How Fees Were Assessed
We categorized the fee structure of Admirals (Admiral Markets) as low, average, or high by comparing its costs with those of all other brokers included in our analysis.
Before diving deeper, it’s useful to clarify the two main types of brokerage costs: trading fees and non-trading fees.
Trading fees apply when you place trades and may include spreads, commissions, financing (swap) charges, and currency conversion costs.
Non-trading fees cover expenses not directly linked to trading activity, such as withdrawal charges or inactivity fees.
In the sections below, we outline the most important costs for Admirals (Admiral Markets) by asset class. For example, when trading forex pairs or stock index CFDs, spreads, commissions, and financing rates are the key elements to consider.
To put these costs into perspective, Admirals (Admiral Markets) was also benchmarked against two comparable brokers, Tickmill and XM. These peers were selected based on objective criteria such as product range, typical client profile, and overall pricing model. A broader comparison with alternative brokers is also available.
To build a clear picture, we begin with trading-related costs.
Admirals (Admiral Markets) Trading Costs
Admirals (Admiral Markets) offers generally low trading fees.
Comparing CFD trading costs across brokers can be challenging, so a standardized approach was used to ensure consistency. Total costs were calculated for a representative trade across selected instruments.
The analysis focused on commonly traded products within each asset class:
Stock index CFDs: S&P 500 (SPX), EURO STOXX 50 (EUSTX50)
Stock CFDs: Apple, Vodafone
Forex pairs: EUR/USD, GBP/USD, AUD/USD, EUR/CHF, EUR/GBP
A “typical trade” was defined as opening a leveraged position, holding it for one week, and then closing it. Position sizes were set at $2,000 for stock index and stock CFDs, and $20,000 for forex trades. The assumed leverage levels were:
These benchmark calculations include spreads, commissions, and financing charges across all brokers, allowing for a fair comparison.
CFD Fees
Overall, Admirals (Admiral Markets) offers competitively low CFD trading fees, broadly in line with those of its closest rivals.