Admirals is a well-established and globally regulated Forex and CFD broker, supporting over 8,000 financial instruments via the MetaTrader 4 and MetaTrader 5 platforms. Potential customers are welcome to learn more about the spreads and commissions charged by this broker. In addition to spreads and commissions, we will consider other trading costs such as swap fees and any non-trading fees, including deposit, withdrawal fees, and inactivity fees. Depending on your trading preferences and the account type you opt for, you will be able to calculate your trading costs prior to opening a live trading account. So, without further ado, let us examine the price of trading with this premier brand.
Admirals Trading Costs
Admirals offers two types of trading accounts: Trade and Zero. On the MetaTrader 5 platform, the accounts are Trade MT5 and Zero MT5, and on the MetaTrader 4 platform, Trade MT4 and Zero MT4. While these account types share some common characteristics, such as minimum deposit requirements, minimum and maximum order sizes, and the maximum number of allowed open and pending orders, they offer different pricing structures, catering to varying trading preferences.
Admirals’ Standard accounts, Trade MT5, and Trade MT4 use a spread-based pricing structure, incorporating all trading costs into the spread. Trading major currency pairs, for example, involves spreads starting from 0.5 pips for both platforms. The primary distinction is the number of available forex trading instruments: 80 for the MT5 platform and 37 for the MT4 platform. Commissions for these accounts are waived, except for Single Share and ETF CFDs – from 0.02 USD per share.
Admirals’ Zero MT5 and Zero MT4 accounts offer spreads starting from 0.0 pips and commissions based on traders’ monthly volume, meaning that active traders pay less. The commissions for Forex and Metals vary from 1.80 to 3.00 USD per 1.0 lot traded. In the table below, traders can check out the roundtrip commission rates based on account currency and the monthly trading volume.
| Zero MT5 and MT4 Account Roundtrip Commission Rates Based on Account Currency | |||
|---|---|---|---|
| Base Currency | Monthly Volume, USD | ||
| Up to 10,000,000 | 10,000,000 – 50,000,000 | Over 50,000,000 | |
| USD | 6.0 | 4.8 | 3.6 |
| EUR | 5.2 | 4.2 | 3.2 |
| GBP | 4.8 | 3.8 | 2.8 |
| CHF | 6.0 | 4.8 | 3.2 |
| PLN | 24.0 | 18.0 | 14.0 |
| AUD | 8.0 | 6.8 | 5.0 |
To help traders comprehend the related traded costs more easily, we can take as an example trading 1 standard lot of the EUR/USD pair, considering 1 pip equals $10. For the EUR/USD pair, Admirals offers a typical spread of 0.8 pips for the Trade MT5 and Trade MT4 accounts. The typical spread for the same pair for the Zero MT5 and Zero MT4 accounts would be 0.1 pips, plus a commission of $3.00 per lot per single side. To sum up, the trading costs for both account types would be as follows:
Admirals’ Trade MT5 and Trade MT4 Accounts:
Spread: 0.8 pips
Total Cost: 0.8 x $10 = $8 per side or $16.0 roundtrip trade of 1 standard lot
Admirals’ Zero MT5 and Zero MT4 Accounts:
Spread: 0.1 pips
Spread Cost: 0.1 x $10 = $1 per side or $2 roundtrip trade of 1 standard lot
Commission: $3.0 per side
Total Cost: ($1)x2 + ($3.0)x2 = $2 + $6 = $8.0 roundtrip trade of 1 standard lot
Now that we have calculated the total costs related to both account types, Admirals’ Trade and Zero accounts, we can see that the second type, the Zero MT5 and Zero MT4 accounts offer more favorable trading conditions despite the fact that commissions are added to the spread costs.
The table below shows the total trading costs for several popular currency pairs with Admirals’ Trade MT5 and Trade MT4 accounts, which feature $0 commissions on trades. The costs indicated below are per side of the trade for Micro and Standard trading lots.
| Average Spread Costs with Admirals’ Trade MT5 & MT4 Accounts | ||||
|---|---|---|---|---|
| Currency Pair | Spread (in pips) | Commission per side | Cost per Micro Lot | Cost per Standard Lot |
| EUR/USD | 0.8 | $0 | $0.08 | $8.00 |
| USD/JPY | 1.0 | $0 | $0.064 | $6.46 |
| EUR/GBP | 1.0 | $0 | $0.1231 | $12.31 |
| GBP/USD | 1.0 | $0 | $0.1 | $10.00 |
| AUD/USD | 1.0 | $0 | $0.1 | $10.00 |
| USD/CAD | 1.6 | $0 | $0.109 | $10.90 |
| USD/CHF | 1.2 | $0 | $0.131 | $13.13 |
| AUD/CAD | 2.8 | $0 | $0.191 | $19.10 |
| NZD/USD | 1.9 | $0 | $0.19 | $19.00 |
*Currency pairs’ trading cost is expressed in USD
We will now explore Admirals’ trading costs for the same currency pairs with the Zero MT5 and Zero MT4 Accounts per standard and micro lots traded on a single side of the trade.
| Average Spread Costs with Admirals’ Zero MT5 & MT4 Accounts | ||||
|---|---|---|---|---|
| Currency Pair | Spread (in pips) | Commission per side | Cost per Micro Lot | Cost per Standard Lot |
| EUR/USD | 0.1 | $0.03/$3.00 | $0.044 | $4.0 |
| USD/JPY | 0.3 | $0.03/$3.00 | $0.049 | $4.94 |
| EUR/GBP | 0.6 | $0.03/$3.00 | $0.104 | $10.4 |
| GBP/USD | 0.6 | $0.03/$3.00 | $0.09 | $9.0 |
| AUD/USD | 0.5 | $0.03/$3.00 | $0.08 | $8.0 |
| USD/CAD | 1.1 | $0.03/$3.00 | $0.105 | $10.0 |
| USD/CHF | 0.6 | $0.03/$3.00 | $0.095 | $9.56 |
| AUD/CAD | 1.4 | $0.03/$3.00 | $0.125 | $12.55 |
| NZD/USD | 1.5 | $0.03/$3.00 | $0.18 | $18.0 |
*Currency pairs’ trading cost is expressed in USD
Admirals Overnight Funding Costs
Brokerage fees are a vital aspect of trading, and their impact on one’s profitability and performance should not be disregarded. The amounts will vary between different brokers and asset classes. Other than spreads and commissions, which we considered closely in the previous section of this article, there are other brokerage fees traders need to be aware of.
Swaps are a common type of brokerage fee charged on overnight positions. Therefore, they have no impact on short-term traders such as day traders and scalpers. Swap fees are also known as rollover fees, applied to buy or sell positions from one trading day to the next, or overnight financing rates. Swap trading fees refer to interest charges that can either be debited or credited to a trading account at the close of each trading day. Based on the direction of the trade, traders may either pay these fees or receive them, which can have a substantial impact on their overall trading performance.
Swap rates charged by Admirals can be found in the Admirals MetaTrader platform, under the Market Watch section. Once users pick an instrument, they need to right-click on it and see the Contract specification page. The description window would provide information on the Swap Long and Swap Short values. Please note that these swap rates vary and depend on factors such as the instrument being traded, the contract size, and current market conditions.
For instance, the Forex swap fee for two popular pairs, EUR/USD and USD/JPY will not be the same. At Admirals, traders can use the trading calculator to check the swap fees for a particular trade. They need to fill in main parameters such as instrument, lot, leverage, and account base currency, and optional parameters such as open and close price and the position taken (long or short).
Additionally, traders should consider the 3-day swap, which is a triple-sized swap charged or credited on account of weekend days when markets are closed. For Forex pairs, Admirals’ 3-day swaps are charged or credited usually on Wednesdays.
Below, we provide information on Admirals’ swap rates on several popular Forex pairs. As noted above, these rates are subject to change and may not reflect the current rates.
| Swap Rates on Popular Forex Pairs (standard lot size) | |||
|---|---|---|---|
| Symbol | Base Currency | SWAP Value (Long), Pips | SWAP Value (Short), Pips |
| EUR/USD | USD | -1.175 | -0.309 |
| USD/JPY | USD | 1.039 | -2.727 |
| EUR/GBP | USD | -1.04 | -0.154 |
| GBP/USD | USD | -0.249 | -0.543 |
| AUD/USD | USD | -0.552 | -0.17 |
| USD/CAD | USD | 0.037 | -1.072 |
| USD/CHF | USD | 0.354 | -1.468 |
| AUD/CAD | USD | -0.191 | -0.572 |
| NZD/USD | USD | -0.221 | -0.158 |
Swap-Free Trading Costs at Admirals
Admirals offers swap-free Forex accounts, enabling Islamic traders to trade on the standard terms without paying or receiving interest fees. The swap-free account is available on the Trade MT5 account. It features the same tight spreads, fast execution, and advanced trading technology for a wide range of instruments, including digital currency pairs, commodities, indices, ETFs, bonds, and shares, with the exclusion of Exotic currency pairs and digital currencies.
At Admirals, a flat administration fee applies on trades open with a holding period of more than 3 days. Admirals’ transparent pricing policy enables Islamic traders to check the Swap-free Account administration fees applied to their trades.
| Admirals’ Swap-free Account Administration Fees | ||
|---|---|---|
| Currency Pair | Administration Fee Start Day | Administration Fee in USD (per lot) |
| EUR/USD | 3 | $11 |
| USD/JPY | 3 | $25 |
| EUR/GBP | 3 | $11 |
| GBP/USD | 3 | $5 |
| AUD/USD | 3 | $5 |
| USD/CAD | 3 | $9 |
| USD/CHF | 3 | $21 |
| AUD/CAD | 3 | $4 |
| NZD/USD | 3 | $2 |
Admirals Non-Trading Costs
Thus far, we have covered all Admirals’ trading fees. However, to give traders the full picture of the costs they would expect, we should also review the broker’s non-trading costs.
Starting with deposits, there are no additional fees for transferring funds to one’s trading account on behalf of the broker. The first withdrawal request within one month is also fee-free. Subsequent withdrawals, via different banking methods such as bank transfers, bank cards, and e-wallets like Skrill, however, incur a fee, indicated in the table below.
Opening an account with Admirals is completely free of charge. Traders should note that an inactivity fee of 10 EUR applies to accounts that have not been active in the last 24 months.
Admirals’ VPS Hosting Subscription is free for clients maintaining live account equity exceeding 5,000 EUR (or currency equivalent). Customers’ eligibility for access to this service is assessed at the end of each calendar month.
| Admirals Non-Trading Costs | |
|---|---|
| Deposit Fees | Free |
| Withdrawal Fees | 1 free withdrawal request every month Subsequent withdrawal requests:
|
| Account Opening Fee | Free |
| Inactivity Fee | 10 EUR (per month)
|
| Currency Conversion Fee | 0.3% |
| VPS Hosting Subscription | Free for clients maintaining live account equity of 5,000 EUR or currency equivalent. |
Closing Thoughts on Admirals Fees
Overall, Admirals is a globally recognized trading company that provides a diverse range of financial products, accompanied by competitive trading conditions that cater to various trading needs. The company offers a transparent pricing structure, where traders can choose from competitive spreads or zero spreads plus a commission, depending on the account type they select. In terms of funding, deposits are free of charge, while withdrawals are also free for the first request within a month, with subsequent withdrawals incurring a fee. However, traders should be aware that an inactivity fee of $10 will be applied to accounts with a balance greater than zero if no trading activity occurs within 24 months. Additionally, overnight financing fees are applicable and vary based on several factors, including market conditions and instrument type. Nevertheless, Admirals’ transparent and competitive fee structure, combined with its favorable trading conditions, make it an attractive choice for traders of all experience levels and strategies, from beginners to seasoned professionals.
