Admiral Markets Review
Overall, Admirals is considered average risk, with an overall Trust Score of 84 out of 100. Admirals is licensed by two Tier-1 Regulators (high trust), two Tier-2 Regulators (average trust), and two Tier-3 Regulators (low trust).
- Louis Schoeman
Jump to:
Regulation and Safety of Funds
Account Types and Features
Account Registration
Trading Platforms
Range of Markets
Fees
Deposits and Withdrawals
Education and Research
Affiliate Program
Final Verdict
Pros and Cons
FAQ
Overall Rating
- 4.1/5
Min Deposit
13 BWP or an equivalent to $1
Regulators
FCA, ASIC, CySEC, EFSA, JSC
Trading Desk
• MetaTrader 4
• MetaTrader 5
• Admirals Mobile App
Crypto
Yes
Total Pairs
35 Forex Currency Pairs
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Admiral Markets Review – 17 key points quick overview:
Admirals Markets OverviewAdmirals Markets Overview
Admirals offers six different retail trading accounts, namely Trade.MT5, Invest.MT5, Zero.MT5, Bets.MT5, Trade.MT4, and Zero.MT4.
Admirals, formerly Admiral Markets, is a forex and CFD brokerage established in early 2001. Due to its international presence, Admiral Markets is subject to oversight from a wide range of financial regulators worldwide.
This includes the Financial Conduct Authority (FCA) in the United Kingdom, the Australian Securities and Exchange Commission (ASIC), and others.
Not only can you use Admirals’ innovative, user-friendly mobile app, but you can also use the popular MT4 and MT5 trading platforms. In addition, with six active accounts, Admirals offers exceptional market conditions for trading.
Admirals accepts Botswanan clients and has an average spread from 0.0 pips with a $0.02 commission. Admirals has a maximum leverage ratio up to 1:500, and a demo and Islamic account are available.
MT4, MT5, and Admirals’ mobile platforms are supported. Admirals is headquartered in the United Kingdom and regulated by FCA, ASIC, CySEC, EFSA, JSC, and FSCA.
Admirals Distribution of Traders
Admirals currently has the largest market share in these countries:
️ Germany – 9.15%
️ Spain – 8.23%
️ France – 7.47%
️ Poland – 6.89%
️ Mexico – 3.29%
Popularity among traders who choose Admirals
Admirals may not command a substantial portion of the Botswanan market. However, it is still one of the best forex brokers in the country.
Admirals Review At a Glance
| 🏛️ Headquartered | London, United Kingdom |
| 🏛️ Global Offices | Jordan, Australia, Cyprus, the United Kingdom, South Africa |
| 👍 Accepts Botswanan Traders? | Yes |
| 📅 Year Founded | 2001 |
| 📱 Botswanan Office Contact Number | None |
| ⚖️ Regulation | FCA, ASIC, CySEC, EFSA, JSC |
| 🔎 License Number | • Jordan – 57026 • United Kingdom – FRN 595459 • Estonia – 4.1-1/46 • Cyprus – 201/13 • Australia – ABN 63151613839, AFSL 410681 |
| ⚖️ CBN Regulation | None |
| ✴️ Regional Restrictions | Canada, United States, Japan, Malaysia, Singapore, and some other countries |
| ☪️ Islamic Account | Yes |
| 📈 Demo Account | Yes |
| 📈 Retail Investor Accounts | 6 |
| 📊 PAMM Accounts | No |
| 📊 Liquidity Providers | Admiral Markets A.S. |
| 💵 Affiliate Program | Yes |
| 📊 Crypto trading offered? | Yes |
| 🚀 Offers a BWP Account? | No |
| 💻 Dedicated Botswanan Account Manager? | No |
| 📈 Maximum Leverage | 1:30 (Retail), 1:500 (Professional) |
| 📈 Leverage Restrictions for Botswana? | No |
| 💳 Minimum Deposit | 13 BWP or an equivalent to $1 |
| 💳 Botswanan Pula Deposits Allowed? | Yes, but currency conversion fees may apply |
| 💰 Active Botswanan Trader Stats | 250,000+ |
| 💰 Active Botswanan-based Admirals customers | Unknown |
| 💳 Deposit and Withdrawal Options | • Bank Transfers • Klarna • Debit Card • Credit Card • PayPal • Neteller • Skrill • SafetyPay • iBank & BankLink • iDEAL • POLi |
| 💰 Segregated Accounts with Botswanan Banks? | No |
| 💻 Trading Platforms | • MetaTrader 4 • MetaTrader 5 • Admirals Mobile App |
| 💰 Tradable Assets | • ESG Trading Instruments • Forex • Cryptocurrency CFDs • Commodities • Indices • Stocks • ETFs • Bonds • Spread Betting |
| 🌐 Offers USD/BWP currency pair? | No |
| 🌐 USD/BWP Average Spread | N/A |
| 📈 Offers Botswanan Stocks and CFDs | None |
| 👨💼 Languages supported on Website | English, German, Frenchs, Italian, Romanian, Spanish, Portuguese, Russian, Polish, and several more. |
| 👥 Customer Support Languages | Multilingual |
| 👥 Customer Service Hours | 24/5 |
| 👥 Botswanan-based customer support? | No |
| 💰 Bonuses and Promotions for Botswanans | No |
| ✴️ Education for Botswanan beginners | Yes |
| 📊 Proprietary trading software | Yes |
| 💰 Most Successful Botswanan Trader | Currently unknown |
| ✔️ Is Admirals a safe broker for Botswanans? | Yes |
| ✔️ Rating for Admirals Botswanans | 9/10 |
| ✔️ Trust score for Admirals Botswanans | 83% |
Regulation and Safety of Funds
In several countries, Admirals has been approved and regulated by recognized authorities. Strong security and customer service procedures ensure the safety of traders when they use their services.
In addition, Admirals offers transparent reports regarding its financial reports that Botswana traders can view at any given time. The regulations and authorization that Admirals has include:
➡️️ Admiral Markets AS Jordan Ltd is an entity that is regulated by the Jordan Securities Commission (JSC) under registration number 57026.
➡️️ Admiral Markets UK Ltd is a trading provider that is regulated and authorized by the Financial Conduct Authority (FCA) under FRN 595450. In addition, this entity is authorized to hold client funds under the rules of FCA CASS and the firm is also a sister company of Admiral Markets AS in Estonia.
➡️️ Admiral Markets AS is both licensed and authorized to provide services in Estonia by the Estonian Financial Supervision Authority (EFSA) under license number 4.1-1/46.
➡️️ In Cyprus, Admiral Markets Cyprus Ltd is registered and authorized to provide financial services and financial products, with regulations through the Cyprus Securities and Exchange Commission (CySEC) under license number 201/13.
➡️️ Admiral Markets PTY Ltd is registered in Australia under ABN 63151613839 and is regulated by the Australian Securities and Investment Commission, with an Australian Financial Services License (AFSL) under AFSL number 410681.
In addition, Admiral Markets UK Ltd, Admiral Markets AS and Admiral Markets Cyprus Ltd are all fully compliant with the Directive on Markets in Financial Instruments 2014/65/EU, commonly known as MiFID II.
To comply with FCA regulations, all client funds are maintained in a credit institution authorized by the European Economic Area separate from Admirals’ own holdings. Clients’ money is always accessible and cannot be utilized by Admirals for any reason thanks to this system.
Furthermore, in the event of a firm’s bankruptcy, customer funds are shielded from ordinary creditors under UK insolvency legislation. Admirals adheres to FCA standards by doing daily customer money reconciliations. Segregated bank accounts show customer assets properly because of this procedure.
Subsequently, the total amount of a customer’s trading account is recognized as client money. The FCA oversees Admirals and requires it to provide monthly Client Money Asset Returns (CMARs) to the agency.
Admirals’ auditors, who report to the FCA, conduct an annual audit of Admirals’ money controls and systems. This body was created to safeguard clients of financial services organizations that have gone under.
If a broker goes out of business because of a shortfall in segregated client funds, the FSCS will compensate eligible clients up to £85,000 in compensation. If a PRA-regulated bank used to retain segregated customer money falls into liquidation, it pays up to £85,000 in compensation.
If there is a failure with the bank that holds funds, depositors are compensated via deposit guarantee systems (DGS). Deposit guarantee programs, which are mandated by EU law, guarantee deposits up to a maximum of €100,000.
However, minimum requirements have been agreed upon at the EU level in Europe for national organizations. Per EU regulations, each depositor is protected to the tune of €100,000. Savings banks, cooperative banks, public sector banks, and private banks are only a few of the types of financial institutions that exist in certain states.
Overall Rating
- 4.1/5
Min Deposit
13 BWP or an equivalent to $1
Regulators
FCA, ASIC, CySEC, EFSA, JSC
Trading Desk
• MetaTrader 4
• MetaTrader 5
• Admirals Mobile App
Crypto
Yes
Total Pairs
35 Forex Currency Pairs
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Admirals’ Account Types and Features
Admirals offers Botswana traders a choice between six retail investor accounts that suit different trading needs and objectives. This flexible account structure ensures that all types of traders will find a solution when they choose to trade through Admirals.
➡️️ Trade.MT5
➡️️ Invest.MT5
➡️️ Zero.MT5
➡️️ Bets.MT5
➡️️ Trade.MT4
➡️️ Zero.MT4
Live Trading Accounts
Trade.MT5
This is a basic live trading account that Botswana traders can use through MetaTrader 5.
| Account Feature | Value |
| 💰 Minimum Deposit | 3,300 BWP or an equivalent to $250 |
| 💵 Account Base Currency | EUR, USD, GBP, CHF, BGN, CZK, HRK, HUF, PLN, RON |
| 📊 Range of Markets Offered | • Currencies – 40 • Metal CFDs – 5 • Energy CFDs – 3 • Agriculture CFDs – 7 • Index Futures CFDs – 24 • Commodity Futures – 11 • Cash Index CFDs – 19 • Stock CFDs – over 3,350 • ETF CFDs – over 300 Bonds CFDs – 2 |
| 📈 Leverage on Forex | Retail leverage from 1:20 to 1:30, professional up to 1:500 |
| 📈 Leverage on Indices | Retail leverage from 1:10 up to 1:20, professional up to 1:500 |
| 💻 Average Spread | From 0.5 pips on major pairs |
| 💸 Commissions charged on trades | • $0.02 per share on individual shares and ETF CFDs • Zero commissions on other tradable instrument |
| ✔️ Tick Size on Forex | 0.00001 |
| 📊 Trade Execution Type | Market |
| 📉 Minimum Position Size | 0.01 lots |
| 📈 Maximum Position Size | 100 standard lots |
| 📊 Maximum Open and Pending Orders | 500 standard lots |
| 🛑 Stop-Out Level | 50% |
| 📊 Negative Balance Protection offered? | Yes |
| ☪️ Islamic Account offered? | Yes |
| ✔️ One-Click Trading | Yes |
| 💰 Volatility Protection | Yes |
| 📊 Market Depth | Yes |
| 🗞 Market News | Yes |
| 📊 Market Analysis | Yes |
| 🗓 Economic Calendar | Yes |
| ✔️ Access to Trading Central? | Yes |
Invest.MT5
The Invest Account can be used through MetaTrader 5 and provides Botswana investors with flexible trading conditions and features.
| Account Feature | Value |
| 💰 Minimum Deposit | 13 BWP equivalent to $1 |
| 💵 Account Base Currency | EUR, USD, GBP, CHF, BGN, CZK, HRK, HUF, PLN, RON |
| 📊 Range of Markets Offered | • Stock CFDs – over 4,350 • ETF CFDs – over 200 |
| 📈 Leverage on Forex | None |
| 📉 Leverage on Indices | None |
| 📈 Average Spread | From 0.0 pips |
| 💳 Commissions charged on trades | • $0.02 per share on individual shares and ETF CFDs |
| ✔️ Tick Size on Forex | None |
| 💻 Trade Execution Type | Exchange |
| 💰 Minimum Position Size | None |
| 💰 Maximum Position Size | None |
| 💵 Maximum Open and Pending Orders | 500 standard lots |
| 🛑 Stop-Out Level | None |
| 📉 Negative Balance Protection offered? | No |
| ☪️ Islamic Account offered? | No |
| 📲 One-Click Trading | Yes |
| 🛡 Volatility Protection | Yes |
| 📊 Market Depth | Yes |
| 🗞 Market News | Yes |
| 📊 Market Analysis | Yes |
| 🗓 Economic Calendar | Yes |
| 📍 Access to Trading Central? | Yes |
Zero.MT5
The Zero MetaTrader 5 account is for experienced traders and even professional traders who need the best trading conditions, features, and a competitive edge.
| Account Feature | Value |
| 💰 Minimum Deposit | 3,300 BWP equivalent to $250 |
| 💵 Account Base Currency | EUR, USD, GBP, CHF, BGN, CZK, HRK, HUF, PLN, RON |
| 📊 Range of Markets Offered | • Currencies – 45 • Metal CFDs – 3 • Energy CFDs – 3 • Cash Index CFDs – 10 |
| 📈 Leverage on Forex | Retail leverage from 1:20 to 1:30, professional up to 1:500 |
| 📉 Leverage on Indices | Retail leverage from 1:10 up to 1:20, professional up to 1:500 |
| 📈 Average Spread | From 0.0 pips on major pairs |
| 💳 Commissions charged on trades | • From $1.8 to $3 per standard lot on Forex and Metals • From $0.05 to $3 per standard lot on Cash Indices • $1 per standard lot on Energies |
| ✔️ Tick Size on Forex | 0.00001 |
| 💻 Trade Execution Type | Market |
| 💰 Minimum Position Size | 0.01 lots |
| 💰 Maximum Position Size | 200 standard lots |
| 💵 Maximum Open and Pending Orders | 500 standard lots |
| 🛑 Stop-Out Level | 50% |
| 📉 Negative Balance Protection offered? | Yes |
| ☪️ Islamic Account offered? | No |
| 📲 One-Click Trading | Yes |
| 🛡 Volatility Protection | Yes |
| 📊 Market Depth | Yes |
| 🗞 Market News | Yes |
| 📊 Market Analysis | Yes |
| 🗓 Economic Calendar | Yes |
| 📍 Access to Trading Central? | Yes |
Bets.MT5
This is a Spread Betting account that is available to United Kingdom clients.
| Account Feature | Value |
| 💰 Minimum Deposit | 100 GBP |
| 💵 Account Base Currency | GDP |
| 📊 Range of Markets Offered | 35 Forex Currency Pairs |
| 📈 Leverage on Forex | Retail leverage from 1:20 to 1:30, professional up to 1:500 |
| 📉 Leverage on Indices | None |
| 📈 Average Spread | From 0.5 pips on major pairs |
| 💳 Commissions charged on trades | None |
| ✔️ Tick Size on Forex | 0.00001 |
| 💻 Trade Execution Type | Market |
| 💰 Minimum Position Size | 0.01 lots |
| 💰 Maximum Position Size | None |
| 💵 Maximum Open and Pending Orders | 500 standard lots |
| 💵 Maximum Bet Size or Stake Size | 100 |
| 🛑 Stop-Out Level | 50% |
| 📉 Negative Balance Protection offered? | Yes |
| ☪️ Islamic Account offered? | No |
| 📲 One-Click Trading | Yes |
| 🛡 Volatility Protection | Yes |
| 📊 Market Depth | Yes |
| 🗞 Market News | Yes |
| 📊 Market Analysis | Yes |
| 🗓 Economic Calendar | Yes |
| 📍 Access to Trading Central? | Yes |
Trade.MT4
This is a basic trading account that is provided along with the use of MetaTrader 4, providing Botswana traders with competitive trading conditions and a range of features.
| Account Feature | Value |
| 💰 Minimum Deposit | 3,300 BWP equivalent to $250 |
| 💵 Account Base Currency | EUR, USD, GBP, CHF, BGN, CZK, HRK, HUF, PLN, RON |
| 📊 Range of Markets Offered | • Currencies – 37 • Metal CFDs – 4 • Energy CFDs – 3 • Index Futures CFDs – 3 • Cash Index CFDs – 16 • Stock CFDs – 230 • Bonds CFDs – 2 |
| 📈 Leverage on Forex | Retail leverage from 1:20 to 1:30, professional up to 1:500 |
| 📉 Leverage on Indices | Retail leverage from 1:10 up to 1:20, professional up to 1:500 |
| 📈 Average Spread | From 0.5 pips on major pairs |
| 💳 Commissions charged on trades | • $0.02 per share on individual shares and ETF CFDs • Zero commissions on other tradable instruments |
| ✔️ Tick Size on Forex | 0.00001 |
| 💻 Trade Execution Type | Market |
| 💰 Minimum Position Size | 0.01 lots |
| 💰 Maximum Position Size | 100 standard lots |
| 💵 Maximum Open and Pending Orders | 500 standard lots |
| 🛑 Stop-Out Level | 50% |
| 📉 Negative Balance Protection offered? | Yes |
| ☪️ Islamic Account offered? | No |
| 📲 One-Click Trading | Yes |
| 🛡 Volatility Protection | Yes |
| 📊 Market Depth | No |
| 🗞 Market News | Yes |
| 📊 Market Analysis | Yes |
| 🗓 Economic Calendar | Yes |
| 📍 Access to Trading Central? | Yes |
Zero.MT4
The MetaTrader 4 Zero Account offers experienced and advanced traders a range of features and competitive trading conditions, allowing them to use a range of trading strategies including high-frequency trading, algorithmic trading, scalping, hedging, and day trading strategies.
| Account Feature | Value |
| 💰 Minimum Deposit | 3,300 BWP equivalent to $250 |
| 💵 Account Base Currency | EUR, USD, GBP, CHF, BGN, CZK, HRK, HUF, PLN, RON |
| 📊 Range of Markets Offered | • Currencies – 45 • Metal CFDs – 3 • Cash Index CFDs – 10 • Energy CFDs – 3 |
| 📈 Leverage on Forex | Retail leverage from 1:20 to 1:30, professional up to 1:500 |
| 📉 Leverage on Indices | Retail leverage from 1:10 up to 1:20, professional up to 1:500 |
| 📈 Average Spread | From 0.0 pips on major pairs |
| 💳 Commissions charged on trades | • From $1.8 to $3 per standard lot on Forex and Metals • From $0.05 to $3 per standard lot on Cash Indices • $1 per standard lot on Energies |
| ✔️ Tick Size on Forex | 0.00001 |
| 💻 Trade Execution Type | Market |
| 💰 Minimum Position Size | 0.01 lots |
| 💰 Maximum Position Size | 200 standard lots |
| 💵 Maximum Open and Pending Orders | 200 standard lots |
| 🛑 Stop-Out Level | 50% |
| 📉 Negative Balance Protection offered? | Yes |
| ☪️ Islamic Account offered? | No |
| 📲 One-Click Trading | Yes |
| 🛡 Volatility Protection | Yes |
| 📊 Market Depth | No |
| 🗞 Market News | Yes |
| 📊 Market Analysis | Yes |
| 🗓 Economic Calendar | Yes |
| 📍 Access to Trading Central? | Yes |
Demo Account
A demo account is a practice account that offers traders a certain amount of virtual funds that they can use, allowing them to enter the live market without risking their capital.
There is a certain degree of risk involved when trading financial markets and Admirals offers its clients a risk-free platform where they can test strategies, practice trading, and explore what the broker offers in a safe trading environment with real market conditions.
Islamic Account
Depending on the trading style and the trading strategy of the forex trader, they may keep their trading positions open for longer than 24 hours on a trading day.
This means that the trader could incur an overnight or rollover fee. This is a type of interest that is prohibited by Riba principles of Sharia law, which means that Muslim traders are often restricted in forex trading.
Muslim Botswana traders can convert their Trade.MT5 account to that of an Islamic account, providing them access to these features:
️ Exemption from interest or swap adjustments on overnight positions.
️ Both retail traders and professional traders have access to the Islamic Account option.
️ There is no spread widening or upfront commissions charged.
️ Traders can expect the same trading conditions as Standard trading accounts.
️ There are no restrictions on the trading style, trading strategy, or the use of Expert Advisors.
Botswana Muslim traders are subject to an Islamic Account Administration fee which is charged after a certain holding period per instrument. The holding period and average charges per instrument are as follows, with the full list available on the official website of Admirals:
️ Agricultural CFDs – 3 Days, from $0.1 up to $2.
️ Cash Indices CFDs – between 3 to 10 days, ranging from $0.1 up to $3.
️ Cryptocurrencies – after 1 day, from $0.01 up to $22.
️ Energies – after 3 days, from $3 to $10.
️ ETF CFDs – after 3 days, from $0.01 to $0.1.
️ Forex, between 1 day and 10 days, from $3 to $113.
️ Precious Metals – between 3 to 10 days, from $0.5 to $15.
️ Stock CFDs – from 3 days, between $0.01 to $0.6
Account Registration
The account opening procedure with Admirals is fast and uncomplicated. There is a simple online form that takes only a few minutes to complete.
Traders must validate the email address that they provided and submit a piece of identification such as a passport or driver’s license and a current utility bill to verify their residence. Once the accounts staff have confirmed the information and documents, traders can deposit them into the account and begin trading.
Admirals Vs FBS Vs TD Ameritrade – Broker Comparison
| Admirals | FBS | TD Ameritrade | |
| ⚖️ Regulation | FCA, ASIC, CySEC, EFSA, JSC | IFSC, CySEC | SEC, SFC, FINRA |
| 📱 Trading Platform | • MetaTrader 4 • MetaTrader 5 • Admirals Mobile Ap | • MetaTrader 4 • MetaTrader 5 • FBS Trader • CopyTrade | • TD Ameritrade Web • TD Ameritrade Mobile • thinkorswim mobile • thinkorswim web |
| 💰 Withdrawal Fee | Yes | Yes | No |
| 📈 Demo Account | Yes | Yes | Yes |
| 📊 Min Deposit | 13 BWP | 13 BWP | 13 BWP |
| 💰 Leverage | • 1:30 Retail • 1:500 Professional | Up to 1:3000 | 1:2 |
| 💳 Spread | From 0.0 pips | From 0.0 pips | None |
| ✴️ Commissions | From $0.02 | From $6 | From $0 |
| 💳 Margin Call/Stop-Out | Stop-out from 50% | 40% and 20% | None |
| 📊 Order Execution | Market/Exchange | STP, ECN | None |
| 💰 No-Deposit Bonus | No | Yes | No |
| 💰 Cent Accounts | No | Yes | No |
| 📊 Account Types | • Trade.MT5 • Invest.MT5 • Zero.MT5 • Bets.MT5 • Trade.MT4 • Zero.MT4 | • FBS Cent Account • FBS Micro Account • FBS Standard Account • FBS Zero Account • FBS ECN Account • FBS Crypto Account | • Standard Accounts • Retirement Accounts • Education Accounts • Speciality Accounts • Managed Profiles • Margin Trading Account |
| ⚖️ CBN Regulation | No | No | No |
| 💵 BWP Deposits | Yes | Yes | No |
| 💳 Botswana Pula Account | No | No | No |
| 👥 Customer Service Hours | 24/5 | 24/7 | 24/7 |
| 🛍 Retail Investor Accounts | 6 | 6 | 2 |
| ☪️ Islamic Account | Yes | Yes | No |
Admirals’ Trading Platforms
MetaTrader is a well-known and dependable trading platform, and Admirals has a big range of it. To view and trade financial products in numerous marketplaces, traders utilize the MetaTrader 4 (MT4) trading platform, which provides real-time charting and real-time analysis.
All traders, no matter their skill level, may benefit from this free tool’s user-friendly design and customisability. An improved version of MetaTrader 4, featuring a few new features, is MetaTrader 5. Level II pricing, comprehensive charting, and trading tools, as well as free market data/news, are all included.
In addition, the Admirals mobile application is both secure and user-friendly. It provides Botswana traders instant access to a range of markets and several advanced features.
Range of Markets
Admirals offer the following wide range of markets:
➡️️ ESG Trading Instruments
➡️️ Forex
➡️️ Cryptocurrency CFDs
➡️️ Commodities
➡️️ Indices
➡️️ Stocks
➡️️ ETFs
➡️️ Bonds
➡️️ Spread Betting
Broker Comparison for Range of Markets
| ACY Securities | CM Trading | RoboForex | |
| 💰Forex | Yes | Yes | Yes |
| 🔨 Precious Metals | Yes | Yes | No |
| 💰 ETFs | Yes | No | Yes |
| 📊 CFDs | Yes | Yes | No |
| 📈 Indices | Yes | Yes | No |
| 💵 Stocks | Yes | Yes | Yes |
| 💳 Cryptocurrency | Yes | Yes | Yes |
| 💰 Options | No | No | Yes |
| 💸 Bonds | Yes | No | Yes |
| 🔋 Energies | Yes | No | Yes |
Trading and Non-Trading Fees
Spreads
The variable spreads that traders can expect from Admirals will depend on their account as follows:
➡️️ Trade.MT5 – from 0.5 pips on major currency pairs
➡️️ Invest.MT5 – from 0.0 pips EUR/USD
➡️️ Zero.MT5 – from 0.0 pips on major pairs
➡️️ Bets.MT5 – from 0.5 pips on major currencies
➡️️ Trade.MT4 – from 0.5 pips on major currency pairs
➡️️ Zero.MT4 – from 0.0 pips on major pairs
Commissions
Admirals charges the following commissions on trading accounts:
| Account | Commissions charged on trades |
| Trade.MT5 | $0.02 per share on individual shares and ETF CFDs |
| Invest.MT5 | $0.02 per share on individual shares and ETF CFDs |
| Zero.MT5 | • From $1.8 to $3 per standard lot on Forex and Metals • From $0.05 to $3 per standard lot on Cash Indices • $1 per standard lot on Energies |
| Trade.MT4 | $0.02 per share on individual shares and ETF CFDs |
| Zero.MT4 | • From $1.8 to $3 per standard lot on Forex and Metals • From $0.05 to $3 per standard lot on Cash Indices • $1 per standard lot on Energies |
Overnight Fees, Rollovers, or Swaps
Overnight fees are charged when traders keep their positions open for longer than 24 hours. Admirals charges overnight fees according to the position size, the instrument, and other factors. Typical swap fees on EUR/USD, for instance, translate to -0.622 on a long swap and -0.041 on a short swap.
Muslim Botswana traders can convert their Trade.MT5 account to an Islamic Account, which exempts them from overnight fees.
Deposit and Withdrawal Fees
Admirals charges deposit fees on the following payment methods:
➡️️ Skrill – 0.9% along with a minimum of 1 currency unit in EUR, USD, GBP, CHF, BGN, CZK, HRK, HUF, PLN, RON.
➡️️ Neteller – 0.9% along with a minimum of 1 currency unit in EUR or GBP.
With Admirals, Botswana receive one free withdrawal per month. If traders withdraw more than this, Admirals charges withdrawal fees as follows:
➡️️ Bank Transfers – if traders withdraw more than once, they are subjected to a fee of 10 USD, or an equivalent in EUR, GBP, CHF, BGN, CZK, HRK, HUF, PLN, RON.
➡️️ PayPal – 1% with a minimum of 1 currency unit in EUR, USD, GBP, CHF, BGN, CZK, HRK, HUF, PLN, RON.
➡️️ Skrill – 1% with a minimum of 1 currency unit in EUR, USD, GBP, CHF, BGN, CZK, HRK, HUF, PLN, RON.
➡️️ Neteller – 1% with a minimum of 1 currency unit in EUR, USD, GBP, CHF, BGN, CZK, HRK, HUF, PLN, RON.
➡️️ iBank and BankLink – 0.5% with a minimum of 1 currency unit in CNY, IDR, MYR, THB, VND.
Other Fees
Admirals charges administration fees on the Islamic Account as follows:
➡️️ Agricultural CFDs – 3 Days, from $0.1 up to $2.
➡️️ Cash Indices CFDs – between 3 to 10 days, ranging from $0.1 up to $3.
➡️️ Cryptocurrencies – after 1 day, from $0.01 up to $22.
➡️️ Energies – after 3 days, from $3 to $10.
➡️️ ETF CFDs – after 3 days, from $0.01 to $0.1.
➡️️ Forex, between 1 day and 10 days, from $3 to $113.
➡️️ Precious Metals – between 3 to 10 days, from $0.5 to $15.
➡️️ Stock CFDs – from 3 days, between $0.01 to $0.6
In addition, Botswana traders must note that an inactivity fee of 10 EUR is charged per month if the trading account goes dormant after two years of inactivity. There is also a currency conversion fee of 0.3% charged when Botswana fund their account in BWP , or any other currency other than EUR, USD, GBP, CHF, BGN, CZK, HRK, HUF, PLN, RON.
Overall Rating
- 4.1/5
Min Deposit
13 BWP or an equivalent to $1
Regulators
FCA, ASIC, CySEC, EFSA, JSC
Trading Desk
• MetaTrader 4
• MetaTrader 5
• Admirals Mobile App
Crypto
Yes
Total Pairs
35 Forex Currency Pairs
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Deposits and Withdrawals
Admirals offers the following deposit methods:
➡️️ Bank Transfers
➡️️ Klarna
➡️️ Debit Card
➡️️ Credit Card
➡️️ PayPal
➡️️ Neteller
➡️️ Skrill
➡️️ SafetyPay
➡️️ iBank & BankLink
➡️️ iDEAL
➡️️ POLi
Botswana traders can withdraw funds using these methods:
➡️️ Bank Transfers
➡️️ PayPal
➡️️ Neteller
➡️️ Skrill
➡️️ iBank & BankLink
Admirals Education and Research
Admirals offers beginner traders the following educational resources:
➡️️ Forex and CFD webinars
➡️️ Frequently Asked Questions
➡️️ Trader’s Glossary
➡️️ Risk Management Guide
➡️️ Articles and Tutorials
➡️️ Zero To Hero
➡️️ Forex 1010
➡️️ Trading Videos
➡️️ eBooks
Admirals offers the following trading tools and research:
➡️️ Global Market Updates
➡️️ Premium Analytics
➡️️ Fundamental Analysis
➡️️ Technical Analysis
➡️️ Forex Calendar
➡️️ Trading Central
➡️️ Trading News
➡️️ Market Heat Map
➡️️ Market Sentiment
➡️️ Weekly Trading Podcast
Bonuses and Promotions
Admirals offers Botswana traders a Referral Program, allowing them to use a unique link that they can share with friends and family. If the referral signs up and registers a live trading account with Admirals and they make at least 1 trade, the referrer and their referral can receive 15 units of currency in USD, GBP, or EUR.
Admirals Affiliate Program
The Admirals Affiliate program is suited to:
➡️️ Website Publishers
➡️️ Mobile Marketers
➡️️ Media Buyers
➡️️ Digital Marketers
➡️️ Webmasters
➡️️ Affiliate Network Members
➡️️ Social Media Influencers
The affiliate program gives these individuals the chance to earn up to $600 in commissions when they lead their audiences to Admirals. To become an affiliate, individuals can follow these steps:
➡️️ Register as an affiliate with Admirals
➡️️ Select an offer that includes promotional materials that are suited to the needs of the individual’s audience
➡️️ Publish the promotional materials on the website or platform
➡️️ Earn commissions through the CPA affiliate program
The benefits attributable to becoming an affiliate with Admirals are:
➡️️ Earning commissions up to $600
➡️️ Transparent statistics along with reporting, allowing affiliates to monitor and receive their commission hassle-free
➡️️ The knowledge that affiliates are working with a trusted and regulated brand
➡️️ Accelerating results by using conversion-optimized banners, widgets, booklets, and other materials
➡️️ Dedicated affiliate specialist support that will help affiliates
➡️️ 24/7 unrestricted access to the Affiliates Portal
Verdict on Admirals
Admiral Markets is an award-winning and licensed broker that provides a broad range of trading instruments on innovative trading platforms with customizable accounts, competitive spreads, rapid execution, and a variety of account funding alternatives.
Admiral is a highly regulated corporation and a well-known supplier of internet trading services. Admirals enable traders to trade with deep liquidity conditions from top-tier providers with its lightning-fast order executions, cheap initial deposit, and competitive pricing approach.
Technical solutions and improvements are carried out with utmost care while using the industry-proven MetaTrader 4 and 5 platforms along with the Admirals trading app.
Admirals Pros and Cons
| ✔️ Pros | ❌ Cons |
| Admirals has an enormous range of tradable instruments spread across markets | The instruments that can be traded will depend on the trading account used |
| Admirals offers both MetaTrader platforms | There are high trading fees charged |
| Admirals offers real stocks and CFDs | Deposit and withdrawal fees apply |
| There is an ultra-low minimum deposit from 13 BWP / 1 USD | Admirals charges additional fees on the Islamic Account |
| There are several educational materials and trading tools available | |
| The rebate program is excellent | |
| Admirals has competitive spreads across accounts | |
| Admirals is extremely well-regulated and provides a safe trading environment |
Frequently Asked Questions
Does Admirals have Volatility 75?
Admirals does not have Volatility 75.
Does Admirals have Nasdaq?
Admirals offers NASDAQ as an Index CFD and Cash Index under NQ100, with minimum spreads from 0.8 pips and zero commissions.
How long do withdrawals with Admirals take?
Depending on your payment method, withdrawal can take one to several business days.
Does Admirals accept PayPal?
Admirals supports the use of PayPal for deposits and withdrawals.
Is Admirals regulated and by whom?
Yes, Admirals is a well-regulated broker that holds licenses through FCA, ASIC, CySEC, EFSA, JSC, and FSCA.
Is Admirals a fake or a scam broker?
Admirals is not a fake or a scam broker. Instead, Admirals is a medium-trust forex and CFD broker with Tier-1, 2, and 3 regulations.
