Admirals vs Spreadex 2024

Admirals is not publicly traded and does not operate a bank. Admirals is authorised by four Tier-1 regulators (Highly Trusted), two Tier-2 regulators (Trusted), zero Tier-3 regulators (Average Risk), and one Tier-4 regulator (High Risk). Admirals is authorised by the following Tier-1 regulators: Australian Securities & Investment Commission (ASIC), Canadian Investment Regulatory Organization (CIRO), Financial Conduct Authority (FCA), and regulated in the European Union via the MiFID passporting system.

Spreadex is not publicly traded and does not operate a bank. Spreadex is authorised by one Tier-1 regulator (Highly Trusted), zero Tier-2 regulators (Trusted), zero Tier-3 regulators (Average Risk), and zero Tier-4 regulators (High Risk). Spreadex is authorised by the following Tier-1 regulator: Financial Conduct Authority (FCA).

Traders choose Admirals for its excellent investor education and advanced MetaTrader features – such as the Supreme add-ons – alongside an extensive range of shares, forex and CFD markets, and premium research content.

SpreadEx is an FCA-regulated broker in the UK, offering forex and CFDs, and is well known for its sports betting business, and proprietary web trading platforms. SpreadEx still has considerable room to improve, in key categories such as research and education, compared to the best forex brokers.

To open a trading account with Admirals, you'll need to make an initial minimum deposit of $100.

Spreadex requires a minimum deposit of $0 before you can open an account and start trading.

It's important to make sure that your forex broker accepts the funding options and deposit methods that work best for you. Admirals offers Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw), PayPal (Deposit/Withdraw), Skrill (Deposit/Withdraw) and Neteller (Deposit/Withdraw) for banking, whereas Spreadex provides Visa/Mastercard (Credit/Debit) and Bank Wire (Deposit/Withdraw).

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spread data, and pricing structures vary. Based on our thorough, data-driven testing of each broker's commissions and fees, we found that Admirals offers better pricing overall for traders.

Methodology: When testing each broker's commissions, fees, and pricing, we analyze multiple trade scenarios and award points based on the expansiveness (or inexpensiveness) of the broker's spreads. We then run multiple scenarios for different investor types, incorporating any miscellaneous fees, to determine an "all-in" cost per trade. Learn more about how we test.

At ForexBrokers.com, we track over 110 international regulatory agencies and sort them by tiers (Tier-1, Tier-2, Tier-3, Tier-4, and Tier-5) to help you choose well-regulated, highly trusted forex brokers. Learn more about our proprietary Trust Score rating system. Based on our research on the regulatory status of over 60 brokers, we've found that Admirals holds 4 global Tier-1 licenses, while Spreadex holds 1. Admirals holds 3 global Tier-2 licenses, while Spreadex holds 0.

After evaluating each broker based on their number of held licenses, years in business, and a range of other data-driven variables, we've determined that Admirals (93) earned a higher Trust Score than Spreadex (71).

To compare the trading platforms of both Admirals and Spreadex, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Admirals offers a better experience. With research, Admirals offers superior market research. Finally, we found Admirals to provide better mobile trading apps.

Here’s what trading platforms are available at Admirals:

• Proprietary Platform - Yes
• Web Platform - Yes
• cTrader - No
• DupliTrade - No
• MT4 - Yes
• MT5 - Yes
• ZuluTrade - No
• TradingView - No

Here’s what trading platforms are available at Spreadex:

• Proprietary Platform - Yes
• Web Platform - Yes
• cTrader - No
• DupliTrade - No
• MT4 - No
• MT5 - No
• ZuluTrade - No
• TradingView - Yes

The MetaTrader trading platform suite is wildly popular among forex and CFD traders across the globe. Admirals offers MetaTrader 4 (MT4), while Spreadex does not. Forex traders also appreciate the ability to engage in social copy trading. While Admirals offers copy trading, Spreadex does not.

Admirals provides traders 82 currency pairs (e.g., EUR/USD) compared to Spreadex's 52 available pairs. If you are interested in trading CFDs, Spreadex offers traders access to 10000 CFDs, while Admirals offers access to 8702 CFDs; so Spreadex offers 1298 more CFDs than Admirals.

We found in our testing that Spreadex offers a more diverse selection of investment options than Admirals, allowing you to trade Forex Trading (Spot or CFDs), U.S. Stocks (CFD), Int'l Stock Trading (Non CFD), Cryptocurrency (Derivative), Social Trading / Copy Trading and Spread Betting. Neither have Cryptocurrency (Physical).