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 other users do not like about Admiral Markets
Admiral Markets TrustPilot Customer Reviews, Feedback and Complaints
On Trustpilot, Admiral Markets has currently 1.7k number of reviews with a TrustScore (the overall measurement of reviewer satisfaction) of 3.80/5.00.
Main Complains according to the Users' Reviews
- Fake promotions
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.
4.2 / 5
Rating breakdown
Things we liked:
AvaTrade has low trading feesThe 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 cryptosThe research tools are limited
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
Things we liked:
XM has low trading feesThe account opening is user-friendly and fast
Lots of educational tools
Things we didn't like:
XM has a limited product portfolioThe research tools are limited
It charges inactivity fees
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.