According to latest headlines, UK based Admiral Markets – a renowned international trading service provider and investment firm has announced changes to minimum deposit amount for two of their trading accounts earlier today. To those not familiar with the name, Admiral Markets is a MT4 platform based trading service provider that has been active for nearly two decades now covering a wide array of financial instruments ranging from Forex, ETF’s, CFD’s, Indices, Stocks and Cryptocurrencies. The reason for the broker’s popularity stems from their trading account features such as option to trade with 0 spread and option to trade multiple assets under single trading account. Admiral Market provides trading services in both MT4 and MT5 platform.
The Admiral Prime account which seems more popular with traders, allows users to trade via MetaTrader 4 platform. So far, the minimum deposit for the account was at 1000 Euros or its equivalent in other currencies. But the same has now been changed to a deposit of 200 Euros. The report also mentioned that the broker as developed a low-spread trading option in Index-based contracts for difference (CFD’s) aimed specifically at traders who practice scalping strategy. Also, the minimum deposit amount for their equity oriented account Admiral Invest has been updated such that the previous requirement for minimum deposit amount of 500 Euros has been removed. Traders who wish to trade in Admiral Invest account can now start with a minimum deposit as low as 1 Euro.
While other trading accounts provided by the broker provides a portfolio made up of multiple financial assets, Admiral Invest is a trading account that purely focuses on Stocks and ETF’s. The account has stocks and ETF’s from UK, US and European markets and was launched in first half of 2018. The broker has registered itself as financial service provider in UK, Estonia, Cyprus and Australia and provides trade related services to both retail and professional traders via MetaTrader platform. While the changes are yet to be reflected in the official website, the changes made to minimum deposit amount has been officially confirmed by Admiral Markets representative who has confirmed that the changes to deposit amount will soon be updated in the website shortly.
Please feel free to let us know what you think in the comments below.
