Registered in	Australia
Regulated by	ASIC/FCA/CYSEC
Year(s) of establishment	10-15 years
Trading instruments	Forex, Indices, Stocks, Commodities, Bonds, ETFs
Minimum Initial Deposit	1 USD or equivalent
Maximum Leverage	1:10-1:1000 flexible leverage
Minimum spread	Forex typical spreads from 0.6 pips (EURUSD)
Trading platform	MT4, MT5, Webtrader
Deposit and withdrawal method	bank wire, Skrill, Neteller, VISA, MasterCard, cryptocurrencies, Perfect Money
Customer Service	Email, phone number, live chat
Fraud Complaints Exposure	Yes

Admiral Markets Overview

Admiral Markets is a global online trading provider offering trading services in various financial instruments, including forex, stocks, commodities, and indices. The company was founded in 2001 and is headquartered in Estonia, 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, ensuring a secure and compliant trading environment. In Australia, it is regulated by ASIC under the Market Making (MM) model. Similarly, in the United Kingdom and Cyprus, the firm is overseen by the FCA and 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. However, it's important to note that its BaFin license in Germany has been revoked, which might affect its operations within Germany.

Pros and Cons of Admiral Markets

Advantages:

• Wide range of trading instruments and account types to choose from

• Flexible maximum leverage options

• Multiple payment methods available with varying fees

• Comprehensive educational resources for traders of all levels

• Customized customer service for different regions and languages

• Access to various trading platforms including MT4, MT5, and Webtrader

• A variety of trading tools and features such as negative balance protection and free VPS

Disadvantages:

• Limited availability in some regions and countries

• Commission and fee structures can be complex and vary by payment method and account type

• Limited promotions or bonuses offered for new or existing clients

• Some account types may require a minimum deposit that could be prohibitive for some traders

• Limited customer support availability on weekends

Pros	Cons
Wide range of trading instruments and account types	Limited availability in some regions and countries
Flexible maximum leverage options	Commission and fee structures can be complex
Multiple payment methods with varying fees	Limited promotions or bonuses offered
Comprehensive educational resources for all trader levels	Some account types may require high minimum deposits
Customized customer service for different regions	Limited customer support availability on weekends
Access to various trading platforms (MT4, MT5, Webtrader)
Variety of trading tools and features (e.g., free VPS)

Market Instruments

Admiral Markets offers a diverse range of trading products, encompassing over 8,000 instruments across various asset classes to cater to different investment preferences:

1. Forex: Provides traders with the opportunity to trade 80 CFDs on various currency pairs, allowing for significant exposure to global currency markets.

2. Indices: Offers 43 Indices CFDs, which include both cash CFDs and Index Futures, enabling traders to speculate on the movements of major market indices.

3. Stocks: Features over 3,000 Share CFDs and provides options for investing in thousands of shares directly, catering to equity market participants.

4. Commodities: Includes CFDs on a variety of commodities such as metals, energies, and agricultural products, offering traders diverse commodity trading options.

5. Bonds: Allows trading in US Treasuries and Germany Bund CFDs, appealing to those interested in fixed-income securities.

6. ETFs: Provides access to more than 370 ETF CFDs and numerous other ETFs available through the Invest.MT5 platform, expanding the range of exchange-traded funds available for trading.

Spreads and Commissions

In terms of spreads, commissions, and other costs, there are some advantages and disadvantages among the different account types offered by the broker. The Invest. MT5 and Zero. MT5 accounts offer the advantage of zero spreads, which can help traders to save on costs. Additionally, the Trade. MT5 and MT4 accounts have low spreads, which are also beneficial for traders. The Trade. MT5 and MT4 accounts also offer low commissions on Single Share & ETF CFDs, which is a plus. However, the commissions on Cash Indices and Energies for the Zero. MT5 account are relatively high, as are the commissions on Forex & Metals for this account type. Additionally, the spreads on Trade. MT5 and MT4 accounts are higher than those on the Invest. MT5 and Zero. MT5 accounts. Overall, traders should consider the spreads, commissions, and other costs when choosing an account type that suits their needs.

Trading Accounts available in Admiral Markets

Admiral Markets offers five account types: Trade.MT5, Invest.MT5, Zero.MT5, Trade.MT4, and Zero.MT4. The Invest.MT5 account has the lowest minimum deposit requirement, starting at just $1 USD/EUR/JOD/GBP, 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:

Feature	Trade.MT5	Invest.MT5	Zero.MT5	Trade.MT4	Zero.MT4
Minimum Deposit	$25 USD/EUR/JOD, 100 AED	$1 USD/EUR/JOD/GBP	$25 USD/EUR/JOD, 100 AED	$25 USD/EUR/JOD, 100 AED	$25 USD/EUR/JOD, 100 AED
Account Balance Currencies	USD, EUR, JOD, AED	USD, EUR, JOD, GBP	USD, EUR, JOD, AED	USD, EUR, JOD, AED	USD, EUR, JOD, AED
Trading Instruments	Forex (80), Metals (5), Energy (3), etc.	Stocks (>4500), ETFs (>400)	Forex (80), Metals (3), Energy (3), etc.	Currency pairs - 37Metal CFDs - 4Energy CFDs - 3Cash Index CFDs - 16Stock CFDs - 230	Currency pairs - 45Metal CFDs - 3Cash Index CFDs - 10Energy CFDs - 3
Leverage	1:500 - 1:10	Not applicable	1:500 - 1:10	1:500 - 1:10	1:500 - 1:10
Spread	From 0.5 pips	From 0 pips	From 0 pips	From 0.5 pips	From 0 pips
Commissions	From $0.02/share for stocks & ETFs	From $0.02/share for stocks & ETFs	Forex & Metals from $1.8 to $3.0/lot	Single Share & ETF CFDs - from 0.02 USD per share 4Other instruments - no commissions	Forex & Metals - from 1.8 to 3.0 USD per 1.0 lots 3Cash Indices - from 0.05 to 3.0 USD per 1.0 lots 3Energies - 1 USD per 1.0 lots 3
Islamic Account Option	Yes	No	No	No	No
Trading Platforms	MetaTrader 5, MetaTrader Web Trader	MetaTrader 5, MetaTrader Web Trader	MetaTrader 5, MetaTrader Web Trader	MetaTrader 4, MetaTrader Web Trader	MetaTrader 4, MetaTrader Web Trader

Trading platform(s) that Admiral Markets offers

Admiral Markets offers a comprehensive suite of trading platforms to cater to various trading needs:

• 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.

• 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.

• 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.

• Virtual Private Server (VPS) with Admirals: Offers traders the ability to use Admiral's powerful platforms remotely on any device at any time, enhancing trading flexibility and execution speed.

• Parallels for macOS: This virtualization solution allows Mac users to seamlessly run Windows applications like MT4 and MT5 directly on their desktops.

Maximum leverage of Admiral Markets

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.

Deposit and Withdrawal

Admiral Markets AS Jordan Ltd offers straightforward deposit and withdrawal options with various fee structures:

Deposits:

• Bank Transfer, Visa and MasterCard, Perfect Money: Deposits are free of charge across all these methods.

Withdrawals:

• Bank Transfer: Allows one free withdrawal per month; subsequent withdrawals incur a fee of 5 JOD / 10 USD / 10 EUR each.

• Perfect Money: Includes one free withdrawal per month; additional withdrawals are charged at 1%, with a minimum fee of 1 EUR / 1 USD.

Trading and Additional Fees:

• Commissions: Specific rates and values are detailed in the Contract Specifications.

• Internal Transfers: Transfers between accounts with the same base currency are free. Transfers between accounts with different base currencies incur a 1% fee, after five free transfers.

• Account Opening: Free for both live and demo accounts.

• Inactivity Fee: A charge of 10 USD per month applies if no transactions have been executed for 24 months, provided the account balance is positive.

• Currency Conversion Fee: A fee of 0.3% is applied to trades in assets quoted in different currencies from the account's base currency, with a minimum of 0.01 units of the base currency.

Educational Resources in Admiral Markets

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.

Customer Service of Admiral Markets

Admiral Markets provides a comprehensive customer care service to its clients worldwide. Customers can contact the company's multilingual customer support through phone or email in their own native language and get personalized assistance.

The company also has regional offices to provide customers with personal assistance. However, the support availability hours are limited, and there is no live chat or social media support available. Also, the company does not offer dedicated support for VIP clients.

Conclusion

Admiral Markets is a well-established online trading broker with over 19 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, potential drawbacks include high commissions on certain accounts, a limited selection of cryptocurrencies, and the absence of 24/7 customer support.

FAQs about Admiral Markets

1. What regulatory bodies oversee Admiral Markets？

1. Admiral Markets is regulated by ASIC, FCA, CYSEC, and holds a Retail Forex License in Seychelles.

2. What can I trade on Admiral Markets？

1. The platform offers forex, indices, commodities, stocks, bonds, cryptocurrencies, and ETFs.

3. Which trading platforms does Admiral Markets support？

1. Admiral Markets supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5).

4. Does Admiral Markets provide educational resources？

1. Yes, it offers webinars, seminars, eBooks, and market analysis.

5. What account types does Admiral Markets offer？

1. Available accounts include Trade.MT4/MT5 and Zero.MT4/MT5.

6. Are there fees or commissions at Admiral Markets？

1. Some accounts have no commissions while others may charge based on the traded instrument.

7. How can I manage funds in my Admiral Markets account？

1. Funds can be deposited or withdrawn via bank transfers, credit/debit cards, and e-wallets like Skrill and Neteller.

Probis	Basic Information
Company Name	Probis
Founded	2009
Headquarters	Australia
Regulations	Not regulated
Tradable Assets	Forex, Commodity CFDs, Securities CFDs
Account Types	Live Account, Demo Account
Minimum Deposit	Not specified
Maximum Leverage	1:30
Spreads	Forex: Starts at 3 pips
Commission	Not specified
Deposit Methods	Bank wire transfer
Trading Platforms	PROBIS AUTON
Customer Support	Phone, Email
Education Resources	Educational content on FX & CFD trading, trade characteristics, technical analysis, and glossary
Bonus Offerings	None

Overview of Probis

Probis is an Australian-based trading platform with a history dating back to its founding in 2009. This platform offers a diverse range of financial instruments, including Forex, Commodity CFDs, and Securities CFDs, allowing traders to engage in various aspects of the global financial markets. Prospective traders can opt for either Live Accounts, where real funds are used for trading, or Demo Accounts, which provide a risk-free environment for honing trading skills.

One of the key features of Probis is its proprietary trading platform known as PROBIS AUTON, which facilitates efficient and secure online trading. This platform supports 24-hour trading in Forex, indices, precious metals, and commodities, making it adaptable to different trading preferences and time zones. However, it's important to note that Probis's regulatory status is currently unusual, as its official regulatory status has been revoked. Therefore, traders are advised to exercise caution and thoroughly research the platform's regulatory status and oversight to ensure the safety of their investments.

Is Probis Legit？

Probis was previously regulated by the Australian Securities and Investments Commission (ASIC) under license number 338241. However, it's important to note that the regulatory status of Probis is currently abnormal, and the official regulatory status has been revoked. Traders and potential clients should exercise caution and be aware of the associated risks when considering Probis as a trading platform. It's advisable to thoroughly research and consider the regulatory status and oversight of any brokerage before engaging in trading activities to ensure the safety and security of your investments.

Pros and Cons

Probis offers diverse tradable assets, including Forex, Commodity CFDs, and Securities CFDs. Traders can choose between Live and Demo Accounts for real-money or risk-free practice trading. The platform's proprietary PROBIS AUTON trading software is user-friendly and accessible on multiple devices. However, caution is advised due to the platform's uncertain regulatory status, as its official regulatory credentials have been revoked. Commission fees lack transparency, and non-trading fees like swap interest charges can affect overall trading costs. Considering these pros and cons is crucial for potential users.

Pros	Cons
Diverse Tradable Assets	Regulatory Uncertainty
Demo Account	Lack of Commission Transparency
User-Friendly Trading Platform	Non-Trading Fees
	Limited Deposit Methods

Trading Instruments

Probis offers a range of trading instruments, including FX (Forex), Commodity CFDs (Contracts for Difference), and Securities CFDs. Each of these instruments has its own specifications and trading hours.

FX (Forex) Trading: Probis provides Forex trading options with various currency pairs, including EUR/USD, USD/JPY, GBP/USD, USD/CHF, USDCAD, AUD/USD, EUR/JPY, GBP/JPY, CHF/JPY, CAD/JPY, AUD/JPY, and EUR/GBP. These pairs come with specific contract sizes, minimum fluctuations, spread values, and necessary margin requirements per lot. Trading hours for Forex pairs vary between summer and winter times, with rollover times specified.

Commodity CFD Trading: Probis also offers Commodity CFDs for trading in assets such as Spot Gold, Spot Silver, Crude Oil, Copper, Soybean, Wheat, and Corn. Each commodity has its unique contract size, minimum fluctuation, spread, and margin requirements. Trading hours for these commodities differ during summer and winter times.

Securities CFD Trading: For traders interested in securities, Probis provides CFDs on various indices, including the US 30 Index, US E-mini SPX 500 Index, US NDAQ 100 Index, UK 100 Index, SGX Japan 225 Index, and HongKong50 Index. These securities CFDs have point values, minimum fluctuations, spreads, and margin requirements per lot. Trading hours for securities CFDs are specified for both summer and winter times.

Here is a comparison table of trading instruments offered by different brokers:

Broker	Currency	Stocks	Indices	Crypto	Commodities
Probis	Yes	No	Yes	No	Yes
FXTM	Yes	Yes	Yes	Yes	Yes
FP Markets	Yes	Yes	Yes	Yes	Yes
XM	Yes	Yes	Yes	Yes	Yes

Account Types

Probis offers two main types of accounts to cater to the needs of traders: Live Accounts and Demo Accounts.

Live Account: A Live Account is designed for traders who are ready to engage in real-money trading. Opening a Live Account involves depositing real funds, and traders can use this account to execute actual trades in the financial markets. Live Accounts provide access to real market conditions, and any profits or losses are reflected in the trader's account balance. These accounts offer the opportunity to experience the excitement and risks of live trading, making them suitable for both novice and experienced traders.

Demo Account: A Demo Account, on the other hand, is a risk-free and practice-oriented account type. It allows traders to hone their trading skills and test strategies without risking real capital. Demo Accounts are funded with virtual money, and traders can execute trades in a simulated market environment that mirrors real market conditions. This is an invaluable tool for beginners to learn the ropes of trading and for experienced traders to refine their strategies. It's a safe way to explore the trading platform and gain confidence before transitioning to a Live Account.

How to Open an Account

To open an account with Probis, follow these steps.

1. Visit the Probis website. Look for the “Open Live Account” button on the homepage and click on it.

1. Sign up on websites registration page.

1. Receive your personal account login from an automated email

2. Log in

3. Proceed to deposit funds to your account

4. Download the platform and start trading

Leverage

Probis offers varying levels of leverage to traders, depending on the type of financial instrument they are trading. For major currency pairs like EUR/USD and USD/JPY, the maximum leverage is 1:30. This means that traders can control a position worth up to $30 for every $1 they have in their trading account. Minor currency pairs and gold trading come with a maximum leverage of 1:20. When trading CFD products other than gold, such as commodities, the leverage is set at 1:10. For securities CFDs, which include major stock markets, the maximum leverage is 1:20, while minor stock markets offer a leverage of 1:10. Traders should exercise caution and consider their risk tolerance when using leverage, as it can amplify both profits and losses in their trades.

Here is a comparison table of maximum leverage offered by different brokers:

Broker	Probis	Capital Bear	Quadcode Markets	Deriv
Maximum Leverage	1:25	1:5	1:30	1:1000

Spreads and Commissions (Trading Fees)

Probis provides specific details about spreads for various trading instruments. For Forex pairs, spreads typically start at 3 pips. In the case of Commodity CFDs like Spot Gold, the spread starts at 0.5 dollars per troy ounce. For Securities CFDs such as the US 30 Index, the spread begins at 5 points. These precise spread values are essential for traders to understand their trading costs accurately.

Traders should stay informed about potential changes through the platform's notifications. Please note that commission details are not provided on the website and should be obtained from Probis' customer service.

Non-Trading Fees

Probis charges non-trading fees, with one significant fee being swap interest or overnight financing charges. Swap interest arises from the difference in interest rates between two currencies in a currency pair during rollover periods.

In essence, if traders hold a position overnight in a currency pair, they may either receive or pay swap interest based on the interest rate differentials between the currencies involved. For instance, if traders buy a currency with a higher interest rate and sell a currency with a lower interest rate, they can earn interest. Conversely, if they sell a currency with a higher interest rate and buy a currency with a lower interest rate, they will incur interest charges.

For example, if the Australian Dollar has a higher interest rate compared to the Japanese Yen, and traders hold an AUD/JPY position overnight, they may earn or pay the net interest difference between these currencies. The calculation and settlement of FX swap interest occur at the market's closing.

Traders should be aware of these swap interest rates as they can impact the overall costs of holding positions overnight, affecting their trading strategies and expenses. It's advisable to check Probis for specific swap interest rates for different currency pairs.

Deposit & Withdraw Methods

Probis provides bank transfer for depositing and withdrawing funds:

Deposit:

You can deposit funds into your Probis trading account via bank wire. Domestic transfers typically take 1-2 business days, while international transfers usually take 3-5 business days. You can make deposits in either AUD or USD. Probis does not charge any fees for deposits. However, please note that international transfers to and from international banking institutions may incur intermediary or transfer fees that are independent of Probis.

Withdrawal:

To withdraw margins from your trading account, you have two options:

- Use the “withdraw margin” button within the trading platform. Fill in the withdrawal amount to complete the application.

- Contact Probis customer service by telephone. You will need to provide your login ID and service pin to complete the withdrawal application.

Trading Platforms

Probis offers the PROBIS AUTON trading platform for efficient and secure online trading. It supports 24-hour trading in forex, indices, precious metals, and commodities. The platform is available on PC, tablets, and mobile devices, ensuring flexibility for traders. It has specific system requirements, such as Microsoft .NET Framework 4.5 for the PC version and various operating systems for mobile devices. Users can download the platform from the Probis website or app stores for iOS and Android. Manuals are available for each platform version to help users navigate and make the most of their trading experience.

Customer Support

Probis offers comprehensive customer support to assist clients with their inquiries and needs. They are conveniently located in Sydney, Australia, with a registered office at Suite 11.01, Level 11, 227 Elizabeth Street, and a postal address at PO Box 20697 World Square. Clients can reach out to Probis through various communication channels. They provide telephone support at +61 2 9047 7800, allowing clients to speak directly with their team.

For specific inquiries, Probis has dedicated email addresses for different services. Clients looking for assistance with asset management can reach out to enquiries@probisgroup.com.au. If you have questions related to FX and CFD trading, you can contact cs@probisgroup.com.au. For FX and CFD account-related inquiries, you can email account@probisgroup.com.au, and margin deposit and withdrawal matters can be addressed at margin@probisgroup.com.au.

Educational Resources

Probis provides a range of educational resources to empower clients in their FX and CFD trading journey. Their educational offerings cover FX & CFD trading, trade characteristics, technical analysis, and a comprehensive glossary.

FX & CFD Trading: Probis offers educational content that helps clients understand the fundamentals of FX (foreign exchange) and CFD (contract for difference) trading. This includes insights into market dynamics, trading strategies, and risk management techniques.

Trade Characteristics: Understanding the unique characteristics of different trading instruments is crucial for success. Probis provides resources that delve into the specifics of various assets, helping traders make informed decisions.

Technical Analysis: Technical analysis is a vital tool in trading, and Probis equips clients with the knowledge and skills needed to analyze price charts, identify trends, and make data-driven trading decisions.

Glossary: The financial world comes with its own jargon and terminology. Probis offers a comprehensive glossary that defines and explains key terms, ensuring that clients can navigate the trading landscape with confidence.

Trading Tools

Probis provides traders with Economic Calendar to enhance their market analysis and decision-making. It provides traders with a professional perspective on market events, helping them understand market dynamics, stay informed about crucial economic announcements, and seize investment opportunities. This tool is instrumental in tracking economic indicators, central bank decisions, and geopolitical events that can significantly impact financial markets.

Conclusion

In conclusion, Probis offers traders access to various financial instruments, a user-friendly trading platform, and educational resources. However, its regulatory status is uncertain, which raises concerns about the safety of investments. The lack of transparency regarding commission fees and potential non-trading fees like swap interest charges can impact overall trading costs. While Probis has its advantages, including a range of tradable assets and a demo account for practice, potential users should carefully consider these drawbacks and exercise caution when choosing this platform for their trading needs.

FAQs

Q: Is Probis a regulated trading platform？

A: Probis was previously regulated by the Australian Securities and Investments Commission (ASIC), but its regulatory status is currently uncertain as the official regulatory status has been revoked.

Q: What types of trading accounts does Probis offer？

A: Probis provides two main types of accounts: Live Accounts for real-money trading and Demo Accounts for practice trading.

Q: Can I access Probis's trading platform on mobile devices？

A: Yes, Probis's trading platform, PROBIS AUTON, is available on PC, tablets, and mobile devices, offering flexibility for traders.

Q: What is the maximum leverage offered by Probis？

A: The maximum leverage varies depending on the type of financial instrument. For major currency pairs, it's 1:30, while minor currency pairs and gold trading offer 1:20. CFD products other than gold come with 1:10 leverage, and securities CFDs offer a maximum leverage of 1:20 for major stock markets and 1:10 for minor stock markets.

Q: How can I deposit and withdraw funds with Probis？

A: You can deposit funds via bank wire transfer in either AUD or USD. Withdrawals can be made using the “withdraw margin” button within the trading platform or by contacting Probis customer service.