Admiral Markets fees and spreads in total

Costs and fees are an important issue for most traders, especially when comparing the numerous brokers. If you decide to trade forex or CFDs, you accept some cost factors, but these do not always occur with every trade. Nevertheless, it is important to know first of all all all possible types of fees and costs, which of course reduce the net profit in total. In this guide, we would like to give you the most important types of fees and of course, explicitly mention the costs that can be incurred by the broker Admiral Markets.

Admiral Markets spreads
Admiral Markets spreads

Spread, financing costs and fees for deposits and withdrawals

If you take a look at the numerous Forex and CFD brokers and investigate what the costs are, you will certainly notice three types of fees in particular. Frequently, the following cost factors are the ones that you will face as a trader:

  • Market spreads
  • Trading Commissions
  • Withdrawal fees
  • Inactivity fees

The spread definitely accounts for the largest share of the total cost of trading Forex and CFDs. This difference can be seen when you look at the bid and ask the price for each currency pair or even numerous CFDs. This is because Forex brokers will usually pay you slightly less money in Euros than they received before when you want to trade a currency pair or even CFDs. Admiral Markets is no exception. However, this difference is not too high and is often only in the second decimal place in the percentage range.

Admiral Markets Forex Spreads
Admiral Markets Forex Spreads

However, the spread is usually quoted in pips and not as a percentage, which of course does not change the proportionality. It is important to know that the more exotic the currency pair being traded, the higher the spreads usually become. On the other hand, for standard currency pairs, such as the euro and Swiss franc, many brokers often quote spreads of just one or two pips.

Financing costs are another cost factor that almost every Forex and CFD broker incurs. However, as a trader, you are only affected by this type of fee if you hold a position overnight. In addition, financing costs are normally only charged for long positions, i.e. for foreign currency positions. You can avoid the third cost element in most cases. These are fees that some brokers charge for some deposit and withdrawal methods. In most cases, however, there is at least one payment method available for which both deposits and withdrawals are free of charge.

The costs at Broker Admiral Markets in detail

Now that we have provided you with general information about the cost factors that can occur when trading foreign exchange and CFDs, we would now like to talk specifically about the costs incurred by the broker Admiral Markets. As a MetaTrader Broker, Admiral Markets naturally offers its clients the opportunity to trade via the MT4, which is popular with traders. The MetaTrader 4 Admiral Markets trading account can be used by the traders free of charge.

Admiral Markets trading tools
Admiral Markets trading tools

There are therefore no account or custody account fees, as is the case with many securities brokers, for example. Commissions are only charged when trading stock CFDs. You can compare these with the order costs for securities trading. In detail, commissions of 0.10 US dollars or 0.10 euros are charged for stock CFDs. However, the other two account variants, namely the MetaTrader 4 Admiral.Prime Trading account and the MetaTrader 5 Trading account, always incur order costs. For example, with the Admiral.Prime trading account the broker charges a fee of three Euro per traded lot and with the MetaTrader 5 trading account, 0.003 percent of the trading volume is charged.

Market spreads

While trading stocks and ETFs is possible without paying a commission with Admiral Markets, it is the possibility that there are extra charges that occur when trading CFDs and Forex. When trading CFDs a commission is charged when trading CFDs on stocks from the Asian Pacific. However, trading CFDs on stocks is commission-free for trading goods in the US, Europe, and the United Kingdom.

The following commissions are charged for trading CFDs that are from Australia and Japan:

CountryCommissionMinimum per transaction
Australia AUD-demoninated0.07% of trade valueAUD 7.0
Japan JPY-demoninated0.1% of trade valueJPY 1000.0

Trading commissions

Although trading ETFs and stocks is most of the time commission-free, there are still some expectation traders need to take into account. For example, There are always investing commissions in every market when trading stocks – The same goes for ETFs. Let’s take a closer look:

Investing commissions when trading stocks:

MarketDescriptionCommissionMinimum per transaction
United StatesUSD-demoninatedUSD 0.02USD 1.0
Europe (ex. Germany and France)EUR-denominated0.15 % of trade valueEUR 1.0
Europe (ex. Germany and France)USD-denominated0.15 % of trade valueUSD 1.0
Europe (ex. Germany and France)GBP-denominated0.15 % of trade valueGBP 1.0
Europe (ex. Germany and France)CHF-denominated0.15 % of trade valueCHF 1.0
Europe (ex. Germany and France)DKK-denominated0.15 % of trade valueDKK 30.0
Europe (ex. Germany and France)NOK-denominated0.15 % of trade valueNOK 10.0
Europe (ex. Germany and France)SEK-denominated0.15 % of trade valueSEK 10.0
Germany and FranceEUR-demoninated0.1 % of trade volumeEUR 1.0
United KingdomGBP-denominated0.1 % of trade volumeGBP 1.0
United KingdomEUR-denominated0.1 % of trade volumeEUR 1.0
United KingdomUSD-denominated0.1 % of trade volumeUSD 1.0
Asia Pacific AustraliaAUD-denominated0.15 % of trade valueAUD 8.0
Asia Pacific JapanJPY-denominated0.15 % of trade valueJPY 1250.0

Investing commissions when trading ETFs:

MarketDescriptionCommissionMinimum transaction
United StatesUSD-demoninatedUSD 0.02USD 1.0
Europe (ex. Germany and France)EUR-demoninated0.15 % of trade valueEUR 1.0
Europe (ex. Germany and France)USD-demoninated0.15 % of trade valueUSD 1.0
Europe (ex. Germany and France)CHF-demoninated0.15 % of trade valueCHF 1.0
Germany and FranceEUR-demoninated0.1 % of trade volumeEUR 1.0
United KingdomGBP-demoninated0.1 % of trade volumeGBP 1.0
United KingdomEUR-demoninated0.1 % of trade volumeEUR 1.0
United KingdomUSD-demoninated0.1 % of trade volumeUSD 1.0

Withdrawal fees

Making a deposit with Admiral Markets is always free of charge. When it comes to the withdrawal of money, that is not always the case. Depending on the payment method fees can be charged on the transaction. While withdrawing money via bank transfer, PayPal, Skrill, and Neteller are free of charge two times a month, fees occur when withdrawing money via bank transfer. How high the fee depends on the country the money is supposed to be transferred to.

Payments in EUR toward European Union1 EUR
Payments in GBP toward United Kingdom1 GBP
Payments in BGN toward Bulgaria2 BGN
Payments in CZK toward Czech Republic30 CZK
Payments in HUF toward Hungary300 HUF
Payments in PLN toward Poland5 PLN
Payments in RON toward Romania5 RON
Admiral Markets ewallets
Admiral Markets ewallets

Inactivity fees

When traders don’t use their account in a while, the account still needs to be managed by Admiral Markets. For this, the broker raises a fee every month an account is unused. The broker is still very nice to its customer. While many brokers raise a fee after only six month of inactivity, Admiral Markets only charges a fee after being inactive over 24 month straight. Moreover the fee is only charged, when the account balance is greater than zero. The raised fee is 10 EUR per month.

ECN trading from 0 pips

The ECN broker Admiral Markets is one of the providers who, among other things, provide a so-called ECN account for foreign exchange trading. In this case, traders can already trade at interbank spreads from zero pips, so that no fees are charged in this area. Furthermore, this Admiral.Prime account is characterized by ECN order execution without any requests. The minimum deposit is $1,000 and this account can be used to trade foreign exchange as well as gold and silver CFDs. If the Admiral.Markets Basic Account is sufficient for you, which is probably especially true for newcomers, you can trade at narrow forex spreads without commissions.

The spreads are variable with the broker and usually start from 0.8 pips. This basic account can already be used with a minimum deposit of 100 USD and here too the trader benefits from an order execution without requests. Currently, 31 currencies, seven commodity CFDs, and 17 index CFDs can be traded via the Admiral Markets Basic Account. Although this selection is not too large, it should be sufficient for most traders. The maximum leverage on this account is 1:500, while the Admiral Prime account has much lower leverage of 1:200.

Admiral Markets CFD spreads
Admiral Markets CFD spreads

The broker also charges Admiral Markets for financing costs if currency positions are held overnight. The interest rate used as a basis for the corresponding positions is within the usual range. You can avoid the financing costs by taking care not to hold a position for more than one day. Sometimes, however, this is not advisable from a strategic point of view because it may result in losses. Since the financing costs are, of course, related to the year, they represent only a relatively small cost factor if you hold the position for only a few days or even a few weeks.

Conclusion on the costs with the broker Admiral Markets

The overall conclusion on the costs incurred when trading via the broker Admiral Markets is positive. These are the usual cost factors, in particular spreads, commissions, and financing costs, which you will also find with other brokers. With the Admiral.Prime account you can even trade from 0 pips spreads and thus theoretically free of charge. However, the spreads on the normal account are also quite acceptable at just over 1 pip in the EUR/USD or 1 point in the DAX30 CFD, for example.

The spread on the DowJones which can be traded at Admiral Markets during the main trading hours starting at a spread of 1 point can stand out positively. There are deposit methods available, which do not incur any costs. You only have to expect fees from the third payout per month, as only one payout method is available and it is only free for the first two payouts per month.

Read our other articles about Admiral Markets:

Leave a Reply

Your email address will not be published. Required fields are marked *