With so many brokers to choose from, it can be quite daunting to determine just which brokerage will serve you best. Well, in your search for a great broker, you really should consider Admiral Markets Australia.
They are reliable, maintain consistent standards, and have plenty of features that cater to a wide variety of traders. To see just what it is that this broker has to offer you, keep reading.
Does Admiral Markets Accept Australian Traders?
Admiral Markets Australia Review
One of the ways that this broker is versatile is with the number of instruments that it provides for traders to trade with. The main options here are forex, commodities, and CFDs. With forex, you have the opportunity to trade with up to 40 currency pairs. To add to this, you get to enjoy leverage up to 5000:1 and spreads starting from 0 pips.
With commodities, you get to trade with top-notch assets like gold and WTI oil, ensuring that you stay up to date with global markets as well. Here too, you get leverage up to 500:1 and best of all, you don’t have to pay any commission.
If you are not interested in owning assets but rather trading according to the price movements, then CFDs are the option for you. Admiral Markets lets you choose from quite a few choices including shares, indices, and ETFs. To take a closer look at what assets you can select from, check here:
- Shares: you can leverage up to 1:20, go long or short with the trade, and can earn dividends.
- Indices: you can leverage up to 1:500 and when you trade, there is no trade expiration or commission.
- ETFs: you can leverage up to 1:20, trade in any direction, and earn dividends even though you don’t own the asset.
- Bonds: you can leverage up to 1:200, go long or short on trades and don’t have to pay commission
- Cryptocurrency: with this more modern option, you can leverage up to 1:5 and have the freedom to trade in any direction as well.
One downside of Admiral Markets is that it does not have Paypal as payment method.
Broker Trading Platforms
This broker relies heavily on the MetaTrader trading platform. This is good news for all traders as this is a highly renowned platform. Now, this broker takes things up a notch by giving you access to numerous versions of the MetaTrader platform. They are as follows:
One of the reasons that MetaTrader4 continues to be a favourite with traders is largely due to its user-friendly layout.
This makes it simple for traders of all levels to place trades easily and with little hassle. Another draw is the fact that many of its features are customisable, allowing you to personalise the platform to suit your trading style a little better.
MetaTrader5 is also a common preference among traders, particularly those who have a little more experience when it comes to trading. A top benefit with this platform is that it boasts superior charting. As a result, this makes it simpler for practiced traders to determine the market situation and to place better trades. To add to this, there is plenty of free market news and data features as well.
MetaTrader Supreme Edition
MetaTrader Supreme Edition isn’t as well known as the platform versions above. However, it is excellent for professional traders who are in need of more advanced tools. One of the things that set this platform above the others is that its charting capabilities are truly wonderful. So, any trader who relies heavily on charts will be able to use this platform to their advantage. The trading simulator also makes it useful for testing out trading strategies.
This version lets you trade from the browser without the need to download the software. Therefore, it is incredibly easy to trade from virtually any machine, regardless of your operating system. Not to mention, you can still have access to all of the platform’s traditional features.
Admiral Markets Account Types
This broker lets you select from three different account types. Now, the minimum deposit for all of these accounts is $100. However, each of the accounts has been arranged so that it is better suited to different types of traders.
If you prefer using the MetaTrader4 platform but still want access to a large number of instruments, then this is the account for you. Here, you can have an account balance in a number of different currencies. Furthermore, you can select from 31 currency pairs, 5 cryptocurrency CFDs, 5 spot metal CFDs, 3 spot metal energy CFDs, 16 cash index CFDs, 4 index futures CFDs, 64 stock CFSs, and 2 bonds CFDs.
If your main focus is with forex trading, then the Prime account will suit you well. Here, you have access to 44 currency pairs. However, there is some limit regarding how many options you have with currencies when it comes to your account balance. In addition to the currency pairs, you can also trade with 3 spot metal CFDs on MetaTrader4.
This is a good account if you are a slightly more seasoned trader and prefer using MetaTrader5. In addition to getting access to this platform, you also have a multitude of instruments to choose from. These include 36 currency pairs, 32 cryptocurrency CFDs, 5 spot metal CFDs, 3 spot energy CFDs, 7 spot agriculture CFDs, 16 cash index CFDs, 4 index futures CFDs, over 300 ETF CFDs, and over 3000 stock CFDs.
Australian Regulations and Licensing
Admiral Markets holds an Australian Financial Services License which ensures that it has to meet the requirements set forth by that regulatory agency. As a result, you can be quite certain that all the trades and other services offered by this broker are completely legal.
The broker is also externally audited, guaranteeing that the financial features are up to date and legitimate. This reduces the risk of any scams or fraudulent activity.
Finally, the broker relies on segregated client accounts with the National Australia Bank. This allows you to have peace of mind, even if the broker does undergo financial difficulties. The segregated accounts keep your money separate so that you will always have access to the full amount.
These are the top feature to be aware of when dealing with Admiral Markets. When reviewing these elements, you will know that this broker has something to offer all traders.