What Account Types and Fees Does Admirals Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Trade MT5 |
Traders looking for forex and CFD trading |
Market execution, no transaction commissions on most instruments |
Suitable for active traders |
| Trade MT4 |
Forex and CFD traders |
Market execution with fewer instruments than MT5 |
Good for those who prefer MT4 platform |
| Zero MT5 |
Active traders and scalpers |
Reduced spreads with transaction commissions |
Ideal for those using automated trading systems |
| Zero MT4 |
Traders focused on forex and CFDs |
Similar to Zero MT5 but with fewer instruments |
Best for MT4 users wanting lower spreads |
| Invest MT5 |
Long-term investors |
No leverage, access to stocks and ETFs |
Minimum deposit of 1 EUR; not suitable for leveraged trading |
Account Opening Process
Opening an account with Admirals is a straightforward procedure that can be completed entirely online. The process includes the following steps: First, users must provide personal information such as their email address and phone number to initiate the registration. Next, applicants will confirm their legal age and complete a questionnaire about their trading experience and financial goals. Following this, identity verification is required, where users must upload documents such as an ID and proof of address. Once the verification is completed, users can select their account type and proceed to fund their account. Admirals offers flexibility, allowing clients to upgrade to a professional account in the future if they meet the necessary criteria.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (Major Pairs) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads available |
| CFDs (Stocks) |
Varies |
$0.02 per share |
Transaction fees apply |
| CFDs (Indices) |
Varies |
$0 (depends on account type) |
Competitive rates for indices |
| Cryptocurrencies (BTC/USD) |
1.0% |
0.1% |
Variable depending on market conditions |
Other Fees
Admirals may charge fees for various transactions and services. These include potential deposit and withdrawal fees, which can vary depending on the payment method used. Additionally, there may be inactivity fees applied to accounts that remain dormant for an extended period. Users should also be aware of any overnight interest (swap rates) that may apply to positions held overnight. Currency conversion fees could apply for accounts trading in different currencies than the base currency selected at account opening.
