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admiral , PBFX Broker Comparison
Do you want to know which is the better broker between admiral and PBFX ?
In the table below, you can compare the features of admiral , PBFX side by side to determine the best fit for your needs.
- Rating
- Basic Information
- Trading Env.
- Account Info
- Related News
- Relevant Exposures
- Rating
- Basic Information
- Trading Env.
- Account Info
- Related News
- Relevant Exposures
- Average Trading Cost
- (EURUSD)
- Average Trading Cost
- (XAUUSD)
- Average Trading Cost
- (EURUSD)
- Average Trading Cost
- (XAUUSD)
Which broker is more reliable?
To evaluate a broker's reliability and trustworthiness, consider the following four factors:
1.Forex broker introduction。
2.Do admiral-markets and pbfx have lower transaction costs?
3.Which broker is safer?
4.Which broker offers the best trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
Forex broker introduction
admiral-markets
| Founded in | 2001 |
| Headquarters | Seychelles |
| Regulated by | ASIC, FCA, CySEC, FSA (Offshore) |
| Trading instruments | 2,500+, forex, indices, commodities, ETFs, stocks, cryptocurrencies |
| Demo Account | ✅ (30 days) |
| Islamic Account | ✅ |
| Account Type | Trade.MT4, Zero.MT4, Trade.MT5, Invest.MT5, Zero.MT5 |
| Min Deposit | $25 |
| Leverage | 1:3-1:1000 |
| EUR/USD Spread | Floating around 0.1 pips |
| Trading platform | MT4/5, Trading App, Admirals Platform, StereoTrader |
| Payment Methods | Visa, MasterCard, Skrill, Neteller, Crypto payments, Bank Wire |
| Deposit Fee | ❌ |
| Withdrawal Fee | One free withdrawal request every month, 5 EUR/USD thereafter |
| Inactivity Fee | 10 EUR per month (only charged if the account balance is greater than zero) |
| Customer Support | Live chat, contact form |
| Tel: +2484671940, +3726309306 | |
| Email: global@admiralmarkets.com | |
| Regional Restriction | Belgium |
Admiral Markets Overview
Admiral Markets is a global online trading provider offering trading services in 2,500+ financial instruments, including forex, indices, commodities, ETFs, stocks, and cryptocurrencies. The company was founded in 2001 and is headquartered in Seychelles, with offices in various countries around the world.
Admiral Markets is regulated by several financial authorities, including the UK Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC). The company offers a range of trading platforms, account types, and educational resources to its clients.
Admiral Markets is a Market Making (MM) broker, which means that it acts as a counterparty to its clients in trading operations. That is, instead of connecting directly to the market, Admiral Markets acts as an intermediary and takes the opposite position to its clients.

Regulatory Status
Admiral Markets is regulated by several respected financial authorities globally.
In Australia, it is regulated by Australia Securities & Investment Commission (ASIC) under the Market Making (MM) model.
In the United Kingdom and Cyprus, the firm is overseen by the Financial Conduct Authority (FCA) and Cyprus Securities and Exchange Commission (CySEC) respectively, both also under the Market Making model.
Additionally, it holds a Retail Forex License in Seychelles, further extending its regulatory framework to offshore jurisdictions.
| Regulated Country | Regulated by | Current Status | Regulated Entity | License Type | License Number |
![]() | ASIC | Regulated | ADMIRALS AU PTY LTD | Market Making (MM) | 000410681 |
![]() | FCA | Regulated | Admiral Markets UK Ltd | Market Making (MM) | 595450 |
![]() | CySEC | Regulated | Admirals Europe Ltd (ex Admiral Markets Cyprus Ltd) | Market Making (MM) | 201/13 |
![]() | FSA | Offshore Regulated | Admirals SC Ltd | Retail Forex License | SD073 |




Pros and Cons of Admiral Markets
Advantages:
- Wide range of trading instruments and account types to choose from
- Flexible maximum leverage options (1:3-1:1000)
- Multiple payment methods available without deposit fees
- Comprehensive educational resources for traders of all levels
- Customized customer service for different regions and languages
- Access to various trading platforms including MT4/5, Trading App, Admirals Platform, and StereoTrader
- A variety of trading tools and features such as negative balance protection and free VPS
Disadvantages:
- Belgium clients are not accepted
- Only one free withdrawal request every month, 5 EUR/USD thereafter
- Inactivity fee of 10 EUR per month charged if the account balance is greater than zero
Market Instruments
Admiral Markets offers a diverse range of trading products, encompassing over 2,500 instruments across various asset classes to cater to different investment preferences.
| Asset Class | Supported |
| Forex | ✔ |
| Indices | ✔ |
| Commodities | ✔ |
| ETFs | ✔ |
| Stocks | ✔ |
| Cryptocurrencies | ✔ |
| Bonds | ❌ |
| Ooptions | ❌ |

Trading Accounts/Fees
Admiral Markets offers five account types: Trade.MT4, Zero.MT4, Trade.MT5, Zero.MT5, and Invest.MT5.
The Invest.MT5 account has the lowest minimum deposit requirement, starting at just $1 USD/EUR, and offers the widest range of trading instruments including over 4500 stocks and more than 400 ETFs; however, it does not support leverage trading.
Only the Trade.MT5 account offers the option for an Islamic account.
For more detailed differences among the account types offered by Admiral Markets, please refer to the table below:
| Account Type | Trade.MT4 | Zero.MT4 | Trade.MT5 | Zero.MT5 | Invest.MT5 |
| Min Deposit | 25 USD/EUR, 100 BRL, 500 MXN, 20 000 CLP, 50 SGD, 1000 THB, 500 000 VND, 25 AUD | 1 USD/EUR | |||
| Trading Instruments | 37 currency pairs, 5 cryptocurrency CFDs, 2 metal CFDs, 3 energy CFDs, 12 cash index CFDs, 200+ stock CFDs | 80 currency pairs, 3 metal CFDs, 8 cash index CFDs, 3 energy CFDs | 80 currency pairs, 18 cryptocurrency CFDs, 2 metal CFDs, 3 energy CFDs, 12 cash Index CFDs, 2,300+ stock CFDs, 350+ ETF CFDs | 80 currency pairs, 3 metal CFDs, 8 cash index CFDs, 3 energy CFDs | 4,500+ stocks, 400+ ETFs |
| Leverage (Forex) | 1:3-1:1000 | ❌ | |||
| Leverage (Indices) | 1:10-1:500 | ❌ | |||
| Spread | From 1.2 pips | From 0 pips | From 0.6 pips | From 0 pips | |
| Commission | Single Share & ETF CFDs - from 0.02 USD per share | Forex & Metals - from 1.8 to 3.0 USD per 1.0 lots | Single Share & ETF CFDs - from 0.02 USD per share | Forex & Metals - from 1.8 to 3.0 USD per 1.0 lots | Stocks & ETFs - from 0.02 USD per share |
| Other instruments - no commissions | Cash Indices - from 0.15 to 3.0 USD per 1.0 lots | Other instruments - no commissions | Cash Indices - from 0.15 to 3.0 USD per 1.0 lots | ||
| Energies - 1 USD per 1.0 lots | Energies - 1 USD per 1.0 lots | ||||
| Islamic Account | ❌ | ❌ | ✔ | ❌ | ❌ |
Leverage
Admiral Markets offers a range of leverage options from 1:10 to 1:1000, allowing traders to select the level that aligns with their strategy and risk tolerance. While higher leverage can amplify profits from smaller investments, it also increases the potential for significant losses.
Trading Platforms
Admiral Markets offers a comprehensive suite of trading platforms to cater to various trading needs:
- MetaTrader 4 (MT4): Known for its reliability and powerful analytical tools, MT4 is available for Windows and offers advanced trading capabilities in a secure environment. It supports Forex and CFD trading.
- MetaTrader 5 (MT5): Available for Windows, Android, iOS, and Mac, MT5 is a multi-asset platform favored globally for trading Forex, CFDs, exchange-traded instruments, and futures. It features advanced charting tools, automated trading options, and mobile apps that allow trading on the go.
- Admirals Mobile App: Developed in-house, this mobile app provides a user-friendly interface for trading CFDs on various instruments. Available for mobile devices, it ensures trading accessibility anytime, anywhere.
- StereoTrader: An advanced MetaTrader panel that enhances trading with strategic order types, stealth modes, and intelligent automation. It's designed for traders looking for precision and flexibility in their strategies.

Deposit and Withdrawal
Admiral Markets accepts deposits and withdrawals via Visa, MasterCard, Skrill, Neteller, Crypto payments, and Bank Wire.
All deposits are free of charge, while only one free withdrawal request every month, and 5 EUR/USD thereafter.

Fees
In addition to commissions and withdrawal fees that we have mentioned before, some other fees may be charged, as follows:
Internal transfer
| Between a client's separate trading accounts | |
| Accounts with the same base currency | ❌ |
| Accounts with different base currencies | 1% of the amount |
| Between a client's separate wallets, wallet and trading account | |
| Wallets, wallet and account with the same base currency | ❌ |
| Wallets, wallet and account with different base currencies | 5 free transfers, 1% of the amount thereafter (min 1 EUR) |
Additional fees
| Opening a live or demo trading account | ❌ |
| Inactivity fee | 10 EUR per month |
| Currency conversion fee | 0.3% |
Educational Resources
Admiral Markets offers a robust suite of educational resources suitable for traders of all experience levels. These resources encompass an economic calendar to monitor significant market events, comprehensive market reports, and real-time charts that provide up-to-date market conditions.
Additionally, traders can benefit from a variety of learning formats including video tutorials for practical guidance on trading platforms, interactive webinars and seminars for insights from market experts, as well as eBooks that delve into trading strategies and concepts.
A glossary is also available to help traders familiarize themselves with trading terminology, enhancing their understanding of the financial markets.

Conclusion
Admiral Markets is a well-established online trading broker with over 20 years of industry experience, offering a diverse range of financial instruments, platforms, and account types to traders globally. The broker provides robust tools and educational resources to support informed trading decisions, along with flexible leverage and multiple payment options.
While Admiral Markets stands out for its tailored services across different regions, various fees can't be overlooked.
FAQs
What regulatory bodies oversee Admiral Markets?
Admiral Markets is regulated by ASIC, FCA, CYSEC, and holds an offshore Retail Forex License from the FSA in Seychelles.
What can I trade on Admiral Markets?
The platform offers 2,500+ tradable instruments, including forex, indices, commodities, stocks, bonds, cryptocurrencies, and ETFs.
Which trading platforms does Admiral Markets support?
Admiral Markets supports MT4/5, Trading App, Admirals Platform, and StereoTrader.
Does Admiral Markets provide educational resources?
Yes, it offers webinars, seminars, eBooks, and market analysis.
What account types does Admiral Markets offer?
Available accounts include Trade.MT4, Zero.MT4, Trade.MT5, Zero.MT5, and Invest.MT5.
Are there fees or commissions at Admiral Markets?
Yes. Both withdrawal fee and inactivity fee are charged, as well as some other fees. You can find detailed info above.
How can I manage funds in my Admiral Markets account?
Funds can be deposited or withdrawn via Visa, MasterCard, Skrill, Neteller, Crypto payments, and Bank Wire.
pbfx
General Information
| PBFX Review Summary in 10 Points | |
| Founded | N/A |
| Registered Country/Region | New Zealand |
| Regulation | FSPR/ASIC (General Registration) |
| Market Instruments | Forex, stock, commodities, oil & gas, cryptocurrencies |
| Demo Account | Available ($10,000 virtual fund) |
| Leverage | 1:1000 |
| EUR/USD Spread | 1.7 pips |
| Trading Platforms | MetaTrader4, MT4 IOS, MT4 Android, MT4 Mac, MT4 Windows |
| Minimum deposit | $10 |
| Customer Support | 24/5 live chat, phone, email |
What is PBFX?
PBFX is a provider of online trading services focused on Forex currency pairs, stocks, commodities, oil & gas, and cryptocurrencies through MT4 platform. Pribizco currently registered with the New Zealand Financial Service Providers Register (FSPR) and the Australian Securities & Investment Commission (ASIC).

Pros & Cons
| Pros | Cons |
| • Richness of tradable assets | • Only general registration of FSPR & ASIC |
| • Demo accounts available | • Wide spreads |
| • Low minimum deposit | • No info on commissions |
| • MT4 trading platform | • No popular payment methods |
| • 24/5 live chat support | • Limited educational resources and tools |
Is PBFX Safe or Scam?
PBFX's registration with the New Zealand Financial Service Providers Register (FSPR, License N0. 551686) and the Australia Securities & Investment Commission (ASIC, License No. 269820) indicates that it holds licenses in those jurisdictions. However, it is important to note that these licenses are considered general registered licenses, which may have different regulatory requirements compared to full regulatory licenses.
While registration with these authorities demonstrates some level of compliance, it does not provide the same level of investor protection as full regulatory licenses.



Market Instruments
Pribizco offers investors a wide variety of financial trading assets, mainly Forex currency pairs, stocks, commodities, oil & gas, and cryptocurrencies. The Forex market offers traders the opportunity to participate in the global currency exchange market, allowing them to trade major, minor, and exotic currency pairs. With stocks, traders can access various company shares and participate in the equity markets. Commodities such as gold, silver, oil, and gas provide avenues for diversification and hedging strategies.

Additionally, PBFX enables traders to engage in the growing market of cryptocurrencies, which includes popular digital currencies like Bitcoin, Ethereum, and others. This diverse selection of market instruments gives traders the flexibility to explore various trading opportunities and diversify their investment portfolios.
Accounts
PBFX offers traders a choice of three live account types: Cent, Standard, and ECN. The Cent account requires a minimum deposit of $10, making it accessible to traders with smaller capital. The Standard account also has a minimum deposit of $10 and caters to the needs of traders who prefer traditional trading conditions.

On the other hand, the ECN account requires a higher minimum deposit of $1,000 and provides traders with direct access to the market through Electronic Communication Network (ECN) technology, offering enhanced liquidity and potentially lower spreads.
Additionally, PBFX provides free demo accounts with $10,000 in virtual funds, allowing traders to practice their strategies and familiarize themselves with the platform before trading with real money.

Furthermore, PBFX offers swap-free accounts for traders who adhere to Islamic principles. These account options provide flexibility and cater to the diverse needs and preferences of traders.
Leverage
PBFX offers flexible leverage of up to 1:1000 to its traders. This high leverage option allows traders to potentially amplify their trading positions and potential profits.

Spreads & Commissions
PBFX offers competitive spreads on its different account types. For Cent and Standard accounts, the spread is fixed at 1.7 pips, providing traders with a transparent and consistent cost for executing trades. On the other hand, ,ECN accounts have a spread of 0 pips which means traders can access raw interbank spreads and potentially benefit from tighter pricing.
However, PBFX does not provide specific information regarding commissions.
Trading Platforms
PBFX provides a range of trading platforms, primarily focusing on the popular MetaTrader4 (MT4) platform. MT4 is known for its user-friendly interface, advanced charting capabilities, and extensive range of technical indicators and analysis tools. Traders can access the MT4 platform on various devices, including Windows and Mac computers, as well as mobile devices running on iOS and Android operating systems. This allows for seamless trading and monitoring of positions on-the-go.

The availability of MT4 across multiple platforms ensures that traders have flexibility and convenience in executing their trades. With its robust features and widespread usage in the industry, MT4 offered by PBFX enables traders to make informed trading decisions and execute their strategies effectively.
Deposits & Withdrawals
PBFX offers a variety of convenient and secure payment options for both deposits and withdrawals. Traders can fund their accounts using popular methods such as Tether, PayTrust, MTPAY, China UnionPay, and SWIFT. The broker has a low minimum deposit requirement of only $10, making it accessible for traders of different budgets.
PBFX minimum deposit vs other brokers
| PBFX | Most other | |
| Minimum Deposit | $10 | $100 |
Moreover, PBFX does not impose any limitations on withdrawal amounts, allowing clients to withdraw their funds as needed. Both deposits and withdrawals are free of charge, eliminating any additional costs for traders.
PBFX also provides a benefit to its clients by offering 3 times free deposit and withdrawal per month, providing flexibility and cost savings. The processing time for deposits and withdrawals is relatively fast, typically taking 1-5 working days, ensuring timely access to funds for traders.

Bonuses
PBFX provides a bonus program that rewards clients based on their initial deposit amounts. Traders can receive bonus amounts depending on the deposited funds, offering an opportunity to enhance their trading capital. For example, depositing $10 will grant a $10 bonus, while depositing $20 will result in a $20 bonus. The bonus amounts increase with larger deposits, with $30 bonus for $30 deposit, $60 bonus for $50 deposit, and $90 bonus for $200 deposit.
It's important to note that the maximum deposit amount eligible for a bonus is $500, and the maximum bonus amount that can be received is $150. This bonus program allows traders to potentially boost their trading funds and take advantage of additional opportunities in the market.

Customer Service
PBFX offers a range of customer support options to assist traders in their journey. Clients can reach out to the broker through 24/5 live chat, phone, and email channels, ensuring prompt and efficient communication. The availability of multiple contact methods allows traders to choose the most convenient option for their needs.
Additionally, PBFX maintains an active presence on popular social networks like Facebook, Instagram, and YouTube, where traders can follow their updates and engage with the broker's community.
Do admiral-markets and pbfx have lower transaction costs?
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive admiral-markets and pbfx are, we first considered common fees for standard accounts. On admiral-markets, the average spread for the EUR/USD currency pair is From 0 pips, while on pbfx the spread is 1.8.
Which broker between admiral-markets, pbfx is safer?
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
admiral-markets is regulated by FCA,CYSEC,FSA,ASIC. pbfx is regulated by VFSC,ASIC.
Which broker between admiral-markets, pbfx provides better trading platform?
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
admiral-markets provides the Zero.MT4,Trade.MT4, Zero.MT5, Trade.MT5,Invest.MT5 platform with products like Currency pairs, Metal CFDs, Cash Index CFDs, Energy CFDs; pbfx offers the Standard,Demo,ECN platform featuring assets including All.












