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Admiral Markets Card: What Is It and How to Get One

Admiral Markets launched its physical and virtual cards in February 2021. The card is available for its CySEC-licensed Admiral Markets Cyprus Ltd unit. With this card, clients can manage their Trader’s Room accounts seamlessly and fund their wallets with ease. In this article, we will discuss everything you need to know about the Admiral Markets card. 

What is the Admiral Market Card

The Admiral Markets card is an innovative Visa debit card you can use in virtual and physical form, in sync with your Admirals account. It works together with the Admiral Markets wallet, which you can access via the Admiral Markets app, and is connected to the Trader’s room. The card is just like any debit card. It is available in black and white colors, based on preference, and you can use it for online and physical activities, including payments, transfers, withdrawals, and purchases. 

Who Can Get the Admiral Market Card

The physical and virtual card is available to private entity clients of Admirals Cyprus Ltd who are at least 18 years old. Apart from this, customers who have an EEA residency are eligible for the card. An eligible customer can obtain one virtual or physical card, both of which works. Admirals customers that have passed the full KYC process can also obtain the card. In simpler terms, you must have an account with Admiral Markets to get the Admiral Markets card.

Admiral Market Card Benefits

Customers can use the virtual card for any activity within their trader’s room dashboard and online purchases. You can also use it for any real-life business anywhere in any place that accepts Visa. This includes online and physical stores anywhere in the world. The Admirals card currency is in Euro, and the maximum balance is €12,000.00. You can top up your card anytime you want using various methods. 

You can use the card to automatically invest funds in your trading account. Apart from this, you can initiate instant transfers from your cards or wallet and invest in over 3,000 financial instruments. You can also connect your Admiral Markets card to Samsung Pay and Google Pay by adding it as you would a usual card.  

Benefits

  • Transfer - Useful for transferring into another currency at interbank exchange rates without paying bank fees.
  • Management fees - No hidden management fees on the virtual card but the physical card costs €2 monthly.
  • Charges - The physical card costs a one-time fee of €10 upon issuing
  • Worldwide usage - You can use the card as a Visa Card anywhere, physically and online.
  • Compatibility - The card is compatible with Samsung Pay, Apple Pay, and Google Pay.

How to Get the Admiral Markets Card

To obtain either the physical or virtual card, you must pass the full KYC process. The process includes submitting all documents required to verify your proof of address and identity. 

Log into your Admirals dashboard with 2-factor authentication and locate the card module. Then, click on ‘get the card’. Before generating the virtual card, you must add funds with a top-up using a third-party payment method like your wallet, existing credit card, or wire transfer. If you want a physical card, request it within the same dashboard of your account. However, be sure to check if the address is correct to avoid a delay in your delivery. 

Admiral Market Card Fees

Monthly maintenance fee: €2.00

Total annual fee: €24.00 

Physical card issuance: €10.00 per card. However, it is free for wallet balances over €5000

Debit card replacement: €10.00

 For other fees, check out this article.

Conclusion

The Admiral Markets card is designed to make life easier for customers. The card is sleek and impressive and functions like any other debit card. This innovation sets the Admirals Markets apart from others as not every platform offers a card function. Now, you can manage your funds, spend, or invest more conveniently. To find out more about this broker, read our Admiral Markets review.

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