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Admirals vs CMC Markets - 2024 Comparison | FxScouts
AuthorAuthor: Björn MichelsUpdated: Nov 15, 2023

Last Updated On Nov 15, 2023

Björn Michels

Trading with a reputable online broker is a crucial factor for success in the international markets. At FxScouts, we help you find the broker that suits your trading needs.

Each year we spend thousands of hours testing brokers by opening accounts, testing their platforms, and rating them according to a set of over 200 metrics. We deposit real money with the brokers to ensure that the products and user experience they advertise are consistent with reality.

We have found that the best way for traders to choose a broker is to compare brokers side-by-side. The comparison tool below allows you to compare two brokers based on their ratings and features.

Select brokers to compare

Select brokers to compare

How do CMC Markets and Admirals stack up against each other?

The Radar Chart below highlights how the brokers stack up against each other across various metrics. The highest score a broker can receive in each area is 5.

Admirals

CMC Markets

At FxScouts, we help traders find the broker that suits their trading needs. In many cases, the best way to achieve this is to compare brokers side-by-side.

To compare CMC Markets and Admirals, we used the same factors we use when reviewing brokers: The trust and regulation of the broker, the trading platform, the costs and trading conditions, and the level of education and market analysis available at the broker.

Does CMC Markets or Admirals have a better trust and regulation rating?

Trust and regulation are some of the most important factors to consider when choosing a Forex broker. Trust in the Forex trading business is almost entirely founded upon regulation. We spend many hours evaluating the safety of each broker by delving into their fine print and confirming each one of their regulatory licences on the online registers. The more top-tier authorities a broker is regulated by, the higher its trust rating.

In our comparison, we found that CMC Markets holds three Tier 1 and two Tier 2 licences, and Admirals holds three Tier 1 and no Tier 2 licences.

 

Is CMC Markets financially regulated?

Yes CMC Markets was founded in 1989 and is regulated by ASIC, BaFin, FCA, FMA and MAS.

 

Is Admirals financially regulated?

Yes Admirals was founded in 2001 and is regulated by ASIC, CySEC, FCA, FSCA and JSE.

 

Based on these findings, 0 earned a higher trust rating than 0.

Does CMC Markets or Admirals have lower costs?

Another important aspect we consider when comparing brokers is the cost of trading. When evaluating trading costs, we always consider the minimum deposit required to open an account and the ongoing trading costs, including the spreads and commissions. When calculating trading costs, we measure the cost to trade one lot of EUR/USD using the broker’s account with the lowest minimum deposit. The cost includes both the spread and any commission charged. 

Not all brokers publish their trading costs, so we often open accounts and trade on their platforms to verify the spreads and commissions. Based on our reviews, we found that CMC Markets has overall lower trading costs than Admirals. 

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Broker
Trading Conditions
Base Currencies
EURUSD (Standard)
Trading Cost (Standard)
EURUSD (Best)
GBPUSD (Best)
USDJPY (Best)
Commission
Admiral Markets
11110.54.5/ 5
EUR, USD, GBP, CHF, BGN, CZK, HRK, HUF, PLN, RON, RUB, AUD, ZAR
0.80 pips
USD 8
0.10 pips
0.60 pips
0.30 pips
USD 0
CMC Markets
111115/ 5
AUD, USD
0.70 pips
USD 7
0.70 pips
0.90 pips
0.70 pips
USD 0

 

Does CMC Markets or Admirals offer a better choice of trading platforms?

Traders want Forex brokers to offer them a choice of trading platforms, so we give brokers who offer multiple platforms higher ratings. Trading platforms we consider include MetaTrader4, MetaTrader5, cTrader and proprietary mobile and web-based platforms. 

In this case, 0 offers support for and 0 offers support for . 

Do the brokers offer copy trading?

In this case both Admirals and CMC Markets offer copy trading.

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Broker
Platform Choice
Copy Trading
Platforms
Admiral Markets
11110.54.5/ 5
MT Supreme
CMC Markets
11110.54.5/ 5
CMCmarkets

 

Which broker offers a better choice of trading instruments?

A variety of CFD instruments – and a large range of CFDs for each instrument category allow traders more opportunities for profitable trading. The best brokers will have thousands of CFDs to trade, covering all these instrument categories. We found that CMC Markets offers a greater range and depth of instruments to trade than Admirals. CMC Markets offers 350 Forex pairs to trade and Admirals offers 82 Forex pairs to trade.

Toplist Forex Pairs

And what about Cryptocurrencies?

In this case, Admirals offers 42 cryptocurrencies while CMC Markets offers 12 cryptocurrencies. So if you want to trade cryptocurrencies, we advise trading with Admirals.

Which broker offers better deposit and withdrawal processes?

Although brokers may have reasonable trading fees, many traders are caught out by the high non-trading fees charged by some brokers, including deposits and withdrawals. Traders want to be able to deposit and withdraw funds quickly and cheaply. Most brokers have multiple funding methods with zero fees for making deposits, but some brokers make it more expensive and take longer to process withdrawals. 

We rate brokers more highly that process withdrawals within 24 hours by multiple withdrawal methods and without charging processing fees. We found that neither Admirals nor CMC Markets charges a withdrawal fee. Overall, CMC Markets has better deposit and withdrawal processes than Admirals. 

Which broker offers better educational support?

We often find that brokers offer very little in the way of educational materials, forcing traders to use other third-party sites or self-educate elsewhere. Beginner traders need well-structured, well-presented materials in multiple formats to get a good start at trading. More experienced traders also benefit from webinars led by experts in the field and advanced trading strategy sections with new trading ideas. 

Admirals and CMC Markets both have very good educational support. Both Admirals and CMC Markets offer educational support for more experienced traders.

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Broker
Beginner Course
Advanced Course
Admiral Markets
CMC Markets

 

Which broker offers better market analysis materials?

To successfully predict the price movements of an instrument, traders will need access to frequent market research and analysis. We find that research and market analysis are always better when they are produced in-house and updated frequently. Third-party resources don’t show the same expertise in trading ideas, so we place a strong emphasis on frequent in-house updates. Some brokers also often offer interactive webinars where traders can learn from experts in the field. 

We found that 0 offers better research analysis than 0 and that both Admirals and CMC Markets offer frequent webinars.

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Broker
Economic Calendar
Autochartist
Trading Central
Trading View
Free VPS
Admiral Markets
CMC Markets

 

Our overall Verdict on CMC Markets

Please note that CMC Markets no longer offers services to Indian traders.  This review is for informational purposes only.

Founded in 1989, CMC Markets is a well-known Forex and CFD broker with a high trust rating and a huge range of financial instruments to trade. However, traders may be disappointed at the high trading fees on its commission-based account. 

CMC Markets offers two live accounts with no minimum deposit requirements - a low-cost commission-free account with spreads starting at 0.7 pips on the EUR/USD and a commission-based account with spreads of 0.1 pip and commissions of 0.005% (which amounts to 50 USD per lot traded), which is extremely high.

Trading is offered on both MT4 and its powerful, innovative proprietary platform that features numerous technical and fundamental analysis tools.  CMC Markets also offers excellent education and market analysis materials to get new traders started, and although customer service is offered 24/5, it does not provide a live chat feature, which is a serious oversight by this broker.

Our overall Verdict on Admirals

Admirals is a well-regulated global online broker offering multi-asset trading on a broader range of instruments than other brokers.  Tradable instruments include Forex, commodities, indices, shares, ETFs, and bonds.  The company also has one of the best cryptocurrency offerings on the market, although these are unavailable under the FCA and JSC regulators. 

With full support for the MT4 and MT5 platforms, Admirals is home to the MetaTrader Supreme Edition, a plugin that offers technical analysis on virtually every financial instrument.  It also offers a VPS service to clients that deposit more than 5000 EUR, which is substantially higher than the minimum deposit requirement, but offers Trading Central for free.   

Admirals boasts excellent trading conditions on four live accounts. The minimum deposit requirements are only 25 USD on all accounts, spreads average at 0.8 pips (EUR/USD) on its commission-free accounts, and commissions of 6 USD (round turn) are charged on its Zero Accounts.  

One drawback for those considering trading with Admirals is the high deposit fees charged on accounts with different currencies to those on offer at the broker.

Which broker has the highest overall rating?

CMC Markets has an overall rating of 4.53 and Admirals has an overall rating of 4.28. For more detail please read our reviews of CMC Markets and Admirals.

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