Admiral Markets Minimum Deposit Summary | |
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Admiral Markets Minimum Deposit | £1 |
Deposit Methods | Bank Transfer |
Account Types | Four MetaTrader 5 Accounts & 2 MT4 Accounts |
Deposit Fees | No Fees |
Account Base Currencies | GBP, USD, EUR |
Withdrawal Fees | First withdrawal is free of cost in a month. For the next withdrawals, £10 on withdrawals via Bank. 1% on other methods. |
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The minimum deposit for Admiral Markets is £1. You do not need too much money to open an account. With £1, you can open an investment account. However, the minimum deposit is higher for a forex/CFD trading account.
Admiral Markers supports 5 other accounts apart from the Invest.MT5 account. If you choose any of these other trading accounts, your minimum deposit will be higher. In addition, you should know that Admiral Markets trading accounts are are platform-based.
There are 4 accounts on MT5 and 2 accounts on MT4. We cover these accounts in detail with their minimum deposits in this article.
How Much is Admiral Markets Minimum Deposit in the UK?
Admiral Markets has different minimum deposits for their trading accounts as per our review. Your minimum deposit is determined by the trading account you choose. In total, Admiral Markets has six trading accounts. Here is a breakdown of each one.
1) Trade.MT5 Account
The minimum deposit for the Trade.MT5 Account is £250
As the name implies, this account is available on MT5 only. You can trade all of Admiral Markets CFDs on this account. Currencies, metals, energy, agriculture, index futures, commodity futures, cash index, stock, ETFs, and bonds are all available as CFD instruments.
The spread for this account begins from 0.5 pips and no commission for all CFDs except single share and ETF CFDs.
These same conditions are available on the Trade. MT4 Account. The only difference is the number of CFDs available.
2) Invest.MT5 Account
This account is not a CFD trading account. There are no derivate instruments for trading. It is an investment account. Unlike other accounts provided by Admiral Markets, only stocks (4500) and ETFs (200) are available.
The minimum deposit for the Invest.MT5 Account is the lowest of all accounts. You need only £1 to open the account. The small amount allows you to invest fractionally. This reduces the risk that comes with investing in ETFs and stocks.
You do not need any leverage for this account. Commission charges start from $0.02 per unit of stock and ETF.
3) Zero.MT5 Account
The minimum deposit for the Zero.MT5 Account is £250.
Only some of 4 groups of Admiral Markets CFDs are available for you on this account. Currencies, metal CFDs, cash index CFDs, and energy CFDs. It is a low-spread account with spreads beginning from zero. Commissions are charged on all CFDs but at different rates.
Forex and metals require a commission of 1.8 to 3.0 USD per standard lot. Commissions for cash indices ranges from 0.05 to 3.0 USD per standard lot. For energies CFDs, it is 1 USD per standard lot.
These basic condition can also be found on the Zero.MT4 Account. However, there are more instruments on Zero.MT5 Account.
4) Bets.MT5 Account
Like the Invest. MT5 Account, the Bets. MT5 Account is not a CFD trading account. It is a spread betting account.
The minimum deposit for this account is £100.
Only currencies, metals, energies, cash Indices, and index futures are available for spread betting. Spread begins from 0.5 pips and there are no commissions charged.
Bets.MT5 Account is the only commission-free account with Admiral Markets.
5) Trade.MT4 Account
Minimum deposit for this account is £250.
Admirals Markets Trade.MT4 is available for the MetaTrader 4 only. CFDs such as currency pairs, indices, metals, ETFs, bonds, energies, and stocks are available for you to trade.
These same CFDs are available on Trade. MT5 account but in higher numbers. For example, Trade.MT5 has 80 currency pairs while Trade.MT4 has 37 currency pairs.
You pay commissions on stocks CFDs and ETF CFDs only. Commissions begin form $0.02.
6) Zero.MT4 Account
You need £250 to open this account.
Admirals Markets Zero.MT4 is the MT4 version of Zero.MT5 Account. You can trade currency pairs and CFDs on cash indices, metals, and energies. The MT5 version has same CFDs but more in number.
Commission fees depend on the CFDs you are trading. The rates are the same as Zero.MT5 Account.
Here is an overview of Admiral Markets accounts and their minimum deposits
Admiral Markets Deposit Methods and Required Fees
Seven deposit methods are available for traders in the UK. You can take advantage of these multiple choices to choose the most convenient method. Here is a breakdown of these methods and their fees.
Method | Commission/Fees |
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Bank transfer | Free |
Klarna | Free |
Visa/MasterCard (UK-issued) | Free |
PayPal | Free |
Skrill | Free |
Neteller | Free |
iDEAL | Free |
Of these methods, you can only withdraw via bank transfers, UK-issued cards, PayPal, Skrill, and Neteller. For all withdrawal methods, you get 1 free withdrawal monthly. All withdrawals after the first attracts a withdrawal fee.
You will pay £10 if you use bank transfer. Other methods attract 1% of the transaction size. Admiral Markets require you withdraw at least £1 per withdrawal.
Note: 68% of traders lose money with this broker
Admiral Markets Deposit Terms
There are a few rules that you need to be aware of for a smooth deposit experience. Here are some of them.
1) Admiral Markets UK does not accept cash deposits from banks
2) Your deposits will be transferred to your account within one business day when the money reflects in the broker’s bank account.
3) Fund your trading account via your own bank account or e-wallet. Admiral Markets will not process payments made from a third-party. Admiral Markets will block your trading account if you break this rule.
4) Admiral Markets can choose to require additional documents before processing your payments.
5) If your trading account’s base currency differ from the currency you deposit, your money will be converted to your trading account’s base currency. The exchange rate will be determined by Admiral Markets UK bank.
6) You are responsible for any incorrect or erroneous payment requests if you make one.
How to Deposit Money Into Your Admiral Markets Account
1) Log in to your client area.
2) Click the ‘Deposit’ option.
3) Select your preferred funding method
4) Make sure the funding details are accurate before moving forward to complete the transaction.
Comparison Of Admiral Markets Minimum Deposit With Other Brokers
Broker | Minimum Deposit |
---|---|
Admiral Markets | £250 |
Tickmill | £100 |
CMC Markets | £0 |
FxPro | £100 |
AvaTrade | £100 |
Pepperstone | £0 |
Frequently Asked Questions
What is the minimum deposit for Admiral Markets?
The minimum deposit for Admiral Markets UK is £250 for CFD trading. It may be lower for other account types.
Is admiral markets a good broker?
Admiral Markets are licensed and regulated in the UK by a top-tier regulator (the FCA).
What is the minimum withdrawal from Admiral Markets.?
Admiral Markets UK minimum withdrawal is £1
Does Admiral Markets offer no deposit bonus?
Admiral Markets does not offer no deposit bonus in the UK.
Note: Your capital is at risk