Compare Admiral Markets vs Forex.com
What is Admiral Markets? What is Forex.com?
Admiral Markets is a global online broker that offers trading services in forex, CFDs, stocks, ETFs, commodities, cryptocurrencies and more. Admiral Markets was founded in 2001 and is regulated by several authorities, including the UK’s FCA, Australia’s ASIC, Cyprus’ CySEC and Canada’s IIROC. Admiral Markets has over 50,000 clients worldwide and offers access to over 6,900 trading instruments across various platforms, including MetaTrader 4, MetaTrader 5 and MetaTrader Supreme Edition.
Forex.com is a global online broker that specializes in forex and CFD trading. Forex.com was founded in 1999 and is regulated by several authorities, including the US’s CFTC and NFA, the UK’s FCA, Australia’s ASIC, Japan’s FSA and Singapore’s MAS. Forex.com has over 200,000 clients worldwide and offers access to over 5,500 trading instruments across various platforms, including its own proprietary platform, MetaTrader 4 and MetaTrader 5.
Admiral Markets vs Forex.com Regulation Comparison
Both Admiral Markets and Forex.com are highly regulated brokers that hold multiple licenses from reputable authorities. However, Forex.com has a slight edge over Admiral Markets in terms of the number and quality of its licenses. Forex.com holds 7 global Tier-1 licenses (the highest level of trust), while Admiral Markets holds 4. Forex.com also holds 1 global Tier-2 license (average level of trust), while Admiral Markets holds 2. Neither broker holds any Tier-3 license (low level of trust).
| Broker | Tier-1 Licenses | Tier-2 Licenses | Tier-3 Licenses |
|---|---|---|---|
| Forex.com | 7 | 1 | 0 |
| Admiral Markets | 4 | 2 | 0 |
Some of the Tier-1 licenses that Forex.com holds are from the US (CFTC and NFA), Japan (FSA), Singapore (MAS) and Switzerland (FINMA), which are considered to be some of the most stringent regulators in the world. Admiral Markets does not hold any license from these jurisdictions.
Admiral Markets vs Forex.com Trading Assets Comparison
Both Admiral Markets and Forex.com offer a wide range of trading assets for their clients, including forex, CFDs, stocks, ETFs, commodities, cryptocurrencies and more. However, Admiral Markets has a slight edge over Forex.com in terms of the number of tradeable symbols it offers. Admiral Markets offers access to over 6,900 trading instruments across various asset classes, while Forex.com offers access to over 5,500 trading instruments.
| Broker | Tradeable Symbols |
|---|---|
| Admiral Markets | 6,942 |
| Forex.com | 5,500 |
Some of the asset classes that Admiral Markets offers that Forex.com does not are bonds, indices futures and options.
Admiral Markets vs Forex.com Trading Fees Comparison
Both Admiral Markets and Forex.com charge competitive fees for their trading services, but the exact fees may vary depending on the account type, platform, asset class and market conditions. Generally speaking, both brokers charge a combination of spreads (the difference between the bid and ask prices) and commissions (a fixed fee per trade or per lot) for their trades.
Admiral Markets offers four main account types: Trade.MT4, Trade.MT5, Zero.MT4 and Zero.MT5. The Trade accounts have no commissions but higher spreads, while the Zero accounts have lower spreads but charge commissions. The average spread for EUR/USD on the Trade accounts is 0.6 pips, while on the Zero accounts it is 0.1 pips. The commission for the Zero accounts is $3 per lot per side.
Forex.com offers three main account types: Standard Account, Commission Account and Direct Market Access (DMA) Account. The Standard Account has no commissions but higher spreads, while the Commission Account has lower spreads but charges commissions. The DMA Account has variable spreads and commissions based on market liquidity and depth. The average spread for EUR/USD on the Standard Account is 1 pips, while on the Commission Account it is 0.2 pips. The commission for the Commission Account is $5 per lot per side.
Admiral Markets has lower spreads and commissions than Forex.com for the EUR/USD pair. However, the fees may vary for other currency pairs and asset classes, so it is advisable to check the broker’s website for the latest and most accurate information.
Admiral Markets vs Forex.com Account Types Comparison
Both Admiral Markets and Forex.com offer different account types to suit the needs and preferences of different traders. However, Admiral Markets has more account options than Forex.com, as it offers four main account types (Trade.MT4, Trade.MT5, Zero.MT4 and Zero.MT5) and two additional account types (Invest.MT5 and Islamic Account). Forex.com only offers three main account types (Standard Account, Commission Account and DMA Account) and one additional account type (Islamic Account).
The main differences between the account types are the platforms, fees, minimum deposits, leverage, execution types and available instruments.
Admiral Markets vs Forex.com Deposit Options Comparison
Both Admiral Markets and Forex.com offer various deposit and withdrawal options for their clients, including bank wire transfer, credit/debit cards, e-wallets and local payment methods. However, the availability and fees of these options may vary depending on the country, currency and account type of the client .
Admiral Markets does not charge any fees for deposits or withdrawals, except for bank wire transfers, which may incur fees from the intermediary banks. Admiral Markets also offers one free withdrawal per month for each client, and charges a fee of 1% (minimum $1) for any subsequent withdrawals within the same month.
Forex.com does not charge any fees for deposits, but may charge fees for withdrawals depending on the method and amount. Forex.com also has a minimum withdrawal amount of $100 or equivalent for all methods except bank wire transfer, which has no minimum amount.
Admiral Markets vs Forex.com Trading Platforms Comparison
Both Admiral Markets and Forex.com offer various trading platforms for their clients, including web-based, desktop and mobile platforms. However, Admiral Markets has more platform options than Forex.com, as it offers MetaTrader 4, MetaTrader 5 and MetaTrader Supreme Edition across all devices. Forex.com only offers its own proprietary platform and MetaTrader 4 across all devices, and MetaTrader 5 only on desktop .
MetaTrader 4 and MetaTrader 5 are popular and widely used trading platforms that offer advanced charting tools, technical indicators, automated trading systems (Expert Advisors), market news and analysis, and more. MetaTrader Supreme Edition is an exclusive plugin for MetaTrader 4 and MetaTrader 5 that enhances the platforms with additional features such as mini terminal, trade terminal, sentiment trader, correlation matrix, tick chart trader and more.
Forex.com’s proprietary platform is a user-friendly and customizable platform that offers advanced charting tools, technical indicators, trading strategies, market news and analysis, integrated trading signals from Trading Central and Autochartist, and more.
Admiral Markets vs Forex.com Analytical Tools Comparison
Both Admiral Markets and Forex.com offer various analytical tools for their clients, including market news and analysis, trading signals, economic calendar, market sentiment, technical analysis and more. However, the quality and quantity of these tools may vary depending on the platform, account type and subscription of the client.
Admiral Markets offers a range of analytical tools for its clients, such as:
- Premium Analytics: a service that provides access to exclusive market news and analysis from Dow Jones Newswires, Trading Central and Acuity Trading
- MetaTrader Supreme Edition: a plugin for MT4 and MT5 that adds additional features such as sentiment trader, correlation matrix, tick chart trader and more
- Trading Calculator: a tool that allows clients to calculate the margin, profit, swap and pip value of their trades
- Volatility Protection: a service that allows clients to adjust their order execution settings to avoid slippage, requotes and market gaps
Forex.com offers a range of analytical tools for its clients, such as:
- Trading Central: a service that provides access to integrated trading signals from Trading Central and Autochartist on the Forex.com platform
- Market Analysis: a service that provides access to daily market news and analysis from Forex.com’s in-house team of experts
- Economic Calendar: a tool that allows clients to view the upcoming economic events and their impact on the markets
- Market Sentiment: a tool that allows clients to view the percentage of Forex.com clients who are long or short on each instrument
Both brokers offer useful and comprehensive analytical tools for their clients. However, Admiral Markets has an edge over Forex.com in terms of the variety and exclusivity of its tools, such as Premium Analytics and MetaTrader Supreme Edition. Forex.com has an edge over Admiral Markets in terms of the integration and accessibility of its tools, such as Trading Central and Market Sentiment.
Admiral Markets vs Forex.com. Which forex broker is better? Which forex broker should you choose?
Choosing the right broker depends on your personal preferences, trading style, goals and needs. However, you can compare the pros and cons of each broker and make an informed decision.
Some factors that you may want to consider are:
- Regulation: Forex.com has more high quality licenses than Admiral Markets, which can give you more confidence and protection when trading with them
- Trading Assets: Admiral Markets has more tradable symbols than Forex.com, which can give you more opportunities and variety when trading with them
- Trading Fees: Admiral Markets has lower spreads and commissions than Forex.com for the EUR/USD pair, which can save you some costs when trading with them
- Account Type: Admiral Markets has more account options than Forex.com, which can give you more flexibility and customization when trading with them.
- Deposit and Withdrawal Options: Admiral Markets does not charge any fees for deposits or withdrawals, except for wire transfers, while Forex.com may charge withdrawal fees depending on the method and amount.
- Trading Platforms: Admiral Markets has more platform options than Forex.com, as it offers MT4, MT5 and MTSE on all devices, while Forex.com only offers its own platform and MT4 on all devices and desktop MT5 only
- Analytical Tools: Admiral Markets has a wider range of exclusive tools, such as Premium Analytics and MTSE, while Forex.com has more integrations and accessibility with its tools, for example. as Trading Center and Market Psychology
- In the end, the choice is yours. You may want to try the demo accounts of both brokers to test their platforms, services and features before opening a real account. You may also want to read some reviews from other traders who have experience with both brokers to get their feedback and opinions.
