Admiral Markets Alternatives - Better Forex Brokers for 2024
Find out the major disadvantages of Admiral Markets Forex Brokers and alternatives with lower fees and more security. Unbiased Admiral Markets Alternatives reviews.
So which brokers are better than Admiral Markets? Want to jump straight to the answer? OspreyFX is the best alternative broker to Admiral Markets in 2024 .

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 traders
 Potentially 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

Security
80%
4.0/5
Ease of Use
80%
4.0/5
Tradable Assets
100%
5.0/5
Deposit and withdrawal
80%
4.0/5
Trading Fees
100%
5.0/5
Support
80%
4.0/5

Things we liked:

 Up to 500:1 leverage
 Low minimum deposit requirement

Things we didn't like:

 Absence of a direct telephone number for customer support
 Ospreyfx is not a fully licensed and regulated broker

#1
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.

4.2 / 5

Rating breakdown

Security
70%
3.5/5
Ease of Use
90%
4.5/5
Tradable Assets
100%
5.0/5
Deposit and withdrawal
100%
5.0/5
Trading Fees
80%
4.0/5
Support
60%
3.0/5

Things we liked:

 AvaTrade has low trading fees
 The account opening is user-friendly and fast
 It offers a lot of deposit and withdrawals options free of charge

Things we didn't like:

 The product portfolio is limited as it offers only CFDs, forex, and cryptos
 The research tools are limited

#2
AvaTrade Overview

Since its establishment in 2006, AvaTrade has expanded to 11 countries and offers an array of trading platforms for web, desktop, and mobile use. It facilitates trading in spot forex, forex options, and CFDs across various asset classes, including cryptocurrencies. AvaTrade boasts 300,000 registered traders executing over 3 million trades monthly, with a total traded value exceeding $1.47 trillion.

4.0 / 5

Rating breakdown

Security
80%
4.0/5
Ease of Use
100%
5.0/5
Tradable Assets
50%
2.5/5
Deposit and withdrawal
100%
5.0/5
Trading Fees
80%
4.0/5
Support
70%
3.5/5

Things we liked:

 XM has low trading fees
  The account opening is user-friendly and fast
 Lots of educational tools

Things we didn't like:

 XM has a limited product portfolio
 The research tools are limited
 It charges inactivity fees

#3
XM Overview

XM is a CySEC, ASIC and IFSC regulated, multi-asset class broker offering to trade on more than 1,000+ tradable CFD’S on Forex, Stocks, Commodities, Indices, Metals and Energies on the globally-recognised trading platforms MetaTrader 4 and MetaTrader 5 for PC, Mac, Web, iOS and Android systems.

Admiral Markets Alternatives Frequently Asked Questions (FAQs):

Are there any sites like Admiral Markets?
Yes, there are many sites offering similar services like Admiral Markets. Those include OspreyFX, XTB, TradeOr and many more. If you are to look for an alternative to Admiral Markets for your forex trading needs, then you must make sure it is one with a better offering.
Who are Admiral Markets Top Competitors?
Admiral Markets 's top competitors in July 2024 are: OspreyFX, AvaTrade, XM and more. OspreyFX is currently rank as the number one on the list of top Forex brokers.
Which is better Admiral Markets or FXTM?
After assessing the two Brokers Admiral Markets vs FXTM, objectively, Admiral Markets is more reliable based on our analysis.
Which is better Admiral Markets or eToro?
After assessing the two Brokers Admiral Markets vs eToro on nearly 50 different variables, we would be able to get into an informed conclusion. Objectively, eToro is more reliable based on our analysis.

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