FCA, which renders it a safe and reliable broker to be trading through.Things we didn't like:
Not suitable for beginner tradersPotentially not available for US traders
| # | Exchage's Features | ADMIRAL MARKETS Availability |
|---|---|---|
| # | Commissions | ✔ |
| # | Hedging | ✔ |
| # | PAMM | ❌ |
| # | Scalping | ✔ |
| # | Accepts US traders | ❌ |
| # | 24 hour trading | ✔ |
| # | Swaps | ✔ |
| # | Demo account | ✔ |
| # | Daily analysis | ✔ |
| # | Automated trading | ✔ |
| # | Mobile trading | ✔ |
| # | Trading by phone | ✔ |
| # | 1st deposit bonus | ❌ |
| # | Forex contests competitions | ✔ |
| # | Bonuses Promotions | ✔ |
| # | Interest charges on the balance | ✔ |
| # | Free education | ❌ |
| # | Expert advisors | ❌ |
| # | Partnership programs | ❌ |
| # | Trust management | ❌ |
| # | 24 hour support | ✔ |
Why would you want an alternative to ADMIRAL MARKETS?
Admiral Markets is a reputable and popular broker, which is regulated in multiple jurisdictions. Though it has a lot going for it and has emerged as a very good choice, especially for novice traders, there are also some downsides to its overall offering, which may lead existing or aspiring traders to seek alternative solutions for the provision of brokerage services. One such downside is the fact that Admiral Markets is a MetaTrader broker only, which means that traders wishing to trade in a different environment other than the MT4 or MT5 platforms and use different tools and capabilities cannot be served. Moreover, since copy trading services are not directly offered and accommodated by Admiral Markets, traders who prefer to engage in this type of trading will also need to look for an alternative broker. Finally, since Admiral Markets only offers cryptocurrency trading as CFDs, those wishing to trade the actual cryptos or simply buy some, such as Bitcoin, will also need to try out other brokerages and exchanges.
What to look for in a ADMIRAL MARKETS Alternative?
When seeking an alternative forex brokerage to Admiral Markets ensure that the brokerages you are considering will offer you the same secure and reliable environment to trade-in. Moreover, to effectively compete with Admiral Markets, the alternative brokerage service provider should be one that offers the selection of an equal or better tradable asset, since the one offered by Admiral Markets is quite extensive in terms of different asset classes, as well as the variety within each class. Furthermore, an appealing Admiral Markers alternative should be a brokerage that offers different types of accounts so that clients may choose which one serves them the best and which leads them closer to their overall trading goals. Finally, if you are seeking an alternative broker to Admiral Markers make sure their level of customer service is impeccable and that they provide ample content and materials for educational purposes.
Best ADMIRAL MARKETS alternatives – forex brokers like (or better than) ADMIRAL MARKETS
4.3 / 5
Rating breakdown
Things we liked:
Up to 500:1 leverageLow minimum deposit requirement
Things we didn't like:
Absence of a direct telephone number for customer supportOspreyfx is not a fully licensed and regulated broker
OspreyFX Overview
Named after the very large, distinctively shaped, fish preying hawk, which suitably decorates the brand’s logo, OspreyFX is a relatively new entrant in the world of forex brokerages, aiming to offer existing and aspiring traders an innovative venue in which they can satisfy all their trading needs, including the trading of cryptocurrencies.
3.8 / 5
Rating breakdown
Things we liked:
eToro offers commission-free stock and ETF trading in Europe and offers low fees for non-EU clients.Account opening is fast and seamless.
It has innovative features like social trading that lets you copy others.
Things we didn't like:
eToro has unreliable customer service, and its trading platform freezes sometimes.Education tools are very limited.
eToro Overview
Since its foundation in Israel in 2007, eToro has quickly climbed the ladder of the social trading revolution and proudly occupies the leading position as the world’s biggest social trading and investment platform, which is initially introduced in 2010.
3.7 / 5
Rating breakdown
Things we liked:
Fast FXTM customer service in several languages.Plenty of educational tools.
Fast account opening
Things we didn't like:
FXTM charges inactivity and withdrawal fees.High financing costs for overnight positions
Limited product portfolio
FXTM Overview
FXTM is a leading Forex and CFD broker, which has to date won several coveted awards and trades under the name ForexTime Limited. This broker is regulated by several financial watchdogs across the globe, including the UK’s Financial Conduct Authority (FCA), and it is thus considered a trusted and secure venue for your trading endeavors. Moreover, it enjoys huge popularity amongst traders of all levels, from beginner to pro, and its users consider the user experience it provides as top-notch.