Is Admiral Markets available in India?
First things first, many locals ask about the availability of Admiral Markets, and the answer is yes, Admiral Markets opens trading accounts for clients who live in India. Very likely your next question will be: And is it legal? Well, it is not.
SEBI (Securities and Exchange Board of India) forbids Indian citizens to conduct Forex transactions in Indian territory through international Forex trading platforms (According to a notice issued by the Reserve Bank of India in 2013), to minimize the risk Forex Trading bears.
However, if Forex transactions are carried out through a designated Forex trading platform and the base currency is INR (Indian Rupee), the transaction is legal. In short, the Indian government restricts the transactions of Indian residents and can only trade currency pairs based on Rupee.
Long story short, this means that, although you may open an account from India with a foreign-based broker like Admiral Markets, it would be illegal.
What is Admiral Markets?
Admiral Markets is one of the largest Forex and CFDs trading platforms worldwide, offering many financial instruments through the popular Metatrader platforms.
Admiral Markets is a global, multi-awarded Broker and highly regulated by 3 of the most strict government entities responsible for the financial entities' regulation (more info below). The company has offices in 16 countries, and clients based in more than 110 countries use Admiral's platforms. Considering that the company has been operating in the Forex and CFDs market for almost 20 years, it's one of the best options to invest in financial instruments.
Forex Pairs & CFDs available at Admiral Markets
Forex: +50 currency pairs – Majors, minors, and exotics.
Shares: +3352 CFDs on Shares from US, UK, and European Stock Exchanges.
ETFs: +379 CFDs on ETFs from iShares, Lyxor, Invesco, UBS, Vanguard, among other asset managers.
Commodities: +28 CFDs on several commodities (Metals and Energy).
Indices: +43 CFDs on major Stock Exchanges Indices.
Cryptocurrencies: Admiral Markets offers several Cryptos, available to be purchased with Fiat money. It also provides the possibility of trading cryptocurrency pairs.
Bonds: +2 CFDs on US (US 10Yr T-Note) and Germany's (Bund) sovereign bonds.
Is Admiral Markets a trustworthy broker?
A way to check if a Broker is reliable and trustworthy is through the Public entities that regulate its operations. In other words, if a government entity considered as Top Tier worldwide is the Broker's watchdog, it is an excellent indicator to demonstrate that it is safe to deposit funds and operate with the platform. Three of the world's strictest supervision authorities regulate and supervise Admiral Markets:
Admiral Markets Pty Ltd (ABN 63 151 613 839) holds an Australian Financial Services Licence (AFSL) to carry on financial services business in Australia, limited to the financial services covered by its AFSL no. 410681. The information on the Admiral Markets Pty Ltd's website (www.admiralmarkets.com.au) is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Admiral Markets UK Ltd is authorized and regulated by the Financial Conduct Authority (FCA), FRN: 595450, and is allowed to hold Client Money under the FCA CASS rules. Admiral Markets UK Ltd is a sister company of Admiral Markets AS (Estonia).
Admiral Markets AS is licensed and authorized by the Estonian Financial Supervision Authority (EFSA license № 4.1-1/46) for main investment and brokerage activities in the European Union and European Economic Area (EEA) cross-border basis.
Admiral Markets Cyprus Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC), with license number 201/13, the supervisory and regulatory body for Cyprus's investment services firms. Admiral Markets Cyprus Ltd is a sister company of Admiral Markets AS (Estonia) who acts as a White Label service provider.
Bearing in mind that Admiral Markets is a broker regulated by very strict government entities (by the British FCA particularly), we can assume that it is a reliable firm since they have to comply with strict regulations.
Trading Platforms available with Admiral Markets
MT4 is one of the most widely used [and complete] platforms to trade Forex. MT4 connects different Brokers to get the best prices available.
MT5 is probably one of the most advanced platforms to trade in Forex. Like MT4, it connects different Brokers to get the best available prices among many Brokers and investors. MT5 enables Admiral Markets' clients to trade many CFD instruments from other asset classes, including currency pairs, commodities, stocks, indices, and cryptocurrencies, all available in one single platform with no strategy restrictions, minimal slippage, and ultra-fast order execution.
MetaTrader Supreme Edition
"Supreme Edition" is a select plugin developed by Admiral Markets to operate on MT4 and MT5 platforms, which adds +60 features to the original MetaTrader terminals, among which are:
Global Opinion: This shows the current trading sentiment of investors worldwide with regards to each financial instrument.
Mini Terminal: Handy tool to open and manage positions in a simple way.
Trade Terminal: Tool that allows efficient management of all accounts and orders from a single terminal.
Real-Time News: Added within the MetaTrader platform.
Indicator Package: An extensive collection of new indicators added to the existing ones.
Trade with comfort on any device with Admiral Markets
How to Open a Trading Account with Admirals
Opening an investment account with Admirals is a process that is completed online and requires:
Register, and upload an ID and a proof of address (electricity, water bills, etc.) through the Broker's App.
Once their administration team approves your account, it's time to deposit cash. The depositing and withdrawing money methods are usually Credit Cards, Bank Transfers or eWallets (like Skrill or Neteller).
Once Admiral applies your funds to the account, you are ready to trade.
Admiral Markets' Account Types
Admiral Markets offers four account types, named Trade.MT4, Zero.MT4, Trade.MT5, Zero.MT5. The main differences lie in the trading conditions offered by the 'Zero' and 'Trade' accounts, described below:
Number of trading instruments
Spread: Zero accounts offer spread from 0 pips, Trade from 0.5.
Commissions levied when opening a trade: Transactions in Zero accounts have a commission per lot (They vary according to the instrument); the Trade account type only charges commissions for trading on CFDs on shares.
Minimum Order size
Admiral's Minimum Deposit
Opening an account with Admiral Markets requires USD 100 only.
Admiral Markets, an international, reliable and robust trading platform, provides you with live access to global markets in the form of CFDs on multiple asset classes, quickly and straightforwardly. Good luck and trade safely.
Forex Trading with Admirals: Is it legal in India?
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