Search
CloseOpen
admiral markets spread and fees
Back to blog categories

Admiral markets Spread and Fees: All the Data You Need 

Brokers allow traders open and close positions to make profits and even offer leverage so that they can open more positions than their money is worth. In return, brokers charge spreads and fees. You can say this is how they make their money. Essentially, brokers charge commissions, spreads and fees. The type applicable to each trader depends on the account type and plan. For example, a zero-spread account operates on commission, while a spread account includes deducting spreads. Let us examine Admiral Markets spreads and Admiral Markets fees below. 

Admiral Spreads by Asset Category

The spread is the difference between sale and purchase price of an asset. In forex, it is the difference between ask and bid price of a currency pair. The sales price of an asset is usually lower than the purchase price with an online broker. As a result, you will make a loss when you open a position and close it immediately. The loss is equal to the spread. 

Conversely, when you open a position that moves into profit, it must cover an amount equal to the spread before the profit reflects. The spread varies depending on the broker and market conditions. For example, you will enjoy tighter spreads during periods of high liquidity and on majors than on crosses.  

All Admiral Markets spreads are available in the contract specification section. In other words, traders can check the spread of any asset they want to trade to know the associated charges.

When trading on Admiral Markets you can also use leverage. Learn more about Admiral Markets leverage.

Some of the spreads offered include: 

  • Gold: 20 pips 
  • EURUSD: 0.6 pips 
  • NQ100: 0.8 pips 
  • SP500: 0.4 pips 
  • FTSE100: 0.8 pips 
  • DAX40: 1 pip 
  • Oil: 3 pips 
  • Bitcoin: 0.5%

The value of the spread is not always constant. Three factors that influence the spread are:

  • Market conditions: spreads are larger during periods of high volatility and macroeconomic announcements 
  • The volume of financial instrument: this does not apply to retail traders since their orders are too small to affect market price. Market makers often adjust their spreads to compensate traders that deal with large volumes for their additional risks.  
  • Asset liquidity: liquid markets have tighter spreads. Conversely, low liquidity attracts larger spreads.

Admiral Market Fees 

There are also different trading fees you must consider before placing trades. As we explained with the spreads, fees differ from one broker to another. Some admiral market fees include:

Trading Commission Transaction Fees

Brokers that offer forex ECN and STP trading accounts charge commission. This can range between $1.8 - $3 per 1 lot traded. A traditional MT4 account is commission-free since traders pay swaps and spreads. However, Admiral Markets charge a commission of a percentage of CFDs on shares and ETFs. 

Swap Trading Fees

Traders that hold their trades or positions overnight must pay swap. The swap is an interest fee that is credited or debited to you at the end of the day. Admiral Markets overnight fees is calculated based on the market you are trading. 

Inactivity Fee 

Admiral Markets charges 10 EUR monthly on the account of clients with a positive balance and who have been inactive for more than a year. If your account is not greater than zero, you don’t need to worry about the fee. Admiral Markets does not charge platform fees, account maintenance fees, and real-time data feeds. 

Currency Conversion Fee 

Admirals clients must pay for internal transfers between different trading accounts that don’t have the same base currencies. The fee is 1% of the total amount. 

Other fees you don’t have to worry about are the Admiral Markets withdrawal fees and deposit fees. In other words, you won’t need to pay anything when you deposit or withdraw from the platform. Admiral Markets offer three payment and withdrawal methods – bank transfer, Visa or Mastercard, and perfect money. Regardless of the channel, you won’t pay any fees or commissions to accounts with the same base currency. Speaking of debit cards, did you know that Admiral Markets has its own debit card?

Conclusion 

Admiral Markets offer highly competitive trading fees and low spreads you can benefit from. It offers zero spread accounts and commission-free trading, among many others. Apart from this, you can enjoy negative balance protection. 

Learn more about Admiral Markets by reading our review.

Back to blog categories