Unveiling Admirals: A Comprehensive Review for Day Traders Worldwide

As a professional trading broker reviewer at DayFunded, I am always on the lookout for good trading platforms that offer excellent service, competitive features, and robust regulatory compliance. Today, I'll take you through an in-depth review of Admirals, a broker that has steadily maintained a high ranking in the industry despite the highly competitive nature of the business.

General Information

Our subject for today, Admirals, alternatively known as Admiral Markets Group, is a noteworthy broker with a rich history. The company was founded in 2001, which means it has two decades of experience serving traders from all over the world. This long-standing presence in the market increases its reliability.

With sister companies like Admiral Markets UK Ltd, Admiral Markets Cyprus Ltd, Admiral Markets Pty Ltd, and Aglobe Investments Ltd, Admirals has a solid background and a considerable reach. Unfortunately, despite its diverse network, it does not cater to US traders.

The broker has commendable features, like trading by phone, free education for trader enhancement, and segregated accounts for secure trading. In addition, it offers a MAM (Multi-Account Manager) system, PAMM accounts, trading contests, and bonuses that make trading both beneficial and exciting.

Economical Account Requirements

A great start point for new traders, Admirals has a very reasonable minimum account size requirement of just $100. The minimum position size allowed by this broker is also as low as 0.1, providing flexibility for traders to manage and control their trading risks efficiently.

Reliable Regulation and Security

Talking about regulations, Admirals is a serious contender affirmatively answering to that — Yes, it is regulated. The regulation commitment shows the broker's willingness to create a fair and trustworthy trading environment for their users.

Dealing Conditions

Admirals remains a tough competitor in terms of dealing conditions, offering a relatively low spread. The higher the spread, the more you'll have to make to break even, so a low spread is a good thing for traders. They also offer a max leverage, although it wasn't clear at the time of review. Please remember, while leverage can amplify profits, it can also multiply your losses, so trade cautiously.

The Final Verdict

Overall, based on criteria such as general information, dealing conditions, and regulatory status, Admirals gets an average rating of 7.3/10. This score underpins the broker's trustworthiness, commitment to user education, and dedication to offering affordable trading.

Nonetheless, constantly assess your personal risk tolerance and investment goals, and consider talking to a trusted financial advisor before you start trading.

(Note: Information is accurate at the time of writing but could change. Always verify the current broker features and policies before investing.)