Dive into our comprehensive comparison of FP Markets and Admiral (formally Admiral Markets). We cover everything from trading costs to platforms, helping you make an informed choice.
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FP Markets and Admirals are both reputable forex brokers, but they differ in several key areas. FP Markets is known for its low spreads and direct market access, while Admirals stands out with its advanced trading platforms and comprehensive educational resources. Both brokers offer a range of account types, trading platforms, and instruments, but the choice between the two often comes down to individual trading needs and preferences.
Trading costs can significantly impact your profitability in forex trading. Let’s break down the costs associated with FP Markets and Admirals.
When it comes to the standard account spreads, there’s a clear distinction between the brokers. FP Markets and Admirals both offer competitive spreads, but there are some differences that are worth noting.
FP Markets has a consistent spread across most forex pairs, with the exception of USD/CAD and AUD/JPY which are slightly higher. This consistency can be beneficial for traders who trade a variety of pairs, as it provides a level of predictability in trading costs. However, when compared to the industry average, FP Markets’ spreads are generally lower, which is a positive sign.
Admirals, on the other hand, offers some of the lowest spreads in the industry, particularly for EUR/USD, USD/JPY, GBP/USD, and AUD/USD. This makes Admirals an attractive choice for traders who primarily trade these pairs. However, their spread for AUD/JPY is significantly higher than both FP Markets and the industry average, which could be a deterrent for traders who frequently trade this pair.
| Forex Pair | FP Markets | Admirals | Industry Average |
|---|---|---|---|
| EUR/USD | 1.1 | 0.6 | 1.35 |
| USD/JPY | 1.3 | 1 | 1.54 |
| GBP/USD | 1.3 | 1 | 1.68 |
| AUD/USD | 1.3 | 1 | 1.63 |
| USD/CAD | 1.5 | 1.6 | 1.93 |
| EUR/GBP | 1.3 | 1 | 1.69 |
| EUR/JPY | 1.5 | 1.5 | 2.04 |
| AUD/JPY | 1.6 | 2.2 | 2.31 |
Standard Account Analysis Updated September 2023[1]September 2023 Published And Tested Data
In my opinion, while both brokers offer competitive spreads, Admirals seems to have the edge for traders who focus on the major pairs. However, for those who trade a wider variety of pairs, FP Markets’ consistency could be more appealing. It’s also important to note that both brokers offer spreads that are generally lower than the industry average, which is a testament to their competitiveness in the market.
FP Markets charges a commission of $7 per lot on its RAW account, while Admirals charges a slightly higher commission of $8 per lot.
Both FP Markets and Admirals do not charge any fees for deposits and withdrawals. However, it’s important to note that your bank or payment provider may charge a fee.
Neither FP Markets nor Admirals charge inactivity or account maintenance fees, making them both cost-effective options for traders.
Verdict: Based on our exclusive research on standard spreads and commissions, FP Markets has the edge in terms of trading costs. However, both brokers offer competitive pricing structures that cater to different trading styles and volumes.
| Criteria | FP Markets | Admirals |
|---|---|---|
| Spreads | From 0.0 pips | From 0.5 pips |
| Commissions | $7 per lot | $8 per lot |
| Deposit & Withdrawal Fees | No | No |
| Other Fees | No | No |
The trading environment is a crucial factor that can significantly impact your trading experience and performance. Our research on execution speeds shows that both FP Markets and Admirals offer excellent trading environments with fast execution speeds and minimal slippage.
FP Markets provides a superior trading environment with its IRESS platform, offering direct market access and advanced trading tools. On the other hand, Admirals stands out with its MetaTrader Supreme Edition, offering advanced features like a correlation matrix, market sentiment, and trading central.
Verdict: Both brokers offer excellent trading environments, but FP Markets’ IRESS platform and direct market access give it a slight edge over Admirals.
| Criteria | FP Markets | Admiral Markets |
|---|---|---|
| Execution Speed | Fast | Fast |
| Slippage | Minimal | Minimal |
| Trading Platform | IRESS | MetaTrader Supreme Edition |
Trading platforms are the gateway to the forex market, and the choice of platform can significantly impact your trading experience.
Both FP Markets and Admiral Markets offer MetaTrader 4 and 5, the most popular trading platforms in the forex industry. These platforms are known for their advanced charting tools, automated trading capabilities, and extensive market indicators.
FP Markets offers cTrader, a platform known for its intuitive interface and advanced order capabilities. Admiral Markets, on the other hand, does not offer cTrader but provides access to TradingView charts within its platform.
Admiral Markets offers social and copy trading through MetaTrader’s signals service, allowing traders to copy the trades of experienced traders. FP Markets does not currentlyoffer a social or copy trading service.
Both FP Markets and Admiral Markets offer VPS services for seamless and uninterrupted trading. Additionally, they provide a range of trading tools such as economic calendars, market analysis, and trading calculators.
Verdict: Both brokers offer robust trading platforms, but Admiral Markets stands out with its MetaTrader Supreme Edition and integration of TradingView charts.
| Criteria | FP Markets | Admiral Markets |
|---|---|---|
| MetaTrader 4 and 5 | Yes | Yes |
| cTrader and TradingView | cTrader | TradingView |
| Social and Copy Trading | No | Yes |
| VPS and Other Trading Tools | Yes | Yes |
FP Markets offers two main account types: the Standard Account with no commission and wider spreads, and the RAW Account with lower spreads and a commission per lot. Admiral Markets, on the other hand, offers three account types: the Trade.MT4 Account, the Zero.MT4 Account with lower spreads and a commission, and the Trade.MT5 Account.
Verdict: Both brokers offer a range of account types to suit different trading needs and preferences. However, Admiral Markets offers more variety with its three account types.
| Criteria | FP Markets | Admiral Markets |
|---|---|---|
| Account Types | Standard, RAW | Trade.MT4, Zero.MT4, Trade.MT5 |
FP Markets is regulated by the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC). Admiral Markets is regulated by multiple top-tier authorities, including the Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), and the Cyprus Securities and Exchange Commission (CySEC).
Verdict: Both brokers are highly regulated, but Admiral Markets has a slight edge with its additional regulation by the FCA.
| Criteria | FP Markets | Admiral Markets |
|---|---|---|
| Regulation | ASIC, CySEC | CySEC |
Both FP Markets and Admiral Markets offer excellent customer service with multiple channels of communication, including live chat, email, and phone support. They also provide comprehensive educational resources to help traders improve their trading skills.
Verdict: Both brokers excel in customer service, providing responsive and helpful support to their clients.
| Criteria | FP Markets | Admiral Markets |
|---|---|---|
| Customer Service | Excellent | Excellent |
FP Markets requires a minimum deposit of $100, while Admiral Markets has a higher minimum deposit requirement of $200.
Both brokers offer a range of payment methods, including credit/debit cards, bank transfer, and e-wallets like Skrill and Neteller.
FP Markets offers over 10,000 trading instruments, including forex, indices, commodities, stocks, and cryptocurrencies. Admiral Markets offers a slightly smaller range of instruments, with over 7,500 available.
Verdict: FP Markets has a lower minimum deposit requirement and offers a wider range of trading instruments, giving it the edge in this category.
| Criteria | FP Markets | Admiral Markets |
|---|---|---|
| Minimum Deposit | $100 | $200 |
| Payment Methods | Multiple options | Multiple options |
| Trading Instruments | Over 10,000 | Over 7,500 |
Best For Beginner Traders: FP Markets, with its lower minimum deposit requirement and user-friendly platform, is an excellent choice for beginner traders.
Best For Experienced Traders: Admiral Markets, withits advanced MetaTrader Supreme Edition and comprehensive educational resources, is ideal for experienced traders.
FP Markets is a great choice for beginner traders due to its lower minimum deposit requirement and user-friendly platform.
Admiral Markets is ideal for experienced traders due to its advanced MetaTrader Supreme Edition and comprehensive educational resources.
No commission account spread propiety testing data and published wesbite spread information, centralised on our standard account spread page..
