Admiral Markets is a Forex and CFD broker operating from Australia, Cyprus, Estonia, and the UK. They operate a no-dealing-desk brokerage model and provide over 7,000 trading instruments across forex and CFD’s.
|#||Broker's Features||ADMIRAL MARKETS Availability||AVATRADE Availability|
|#||Accepts US traders||❌||❌|
|#||24 hour trading||✔||❌|
|#||Trading by phone||✔||❌|
|#||1st deposit bonus||❌||❌|
|#||Forex contests competitions||✔||❌|
|#||Interest charges on the balance||✔||❌|
|#||24 hour support||✔||❌|
The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will compare Admiral Markets vs Avatrade.
Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. Admiral Markets offers Online Financial Trading and Investment Services Such as Currencies, Gold, Silver, Indices, CFDs, Commodities, Indices, Shares, while Avatrade offers Currencies, Commodities, Indices, Stocks, Bonds, Cryptocurrency, Futures, ETFs.
Broker Type: Many types of brokers can be found in the most dynamic market in the world. Admiral Markets is ECN, STP, while Avatrade is Dealing Desk, Market Maker.
Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. Admiral Markets is regulated by ASIC, CySEC, FCA, MiFID, while Avatrade regulated by ASIC, BVI, CBI, FSCA. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.
Account currencies: Next lets consider the Account currencies each broker offers. Admiral Markets offers EUR, USD, GBP, CHF different account currencies for each account types, while Avatrade offers USD, EUR, GBP, CHF, AUD account currencies.
Languages Available: Next lets have a look at each broker's different Language options. Admiral Markets offers English, Spanish, Hungarian, Bulgarian, Czech, German, Dutch, French, Estonian, French, Greek, Latvian, Lithuanian, Moldovian, Croatian, Slovenian, Polish, Russian, Serbian, Romanian, Ukrainian, Croat, while Avatrade offers English, Italian, German, French, Greek, Hebrew, Spanish, Arabic, Malay, Russian, Chinese, Portuguese, Dutch Customer Support Languages.
Payment methods: Next lets have a look at each broker's payment options. Admiral Markets offers Credit/Debit Cards, Neteller, Skrill, Bank Wire Transfer, PayPal different payment methods for each account types, while Avatrade offers Credit/Debit Cards, Bank Transfer, PayPal, Skrill, Payoneer, Neteller payment methods.
Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, Admiral Markets makes MT4, WebTrader available to clients, while Avatrade offers ActTrader, MT4, MT5, Proprietary, Zulutrade.
There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.
Objectively, Avatrade is more reliable based on our criteria above. Avatrade offers a wider range of platforms making it easier for the traders to choose one that matches their needs most. Avatrade offers a wider range of Account currencies. Why does base currencies matter? Because if you fund your account in the same currency as your bank account, currency conversion fees won't be charged. As a market maker, Avatrade may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically has larger capital and minimum trade requirements. Market makers typically have a lower minimum deposit, smaller minimum trade requirements and no commission on trades.
AvaTrade has low trading fees. The account opening is user-friendly and fast. It offers a lot of deposit and withdrawals options and they are free of charge.
The product portfolio is limited as it offers only CFDs, forex, and cryptos. The research tools are limited as there are no trading ideas, fundamental data, or news. The telephone support is bad as they don't pick up the phone.
Finally, if you're really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable Personalised Broker based on your precise requirements here.