Admirals broker Accounts

admirals Account Types Overview

admirals Account Types Explained

Admirals offers a variety of trading accounts tailored to different trading styles and preferences. Below are the available account types:

1. Trade Account

• Minimum Deposit: $100
• Spread/Commission Structure: Spreads from 0.5 pips; commissions on stocks from $0.02.
• Leverage Options: Up to 1:500 (under FSCA regulation).
• Key Features: Ideal for day traders; access to a wide range of markets.
• Target User Profile: Beginner to intermediate traders.
• Trading Instruments Available: Forex, CFDs on stocks, indices, commodities.

1. Zero Account

• Minimum Deposit: $100
• Spread/Commission Structure: Spreads from 0.0 pips; commissions from $0.50 to $3 per lot.
• Leverage Options: Up to 1:500 (under FSCA regulation).
• Key Features: Optimized for scalping; tight spreads and low commissions.
• Target User Profile: Advanced traders and scalpers.
• Trading Instruments Available: Forex, CFDs on metals, energies, indices.

1. Invest Account

• Minimum Deposit: $1
• Spread/Commission Structure: Commissions start from $0.02 on shares and ETFs; no leverage.
• Key Features: Focus on real assets; access to over 4,550 real stocks and ETFs.
• Target User Profile: Long-term investors.
• Trading Instruments Available: Stocks, ETFs.

1. Islamic Account

• Minimum Deposit: $100 (varies by account type).
• Spread/Commission Structure: Similar to standard accounts but swap-free.
• Leverage Options: Up to 1:500 (under FSCA regulation).
• Key Features: Complies with Islamic finance principles; no swap fees.
• Target User Profile: Muslim traders.
• Trading Instruments Available: Forex, CFDs, stocks.

1. Professional Account

• Minimum Deposit: Varies based on the trader's profile.
• Spread/Commission Structure: Competitive spreads; lower margin requirements.
• Leverage Options: Higher leverage options available.
• Key Features: Designed for high-volume traders and fund managers.
• Target User Profile: Experienced traders and institutional clients.
• Trading Instruments Available: Wide range of instruments including Forex, stocks, indices, and commodities.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Trade Account
• Intermediate Traders: Trade Account or Invest Account
• Advanced Traders: Zero Account or Professional Account
• Long-term Investors: Invest Account
• Muslim Traders: Islamic Account

admirals Account Features Comparison

Detailed admirals Account Features

Feature Comparison

Advantages of Each Account Type

• Trade Account:

• Low minimum deposit.

• Access to multiple markets.

• Suitable for beginners.

• Flexible trading options.

• Zero Account:

• Tight spreads ideal for scalping.

• Low commission costs.

• High leverage options.

• Suitable for advanced trading strategies.

• Invest Account:

• Access to real stocks and ETFs.

• Low minimum deposit.

• No leverage, reducing risk.

• Ideal for long-term investments.

• Islamic Account:

• Complies with Islamic finance principles.

• No swap fees.

• Available for various trading instruments.

• Flexible trading conditions.

• Professional Account:

• Tailored for high-volume traders.

• Competitive pricing and commissions.

• Access to advanced trading tools.

• Higher leverage options.

Disadvantages of Each Account Type

• Trade Account:

• Higher spreads compared to Zero Account.

• Limited advanced features for professional traders.

• Zero Account:

• Requires higher trading volume to be cost-effective.

• Commissions may add up for low-volume traders.

• Invest Account:

• No leverage available.

• Limited to stocks and ETFs only.

• Islamic Account:

• May have limited availability based on region.

• Not all trading instruments may be available.

• Professional Account:

• Higher minimum deposit may be required.

• More complex trading conditions.

admirals Account Opening Requirements

admirals Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available in over 130 countries; specific restrictions may apply based on local regulations.
• Prohibited Countries: Specific countries may be restricted due to regulatory compliance (details not specified).

Identity Verification Documents Needed

• A valid identification document (passport or government-issued ID).
• Proof of residence (utility bill or government-issued letter, not older than 3 months).

Additional Documentation for Professional Accounts

• Financial statements or proof of trading experience may be required.

KYC/AML Compliance Procedures

• Admirals follows strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations to verify the identity of clients.

Verification Time Frames

• Account verification typically takes a few hours to a couple of days, depending on the completeness of submitted documents.

admirals Account Opening Process

Step-by-Step admirals Account Opening Guide

1. Visit Website and Click Registration: Go to the Admirals website and select the "Register" option.
2. Personal Information Entry: Fill in the required personal details such as name, email, and phone number.
3. Choose Account Type: Select the desired account type based on your trading needs.
4. Set Trading Preferences: Specify your trading preferences and settings.
5. Document Upload: Upload the necessary identification and proof of residence documents.
6. Account Verification: Wait for the account verification process to be completed.
7. Fund Your Account: Deposit funds into your trading account to start trading.
8. Start Trading: Log in with your account credentials and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, with minor interface adjustments.

Common Registration Issues and Solutions

• Issue: Document upload errors.

• Solution: Ensure documents are clear and meet the specified requirements.

• Issue: Verification delays.

• Solution: Contact customer support for assistance.

Average Account Approval Time

• Typically ranges from a few hours to 48 hours, depending on document submission and verification.

How to Upgrade/Downgrade Account Types

• Account types can be changed by contacting customer support or through the account management dashboard.

admirals Demo Account Information

admirals Demo Account Guide

Demo Account Features and Benefits

• Provides a risk-free environment to practice trading.
• Access to the same trading platforms and tools as live accounts.
• Ideal for beginners to learn trading strategies.

How to Open a Demo Account

• Visit the Admirals website and select the demo account option during registration.

Demo Account Limitations

• Limited to virtual funds; cannot be used for real trading.

Virtual Balance Amount

• Typically starts with a virtual balance (amount varies).

Demo vs Live Account Differences

• Demo accounts do not involve real money; live accounts require actual funds for trading.

Duration/Expiry of Demo Accounts

• Demo accounts may expire after a specified period or remain active as long as there is activity.

admirals Islamic Account Details

admirals Islamic Account Details

Swap-free/Islamic Account Availability

• Admirals offers Islamic accounts that comply with Sharia law.

Eligibility Requirements

• Must be a Muslim trader seeking swap-free trading options.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, which are typically charged for overnight positions.

How to Apply for Islamic Account

• Select the Islamic account option during the registration process or contact customer support for assistance.

Restrictions or Special Conditions

• Specific trading conditions may apply based on the account type and regional regulations.

FAQs – admirals Account Types & Opening

1. What account types does admirals offer？

• Admirals offers Trade Account, Zero Account, Invest Account, Islamic Account, and Professional Account.

1. What is the minimum deposit for each account type？

• Trade Account: $100, Zero Account: $100, Invest Account: $1, Islamic Account: $100, Professional Account: Varies.

1. How long does admirals account verification take？

• Verification typically takes a few hours to a couple of days.

1. Does admirals offer demo accounts？

• Yes, Admirals offers demo accounts for practice trading.

1. Can I have multiple account types with admirals？

• Yes, traders can open multiple account types.

1. Does admirals offer Islamic/swap-free accounts？

• Yes, Admirals provides Islamic accounts that are swap-free.

1. What documents do I need to open a admirals account？

• A valid ID and proof of residence are required.

1. Can I change my account type after registration？

• Yes, account types can be changed by contacting customer support or through the account management dashboard.