Admirals foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://admirals.com/, about the company's legal and temporary regulatory information, the company's address Suite 3, Global Village, Jivan's Complex, Mont Fleuri, Mahé, Seychelles.
Admirals Forex Broker
Basic information
Seychelles
2-5 years Suspicious Regulatory License White label MT4 Global Business High potential riskCompany profile
Admirals Review
Established in 2023,Admirals is a newcomer in the industry, registered in the United Kingdom but operating without any regulatory oversight, offering various tradable assets including stocks, forex, CFDs on indices, metals, energies, stocks, bonds, and digital currencies. Clients can access these markets through the Admirals mobile app as well as the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. The broker provides multiple payment options such as Visa, Mastercard, Klarna, Skrill, and bank wire transfers.
Regulation
Admirals operates without any regulatory oversight from financial authorities.
Pros and Cons
Admirals,this unregulated firm allows low-cost entry at $1 but lacks oversight. It provides MT4, MT5, and a proprietary app for stock and ETFs trading, plus some educational content. However, leverage and spread details are missing, and there's no phone/email support. Weigh the potential benefits against risks of an unregulated broker.
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Market Instruments
Admirals offers two tradable instruments: Stocks and ETFs. Many other popular tradable instruments like currencies, indices, metals are not available.
How to open an account
- Visit the broker's website and click on the “Open Account” or similar button, usually prominently displayed.
- Complete the online application form by providing your personal information, such as name, address, date of birth, and contact details.
- Submit the required documentation for identity verification, typically a government-issued ID (e.g., passport, driver's license) and proof of address (e.g., utility bill, bank statement).
- Make the initial deposit using one of the accepted payment methods (e.g., credit/debit card, bank transfer, e-wallet) to fund your trading account and complete the account opening process.
Trading Platform
When it comes to trading platforms, Admirals offers its clients a comprehensive suite of options. At the core of its offering are the industry-leading MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, which have become industry standards for their advanced charting capabilities, extensive range of technical indicators, and user-friendly interfaces. These platforms are widely renowned for their reliability, rich feature set, and customizability, allowing traders to tailor their trading environment to their specific needs.
Complementing the MetaTrader platforms, Admirals has developed a proprietary mobile trading app, enabling traders to stay connected and execute trades seamlessly on-the-go. This mobile app is designed to provide a streamlined trading experience, allowing traders to monitor their positions, place orders, and access real-time market data from their mobile devices.
Deposit & Withdrawal
Admirals facilitates account funding and withdrawal through multiple payment methods, including Visa, Mastercard, Klarna, Skrill, and bank wire transfers. Notably, the broker allows traders to start trading with as little as $1, providing an accessible entry point for those with limited capital.
Trading Tools
Besides solid trading platforms, Admirals also provides some trading tools to help traders smooth trading process, which include MetaTrader Supreme Edition, Virtual Private Server, and ParallelsPremium analytics.
Educational Resources
Admirals boasts that it provides solid eductaional contents. These include free articles, a community forum, online courses, podcasts, e-books, video tutorials, in-person events, and webinars. However, not all educational content listed can be used. Some resources like podcasts, video tutorials, and articles are readily accessible, while other educational content is currently in preparation, suggesting an ongoing effort to expand the firm's educational offerings.
Customer Support
Admirals offers online chat as a customer support channel, but its functionality appears limited. Clicking the chat logo reportedly yields no response. While social media presence suggests some level of accessibility, the lack of phone and email support options restricts direct contact methods.
Physical Address: 37th Floor, One Canada Square, Canary Wharf, London, E14 5AB, United Kingdom.
Conclusion
Overall, while Admirals 's educational resources and low minimum deposit may appeal to some, it actually is an unregulated broker. Traders should take extra vigilance when trading with this broker.
FAQs
Is Admirals a regulated broker?
No, Admirals is not regulated by any financial authority or regulatory body.
What trading platforms does Admirals offer?
Admirals provides access to the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, as well as a proprietary mobile trading app.
What assets can I trade with Admirals?
Admirals offers trading in various instruments, including stocks, forex, CFDs on indices, metals, energies, stocks, bonds, and digital currencies.
What is the minimum deposit required to open an account with Admirals?
Admirals allows traders to start trading with a minimum deposit of just $1.
What payment methods are accepted by Admirals for deposits and withdrawals?
Admirals accepts payment methods such as Visa, Mastercard, Klarna, Skrill, and bank wire transfers for funding and withdrawing from trading accounts.
Risk Warning
Online trading carries substantial risk, potentially leading to the total loss of invested funds. It may not be appropriate for all traders or investors.